Korea Economic Daily

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

iShares MSCI South Korea ETF, Down 7%, Hits 52-Week Low Over 2% Decline in Hanjin, 3.7% Drop in Coupang Korean stocks showed a sharp decline on the New York Stock Exchange on the 3rd (local time) following unofficial news regarding President Yoon's s

On the 4th, the Financial Supervisory Service, led by Director Lee Bok-hyun, held an emergency financial situation inspection meeting and announced that they are preparing for immediate market stabilization measures necessary to address potential fin

Emergency market conditions meeting also held The Korea Exchange Financial Services Commission (FSC) is holding a temporary meeting on the morning of the 4th. A Korea Exchange official stated, "We plan to discuss the situation related to abnormal fin

Financial Market Turmoil Concerns Won/Dollar Exchange Rate Hits Record High in 2 Years and 1 Month Korea Exchange announced plans to confirm whether the domestic market will open at 7:30 AM on the 4th. President Yoon Suk-yeol declared a state of emer

Jumped to 1442.00 at one point... Highest since October 2022 The exchange rate rose to 1440 at one point after the announcement of the non-regular cabinet meeting by the President, then decreased to 1425. The exchange rate was traded at 1425.00, up 2

The government announced that at around 4:30 AM on the 4th, a Cabinet meeting presided over by President Yoon Suk-yeol decided to lift the emergency martial law. This decision comes approximately six hours after the martial law was declared at 10:25

"I also learned about the situation by watching the news." Choo Kyung-ho, the representative of the People Power Party, expressed his apologies to the people on the 4th regarding President Yoon Suk-yeol's emergency financial measures announcement, st

With the news of President Yoon Seok-yeol's emergency meeting being delivered, the global financial market is reacting rapidly. The won-dollar exchange rate exceeded 1440 won. As of 12:18 PM on the 4th (Korean time), the won-dollar exchange rate is t

President Yoon Suk-yeol proposed an emergency economic measure, and the stock prices of domestic companies listed on the U.S. stock market are rapidly rising. At 10:05 AM (local time) on the 3rd, the iShares MSCI Korea (Ticker: EWY) ETF, which is lis

Shin Hyunbo, Hankyung.com Reporter

Following President Yoon Suk-yeol's declaration of martial law, the police issued a Level 1 emergency on the 3rd and ordered all staff of the mobile unit to report for duty. Reporter Cho Cheol-oh

President Yoon Seok-yeol declared a state of emergency on the 3rd, anticipating that the financial market will face turbulence on the 4th. On this day, immediately after the emergency declaration, the night futures market surged rapidly. As of 11:30

Shin Hyun-bo Hankyung.com Reporter

"The President's Secret Accounts Selection Was Wrong" Han Dong-hoon, the representative of the People's Power, stated regarding President Yoon Seok-yeol's secret accounts selection, "I will block it with the people." Representative Han, through a sta

President Yoon Suk-yeol declared martial law on the 3rd, and the Korea Exchange announced that the operation of the stock market tomorrow (4th) is undecided. A representative from the Korea Exchange stated, "The situation is serious, and we are monit

"We will eradicate the North Korean forces and establish a state of emergency." President Yoon Seok-youl held an urgent dialogue at the presidential office in Yongsan on the night of the 3rd, stating, "I will protect the Republic of Korea from the co

Major foreign media outlets also reported on President Yoon's announcement of a non-regular cabinet. The value of the Korean Won plummeted to its lowest level in two years and one month following President Yoon's announcement of a non-regular cabinet

Shin Hyunbo Hankyung.com Reporter

Shin Hyun-bo Hankyung.com Reporter

Emergency Assembly of National Assembly Members on Martial Law Election As President Yoon Suk-yeol held an emergency meeting on the night of the 3rd and suggested martial law, the Democratic Party immediately gathered its members. The Democratic Part

Shin Hyunbo Hankyung.com Reporter

Shin Hyunbo Hankyung.com Reporter

Highest in 2 Years and 1 Month The won/dollar exchange rate soared to 1,430.0 won during night trading on the 3rd following President Yoon Suk-yeol's declaration of martial law. On this day, the won-dollar exchange rate in the Seoul foreign exchange