Korea Economic Daily

Senior-Level Talks Between the United States and China to Be Held in the UK on the 9th President Donald Trump of the United States announced that President Xi Jinping of China has agreed to resume exports of rare earths to the United States. This mov

The US nonfarm payroll report, a key economic indicator, greatly exceeded market expectations and sparked a relief rally in New York stocks. Major tech companies rose collectively, regaining a substantial part of the decline recorded after the launch

Elon Musk, CEO of Tesla, who has had sharp disputes with U.S. President Donald Trump on social media, made a gesture of reconciliation. According to Bloomberg, on the 5th (local time), Musk responded "You weren't wrong" after billionaire hedge fund i

A US federal court has once again blocked an action by the Donald Trump administration to halt registration of foreign students and trainees at Harvard University. Judge Allison Burroughs of the United States District Court for the District of Massac

90-Minute Call Between the Two Leaders...A Breakthrough in Trade Negotiations? Trump: "Delegations of Both Countries to Meet Soon" Following Restart of Tariff Working-Level Talks Prospect of a Swift Leaders' Summit Sudden Resolution of Issues Like St

Conference at Yeouido on the 19th The Nasdaq Stock Exchange is set to attract Korean retail investors ahead of launching its 24-hour trading service in the second half of next year. According to the financial investment industry, Nasdaq will hold a c

Trump highlights his German heritage Merz requests support for Ukraine defense Pressured withdrawal of US troops during his first term "US troops will remain in Germany... Contributing to German economy" On the 5th (local time), US President Donald T

"I am very disappointed in Elon Musk (Tesla CEO). We had a great relationship, but I don’t know if that will continue in the future." Around noon on the 5th (local time), President Donald Trump of the United States said this in response to a question

"The Right Person to Realize President Lee's Economic Pledges" President Lee Jae-myung has appointed former Ministry of Economy and Finance First Vice Minister Kim Yong-beom (63) as the first Chief Policy Officer of the Presidential Office. Kang Hoon

Donald Trump, the President of the United States, and Elon Musk, CEO of Tesla, who previously participated in the Trump administration but parted ways and have since openly criticized and debated each other, are scheduled to have a phone call on the

Trump Hints at Retaliatory Measures Against Musk Elon Musk, CEO of SpaceX, who is in an ongoing public dispute with U.S. President Donald Trump, has hinted at withdrawing spaceships and has even brought up allegations of Trump’s sex scandals, deliver

As the relationship between President Donald Trump of the United States and Elon Musk, CEO of Tesla, has reached a breaking point, Tesla stock prices plummeted, resulting in a decline in the New York Stock Exchange. On the 5th (local time) at the New

Xi Jinping, the President of China, welcomed U.S. President Donald Trump’s visit to China. This was conveyed through the first phone call since the tariff war erupted earlier this year. Analysts say the U.S.-China tariff conflict is entering a new ph

Discussion on Follow-Up Measures for Trade Negotiations Chinese State Media: "Trump Made Direct Request" After High-Level Talks Last Month Agreement to Lower Tariff Rates Was Reached Yet Disputes Emerge over Rare Earths, Visas, etc. Trump Seeks Direc

The European Central Bank (ECB) has cut its policy rate by 0.25 percentage points. On the 5th (local time) in Frankfurt, Germany, the ECB held its monetary policy board meeting and announced it had lowered the deposit rate from 2.25% to 2.00% per ann

Dollar Weakens Amid Intensifying U.S.-China Tensions Down 126 Won from High in 2 Months The KRW-USD exchange rate fell to the 1,350 won range for the first time in about seven months, supported by a weakening dollar and foreign investors’ stock buyin

Kim Nam-kook, a former lawmaker considered one of the representative ‘original pro-Myung’ figures outside the assembly, is joining Lee Jae-myung's administration's presidential office. According to the political community on the 5th, former lawmaker

"U.S. Government Deploys Drone-Defense Weaponry to the Middle East Instead of Ukraine" The U.S. Secretary of Defense did not attend, for the first time, the Ukraine Defense Contact Group (UDCG) meeting, which discusses support measures for Ukraine. I

New administration likely to maintain current regulations Multiple partnership strategies under review Complex calculations for exchanges and banks With President Lee Jae-myung taking office, it has become increasingly likely that the government will

The Key Issue: Restructuring Government Financial Authorities Candidates Mentioned: Do Gyu-sang, Son Byung-doo, Kim Yong-beom, etc. As President Lee Jae-myung, who began his term on the 4th, pledged a reorganization of the economic ministries during

[Hankyung CFO Insight] Dongi Lee, Blockchain & Digital Assets Group Leader, Deloitte Consulting Korea In May 2025, the U.S. Senate passed the stablecoin regulatory bill, 'GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins o

The KRW-USD exchange rate dropped to the 1,350 won range early in the trading session. It's the first time in seven months, since October 15 of last year, that the intraday rate hit the 1,350s. On the 5th at the Seoul foreign exchange market, the KRW

U.S. President Donald Trump had a phone call lasting about an hour and 15 minutes with Russian President Vladimir Putin this morning, Eastern Time. However, he acknowledged that he essentially failed to stop the war in Ukraine and achieve peace. In W

The U.S. economy showed some contraction over the past month and a half. According to the Beige Book from the U.S. central bank (the Fed) released on the 4th (local time), economic activity slowed across most regions of the U.S. during the six weeks

The three major indexes of the New York Stock Exchange closed mixed, hovering around flat territory. This is attributed to heightened concerns over an economic slowdown as expectations for a US-China agreement weakened and private sector employment f

◆ President Lee presides over first Cabinet meeting since taking office... Also to hold a security review meeting President Lee Jae-myung will preside over his first Cabinet meeting since inauguration at the Yongsan Presidential Office on the 5th. Pr

NVIDIA Takes a Breather After Becoming No.1 by Market Cap, Tesla Declines Korea ETF Reaches Highest Level Since October 2024 On the 4th (local time), the U.S. stock market is fluctuating as gains narrow following the news that private sector employme

Presided over the first Emergency Economy Inspection TF meeting for 2 hours and 20 minutes 'First administrative order' for restoring the livelihood of the people "What can be realized immediately is the supplementary budget" Direct communication wit

Corporate Hiring Slows Amid Uncertainty Over Trump’s Economic Policies Job Switchers’ Wages Up 7%…Wage Growth Continues Private sector job growth in the United States recorded its slowest pace in two years. Analysts say that uncertainty over Presiden