Korea Economic Daily

Wall Street is set to focus this week on progress in US-Iran peace talks and the health of the US labor market. Iran has faced deepening economic strain since the war began, with inflation surging and the rial weakening sharply against the dollar. Th

Kospi jumps 30.61% over the past month Market enters phase of easing short-term overheating Earnings-driven uptrend remains intact South Korea’s stock market is entering a phase of consolidation this week, from May 4 to May 8, after a sharp run-up, a

Reuters reports Iran’s latest negotiating proposal Trump says it was “not satisfactory” Iran proposed to the US that it first reopen the Strait of Hormuz and secure a ceasefire before moving to negotiations over its nuclear program, but President Don

‘We confiscated all the oil. It’s a very profitable business.’ President Donald Trump is facing controversy after calling the U.S. Navy’s seizure of vessels leaving Iranian ports an act akin to piracy. At an event in Florida on May 1, Trump referred

Government in talks with UK, France on multinational framework Also reviewing US-backed maritime coalition proposal South Korea is grappling with how to help ensure safe passage through the Strait of Hormuz. As it considers joining a multinational fo

Russia-Ukraine war nears World War I in duration, approaching the 10 longest interstate wars Russia-Ukraine war enters its 51st month One more month would make it longer than World War I The Russia-Ukraine war, which set off disruptions in energy pri

"Iran Loses $4.8 Billion to Sea Blockade" A U.S. sea blockade against Iran is tightening the squeeze on the country’s oil exports, a key source of revenue. Since the blockade began last month, 53 million barrels of Iranian crude have been stranded in

President Donald Trump said on May 1 that the U.S. will raise tariffs to 25% next week on passenger cars and trucks imported from the European Union, delivering the notice unilaterally on his Truth Social platform. Trump said the EU was not carrying

SpaceX IPO or ETF? Direct IPO access likely out of reach for Korean retail investors Korean space ETFs roll out ahead of the listing Interest is building among Korean investors as SpaceX, widely viewed as the biggest candidate for a global initial pu

Iranian Foreign Minister Abbas Araghchi claimed on May 1 that the Pentagon had understated the cost of the war with Iran. Araghchi, who is also part of Iran’s delegation for negotiations to end the war with the US, wrote on X that “the Pentagon is ly

AI infrastructure-related revenue surges Microsoft, Meta weaken on outlook concerns The S&P 500 and Nasdaq Composite both set fresh record highs again on May 30, lifted by gains in big tech after Alphabet and Amazon posted earnings that beat market e

Reddit, the largest online community platform in the US, paired strong first-quarter results with a sharpened pitch as a company that provides the human data needed for artificial intelligence, CNBC reported on April 30. Co-founder and Chief Executiv

U.S. Defense Secretary Pete Hegseth told a Senate hearing on May 30 that the 60-day limit under the War Powers Resolution does not apply for now because the war with Iran is under a ceasefire. Referring to the law that limits a president’s ability to

International oil prices climbed back above $120 a barrel, dragging major Asian emerging-market currencies to record lows and stoking inflation concerns. Bloomberg and Yahoo Finance reported on May 30 that June Brent futures on London’s ICE Futures E

Jerome Powell will step down as chair of the Federal Reserve on May 15, ending an eight-year tenure. Two themes defined the Powell era: the Covid-19 pandemic and central-bank independence. During President Donald Trump’s first term, Trump complained

Amazon, Microsoft and peers target up to $720 billion "AI demand is outstripping supply" Amazon.com Inc., Alphabet Inc., Microsoft Corp. and Meta Platforms Inc. all posted strong first-quarter revenue growth from a year earlier, driven by artificial

Russian Deputy Prime Minister Reaffirms Commitment to Cooperation Kazakhstan Also Dismisses Talk of a Chain Reaction Russia has reiterated that it has no intention of leaving OPEC+, the alliance of the Organization of the Petroleum Exporting Countrie

The yen fell past 160 per dollar on April 30, with Japanese Finance Minister Satsuki Katayama saying the time for “decisive action” was near. Katayama made the remark to reporters, Kyodo News reported. The comment signaled possible direct interventio

International oil prices surged as military tensions in the Middle East escalated again. Brent crude for June delivery rose 4.81% to $123.71 a barrel as of 2 p.m. Korea time on April 30 on ICE Futures Europe in London. It climbed as high as $126.41 i

Qualcomm Inc. said on April 29 it will ship data-center chips to hyperscaler customers this year, sending its shares up 13.46% in after-hours trading to $177. Chief Executive Officer Cristiano Amon made the announcement on a conference call after the

International oil prices surged as military tensions in the Middle East escalated again. Brent crude futures for June delivery on ICE Futures Europe rose 4.81% from the previous session to $123.71 a barrel as of 2 p.m. Korea time on April 30. Prices

Anthropic, the developer of the Claude artificial intelligence chatbot, is exploring a new funding round that would value the company at $900 billion, Bloomberg News and CNBC reported on April 29, citing unidentified people familiar with the matter.

Cloud Growth Drives Strong Results Meta, Alphabet Increase 2026 Infrastructure Spending Plans Amazon.com Inc., Alphabet Inc., Microsoft Corp. and Meta Platforms Inc. all posted stronger-than-expected first-quarter results, fueled by demand for artifi

The Kospi rose above 6,750 in early trading on April 24 to set a fresh intraday record, then trimmed its gains as foreign buying lost momentum. The benchmark was moving near 6,710 late in the morning. As of 11:10 a.m., the Kospi was up 24.28 points,

Iran is expected to send the US a revised proposal for negotiations soon, updating an earlier peace plan. CNN and other media reported on April 29, citing people familiar with the matter, that Iran could send the new proposal as early as this week th