Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Kim Seiwan, professor of economics at Ewha Womans University.
Professor Kim, thank you for joining us today.
U.S. stocks were up overnight on strength in the big tech companies. Despite the surge in coronavirus cases, the Nasdaq is at yet another all-time high. What's the story in the global markets?
Korean stocks today taking their cue from Wall Street. The KOSPI and the KOSDAQ strongly higher. Tell us about the local market.
With the U.S. having opened back up a bit in the past couple of months, demand for oil is back up. The price of gold, considered a safe haven, also continuing to rise though. What's going on here?
We see that in May, the number of low-income people in Korea increased by a hundred thousand. That's defined as those living on less than half the median income, but also depending on household size and other factors. Tell us about that statistic. It seems likely it'll rise as this goes on.
The pandemic's impact on the economy has prompted more young people in Korea to relocate to the capital to look for work. In March and April, the number was twice what it was a year earlier. What effect will this influx have on the economy, and what can be done to deal with it?