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Foreigners Sell 1.4 Trillion Won in Stock Market Fear, Government Repeats ‘Debt Response’ for Domestic Use As the Korean stock market is facing a selloff of 1.4 trillion won due to fears over a US recession and the sharp drop in the dollar, the Korean government announced a ‘real response’ policy for domestic investors. On the 5th, Financial Services Commission Chairman Kim Byung-hwan announced,..

U.S. Federal Reserve cuts interest rates for the first time in the year; Korean media cuts for the second time While the U.S. Federal Reserve referred to the interest rate cut within the year as ‘the first rate cut within the year,’ Korean media reported it as ‘the second rate cut within the year.’ The ‘dot plot’ forecast released by the U.S. Federal Reserve on the 12th reflects policymakers’ co..

OECD global economic imbalance deepening ‘Debts of aging countries will worsen next year’ Lee Chang-yong ‘postpones interest rate cut’ The Organization for Economic Co-operation and Development (OECD) pointed out 'increasing debt' as a risk in aging countries as the pace of imbalance worsens in the world economic report, the economy will cool next year and expenditure curbs begin, and Korea beca..

3.4% growth in the first quarter ‘Early interest rate cut’ is a headwind to the recovery of consumer sentiment Economic growth in the first quarter is dependent on consumer-driven securities firms' toutation of an interest rate cut in June and July, showing a headwind in the economic recovery. The ‘July interest rate cut and decline to 3.0% by the end of the year’ led by securities companies led..

On the 21st, American economists cautioned against optimism regarding the possibility of an economic recession this year as they are exposed to three factors: ‘worsening unemployment in the job market’, ‘expanding refinancing’, and ‘weakening the supply chain and the impossibility of an interest rate cut if high prices return.’ On the 19th, Trend Force, a semiconductor market research company, a..

Semiconductor-related stocks continue to fall, Korean government expects semiconductor exports to rebound this year While semiconductor-related stocks continued to decline at the beginning of the year as the possibility of an interest rate cut weakened, the Korean government announced a 2.4% economic growth forecast from an ‘export rebound’ due to the recovery of the semiconductor economy this y..

The British pound saw its biggest one-day drop after the Conservative government announced on the 23rd that it would cut taxes and increase fiscal spending to strengthen the economy. “The pound plunged as high-risk public borrowing raised concerns about a worsening cost of living crisis,” the Associated Press reported. The Finance Minister announced a comprehensive tax cut policy, saying that it..