Korea Economic Daily

Reporter Hong Min-sung, Hankyung.com mshong@hankyung.com

U.S. President Donald Trump reiterated his claim that the United States must impose tariffs because other countries are doing so. On the 3rd (local time), President Trump wrote on Truth Social, "Other countries have been allowed to impose tariffs on

The national vote counting rate for the 21st presidential election has surpassed 20%. According to the Central Election Management Committee's counting status on the 3rd, as of 10:45 p.m., with 20.02% of the national votes counted, Lee Jae-myung, the

Major foreign media outlets including the BBC from the UK and The Wall Street Journal (WSJ) from the United States reported on the 3rd that Lee Jae-myung is projected to win, citing the results of the exit polls from the three major South Korean terr

The national vote count rate for the 21st presidential election has surpassed 10%. According to the Central Election Management Committee's ballot counting status on the 3rd, as of 10:16 p.m., with a nationwide count rate of 10.06%, Lee Jae-myung of

Lee Jun-seok, Reform Party candidate, delivers concession message “I hope chaos in the Republic of Korea ends and the country takes a leap forward” “Lee Jae-myung, please make an accurate judgment for national unity and the economy” “The Reform Party

The final voter turnout for the 21st presidential election has been tentatively tallied at 79.4%. This provisional figure marks the highest presidential election turnout in 28 years, since the 15th presidential election in 1997, which recorded a turn

Gwangju No.1... Jeonnam, Sejong, Jeonbuk in order Conservative Daegu and Ulsan also surpass 80% Lee and Kim support bases show growing consolidation Capital region turnout exceeds previous election Polls also show a lead for 'administration change' J

Expected to secure large-scale new investment Financial Times (FT) reported on the 2nd (local time) that xAI, an artificial intelligence (AI) startup founded by Elon Musk, has launched a $300 million (about ₩410 billion) equity sale. The transaction

Trump Prefers Direct Talks Following Preliminary Threats Such as Tariffs China Prefers Xi Jinping to Step Forward Only After Aides Have Prearranged Discussions EU: "If the US Imposes a 50% Tariff on Steel, We Will Retaliate" President Trump is contin

The Gap with the Runner-up Determines Governmental Momentum Looking back at past presidential elections in Korea, the 'vote gap' has been a variable as important as the winner in impacting the future political landscape. The president is decided even

Lee Jun-seok at 24.3% Among Those in Their 20s and Younger In the exit poll for the 21st presidential election conducted on the 3rd by the three terrestrial broadcasters, Lee Jae-myung, the Democratic Party candidate, was predicted to secure 51.7% of

Decline in energy costs and slowdown in service price increases 95% likelihood of additional ECB rate cut Eurozone’s inflation rate in May was tallied at a low 1.9%, even below the European Central Bank (ECB)’s target. Accordingly, the likelihood of

MSCI World Index Just 0.5% Away From Record High of 887.72 Analysts Forecast '11% Further Gain' for MSCI World Index Global stock markets are approaching all-time highs. Some analysts anticipate further gains driven by active buying. According to Blo

Korea’s forecast downgraded: 2.1% → 1.5% → 1.0% "Trade wars, financial conditions, declining consumer confidence, and low investment slow growth" The Organisation for Economic Co-operation and Development (OECD) once again revised its 2024 global GDP

Banking Sector to Petition the New Government Calls for Expansion into Non-Financial Businesses Plans to Submit a Statement via Federation The banking sector has decided to request that the incoming government, which will be launched after the presid

South Korea Losing Growth Momentum Era of USD 40,000 GDP May Be Delayed OECD Lowers Forecast by 0.5%P in Three Months South Korea Far Below G20 Average of 2.9% KDI and Overseas IBs Predict 0% Range Growth Only Four Instances of Sub-1% Annual Growth (

Dollar Index falls 0.6% International oil up 2.9%, Gold up 2.5% The value of the dollar weakened as trade tensions between the United States and China showed signs of worsening again. In addition, the geopolitical risk was highlighted as Ukraine atta

Trump Firm on Reciprocal Tariffs The Donald Trump administration is reportedly demanding that trade negotiation partner countries submit their 'best offer' by the 4th. Reuters reported on the 2nd (local time) that it had obtained a draft letter from

Presidential Election Turnout at 4 PM: 71.5％ Continues to Set Highest Turnout for Time Slot Full Mobilization on Rhyu Si Min’s Remarks and Reebak School? According to the National Election Commission, as of 4 PM on the 3rd, the provisional voter turn

On the day of the 21st presidential election, Seoul police announced that, as of 3 p.m. on the 3rd, a total of 81 reports related to polling stations had been received via 112 emergency calls. According to the Seoul Metropolitan Police Agency, at aro

Shin Hyunbo Hankyung.com Reporter greaterfool@hankyung.com