Korea Economic Daily

Iran says attack was retaliation for US strike on Bandar Abbas Guard warns of more decisive response if attacks are repeated Iran’s Islamic Revolutionary Guard Corps said on May 28 that it had attacked a US air base in response to American airstrikes

Warning on won volatility Bank of Korea Governor Shin Hyun-song said the central bank would respond firmly to excessive one-way moves in the won-dollar exchange rate, in a warning aimed at calming market jitters after recent currency swings. Shin mad

Ko Jeong-sam, Hankyung.com reporter, jsk@hankyung.com

Oh Se-seong, Hankyung.com reporter sesung@hankyung.com

Bank of Korea Governor Shin Hyun-song made clear that the central bank sees a need to raise its benchmark interest rate. Inflation, growth, the exchange rate and housing trends all point in the same direction for monetary policy, he said. Shin spoke

South Korea’s Kospi extended losses on May 28 as foreign investors continued to sell, with renewed geopolitical tensions adding pressure after the benchmark’s recent sharp rally. As of 10:39 a.m., the Kospi was down 60.98 points, or 0.74%, at 8,167.7

Inflation, exchange rate and housing add to pressure The Bank of Korea’s Monetary Policy Board held its benchmark interest rate at 2.50% on May 28 but made clear that a future increase remains possible. The board said it will decide when to raise rat

Cyber, terror and narcotics units to be mobilized “Upgrading criminal-proceeds tracking” South Korean police are setting up a task force dedicated to money-laundering crimes as more criminal proceeds are being laundered through virtual assets such as

The Bank of Korea held its benchmark interest rate at 2.5% at a Monetary Policy Board meeting on May 28. Uncertainty surrounding the war in the Middle East was cited as the main reason for the decision. The conflict, which began in late February with

Samsung trio to acquire 4% of Dunamu for $445 million Stake comes from existing shares held by Kakao affiliates Deal aimed at creating new digital-asset business opportunities Samsung Securities said May 28 that it, Samsung SDS and Samsung Card will

Ko Jung-sam, Hankyung.com reporter, jsk@hankyung.com

Wall Street’s three major indexes all closed at record highs on May 27 as investors bet the US and Iran were nearing a ceasefire agreement and the Strait of Hormuz would reopen. The Dow Jones Industrial Average rose 182.60 points, or 0.36%, to 50,644

Oh Se-song, Hankyung.com reporter sesung@hankyung.com

Iran Pushes Back After Trump Signals Military Option Iran has said its right to enrich uranium and its control over the Strait of Hormuz are non-negotiable in talks with the US. Ebrahim Azizi, head of the Iranian parliament's National Security Commit

Says Sending Highly Enriched Uranium to China or Russia Would Make Him “Uncomfortable” President Donald Trump said talks with Iran to end the conflict have not yet reached a level acceptable to the US. He also warned that military action could resume

Move aims to deepen ties with Taiwan suppliers including TSMC and Foxconn "Taiwan will remain the epicenter of the AI revolution and a global technology manufacturing hub for years to come" Nvidia Chief Executive Officer Jensen Huang said the company

Macro Uncertainty Creates Favorable Conditions for Special Situations Opportunities Emerge in Private Credit Stress and Private Equity Liquidity Shortages This article was published on Market Insight on May 27 at 2:12 p.m. "This is exactly the kind o

The US and Iran are in a final bout of brinkmanship over a peace agreement, but multiple signs suggest the two sides are moving closer to a substantive deal. The Wall Street Journal reported on May 25 that Iran brushed aside the issue at the negotiat

SK Hynix’s market capitalization topped $1 trillion on May 27 as bets on a prolonged boom in the global memory-chip market gathered pace. The move put SK Hynix alongside Samsung Electronics and Micron Technology in the $1 trillion club. Nearly $3.63

Allegations have surfaced that trading volume in newly listed single-stock leveraged exchange-traded funds tied to Samsung Electronics Co. and SK Hynix Inc. was artificially inflated through abuse of the liquidity provider, or LP, system. Smaller bro

The Kospi ended at a record closing high on May 27, though it pulled back sharply from its intraday peak. The benchmark index rose 181.19 points, or 2.25%, to 8,228.70. It opened 2.42% higher at 8,242.12 and surged enough to trigger a temporary halt

Global technology companies are stepping up efforts to challenge Nvidia's effective dominance of the artificial intelligence chip market. Nvidia fell 0.22% to close at $214.86 on the Nasdaq on May 26. The Philadelphia Semiconductor Index, by contrast

Samsung Electronics and SK Hynix Help Drive ETF Market Above 500 Trillion Won 100 Trillion Won Added in 42 Days Average Daily Trading Value Hits 28 Trillion Won This Month The market capitalization of exchange-traded funds listed in South Korea toppe

Samsung Electronics Co. and its labor union have formally signed a 2026 wage agreement. The deal, reached a day before a planned general strike, was approved in a vote by union members. Labor and management agreed to work together to strengthen the c

Final turnout reached 95.5% Samsung Electronics Co.'s tentative labor agreement has been approved, with 73.7% of union members voting in favor in a decisive result. Strong backing from workers in the chip division appeared to drive the outcome. The a

Lebanese Health Ministry announcement 31 killed and 40 wounded in strikes on the south, with 11 more dead in the east Israeli military expands ground operations beyond the "Yellow Line" Offensive continues despite ceasefire brokered by Trump Netanyah

SK Hynix's market capitalization surpassed $1 trillion on May 27, making it the latest entrant to the club. That means all three of the world's biggest memory-chip makers now have market values above $1 trillion. As of 9:35 a.m., SK Hynix was trading

The Kospi rose above 8,400 in early trading on May 27, hitting a record intraday high as Samsung Electronics and SK Hynix surged after Micron Technology's overnight rally in New York. Foreign investors led buying from the open. As of 9:10 a.m., the K

Han Kyung-woo, Hankyung.com reporter, case@hankyung.com