Korea Economic Daily

Monitoring the Progress of US-China Negotiations in Switzerland April CPI to be Released on the 13th, Concerns of Stagflation The New York Stock Exchange is facing major issues this week (12th-16th) such as the US-China tariff negotiations and the Ap

Kim Moon-soo, the presidential candidate of the People Power Party, completed his registration for the 21st presidential election at the Central Election Commission in Gwacheon, Gyeonggi Province, on the 11th. After completing his registration, Candi

Additional Tax Burden Greater Than Principal Credit Decline and Loan/Card Issuance Disruptions Possible Detention for 30 Days and Travel Bans The 'Law Street' column by Hankyung Law & Biz provides practical legal knowledge for businesses and individu

Kim Moon-soo, People's Power Party Presidential Candidate Emergency Press Conference "Immediate Legal and Political Actions Against Illegal Candidate Replacement" "A Political Coup at Night... Our Party's Democracy is Dead" Kim Moon-soo, the presiden

The unification negotiations between Kim Moon-soo, the presidential candidate of the People Power Party, and Han Deok-soo, an independent preliminary candidate, have broken down, prompting the leadership of the People Power Party to initiate the proc

On the 9th, U.S. President Donald Trump announced his intention to reduce tariffs on China to 80% ahead of trade negotiations with China. President Trump wrote on his social media (Truth Social) that "80% seems right for tariffs on China." He also me

The unification renegotiation between Kim Moon-soo, the presidential candidate of the People Power Party, and Han Deok-soo, an independent presidential candidate, collapsed in less than 30 minutes. It is reported that the two sides could not narrow t

China's April Exports Increase by 8% The New York Post, a pro-Trump media outlet, reported on the 8th (local time) that the Trump administration is considering reducing the additional 145% tariffs imposed on Chinese imports to 50-54%, citing sources.

"Demand for 30-Day Unconditional Ceasefire" "More Sanctions if Not Complied" On the 8th (local time), U.S. President Donald Trump urged Russia and Ukraine to agree to an unconditional 30-day ceasefire. President Trump made this call through a post on

37%→39.6% Tax Rate Increase "To Be Used for Worker and Middle-Class Tax Cuts" Donald Trump, the U.S. President who promised large-scale tax cuts during the election, has proposed a tax increase for the ultra-wealthy. Bloomberg News and Reuters report

Trump: "If You Bring a Serious Proposal Show America is Open" The U.S. Donald Trump administration has decided to lower the itemized tariff rate on British cars from 25% to 10% for up to 100,000 units annually. Additionally, it has decided to abolish

5 out of 9 MPC members support the cut…Some argue for a 0.5%p cut Matches market expectations…FTSE 100 and 250 both close higher Reuters: "Decision might have been delayed without US tariffs" Bank of England: "Global uncertainty necessitates cautious

On the 8th (local time), Russian President Vladimir Putin and Chinese President Xi Jinping adopted a joint statement to further deepen bilateral relations after holding a summit. RIA Novosti reported that President Putin and President Xi signed a joi

Lee Jun-seok, the Reform New Party presidential candidate, said on the 8th, "The economic view of Lee Jae-myung, the Democratic Party's presidential candidate, is always dangerous and experimental," adding, "He irresponsibly throws out unverified ide

Forecast for Lower Growth Rate This Year Stabilization of the Previously Constraining Won-Dollar Exchange Rate Although the Federal Reserve (Fed) kept its base rate unchanged this month, the Bank of Korea is expected to lower the rate on the 29th to

U.S. President Donald Trump announced that he will sign the first trade agreement with the UK following the announcement of global high tariffs. On the 8th (local time), President Trump announced via Truth Social, the social networking service (SNS)

'Resolute' Powell Emphasizes Central Bank Independence Against Trump "What impact does President Trump's demand for a rate cut have on the decisions and operations of the U.S. Central Bank (Fed)?" (Edward Lawrence, Fox Business Reporter) "It has no i

May FOMC held on the 7th (local time) Rates held at 4.25~4.5% Fed "Risks of unemployment and inflation are rising"... Concerns about stagflation Cautious approach to rate cuts due to solid real indicators Market pushes expected rate cut timing from J

Decision to hold rates at May FOMC held on the 7th (local time) Trump pressured for cuts amid tariff-induced slowdown concerns Fed maintains rates to counter inflation Amid growing economic uncertainty due to the Trump administration's tariff policie

OpenAI has revealed its ambitious plan to collaborate with governments worldwide to build artificial intelligence (AI) infrastructure. The company plans to expand its 'Stargate' project, initially led by the Donald Trump administration in the U.S., t

Ahead of the high-level US-China trade talks scheduled to take place in Geneva, Switzerland on the 10th and 11th, China demanded the withdrawal of high tariffs from the US, stating through state media on the 8th that "wrong practices must be correcte