Korea Economic Daily

Meeting with the Big Three Credit Rating Agencies "Feeling Strong Resilience Amid Political Turmoil" Vice Minister Choi: "System Operating Normally" The three major global credit rating agencies, Standard & Poor's (S&P), Moody's, and Fitch, met with

"Decision Based on National Stability and Alleviating Public Anxiety" Kwon Seong-dong, the floor leader of the People Power Party, stated on the 13th that regarding the party's stance on the impeachment motion against President Yoon Seok-yeol, "I wil

Kwon Seong-dong, the floor leader of the People Power Party, announced that the party's decision on the impeachment vote against President Yoon Seok-yeol will be made on the 14th. After a closed senior meeting on the 13th, Floor Leader Kwon held a pr

The won-dollar exchange rate slightly rose (won value fell) a day before the impeachment vote against President Yoon Suk-yeol. Amid ongoing political uncertainty, the value of the dollar also rose, keeping the exchange rate above 1430 won for three c

The impeachment motion against President Yoon Suk-yeol, initiated for the second time by the Democratic Party of Korea and other opposition parties, is scheduled to be voted on at the National Assembly plenary session on the 14th. Jeong Myeong-ho, Se

One Day Left Until the Second Vote on Yoon's Impeachment Bill 8 Ruling Party Members Needed for Approval, Already 7 in Favor As the second vote on President Yoon Suk-yeol's impeachment bill approaches, there are observations that the People's Power P

Special statement a day before the second impeachment vote "People Power Party members, please join the vote in favor" Lee Jae-myung, leader of the Democratic Party of Korea, urged the passage of the impeachment motion against President Yoon Seok-you

The People Power Party's Ethics Committee, which convened past midnight to discuss the expulsion and departure of President Yoon Suk-yeol, failed to reach any conclusion. There was a clash between those who believed disciplinary action was necessary

2025 Economic and Financial Market Predictions Foreign Exchange Market Outlook "In the Trump 2.0 era, the Won-Dollar exchange rate could become fixed above 1400 Won." Hansangchun, a guest editorial writer for Hankyung, stated at the '2025 Domestic an

2025 Economic and Financial Market Predictions Domestic Asset Management Experts Gather... Present Global Investment Strategies 'Trump Risk' Strikes Hard US Protectionism and America First Policy Global Funds to Flow Heavily into the US This Year, Se

Borrowed Dollars in Preparation for Uncertainty 'Interest Bomb' Boomerang as Exchange Rates Soar Corporate Profits of Hundreds of Billions 'Vaporize' Emergency Low Credit SMEs Likely to Collapse First The soaring won-dollar exchange rate has put not

Reuters: "China Preparing for Tariff Bomb" Canada and EU Lower Interest Rates, Weakening Currencies Japan's Rate Hike Expectations Shattered, Yen Plummets The U.S. government has warned that it will not tolerate currency manipulation by its trading p

The Won-Dollar exchange rate closed at the 1430 won level for two consecutive days. The rate, which had been declining due to expectations of a U.S. interest rate cut, rebounded after President Yoon Suk-yeol's public address. The weakness of the Chin

Nasdaq Surpasses 20,000 for the First Time Since Its Inception in 1971 Led by Tesla and Alphabet in a Bull Market "Elon Musk Surpasses $400 Billion in Net Worth for the First Time in History" On the 11th (local time), the tech-heavy Nasdaq index on t

The Democratic Party of Korea strongly criticized President Yoon Suk-yeol's address to the nation on the 12th and demanded the People Power Party to allow a free vote on the impeachment motion against President Yoon on the 14th. Kim Min-seok, a top m

"Polarized Politics Make Structural Reforms Difficult... Cooperation Between Parties Needed" "The declaration of martial law and the military's entry into the National Assembly was a 'Black Swan' (an entirely unexpected crisis) event. If political co

KOSPI's Gain Reduced from 1% to 0.2% After President Yoon's Address Foreign Selling Volume Expanded from 60 Billion to 150 Billion Won-Dollar Exchange Rate Rises Above 1,430 Won Intraday Yoon: "Viewing Martial Law as Rebellion Puts Constitution at Ri

President Yoon Suk-yeol stated on the 12th, through a national address regarding the martial law situation, that "there were many serious issues that couldn't be disclosed until the decision to declare martial law was made." The following is the full

Nasdaq Reaches 20,000 for the First Time in History Tesla Surges 5%... "Musk's Net Worth Estimated at 628 Trillion Won" On the 11th (local time), the Nasdaq Composite Index on the New York Stock Exchange reached the 20,000 mark for the first time in

Core CPI excluding energy rises 3.3% This month's base rate likely to drop by 0.25%P The U.S. Department of Labor announced on the 11th that the Consumer Price Index (CPI) for November rose 2.7% year-on-year and 0.3% month-on-month. This is in line w

Offshore Yuan Falls to 7.29 Per Dollar Forex Strategists Predict Yuan to Fall to 7.5 Per Dollar in First Half of Next Year China, facing a trade war with the United States, announced on the 11th (local time) that it is considering allowing currency w

Atmosphere of Ruling Party Lawmakers Participating in the Vote At least 5 have defected so far Ahead of the re-vote on President Yoon Suk-yeol's impeachment motion on the 14th, there is growing momentum for the motion to pass. Many assess that the ru

Following Ahn Cheol-soo, Kim Ye-ji, Kim Sang-wook, and Cho Kyung-tae, the fifth Kim Jae-seop "The most orderly resignation is impeachment" Kim Jae-seop, a member of the People Power Party, announced on the 11th that he would vote in favor of the impe

'8 Votes from People Power Party' Would Pass Impeachment… "Around 10 in Favor" If 'No Vote Participation' is Decided as Party Policy, Numbers Could Change Floor Leader Election on the 12th… Kim Sang-wook: "A Proper Executive Should Come In" The Democ

"Trump Family Turned to Cryptocurrency Due to Banking Restrictions" Eric Trump, the son of U.S. President-elect Donald Trump, stated that his father will be the most 'pro-cryptocurrency' president in American history. On the 10th (local time), Eric T

On the 11th, the won-dollar exchange rate surpassed 1,430 again as caution spread a day before the announcement of the US Consumer Price Index. On this day, the exchange rate of the Korean Won against the US Dollar in the Seoul foreign exchange marke

The New York stock market fell in unison. It is interpreted that the market declined as profit-taking expanded amid a differentiated market ahead of the Consumer Price Index (CPI) announcement. In particular, the earnings of TSMC, the world's largest

Initially revised from a 1.9% increase to a 0.8% increase Labor productivity increased at an annual rate of 2.2% U.S. labor costs in the third quarter rose at an annual rate of 0.8%, falling short of the initial forecast. In contrast, productivity in

The won-dollar exchange rate fell by more than 10 won (appreciation of the won) to the 1420 won range. Although the sharp upward trend from the previous day was somewhat reversed, it remained at a high level compared to before the declaration of mart

KOSPI and KOSDAQ have strongly rebounded. Thanks to foreigners and institutions stepping in for bargain hunting. Expectations for China's economic stimulus also contributed to the stock price rebound. However, individuals continue to sell off. On the