Today's News on December 20

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- On December 20, the Korean won/US dollar exchange rate surpassed 1,450 won for the first time in 15 years, and KOSPI showed a decline. This is attributed to the increased value of the dollar following the US Federal Reserve's hawkish interest rate cut, which negatively impacted the domestic stock market. - According to 2023 data, Ulsan had the highest average salary by region at 49.6 million won. In terms of city/county/district units, Dong-gu, Incheon had the highest at 70.14 million won. - Robert Kiyosaki, author of the bestseller 'Rich Dad Poor Dad,' predicted that Bitcoin prices will surpass 350,000 dollars next year and announced plans to increase Bitcoin's proportion in his portfolio. - According to a survey by the Korean Federation of Business Leaders, more than half of the public (53%) plans to reduce consumer spending next year. This is attributed to constrained consumer sentiment due to high inflation, increased household debt, and high interest rates. - As of the end of last year, the average debt per self-employed individual was calculated at 180 million won, and the delinquency rate reached a record high since statistics began being recorded due to high interest rates.

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