Korea Economic Daily

South Korea’s Kospi index surged past 7,300 on May 6 after topping 7,000 for the first time ever. The benchmark also briefly traded above 7,400 during the session. Foreign investors poured more than 3 trillion won into the market, driving bellwether

“Demand for AI Infrastructure Is Rising Faster Than Expected” “The US Alone Will Need $10 Trillion in Capital Spending” BlackRock Chief Executive Officer Larry Fink said artificial intelligence investment reflects a supply crunch rather than a bubble

Meta Platforms Inc. is developing an artificial intelligence agent that can directly operate a user’s computer, The Information reported on May 5. The agent, called Hatch, was inspired by OpenClaw, which drew attention after launching in November las

Global crude inventories are shrinking at a rapid pace in the aftermath of the Middle East war, stoking warnings that oil prices could surge again ahead of the summer travel season. Supply losses have exceeded the hit from weaker demand, tightening t

Tops 7,000 at the Open Retail and Institutions Sell South Korea’s Kospi rose above 7,400, led by gains in heavyweight chip stocks such as Samsung Electronics and SK Hynix, as well as brokerage shares. As of 1:30 p.m. on May 6, the benchmark index was

South Korea’s Kospi soared nearly 6% on May 6, breaking above 7,300 as foreign investors snapped up stocks and futures. As of 10:48 a.m., the benchmark index was trading at 7,341.05, up 404.06 points, or 5.82%, from the previous session. The rally wa

Samsung, SK Hynix Seen Posting Combined 573 Trillion Won in Operating Profit This Year Shares of South Korea’s two biggest chipmakers, Samsung Electronics and SK Hynix, extended a record-setting rally. Easing tensions over a possible U.S.-Iran war an

A buy-side sidecar was triggered on the Kospi. Han Kyung-woo, Hankyung.com reporter, case@hankyung.com

South Korea’s Kospi broke above 7,000 at the open on May 6 and moved close to 7,100. The benchmark index started trading at 7,093.01, up 156.02 points, or 2.25%, from the previous session. Samsung Electronics jumped 9.25% and SK Hynix climbed 10.50%,

U.S. stocks closed higher in New York, with a rally in semiconductor shares lifting the S&P 500 and Nasdaq Composite to fresh record highs. On May 5, the Dow Jones Industrial Average rose 356.35 points, or 0.73%, to 49,298.25. The S&P 500 gained 58.4

International oil prices fell nearly 4% after the US confirmed that its ceasefire with Iran remained in effect despite ongoing clashes. Brent crude for July settlement closed at $109.87 a barrel on the ICE Futures exchange on May 5, down 3.99% from t

U.S. stocks opened higher on May 5 as indications that the U.S. and Iran remained committed to a ceasefire sent oil prices lower, while a run of solid corporate earnings also supported sentiment. Bitcoin climbed above $81,000. As of 10 a.m. in New Yo

The U.S. trade deficit widened in March as imports increased more than exports. Exports also rose as shipments of crude oil and petroleum products climbed after the start of the war with Iran. The Commerce Department said May 5 that the goods and ser

Iran’s lead negotiator for ending the war signaled a stronger response against what he called the US “liberation project.” Mohammad Bagher Ghalibaf, Iran’s parliamentary speaker and chief negotiator for ending the war, wrote on X on May 5 that “the U

Middle East tensions escalate again as 30-year US Treasury yield climbs above 5% US launches Project Freedom Iran fires missiles toward the UAE in response 30-year yield is tied to mortgages and other borrowing costs BofA says a move above 5% could o

Tighter screening of crypto major shareholders starts in August Naver fined for violating fair-trade law Law firms mobilized in three-month push for approval A planned merger between Naver Financial, South Korea’s largest simple payments provider, an

President Donald Trump and Chinese President Xi Jinping are scheduled to meet in Beijing on May 14-15. Tariffs, rare earths and other trade issues are expected to top the agenda. The two leaders had planned to revisit matters left unresolved at their

Leveraging power infrastructure and plant expertise Supplying stable electricity to data centers HD Hyundai Heavy signs US ship-engine deal Samsung Heavy advances floating data center plan HD Hyundai Construction Equipment to build ultra-large engine

Kevin Hassett Says 30-Year US Treasury Yield Is 5% "A 5% wealth tax would take all returns from capital" Republican senator says more wealthy residents are moving to Texas to avoid wealth taxes Kevin Hassett, director of the White House National Econ

South Korea’s cryptocurrency market has shrunk sharply over the past year, with investor holdings and trading volumes dropping significantly. Stablecoin holdings, however, more than doubled. Crypto holdings in South Korea fall by half in a year Stabl

South Korea’s stock-market boom has continued, but only about one in 10 employees at the Financial Services Commission traded domestic shares, according to data the agency provided to the office of People Power Party lawmaker Kim Sang-hoon. As offici

South Korea’s leading chip and battery makers, including Samsung Electronics Co., SK Hynix Inc., LG Energy Solution Ltd., Samsung SDI Co. and SK On Co., face elevated supply-chain risks as export restrictions tighten in key raw materials markets, an

NAND flash, once seen as the semiconductor industry's unwanted stepchild after generating losses of several trillion won, has made a dramatic comeback on the artificial intelligence boom. Exploding storage demand from AI data centers has turned NAND,

President Donald Trump renewed his stark warning to Iran, signaling a renewed rise in Middle East tensions as armed clashes resurfaced over control of the Strait of Hormuz. In a May 4 interview with Fox News, Trump referred to “Project Freedom,” an o

President Donald Trump said Iran attacked a South Korean cargo ship and pressed Seoul to join a US-led operation in the Strait of Hormuz. In a Truth Social post on May 4, Trump said Iran had fired several times at ships from countries not involved in

24 crew members aboard; no injuries reported An explosion and fire broke out on a South Korean vessel anchored near the Strait of Hormuz, raising the possibility that it came under attack as tensions mount over the prolonged U.S.-Iran war. No South K

UAE Confirms Talks With US on Currency Swap Hormuz Disruption Raises Need for FX Backstop Closer US Cooperation Follows OPEC Exit The United Arab Emirates is pursuing a currency swap line with the US as it looks to expand financial cooperation. Thani

Iranian media claim US warship was hit by missiles US military swiftly denies the report Tensions flare again around the Strait of Hormuz Iran and the US offered starkly different accounts over whether a US Navy warship was hit near the Strait of Hor