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Telecommunications & Media
LG Uplus builds broadcast circuit for North America World Cup to boost stability over 14,000 km
LG Uplus is building an international broadcast relay circuit linking North America to South Korea ahead of the 2026 FIFA World Cup. It will provide dedicated relay lines to domestic host broadcasters during the tournament starting on June 11. The company will diversify undersea cable routes over about 14,000 km into six lines, distribute content to two domestic hubs, and apply hitless protection technology. It is also preparing internet-based SRT and wireless MNG backups.
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%.
