The article examines inflation expectations in Korea, especially during the Covid-19 crisis. It shows that low inflation has been a long-standing issue since 2012. The study found that long-term inflation expectations are around 1%, below the target, and tightly anchored. This suggests that low inflation is likely to continue in the future. Despite temporary fluctuations, inflation may stay below the target level. However, during the crisis, aggressive monetary policy may have boosted confidence in inflation stability. This could help long-term expectations move closer to the target over time.