ANZ's Tan on South Korea Economy

The transcript discusses South Korea's economic slowdown, highlighting the decline in exports and private consumption, with government spending unable to offset these weaknesses. It examines the impact of China's reopening on South Korea, particularly in tourism, and the challenges posed by stringent entry restrictions. The Korean won's recent appreciation against the US dollar is analyzed, with a cautious outlook on future currency movements. The discussion also covers South Korea's monetary policy, the current tightening cycle, and potential rate cuts by the Bank of Korea if economic conditions worsen.

What actions is the South Korean government taking to support economic activity?

What could lead to an earlier than expected rate cut by the Bank of Korea?