Korea Economic Daily

◆ New York Stock Market Falls on Trump's Tariffs and NVIDIA Earnings Concerns The New York stock market closed lower on the 27th local time due to US President Donald Trump's announcement of tariffs on Mexico, Canada, and China, as well as concerns a

OpenAI has unveiled its latest artificial intelligence (AI) model, GPT-4.5. The new model is OpenAI's last non-reasoning model and features improved emotional intelligence (EQ) compared to its predecessor. On the 27th (local time), OpenAI announced t

Taiwan, Germany, UK Lower GDP Forecasts Impact Will Worsen If Trade War Escalates As President Donald Trump signals widespread tariff impositions, countries around the world are successively lowering their economic growth forecasts for this year. Tai

Fed Focuses on 'Recession Signal' Analysis suggests that the inversion of long and short-term US bond yields indicates an 'abnormal signal' for the US economy. According to US CNBC and other sources on the 26th (local time), the yield on 10-year US T

Southern District Prosecutors' Office's Digital Asset Joint Investigation Team Officially Established as 'Joint Investigation Division' Prosecutor General Woo-jung Shim: "Digital Asset Market is Murky... Will Respond Strictly" The Seoul Southern Dist

NYSE Major Indices Mixed The New York Stock Exchange closed mixed as NVIDIA earnings expectations and tariff concerns offset each other. On the 26th (local time), the Dow Jones Industrial Average closed at 43,433.12, down 188.04 points (0.43%) from t

Corporate profit growth continues despite Trump policy uncertainties "Corporate performance outlook more important than policies" Wall Street expects the S&P 500 to close approximately 9% higher than current levels by year-end. However, analysts also

Elon Musk, CEO of Tesla, remains the world's wealthiest person despite losing $52 billion in net worth this year due to Tesla's stock decline. On the 25th (local time), CNN reported that according to the Bloomberg Billionaires Index, while Musk's net

Tesla Falls 8% on Sales Volume Decline Concerns Major U.S. indices weakened amid deteriorating consumer indicators and concerns about economic contraction. On the 25th (local time), the Standard & Poor's (S&P) 500 index closed at 5955.25, down 28 poi

President Yoon's 11th Impeachment Trial First 'Incumbent President' Final Statement in Constitutional History Criticizes Opposition While Defending Martial Law Legitimacy Makes Strategic Move with Constitutional Amendment Card Premised on Term Reduct

Base Rate Cut by 0.25%P Significant Downward Revision from Previous 1.9% Forecast Lee Chang-yong: "U.S. Tariff Uncertainty Has Increased" The Bank of Korea significantly lowered this year's economic growth forecast from 1.9% to 1.5% on the 25th. The

Polymarket records betting amount of 9.1 billion won on Yoon's impeachment 'President Yoon impeachment stock' priced at $0.80 On the 25th, the day of the final pleading for President Yoon Suk Yeol's impeachment trial, Polymarket, the world's largest

Bank of Korea's Scenario Analysis Trump's Tariffs Stronger Than Expected Next Year's Growth Rate Could Drop 0.4%P The Bank of Korea warned on the 25th that if the global tariff war initiated by U.S. President Donald Trump reaches its worst case scena

"Must Accept Moving Away from High Growth Era No New Industries to Drive Growth for Next 10 Years" Bank of Korea Governor Lee Chang-yong (pictured) stated on the 25th that regarding BOK's 1.8% economic growth forecast for next year, "we must accept t

Partial Business Suspension for 3 Months Hundreds of Thousands of Violations Including Transactions with Unregistered Operators and Customer Due Diligence Failures Fines Excluded from Current Measures... "To Be Determined Through Future Sanctions Rev

Bank of Korea Governor Lee Chang-yong announced on the 25th that there will be 1-2 more base rate cuts this year. At a press conference following the Monetary Policy Committee meeting, Governor Lee stated, "The market's expectation of 1-2 more rate c

The Bank of Korea decided to lower the base rate by 0.25 percentage points from 3.0% to 2.75% annually on the 25th. The BOK made this decision at the Monetary Policy Committee meeting held at the BOK headquarters in Namdaemun-ro, Seoul this morning.

Major indices on the New York stock market closed mixed with a downward trend. The tech-heavy Nasdaq Composite fell more than 1%, while the Dow Jones Industrial Average, which managed to rise, barely showed a slight gain. The main impact came from do

"Mexico Must Impose Tariffs on Chinese Products to Avoid 25% Tariff" Memo Directs Foreign Investment Committee to Restrict Chinese Investment Proposes Fees on Use of Chinese Ships The 10% tariff was just a taste. The Trump administration has substant

First time in 5 years since COVID-19 Kim Byung-hwan: "Considering international credibility" Short selling will be allowed for all listed companies from the end of next month. This comes 5 years after the complete ban implemented in March 2020 due to

On the day before the Bank of Korea's key interest rate decision, the KRW-USD exchange rate fell to the 1,420 won level. As the dollar weakened, the exchange rate dropped to its lowest level in two and a half months. Analysts say this gives the BOK m

Middle East AI Market Shows Rapid Growth AI Investment Expanding for Industrial Structure Reform Mistral Launches Arabic-based AI Accenture Opens Data Center in Saudi Arabia Naver Also Developing Arabic LLM Global artificial intelligence (AI) compani

As the won-dollar exchange rate has been fluctuating significantly recently, companies have increased their dollar deposits to the highest level in two years. Export and import companies are particularly seen to be securing dollars for contingency pu

Kim Byung-hwan's Monthly Press Conference "System and regulations refined for over a year... Full resumption necessary to be meaningful" Ahead of the resumption of short selling next month on the 31st, FSC Chairman Kim Byung-hwan clarified that "all