Woofun AI data shows that South Korea's headline inflation is projected to surpass 3% for a second consecutive month, with the median forecast of seven economists placing the June Consumer Price Index at a 3.2% year-on-year increase. This figure represents an acceleration from the 3.1% rise recorded in May, while the monthly CPI is anticipated to grow by 0.1%, down from 0.5% in the prior month.

DBS Group economist Ma Tieying attributes the sustained pressure to accumulating raw material costs and the depreciation of the Korean won. He anticipates the Bank of Korea will implement an interest rate hike in July, followed by another increase in the fourth quarter.