Korea Economic Daily

Tesla Drops Sharply then Narrows Loss After Trump Attack Citigroup: "Technically Overbought, Heightened Risk of Profit Taking" The rally that pushed U.S. stocks to record highs weakened, so on the 1st (local time), the New York market opened lower, b

Mutual Tariff Grace Period Nearing Its End Forcing Negotiations with Unilateral Threats "High Tariffs Possible Even with Faithful Negotiations" The U.S. government is emphasizing that it is unlikely to easily extend the mutual tariff grace period, wh

Targeting Tariff Reductions on Pharmaceuticals, Alcohol, and Semiconductors Seeking Strategic Purchases from the US in LNG and AI Technology Sectors Includes Retaliatory Tariffs if Trump Halts Talks The European Union (EU) is reported to be planning

One week before July 9, threatens to "send a tariff letter" Watching to see if Japan will open the rice market to lower auto tariffs President Trump, after pointing out that Japan does not buy U.S. automobiles, went on to say that even amid a rice sh

Kakao Pay, Hungkuk Fire Insurance, Etc. Even Large-Cap Stocks Join In Investment risk stocks are increasing rapidly. Analysts note that the stock market is overheating in the short term, leading to more 'speculative theme' stocks. According to the Ko

U.S. Dollar Index Plunges 10% in First Half The value of the U.S. dollar dropped by over 10% in the first half of this year, marking its weakest performance since the introduction of the floating exchange rate system in 1973. According to Bloomberg N

"Will Campaign for Lawmakers' Defeat" Elon Musk, CEO of Tesla, on the 30th (local time), criticized President Donald Trump's tax cut policies included in the 'Trump Budget', calling it a "bill that will make (America) a slave to debt." He further sta

Trump-Originated Stablecoin Storm Beyond Market Shocks, Redesigning the Global Economy Cloaked as the 'Future·Cutting-Edge Currency,' Yet Suitability for Payments and Settlements Must Be Proven First Extreme Overheating Fueled by Distrust in the Curr

'Money move' amid interest rate cut expectations Bond fund AUM up 2.4 trillion in one month Potential for capital gains when rates fall Demand for 'safe assets' from high-net-worth individuals also an influence Billions flowing into bond ETFs as well

The KRW-USD exchange rate fluctuated in tandem with dollar movement. The dollar index, which measures the value of the U.S. dollar, dipped to its lowest level in 3 years and 4 months during the morning before rebounding in the afternoon. In the first

Court Postpones Trial for President Lee Jae-myung's 'Corporate Card Misuse Allegations'... New Date to Be Designated Later Lee Song-ryeol, Hankyung.com Reporter yisr0203@hankyung.com

Financial Times (UK) Report The Donald Trump administration stepped back from its ambitious goal of a 'comprehensive trade agreement' ahead of the reciprocal tariffs scheduled for July 9. According to the Financial Times (FT) of the United Kingdom on

For House members who support Trump's tax cut plan Announcing plans to campaign against them in the primaries "Planning to establish a new 'America Party'" Elon Musk, CEO of Tesla, on the 30th (local time) called the tax cut bill being pushed through

President Lee Jae-myung once again emphasized his policy stance to boost stocks as an alternative investment vehicle in order to resolve the concentration of funds in real estate within the Korean economy. This is the first related public statement m

After President Donald Trump took office, U.S. government tariff revenues have surpassed $100 billion (about ₩135 trillion). On the 30th (local time), U.S. media Axios reported, citing U.S. Customs and Border Protection (CBP) data, that tariff revenu

The Bank of Korea projected that the rapid increase in household loans will continue until the end of the third quarter this year. The central bank struck a cautious stance on additional policy rate cuts. According to the Bank of Korea and others on

Optimism Rises Over Trade Negotiations Canada Withdraws Digital Tax Under Trump Pressure US Treasury: 'Negotiations Will Heat Up Next Week' The New York Stock Exchange closed higher on the last trading day of June, with the S&P 500 and Nasdaq Composi

US Economy Expected to Achieve Soft Landing Despite Tariff Shocks "Labor Market Remains Robust Despite Declining Immigrant Influx" "US GDP Outlook Revised Down for This Year" Seven major investment banks (IBs) on Wall Street forecast that the US Fede

The market is focused on the final Senate vote for Trump's massive tax cut plan. It is a tense situation where it is difficult to be certain if it will pass. Currently, whether this bill passes the Senate appears to depend on just one person. If this

Due to the tax cut bill, electric vehicle and clean energy stocks weakened Bond yields fell on weak consumer spending and expectations of slowing employment As trade negotiations between the United States and Canada, which had been at risk of being h

Prices of Chinese Products Sold on Amazon Rise at Twice the U.S. CPI Prices of Chinese Household Goods and Electronics Increased by Over 3% within a Month from May Retailers Start Reflecting Price Increases as Front-Loaded Inventories Dwindle Accordi

Aerospace Sector Tariffs Also Removed Steel Products Face 25% Tariff… UK Says 'Continued Negotiations for 0%' The trade agreement between the United States and United Kingdom took effect on the 30th (local time). Under this measure, British cars impo

Expectations for U.S.-Canada Trade Talks Resuming and Progress in China-EU Negotiations U.S. Dollar Falls to Its Lowest in Three Years Amid Trump Tax Cut Bill Asian stock markets and U.S. stock futures rose on news of the resumption of trade talks be

Succumbing to Trump's threats of halting trade talks and imposing new tariffs Three-fourths of Canada’s exports go to the US; Canada is the top importer of US goods Canada has abolished the digital services tax on tech companies like Meta Platforms a

US Issues Three Major Demands, Including Easing of Non-Tariff Barriers Korea "Looking for Creative Solutions" Donald Trump, President of the United States, said on the 29th (local time) that he "will not extend the deadline for the reciprocal tariff

Prospects for tariff and defense cost negotiations Presidential office: "Adjustments underway with mutual understanding between the two countries" President Lee to hold a town hall meeting press conference on the 3rd Proceedings scheduled by sector:

Briefing on the 3rd Korea-U.S. Tariff Technical Meeting U.S. Strongly Demands Elimination of Non-Tariff Barriers Delegation Proposes 'Manufacturing Cooperation' Card The Era of '0% Tariffs' Effectively Over With about a week left until the U.S. mutua

Encouraging Syria and Lebanon to Join Trump: "There are great countries" Normalization of Israel-Arab Relations Checking Chinese and Russian Influence in the Middle East Hezbollah and Others as Obstacles to the Accords President Donald Trump is pushi