00:03korea central bank just did something it's only done three times before back-to-back rate hikes
00:10two months running three percent is the new floor not the ceiling and half a world away
00:17a korean chipmaker just broke ground on a four billion dollar bet on american soil
00:23two very different moves one underlying story it's friday august 28th let's get into one
00:29of korea's top economic stories today the bank of korea's rate call comes after inflation proved
00:36stickier than expected this summer governor shin hyun song called the move a deliberate signal to
00:42markets not routine housekeeping at the same time korean firms are racing to lock in access to the
00:49u.s market before trade and chip politics get more complicated here's what the numbers show
00:55the bank of korea raised its base rate to 3.00 percent up 0.25 percentage points the second
01:03straight hike pushing borrowing costs to their highest level since february 2025 the bank also
01:10lifted this year's growth forecast to 3.3 percent a 0.7 percentage point jump and raised next year's
01:17outlook to 2.9 percent from 2.1 percent sk hynix broke ground on a four billion dollar about 5
01:26.4
01:26trillion won advanced packaging plant in indiana its first hbm production base in the united states
01:34employing roughly 1 000 workers next generation hbm mass production there starts in the second half of
01:412029 once the clean room finishes in october 2028 meanwhile shoppers filled all 1 000 slots for a
01:50running race inside starfield suwon's empty mall in just 10 minutes flat a small sign of how spending
01:57habits are shifting toward experiences so what does this mean for korean and global readers earlier we
02:04said this was two very different moves tied to one story here's what that actually means for you
02:10korea is tightening at home to keep inflation in check while doubling down abroad to keep its chip
02:17supply chain close to its biggest customer both moves are about control over prices at home and over
02:25where the next decade of chip demand gets built watch the bank of korea's october and november meetings
02:31for signs the tightening cycle is ending watch sk hynix's indiana clean room completion due october
02:382028 watch whether more korean retailers turn empty space into experience-driven events
02:46that's today's ai prism front page daily this episode was produced with ai assistance based on seoul
02:53economic daily reporting and reviewed by a human editor ai prism is a won ifra award-winning series
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