The exchange rate is soaring, and the Bank of Korea is announcing an 'unusual' interest rate cut. Is this a sign of a financial crisis? Kim Kwang-seok's Collaboration

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Published on Dec 26, 2024

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Here is a video of me appearing on Yonhap News TV’s December 26 (Thursday) afternoon news. [Question 1] The Bank of Korea announced that it will further lower the base rate next year. It is quite unusual to announce a rate cut, but what is the background to this decision? [Question 2] Governor Lee Chang-yong of the Bank of Korea has been cautious about the timing and scale of the rate cut, although he has kept the possibility of further rate cuts open. What do you expect the scale and speed to be? The fact that domestic and international situations are not favorable for a rate cut is also a variable, isn’t it? [Question 3] Of particular concern is the won-dollar exchange rate. The exchange rate, which soared during the martial law period, surpassed 1,460 won during the day today, and there are growing voices that it may exceed 1,500 won. How long and how much higher do you think it will rise? [Question 4] It has been reported that domestic companies are very pessimistic about next year’s economy. In particular, the outlook for January next year recorded the largest drop in five years since the beginning of 2020 when the COVID-19 crisis was in full swing. What do you think? [Question 5] By survey sector, domestic demand, investment, and exports were negatively forecasted. I am also concerned that consumer sentiment at the end of the year is also shrinking. If exports slow down and domestic demand does not recover, won’t the economic situation next year become more difficult? [Question 6] Since the business outlook for companies is directly linked to employment and investment plans, there are concerns about the employment market next year. What are your outlooks? What urgent measures do you think our companies need to take to survive the cold? [Question 7] The number of domestic virtual asset investors, which increased rapidly before and after the US presidential election, has exceeded 15 million. This means that one in three Koreans is investing in coins. Do you feel the interest? [Question 8] The price of Bitcoin, which seemed to be slowing down, is approaching the $100,000 mark again. There are also projections that it will hit a new all-time high again in January next year. Do you think there is enough room for it to rise further? 🚩 Professor Gwang-Seok Kim's new book, "The Era of Pivot: Economic Outlook for 2025" (Kyobo) https://bit.ly/47iCsxq (Yes24) https://bit.ly/4gcRucm (Aladdin) https://bit.ly/3MBoDku (Gift on KakaoTalk) https://bit.ly/47fK9Vb #Exchange rate #News #Interest rate cut #The man who reads the economy #The man who reads the economy #Professor Gwang-Seok Kim #Economic outlook #Economic study #Economic outlook for 2025 #Economic outlook for 2025 #2025 #Trend #Economic trend #The era of pivot #Pivot #Trump #Trump 2.0

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