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South Korea's finance ministry on Tuesday raised its 2026 GDP growth forecast to 3%, one percentage point higher than its prior estimate, citing a semiconductor-sector "supercycle" and eased Middle East-related uncertainty. The revision, published in

2026-07-14

South Korea's finance ministry on Tuesday raised its 2026 GDP growth forecast to 3%, one percentage point higher than its prior estimate, citing a semiconductor-sector "supercycle" and eased Middle East-related uncertainty. The revision, published in the ministry's H2 2026 economic policy plan, is above the IMF/OECD/ADB consensus of 2.6%. First Vice Minister Lee Hyoung-il said other agencies relied on March–April data, while the ministry's assessment uses more recent data showing export strength driven by the semiconductor boom and further easing in Middle East tensions.

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2026-07-14

The SC crude oil futures contract rose more than 9%, currently trading at 513.8 yuan per barrel.

The SC crude oil futures contract rose more than 9%, currently trading at 513.8 yuan per barrel.
2026-07-13

South Korean equities, among the biggest beneficiaries of the AI rally, are seeing volatility not seen since the 1998 Asian financial crisis. The 60-day price-volatility reading for the MSCI Korea index rose to its highest level since February 1998,

South Korean equities, among the biggest beneficiaries of the AI rally, are seeing volatility not seen since the 1998 Asian financial crisis. The 60-day price-volatility reading for the MSCI Korea index rose to its highest level since February 1998, exceeding levels seen during the 2008 global financial crisis. The MSCI Korea index, which earlier hit record highs amid frenzied trading and heavy leverage, is down 28% from its June peak and plunged 10% on Monday, retreating to levels from more than two months ago.
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