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K Bank, an internet-only bank, announced on the 13th that it posted a net profit of ₩68.2 billion in the second quarter of this year. This represents a 96.3% increase compared to the same period last year (₩34.7 billion), marking the highest quarterl
Trump nominates economist E. J. Antoni as next head of the Bureau of Labor Statistics E. J. Antoni, the economist nominated by U.S. President Donald Trump as the next chief of the Bureau of Labor Statistics (BLS), argued that the publication of the B
Up 1.3% on upbeat US stock market Two straight days of record highs Surpasses 43,000 for the first time ever Nomura: "Expecting 45,000 by year-end" Warnings of 'overspeed'… "Better fasten your seatbelt" The Japanese Nikkei Index continues its upward
Lee Eok-won nominated as the new Chairman of the Financial Services Commission Veteran macroeconomics expert with a background as a senior economic bureaucrat Attorney Lee Chan-jin nominated as the new Governor of the Financial Supervisory Service...
President Lee Jae-myung will visit Japan ahead of his trip to the United States on the 24th, holding his first Korea-Japan summit with Japanese Prime Minister Ishiba Shigeru. On the 13th, presidential spokesperson Kang Yu-jung announced during a brie
President Lee Jae-myung nominated Lee Eo-kwon, a distinguished professor of economics at Seoul National University, as Chairman of the Financial Services Commission on the 13th. Lee Chan-jin, a lawyer, has been nominated as the new Governor of the Fi
Minseung Kim's ₿ficial Let's Create Jobs with Crypto Not long ago, even non-majors could become developers by learning coding at academies. For liberal arts students, becoming a developer was a beacon of hope. However, the situation is changing. It h
Approach as a Tool for Supply Chain Cooperation and Trade Policy Top Export to Japan, Petroleum Products, Already Has Low Tariffs Imports from Japan Will Increase, but Limited Impact on Exports Institutional Measures to Prevent Economic Conflicts Bet
Internet bank K Bank set a record for quarterly performance last quarter, posting net profits nearing ₩70 billion in Q2. Although interest income dropped by nearly 20%, increases in non-interest income and a decline in credit loss expenses improved r
Trump, Putin to Hold Summit Over Ukraine Issue North Korea Salutes 'Soviet Army Heroes' as Putin Congratulates on Liberation's 80th Anniversary Russian President Vladimir Putin reportedly spoke by phone with North Korean leader Kim Jong-un, sharing i
The KOSPI has been fluctuating around the 3,200 mark, giving up part of its earlier gains. As of 11:01 a.m. on the 13th, the KOSPI stands at 3,203.86, up 13.95 points (0.44%) from the previous day. Although it broke through the 3,220 level early in t
Death toll approaches 62,000 since the war… 227 have starved to death, including 103 children As Israel escalated the intensity of its airstrikes on the Gaza Strip, at least 89 Palestinians lost their lives in the past 24 hours. According to The Guar
Scott Besant, the US Secretary of the Treasury, has called on the Fed to implement a 0.5 percentage point interest rate cut, known as a 'big cut.' In an interview with Fox Business on the 12th (local time), Secretary Besant cited the recent large dow
Net Selling by Foreigners and Institutions USD/KRW Exchange Rate in the 1,380 KRW Range The KOSPI and KOSDAQ indices are both showing gains in early trading. The increase in the U.S. Consumer Price Index (CPI) came in below expectations, boosting the
◆ New York Stock Market: Inflation Concerns Ease, Nasdaq Rises on Rate Cut Hopes The three major New York stock indices rose on the 12th (local time). July's U.S. Consumer Price Index (CPI) inflation rate stayed within expectations, and expectations
Kwon Do-hyung (33), founder of Terraform Labs, who was facing criminal charges in the United States related to the issuance of the stablecoin 'TerraUSD' (hereinafter referred to as Terra) and fraud, has changed his stance and admitted guilt, resultin
After the announcement of a U.S.-Russia summit 2029 maturing government bonds jump 5.8% Ukrainian government bonds soared after news broke about the upcoming U.S.-Russia summit. The hope that the war between Russia and Ukraine, which has lasted for o
Both Countries Extend Tariff Truce by 90 Days US Chooses Stability Over Market Chaos Renegotiations Around Gyeongju APEC at the End of October With President Donald Trump officially extending the tariff war truce with China, the world has at least te
U.S. President Donald Trump announced that tariffs would not be imposed on gold, causing international gold prices to plummet. On the 12th at the New York Mercantile Exchange, near-month gold futures fell to $3,393 per troy ounce. The previous day's
Announcement of Revised Economic Outlook Uncertainties in Domestic Demand and Exports Reduced, but... This Year's Construction Investment Growth Rate -8.1% Next Year's Growth Rate Forecast Also Maintained at 1.6% The Korea Development Institute (KDI)
Positive outlook expected from China’s economic growth and a weaker dollar Amid growing concerns about U.S. stock overvaluation, BoA fund managers have been increasing their allocation to emerging markets. According to the Financial Times (FT) on the
E. J. Antoni of The Heritage Foundation U.S. President Donald Trump announced on the 11th (local time) the nomination of Dr. E. J. Antoni, an economist affiliated with a conservative think tank, as the new Commissioner of the Bureau of Labor Statisti
Possibility of Summit at Gyeongju APEC The United States and China agreed on the 11th (local time) to extend the tariff truce between the two countries by 90 days. U.S. President Donald Trump wrote on his social media on the last day of the previousl
Blackwell with 30%~50% Lower Performance Trump Indicates Possibility of Deals with China China Issues Guidelines Restricting H20 Chip Use U.S. President Donald Trump stated that he would consider allowing the sale of the lower-performance version of
President Lee's First Summit with Trump in 82 Days 'Modernization of the South Korea–US Alliance' Gains the Most Attention US Demands South Korea’s Participation in China Containment Efforts Possibility of Pressure to Increase Defense Cost-Sharing Fo
President Donald Trump of the United States has decided to take control of the Washington, D.C. police and deploy 800 members of the National Guard to the area. In June last year, when protests broke out in Los Angeles, California, President Trump de
Professor Robinson: "APEC is the last bastion of multilateralism" Seoul Pacific Economic Cooperation Council (PECC) General Meeting The think tank that served as the foundation for APEC Yeo Han-koo, Minister for Trade at the Ministry of Trade, Indust
President Lee Jae-myung will hold a summit meeting with U.S. President Donald Trump in Washington, D.C. on the 25th. This meeting marks just 82 days since President Lee's inauguration. Kang Yoo-jung, spokesperson for the Presidential Office, announce
Major indexes on the New York Stock Exchange ended lower due to caution over the U.S. July Consumer Price Index (CPI) release. On the 11th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 43,975.09, down