Business and Capital Market Analysis !!!

South Korean government on this day (3/10) to provide certainty about the efforts that will be taken to overcome the symptoms of the crisis in the country are being thrown. Korean government eventually will provide assistance to the stimulus of the economy 10.8 billion dollars. Stimulus package is planned to be divided into 2 main package : 4.6 trillion used for the development of infrastructure and 3 trillion won package is intended for the financial sector.

In addition to providing funds for stimulus economy, the government of Korea also plans will be issued to fund the social sectors of health of 1.3 trillion won. Policies that will be launched by the Government directly responded by the market, especially in the money market with a positive won movement, which is currently rising at 0.5% to 1284.30 won against the dollar. Meanwhile, the stock index, also experienced positive conditions by the Kospi index rose 2.9% to 1144.78 basis points to the mid-day trading.

Meanwhile, on the other, the Statistics Agency of Korea reported today that economic growth in the third quarter experienced a decrease of 0.6%. The weakening of economic growth, one of caused by the decrease in the level of exports in the third quarter of 1.3 trillion won.

The weakening economy in Korea irrespective of destabilizing the global economy, that affect the economic performance of countries in Asia, including Korea. Decrease in the purchasing power of people to make the level of consumption that was one of the pillar the economy declines.


Source:

• Vibiznews