South Korean Economy Seen at Good Position for Recovery: ANZ

The transcript discusses South Korea's economic outlook for 2021, highlighting its resilience despite COVID-19 challenges. It covers fiscal measures, potential government support, and the impact of the semiconductor industry on exports. The role of vaccination in achieving herd immunity and boosting domestic demand is also explored.

What factors contributed to South Korea's positive economic outlook for 2021?

• A decline in global demand for semiconductors

• A rise in domestic consumption and reduced exports

• A decrease in oil prices and increased tourism

• A strong end to the previous year and a vaccination campaign

Why might South Korea consider another round of cash handouts?

• To increase foreign investments

• To reduce the national debt

• To support businesses and manage growth uncertainties

• To boost the tourism sector

How does a stronger Korean won affect South Korea's export sector?

• It makes exports cheaper and more competitive

• It has no impact on the export sector

• It makes exports more expensive but less price-sensitive due to high value-added products

• It leads to a decrease in export volume

What is the expected growth rate for global semiconductor sales in 2021?

• 10%

• 12%

• 8%

• 5%

What is the target for South Korea's vaccination campaign by November 2021?

• 50% vaccination rate

• 80% vaccination rate

• 60% vaccination rate

• 70% vaccination rate