Korea Economic Daily

[Breaking News] Prosecutor General Sim Woo-jung Orders Direct Investigation into 'Yoon's Rebellion Charges' Kim Soo-young, Hankyung.com Reporter swimmingk@hankyung.com

'Compensation for Damages' User Complaints Filed Financial Authorities "Preparing Measures to Prevent Recurrence" On the 3rd, following the declaration of martial law, the financial authorities began an inspection related to the 'outage incident' of

Financial Supervisory Service Holds Financial Situation Review Meeting "Detect and Address Even Small Signs of Abnormalities" Re-examine Financial Companies' Emergency Response Plans Strengthen Monitoring of Abnormal Transactions in the Virtual Asset

"Only Short-term Shock During Roh and Park's Impeachment" "Separation of Political and Economic Issues" "Martial Law Declaration Causes Major Shock Abroad" "Inquiries So Numerous It's Hard to Respond" Lee Chang-yong, Governor of the Bank of Korea, st

Foreigners Net Selling 200 Billion Won Financial Stocks Weak for Second Day The KOSPI index is showing a downward trend. Despite the U.S. stock market closing at a record high overnight, it is interpreted that the alertness due to the martial law sit

Fed Chair Jerome Powell hinted at a rate cut. The current U.S. economic situation is much better than it appeared in September when the base rate was first cut. On the 4th (local time), Powell attended a New York Times DealBook event and said, "We ar

"President Yoon's Martial Law Declaration, a Severe Misjudgment...Highly Problematic and Illegitimate" 'Is it an Intelligence Failure?' Questioned, "All Korean Counterparts Surprised" Kurt Campbell, U.S. Deputy Secretary of State, described President

Dow Jones Industrial Average Closes Above 45,000 for the First Time NVIDIA and 'Magnificent Seven' Surge Salesforce and Marvel 'Surprise Performance' with Sharp Rise Powell: "US Economy Looks Good Enough to Surprise" The three major indices of the Ne

"Even if the party does it, it's too much, showing that" The fact that President Yoon Seok-yeol declared an emergency impeachment was interpreted as a measure to warn the Democratic Party, as it was conveyed that there was no intention to actually im

"Korean market volatility rising and trust declining" "Possibility of adjustment towards credit rating" Some see it as an opportunity for low-cost purchases like anti-government protests Global investors are distancing themselves from Korean assets f

Kim Yong-hyun, Minister of National Defense, "Apologies to the People... Offered Resignation to the President" Shin Min-kyung, Hankyung.com reporter

Fluctuating Financial Market...Stock Market Weakens, Exchange Rate Rises KOSPI Falls 1.4% to Break 2500 Mark Exchange Rate Drops from 1442 Won to 1410 Won The political turmoil caused by President Yoon Seok-yeol's unexpected dismissal of the non-perm

Political Power 'Impeachment of the President' Enters Proposal of 28-page Impeachment Plan for A4 "Ineffectiveness of the Cabinet Order·Violation of the Constitution as Reasons for Impeachment" Reported to the National Assembly today Emergency respon

'5-Person Financial Committee' First in 12 Years On the night of the 3rd, after an emergency economic and financial situation meeting, Lee Chang-yong, the Governor of the Bank of Korea, held a meeting at the Seoul Bank Hall with top officials includi

The news is that from next year, the restrictions on trading by legal entities will be gradually lifted. Currently, not only companies and financial institutions but also government agencies, local governments, universities, and all legal entities ca

Surges to 1,410 Won Amid the aftermath of the 'emergency martial law declaration' that swept through the financial markets last night, the won-dollar exchange rate rose to the 1,410 won level for the first time in over two years on the 4th, based on

Global credit rating agency S&P maintains Korea's credit rating However, "minor shock" from investors' perspective Global credit rating agency Standard & Poor's (S&P) evaluated on the 4th that the abnormal situation in Korea would not have a real imp

On the morning of the 4th, the stock prices on Jeju Island fluctuated sharply. Despite the unprecedented non-market situation in 45 years, the stock market was volatile until dawn. Although the market opened, the decline was not as large as expected.

Minseung Kim's ₿itcoin Trump's Election, the End of Liberal Order Trump's victory was anticipated. From a month before the election, pollster Nate Silver accurately predicted the outcome of the vote. However, mainstream media and pundits dismissed th

Preparation for mobilization of 40 trillion won ChaeAn Fund The Financial Supervisory Service announced that it will supply liquidity without limit until the stock, bond, short-term funds, and foreign exchange markets are fully normalized. The 'Jeung

Woori Bank Report "If the opening of the foreign exchange market is confirmed, the upper limit will be restricted" Woori Bank predicted on the 4th that the won-dollar exchange rate would jump after the non-farm payroll shock. This is due to political

A prediction market platform based on cryptocurrency, Polymarket, has seen a surge in bets that the President of Korea, Seok-Yeol Yoon, will resign within this month. Rumors of Yoon's resignation and impeachment have been spreading. On the 4th, Polym

Stock Price "Rapid Company Fundamental Changes Are Not Expected" "Account Restrictions Lifted Quickly, Maintaining a Stable Outlook" Government "Normal Operation of Stock and Foreign Exchange Markets" The stock market on the 4th, following the liftin

In the overnight New York Stock Exchange, the three major indices experienced turmoil. As political instability in Korea and France heightened, volatility increased. On the 3rd (local time), the Dow Jones Industrial Average closed at 40,705.53, down

Monthly Outlook on the Korean Market Situation Evercore ISI "Special Attention Needed for Korea" TS Lombard “Presidential Impeachment Could Lead to Early Elections Next Year” The emergency rate hike announced by President Yoon Seok-yeol has led to a

Lee Jae-myung, the representative of the Democratic Party, stated on the 4th, "The Democratic Party will immediately investigate President Yoon's resignation and secret activities." In a message sent to party members that day, the representative said