Korea Economic Daily

Quality Job Creation Still Lacking Improvement Needed in Low-Income Countries Last year, as the global economy grew moderately, the unemployment rate hit a record low of 5%. It is expected to maintain a similar level this year. On the 16th (local tim

First Monetary Policy Committee of the New Year keeps base rate at 3.0% per annum Urgent need for exchange rate stabilization threatening 1500 won Lowering rates could spike exchange rates and increase inflation burden Review of effects from previous

Bank of Korea Governor: "Consumption and Construction Economy Fell More Than Expected After Martial Law" Koh Jeong-sam, Hankyung.com Reporter

The Canadian government has reportedly drafted a preliminary list of retaliatory tariffs in response to tariffs imposed by U.S. President-elect Donald Trump. The import volume of U.S. goods included in this list is said to amount to $105 billion (app

"Expectations for Fed Rate Cut Slightly Increased" The New York stock market closed sharply higher, buoyed by inflation slowdown indicators and earnings announcements from major U.S. banks. On the 15th (local time), the Dow Jones Industrial Average a

Reports from Reuters and Other Foreign Media Reconstruction in Three Phases Israel and the Palestinian militant group Hamas reached a ceasefire agreement on the 15th (local time), according to reports from Reuters, AP, and other foreign media. This c

20-year Treasury yield drops to 4.96% from over 5% Core CPI rises only 0.2%, lower than expected On the 15th (local time), the U.S. market, which had been worried about inflation and the suspension of interest rate cuts due to the December Consumer P

Last month, the pace of inflation increase in the U.S. slightly slowed down. Following the Producer Price Index (PPI), which rose less than Wall Street's expectations, the Consumer Price Index (CPI) also fell short of market expectations, reviving ho

Dollar Falls Ahead of US December CPI Release BOJ "Wage Increases to Support Consumption, Preparing for Rate Hike" The dollar turned weak ahead of the release of the US Consumer Price Index (CPI) for December, scheduled for the morning of the 15th lo

US Sanctions on Russian Energy Companies China and India Likely to Shift to Middle Eastern Sources Domestic Refineries Expect Profitability Recovery International oil prices have hit a five-month high, continuing their upward trend. The main reason c

Last Year's Employment Growth Halved…"Indicators for January-February Worse" 16,000 Increase in Employment…Below Expectations, Sharp Decline in Construction and Retail Due to Domestic Recession The significant decrease in the number of employed peopl

The Korean Won to US Dollar exchange rate failed to enter the 1450 won range. As the global strong dollar phenomenon slightly eased, the won-dollar exchange rate also fell slightly (the value of the Korean Won rose), but a steady trend appeared ahead

The Prosecution Office for High-ranking Officials (POHO) arrested President Yoon Suk-yeol on the 15th on charges including being the leader of a rebellion. This comes 43 days after he declared martial law on December 3rd and 32 days after the impeach

Pursuing Listing on KOSDAQ with Daishin Securities Blockchain infrastructure company DSRV announced on the 15th that it is likely to turn a profit for the first time in five years since its establishment. DSRV stated that it expects to achieve 10 bil

The succession process for 'Wall Street Emperor' Jamie Dimon, CEO of JP Morgan, has begun in earnest. Jennifer Piepszak, who has been identified as the successor to lead JP Morgan, has been appointed to the bank's second-in-command position. This app

Oil Prices Surge 7.5% Due to Russian Oil Export Sanctions "Sanctions Mean Higher Oil Prices... Biden Isn't Worried" $183.6 Billion Disappears with Student Loan Forgiveness Last-Minute Subsidy Rush... IRA Becomes Inflation-Inducing Law As President Jo

The U.S. Department of Labor announced on the 14th that the U.S. Producer Price Index (PPI) for December last year increased by 3.3% compared to the same month the previous year. The PPI, which aggregates the prices manufacturers pay for raw material

Gradual Increase of 2%~5% Monthly "Considering to Enhance Negotiation Power and Alleviate Inflation Pressure in the U.S." On the 20th local time, Trump's new economic team, which is being inaugurated, is discussing a plan to gradually increase tariff

10-Year Yield Nears 5%... US Major Stock Indices Weak This Year Inflation and Fiscal Deficit Expected from Trump 'Historically Overvalued Stock Market' Adds Pressure Demand Shifts to Safe Assets Instead of Stocks "Stock Market Short-Term Adjustment U

Korea Economic Daily Economist Club Survey More than half of the economic experts in the Korea Economic Daily Economist Club predict that the Bank of Korea will cut the current base rate of 3.0% by 0.25 percentage points at the Monetary Policy Commit

Global investment bank Goldman Sachs expects the Bank of Korea to cut its benchmark interest rate by 0.25 percentage points at the Monetary Policy Committee (MPC) meeting on the 16th. This analysis is based on the weakening growth momentum and downsi

The New York stock market closed mixed. The yield on the U.S. 10-year Treasury rose to nearly 4.8%, leading to continued weakness in tech stocks, but the Dow Jones Industrial Average, a major stock index, rose. On the 13th (local time) at the New Yor

◆ New York Stock Exchange Closes Mixed Amid Rising Treasury Yields Overnight, the New York Stock Exchange closed mixed amid rising Treasury yields and weak tech stocks. At the New York Stock Exchange early this morning, the Dow Jones Industrial Avera

The won-dollar exchange rate has risen above 1,470 won in two weeks. The strengthening of the dollar is due to the positive employment indicators in the United States, which have diminished expectations for a rate cut by the Federal Reserve (Fed). Th

"Conflict Between National Agencies Would Leave an Indelible Scar" Acting President Choi Sang-mok (Deputy Prime Minister and Minister of Economy and Finance, pictured) emphasized on the 13th that there should be no physical confrontation between the

The exchange rate has risen back to the 1,470 won level due to global dollar strength pressure. On the 13th, the won-dollar exchange rate opened at 1,473.2 won, up 8.2 won from the previous session in the Seoul Foreign Exchange Market. The rise in th