Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Kim Sei-wan, professor of economics at Ewha Womans University.
Professor Kim, thank you for coming on today.
We now see that the Korean economy shrank in the second quarter by more than 3 percent compared to the first quarter. Tell us about that, Professor.
It seems Korea continues to lose jobs in the manufacturing sector. That continued from March into April. But there are concerns this'll get worse before it gets better. What do you say, Professor Kim?
The Trump administration has told China to vacate its consulate in Houston, Texas. China is not very happy about that, so what kind of impact do you see the tensions over this having on the financial markets?
Stocks in New York closed higher overnight. Korean stocks today were mixed though. The Kospi lower, the Kosdaq higher by about the same amount. What's the story in the stock markets?
Korea has declared a one-off national holiday for Monday, August 17th, which will make that a three-day weekend. The hope is too that it'll boost consumption in Korea. What do you think, Professor?