Korea Economic Daily

Citi posts its best quarterly performance in a decade as its turnaround gains traction JPMorgan gets a boost from fixed-income trading and investment banking JPMorgan Chase & Co., the world’s largest bank, reported first-quarter results that topped m

Trades near $74,000, up 10% since the war began Has outperformed gold and silver since the outbreak of war Sustained break above $79,000 needed for medium-term bullish view Bitcoin rose to a four-week high on June 14 as oil prices fell and global equ

AI Laggards Naver and Kakao Face Another Round of Target Cuts Brokerages Lower Their Price Views on Korea’s Internet Giants Expectations for Naver’s AI Businesses Have Faded Nine of 11 brokerages cut Naver target prices Kakao target lowered to 65,000

DEEP INSIGHT Optical communications, the future technology Jensen Huang has singled out “Even thousands of supercars will jam if the road is too narrow” Optical links target AI bottlenecks Faster AI chips alone are not enough Legacy networks are chok

U.S. and Iranian negotiators may resume a second round of ceasefire talks in Islamabad as early as later this week, despite a hard-line standoff over the possible closure of the Strait of Hormuz. Reuters, citing four local sources, reported on June 1

South Korean cryptocurrency exchange Coinone said on April 14 that it will launch promotions to broaden access to USDC on its platform. The decision followed a meeting between Coinone and Circle executives the same day. The companies met at Coinone's

Chip Heavyweights Lead Rally as SK Hynix Tops 1.1 Million Won South Korea’s Kospi touched the 6,000 mark during trading on July 14 before trimming gains to close at the 5,970 level. Hopes for backchannel talks between the US and Iran lifted investor

Intel comeback gathers pace as stock surges 58% in nine sessions First nine-day winning streak since September 2023 Intel Corp., which had been seen as falling behind in the global semiconductor race, has posted a sharp rally in recent sessions. Inve

Southeast Asian foreign ministers urged the US and Iran to resume negotiations to end the conflict and reopen the Strait of Hormuz as soon as possible. The joint appeal underscored growing concern that a prolonged Middle East conflict could disrupt e

South Korea’s Kospi index climbed back above 6,000 despite geopolitical risks, returning to that level 45 days after the U.S. invasion of Iran on Feb. 28. SK Hynix Inc. also rose to a new 52-week high. The benchmark index moved above 6,000 at about 1

Han Kyung-woo, Hankyung.com reporter case@hankyung.com

Future talks are entirely up to Iran US Vice President JD Vance said on June 13 that Washington concluded the Iranian delegation sent to Pakistan for ceasefire talks lacked the authority and ability to finalize an agreement. He added that any further

The Kospi regained the mid-5,900 range in early trading, supported by hopes that back-channel talks between the US and Iran are continuing. As of 9:05 a.m. on Aug. 14, the Kospi was up 138.63 points, or 2.39%, at 5,947.25 from the previous session. I

Trump Says Iran Is "Desperate" for a Deal CNN Says Ceasefire Could Be Extended Depending on Developments Back-channel talks between the US and Iran are continuing even after an initial round of ceasefire negotiations collapsed and Washington declared

US moves to block the Strait of Hormuz All three major New York indexes finish higher Markets grow numb to breakdowns and resumptions in talks The US, which had agreed to a two-week ceasefire with Iran, moved to block the Strait of Hormuz on June 13.

The three major US stock indexes all closed higher in New York, helped by hopes that US-Iran ceasefire talks were continuing behind the scenes after collapsing over the weekend. On June 13, the Dow Jones Industrial Average rose 301.68 points, or 0.63

Tightening the Squeeze on Iran’s Finances Trump Seeks Leverage Ahead of Peace Talks The US began blocking Iranian ports on June 13, a move aimed at tightening pressure on Tehran and gaining the upper hand in the next round of peace talks. On June 12,

“Warship access would violate the ceasefire; non-hostile vessels may pass if they follow the rules” “A US blockade of the strait would carry significant costs and risks” Iran said it would target all ports along the Persian Gulf coast if its own mari

Blockade to begin at 11 p.m. Korea time on April 13 Trump says ships that paid transit fees to Iran will be stopped Cutting off Iranian crude could intensify China’s competition in the spot market President Donald Trump said the US would block the St

Japan 10-Year Yield Hits Highest Since 1997 Odds of a US Rate Cut This Year Fall Below 20% Oil climbed back above $100 a barrel after peace talks between the US and Iran stalled and President Donald Trump ordered the closure of the Strait of Hormuz.

South Korean asset managers are rolling out a series of space-themed exchange-traded funds as they compete for local retail investors buying overseas stocks ahead of SpaceX’s planned June initial public offering. The products vary widely in how they

Circle CEO Visits South Korea Jeremy Allaire, founder and chief executive officer of Circle Internet Group, visited South Korea on April 13. Circle issues USD Coin, or USDC, the world’s second-largest dollar-based stablecoin. The company has been mee

Dunamu, a South Korean blockchain and fintech company led by Chief Executive Officer Oh Kyung-seok, said May 13 that it had signed a broad memorandum of understanding with Circle, the global internet financial platform headed by Chief Executive Offic

Long-term supply deals sought as shortages intensify Big Tech moves to lock in memory as competition for data-center infrastructure heats up Memory shortages are spilling into laptops and smartphones, driving up prices SK Hynix is moving to sign long

Bank of Korea governor nominee Shin Hyun-song identified rising inflation stemming from the war in the Middle East as the biggest monetary policy risk facing the central bank. In written answers submitted to the National Assembly for his confirmation

Kosdaq Turns Higher During Session Won-Dollar Exchange Rate Edges Up South Korea’s Kospi barely held above the 5,800 level on April 13 as investor sentiment weakened after US-Iran talks to end the war collapsed. The Kospi closed at 5,808.62, down 50.

Iran has emerged as a major player in the cryptocurrency market. Years of international sanctions and a sharp plunge in the rial have driven the regime to use digital assets to defend its currency and make payments. Blockchain analytics firm Chainaly

Citi report projects a 3.00% policy rate by year-end and inflation in the 2.8%-3.3% range through September The Bank of Korea is poised to raise its benchmark interest rate in July, according to a Citi report. The timing could be pushed back to early

Modetour said it has completed a proof-of-concept project for a stablecoin-based payment ecosystem with Vitoz, RingNet and Jeonbuk Bank. The company said April 13 that the project tested whether stablecoin payments could be applied to its travel prod