Korea Economic Daily

Won ranked 2nd in import settlements from the EU "If dollar stablecoins become mainstream, even the remaining won settlement demand will be eroded" Last year, the scale of won-denominated settlements in Korea’s trade transactions reached ₩80 trillion

Chairman Seok Chang-gyu of Webcash Dives Back Into Financial SI A New Challenge in the Business He Gave Up 9 Years Ago "We couldn't proceed due to GPU costs, but banks have already secured a considerable amount The path for AI banking is opening, jus

Musk’s Artificial Intelligence Startup Will Tesla Become a Major Shareholder? Elon Musk, CEO of Tesla (pictured), announced on the 13th (local time) that he would put it to a shareholder vote whether to invest Tesla's funds in xAI, the artificial int

Trump: "Everyone is opening markets to lower tariffs…South Korea wants a deal" Taiwan begins negotiations to cut tariffs from 32%→15~20% Japan, ahead of the upper house election, remains cautious despite White House pressure Nikkei: "Not much time be

Musk Steps Back from Politics Dismissals: X CEO, Optimus Lead, and Others Over 50 Executives Resigned During the 2018 Crisis As Elon Musk, CEO of Tesla, stepped back from politics and returned to corporate management, there is analysis suggesting he

There is speculation that President Donald Trump of the United States is seeking to remove Jerome Powell, Chairman of the Federal Reserve (Fed), citing alleged excessive construction costs of the Fed building. President Trump has continued to pressur

Breaks through $119,000 The leading cryptocurrency, Bitcoin, has once again reached a new all-time high. According to Coinbase, a U.S. cryptocurrency exchange, as of 11:22 a.m. Eastern Time (8:22 a.m. Pacific Time) on the 13th (local time), the price

FT: "Colby, Deputy Secretary, asked Japan and Australia for specific responses" The Financial Times (FT) reported on the 12th (local time) that the United States has asked the governments of Japan and Australia, its Indo-Pacific allies, to clarify wh

WSJ analyzes CEO impacts based on relationship with Trump and trade factors AI companies like NVIDIA and OpenAI are expected to benefit from deregulation Tesla and Apple face heightened uncertainty due to tariffs and subsidy issues With Musk-Trump co

Barclays: "Punitive tariffs will put optimism to the test" Focus on inflation ahead of June CPI and PPI releases Start of corporate earnings season... Will 'tariff shock' be a game changer? This week, earnings releases lined up from Citigroup, JPMorg

Global investment bank JP Morgan has forecast that the KOSPI index could reach as high as 5000 within the next two years. For the Korean market, JP Morgan raised its investment recommendation from 'neutral' to 'overweight.' According to Bloomberg New

The presidential office has reaffirmed its stance that it will observe the nominees’ explanations during their confirmation hearings and then make a decision, regarding the possible withdrawal of the first-term cabinet candidates amidst various alleg

President Lee Jae-myung, in the 40 or so days since his inauguration, has met and discussed state affairs with a diverse range of figures—not only politicians and government officials, but also religious leaders, senior journalists, businesspeople, a

Widespread Impact on Industry Refined Copper, the Largest Portion of U.S. Copper Imports It appears that starting from the 1st of next month, the 50% tariff to be implemented in the United States will also apply to refined copper. Copper is an essent

Expresses dissatisfaction to allies ahead of reciprocal tariffs... Urges continued negotiations Donald Trump, President of the United States, expressed his dissatisfaction with the attitudes of global trading partners toward reciprocal tariff negotia

$1.18 Billion Inflows to ETF the Previous Day Largest Amount This Year After hitting a record high, Bitcoin—the leading cryptocurrency—showed signs of consolidation on the 11th (local time). According to U.S. crypto exchange Coinbase, at 7:33 p.m. Ea

Among all global companies, NVIDIA, the leading artificial intelligence (AI) powerhouse, is the only one with a market capitalization in the $4 trillion range and continues to expand its scale. CEO Jensen Huang has been selling shares daily. On the 1

The three major U.S. stock indices on the New York Stock Exchange fell. Risk aversion grew as President Donald Trump announced a 35% tariff on Canada and around 20% on other countries. However, expectations that there is room for negotiation narrowed

US Secretary of State Marco Rubio stated that there is a high possibility of a summit between President Donald Trump and President Xi Jinping of China. On the 11th (local time), Secretary Rubio said this after meeting with Wang Yi, Director of the Of

President Donald Trump of the United States is unilaterally deciding and notifying reciprocal tariff rates, which has stirred public opinion in countries across the globe. The ‘Day of Liberation’ tariff rates, first announced on April 2, were also cr

The three major U.S. stock indices ended higher for the second consecutive day. Despite news that U.S. President Donald Trump would impose high “tariff bombs” on Brazil, investors remained optimistic, pushing the S&P 500 and Nasdaq Composite Index to

Strong Performance in Semiconductor and Renewable Energy Stocks On the 11th, the KOSPI Index surpassed the psychologically significant resistance level of 3,200 in early trading, but has since given back some of its gains due to profit-taking. As of

The minimum wage to be applied in 2026 has been set at ₩10,320. This is a 2.9% increase from this year’s minimum wage of ₩10,030. On the 10th, the Minimum Wage Commission reached an agreement on the 2026 minimum wage at the 12th plenary meeting held

The share price of U.S. tech giant IBM is climbing swiftly, driven by expectations for next-generation technology businesses such as artificial intelligence (AI) and quantum computers. On the 9th (local time) on the New York Stock Exchange, IBM close

Lee Chang-yong: "Current household debt is at a threshold level that hinders consumption and growth" The BOK keeps the base rate unchanged at 2.50% per annum The Bank of Korea held its base interest rate steady at 2.50% per annum on the 10th. The sur