Finance minister voices confidence in economy, vows efforts to stabilize stock market
Exports, the main driver of the economy, reached a record high of $102.2 billion in June amid solid global demand for memory chips
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Summary
Exports, the main driver of the economy, reached a record high of $102.2 billion in June amid solid global demand for memory chips. "Both real-economy indicators and macroeconomic indicators, including growth, exports, inflation, and consumer and business sentiment indexes, continue to show a steady upward trend." Last month, the government raised its 2025 growth forecast to 3 percent from its earlier projection of 2 percent, citing a semiconductor supercycle and easing uncertainties surrounding the Middle East. Regarding recent stock market volatility, Koo said the government is working to stabilize the market and make the country a more attractive destination for investors.
Furthermore, Latest data showed that Asia's fourth-largest economy expanded 3.8 percent in the first six months of the year from a year ago. Finance Minister Koo Yun-cheol speaks during a meeting with economy-related ministers held at the government complex building in Seoul on Thursday. (Yonhap) South Korea's finance minister on Thursday expressed confidence in the country's economy, saying it is achieving "unprecedented" results on the back of solid growth and exports. Such ETFs linked to Samsung Electronics Co. and SK hynix Inc., introduced in May, have been widely viewed as a key factor behind the recent volatility in the domestic stock market. (Yonhap).
In addition, "The government will continue efforts to structurally strengthen the capital market and foster new industries to make Korea a more reliable investment destination," he said.
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Exports, the main driver of the economy, reached a record high of $102.2 billion in June amid solid global demand for memory chips.
reliability low1/2 sources"Both real-economy indicators and macroeconomic indicators, including growth, exports, inflation, and consumer and business sentiment indexes, continue to show a steady upward trend." Last month, the government raised its 2025 growth forecast to 3 percent from its earlier projection of 2 percent, citing a semiconductor supercycle and easing uncertainties surrounding the Middle East.
reliability low1/2 sourcesRegarding recent stock market volatility, Koo said the government is working to stabilize the market and make the country a more attractive destination for investors.
reliability low1/2 sourcesLatest data showed that Asia's fourth-largest economy expanded 3.8 percent in the first six months of the year from a year ago.
reliability low1/2 sourcesFinance Minister Koo Yun-cheol speaks during a meeting with economy-related ministers held at the government complex building in Seoul on Thursday. (Yonhap) South Korea's finance minister on Thursday expressed confidence in the country's economy, saying it is achieving "unprecedented" results on the back of solid growth and exports.
reliability low1/2 sourcesSuch ETFs linked to Samsung Electronics Co. and SK hynix Inc., introduced in May, have been widely viewed as a key factor behind the recent volatility in the domestic stock market. (Yonhap)
reliability low1/2 sources
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"The government will continue efforts to structurally strengthen the capital market and foster new industries to make Korea a more reliable investment destination," he said.
according to The Korea Herald
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