Korea Economic Daily

'Selling Wave' as Won-Yen Exchange Rate Soars Decreased by 15% in February Alone to 909 Billion Yen Last month, the yen deposit balance at the top five commercial banks plummeted by 15% in just one month. This is interpreted as the result of 'yen-tec

Minister In-kyo Jeong to Meet with USTR Representative Jamieson Greer Next Week Expected to Dispel Misunderstanding that "Korea's Tariffs are 4 Times Higher" and Request Mutual Tariff Exemptions As U.S. President Donald Trump mentioned Korea as an un

2025 First Half CEO Press Conference Lee Soon-ho, CEO of Korea Securities Depository (KSD), stated on the 6th, "We will thoroughly prepare our response capabilities for new markets such as token securities in anticipation of various electronic regist

Ruling party to hold government-private sector meeting on the 7th Both ruling and opposition parties have recently been competing to develop policies targeting cryptocurrency investors. There are views that they are trying to capture the hearts of vo

Major indices in the New York stock market rebounded after three trading days as U.S. President Donald Trump hinted at the possibility of easing tariff policies on Canada and Mexico. On the 5th (local time), near the close of trading on the New York

### White House Official Announcement  The Trump administration announced on the 5th that it will exempt automobiles from the 25%% tariff imposed on Mexico and Canada, which has been in effect since the 4th (local time), for one month. White H

Foreign exchange reserves decreased to below $410 billion at the end of last month. Despite the weakness of the US dollar, foreign reserves shrank to the $400 billion range for the first time in 4 years and 9 months due to measures taken in response

WTO MFN tariff rate chart shows Korea at 13.4%, 4 times higher than US Trump likely forgot about zero tariffs under Korea-US FTA President Trump claimed during his congressional address on the 4th (local time) that 'Korea imposes tariffs four times h

Is the US Falling into Recession? Stagflation Fears Loom "China & Mexico are 1st and 2nd Product Suppliers" Consumer Goods Companies Hit Hard... Target Down 13% Mexican Agricultural Products to Increase Prices Next Week Auto Industry: "Some Models Wi

### **Government: "Tariff Rate on US Imports at 0%% Range Due to FTA"** ### **"Will Explain to US Government Through Embassy in the US"**  The government has refuted US President Donald Trump's claim that 'Korea imposes tariffs four times high

Seoul Mayor Oh Se-hoon stated on the 5th that he would "create opportunities for growth centered on regulatory reform" during a meeting with fintech startup representatives. Mayor Oh said at a roundtable discussion held at Seoul Fintech Lab in Yeouid

It has been reported that the United States and Canada are working on a compromise regarding tariffs imposed by the Donald Trump administration. On the 4th (local time), the Wall Street Journal (WSJ) reported, citing anonymous sources, that the US an

The co-founder of Reddit, a major US social media platform, is entering the race to acquire TikTok's US operations. Alexis Ohanian, Reddit co-founder and venture investor, announced on the 4th (local time) via social media platform X (formerly Twitte

The Federal Reserve Bank of New York has predicted that prices will rise within this year due to U.S. President Donald Trump's tariffs. John Williams, President of the New York Fed, said at the Bloomberg Invest New York event on the 4th (local time),

The New York stock market closed lower across the board on June 4 (local time), the first day that President Donald Trump's new tariffs on imports from Mexico, Canada, and China took effect. On the New York Stock Exchange, the Dow Jones Industrial Av

Personnel Exchange with Ministry of Finance After 8 Years The Financial Services Commission and the Ministry of Economy and Finance have conducted a personnel exchange at the deputy director level. This is the first personnel exchange between the two

### **Canadian PM Trudeau on US Tariffs:** ### **"A Foolish Act Without Basis or Necessity"** ### ### **Mexico Also Announces Retaliatory Tariffs Against US** ### **Global 'Tariff War' Intensifies**  Canadian Prime Minister Justin Trudeau a

"Trump Administration's '25% Tariff' Has No Justification" The Mexican government has announced retaliatory tariffs on US products in response to the Donald Trump administration's 25% tariff on Mexican products. On the 4th (local time), President Cla

The Chinese government has pulled out a 'non-tariff retaliation card' against the Donald Trump administration's '10+10% tariff increase.' They announced the suspension of soybean imports from three US companies and US logs. On the 4th, China's Genera

Jang Ji-min, Hankyung.com Contributing Reporter newsinfo@hankyung.com

### **China and Canada Pull Out Countermeasures** ### **Additional Tariffs from 10th Targeting Iowa and Others** ### **10 Defense Companies Added to Trade Control List** ### **Canada Imposes Tariffs on 155 Trillion Won Worth of US Products** 

'Hedge Fund Industry Godfather' Dalio Selling Treasury Bonds Won't Solve the Problem Trump Must Tackle Budget Deficit Ray Dalio (pictured), founder of the world's largest hedge fund Bridgewater Associates, has warned that a serious debt crisis could

As expectations for interest rate hikes in Japan spread, the won-yen exchange rate approached 980 won per 100 yen. It has risen to its highest level in about 21 months since May 2023. The won-dollar exchange rate remained in the 1,460 won range due t

[Breaking] Reuters "U.S. Implements Suspension of Military Aid to Ukraine" Kim Soo-young, Hankyung.com reporter swimmingk@hankyung.com

Gold Banking Balance Exceeds 900 Billion Won for the First Time Large sums of money are flowing into gold investments as financial market volatility increases. This is to secure safe assets amid uncertainty. According to the financial sector, the gol

US-China Trade War Intensifies Again Summit Between Leaders Uncertain China has immediately pulled out its retaliation card against the US's new tariffs. It has decided to impose tariffs of up to 15% on US exports. According to Bloomberg on the 4th,

Interview with HappyBlock CEO Kim Gyu-yoon VASP registration completed with financial authorities Brokerage service for large-volume virtual asset transactions by corporations When using professional brokerage desk 'Bowman' platform Reduced setup cos