South Korea’s Latest Virus Wave May Peak in August: JPMorgan
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South Korea’s latest wave of coronavirus cases might infect about 7,000 people through early November with net infections to peak by the end of August, according to a report from JPMorgan Chase & Co.
The outbreak will be smaller in scale than seen previously as testing and tracing have been strengthened with stricter social distancing rules in place, insurance analysts led by MW Kim wrote in the note dated Aug. 20. JPMorgan’s previous forecast in February that Korea’s virus cases in March may peak at 10,000 in its first wave proved to be about accurate: total infections were at 9,786 at the end of March and new cases fell after that.