BANK OF KOREA SAYS COUNTRY MIGHT FACE ECONOMIC SLUMP THIS YEAR

Highlights –

• BOK cut its policy rate by 0.5 percent.
• BOK forecasts a 0.2 percent on-year contraction in the economy.
• BOK also forecasts the country’s economy to rebound next year by 3.1 percent.

According to a...

STOCK MARKET ALL TIME HIGH DESPITE COVID-19 – SOUTH KOREA

Highlights –

• Tuesday (KST) stock market hit an all-time high
• Possible interest rate cut likely to boost stock prices in the future
• Korea proposed an extra budget bill of $98.7 Billion on Wednesday to deal with coronavirus, and m...