Discussions on exit strategies are in talks around the globe . The U . S . Federal Reserve Board ( FRB ) Chairman Ben Bernanke at his confirmation hearing held by the U . S . Senate Banking Committee on December 3 said that the FRB is ready to raise the rate against possible inflation when an appropriate time comes . On the same day after the European Central Bank ( ECB ) ’ s rate freeze announcement , Jean - Claude Trichet , President of the ECB , also stated that the bank has decided to begin withdrawing a part of emergency actions taken for an economic boost . Such remarks indicate that the U . S . and Europe are possible to take exit strategies sooner or later . The problem lies with South Korea . South Korean policy regulators have already begun to implement broad exit strategies , such as retrieving foreign currency liquidity , reinforcing mortgage loan rues , and reducing next year ’ s fiscal scale . But the country is still lukewarm on a benchmark rate hike that signals a policy change to the market as a narrow meaning of exit strategy . However , we cannot continuously stick to our approach against exit strategies -- South Korea ’ s economic recovery is the fastest among the members of Organization for Economic Cooperation and Development . Exit strategies should not be taken too early or too late . It should be borne in mind that the economy itself could be damaged if the nation is hesitant to begin exit strategies due to political concerns including the local government election slated for next year . It is also undesirable to overly stress a collaborative exit strategy as an economic climate varies by nation . [ translated by Eun - jung Kim / edited by Jae - yoon Jung ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]