06-10-2023, 08:53 AM
The Korean economy is expected to undergo a highly uneven recovery as a toxic cocktail of rising inflation, high interest rates and a weakening Korean won are set to hamper growth in the second half of this year, according to analysts, Thursday.
"Due to prolonged U.S. monetary tightening, in the short-term, the local markets will become more sensitive to negative factors, such as rising loan interest rates linked to project financing (PF) and household debt, as well as the increased issuance of bank bonds. This could further aggravate market uncertainties, thus requiring active risk management in October,” Kim Ji-na, analyst at Eugene Investment, said.
https://www.koreatimes.co.kr/www/biz/202...60535.html
"Due to prolonged U.S. monetary tightening, in the short-term, the local markets will become more sensitive to negative factors, such as rising loan interest rates linked to project financing (PF) and household debt, as well as the increased issuance of bank bonds. This could further aggravate market uncertainties, thus requiring active risk management in October,” Kim Ji-na, analyst at Eugene Investment, said.
https://www.koreatimes.co.kr/www/biz/202...60535.html