Korea Economic Daily

"OpenAI Not for Sale" The board of OpenAI, the company behind ChatGPT, officially rejected Tesla CEO Elon Musk's proposal to acquire shares for $97.4 billion on the 14th (local time). Bret Taylor, chairman of OpenAI's board, stated in a statement on

Unclear whether April 2 is implementation date for auto tariffs Automobiles are 1 export to US... Variable factor for Korean exports President Donald Trump said on the 14th (local time) that he plans to announce tariffs on imported vehicles around Ap

### Shinhan Invests 1 Billion Won in KDAC ### KB Establishes Korea Digital Asset ### Hana, Woori, and NH Secure Allies ### Strengthening Cooperation with Cryptocurrency Exchanges  Major commercial banks are eyeing the custody market, which inv

Record High Premium Amid Gold Shortage Physical gold in Korea is trading at nearly 20% higher than international prices. This excessive 'Kimchi Premium', similar to the Bitcoin market, is raising concerns. According to the Korea Exchange and London B

### Custody Market Expected to Explode with Increased Corporate Investment ### Shinhan Bank Moves to Increase Capital in Custody Company ### Adopts Preemptive Share Expansion Strategy ### ### Hana Bank Working Behind the Scenes to Compete with Ind

Trump Acts as 'Leader' for US Companies "Will Address Non-Tariff Barriers Through Tariffs" The Trump administration has decided to impose reciprocal tariffs starting from April 2, considering both tariffs and non-tariff barriers of trading partners.

Criticizes EU VAT while announcing reciprocal tariffs on the 13th (local time) Interprets VAT as effectively functioning as tariffs Korea also applies 10% VAT U.S. President Donald Trump has pointed to countries that impose Value Added Tax (VAT) as t

"Justices Kim Hyung-doo and Jung Hyung-sik expected to uphold impeachment" Democratic Party Representative Park Beom-gye, former Minister of Justice under the Moon Jae-in administration, stated on the 14th regarding President Yoon Suk-yeol's Constitu

Major indices on Wall Street closed higher after President Donald Trump indicated room for negotiation while announcing 'reciprocal tariffs' policy. On the 13th (local time), the Dow Jones Industrial Average closed up 342.87 points (0.77%) at 44,711.

◆ NY Stock Market Rises as Tariff Uncertainty Clears The three major New York stock indices closed higher. This is interpreted as uncertainty being removed after President Donald Trump announced his reciprocal tariff plans. As of the 13th Eastern Tim

Official announcement of reciprocal tariffs on the 13th (local time) Analysis of tariff structures from 200 countries Detailed reciprocal tariff plan to be completed by April 1st Trump: 'Korea and Japan taking advantage of US... No exemptions or exce

Trump and Putin Reach Sudden Agreement "Immediate Start of Negotiations" in Phone Call Zelenskyy Also "Wants to Achieve Peace" Korean Companies May Participate in Reconstruction Construction and Heavy Equipment Stocks Surge U.S. President Donald Trum

On the 13th (local time), U.S. President Donald Trump announced a press conference to declare reciprocal tariffs on various countries. President Trump stated through his social media platform Truth Social, "It's been a great three weeks, perhaps the

Listed Companies Can Invest in Cryptocurrencies from Second Half FSC Prepares Corporate Participation Roadmap Government Agency-Held Coins Allowed to be Liquidated Bitcoin Spot ETF Introduction Postponed From the second half of this year, 3,500 entit

On the 13th (local time), U.S. President Donald Trump announced upcoming reciprocal tariffs on various countries. President Trump stated through his social media platform Truth Social, 'It's been a fantastic three weeks, perhaps the best ever. But to

Trump Pressures "Interest Rates Should Be Lowered" Donald Trump administration's tariff policies are increasingly likely to stimulate inflation, and President Trump's public pressure to lower interest rates is making policy decisions difficult for Fe

The won-dollar exchange rate entered the 1,440 won range on the 13th. This is the first time in six trading days since the 7th that the exchange rate has been in the 1,440 won range. This is attributed to the revival of risk appetite as expectations

Trump Signs Executive Order Targeting India, Europe with Large Tariff Gaps May Target South Korea's 'Ambiguous Non-tariff Barriers' Possible Pressure for Korea-US FTA Renegotiation As President Donald Trump's promised reciprocal tariffs are expected

US Big Tech Q4 Earnings Reports Meta rises 7% in 2 weeks on 'revenue growth' Tesla plunges 18% on disappointing results All eyes on Nvidia's earnings on the 26th M7 valuation concerns... attention turns to alternatives The Magnificent 7 (M7) companie

US January CPI Rise Records 3%, Higher Than Expected 2.9% Housing Costs and Eggs Lead Inflation Lodging Fees and Used Car Prices Also Rise Due to Western Wildfires Fed Expected to Cut Rates Only Once This Year The US Consumer Price Index (CPI) rose t

Sundar Pichai, CEO of Alphabet (Google's parent company), predicted that "practically useful quantum computers will be possible in 5 to 10 years." According to Bloomberg on the 12th (local time), CEO Pichai stated at the World Government Summit held

The major indices of the New York Stock Exchange showed volatility and ended mixed. It seems that the sell-off was triggered by the higher-than-expected inflation rate in the U.S. in January. On the 12th (local time) at the New York Stock Exchange (N

◆Trump Agrees to Start Ceasefire Talks with Putin and Zelensky U.S. President Donald Trump agreed to start ceasefire talks immediately during a call with President Putin on the morning of the 12th local time. In a subsequent call with President Zelen

U.S. President Donald Trump has agreed to initiate negotiations to end the Ukraine war after consecutive phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky. On the 12th (local time), President Trump announced

The conflict between the central bank, which aims to control inflation, and the administration, which seeks to stimulate the economy, is becoming more pronounced. U.S. President Donald Trump stated on Truth Social on the morning of the 12th (local ti

Dollar Index Rises 0.3% and Treasury Yield Soars to 4.649% Interest Rate Swap Market Expects Only One 25bp Rate Cut This Year As the January Consumer Price Index (CPI) rose more than expected, inflation concerns reignited, leading to a drop in stocks

0.5% ↑ from Previous Month…Exceeds Expectations Caution on Rate Cuts Likely to Spread Further The U.S. Consumer Price Index (CPI) for January surpassed market estimates, showing a strong upward trend. Analysts suggest that the higher-than-expected fi

Hang Seng Tech Index Soars 25% in a Month US M7 Rises Only 0.5% in the Same Period The Hang Seng Tech Index in Hong Kong has surged 25% in a month, driven by the rally in Chinese tech stocks. This is attributed to the renewed interest from global inv

Focus on 'Work Efficiency'... Accelerating Development of GSA Chatbot 'GSAi' "Cooperate with Government Efficiency Department's Downsizing Plan" Trump Signs Executive Order to Empower Musk Promotes Productivity Enhancement with AI DOGE's Musk Kids as