Producer prices in May rose 8.5% year-on-year, hitting a 3-year and 10-month high. We explain in simple terms how this affects our daily lives and the economy.
Easily understand why the 1,400 won exchange rate has become the new normal and how the potential interest rate hike by the US Federal Reserve (FOMC) impacts our economy.
The real reasons behind the KOSPI breaking below the 8,100 mark and the exchange rate surpassing 1,540 won. We explain in easy terms how foreign investors' net selling and Middle East geopolitical crises are affecting our economy and prices.