Korea Economic Daily

Concerns Over Rising Freight Costs Due to Logistics Surge The United States has reduced the tariff on small parcels from China from 120% to 54%. Following mutual tariffs, high tariffs on Chinese products have also been lowered for small parcels. On t

US-China Tariff Bomb 90-Day Suspension... Three Major Questions (1) Who is the Winner of the Trade Negotiations? Foreign media say "Both sides are cornered, but the US essentially backed down first." (2) What are the Issues for the 90-Day Negotiation

Invasion of Stablecoins (9) Korea Lacks Countermeasures Bank of Korea Embarks on Digital Currency Experiment... Criticized as "Half-Baked" Bank of Korea Responds to Stablecoin Proliferation Issued CBDC with Major Banks Last Month The Bank of Korea is

Korea Institute of Finance Suggestion There has been a suggestion that the issuance and distribution of stablecoins, which are pegged 1:1 to fiat currency, should be managed separately from virtual assets like Bitcoin. Jeong-Doo Lee, Senior Research

Hankyung CHO Insight Attorney Koo Ja-hyung's 'Issue Plus' According to recent media reports, there is an increasing number of cases where foreign workers residing illegally in Korea are receiving wages in stablecoins. The main reasons cited are that

An international poll released on the 12th (local time) shows that the reputation of the U.S. in the international community has fallen below that of China since the second Trump administration took office. According to the results of a survey conduc

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

The Korea Institute for International Economic Policy (KIEP) has lowered its global economic growth forecast for this year to 2.7%. Regarding the recent agreement between the US and China to lower tariffs, which had been competitively raised, for 90

The prices of domestic exchange-traded funds (ETFs) investing in the U.S. market are soaring. It is interpreted that the risk appetite for U.S. stocks has recovered as news of the U.S.-China trade agreement was delivered the previous day. According t

Major indices on the New York Stock Exchange surged due to the significant reduction in the tariff war between the US and China. On the 12th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 42,410.10, up

Lee Bobaek, Hankyung.com Guest Reporter newsinfo@hankyung.com

Lee Boba, Hankyung.com Guest Reporter newsinfo@hankyung.com

Lee Bo-bae, Hankyung.com Guest Reporter newsinfo@hankyung.com

Tech stocks with high exposure to China, such as Nvidia and Tesla, surge pre-market "Drug price cuts help stabilize inflation, July rate cut also expected" Wedbush Securities technology analyst Dan Ives stated that the US-China trade agreement is exp

Prime Minister Shigeru Responds in Parliament NHK: 'Japan Aims for Agreement by Early July Before General Election Announcement' The Japanese government has expressed a firm stance that it will not accept any trade agreement with the United States un

Japan's Ishiba "No Unfavorable Compromise" The United States has made it clear that it will not abolish the basic tariff of 10% in tariff negotiations with various countries. It stated that exemptions for certain items are possible. Howard Lutnick, t

US-China Joint Statement Released Tariff Rates Reduced by 115% Over 90 Days US Leaves Only 30% Including Fentanyl China Also Responds with 10% Basic Tariff The negotiation results announced by the United States and China on the 12th in Geneva, Switze

It has been reported that the Palestinian militant group Hamas has moved to release American hostages after contacting the United States. Hamas announced that it would release the last American hostage it was holding, suggesting that negotiations bet

Tariffs on Chinese Goods Lowered to 30%, Tariffs on US Goods to 10% Fentanyl Tariff + Mutual Tariff Set at 30% The United States and China have dramatically succeeded in concluding tariff negotiations. The US will lower tariffs on Chinese imports fro

Gold Prices Fall by 2.35% Due to Strong Dollar... International Oil Prices Rise by 3% "Worst Scenario Avoided" Possibility of Risk Asset Preference Recovery The news of progress in the first high-level tariff negotiations between the United States an

Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, has put forward the realization of an economic powerhouse through the concentrated nurturing of new industries, including artificial intelligence (AI), as a major election pl

The second trial for the perjury inducement case involving Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, has been postponed, following the postponement of the Public Official Election Act case and the Daejang-dong case.

Swiss Geneva Talks Conclude Both Sides to "Reveal Details on the 12th" Scott Besant, the US Treasury Secretary, stated on the 11th (local time) regarding the first official trade talks with China, "There has been substantial progress." Besant, after

On the New York Stock Exchange this week (12th-16th), the results of the tariff negotiations between the United States and China and the April Consumer Price Index (CPI) are expected to be key variables influencing market sentiment. The United States

Ukrainian President Volodymyr Zelensky on the 11th (local time) urged the immediate acceptance of an 'unconditional 30-day ceasefire' demanded alongside major European countries, in response to Russian President Vladimir Putin's proposal for direct d

Chinese Anti-Drug Commissioner Dispatched... Fentanyl Discussed Besides Tariffs Trump: 'Mutual Tariffs Minimum Rate 10% but Exceptions Possible' White House Spokesperson: '10% Basic Tariff Maintained for All Countries, Not Just the UK' The United Sta