Korea Economic Daily

Full shutdown of Iranian ports and energy supply routes to begin at 11 p.m. today Tensions between the US and Iran around the Strait of Hormuz are reaching a peak, with more than 20% of global crude oil and natural gas shipments passing through the w

President Donald Trump acknowledged that international oil prices may not return to prewar levels by the Nov. 11 midterm elections. Reuters and other outlets reported on June 12 that Trump made the remarks in an interview with Fox News. Asked whether

Koo Yun-cheol, South Korea’s deputy prime minister and finance minister, said April 13 that the government is swiftly pushing a range of measures on prices, supplies, subsidies and international cooperation in response to the prolonged war in the Mid

Oil Prices Surge South Korea’s Kospi fell nearly 2% in early trading on April 13 after the collapse of US-Iran talks to end the war dented investor sentiment. As of 9:03 a.m., the benchmark Kospi had dropped 101.55 points, or 1.73%, to 5,757.32. The

Iranian Foreign Minister Abbas Araghchi said talks to end the war collapsed because of what he described as excessive US demands. Writing on X on June 13, Araghchi said Iran had been on the verge of an "Islamabad memorandum of understanding" before e

Trump Orders Immediate Maritime Blockade of Iran After Peace Talks Collapse Oil Surges Again, Fueling Market Volatility South Korean stocks are set to open lower on April 10 after a rebound driven by hopes for a Middle East ceasefire was undercut by

Two tankers headed through the Strait of Hormuz turned back after US-Iran talks aimed at ending the war collapsed, Bloomberg News reported. Bloomberg reported on June 12 that three tankers — Agios Fanourios I, Shalamar and Mombasa B — approached the

Iranian Foreign Minister Abbas Araghchi said in a post on X on June 13 that the U.S. appeared to have “learned nothing” from its talks with Tehran. Araghchi said Iran had negotiated with the U.S. in good faith to end the war during what he described

Hong Min-seong, Hankyung.com reporter mshong@hankyung.com

Markets Watch U.S.-Iran Ceasefire Talks Goldman Sachs, Wells Fargo Among Firms Reporting Results China to Release First-Quarter GDP on April 16 New York stocks this week, from April 13 to April 17, will likely be driven by how tensions between the U.

US-Iran marathon talks collapse Iran's refusal to forgo nuclear weapons derails deal Pakistan urged both the US and Iran to continue honoring their ceasefire commitments after talks in Islamabad aimed at ending the conflict collapsed, Deputy Prime Mi

NH Investment & Securities Sees Kospi at 5,400 to 6,200 This Week Brokerages expect the Kospi to make another run at 6,000 this week as markets swing with developments in negotiations to end the US-Iran war. The first round of talks ended without a d

Room for More Negotiations Appears to Remain US Says It Could Not Confirm Iran’s Pledge to Abandon Nuclear Arms Washington Leaves Behind Its “Final and Best Offer” Tasnim Blames Failure on “Excessive” US Demands Wide Gaps in Positions Point to Diffic

Lee Seul-gi, Hankyung.com reporter seulkee@hankyung.com

Liberia-, China-Flagged Tankers Take Iran-Designated Route Three very large crude carriers, or VLCCs, exited the Persian Gulf through the Strait of Hormuz on July 11, the first such passage since the US and Iran declared a ceasefire, Reuters reported

Lee Seul-gi, Hankyung.com reporter seulkee@hankyung.com

Overnight ceasefire talks between the US and Iran were paused early Sept. 12 after a 14-hour marathon session. Iran said the two sides still have differences but will continue negotiations. The US had not commented as of publication. Iran's governmen

May Is Tax Settlement Month for Korea’s Retail Investors in Overseas Stocks File Last Year’s Gains, Then Use an RIA to Cut Next Year’s Tax Bill The deadline to file capital gains taxes on profits from overseas stock investments earned last year is no

White House Says Vice President Vance Meets Pakistani Prime Minister Sharif Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

Memory-chip prices are rising faster than brokerages expected SK Hynix profit forecasts raised 12% in three days after Samsung earnings KB Securities sets 1.9 million won target price for SK Hynix Brokerages are steadily raising their target prices f

Average fuel prices at gas stations across South Korea rose again on the second day of the government's third fuel price cap, though the pace of increases slowed from a day earlier. Consumer prices at the pump remained on an upward trend. Data from O

Jang Ji-min, guest reporter at Hankyung.com

"The trend is your friend, but if you want that friendship to last, you need the discipline to monitor returns every day." Edward Egilinsky, Direxion’s head of global sales, distribution and alternatives, offered that advice in an April 10 interview

Online fandom forms ‘Neukgu’ coin trades Search enters third day No major breakthrough Neukgu, a 2-year-old male wolf that escaped from the safari at Daejeon O-World on June 8, has become a talking point at home and abroad. Online communities oversea

South Korea’s pension funds, among the biggest players in the domestic stock market, have turned into heavy sellers on the Kosdaq this month. They dumped most of what they bought in the first quarter in just 10 days, underscoring a broader rush for t

Oman has publicly opposed any move to charge ships transit fees for passing through the Strait of Hormuz, as Iran weighs such a measure. The two countries are also working on a new protocol to monitor vessel traffic through the waterway. Al Jazeera a

Bank of Korea Governor Rhee Chang-yong said on July 10 that it is preferable not to respond to temporary supply shocks with interest-rate adjustments, given policy lags. Rhee spoke after the Bank of Korea’s Monetary Policy Board held the benchmark in

The South Korean government has put in place a system to tax income from virtual assets such as cryptocurrencies, but large gaps in its ability to track overseas holdings make the levy effectively unworkable, according to Song Eon-seog, floor leader

Spot Oil Prices Hit a Record High as Supply Crunch Deepens President Donald Trump said on June 9 he was “very optimistic” about the chances of reaching a peace agreement with Iran. In a phone interview with NBC News, Trump said Iran’s leaders speak v