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Finance
BOK deputy governor says time to consider rate hike as inflation faces strong pressure
Yoo Sang-dae (유상대), deputy governor of the Bank of Korea, publicly raised the possibility of a rate hike, saying it is time to consider stopping cuts and increasing rates. Speaking in Samarkand on May 3, he said growth has fallen less than feared since the Middle East war, while inflation has risen more than expected. He said inflation faces significant upward pressure and the possibility of a signal at the May 28 meeting remains open.
Industry
Overseas investment banks raise South Korea growth forecasts after surprise Q1 GDP rebound
Global investment banks have been raising their forecasts for South Korea\'s economic growth this year, driven mainly by a surprise rebound in first-quarter GDP. Bloomberg data show the average 2026 growth forecast from 42 institutions rose to 2.1% at end-April from 2.0% a month earlier. Individual institutions raised projections more sharply. Inflation forecasts also moved higher, with the average 2026 consumer inflation forecast from 38 institutions rising to 2.5%.
Games & Commerce
JoyCity to hold global closed beta test for Freestyle Football 2 on Jan. 30
JoyCity said on Tuesday it will begin a global closed beta test for Freestyle Football 2, a new soccer game being developed by its subsidiary Ure, on Jan. 30. The game is the next installment in the company’s Freestyle series and is targeting an official release in the first half of 2026. The test will run through Feb. 2 on Xbox and PlayStation to check core gameplay elements.