KRW

North Koreas Kim Jong Un may order lethal military action against South Korea or US forces

• New York Times with the report citing unnamed US officials

South Korea Q4 GDP +0.6% q/q (vs. +0.5% expected) and +2.2% y/y (expected +2.1%)

• South Korean economic growth has come in better than expected

North Korea fires multiple cruise missiles into Yellow Sea

• Tensions are rising on the Korean peninsula

Bank of Korea leaves interest rate unchanged at 3.5%, as expected

• Bank of Korea's Base Rate held at 3.50% for the eighth straight meeting

South Korea’s central bank meets this week - expected to hold interest rates unchanged

• Bank of Korea's Base Rate is expected to hold at 3.50% for the eighth straight meeting.

South Korea's KOSPI (equity index) and won both taking a hit on North Korea strike report

• KRW lower

An evacuation order has been issued for South Korean border island of Yeonpyeong

• Yeonpyeong, South Korea, lies just south of the maritime border line with North Korea.

Economic calendar in Asia for Friday, 29 December 2023 is nearly empty

• Over the weekend China's National Bureau of Statistics (NBS) PMIs will be published

South Korea November CPI -0.6% m/m (expected -0.15%)

• South Korea's inflation in November experiences its fastest fall since October 2020, surpassing expectations.

South Korea to address "market inefficiencies" in its crackdown on short selling

• South Korea recently news enacted a ban on short-selling shares in the country.

South Korea's Industrial Output plunges in October, Retail sales slump

• Industrial output has fallen at its fastest m/m rate since December 2022

US and South Korea issue joint statement condemning North Korea's missile launches

• US and South Korea strongly condemn North Korea's missile launches, plan joint drills and exercises to address nuclear threats

Weekend - South Korea will ban short-selling shares - takes effect today, Monday

South Korea looking to Africa to secure graphite as China tightens export controls

US nuclear-capable B-52 bomber lands in South Korea for the first time