Korea Economic Daily

MSCI World Index Breaks February High South Korea Leads Emerging Markets with 2.7% Gain on the Day Despite the tariff war and geopolitical tensions, global stock markets reached record highs on the 4th. According to Reuters and Bloomberg on the 4th (

Extraordinary message in congratulating President-elect Lee Intention to keep the new government’s pro-China policy in check 'Korea held a free and fair election' Dismisses allegations of election fraud raised by some State Department emphasizes 'U.S

Pledges of Economic and Diplomatic Cooperation from Major World Leaders EU: "Outlook for Strengthening Strategic Partnership" Leaders of major countries, including China, Japan, and the European Union (EU), sent congratulatory messages to President L

Measures for Economic and Livelihood Recovery Acceleration expected in forming 20 trillion won supplementary budget Lee Han-joo mentions local currency 'Painkiller effect for revitalizing the people's economy' President Lee Jae-myung stated on the 4t

Lin Jian, Spokesperson of the Ministry of Foreign Affairs: "US, Stop Provoking China-South Korea Relations" United States Unusually Mentions 'Chinese Interference' in Democracies China has strongly rebuked comments from the United States government r

Trump shares his thoughts on his own SNS, Truth Social Donald Trump, President of the United States, who is currently conducting trade negotiations with China, remarked on the 4th (local time) regarding Xi Jinping, the President of China, that he is

President Lee orders formation of Emergency Economic Monitoring TF… First administrative order since taking office Jihee Yoo, Hankyung.com Reporter keephee@hankyung.com

Opposition to the Budget Bill Within the Republican Party Concerns That the Deficit Could Grow Even Larger Musk Also Criticizes the Bill: "Disgusting and Revolting" Wall Street: "U.S. Economy Heart Attack… The Wolf Is at the Door" U.S. President Dona

President Lee: "Possibility of an Extra Budget Bill, As Early As Tonight" Jihee Yoo, Hankyung.com Reporter keephee@hankyung.com

"Loyalty and Competence Taken as Top Priorities" President Lee Jae-myung held a press conference at 2 PM on the 4th in the briefing room of the presidential office in Yongsan, Seoul, and announced his first round of appointments, including the Prime

President Lee Jae-myung arrived at the presidential office in Yongsan-gu, Seoul, on the afternoon of the 4th. Earlier, President Lee had a bibimbap luncheon at Sarangjae of the National Assembly together with National Assembly Speaker Woo Won-shik an

"Korea Expected to Return to a Balanced Position," Local Media Predicts Interest in the "Boy Worker Story" Chinese state-run media are showing great interest in President Lee Jae-myung's future diplomatic strategy toward China. Many believe that the

Lee Jun-seok, a member of the Reform Party who ran for the 21st presidential election and was defeated, congratulated President Lee Jae-myung on his inauguration on the 4th. On this day, Rep. Lee wrote on Facebook, "I congratulate Lee Jae-myung on hi

President Lee Jae-myung emphasized on the 4th, "It is time to rebuild the collapsed livelihoods and economy, and to restore the destroyed democracy," adding, "I will become the 'president for all,' who embraces and serves all citizens." After taking

Although Mainly an Introductory Call…Possibility of Discussing Pending Issues such as Tariffs President Lee Jae-myung is expected to hold a phone call with U.S. President Donald Trump as early as the 4th. According to diplomatic sources, the two gove

Minseung Kim's ₿ficial Hopes for the Next Administration Overcoming the chaos of martial law and impeachment, the new government was finally inaugurated on June 4. I believe the new president will create the 'true Republic of Korea', backed by the su

KOSDAQ Also Up by Over 1% On May 4th, the first day of President Lee Jae-myung’s term, both the KOSPI and KOSDAQ indices are rising together. This is interpreted as a recovery in investor sentiment as political uncertainty has eased. As of 9:09 AM, t

CSIS Points Out Clashes with US Over Trade Negotiations and Relations with China Diagnoses a 'Quiet Crisis' in the South Korea-US Alliance A US think tank analyzed that the new president Lee Jae-myung is facing the toughest challenges since former pr

Consumer prices up 1.9% in May... 1% range growth for first time in 5 months Oh Se-seong Hankyung.com Reporter sesung@hankyung.com

Is There a Concern About Being 'Pro-China'? Subtle White House Response to President Lee Jae-myung's Election in South Korea The U.S. government gave a subtle response regarding President Lee Jae-myung's election in South Korea, emphasizing the allia

EU "Congratulations on President Lee's election... Deepening strategic partnership" Sesung Oh, Korea Economic Daily reporter sesung@hankyung.com

Semiconductor Stocks Rise Together The major indices of the New York Stock Exchange all climbed. This is interpreted as a reflection of optimism about trade negotiations between the United States and China. U.S. President Donald Trump and Chinese Pre

[Breaking News] The White House: 'The South Korea–United States Alliance is Ironclad… Opposes China's Intervention in Democratic Countries' Song Jong-hyun Reporter scream@hankyung.com

After the DOGE Chief Tenure Ended Criticizing the Trump Administration's Tax Cut Law Elon Musk, CEO of Tesla, has recently intensified his criticism of the Trump administration after officially ending his role in it. On the 3rd (local time), Musk rep

The term of Lee Jae-myung, the 21st President, has begun. On the 4th at 6 a.m., the National Election Commission held a full committee meeting and officially confirmed Lee Jae-myung of the Democratic Party of Korea as the President-elect based on the

Where will the political landscape head next? People Power Party falls to a minority opposition Bills and budgets previously blocked by veto Now the Democratic Party holds the initiative and can pass them alone Investigative concerns after President

Supply significantly delayed after switching to rare earth export license system in April German auto lobby group warns "potential halt in parts production" In response to the U.S. tariff war, China switched its rare earth exports to a licensing syst