Korea Economic Daily

Falls to 3rd Place in Holding Rank for the First Time in 6 Years China has fallen to 3rd place in the US Treasury holdings ranking, overtaken by the UK. It has been 6 years since it ceded the top spot to Japan in 2019, and now it has also given up th

Late Last Month at the US Treasury Headquarters Chinese People's Bank Officials Enter "Are They Negotiating Yuan Exchange Rates?" On Alert "Why are those people here?" Late last month. Washington DC, USA. Our foreign exchange authorities spotted Chin

Democratic Party's Lee Jae-myung, People Power Party's Kim Moon-soo, Reform Party's Lee Jun-seok, and Democratic Labor Party's Kwon Young-guk will stand on the first TV debate stage after the official election campaign period. The debate, hosted by t

The KOSPI index has settled at the 2600 level but has not surpassed the mid-point. This is due to profit-taking sell-offs after a steep rise from the 2200 level in just over a month. However, there is interest in whether the upward trend will continu

Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, has unveiled a constitutional amendment plan centered on introducing a four-year presidential term with re-election and a runoff voting system. On the 18th, Lee posted on his

The Won-Yen Exchange Rate Has Dropped to the 950 Won Range This Month The won-yen exchange rate, which exceeded 1,000 won per 100 yen until a month ago, has dropped to the 950 won range this month. Analysts suggest that the Korean won has shown relat

Repeated Fluctuations in the Won-Dollar Exchange Rate U.S. Tariff Policy and Trade Negotiations Market Conditions Change Rapidly Based on News The won-dollar exchange rate is experiencing repeated fluctuations. This is due to rapid changes in market

Artwork Displayed on the Exterior Wall of Sinsa-dong Store Collaboration with Royal Dog, Who Painted Michelle Obama Mural Goodgang Labs (GGLS) has collaborated with the world-renowned graffiti artist 'Royal Dog (real name Sim Chanyang)' to carry out

Moody's Downgrades US Credit Rating from Aaa to Aa1 "US Federal Debt Rapidly Increasing" On the 16th (local time), international credit rating agency Moody's downgraded the United States' national credit rating from the highest rating of 'Aaa' to 'Aa

The three major indices of the New York Stock Exchange showed strong performance. Optimism spread due to the results of the US-China trade negotiations. On the 16th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average

'Istanbul Talks' Ended in 90 Minutes Could Not Narrow Differences on Military Withdrawal and Ceasefire Methods Agreed to Exchange 1,000 Prisoners Each Anticipated US-Russia Summit Did Not Materialize Negotiations between Russia and Ukraine, held for

The high-level talks between Russia and Ukraine, which took place for the first time in over three years, ended after confirming only the differences between the two sides. On the 16th (local time), AFP reported that the talks between the Russian and

DAXA (Digital Asset eXchange Alliance) announced on the 16th that it has prepared 'Best Practices for IT System Operation and User Protection for Virtual Asset Operators' through a task force jointly formed with the Financial Supervisory Service and

On the 16th (local time), Russia and Ukraine began face-to-face negotiations in Istanbul, Turkey. This is the first time in over three years since the outbreak of the Ukraine war in March 2022 that such talks have been held, with representatives from

Russia and Ukraine will begin ceasefire negotiations in Istanbul, Türkiye. According to Reuters and AFP, the ceasefire talks will start at 6:30 PM KST on the 16th. Russia and Ukraine were initially scheduled to hold talks in Istanbul the previous day

Price increases due to Trump tariffs have begun in the United States. According to the Wall Street Journal (WSJ) and CNBC on the 15th (local time), Walmart announced plans to raise prices on goods affected by tariffs this month and early this summer.

The Trump administration in the United States is considering additional sanctions on Chinese semiconductor companies. However, there is disagreement on the timing of the sanctions due to their potential impact on tariff negotiations with China. Accor

Jamie Dimon, CEO of JPMorgan Chase, the largest bank in the United States, stated that there is a possibility of the US entering a recession. On the 15th (local time), CEO Dimon said in a Bloomberg TV interview regarding the possibility of a recessio

Trump Orders iPhones to be 'Made in America' Apple's Expansion in India 'Not Wanted' Emphasis on Building iPhone Production Base in the US US President Donald Trump has issued a warning to Apple, which is considering moving iPhone production from Chi

First to Complete a 3-Year Term Focus on Capital Market Advancement such as 'Value-Up' Returning to Seoul National University as an Economics Professor Vice Chairman Kim So-young of the Financial Services Commission is stepping down after completing

The New York stock market closed mixed for the third day. Despite easing US-China trade tensions and a slowdown in US economic indicators for April, the market continued its recent bullish trend without being significantly affected by these results.

Five major domestic cryptocurrency exchanges have joined the Financial Security Institute, achieving a security system at the level of the financial sector. The Financial Services Commission announced on the 15th that five cryptocurrency businesses,

Dunamu, which operates the cryptocurrency exchange Upbit, will spin off its over-the-counter trading platform for unlisted stocks, Securities Plus Unlisted. A spin-off involves separating a business to create a 100% subsidiary. Dunamu announced on th