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Finance

KOSPI outlook after record highs: semiconductors, dollar and earnings in focus

South Korean stocks are extending a record-high run, keeping attention on factors likely to drive the market next. The market sees a semiconductor-led rally likely to continue for now despite near-term overheating concerns, but expects sector moves to diverge depending on the U.S. Federal Reserve’s policy rate decision, whether the dollar turns weaker and the direction of international oil prices. Investors are also watching the corporate earnings season for guidance.

Economy

Naphtha up 68 percent, ethylene up 61 percent as March producer prices post biggest rise in 4 years

South Korea’s producer prices rose at their fastest pace in nearly four years in March as international oil prices surged in the aftermath of the Iran war. The producer price index climbed 1.6 percent from February to 125.24, the biggest monthly rise since April 2022, and extended gains for a seventh straight month. Oil products and chemical items jumped, while farm and fisheries products fell and services were flat.

Finance

K Bank to start applications for high oil price relief payments on April 27

K Bank said it will accept first-round applications for the government’s high oil price relief payments in its app starting April 27. The support policy is aimed at easing household burdens stemming from rising international oil prices and higher living costs. Payments will range from 100,000 won to a maximum of 600,000 won per person depending on income level and area of residence. Applications will be expanded to the bottom 70 percent of income earners from May 18.