Inflation woes polarise young Koreans' spending habits amid dwindling middle class Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Out of the Korean economy s major macroeconomic risk factors - notably inflation, high interest rates, high foreign exchange rates and sluggish exports - Lee Yong-jae, president of the Korea Center for International Finance (KCIF), pointed out that the country s weakened exports could pose the biggest challenge..
Korea could expand trade ties with Hong Kong through fintech and lifestyle product exports, according to the director of the city s trade promotion body. Christopher Lai, the Korea director at the Hong Kong Trade Development Council (HKTDC), said that despite the pandemic and supply chain disruptions from the Ukraine war, trade between the markets has grown, spearheaded by traditional products such as food, agricultural goods and beauty products.
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The Bank of Korea (BOK) is being pressed to increase its policy rate again next week, as inflation here may possibly be rising again since January after cooling down in November an.