Korea Economic Daily

Won-dollar exchange rate opens in the 1,490 won range The KOSPI opened down 3%. With global crude prices breaking above $100 after hawkish remarks from Iran’s new supreme leader, investor sentiment appeared to have frozen. As of 9:06 a.m. on the 13th

Oil tops $100 a barrel Still relatively low compared with past Middle East crises U.S., the largest oil producer, plus IEA stockpile releases Wall Street overly confident it will end as a short war Even as the war between Iran and the U.S.-Israel esc

Major U.S. stock indexes in New York closed down more than 1%. The move came after Iran’s new supreme leader said he would continue the blockade of the Strait of Hormuz, pushing international oil prices above the $100 level. On the 12th (local time)

◆ Oil jumps on Iran’s resolve to block the Strait of Hormuz…Brent closes above $100 International oil prices surged again on the 12th (local time) after Ayatollah Seyyed Mojtaba Khamenei—elected as Iran’s new Supreme Leader—declared an ultra-hardline

‘Price cap’ takes effect on the 13th Wholesale gasoline in the 1,800-won range To curb the steep rise in retail prices for gasoline and diesel, the government has decided to limit increases in the wholesale prices refiners charge gas stations. The Mi

Cho Il-woong, Head of Equities at Hanwha Asset Management KOSDAQ active ETF to list on the 17th Spotlight on promising energy and telemedicine names "The KOSDAQ index can jump another 50% from here. A 'second Naver' will remain on the KOSDAQ and lead

A special act on investment in the United States—one of the follow-up measures to the Korea-U.S. tariff talks—passed the National Assembly’s plenary session on the 12th. The bill provides the legal basis for $350 billion (about 518 trillion won) in i

Uncertainty grows across domestic industry If origin checks and customs screening are tightened Concerns rise over worsening profitability due to delivery delays As the United States launches a Section 301 investigation under its trade law targeting

As international oil prices climbed above $100 a barrel intraday for the first time in three days, the nationwide average gasoline price was found to have extended its decline. According to Opinet, the Korea National Oil Corporation’s oil-price infor

Lee Chan-jin, governor of the Financial Supervisory Service (FSS), attended the top-level meeting of the Basel Committee on Banking Supervision (BCBS)—the Group of Central Bank Governors and Heads of Supervision (GHOS)—where he shared an update on ma

Yeo Han-koo, the head of trade negotiations at South Korea’s Ministry of Trade, Industry and Energy, said on the 12th in connection with the US investigation under Section 301 of the Trade Act that “Korea’s trade surplus with the United States largel

"Time to buy earnings plays and oversold names" Middle East conflict triggers an average of 650 VI activations a day Circuit breaker triggered twice this month alone KOSPI and KOSDAQ post record four-day drop Brokerages: "Buying is better than sittin

The KOSPI is trading slightly lower. On the stock index futures and options triple-witching day, foreigners are selling both cash equities and futures, while retail investors and institutions appear to be stepping in to support the market. The KOSDAQ

After President Donald Trump’s comment on the 9th (local time) that “the war is almost over,” fears of a prolonged Iran war have eased somewhat, but it still looks like there is a long way to go until a “real end to the war.” That is what the market

Refining stocks are rising in tandem early in the session on the 12th. The move is seen as being driven by a renewed rebound in international oil prices despite news that the International Energy Agency (IEA) would release strategic reserves. As of 9

On the 12th, South Korean stocks are expected to see heightened volatility as they head into ‘quadruple witching,’ when futures and options expiries coincide. A mixed close on Wall Street overnight, along with a renewed rise in international crude pr

The administration of US President Donald Trump is launching a Section 301 probe under US trade law—an advance step toward imposing additional tariffs—targeting 16 economies including South Korea, China and Japan. The Office of the United States Trad

U.S. President Donald Trump said on the 11th (local time) that “we have taken down Iran’s leadership twice.” Speaking during a visit to Thermo Fisher Scientific, a pharmaceutical company in Cincinnati, Ohio, Trump said, “We have taken down their lead

U.S. President Donald Trump on the 11th (local time) claimed that the U.S. military has removed most of Iran’s mine-laying vessels deployed in the Strait of Hormuz, underscoring the need to resume oil shipments. Speaking to reporters en route from th

Major indexes on Wall Street closed mixed. Risk appetite, which had been supporting gains, deteriorated after news that Iran attacked a merchant ship in the Strait of Hormuz sent international oil prices higher. On the 11th (local time) at the New Yo

US forces at war with Iran signaled they may attack civilian ports around the Strait of Hormuz, a key chokepoint for global energy shipments. US Central Command on the 11th (local time) issued a statement urging civilians in Iran to "immediately avoi

◆Four ships hit in the Strait of Hormuz On local time June 11, the 12th day of the war between the United States and Israel and Iran, four vessels in and around the Strait of Hormuz came under attack by Iranian forces. Since the outbreak of the war o

Axios interview Thai merchant vessels attacked in the Strait of Hormuz U.S. says reopening the strait is not part of its victory objectives U.S. President Donald Trump said on the 11th (local time) regarding the war with Iran, "It will end whenever I

The Donald Trump administration is expected to soon announce the launch of a Section 301 investigation under the US Trade Act. According to Bloomberg and other outlets on the 11th (local time), the Trump administration is expected to publish the noti

"If there is a 'limited ceasefire,' oil prices could stabilize lower at $60–$70" "If prices exceed $120 a barrel, equities face additional downside risk" As the U.S.-Iran war fuels heightened volatility in the KOSPI—producing what is often described

Oracle posts earnings surprise Revenue up 22%…operating profit $5.4bn Cloud infrastructure drives growth EPS of $1.79 beats estimates Remaining performance obligations surge more than fourfold AI coding technology sharply boosts profitability Ellison

SpaceX, the aerospace company preparing for what could be the largest initial public offering (IPO) in history, is pursuing a listing on the Nasdaq. Reuters reported on the 10th (local time), citing multiple sources, that SpaceX is leaning toward a N