Korea Economic Daily

Today was a tense day for Korean journalists in Washington as well. The summit held at the White House had a friendlier atmosphere than expected. Although the schedule started about 30-40 minutes later than planned and there were some tense moments d

NVIDIA Earnings Announcement: The Biggest Event This Week Friday's PCE Data Likely to Show an Increase Last Friday, after Federal Reserve Board Chair Jerome Powell hinted at a possible rate cut next month, U.S. stocks surged, but on the 25th (local t

On the 25th (local time), ahead of the Korea-U.S. summit, the Presidential Office announced, "We will elevate the tariff negotiation to the summit level to achieve stabilization of economic and trade relations, and discuss the modernization of the se

BNP shifts from 'hold rates this year' to expecting two cuts in September and December BofA: 'Cutting rates without further weakening in employment would be a mistake' Wall Street banks, which had previously expected no rate cuts in September, are no

Donald Trump, President of the United States, stated on the 25th (local time), about three hours before the South Korea-U.S. summit, that it seems like a "purge or revolution" is happening in Korea. President Trump, in a post on the social networking

Trump also posts: "Will do more transactions like this" "There is also an aspect of onshoring manufacturing through tariffs" Kevin Hassett, White House economic advisor, stated on the 25th (local time) that the government’s purchase of Intel shares i

"Could Threaten Countries' Inflation Management as a Dangerous Precedent" "Instability of U.S. Treasury Bonds May Lead to Market Turbulence" Central bank governors around the world, witnessing the Federal Reserve Board—which had long prided itself on

The summit between President Lee Jae-myung and U.S. President Donald Trump will begin at 12:15 p.m. on the 25th. In Korean time, this is 1:15 a.m. on the 26th. The agenda is expected to include U.S. Forces Korea, shipbuilding, and investments in the

Chinese stock market expected to reach highest level since mid-2022 US stock futures slightly down amid anticipation for this week's Nvidia earnings Driven by positive sentiment from Jackson Hole and expectations regarding Chinese internet company po

34th Anniversary of Ukraine's Independence...Zelensky: 'No Humiliating Compromises' NATO Member States Continue Arms Support Canada to Provide Weapons Worth ₩1 Trillion Norway, Alongside Germany, to Support with Air Defense Missiles Russia-Ukraine Su

With the government's fiscal policy turning toward 'expansionary finance,' the total government expenditure for next year's budget is expected to increase to around ₩730 trillion. While the Yoon Seok-youl administration focused on tightening belts an

Vice Chairman Kwon Dae-young meets with Vietnamese Deputy Minister of Finance Follow-up measures to the Korea-Vietnam summit The Financial Services Commission discussed strengthening capital market cooperation with the Ministry of Finance of Vietnam.

Pressure to unwind 'yen carry trade' funds, which have been a hidden engine of global liquidity for decades, is rising. Recently, the probability of a US Federal Reserve (Fed) rate cut has remained above 70%. Conversely, the Bank of Japan (BOJ) has h

Yoo Dong-soo (Ruling Party), Top Crypto Holder with 360 Million KRW Yoon Sang-hyun (Opposition), 30% Profit on Tech Stock Investments 'Stock King' Ahn Cheol-soo Holds 129.6 Billion KRW Son Myung-soo Profits from Rapidly Rising Domestic and Foreign St

President Lee Jae-myung arrived in Washington, D.C., United States, on the 24th (local time). On the 25th, President Lee will hold his first Korea-U.S. summit with President Donald Trump. This comes 82 days after President Lee's inauguration. After h

Weight given to speculation of Fed rate cut in September High PCE could become an obstacle AI bubble theory could be determined by NVIDIA earnings The main focus for investors on the New York stock market this week is the Personal Consumption Expendi

NH Investment & Securities: "KOSPI Expected to Fluctuate Between 3000 and 3280 This Week" Brokerages forecast that the KOSPI index could experience heightened volatility this week (25th–29th). Although positive momentum such as the South Korea–United

A report has been released stating that U.S. President Donald Trump’s tariff hikes could reduce the U.S. fiscal deficit by $4 trillion (₩5,539 trillion) over the next 10 years. According to Reuters on the 22nd (local time), the Congressional Budget O

The three major New York indexes rallied unanimously as Jerome Powell, Chair of the Federal Reserve (Fed), made comments boosting expectations for a rate cut. On the 22nd (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Av

On the 22nd (local time) in Jackson Hole, Wyoming, USA, ahead of Fed Chair Jerome Powell's keynote speech at the symposium, the atmosphere at the venue was notably tense. The Jackson Hole Symposium is held annually in late August near the scenic Gran

Jackson Hole Meeting Keynote Speech "Inflationary impact from tariffs is short-term Policy direction may need adjustment" Stock market opens higher on dovish comments Jerome Powell, Chairman of the Fed, signaled a shift towards a rate cut on the 22nd

A tone of caution regarding interest rate cuts continues at the US central bank (Fed). In the market, there are increasing opinions that a September rate cut is far from certain. According to the Chicago Mercantile Exchange (CME) FedWatch on the 22nd

Ministry of Strategy and Finance and Bank of Korea to promote blockchain pilot project Transfer via smartphone 'e-wallet' Can prevent misuse of ₩112 trillion in subsidies Strict restrictions on where recipients can spend funds Save on fees and reduce

U.S. President Donald Trump is attempting to mediate and arrange a summit between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, but both sides remain far apart in their views. Russian Foreign Minister Sergey Lavrov emp

Ethereum, Ripple Also Decline Impact of Lowered Expectations for US Rate Cuts The price of Bitcoin (BTC) has remained weak for a week, dropping to just above the $110,000 mark. Concerns are growing that the Fed may not cut the key interest rate next