Korea Economic Daily

Former Federal Reserve Governor Kevin Warsh won Senate confirmation as the next Fed chair on May 14 in a 54-45 vote, clearing the chamber by nine votes. All Republican senators voted for him, joined by Democratic Senator John Fetterman. The rest of t

President Donald Trump begins first China visit in nine years U.S. President Donald Trump and Chinese President Xi Jinping are due to hold a summit in Beijing on May 14. Trump arrived in China for a two-night, three-day state visit at Xi’s invitation

Trump Begins China Visit Ahead of May 14 Summit With Xi Trump Lands in Beijing as US-China Tensions Persist Jensen Huang Joins Trip, Fueling H200 Supply Speculation President Donald Trump arrived in Beijing on May 13 for a two-night, three-day state

Upbit Holds ‘UpClass’ Lecture Series at Major Universities ‘K-Finance, K-Fintech Can Grow Into Industries Korea Can Be Proud Of’ “The key to early stablecoin adoption is distribution through exchanges.” Oh Kyung-seok, chief executive officer of Dunam

Jensen Huang Joins Trump’s China Trip After Late Call-Up Nvidia CEO Boarded Air Force One in Alaska After Missing Original List Trump Says He Will Ask Xi to Open China’s Market Hopes Rise for Resumption of H200 Shipments to China Nvidia Chief Executi

President rebuts opposition criticism directly on social media Market focus grows as the debate intensifies Political attacks continue, including from Han Dong-hoon President Lee Jae-myung said Kim Yong-beom, the presidential policy chief, was referr

Nicholas Bohnsack, co-founder of Strategas Hormuz disruption could lift energy costs US earnings growth leaves room for stocks to climb Investors should add AI, power shares and commodities “The real risk from war is not the fighting itself, but the

Sideline Cash Pours In as Index Ends at 7,844.01 Morgan Stanley Says 10,000 Is Possible South Korea’s Kospi rebounded a day after a steep drop to finish at a record closing high. Global stocks fell overnight, stoking concerns about investor sentiment

Government-mediated talks fail again Union says it will go ahead with a general strike on May 21 Labor holds firm on scrapping the bonus cap Union says there will be no further talks Prime Minister Kim says a strike must be avoided and pledges suppor

Trump Returns to Beijing After Nine Years China Showcases Tech Prowess Instead of the Forbidden City New York Times Says China’s View of the US Has Changed Interest in Studying in the US Is Also Fading China Watches Trump-Style Deal Diplomacy Closely

South Korea’s Kospi erased early losses and surged to a record close. The benchmark slid to the low 7,400 range shortly after the open, then turned higher in the morning and finished above 7,800. On May 13, the Kospi closed at 7,844.01, up 200.86 poi

South Korea’s presidential office said it will continue to support talks between Samsung Electronics Co. and its labor union after a government mediation process ended without a deal. With Samsung’s biggest union planning an all-out strike from May 2

Morgan Stanley Sees Kospi at 9,500 by Year-End Morgan Stanley said the Kospi could climb to 9,500 this year and reach 10,000 in a bull-case scenario. In a report dated May 12, the global investment bank said it expects the Kospi to continue rising on

Samsung Electronics, SK Hynix Reverse Lower South Korea’s Kospi index reversed gains in intraday trading after slumping to the 7,400 level, reclaiming the 7,700 mark as semiconductor shares pared steep early losses. As of 10:50 a.m. on May 13, the Ko

Inflation fears spread across the broader market Chip heavyweights fall as US tech stocks weaken South Korea’s Kospi fell for a second straight session on May 13, sliding into the 7,400 range early in the day. Investor sentiment weakened after a US i

Samsung Electronics Co. and SK Hynix Inc. fell in early trading on May 13 as a drop in U.S. technology shares chilled investor sentiment. As of 9:06 a.m., Samsung Electronics was trading at 265,000 won, down 14,000 won, or 5.02%, from the previous se

President Donald Trump and Chinese President Xi Jinping will meet in Beijing for the first time in about nine years. Air Force One, carrying Trump from Joint Base Andrews, is due to land at Beijing Capital International Airport on the night of May 13

US April CPI rises 3.8%, highest since May 2023 US stocks ended mixed on May 12 as inflation concerns intensified. Oil prices also rose as tensions between the US and Iran escalated. The Dow Jones Industrial Average rose 56.09 points, or 0.11%, to 49

April CPI report intensifies bond selling Korean stocks feel the impact as semiconductor shares turn lower US stocks fell on May 12 as higher oil prices and the April consumer price report triggered selling in both equities and bonds. Inflation conce

US consumer prices rose sharply again in April after a strong increase in March, bolstering expectations that the Federal Reserve will keep interest rates on hold for now. CPI rises 3.8% from a year earlier Odds of rates staying unchanged through yea

Lotte Chemical shares sink despite strong first-quarter earnings Returns to profit for first time in 10 quarters on inventory valuation gains, lag effect Debate deepens over whether improved petrochemical fundamentals can last Shares of Lotte Chemica

The Kremlin reaffirmed President Vladimir Putin’s claim that the war in Ukraine is nearing an end, while saying it is too soon to discuss specifics. AFP reported on May 12 that Putin made the remark in a speech after Russia’s World War II Victory Day

eBay says it doubts GameStop’s financing Market questions whether GameStop can buy a company four times its size eBay rejected GameStop’s $56 billion takeover proposal, dismissing an approach from a company with a market value only about a quarter of

IRGC says Strait of Hormuz has expanded 10-fold from its prewar scope Waterway now spans 320 to 480 kilometers as a broad operational zone Deputy political chief Akbarzadeh says "the perspective has now changed" Iran’s Islamic Revolutionary Guard Cor

Companies seek relief from restrictions tied to critical raw materials supplies Meta’s forced unwind of Manus deal, Tesla’s solar equipment purchase among key issues Meta Platforms Inc., Tesla Inc. and BlackRock Inc. are among US companies set to tak

Rhee Chang-yong, governor of the Bank of Korea, has been elected to the board of the Bank for International Settlements, often described as the central bank for central banks. The Bank of Korea said on May 12 that Rhee was elected to a three-year ter

The US military said one of its nuclear-powered submarines had arrived in Gibraltar, a British overseas territory, drawing added attention because the disclosure came just after President Donald Trump blasted Iran’s revised ceasefire proposal as “gar

Crypto-linked illegal foreign-exchange transactions uncovered by South Korea’s customs authorities topped 10 trillion won ($7.2 billion) over the past five years, driven by the spread of over-the-counter settlements using stablecoins such as Tether’s