At a job interview for Starbucks Coffee Korea Co., Jeong Eun Suk watched two women break down in tears of joy at being given the chance to work. They had quit to raise children, a path in South Korea from which there are few ways back.
Nomura Holdings Inc., the most- accurate forecaster of Bank of Korea action in the past six months, is sticking with its outlook for interest-rate increases after Goldman Sachs Group Inc. predicted a cut.
The Bank of Korea kept its benchmark interest rate unchanged for an eighth straight month, citing strength in Asia’s fourth-biggest economy even as a weak yen threatens some industries competing with Japanese companies.
Goldman Sachs Group Inc. recommends selling the South Korean won and the most-accurate forecaster Scotiabank sees possible interest-rate cuts, as exporter earnings are wrecked by currency appreciation.
South Korea’s growth is poised to accelerate to the fastest since 2010, even as the central bank warned the won’s climb to the highest against the yen in more than five years threatens to damp exporters’ profits.
With North Korea escalating its threats to test a ballistic missile, South Korean President Park Geun Hye was conferring with Bill Gates on another pressing matter. Seated across from Microsoft Corp.’s billionaire co- founder on April 22 at a formal dining table in the Blue House, her official residence, Park picked the tech mogul’s brain about how to nurture entrepreneurs to keep the world’s 15th-largest economy humming.
South Korean stocks are beating bonds by the most in six quarters as foreign investors buy shares at the fastest pace on record and accelerating global economic growth increases the chances of monetary tightening.