Korea Economic Daily

Kim So-yeon, Hankyung.com reporter sue123@hankyung.com

"Korea and U.S. Treasury Yields Matter More Than Foreign Stock Selling" The won weakened to 1,513 per dollar in early trading on May 20. In Seoul's foreign-exchange market, the won opened at 1,509 per dollar and climbed to the 1,513 level early in th

Go Jeong-sam, Hankyung.com reporter jsk@hankyung.com

Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

US stocks closed broadly lower on May 19 as a sharp jump in Treasury yields pressured risk assets. The Dow Jones Industrial Average fell 322.24 points, or 0.65%, to 49,363.88 on the New York Stock Exchange. The S&P 500 dropped 49.44 points, or 0.67%,

Samsung Electronics Co. and its union will continue negotiations over performance bonus criteria and other issues until a day before the planned strike. The two sides are set to resume post-mediation talks at 10 a.m. on May 20 at the National Labor R

U.S. bond investors sold Treasuries heavily on May 19 as inflation worries intensified, sending the 30-year Treasury yield as high as 5.181%, its highest level in 19 years. That was 3.5 basis points above the previous session and the highest since Ju

A second round of post-mediation talks between Samsung Electronics Co. and its union continued past the deadline set by South Korea’s Central Labor Relations Commission, as the two sides failed to narrow their differences in last-ditch negotiations.

LG Innotek shares have extended their record run, soaring nearly 110% over the past month. The rally reflects expectations for a sharp earnings improvement as the semiconductor substrate market recovers on the back of the artificial intelligence boom

Citadel Securities says the powerful flows that have pushed US stocks to record highs in recent weeks face a growing risk of reversing. Bloomberg reported on May 19 that, in a report published a day earlier, Citadel Securities said rising long-term U

Russia's intelligence service said Ukrainian troops are preparing an attack on Russia from Latvian territory and warned of retaliation. Ukraine and Latvia immediately denied the allegation. TASS reported on May 19 that Russia's Foreign Intelligence S

Park Soo-geun, chairman of the Central Labor Relations Commission, which is solely overseeing the post-dispute mediation between Samsung Electronics Co. and its union, said the outcome should become clear around 10 p.m. He said there would either be

The European Union is set to agree on May 19 to eliminate import tariffs on US goods, a follow-up step to the trade deal it struck with Washington last year, as it responds to President Donald Trump’s threat to restore a 25% tariff on automobiles. Un

President Donald Trump said May 18 that talks with Iran to end the war were nearing an agreement and that he would be satisfied if any deal barred Tehran from obtaining nuclear weapons. Trump made the remarks at a White House event on lowering drug p

President Lee Jae-myung and Japanese Prime Minister Sanae Takaichi agreed at a summit in Andong, North Gyeongsang Province, to deepen bilateral cooperation in energy, including liquefied natural gas and crude oil. The move brings the two countries to

Anthropic has declared invalid any purchases of its private shares made without approval from its board, fueling turmoil in the market for pre-IPO AI stocks. The move has also raised the prospect of a wave of lawsuits as valuations of artificial inte

Tokens based on publicly traded stocks in the US may soon be created and traded regardless of whether the underlying companies approve them. That would allow investors to buy and sell tokens bearing the names of Nasdaq-listed companies such as Tesla

More South Korean retail investors are turning back to US equities as the domestic market slips into a correction. With Samsung Electronics Co. and SK Hynix Inc., the country’s benchmark chipmakers, losing momentum, money is flowing into US semicondu

3.7% countervailing duty imposed on plate products "We will continue working to secure a reasonable improvement in the rate in future reviews" The US government has finalized a 3.7% countervailing duty, or CVD, on POSCO's plate products, adding to th

Labor Ministry petition alleges unlawful union bargaining About 1,000 members sign in support Nova says bargaining demands should be redrafted About 1,000 members of Samsung Electronics' branch of the Samsung Group super-enterprise union have backed

42.7% have fewer assets than the prepaid funds they owe customers Nearly half of South Korea’s funeral-service companies have total assets worth less than the prepaid funds they owe customers, a Korea Economic Daily review found. Losses on cryptocurr

A summit between President Donald Trump and Chinese President Xi Jinping in Beijing on May 14-15 is increasingly being viewed as more than an effort to patch up bilateral tensions. It marked a turning point that fundamentally altered the structure of

China sent an aircraft carrier group into the western Pacific four days after agreeing with the US at a leaders’ summit to build what both sides called a “constructive strategic stability relationship.” The deployment underscores Beijing’s push to ex

The Korea Exchange plans to widen exemptions under its market surveillance enforcement rules. With volatility rising in South Korea’s stock market and concerns growing that even large-cap shares could be flagged, the bourse will fully exclude the top

$14.8 billion in assets under construction, $22.5 billion in commitments for projects yet to break ground Spending gathers pace at Yongin cluster and Cheongju packaging fab Nomura lifts target price to 4 million won on HBM growth bet SK Hynix’s mediu

Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

South Korea’s Kospi fell nearly 2% in early trading on May 19, slipping below the 7,400 mark as foreign and institutional investors sold after overnight weakness in US technology stocks. As of 9:07 a.m., the Kospi was down 144.19 points, or 1.92%, at

Kospi opened 1.2% lower, slipping below the 7,400 level. Ko Jeong-sam, Hankyung.com reporter, jsk@hankyung.com