Korea Economic Daily

U.S. President Donald Trump stated on the 7th (local time) that the plan to impose reciprocal tariffs on trading partners, including South Korea, as previously notified, could be changed depending on the outcome of negotiations. At a dinner with Isra

Hong Min-seong Hankyung.com Reporter mshong@hankyung.com

The major indexes on the New York Stock Exchange closed lower as uncertainty expanded after U.S. President Donald Trump sent tariff letters to key trading partners. On the 7th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industri

25% tariff notification for both South Korea and Japan 25% also for Malaysia and Kazakhstan 40% notified for Laos and Myanmar White House Press Secretary Caroline Leavitt holds up President Trump's letter notifying tariffs on South Korea and Japan du

Government: "Tariffs deferred until August 1... accelerating negotiations" Donald Trump, President of the United States, has extended the effective date for reciprocal tariffs that were to be imposed on major trading partners, including South Korea,

Tesla Plummets 8% on Musk's Announcement of Forming a Third Party Dollar Strengthens Amid New Tariffs Targeting BRICS As the deadline for mutual tariff suspension approaches, President Trump of the United States has issued a new tariff threat targeti

"Talks with China scheduled within weeks" With the deadline for the reciprocal tariff moratorium the United States imposed on countries worldwide fast approaching, Scott Besant, the US Secretary of the Treasury, stated on the 7th (local time) that “t

"Expected to meet with Chinese officials within the next few weeks" Scott Bessent, the US Secretary of the Treasury, announced that there will be several trade-related announcements over the next 48 hours. In a CNBC interview on the 7th (local time),

On the 7th (local time), Scott Besant, U.S. Secretary of the Treasury, stated, "There will be several announcements related to trade (agreements) within the next 48 hours." In an interview with CNBC that day, Secretary Besant said, "Many people have

Musk declares founding of a third party with deficit reduction as top priority Analysts: "Contrary to what investors want" After Tesla CEO Elon Musk announced plans to found a new political party, 'The Amerian Party', on the 7th (local time), Tesla's

BRICS has been working to establish an alternative third-currency payment system to the dollar Demands for Israel's withdrawal from Gaza and criticism of US tariffs US President Donald Trump warned that any country supporting the anti-US policy of BR

Secretary Lutnick: “Tariffs and deals are decided by Trump” Extension of negotiation not specified for individual countries, but major trading partners expected to be included For some countries that have not yet signed a trade agreement with the Uni

Trump: "Letters Will Be Sent Starting from the 7th" "Target Countries Are 12 to 15" Pressure Lutnick: "Effective from August 1" Message: "Negotiations During 3-Week Grace Period" Korean Authorities: "Closely Monitoring All Variables" The U.S. governm

OECD Lowers Next Year’s Forecast from 1.98% to 1.88% Delays in Structural Reforms in Labor, Education, etc. According to an analysis by The Korea Economic Daily on the 7th of the economic outlook report released last month by the OECD, this trend has

Policy proposals from various TFs create confusion It has been confirmed that the Virtual Asset Committee, an advisory body on virtual asset policy for financial authorities, has come to a complete halt since the launch of the new administration. In

Besant: 'The board will oppose it' On the 6th (local time), former closest aide turned critic, former Tesla CEO Elon Musk's announcement of the founding of a new party was denounced as 'an absurd thing' by Donald Trump, President of the United States

Weakened by Xi and Putin’s Absence De-dollarization and Independent Development Bank Discussed BRICS, an alliance of emerging non-Western countries like Russia and China, issued a direct criticism of the United States’ military actions against Iran a

Exchange of tariff and non-tariff retaliations Spotlight on the China-EU Summit at the end of this month Europe and China, which seemed to be drawing closer in response to tariff pressures from US President Donald Trump, are once again embroiled in a

US Senate Passes Stablecoin Regulatory Bill Korean National Assembly Proposes Bill Allowing Issuance Former Blockchain Investment Firm Executive Appointed as Presidential Advisor United Nations Development Programme Discusses Implementation Plans Wit

Fierce Battle to 'Capture AI Talent' Successive Recruitment of Former OpenAI and SSI Researchers Recently, 11 Top-Level Researchers Joined Even Reviewing Papers by Competitor Researchers Zuckerberg Reportedly Contacted Hundreds of People Superintelli

Donald Trump: "Letters to be sent on the afternoon of the 7th…Targeting up to 15 countries" The White House: "Countries making negotiation progress may extend the deadline" With the July 9 deadline for reciprocal tariff implementation just one day aw

Trump: "Musk establishing a new party will only add to the confusion" Besant: "The board will dislike Musk's political activities" Donald Trump, President of the United States, on the 6th (local time) criticized the announcement of Tesla CEO Elon Mus

U.S. President Donald Trump will sequentially send letters specifying 'reciprocal tariff' rates to trade partner countries, starting at 1:00 AM KST on the 8th. On the night of the 6th (local time), President Trump stated on the social networking serv

Ahn Cheol-soo of the People Power Party, who had been nominated as the chairman of the Innovation Committee, announced on the 7th that he would be running in the party leadership election. After a conflict with the party leadership over the membershi

Trump Sends Letter on Tariff Reinstatement to 12 Countries "Pressure to Reach Agreement Within 72 Hours" The United States is increasing the level of trade pressure on its partner countries. Scott Besant, U.S. Secretary of the Treasury, said in a CNN

Weekly Exchange Rate and Bond Outlook If Directly Hit Like Japan Exchange Rate Volatility Increases Supplementary Budget Raised to ₩31.8 Trillion Treasury Bond Yields Rise Last week, the KRW-USD exchange rate briefly fell below ₩1,350 due to dollar s

[Breaking News] Kim Byung-ki: "Consumer coupons must be distributed before the holiday season for effectiveness... Request for swift implementation" Choi Soo-jin Hankyung.com Reporter naive@hankyung.com

Quantus Insights Poll In a recent poll, 40% of respondents said they would support Tesla CEO Elon Musk if he formed a new political party. According to the latest survey by the U.S. polling firm Quantus Insights, conducted on the 6th, there was somew

S&P 500 and NASDAQ Hit Record Highs Last Week Trump Tariff Risks Already Priced into the Market Negative Impact Could Be Limited This week (7th to 11th, local time), the direction of the New York Stock Exchange is expected to hinge on President Donal