The exchange rate is rising as a side effect of the Corona stock rebound policy as industrial production and consumption are booming or stocks are crashing, causing inflation to increase and imports to overtake exports.
On the 28th, the KOSPI index plunged 3.5%, and foreigners net sold more than 1.7 trillion won, and the KOSDAQ also plunged more than 3.7%, with foreign net selling of more than 2 trillion won a day.
The cyclical change in the leading economic index of the National Statistical Office has continued to decline for six consecutive months, with a 0.2p drop last year.
The dollar-won exchange rate rose 5.10 won to 1,202.80 won on the day.
Stocks plunged below 1600 in the March index two years ago in the early stages of the corona virus, but immediately rose to the index 3000 or higher by the V rebound policy of “early termination” in May.
In December of last year, the price of personal transportation equipment surged by 11.1%, raising the cost of living.
In December of last year, industrial production increased by 4.8% (year-on-year), facility investment surged by 9.0%, and retail sales increased by 5.5%, the highest since 2010.
Production in the service industry increased by 4.3%, the highest since 2007, with accommodation and restaurants (1.4%) transport and warehouses (6.5%) wholesale and retail (4.0%) arts, sports, leisure (6.9%) and finance and insurance (8.5%) increasing to be.
The U.S. economic growth rate was 5.7% last year, the highest in 37 years since 7.2% in 1984 during the Cold War-enhanced Reagannomics. .
The economic growth rate in 2020 in the early stages of the coronavirus was minus 3.4%, the biggest drop in 74 years during the Great Depression.
The recovery of economic growth last year was led by countermeasures against the trillion-dollar coronavirus, which accounted for 70% of GDP and supported a surge in personal consumption. “The market forecast is 0.3 percentage points higher than the 0.6% decline in orders for consumer durable goods to turn negative after three months,” he said. Korea's industrial boom was led by a 29.7% surge in semiconductors last year, and Samsung Electronics recorded 94 trillion won in sales and 5.63 trillion won in operating profit in 2018, a 43.45% increase from the previous year, which was the semiconductor boom in operating profit. Korea's industrial production was the highest since January (-0.5%) of last year (-0.5%), February (2.0%), March (0.9%), April (-1.3%) and May (-0.2%) 6 The month (1.6%) declined in July (-0.7%) August (-0.1%) September (1.1%) followed by October (-1.9%) November (3.3%) to December (1.8%)' It is a 'decrement-rising' iteration.
Samsung Securities issued a V rebound report during the stock plunge in February, at the early stage of the corona virus, and Kim Sang-jo, chief of policy at the Blue House, said 'a rebound when Corona ends early', and President Moon Jae-in invested in the New Deal Fund.The initial V rebound of the corona virus was a 32.7% increase from 55,200 won at the beginning of the year to 73,300 won on December 18th, LG Electronics rose 36.5% to 96,900 won. In 6 months, Samsung Electronics surged 50% and LG Electronics 100%.At the Blue House meeting on December 14, 2020, President Moon Jae-in said, "There are even hopeful prospects for the start of the era of 'stock price 3000'." 'Rebound' and praised 'Samsung' four times during a recent Middle East tour. <Debt glut crisis due to repeated two-year V rebound from economic downturn> (Refer to December 18, 2020)
Democratic Party presidential candidate Lee Jae-myung announced on December 3 last year at the Samsung Economic Research Institute, "I made a suggestion to Vice Chairman Lee Jae-yong about discussing basic income.“