Korea
Korea’s inflation surges to three-year high of 5.3%
Blame the 11.4% rise in food prices for the higher inflation.
Korea’s inflation surges to three-year high of 5.3%
Blame the 11.4% rise in food prices for the higher inflation.
Korea’s industrial production rises 3.8% in July
Morgan Stanley says production activities were affected by the holidays, and possibly by the heavy rainfall in the month.
Exports in South Korea hit a record USD 51.4bn in July
Exports of ships led the strength in overall exports, rising sharply to USD 6.2bn.
Korea’s central bank to hike up rates to 3.5% in August
HSBC says inflation will drift back down to the central bank’s target range of 2-4%.
South Korean telcos not threatened by mobile virtual network operators
Despite the attractive tariff plans, MVNOs will find it difficult to secure a line-up of attractive handsets due to their small subscriber base.
Asian currencies remain vulnerable
And guess which currency is the most risk on?
Spending splurge: Korean households spend more than what they earn
Households' gross savings are hence dropping rapidly, which has lasted for too many quarters, says Morgan Stanley.
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