Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Yang Jun-sok, professor of economics at the Catholic University of Korea.
Professor Yang, thank you for coming on today.
Stocks on Wall Street were up overnight for the most part, with the exception of the Nasdaq. A lot of news there earnings coming out, also the EU agreeing to a stimulus package. Some big swings in Korean shares today, though. What's the story in the markets?
In Korea, for decades we've had this problem of concentrations of wealth and population in the capital area, and the resulting inequality becoming especially severe now. What's your take on the situation, Professor, and what can be done about it?
At the end of last month, we saw the amount of dollar holdings by Korea's households and businesses rise to an all-time high. What's behind this demand for foreign currency, and what do you see happening with that in the near term?