Live Updates > Live Update Details
2026-05-28 15:32:41
[Bank of Korea Raises 2026 GDP Growth Forecast to 2.6%; Governor Says Samsung Bonuses May Push Up Prices] ⑴ According to Yonhap News Agency, Bank of Korea Governor Shin Hyun-song stated on May 28 that if Samsung Electronics distributes bonuses, increased purchasing power will lead to expanded demand, potentially putting upward pressure on prices. ⑵ On the same day, the Bank of Korea released its "Economic Outlook Update," raising its forecast for South Korea's real GDP growth rate in 2026 from 2% to 2.6%. ⑶ Shin Hyun-song stated that the recent economic growth momentum is not a temporary phenomenon but will continue for a considerable period, adding that if the situation in the Middle East is resolved soon, the growth rate could be even higher. ⑷ Shin Hyun-song stated, "Whether the momentum of economic improvement can be sustained depends on how long the current semiconductor cycle can last. Since semiconductors are not commodities that can be increased in production in the short term, some believe that the semiconductor cycle will be quite long."
