◆ Korea-Uruguay draw… expectations subverted
The Republic of Korea national football team recorded a 0-0 draw with Uruguay in the first leg of the Qatar 2022 FIFA (Federation of International Football) World Cup Group H held at the Education City Stadium in Al Rayyan, Qatar. Although they did not get 3 points in favor of progressing to the round of 16, they managed to secure 1 point and secure a bridgehead for progressing to the tournament. Before the match, many experts said that Uruguay had an absolute advantage. In the FIFA rankings, Uruguay was ranked 14th and Korea ranked 28th, with a wide gap, and the national team’s record was inferior with 1 win, 1 draw and 6 losses. If the performance shown in Uruguay continues, there is hope that he will do well in Ghana on the 28th and Portugal on the 3rd of next month.
Another rise in base interest rates, lenders worry
The Bank of Korea raised the benchmark interest rate by another 0.25 percentage points. The base rate jumped from 0.5% per annum to 3.25% per annum for one year and three months since August last year. Although interest rates have skyrocketed rapidly, the increase in interest rates is expected to continue for now. This is because most members of the Bank of Korea’s Monetary Policy Committee have expressed the view that the final interest rate level is desirable at least 3.5% per annum. Even after the final rate is reached, it is unclear when rates will drop again. Rising interest rates will deepen borrowers’ troubles. This is because when the base rate rises, the cost of raising funds such as bank deposit rates rises, leading to higher lending rates as well.
◆Seoul housing prices down for the 26th week
The fall in house prices in Seoul once again recorded a ‘previous level’. According to the weekly apartment price trends published by the Korea Real Estate Agency, house prices in Seoul fell by 0.52% in the third week of November (21st). It broke the record for the biggest drop ever. Housing prices in Seoul have been falling for 26 consecutive weeks since the last week of May (30th). Nowon, Dobong, and Gangbuk (Noh, Do, Gang) lead the decline. Nowon-gu fell by 7.17% this year, Dobong-gu by 7%, and Gangbuk-gu by 5.61%. This is a level that has returned most of last year’s progress. It is an analysis that the reason for the fall in house prices is that concerns about falling prices along with rising interest rates continue.
◆ Kim Eui-gyeom’s ‘Cheongdam-dong Drinking Suspicions’ Raised Expression of Regret
Democratic Party of Korea member Eui-kyeom Kim expressed regret a month after raising suspicions of pro-drinking in Cheongdam-dong, including President Seok-yeol Yoon and Justice Minister Han Dong-hoon, during a parliamentary inquiry last month . This is because cellist A, who claimed to have seen President Yoon in a bar in Cheongdam-dong, recently stated in a police investigation that ‘it was a lie’. However, Representative Kim said that it is the job of a member of the National Assembly to receive information related to state affairs and confirm it in a state audit, and if he goes back to that day, he will ask the same question again. . The power of the people demanded the resignation of Congressman Kim.
Cloudy throughout the country, but gradually cloudy from the afternoon
Today, Friday, it will be mostly sunny across the country, but it is expected to gradually become cloudy from the afternoon. According to the Korea Meteorological Administration, it is expected to rain overnight in the metropolitan area, Yeongseo, Gangwon, and northern Chungnam. Precipitation is expected to be around 5mm. From the afternoon, it will gradually become cloudy across the country. The lowest temperature in the morning is 0 to 10 degrees, the highest temperature during the day is 13 to 21 degrees, and the temperature difference between day and night is very large, 10 to 15 degrees. The concentration of fine dust is expected to be poor in the metropolitan area, Sejong, Chungbuk, Chungnam, and Jeonbuk, and good to normal in other areas. Daejeon, Daegu, and Gyeongbuk are expected to be bad in the morning.
Lee Sang-ryeol, Hankyung.com reporter yisr0203@hankyung.com
.jpg?fit=300%2C300&ssl=1)
