One quadrillion is the number used to describe the wealth effect of South Korea's stock-market miracle

Korea's stock market has more than doubled this year, creating an estimated wealth effect of up to KRW 43 trillion ($28 billion) under an optimistic scenario. The article points to a positive spillover for household sentiment and spending, though it is still a scenario-based estimate rather than a confirmed economic result.

Analysis

Korea's stock market has more than doubled this year, creating an estimated wealth effect of up to KRW 43 trillion ($28 billion) under an optimistic scenario. The article points to a positive spillover for household sentiment and spending, though it is still a scenario-based estimate rather than a confirmed economic result.