Korea Economic Daily

0.2%P Growth Rate Increase Effect from Extra Budget Impact of Trump Tariffs·Worsening Situation in the Middle East The government expects that injecting a total of 44 trillion won through two rounds of supplementary budgets this year will be able to

SNS Verification Procedures Included in the Screening Process Lack of Specific Criteria Raises Concerns for Students The U.S. government has announced that it will resume procedures for issuing visas to international students. However, since SNS (soc

President Lee presides over Cabinet meeting and approves supplementary budget 'All-in' to stimulate domestic demand ₩150,000–₩500,000 distributed to all citizens 1.43 million people's debts forgiven Lee: "Shrinking consumption makes self-employed str

Precision Strike on Arak Heavy Water Reactor Moves to Block Plutonium Production As Donald Trump, the U.S. president, effectively issued an ultimatum to Iran, Israel has intensified military conflict between the two countries by launching a precision

As the possibility of a US attack on Iran emerges, instability in the foreign exchange market is intensifying. The preference for safe assets has appeared, with the KRW-USD exchange rate climbing to its highest level in a month. On the 19th, at 3:30

'Hundreds of Billions' Annual Salaries for AI Talent, Layoffs for General Staff AI Polarization Hits the US The polarization of jobs due to advancements in artificial intelligence (AI) technology is becoming more pronounced, especially in the US tech

Up to ₩2.08 million for a 4-person household... Living expense consumption coupons to be distributed as early as July The government has announced that it will distribute living recovery consumption coupons to all citizens, with each person set to re

President Lee Jae-myung, regarding the preparation of the second supplementary budget for 30.5 trillion won, which includes a plan to provide consumption coupons for national livelihood recovery, stated on the 19th, "Now is the time to use national f

As U.S. President Donald Trump pressed Iran to "surrender unconditionally," the clash between Israel and Iran intensified on the 19th (local time). According to foreign media reports, the Israeli military supplied Iran's Arak heavy water nuclear faci

Israel has warned residents near Iran's Arak heavy water reactor facility to evacuate. According to Associated Press (AP) on the 18th (local time), the Israel Defense Forces (IDF) posted on X (formerly Twitter) a satellite image of Iran's Arak heavy

The KOSPI reversed to a decline due to institutional selling. Although it attempted to break through the 3,000 mark early in the session, it was pushed below the 2,960 level. As of 10:46 a.m. on the 19th, the KOSPI is trading at 2,959.07, down 13.12

Hyunbo Shin Hankyung.com journalist greaterfool@hankyung.com

Discussions on Institutionalizing KRW Stablecoins Related stocks such as ITCEN Global see 'surge' in share prices As discussions to introduce KRW-based stablecoins gain momentum, related stocks are soaring on the domestic stock market. According to t

Regarding whether to participate in an attack on Iran: "No final decision" As the military conflict between Israel and Iran continues, the United States is reviewing the possibility of military intervention, heightening concerns about further escalat

The major indices on the New York Stock Exchange closed with mixed results. At the Federal Reserve's Federal Open Market Committee (FOMC), the benchmark interest rate was kept unchanged as expected, but uncertainty increased as Jerome Powell, the Cha

◆ President Lee to preside over today's Cabinet meeting...first supplementary budget review of new administration President Lee Jae-myung is presiding over a Cabinet meeting today at the presidential office in Yongsan. The meeting will review the sec

Jerome Powell, Chair of the Fed, stated at a press conference after the monetary policy decision meeting (FOMC) on the 18th (local time), “Tariff policy continues to change,” adding, “It remains to be seen what impact tariffs will have.” At this FOMC

Trump "Foolish Powell won't cut rates" criticizes again International oil prices and gold prices continue volatile swings As Iran strongly responded to the U.S.'s demand for 'unconditional surrender,' on the 18th (local time), U.S. stocks opened high

Bloomberg: "Stabilizing Near the Highest Level in the Past 8 Months" The U.S. Department of Labor announced on the 18th (local time) that initial unemployment claims for the week of June 8–14 totaled 245,000, a decrease of 5,000 from the previous wee

Last year, the number of millionaires in South Korea exceeded 1.3 million, ranking 10th among major countries worldwide. According to the '2025 Global Wealth Report' released by Swiss investment bank UBS on the 18th (local time), the number of South

Ayatollah Seyyed Ali Khamenei, the Supreme Leader of Iran, sent a warning message to U.S. President Donald Trump. According to local media such as IRNA and Tasnim on the 18th (local time), Ayatollah Khamenei, in a video speech issued that day, said,

"Ishiba Fails to Persuade Trump at G7 Summit" Japan's Auto Exports to the U.S. Plunge 24.7% in May Japan, which has served as a reference point in Korea-U.S. auto tariff negotiations, reportedly attempted to lower the auto tariff rate to 10% but fail

Crude oil, which surged the previous day, falls by 1% Interest in future rate outlook amid Fed rate freeze On the 18th (local time), as the armed conflict between Israel and Iran entered its sixth day, uncertainty intensified amid the possibility of

The Second Son Strongly Mentioned as Next Successor Iran's theocratic regime is being shaken by Israel's attack. There is analysis that the leadership of Ayatollah Ali Khamenei, the Supreme Leader who has exercised absolute power for the past 36 year

US bunker buster, precision bombing with GPS Can penetrate up to 60m underground Simultaneous strikes can reach deeper Iran's Fordow nuclear facility has been mentioned as a potential target for future Israeli attacks. As this facility is deeply buri

DEEP INSIGHT Deflation fueling the 'China Shock' Focus on advanced technology with weak job creation effect Neglect of policies to boost household income and domestic demand Prolonged real estate slump… Housing sales 'plummet' This year's consumer pr

"National subsidies should be selective Can help struggling self-employed individuals Inflation has stabilized, but perceived inflation remains high" Yi Chang-yong, Governor of the Bank of Korea, stated on the 18th regarding the government's and ruli