Boosted by trade and economic conditions, South Korea's consumer confidence in November reached an 8-year high.

In the month of November, the consumer confidence index in South Korea reached a new high in eight years. This growth was attributed to the trade agreement reached with the United States, which eased uncertainties regarding export prospects, and the economic growth in the summer also exceeded expectations. This growth came after two consecutive months of decline. South Korea's overall exports remained stable this year, benefiting from strong growth in semiconductor shipments (due to demand for artificial intelligence and data centers), despite the impact of increased tariffs by the United States on market sentiment. In late October, Seoul and Washington finally confirmed the details of the $350 billion investment plan, which is the core content of the agreement, aiming to reduce the tariffs imposed by the United States on South Korean goods to 15%. Earlier this month, both sides officially signed a memorandum of understanding, further easing trade uncertainties. The Bank of Korea will hold a rate-setting meeting on Thursday, at which it will announce the latest forecast data for this year and next year's economy and inflation. It is expected that they will also assess the financial stability risks posed by the continued rise in Seoul's apartment prices and decide whether to extend the current loose policy period based on this. Policy makers will also consider the better-than-expected economic growth in the third quarter, which may make them reluctant to take further monetary stimulus measures. South Korea's GDP grew by 1.2% in the third quarter from the previous quarter, higher than the market's expected growth rate of 1%. The Bank of Korea stated that a sub-index tracking housing price expectations decreased for the first time since July, dropping by 3 points to 119. This decrease was due to a slowdown in apartment price growth after the South Korean government implemented new restriction measures in October. Household debt expectations also decreased by 1 point to 98, the first decline since May.