President Lee Jae-myung Holds Emergency Press Conference in Shanghai, Warns of Economic Damage from Anti-China and Anti-Korea Sentiments

President Lee Jae-myung Holds Urgent Meeting in Shanghai During China Visit

While on a state visit to China, President Lee Jae-myung held an emergency press briefing in Shanghai on the 7th. He strongly warned that anti-China and anti-Korea feelings are causing serious harm to the national economy. The update was broadcast live on KBS News Special.

Foreign Exchange Reserves Drop to 28-Year Low — Currency Market Reacts

The Bank of Korea announced that December’s foreign exchange reserves fell to $428 billion, marking the largest monthly decline in nearly three decades. Experts say this sharp drop is a fallout from efforts to stabilize the won. The USD/KRW exchange rate closed at 1,445 won, up 1.7 won for the day.

KOSPI Continues Rally — Major Securities Firms Raise Year-End Forecasts

The KOSPI index has risen for three straight trading days, signaling a strong rally. Yonhap Securities and Kiwoom Securities have revised their year-end target for the KOSPI upward, now expecting it to reach between 5,200 and 4,600 points. Meanwhile, the KOSDAQ declined slightly by 0.16%, closing at 955 points.

CES 2026 Kicks Off — Tech Stocks in Focus

The 2026 Consumer Electronics Show (CES) has officially started, drawing attention to major tech companies like NVIDIA, AMD, and Micron. There’s also speculation that the Dow Jones Industrial Average could break past 50,000 points. Analysis and coverage are ongoing on Korea Economic TV.

Seoul Hosts New Year’s Business Forum — Mayor Oh Se-hoon Delivers Keynote

On January 7th, Seoul Mayor Oh Se-hoon delivered his New Year’s address at the Seoul Business Forum held at the Korea Chamber of Commerce. He emphasized plans for economic revitalization and regional development. Photos and coverage are available from Hankyung.

• Key Economic Highlights:
• KOSPI: Rally continues, forecasts raised by securities firms
• Foreign reserves: $428 billion, the lowest in 28 years
• Exchange rate: Closed at 1,445 KRW/USD
• CES 2026: Tech industry trends to watch

These developments are attracting attention amid short-term economic uncertainties and global trade tensions. President Lee’s remarks focused on improving Korea-China relations and stabilizing the economy.