Korea Economic Daily

Warren Buffett, the 'Investment Guru' and Chairman and CEO of Berkshire Hathaway, has announced he will retire at the end of this year. Attention is focused on Greg Abel, the Vice Chairman of the Non-Insurance Business, whom he recommended as his suc

US President Donald Trump has officially imposed a 25% tariff on foreign auto parts. As specified in the proclamation announced by President Trump last March, a 25% tariff on imported auto parts began to be imposed at 12:01 AM Eastern Time on the 3rd

'Investment Master' Warren Buffett, chairman of Berkshire Hathaway, is drawing attention for his views on President Donald Trump's tariff policies and their impact. According to Berkshire on the 2nd, Chairman Buffett will answer shareholders' questio

The New York Stock Exchange closed with gains. This was due to the strong increase in U.S. jobs last month despite the tariff policies of the Donald Trump administration. On the 2nd (local time) at the New York Stock Exchange (NYSE), the Dow Jones In

Political Instability and US-China Negotiation Expectations Cross 1,405 Won per Dollar... Lowest in 5 Months The foreign exchange market rode a roller coaster as concerns about political instability and expectations of easing US-China tensions crosse

Former Prime Minister Han Duck-soo Announces Candidacy for the 21st Presidential Election Highlighting 'Economic and Trade Expert'... Promises '3-Year Term' Constitutional Amendment Former Prime Minister Han Duck-soo announced his candidacy for the 2

Won-Dollar Exchange Rate at 1430 Won Level Amid expanding domestic political uncertainty, the KOSPI and KOSDAQ indices started lower. The Korean won is also showing weakness. As of 9:04 a.m. on the 2nd, the KOSPI is indicating 2548.59, down 8.02 poin

April consumer prices continued to rise in the 2% range for the fourth consecutive month. According to Statistics Korea on the 2nd, the April consumer price index was 116.38 (2020=100), up 2.1% from the same month last year. The consumer price inflat

Nasdaq 1.52%↑ All three major indices of the New York Stock Exchange rose together. Investor sentiment was ignited as Microsoft (MS) and Meta announced strong performances. News also came that the US and China are engaging in trade negotiations. On t

The Chinese side announced on the 1st that the United States has been reaching out through various channels amid the escalating tariff war between China and the US. The social media channel 'Weiyuantantian', operated by China Central Television (CCTV

The case of Lee Jae-myung, the Democratic Party's presidential candidate, violating the Public Official Election Act has been remanded by the Supreme Court with a guilty intent. The Supreme Court's full bench (Presiding Justice Park Young-jae) overtu

Meta, which was expected to be hit by the Trump-initiated tariff war, announced results that far exceeded market expectations. The use of artificial intelligence (AI) in personalized advertising proved effective, significantly increasing advertising

Key Interest Rate at 0.5% Annually Growth Forecast 1.1→0.5% The Bank of Japan kept its key interest rate unchanged at 0.5% on the 1st. The economic growth forecast for this year has been revised down from 1.1% to 0.5%. This is attributed to the impac

Ministry of Trade, Industry and Energy Announces April Export-Import Trends Total Exports $58.2 Billion, Surplus $4.8 Billion April exports to the United States decreased by 6.8% year-on-year to $10.6 billion. The trade surplus with the US also decre

Bets on the Fed's rate cuts are rapidly increasing in the market. This is because concerns about a U.S.-led recession have begun to be seriously reflected, beyond the caution against 'stagflation' due to tariff-induced growth slowdown and inflation.

Dow & S&P500 Rise for 7 Consecutive Trading Days Nasdaq Closes Slightly Lower The New York Stock Exchange managed to recover early losses despite the shock of economic contraction. On the 30th (local time) at the New York Stock Exchange (NYSE), the D

Trump Tariff Boomerang... US 'Negative Growth Shock' Q1 GDP Growth Rate -0.3% Impact of Increased Imports and Reduced Government Spending Plummeted by 2.7%P Compared to Last Q4 'Recession' if Negative Growth Continues in Q2 The US economy showed nega

FOMC on 6-7 May... Deepening Concerns Negative Growth in Q1 Amid Rising Prices Fed Unlikely to Persist with Rate Freeze The U.S. Gross Domestic Product (GDP) experienced negative growth in the first quarter of this year, complicating the Federal Rese

Economic Data Worsens Rapidly with GDP Contraction and Employment Slump Morgan Stanley Warns of 'Stagflation' The New York stock market turned to a decline on the 30th (local time) as data showed the US economy contracted in the first quarter, ending

Economists Exceed 0.2% Forecast "Tariffs to Impact Growth Over the Next 6 Months" Forecast The Eurozone economy recorded a stronger-than-expected growth of 0.4% in the first quarter. On the 30th (local time), Eurostat, the statistical office of the E

Trump Promised More Jobs... 'Economic Barometer' UPS "20,000 Layoffs 73 Logistics Facilities to Close in the US" Largest Trade Deficit in March After Tariff Announcement Shockwaves from Logistics to Manufacturing and Retail Contrary to the Trump admi

Minseung Kim's ₿ficial What does crypto mean to you? About ten years ago, I worked with three Americans and one Briton. One day, John, an American, came with a piece of writing and angrily asked, "Does this make sense?" The writing was as follows: "H

Duty-free for 15% of the Value of Cars Made in the US, Reduced to 10% in the Second Year The Trump administration is temporarily reducing the tariff burden for two years on companies manufacturing cars in the United States that import parts from abro

The government reaffirmed its stance not to rush negotiations, countering U.S. Treasury Secretary Scott Besant's remarks that 'Korea wants to establish the basic framework for trade negotiations before the presidential election.' On the 30th, the Min