🇰🇷 April 22, 2025 – South Korea Economy & Market Summary
"Mixed Markets Amid Export Decline and Policy Responses"
📊 Market Closing Summary
- KOSPI: 2,486.63 (−0.07%)
- KOSDAQ: 716.11 (+0.09%)
- USD/KRW Exchange Rate: 1,420.70 KRW (−0.06%)
📰 Key News & Issues
1. Exports Decline in Early April, U.S.-Bound Shipments Down 14.3%
South Korea's exports for April 1–20 fell by 5.2% year-on-year, with shipments to the U.S. dropping 14.3%, impacted by new U.S. tariffs.
2. Fuel Tax Cuts Extended with Reduced Rates
The government extended fuel tax cuts until the end of June, reducing the gasoline tax cut from 15% to 10%, and diesel and LPG cuts from 23% to 15%.
3. Upcoming South Korea–U.S. Trade Talks
Acting President Han Duck-soo expressed optimism about upcoming trade talks with the U.S., aiming for mutually beneficial outcomes. 조선일보+4Reuters+4Yonhap News Agency+4
4. Upbit Lists DEEP Token in KRW Market
Upbit, a major Korean crypto exchange, listed the DEEP token in its KRW market, with trading commencing on April 22 at 2:30 PM KST. X (formerly Twitter)
5. Government Proposes ₩12.2 Trillion Supplementary Budget
The government proposed a ₩12.2 trillion supplementary budget to support economic growth amid global trade tensions and internal political instability. Reuters+1chinadailyhk+1
💡 Investment Strategy Highlights
- Monitor Export-Dependent Sectors: Given the decline in exports, particularly to the U.S., investors should closely monitor companies heavily reliant on exports.
- Focus on Domestic Demand: With government stimulus measures in place, domestic consumption-related sectors may experience growth.
📝 Closing Thoughts
South Korea's markets showed mixed results amid export declines and proactive policy measures. Investors should stay informed on trade developments and government policies to navigate the current economic landscape effectively.