Overview

• South Korea’s composite consumer sentiment index jumped to 108.7 in June, marking its highest reading since June 2021, the Bank of Korea reported.
• Officials linked a 6.9-point rise from May to eased uncertainty following the June 3 presidential election.
• The government has proposed a second supplementary budget exceeding 20 trillion won after a 13.8 trillion-won package was approved in May.
• Bank of Korea official Lee Hye-young said that parliamentary approval of the new stimulus measures is expected to sustain positive consumer sentiment.
• Policymakers warn that shifts in U.S. tariff policy and the ongoing Middle East conflict could pose downside risks to future confidence.