2025年6月，韩国制造业商业调查指数（BSI）降至70，低于5月创下的10个月高点73。这一下降归因于国内需求疲软和美国关税措施的持续影响。7月份的前景保持不变，为70，表明制造商持续悲观。与此同时，经济情绪指数（ESI）——结合商业情绪指数（BSI）和消费者调查指数（CSI）的综合指标——在6月份小幅上升至92.8，比上月上升0.6点。

South Korea's Business Survey Index (BSI) for the manufacturing sector fell to 70 in June of 2025, down from a 10-month high of 73 recorded in May. The decline was attributed to weak domestic demand and the lingering impact of US tariff measures. The outlook for July remained unchanged at 70, indicating sustained pessimism among manufacturers. Meanwhile, the Economic Sentiment Index (ESI)—a composite measure combining the Business Sentiment Index (BSI) and the Consumer Survey Index (CSI)—rose slightly to 92.8 in June, up 0.6 points from the previous month.

韩国央行在其半年度报告中警告称，首尔大都市区房价的持续上涨可能会加速家庭债务，并对韩国的金融稳定构成风险。尽管2025年初金融体系总体稳定，但韩国央行仍在密切关注首尔房地产价格的快速上涨，因为房地产价格对经济变化高度敏感。大都市和非大都市住房趋势之间的差距正在扩大，对多户住房的规定也将需求推向首尔的首选地区。政策制定者警告称，利率下降可能会加剧价格压力和家庭贷款，并表示首尔房地产市场相关的金融失衡风险最近再次上升。尽管风险指数仍低于新冠肺炎时期的水平，但韩国央行强调需要宏观审慎政策和对稳定住房供应的信心。

Persistent housing price increases in the Seoul metropolitan area could accelerate household debt and pose risks to South Korea’s financial stability, the Bank of Korea warned in its semi-annual report. Despite overall financial system stability in early 2025, the central bank is closely monitoring the rapid rise in Seoul real estate prices, which are highly sensitive to economic changes. The gap between metropolitan and non-metropolitan housing trends is widening, with regulations on multi-homeownership also pushing demand into Seoul’s preferred areas. Policymakers cautioned that falling interest rates may intensify price pressures and household lending, stating that the risk of financial imbalances related to the housing market in Seoul has recently risen again. While the risk index remains below COVID-era levels, the BoK stressed the need for macroprudential policies and confidence in stable housing supply.

周三，韩元兑美元汇率跌至1360左右，在6月24日宣布的停火协议的稳定性仍存在不确定性的情况下，从上一交易日的涨幅回落。市场进一步注意到，有报道称伊朗的核设施未受影响，这引发了人们对紧张局势可能再次爆发和停火持续有效性的持续猜测。投资者注意到摩根士丹利资本国际（MSCI）周三发布的年度分类审查，这增加了下行压力，该审查维持了韩国的新兴市场地位，没有被指定用于推进市场分类。这家全球指数公司强调了需要进一步发展的关键领域，例如改善韩元的离岸可兑换性，解决在岸外汇市场的持续限制，反映了该国为提高市场可及性所做的持续努力。

The South Korean won weakened to around 1,360 per dollar on Wednesday, retreating from the previous session's gains amid lingering uncertainty surrounding the stability of the ceasefire announced on June 24. Market attention was further drawn to reports indicating that Iran’s nuclear sites were unaffected, prompting ongoing speculation regarding the possibility of renewed tensions and the sustained effectiveness of the ceasefire. Adding to the downward pressure, investors took note of Morgan Stanley Capital International’s (MSCI) annual classification review released Wednesday, which maintained South Korea’s emerging market status and was not designated for advancement in market classification. The global index firm underscored key areas for further development, such as improving the offshore convertibility of the Korean won and tackling persistent limitations within the onshore foreign exchange market, reflecting the country’s continuing efforts to enhance market accessibility.

基准韩国综合股价指数周三上涨0.3%，至3110点左右，延续了其最近的涨势，受到汽车制造商和科技股强劲上涨的推动。现代汽车（Hyundai Motor）和起亚（Kia）股价上涨，因对全球贸易状况和出口前景持乐观态度，而芯片制造商延续涨势，反映出科技行业的强劲需求。在其他权重股中，三星电子（0.3%）和SK海力士（2.9%）上涨。地缘政治宽松后风险情绪的改善也进一步提振了投资者信心，并支持了广泛的股票流入。

The benchmark KOSPI rose 0.3% to around 3,110 on Wednesday, extending its recent rally buoyed by robust gains in automakers and technology stocks. Shares of Hyundai Motor and Kia advanced amid optimism over global trade conditions and export prospects, while chipmakers extended gains, reflecting strong demand in the tech sector. Among other heavyweights, gains were seen from Samsung Electronics (0.3%) and SK Hynix (2.9%). Improved risk sentiment, following the geopolitical easing also further lifted investor confidence and supported broad equity inflows.