Korea Economic Daily

Warning on spreading house price increases in Seoul "As housing transactions increase, debt rises with a 1-2 month lag...we're watching carefully" Additional rate cuts in first half may not happen The Bank of Korea has assessed that the recent increa

Trump "Will reclaim what other countries have stolen" "It will be a very important day for the US" To Ireland with low corporate tax "You took our pharmaceutical companies" On EU retaliation "We will win" €26 billion in tariffs imposed on US Warns of

"Emphasizing Practical Negotiations with the US" The UK has decided to withhold immediate retaliatory measures against US President Donald Trump's steel and aluminum tariffs. This approach contrasts with China, Canada, and the European Union (EU), wh

Despite the slowdown in US inflation rate, the KRW-USD exchange rate slightly increased (Korean won value decreased). This appears to be due to a preference for safe-haven assets as global trade wars show signs of intensifying. On the 13th, the KRW-U

$1.5 Trillion Deficit in First 5 Months of Fiscal Year 2025 Interest Burden on Government Debt Alone Reaches $478 Billion The U.S. government's budget deficit for the first five months of this fiscal year has reached a record high. Analysis suggests

Seulki Lee, Hankyung.com reporter seulkee@hankyung.com

Press Conference at 2 PM in Front of Seoul High Prosecutors' Office President Yoon Suk Yeol's legal representatives announced they will hold a press conference on the 13th. They are expected to share their views on the ongoing controversy following t

Impeachment motions against Auditor General and Chief Prosecutor dismissed Unanimous opinion... returning to duty after 98 days of suspension The Constitutional Court dismissed all impeachment motions filed by the National Assembly against Auditor Ge

"Tariffs to be fully implemented from March... Need to monitor price trends" "Interest rates expected to remain unchanged at March FOMC" The US Consumer Price Index (CPI) for February came in below expectations. Analysts say concerns about stagflatio

The New York stock market partially recovered from a sharp decline as the February U.S. Consumer Price Index (CPI) rose less than market expectations. On the 12th (local time), the Dow Jones Industrial Average closed down 82.55 points (0.20%) at 41,3

 U.S. President Donald Trump said on the 12th (local time), "Now (the ceasefire) depends on Russia." President Trump made this statement during public remarks before a summit with Irish Prime Minister Micheál Martin at the White House, saying,

"President Will Add Copper to Trade Protection Measures" "Steel, Aluminum, Semiconductors, and Pharmaceuticals Are Essential Products That Must Be Made in America" U.S. Commerce Secretary Howard Rutnick said nothing can prevent the expansion of 25% t

Planning to impose retaliatory tariffs of about 30 trillion won Canada announced on the 12th that it will impose a 25% retaliatory tariff on US steel and aluminum imports worth $21 billion (approximately 31 trillion won) starting from the 13th (local

Consumer Prices Below Expectations Core Inflation Limited to 3.1% Increase 74% Probability of First Rate Cut in June Markets breathed a sigh of relief as the U.S. Consumer Price Index (CPI) for February came in below market expectations, causing Trea

"If reciprocal tariffs actually take effect, recession risk could exceed 50%" "If Trump administration undermines trust in US, position as investment destination could be damaged" JPMorgan forecasts that the probability of the US falling into a reces

Nvidia, Tesla, Intel, Palantir and Others Rise On the 12th (local time), the US stock market showed recovery from a three-week decline. Some investors bought up technology stocks like Nvidia, Tesla, and Meta Platforms that had fallen sharply, taking

Possibility of consumer price rebound for several months after March noted Fed rate cut in June more likely if recession concerns grow S&P500 and Nasdaq futures rebounded more than 1% The US stock futures market is breathing a sigh of relief thanks t

White House Spokesperson Employs Tariff Charts for Japan, India, and EU Japan Fails to Secure Tariff Exemption As the White House mentions Japan's rice tariffs, the possibility of Japanese grain tariffs becoming a target in the process of the US impo

"Proportional response to US tariffs that took effect on the 12th" Targeting products from Republican strongholds including steel, bourbon, agricultural products, and motorcycles Four times larger than tariffs imposed during Trump's first term The Eu

South Korea's 'Duty-Free Quota' Abolished EU Imposes Retaliatory Tariffs Worth 41 Trillion Won The 25% tariff that the United States announced it would impose on steel and aluminum went into effect at 12:01 AM local time (1:01 PM Korean time) on the

Both Countries to Form Security Guarantee Task Force Discussions on Suspended Mineral Agreement Gain Momentum Rubio: "The Ball is in Russia's Court" Trump and Putin Expected to Speak This Week The United States and Ukraine reached a sudden agreement

25% Tariffs on Steel and Aluminum... Trade War Spreading Worldwide Hit Harder If You Stand Against the US Canada Imposes Surcharge on Electricity to the US Trump Withdraws "50% Tariff" Threat Steel and Aluminum Are Just the Beginning Tariffs on Semic

EU Announces Retaliatory Tariffs Against US Business Environment at 'Zero Hour' WSJ: "The Most Foolish Trade War in History" Just 50 days after Donald Trump was inaugurated as US President on January 20, the entire world has been fully drawn into the

"Largest deleveraging in 4 years" U.S. investment bank Goldman Sachs has lowered its year-end target for the S&P 500 index from 6500 to 6200, citing Trump's tariff uncertainty and growth concerns. Goldman Sachs stated this in an investment memo on th

Extradited to Korea after 5 weeks of local arrest Exploiting romantic feelings to extort money Some members claim to be victims of employment fraud A Korean criminal organization that had been running 'romance scams' and 'cryptocurrency investment fr

Korea has officially begun to feel the impact of 'Trump tariffs'. The United States implemented a measure imposing a uniform 25% tariff on steel and aluminum imports starting at midnight on the 12th (local time). This is the first case where Trump's

Despite confusion over President Donald Trump's tariff policies, the New York stock market reduced its losses on the 11th (local time) due to hopes for a ceasefire in Ukraine and expectations of easing trade tensions. On this day, the Dow Jones 30 In

As Retaliation for Ontario's Electricity Price Increase to the US President Donald Trump announced on the 11th (local time) that he will raise tariffs on Canadian steel and aluminum to 50% as retaliation for Ontario's 25% increase in electricity pric

Delta and American Airlines Lower This Year's Demand Outlook Amid a lack of significant buying interest following the previous day's sharp decline, the US stock market continued its downward trend on the 11th (local time), though it opened mixed as s