SEOUL, Prime Minister Lee Nak-yon said Thursday it's time to consider raising interest rates.

Lee made the remark during a parliamentary interpellation session, saying that unless rates are hiked, it could lead to capital flight and other problems.

"I agree that it's time to think more seriously (about raising interest rates)."

South Korea's key interest rates fell to a record low of 1.25 percent in June 2016 before they were adjusted up to 1.5 percent in November of last year.

Source: Yonhap News Agency