[NEWS IN-DEPTH] Analysis on Korean economy and adversaries

환율 급등, 한국 경제 영향은?

We have a number of major economic developments this week... from the U.S. Fed's rate freeze and slipping Korean won against strong U.S. dollar,... to Korea's slumping exports that fell for the 5th consecutive month.
While the strong U.S. dollar trend is expected to continue... we go in-depth on the factors that are effecting the Korean economy now.
For that, Dr. Yang Jun-sok, Professor of Economics at the Catholic University of Korea now joins me in the studio.

1. Before we begin on the currency talk, let's first discuss the U.S. Fed's decision. It has kept interest rate unchanged, as the market expectations. Fed Chairman Jerome Powell has described low inflation as likely to be "transitory" and not "persistent". Does this mean he's not considering at rate cut at this point?
2. Bank of Korea governor Lee Ju-yeol, after the rate freeze, said that the decision goes in line with expectations. What effect would the rate freeze have on the Korean economy?
3. Now to the currency trend. Strong U.S. dollar continues on the back of the America's robust growth. While most other currencies weakened against the dollar, the South Korean won appears to be suffering the most decline against the greenback falling by 2.82 percent compared to a month ago. Why is the Korean won performing so poorly against the U.S. dollar?
4. By the value, the Korean won fell about 30 won on-month. How big of a decline is that amount against the U.S. dollar in one month?
5. BOK governor Lee has said that we will have to wait and see but we haven't reached the level where we need to be concerned about the fundamentals. What's your forecast of strong dollar trend? Do you expect it to continue for quite some time?
6. Currency rate and exports are closely linked. Korea is seeing sluggish exports for the 5th consecutive month on weak demand of semiconductors. When do you expect the nation's exports to make a rebound?
7. Amid the slumping exports, the Korean government and Samsung alike, have vowed to foster non-memory chip industry as the next export growth engine. Samsung has said it plans to invest 133 trillion won to boost its non-memory chip business. How do you assess the growth potential and value of the non-memory chip industry?
8. South Korea was granted exemption from Washington's ban on Iranian oil imports, but as announced by the U.S. last week, that special exemption came to an end as of today, May 2nd. Korea has been bracing for this for quite some time now, but could you once again tell us the impact of this on the Korean economy?

[wrathofgods]

I honestly believed that korean economy will go down into recession at the end of the year. Cheers