Korea Macro Daily(Beta Mode)
KOSPI Climbs Ahead of Korea GDP Data
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| KOSPI | 6,747.95 | +3.56% |
| KOSDAQ | 753.34 | +0.49% |
| USD/KRW | 1,476.42 | -0.22% |
| Samsung | 260,500.00 | +0.58% |
| SK Hynix | 1,830,000.00 | -0.33% |
| Brent Crude | 93.88 | +3.15% |
| Gold | 4,135.00 | +1.57% |
| Bitcoin | 66,002.90 | -0.76% |
| Korea Short-term Rate | 2.54% | +0.00% |
| Korea Long-term Rate | 4.18% | +2.60% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Korea Long-term Bond Yield | Type: macro_line | 10Y Yield %: 4.181 (2026-06-01) | Range: 1.905–4.272 | Trend(6pt): 1.905,4.267,3.415,2.83,3.737,4.181 | Short-term Rate %: 2.537 (2026-06-01) | Range: 0.56–3.639 | Trend(6pt): 0.56,2.959,3.639,2.965,2.517,2.537
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| GDP Growth Quarter-over-Quarter Advance Estimate | 1.80 | 0.50 | 15:00 |
| GDP Growth Year-over-Year Advance Estimate | 3.80 | 3.30 | 15:00 |
- KOSPI jumped 3.56% to 6,747.95 as household wealth rose on housing rebound and equity gains.
- BoK plans September pilot for offshore won settlement network to expand international use of the currency.
- Long-term Korea bond yields hit 4.18% after 2.60% daily rise amid persistent inflation concerns.
Yesterday's Recap
Equity markets posted strong gains with KOSPI climbing 3.56% to 6,747.95 while KOSDAQ added 0.49% to 753.34. Samsung Electronics rose 0.58% to 260,500 won and SK Hynix slipped 0.33% to 1,830,000 won. The won strengthened 0.22% to 1,476.42 against the dollar as foreign investors bought local shares.
Korea’s 30-year bond yield reached a record high after climbing 2.60% to 4.18%, reflecting inflation worries. Household net assets per capita increased 9% in 2025, driven by housing recovery and KOSPI strength. No major data releases occurred on 21 July.
KRX activated a buy-side sidecar on KOSPI to manage the sharp advance. Nonfinancial firms saw net worth reduced by 1,005 trillion won despite the KOSPI rally due to valuation effects on liabilities.
The Day Ahead
Markets will focus on the Bank of Korea’s advance GDP estimates due at 15:00 ET. Quarter-over-quarter growth is expected at 0.5% versus 1.8% previously, while year-over-year growth is forecast at 3.3% against 3.8% prior. The prints will shape views on export momentum and domestic demand.
No Monetary Policy Committee members are scheduled to speak. Attention will also turn to any updates on the planned offshore won settlement pilot launching in September. Traders will monitor USD/KRW reaction to the data for signs of further volatility.
The Bank of Korea flagged that non-deliverable forwards are contributing to elevated exchange rates.
Other Economic Notes
Plans for overseas won accounts aim to support wider use of the currency in trade settlement. The 30-year bond yield spike underscores market concerns over sustained price pressures even as the base rate sits at 2.54%. Productive finance support totaling 383 billion won was announced through partnerships between NH Nonghyup Bank and the Korea Credit Guarantee Fund.
June CPI stood at 3.16% year-over-year, keeping real rates negative and supporting the case for measured tightening. Forward guidance continues to stress financial stability risks from rapid household wealth gains and elevated long-term yields.
