추경, 미중 무역협상 타결, 한국 경제 불안요소 사라지나?
South Korea has been waking up to bad economic news for weeks already,... with domestic and global economic institutions announcing concerning outlooks for the Korean economy.
But a planned supplementary budget, as well as growing optimism on U.S.-China trade talks... are raising hopes that Korea's internal and external risks can be mitigated.
Today we go in-depth on the current status of the Korean economy and other issues that could affect the country's market conditions.
For that, we're joined by Dr. Shin Sang-hyup, Professor of Pan-Pacific International Studies at Kyung Hee University.
Thank you for coming in today.
1. International agencies are giving out gloomy outlooks for the world's economy, and South Korean economy is not an exception. The Korea Development Institute also assessed the Korean economy as 'sluggish'. How do you assess the Korean economy now?
2. The exact amount of the extra budget is yet to be decided, with some reports saying it will reach 6 trillion won. Regardless of the amount, it looks clear that a big slice of the pie would be injected revamp Korea's slumping exports. Do you think this is a healthy way to recover the export growth?
3. Finance Minister Hong Nam-ki stated that deficit-covering bonds need to be issued to finance the planned supplementary budget. Is Korea stretching the balance sheet too far, or can it be done without much problem?
4. The U.S.-China trade talks, which is considered as one of the major external risks for the Korean economy, is showing some good progress. President Trump recently hinted at the possibility of the talks being wrapped up within four weeks. Would the two sides reach a deal soon?
5. Details are yet to be revealed, but how far do you think Washington and Beijing have reached in the trade talks so far?
6. The WTO forecasted global trade would slow to 2.6% this year amid U.S.-China stand-off. Would this forecast be valid even if the U.S. and China strike a deal?
7. Now to the impact of U.S.-China trade deal on the Korean economy. It's widely expected that China's import of U.S.-made products would expand following the talks. How would this, and other possible outcomes of the trade talks affect the Korean economy?
8. Korean exports continue to decline on falling semiconductor prices. Semiconductors take up 20% of Korea's total exports. Viable solution to reduce Korea's reliance on semiconductors?
