🇰🇷 South Korea — Weekly Briefs

South Korea announces $195B corporate investments and chip windfall fund

Over the past week, South Korean conglomerates unveiled $195 billion in industrial investments while the government proposed a future fund from semiconductor gains to support growth and address inequality. June CPI rose to 3.2% year-on-year, exports maintained strong momentum led by chips, and 24-hour won trading is set to begin. The Bank of Korea's next policy meeting is scheduled for July 16 with the rate steady at 2.5%. These developments highlight export resilience amid persistent inflation pressures.