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Due to the weak yen, Korea experienced a -2.2% economic recession in the third quarter, which could lead to a prolonged recession and a collapse of the housing market at the same time. In a research note on the 4th, Nomura Securities said, "Countries can no longer rely on a rebound in exports for growth due to the accompanying slowdown in the global economy." predicted that Regarding the housing..

Low unemployment is “the most dangerous” for high inflation, and it is expected that a hard landing will be applied to Korea’s high-inflation and low-employment system following the US. Larry Summers, who served as Treasury secretary in the Democratic administration, argued that “inflation control requires an unemployment rate of at least 5%,” followed by a statement by the Congressional Researc..