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 Economic at the Catholic University of Korea.
Professor Yang, good to have you back on. Thanks for making time today.
Last Friday, stocks on Wall Street ended with a nice gain. Jobs data in the U.S. showed that hiring actually plunged. Businesses are having a hard time finding workers because the unemployment benefits are so generous right now, which is ultimately tied to these concerns about inflation. What's the story in the global markets as we start a new week?
Here in Korea today, stocks were quite a bit higher for their fourth gain in a row. Retail investors, it seems, were taking profits, but others were buying. Tell us about the local market.
The Korea Economic Research Institute is now calling for GDP growth in Korea this year of 4.1 percent. Economists at LG calling for four percent. These forecasts are higher than the consensus so far this year. What do you make of these projections, professor?
It's the start of a new week, professor. Lots of data due out for one thing, on employment in Korea. What's on your radar in the next few days?