Korea Economic Daily

Headline inflation higher than expected, core inflation unchanged from the previous month The eurozone's inflation rate for August rose by 2.1%, exceeding expectations. On the 2nd (local time), Eurostat, the statistical agency of the European Union (

It was confirmed that the train carrying Kim Jong Un, chairman of North Korea's State Affairs Commission, arrived in Beijing, China on the 2nd. On the 2nd, Yonhap and foreign media reported that Kim's special train, which set out on his '5th visit to

Gold tops $3,500 per ounce intraday, silver surpasses $40 per ounce Demand rises in China, India as the dollar weakens Gold and silver prices hit record highs as expectations of a September rate cut in the U.S. and rising macroeconomic and geopolitic

Confirmation hearing for Financial Services Commission chair nominee Lee Eok-won Lee Eok-won, the nominee for Financial Services Commission chair, said that "definite safeguards are being put in place" during the process of institutionalizing stablec

Market bets on US rate cuts Gold and silver ETFs up around 5% in one week Dollar weakness and US Treasury yields decline Scarcity value fuels gold's rise "$4,000 per troy ounce possible" Gold and silver futures prices are rising. Views that the US ce

Confirmation Hearing for Lee Eok-won, Nominee for Financial Services Commission Chair Cited "market experience" as reason for holding foreign stocks Lee Eok-won, the nominee for Financial Services Commission chair, explained at the National Assembly'

Kim Woong, Deputy Governor of the Bank of Korea, said on the 2nd, "The September inflation rate will rise to around 2% as temporary downward factors disappear." The deputy governor made the remark at a meeting to review price developments at the Bank

President Lee "Must be the first government to reverse the decline in the potential growth rate" Oh Se-sung Hankyung.com reporter sesung@hankyung.com

SK Telecom's policy to lower telecom fees led to the smallest rise in consumer prices in nine months in August. Statistics Korea said on the 2nd that the August consumer price index was 116.45, up 1.7% from a year earlier. It is the smallest increase

◆ 'Gold rally' on rate-cut hopes With U.S. markets closed for Labor Day (Labor Day·the first Monday of September) on Sept. 1 local time, expectations of a policy rate cut pushed gold futures prices to an all-time high. On the New York Mercantile Exch

MicroStrategy share ownership revealed Lee Eok-won, the nominee for Financial Services Commission chair who had expressed a skeptical position on the value of virtual assets, was reported to have owned shares of MicroStrategy, the world's largest Bit

Silver prices hit highest in 14 years "Why?" $40 per ounce for the first time since 2011 The international price of silver has exceeded $40 per ounce for the first time since 2011. The reason for the rise in silver prices is that expectations of a ra

"Prosecutors, it's not a knife to wield as you please" A verdict of not guilty has been finalized for Kim Nam-guk, Secretary for National Digital Communication at the Presidential Office, who was tried on charges of falsely reporting assets to the Na

Summit: building an anti-U.S. coalition "Lending 10 billion yuan to member states" Chinese President Xi Jinping officially proposed the establishment of a security response agency and a development bank at a Shanghai Cooperation Organization (SCO) su

Ruling party and government discuss reorganization plan for economic ministries Policy functions likely to be transferred to the Ministry of Economy and Finance It was confirmed on the 1st that the government and the ruling party have apparently sett

It was analyzed that South Korea's economic growth rate would fall significantly due to 'uncertainty' stemming from U.S. pressure to impose tariffs. Even if tariffs are not actually imposed, growing uncertainty adversely affects consumption, investme

August exports increased by 1.3% compared with last year, continuing a year-on-year increase for three consecutive months. Exports of semiconductors, the largest export item, posted record-high results. The Ministry of Trade, Industry and Energy anno

Recently, as discussions on digital currencies and stablecoins at home and abroad have rapidly spread, experts gathered in one place to review the financial environment and policy responses. Attendees emphasized that technological innovation, financi

Exchange rate·Bonds Last week the won–dollar exchange rate closed at 1,389 won 80 jeon, down 2 won 20 jeon in night trading on the 30th. Samsung Electronics paid out its quarterly dividend, and on the 27th during trading it exceeded 1,394 won and cam

New York markets are expected to be on edge this week ahead of employment data releases. These indicators are seen as a key variable in gauging whether the U.S. central bank (Fed) will cut interest rates. The nonfarm and manufacturing employment figu

The Iran-backed Houthi rebels in Yemen said the prime minister was killed in an Israeli airstrike and vowed retaliation. On the 30th (local time), according to Reuters and others, the Houthis announced that Prime Minister Ahmed Ghalib Alawi and sever

A U.S. court upheld a ruling in the appeals court that President Donald Trump's executive order imposing reciprocal tariffs was illegal. The Trump administration said it would immediately appeal to the Supreme Court. The U.S. Court of Appeals for the

Invited about 30 financial analysts Shared management issues and growth strategies Emphasized stablecoin, AI, ERP "A core driving force that creates new value" Jin Ok-dong, chairman of Shinhan Financial Group (photo), expressed his intention to activ

It remains to be seen whether the KOSPI index will break out of its trading range in the first week of September (Sept. 1~5). This is because policy momentum could grow again during the regular National Assembly session. In addition, employment and i

"Some ports and airspace closed" Türkiye has completely halted trade with Israel in response to Israel's war in the Gaza Strip and has banned Israeli ships from calling at its ports. On the 29th (local time), according to Reuters, dpa and other outle

Appeals court ruling that halts Trump's tariff policy Points to IEEPA authority abuse…Constitution assigns taxation authority to Congress Base tariffs invalidated…product tariffs maintained A U.S. federal appeals court ruled late on the 29th (local t

Alibaba unveils self-developed AI chip…attempt to replace Nvidia China's big tech accelerates AI semiconductor competition with government support MetaX, Cambricon and others release alternative chips and see sharp earnings increases Chinese big tech

Trump "Still in effect" intention to appeal The U.S. Court of Appeals for the D.C. Circuit ruled that many of the tariffs imposed by President Donald Trump's administration were illegal. Reuters reported on the 29th (local time) that the U.S. Court o