The Korea Development Institute (KDI) has revised South Korea's economic growth forecast for this year from 2.2 percent to 2.6 percent. The upward revision is attributed to the significant increase in semiconductor-centered exports. The KDI stated that there is no need for South Korea to closely follow the monetary policy of the United States and proposed proactive interest rate cuts based on the outlook of price stability. The head of the KDI's economic outlook office emphasized that South Korea's monetary policy is a decision made independently, and the most important factors are the South Korean economy and prices. The KDI also addressed concerns about capital outflows, stating that the likelihood of disruption in the financial market and blockage of normal credit channels is low. They emphasized that foreign exchange market instability or capital outflows cannot be simply attributed to differences in interest rates [cc518048] [7eee07ed].