Korea Economic Daily

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

Total Market Cap Recorded at ₩3,020.7694 Trillion as of Market Close on the 10th Indexes Rise with Reduced Uncertainty... Number of Listed Shares Also Increases KOSPI Just 4.17% Away from Its All-Time High "KOSPI Upper Ceiling Could Reach 3,550 in th

U.S. President Donald Trump, who is waging a global trade war, declared that he would impose high tariffs on Brazil because the country's political situation did not align with his views. By leveraging America’s economic power, he is expanding his po

Chile: "The US cannot be self-sufficient... Uncertain if the tariff will materialize" Mexico: "Copper demand is global... Seeking alternative export options" Spread of 'early customs clearance' attempts using Hawaii and Puerto Rico Copper inventory a

Value of Chinese clothing imports in May at the lowest level since May 2003 Due to the tariff policies of U.S. President Donald Trump, U.S. imports of Chinese clothing have dropped to the lowest level in 22 years. On the 9th (local time), internation

Regarding the suspension of 'Project Han River,' which was a real transaction test of deposit tokens conducted jointly by the Bank of Korea and commercial banks, Chang Yong Rhee, Governor of the Bank of Korea, commented that he was "angry." He stated

Changyong Rhee, Governor of the Bank of Korea, expressed concerns on the 10th that "if multiple non-bank institutions issue KRW stablecoins, there is a possibility that confusion similar to that caused by private currency issuance in the 19th century

The Bank of Korea held a Monetary Policy Committee meeting on the 10th to determine the direction of monetary policy and decided to maintain the base interest rate at 2.50% per annum. The reason cited was the need to observe the effects of the govern

The Bank of Korea held its base rate steady at 2.50% per annum on the 10th. Lee Chang-yong, Governor of the Bank of Korea, stated in a press briefing that "this decision was unanimous among all Monetary Policy Board members." Reporter Kang Jin-kyu jo

On the 10th, the Bank of Korea held a Monetary Policy Direction meeting of the Monetary Policy Committee at its main building on Namdaemun-ro, Seoul, and decided to maintain the base interest rate at an annual 2.50%. After lowering the rate from 2.75

NHN KCP (formerly NHN Korea Cyber Payment), listed as the “blue chip for stablecoins” in the securities industry, continues its strength following a price ceiling the previous day. As of 09:24 a.m. on the 10th, NHN KCP was trading at 15,540₩, up 460₩

Additional Counter-Tariff Letters to 8 Countries U.S. President Donald Trump sent and published letters on the 9th (local time) specifying counter-tariff rates to be applied beginning August 1st to eight countries, including Brazil and the Philippine

The New York stock market saw all three major indices rise together, driven by the strength in technology stocks. NVIDIA surpassed a market capitalization of $4 trillion (about ₩5,500 trillion) for the first time ever during trading. On the 9th (loca

◆ Yoon re-arrested in special insurrection probe after 4 months...Court cites 'concern for destruction of evidence' Former President Yoon Seok-yeol was re-arrested on the 10th by Cho Eun-seok's special prosecution team investigating insurrection. Thi

The minutes from the Fed's monetary policy decision meeting held from the 17th to the 18th of last month revealed that opinions supporting a rate cut were in the minority. The FOMC minutes, released on the 9th (local time), showed that even if rate c

"Will send letters to 'additional countries' this afternoon" Similar to early April rates, Philippines rises from 17%→20% President Donald Trump on the 9th (local time) sent letters instructing new tariff rates to six countries, including the Philipp

'Tariff Negotiation' U.S. Visit Briefing Package deal includes investments in the U.S. and shipbuilding "Trade talks with the United States are progressing fairly well We have identified nearly all of each other’s agendas" Defense cost-sharing was no

Wedbush Recommends "Regulating Musk's Tesla Working Hours" Also Proposes Granting Musk 25% Voting Rights as an Incentive Wall Street Mostly Critical of Musk's Political Activities Dan Ives, Wedbush analyst and one of Wall Street's strongest Tesla sup

Ministry of SMEs and Startups Revises Regulation After 7 Years Previously Treated as 'Entertainment Businesses' Major Signal to Foster Cryptocurrency The Ministry of SMEs and Startups is working on a plan to grant 'venture company' status to virtual

Growing Calls for Self-Reflection on 'Tariff Negotiation Failure' in Japan Trump's negotiation style different from his first term... presenting negotiation cards based on Abe-era experiences Believing in 'alliance privilege' and insisting on tariff

Trump Reverses Hint at Extension from the Previous Day Donald Trump, the President of the United States, announced on the 8th (local time) that he would not postpone the tariff implementation deadline set for August 1. He stated that the schedule spe

Wall Street Tesla Optimist Ives Predicts "Outperforming OpenAI, etc. if merged" Dan Ives, a Wedbush Securities analyst well known as a Tesla bull, proposed on the 8th (local time) a scenario in which Tesla acquires xAI, Elon Musk’s artificial intelli

Due to the progress in U.S.-China tariff negotiations and the situation in the Middle East, the 'tariff rampage' of U.S. President Donald Trump, which had been quiet for a while, has resumed. On the 8th (local time), when the temporary exemption peri

Sergey Shoigu, Secretary, Visits North Korea Again Just One Month After Previous Visit Sergey Lavrov, the Russian Foreign Minister, is scheduled to visit North Korea from the 11th to the 13th at the invitation of the North Korean Ministry of Foreign

Trump hints at extension, then reverses statement United States President Donald Trump announced on the 8th (local time) that the tariff imposition deadline scheduled for August 1 would not be postponed. He asserted that the date specified in the 'ta