It's time now for an in-depth look at the market action today, and for that, I'm joined on the line by Dr. Yang Jun-sok, professor of economics at the Catholic University of Korea.
Dr. Yang, thank you for coming on today.
We saw this afternoon the Supreme Court ordering a lower court to go back and review its decision on Samsung heir Lee Jae-yong. The lower court had dismissed some charges against him and suspended the the prison term that it did hand down. So now Lee Jae-yong is in jeopardy again, it seems.
How did the market respond to that decision just about an hour ago?
The Moon administration's budget for next year of more than 500 trillion won. That'll push the national debt to over 800 trillion won next year. Why have they decided on such a big budget, and do you think it'll help?
Tomorrow the Bank of Korea is going to hold a policy meeting in which it'll decide on where interest rates are going. Things have changed since they met a month ago, and it seems like there's a bigger chance now of another interest rate cut this year. What do you think they'll do?
Alright, Dr. Yang.
Thank you for your time today.
We appreciate your insights as always.