Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Kim Sei-wan, Professor of Economics at Ewha Womans University.
Professor Kim, thank you for making time today.
The IMF earlier this month revised its outlook for global economic growth this year upwards to 6 percent. And for Korea, it's been raised to 3.6 percent. If that holds true, it sounds like good news. What do you make of these forecasts, professor?
The IMF and others are also warning that Korea could face a debt explosion because of its aging population and the long-term liabilities that implies. The IMF is projecting a big rise in the country's debt from 2026. Tell us what prompted this warning and what can be done about the situation.
Stocks on Wall Street were mixed overnight as corporate earnings started coming in. The Dow up a little, but the S&P and the Nasdaq off by somewhat more than that. What's the story in the global markets?
Korean stocks did alright today, though. The KOSDAQ is holding onto the gains from its recent rally above 1-thousand points. It's at its highest in 20 years. The KOSPI with a moderate gain today. Tell us about the local markets.
A report from the automobile industry finds that Korean carmakers are only two-percent self-sufficient when it comes to the semiconductors they need for their products. That is around 98 percent of them are imported, despite Korea being one of the world's biggest producers of computer chips in general. What do you make of that data, professor?