Korea Economic Daily

President Donald Trump dismissed the 'overreach controversy' related to Elon Musk, the head of the Department of Government Efficiency (DOGE), who is leading government spending cuts. Instead, he defended Musk and supported DOGE's aggressive actions.

"Negative growth for the first time in 4 years"... Plummeting Japanese economy Forecast by 10 economists "Real GDP decreases by 0.2%" Inflation leads to reduced consumer spending Last year, the Japanese economy was observed to have experienced negati

Trump's Tariff War Becomes a 'Boomerang' for the US Stock Market Tesla Drops 5%, Apple 3% on First Trading Day After Tariff Announcement In Canada, Calls for "100% Tariff on Tesla" as Retaliation Apple Expands Supply Chain but Still Relies Heavily on

Quantum computer-related stocks are showing strength. This is due to Bill Gates, co-founder of Microsoft, opposing the remarks made by Jensen Huang, CEO of NVIDIA, who stated that it would take a long time for quantum computers to become commercializ

President Donald Trump of the United States has shown interest in Ukrainian rare earths. The implication is that there should be a price for the financial support the U.S. provides to Ukraine. According to Reuters and other sources on the 3rd (local

Major indices of the New York Stock Exchange fluctuated significantly. They started lower on news of high tariffs being imposed on Canada, Mexico, and China, but reduced losses as tariffs on Mexico were deferred. On the 3rd (local time), the Dow Jone

Trump: "Tariffs on China are the Opening Shot" U.S. President Donald Trump stated regarding the '10% tariff' imposed on China, "We will probably talk within 24 hours." President Trump, speaking to reporters at the White House on the 3rd (local time),

Surged Over 35 Won in 2 Trading Days Dollar Strengthens Amid Trade War Expansion Concerns Rate Cut Expected Despite Recession High Exchange Rate May Increase Bank of Korea's Concerns As Donald Trump, the President of the United States, enforced tarif

KOSPI 2.5%·Nikkei 2.8% ↓ Won-Dollar Exchange Rate Surges Over 14 Won As the Donald Trump administration in the United States opened the door to a 'global tariff war', stock markets in Asia, including Korea, Japan, and Taiwan, plummeted simultaneously

Deposit Interest Rate 'Annual 2% Era' Even Internet Banks Break 'Annual 3% Barrier' Acceleration of 'Money Move' to Stocks and Coins The era of annual 2% deposit interest rates has returned. Disappointed by low interest rates, investors have withdraw

Gold Prices Hit Record High... Trading Volume Also 'All-Time High' KRX Gold Spot at 138,000 Won per 1g Trading Volume Reaches 55.7 Billion Won 'Record High' "Preference for Safe Assets, Potential for Further Rise" Gold prices have soared to an all-ti

Jeong-sina, Kakao's CEO, likely to announce 'AI Alliance' SK Group Chairman Chey Tae-won and Samsung Electronics executives also scheduled to meet Sam Altman, the CEO (pictured) of OpenAI, the developer of the leading generative AI, ChatGPT, is visit

Sam Altman OpenAI CEO, Interview with Nihon Keizai Shimbun OpenAI and SoftBank to Build Japan's AI Infrastructure OpenAI is set to develop a generative artificial intelligence (AI) dedicated device to replace smartphones and its own semiconductor. Sa

Dollar Index rose by 1.34% compared to the previous trading day International Finance Center: "Potential for expanded trade friction between China and emerging countries" There are concerns that export competition between Korea and China may intensif

Meritz Securities advised on the 3rd that the announcement of tariffs by the second Trump administration on Mexico, Canada, and China is a "short-term tactical macro event that requires caution." Hwang Su-wook, a researcher at this securities firm, e

The won-dollar exchange rate surged by more than 20 won on the 31st. It reflected issues such as the announcement of China's DeepSeek new product, the hawkish rate freeze by the U.S. Federal Reserve (Fed), and the Trump administration's tariff threat

Tension in the Korean stock market is escalating as U.S. President Donald Trump opens the door to a tariff war. During Trump's first term, the initiation of the tariff war accelerated the withdrawal of foreign investors from the Korean stock market,

On the 1st (local time), as U.S. President Donald Trump imposed an additional 10% tariff on Chinese imports as previously announced, China warned of a 'countermeasure.' A spokesperson for China's Ministry of Commerce announced on its website on the 2

Holds Press Conference to Announce Tariff on $155.6 Billion Worth of US Products Prime Minister Justin Trudeau of Canada announced retaliatory tariffs against the United States after President Donald Trump imposed a 25% tariff on Canadian products. I

Prime Minister Justin Trudeau of Canada, President Claudia Sheinbaum of Mexico Declare readiness to respond... Criticism from major US media Canadian Prime Minister Justin Trudeau stated on the 1st (local time) that "Canada did not want this, but we

January 7th U.S. Employment Report Release Trump's Tariff Policy Also in Focus The biggest event for the New York Stock Exchange this week (3rd-7th) is the U.S. monthly employment report to be released on the 7th (local time). There is interest in wh

Ansan City in Gyeonggi Province announced on the 31st that it had seized virtual assets from habitual high-value delinquents last year, collecting a total of 68 million won in arrears. This is seen as a warning against the continuous detection of cas

White House Spokesperson Caroline Levitt announced in a briefing on the 31st (local time) "25% on Canada and Mexico... 10% on China" "Retaliatory measure for supplying illegal fentanyl and allowing its distribution in the U.S." The White House reaffi

Trump Enforces Tariffs on February 1 Tariffs on Canada, Mexico, China New York Stock Market's Three Major Indices Close Lower The three major indices of the New York Stock Exchange closed lower after a sharp downturn in the early optimistic atmospher

In December of last year, the rise in the United States' Personal Consumption Expenditures (PCE) price index was announced to be in line with market expectations. As pointed out by the Federal Reserve, inflation continues to rise. This has strengthen

4 Trillion Won Net Inflow into TLT Last Month 10-Year Treasury Yield Also Stabilizing "Buy in Installments Around 4.5% Annually" Global funds are flocking to US long-term bond ETFs, which were previously shunned right after Donald Trump was elected P