Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Yang Jun-sok, Professor of Economics at the Catholic University of Korea.
Professor Yang, good afternoon. Thank you for coming on.
Stocks on Wall Street ended last week with a substantial gain. But at the same time there were reports saying that the Biden administration is going to raise capital gain taxes on people with ultra-high incomes. So, tell us about this gain in the U.S. market and what you see ahead this week.
Today, in Korean stocks, the KOSPI closed above 32-hundred points as investors look to strong earnings from domestic companies. The KOSDAQ was up today as well. What's the story in the local market?
Data show that in the first quarter, Korea had two million people of working age who were not looking for work. It's the first time there's been that many of what are called discouraged workers. Tell us about that phenomenon and what you think might be done about it.
This week, the BOK will have data on Korea's real GDP for the first quarter. So we'll see to what extend the economy has recovered from the start of the pandemic a year earlier. That and what else is on your radar this week?