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As you can see, we are currently in a situation where the high exchange rate, high interest rate, and high inflation are all three things.

The common people are closing their wallets, and businesses are being hit hard, but the way out is hard to see.



Reporter Hoon-Kyung Jang listened to the voice of the scene.



<Reporter> This



is the nation's largest used machinery distribution complex located in Siheung, Gyeonggi-do.



These are companies that buy used machines, work on them, and then sell them at home and abroad.



As more and more factories go out of business, machines are bought at a bargain price, but it is not easy to resell them.



Some are not working or are closed altogether.



Used grinding machines.



It was on sale at half price, but it hasn't been sold for over a year.



[Representative of this performance/used machine sales company: It took two months or a month to cycle.

If you bring in a machine, you sell it and bring it back in business, but there is no (transaction) at all.]



In Korea, manufacturers with high prices and profit margins are not increasing their facilities, and Southeast Asian countries, which are major exporting countries, have greatly reduced purchases due to the high dollar. .



[Gil-hwan Ko/CEO of a used machine sales company: To buy a machine, we exchange it into dollars and send it to us.

But (the exchange rate is too high) I can't do it.

Unfortunately, I can't even go abroad (sales).] I



also went to the manufacturer.



A toilet paper company reported three months ago that it was struggling with rising raw material prices.



[SBS 8 News on June 28: The warehouse for raw materials that should be full is more than half empty.]



Now, three months have passed, and the raw material, natural pulp, has shrunk to half.



In the past, the natural pulp price, which rose by more than 20%, was a problem, but after the exchange rate exceeds 1,300 won, the import itself leads to losses.



[Uhm Jung-hoon / CEO of toilet paper company: Because the exchange rate fluctuates so much, the price of raw materials is too high.

It was difficult to maintain business continuity.] I



tried to change the industry to electric car parts manufacturing through the automation equipment developed with about 600 million won, but this time it was blocked by high interest rates.



[Uhm Jung-hoon/CEO of toilet paper company: Loan (required) Because (even prototypes) are produced and mass-produced, such costs are incurred.

Anxiety about interest rates...

.]



Six out of 10 manufacturing companies are already suffering from high interest rates.



The Bank of Korea warned that the number of marginalized companies unable to repay even interest with the money they earned from rising lending rates and exchange rates could surge.



(Video editing: Seung-Yeol Lee, VJ: Hyeon-Woo Park)



▶ Concerns about a vicious cycle of raising interest rates…

Possibility of 'currency swap'?


▶ US, 3 consecutive 'Giant Step'...

Won-dollar exchange rate exceeded 1,400 won