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Industry

Semiconductor export boom fails to lift consumer sentiment, linked industries

South Korea\'s semiconductor exports are setting monthly records, but consumer sentiment has not returned to early-year levels and spillover effects on related industries remain slow, raising concerns about deepening polarisation. August chip exports jumped to $46.8 billion, while the consumer sentiment index fell to 104.5. Non-chip exports rose only 18.0 percent in January to August. The Bank of Korea cited stock market adjustments and accumulated inflation burdens as factors.

Finance

Base rate raised twice, but loan rates move differently by product

The Bank of Korea has raised its policy rate twice in a row, but loan rates are moving at different speeds depending on the product. Variable-rate mortgages are typically linked to COFIX, while fixed and mixed-rate mortgages follow market rates such as bank debentures. Existing variable-rate borrowers also see changes only when their repricing cycle arrives. COFIX has risen for four straight months, while longer-term market rates can move earlier on policy expectations.

Finance

MyData market expands as Korea faces impact of consecutive base rate hikes

Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.