Time now for an in-depth look at the market news on this Friday. And for that, I'm joined on the line by Dr. Kim Seiwan, professor of economics at Ewha Womans University. Dr. Kim, thank you for coming on today. Thank you. Yesterday, China's ministry of commerce said it has reached an agreement with the U.S. to gradually withdraw the tariffs they've put on each other. Does that mean they have in fact reached their phase one deal? This trade war has most certainly had a negative impact on Korea's economy. Do you think this gives us a little room to breathe now? This week it's not just U.S. stocks reaching new highs but Japanese stocks setting records too. The KOSPI however, has been more subdued. Why is that? This week, Standard and Poors decided to keep its sovereign credit rating for Korea at double A, its second-highest level. The risk of default also at the lowest level. But at the same time, the Korea Development Institute expects the economy to continue to stagnate for some time. Why do they say that, and what's your outlook in the near term? The IMF has cut its growth forecast for the Eurozone by the most in seven years. Is the situation as serious as that, and if so, how might that affect Korea? Alright, Dr. Kim. Thanks for helping us look further into these issues. We appreciate it, as always.
