2025年7月，韩国零售额环比飙升2.5%，高于6月修正后的0.7%的增长，标志着两年多来增长最快。各类别销售额均有所增长，其中耐用品（+5.4%），如电信设备和电脑，半耐用品（+2.7%），包括服装和娱乐用品，以及非耐用品（+1.1%），例如食品、药品和文具。零售额是衡量私人消费的关键指标，可以洞察消费者行为和更广泛的经济情绪。

South Korea’s retail sales surged 2.5% month-over-month in July 2025, accelerating from a revised 0.7% increase in June and marking the fastest growth in over two years. Sales rose across categories, led by durable goods (+5.4%) such as telecommunications equipment and computers, semi-durable goods (+2.7%) including clothing and recreational items, and non-durable goods (+1.1%) such as food, pharmaceuticals, and stationery. Retail sales are a key gauge of private consumption, providing insights into consumer behavior and broader economic sentiment.

2025年7月，韩国工业生产环比增长0.3%，低于6月向上修正的1.7%的增长，也低于市场预期的0.5%。汽车（-7.3%）和半导体（-3.6%）产量大幅下降，拖累了产出，尽管整体制造业仍小幅上涨0.2%。电子元件（+20.9%）和机械（+6.5%）涨幅强劲。7月份工业生产同比增长5%，高于6月份的1.6%。

South Korea’s industrial production grew 0.3% month-over-month in July 2025, easing from an upwardly revised 1.7% increase in June and falling short of market expectations of 0.5%. Output was weighed down by sharp declines in automobile (-7.3%) and semiconductor (-3.6%) production, though overall manufacturing still edged up 0.2%. Strong gains were seen in electronic components (+20.9%) and machinery (+6.5%). On a yearly basis, industrial production jumped 5% in July, accelerating from 1.6% growth in June.

周四，韩元兑美元汇率升至1390左右，延续了前一交易日的涨势，这得益于韩国央行决定将基准利率保持在2.50%不变，以及美元持续疲软。在周四的政策会议上，央行保持了谨慎的立场，在最近的监管规定后监测家庭债务和房地产市场，同时权衡政府刺激措施和外部风险，如美国关税和美联储的潜在举措。普遍预期会维持利率不变，几乎没有新的动力，而韩元的上涨在很大程度上是由美元疲软推动的。美联储官员的鸽派言论加强了9月份降息的押注后，美元下跌。在国内方面，央行还将2025年GDP增长预测上调至0.9%，这表明对经济持谨慎乐观态度，同时根据金融稳定和全球状况，保持今年晚些时候降息的可能性。

The South Korean won rose to around 1,390 per dollar on Thursday, extending gains from the previous session, supported by the Bank of Korea’s decision to keep its base rate unchanged at 2.50% and continued weakness in the US dollar. At its policy meeting on Thursday, the central bank maintained a guarded stance, monitoring household debt and property markets after recent regulations, while also weighing government stimulus and external risks such as US tariffs and potential Fed moves. The rate hold was widely expected, offering little new momentum, while the won’s gains were largely driven by softness in the US dollar. The greenback retreated after dovish remarks from Fed officials reinforced bets of a September rate cut. On the domestic side, the central bank also raised its 2025 GDP growth forecast to 0.9%, signaling measured optimism for the economy while keeping open the possibility of future rate cuts later in the year depending on financial stability and global conditions.

周四，基准韩国综合股价指数上涨0.24%，至3194点左右，连续第二个交易日上涨，汽车和金融股领涨，起亚公司（2.90%）、现代汽车公司（1.59%）、新韩金融集团（0.76%）、韩亚金融集团（0.49%）和KB金融集团（0.46%）涨幅显著。尽管投资者仍持谨慎态度，但货币决定为市场提供了明确的信息。韩国央行将基准利率维持在2.50%，平衡了金融稳定风险和宏观经济支持。这一决定反映了央行遏制家庭抵押贷款债务快速积累的意图，同时留出时间评估最近实施的财政刺激措施的传导效应。在另一项举措中，韩国央行将其2025年GDP增长预测从1.8%下调至0.9%，理由是势头弱于预期，这一发展对更广泛的市场情绪和有限的上行收益构成了阻力。

The benchmark KOSPI rose 0.24% to around 3,194 on Thursday, rising for a second session as autos and financials led the charge with notable gains from Kia Corporation (2.90%), Hyundai Motor Company (1.59%), Shinhan Financial Group (0.76%), Hana Financial Group (0.49%), and KB Financial Group (0.46%). While, investors remain cautious, the monetary decision provided clarity among markets. the Bank of Korea maintained its base rate at 2.50%, balancing financial stability risks against macroeconomic support. The decision reflects the central bank’s intent to curb the rapid accumulation of household mortgage debt while allowing time to evaluate the transmission effects of recently implemented fiscal stimulus measures. In a separate move, the Bank of Korea revised down its 2025 GDP growth forecast to 0.9% from 1.8%, citing weaker-than-expected momentum—a development that served as a headwind to broader market sentiment and limited upside gains.