The price of Apple’s new iPhone 14 is expected to rise compared to the previous version. Based on the minimum capacity, it reaches 1.6 million won in Korean money.
Although Apple is scheduled to unveil the iPhone 14 line on the 7th (local time), foreign media reported that the price of the 14 Pro model will rise by $100 (about 136,840 won) from last year.
The Wall Street Journal (WSJ) reported on the 5th that the iPhone 14 Pro and Pro Max are priced at $1099 (about 1.54,860 won) and 1,199, respectively, in an article titled ‘An expensive iPhone is in the middle despite a decline in smartphone sales. ‘.It was expected to be USD (1,641,790).
The price of the iPhone 13 128GB model released last year in the United States was $799 for the base model, $999 for the Pro, $1,099 for the Pro Max, and $1,099 for the Pro Max. In the case of the iPhone 14, the 128GB base model sells for the same as the iPhone 13, but the Pro and Pro Max are expected to go up $100 each.
If this happens, the price difference between the base iPhone model and the Pro model will widen from $200 to $300.
◆ The dollar exchange rate gained towards 1,400… “No brakes”
The win-dollar exchange rate exceeded 1,377 won, breaking a new high in just one day. Experts predict that the US dollar will remain strong until the outcome of the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve on the 20th and 21st (local time), so the exchange rate will soon reaching 1,400. The possibility is increasing.
According to the Seoul Foreign Exchange Market on the 6th, the won-dollar exchange rate ended the day at 1371.7 won, up 0.3 won from the previous day. The exchange rate, which opened at 1,369 won, down 2.4 won from the previous trading day’s closing price, has fallen to 1364.5 won and appears to return the increase. This is the highest level since April 1, 2009 (1379.4 won), when the economy fell into recession due to the financial crisis that began in the United States.
The exchange rate has been setting new highs since the 31st of last month. In China, the dollar strengthened due to the lockdown of major cities due to the Corona 19, and the weakness of the euro due to disruptions in the energy supply from Russia also affects the so-called ‘super-dollar’ pattern.
Earlier, on the 2nd (local time), the Russian state gas company Gazprom confirmed a leak in the Nordstream 1 gas pipeline that supplies gas to Germany and other countries and announced that it would stop supplying gas until it is repaired.
◆[2022 GGGF] Prime Minister Han Deok-soo “Rapid movement in an ‘economic paradigm’ focusing on the private sector and the market”
Prime Minister Han Deok-soo presented the economic growth policy direction of the Yun Seok-yeol government, saying, “I will improve the constitution with a ‘productive economy’ and rapidly change the economic pattern to ‘private-led’ and ‘market -‘. focuses on sustainable economic growth.” he did
At the ’14th Good Growth, Good Jobs Global Forum (2022 GGGF)’ held at the Plaza Hotel in Seoul on the 6th, Prime Minister Han said, “Relentless creativity and creativity and giving ‘freedom to do business’ back, I believe it is the way to achieve innovation,” he said.
He continued, “We are already driving regulatory reform through the regulatory reform strategy meeting chaired by President Yoon Seok-yeol,” he said.
Prime Minister Han said, “The world economy is facing a big challenge right now,” he said. He emphasized, “In order to overcome the global crisis, it is a time when international cooperation is desperately needed, not a piecemeal response by one country.”
The tragedy of low fertility … In 2070, 100 working people support 117 elderly people
48 years later, 100 working-age populations in Korea were found to support 116.8 people aged 65 and over. Both the total dependency ratio and the old age dependency ratio are expected to rise to the highest levels in the world.
As the number of births decreases but the elderly population continues to increase, Korea’s population is expected to peak in 2020 and then fall below 40 million by 2070.
The National Statistical Office recently released ‘World and Korea Population Status and Forecasts Reflecting the Future Population Projection for 2021’ containing such information.
According to Statistics Korea, South Korea’s population will continue to decline from 52 million in 2022, reaching 38 million in 2070.
On the other hand, the world population will reach 7.97 billion in 2022, 2.2 times higher than in 1970, and is expected to increase to 10.3 billion by 2070.
Accordingly, the proportion of the working age population in Korea peaked at 73.4% in 2012 from 54.4% in 1970 and then decreased to 71.0% in 2022, 56.8% in 2040, and 46.1% in 2070.
The proportion of the elderly population in Korea is expected to increase to 17.5% in 2022, six times from 1970 (3.1%), and rise to 46.4% in 2070.
Considering that the share of the world’s elderly population will increase from 9.8% in 2022 to 20.1% in 2070, Korea’s share of the elderly population is more than twice as high.
◆ Individual workshop against foreign trade… KOSPI recovers 2410 points
The KOSPI index, which had been in a strong trend, recovered to the 2410 level. China’s will to stimulate the economy led to a market rebound while investor sentiment shrank ahead of a major event.
According to the Korea Exchange on the 6th, the KOSPI closed at 2410.04, up 6.36 points (0.26%) from the previous trading day. On this day, the KOSPI opened at 2,409.72, up 6.04 points (0.25%) from the previous day, and the index remained flat as trade battles between individuals and foreigners continued. Although individuals net bought 86.1 billion won, foreigners and organizations net sold 78.6 billion won and 14.3 billion won, respectively.
While investor sentiment has shrunk due to the Jackson Hole shock from the US, China’s will to stimulate the economy appears to have fueled individual buying sentiment.
Kim Seok-hwan, a researcher at Mirae Asset Securities, said before the opening day, “The People’s Bank of China announced a 200bp cut in the foreign currency reserve ratio and is actively responding to the protection of the foreign exchange market.” It will be favorable for the domestic stock market to confirm the will to continue the stimulus during the announcement,” he predicted.
On the same day, the KOSDAQ index also closed at 779.45, up 8.02 points (1.04%). Net individuals sold 110.3 billion won, while foreigners and net organizations sold 65.7 billion won and 55.3 billion won, respectively.
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