Latest news and articles about korean economy from NEX English
Economic forecasts suggest that the <strong>Korean won</strong> may experience a significant recovery in the second quarter of this year, returning to levels seen before the U.S.-Iran war. This anticipated recovery is attributed to declining oil prices and increased foreign investment in the Korean stock market.
The South Korean Ministry of Finance announced a significant increase in the national debt, surpassing 1,300 trillion won, equivalent to $861.2 billion. This rise raises concerns about the country's financial sustainability as the debt-to-GDP ratio approaches 50%.
The South Korean stock market has experienced a dramatic shift, moving from one of the best-performing markets in 2026 to a significant decline in March. This downturn is attributed to the fading factors that previously boosted its performance, such as falling energy prices and a booming semiconductor industry.
South Korean President <strong>Lee Jae-myung</strong> urged the National Assembly to expedite the approval of a supplementary budget to tackle the economic fallout from the ongoing war in the Middle East. He emphasized the need for extraordinary measures to stabilize the economy.
South Korean stocks fell by 3% on Monday, with the Kospi index closing down by 161.57 points at 5,277.30. The won also depreciated by 0.5%, reaching 1,518.7 won per dollar, marking its lowest level since March 2009 amid rising geopolitical tensions.