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    South Korea speeds up full-fledged deployment of US anti-missile battery

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    INTERVIEWHow ATEEZ achieved worldwide success

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    ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK

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    Actor Yoo Ah-in appears for questioning over alleged drug use

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    4 young Nigerian siblings killed in house fire in Ansan

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    Chun Doo-hwan's grandson to apologize to victims of Gwangju massacre

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    Korean police search for 2 Kazakhstanis who fled airport

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    Samsung chief inspects production plants in China for first time in 3 years

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    Unrest on the Island of World Peace in 1903

  • 19

    Yoo Ah-in appears before police over alleged use of illegal drugs

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    Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance'

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    Kakao seeks to bolster SM's global presence as new owner

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    Firstborns account for record-high 63% of newborns

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    Apple Pay service limited by lack of NFC terminals

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    Foreign minister hosts Iftar dinner for Muslims in Korea

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    Busan aims to win hearts of developing nations in Expo 2030 bid

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    From mines to mobility: 140-year-old partnership between Germany and Korea

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Tue, March 28, 2023 | 07:20
15. Park Chong-hoon
Prepare for the worst, but no need for pessimism
South Korea's trade deficit has been a cause for concern for the past 12 months due to a decline in semiconductor exports and exports to China. A widening trade deficit could impact the Korean won and monetary policy, prompting the Bank of Korea (BOK) to hike the base rate further to stabilize the currency. Moreover, the trade deficit may negatively affect economic growth by reducing imports and decreasing investment and economic activity.
2023-03-13 16:40
Expect timely fiscal expansion
“Don't tell me what you value. Show me your budget - and I'll tell you what you value.” -Joe Biden The government budget represents the political philosophy of the current government. The annual budget decisions can often be driven more by political than economic considerations, with more emphasis on the distribution of funds than on supporting growth.
2023-01-10 16:50
Managing market expectations will be key
The Korean won continues to depreciate, showing no signs of improvement this year. Starting the year at the 1,190 level, the currency has reached the mid-1,400s to the dollar, down 17.2 percent year to date, largely due to a strengthening of the U.S. dollar. Furthermore, relative to emerging market countries such as India, Indonesia and Malaysia, the Korean won has declined the fastest this year since the 2008 global financial crisis (GFC).
2022-10-20 14:01
Wishful thinking amid both positives and risks
The KOSPI has shown some recovery since July, recouping some of the losses of this year. The index fell 22.2 percent up until June, one-year Korea Treasury Bond (KTB) yields rose to 3 percent on June 30 and have fallen since, suggesting that the policy rate is likely to peak around the 3-percent level. The market also no longer expects the Fed to hike the interest rate aggressively given the economic slowdown. Further, market expectations appear to be based on the expectation that U.S. inflation has already peaked.
2022-08-22 15:19
Face the facts but don't be overwhelmed by them
The “Stockdale paradox” is about conflicting duality: accepting the brutal facts of reality but maintaining an unwavering faith in the endgame. Jim Stockdale, a high-ranking U.S. navy officer, survived an eight-year imprisonment in Hanoi during the Vietnam War without giving up hope of freedom while facing the brutal fact that he would not be returning home any time soon, and definitely not for Christmas that year.
2022-07-11 16:32
Time to be conservative
I am often asked how the U.S. dollar-Korean won exchange rate will move in the near term, especially by acquaintances who have to send money to the U.S. for their kids. They are worried about the recent rapid pace of the won's depreciation and are feeling the pain of having to spend 10 to 15 percent more in Korean won terms to send their kids to school in the U.S. Corporates, especially importers, are facing similar pressure. Their profits can fluctuate by over 10 percent depending on the time of buying and selling dollars.
2022-05-09 16:55
Growth likely to prevail despite headwinds
Economic news has been pretty grim lately. The Omicron variant has been seen to be more contagious than the Delta variant, necessitating restrictions and leading to lockdowns globally. Inflation remains high on the back of fiscal expansion, high commodity prices and global supply bottlenecks.
2022-01-12 17:01
Pragmatic approach to Bitcoin needed
A few months ago, when I was asked to write about Bitcoin, I declined to do so for two reasons: first, because I did not understand Bitcoin, and second, I was restricted from commenting on it given that our bank's research did not cover it.
2021-11-08 15:50
What we learned about Korea's economy during pandemic
The government and the Bank of Korea (BOK) have made vital policy changes aimed at withdrawing the liquidity that they released during the COVID-19 pandemic. The central bank has raised its base rate by 25 basis points, earlier than any other Asian economy, and the government tightened macro-prudential policy in order to control household debt. We believe that these efforts reflect a desire to normalize the economic cycle disrupted by the pandemic.
2021-10-04 13:04
Explaining Korea's policy mix
“Fiscal and monetary policies should complement each other, depending on the economic situation.”
2021-07-19 16:26
 1 2
Top 10 Stories
1[ANALYSIS] Tesla, BYD's price cuts unnerve LGES, Samsung, SK ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK
2Yoo Ah-in appears before police over alleged use of illegal drugs Yoo Ah-in appears before police over alleged use of illegal drugs
3US aircraft carrier to visit Busan amid NK provocations US aircraft carrier to visit Busan amid NK provocations
4Families of foreign construction workers can receive retirement pay: court Families of foreign construction workers can receive retirement pay: court
5Indonesian investment minister promotes EV cooperation with Korea Indonesian investment minister promotes EV cooperation with Korea
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7Korean crypto investors want Do Kwon punished in USKorean crypto investors want Do Kwon punished in US
8Gimpo-China flights recover to pre-pandemic levels Gimpo-China flights recover to pre-pandemic levels
9Right-wing Japanese support Seoul-Tokyo ties: Korean envoy to JapanRight-wing Japanese support Seoul-Tokyo ties: Korean envoy to Japan
10Local bank stocks hit by shockwaves from SVB, CS collapses Local bank stocks hit by shockwaves from SVB, CS collapses
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