Korea Economic Daily

President Donald Trump will visit China on May 13 and hold a summit with Chinese President Xi Jinping in Beijing the following day, the White House said. The White House laid out the two-night, three-day itinerary at a briefing on May 10. Deputy Pres

Iran has delivered its response to a US ceasefire proposal to Pakistan, the mediator in the talks, Iran’s state-run IRNA news agency reported on May 10. The report did not disclose details of the response. Under the proposed framework, negotiations a

Winning Strategy Firm represented Bithumb in delisting dispute Court rejects token issuer’s injunction request Structural blockchain security flaws proved quickly Yulchon LLC, a South Korean law firm, successfully defended cryptocurrency exchange Bit

Iran’s military said ships from countries that join US sanctions against Tehran will not be allowed to pass through the Strait of Hormuz. Mohammad Akraminia, a spokesman for the Iranian army, told the state-run IRAN news agency in an interview cited

The Kospi's run to fresh records also drove the number of retail stock orders worth at least 100 million won ($72,500) to an all-time monthly high. According to the Korea Exchange on May 10, retail investors placed 1,193,158 orders worth 100 million

The US is still waiting for Iran’s response after sending a peace proposal that includes reopening the Strait of Hormuz. President Donald Trump’s administration has said every day since May 7 that an answer could come “today,” but no reply has arrive

The rally in semiconductor stocks differs from the dot-com bubble because it is grounded in earnings, The Wall Street Journal reported. The market value of semiconductor companies in the S&P 500 has risen by about $3.8 trillion over the past six week

A bulk carrier near Qatar was struck by an unidentified projectile. Reuters reported on May 10 that the United Kingdom Maritime Trade Operations, or UKMTO, said a bulk carrier sailing 23 nautical miles, or about 43 kilometers, northeast of Doha had r

Siri AI features for iPhone delayed Apple agrees to $250 million US settlement Samsung and Google could exploit the gap In AI phones, execution matters more than promises Apple has hit an unexpected obstacle in the race for AI smartphones. The compan

A 40-year-old office worker surnamed Lee has been drawing on an overdraft account to invest in stocks. “Rather than put money into deposits or savings products that pay only around 3% a year, I thought it made more sense to pay overdraft interest and

A route for Qatari liquefied natural gas shipments that was cut off after the Iran war may be reopening in part. An LNG carrier that left Qatar is sailing toward the Strait of Hormuz after receiving prior approval from Iran. If the voyage succeeds, i

Kim Yong-bum Says GDP Framework Has Limits "AI Chip Price Surge Still Shows Up as 1.7% Growth" Nominal GDP May Post Double-Digit Growth This Year Revenue Estimates Are Based on Nominal GDP That Could Add Momentum to an Expansionary Fiscal Stance Kim

Kospi 200 futures night trading keeps climbing Daily average reaches 14.6133 trillion won, nearly tripling in four months As South Korea’s stock market heats up, investors are becoming more active after the regular trading session ends. Night trading

NH Investment & Securities expects the Kospi to trade in a 6,900 to 7,800 range this week. Brokerages say earnings momentum will continue to support the Kospi this week, from May 11 to May 15, after the benchmark index opened the era of 7,000 last we

The Caspian Sea is rapidly emerging as Iran’s new strategic supply route after the Strait of Hormuz was closed in the fallout from its war with the US, according to an analysis. The New York Times reported on May 8 that the Caspian has become a key t

Fresh strains are emerging in the global credit cycle as the US-Iran war drags on and more members of the Organization of the Petroleum Exporting Countries fall into an "oil-money cash trap." The term refers to a technical-default-like situation in w

Concerns are mounting over debt-fueled stock investing as South Korea’s Kospi rally gathers pace, with an online post from an investor claiming to have poured 2.3 billion won ($1.65 million) into SK Hynix, including 1.7 billion won ($1.22 million) in

Michael Burry, the U.S. investor best known as the real-life figure behind “The Big Short,” warned that the stock market is overheating amid the artificial-intelligence frenzy. In a social media post on May 8, Burry wrote that it was “nonstop AI talk

On May 6, two sets of claimants tied to North Korea-related losses faced off in federal court in Manhattan. Both are seeking rights to the same $71 million. One side consists of families of victims in cases that the US government attributed to North

Expectations Build on Memory-Sector Boom May 8 close at 268,500 won after roughly 20% surge in a week SK Securities sets 500,000-won target, citing structural shift in AI memory demand Investor focus is turning to whether Samsung Electronics Co. can

Investor deposits parked on the sidelines of South Korea’s stock market rose to a record after the Kospi climbed above 7,000. According to the Korea Financial Investment Association and the Korea Exchange, investor deposits stood at 136.989 trillion

“A Shock to Tech Stocks Could Hit the Entire Market” The concentration of gains in large-cap stocks has intensified in the U.S. equity market this year, fueling concern that the rally has become more vulnerable as a small group of artificial intellig

US Court Rules 10% Global Tariff Illegal Trump Administration Imposed It to Replace Reciprocal Tariffs White House Set to Appeal A US trial court ruled that the Trump administration’s 10% global tariff, adopted to replace reciprocal tariffs that had

Kospi reverses late to finish at a record high Institutions turn from sellers to buyers Fading hopes for a U.S.-Iran peace deal Won-dollar rate jumps by more than 17 won South Korea’s Kospi erased losses caused by foreign selling and closed at anothe