Time now for an in-depth look at the market news.
And for that, I'm joined on the line by Dr. Kim Sei-wan, Professor of Economics at Ewha
Professor Kim, good afternoon. Thanks for coming on today.
Let's start with the news that South Korea has risen to become the tenth largest economy in the world. It's knocked Brazil out of the top ten, with the shakeup in the past year caused by the pandemic. How did this come about, and what does it mean?
This ranking from the IMF also projects out five years until 2026. Right now it estimates Korea to have a GDP of 1.8 trillion dollars, but that's going to go up, which should keep Korea in the top ten until then. What do you make of that projection, professor?
Let's turn to the markets now. On Wall Street overnight, stocks were up for the first time in three sessions by about 1 percent across the board. Tell us what's happening in the global markets.
Here in Korea, stocks were down a fair bit yesterday, but today they've bounced back a little it seems as investors looked to get in a little cheaper. What's the story in the Korean markets?
Last year, companies on the KOSPI paid out their biggest amount in dividends in five years. At around 33 trillion won, which is about 30 billion dollars. That's an increase from the year before of around 60 percent. Tell us about that, and what it means for the companies and investors.