Korea Economic Daily

Brokerage Stocks Surge as Kospi Hits Record High Brokerage stocks rallied across the board after the Kospi rose above 6,900 to a record high. Samsung Securities led the advance on news that it is close to launching a service for global retail investo

Stock Focus SK Square Tops 130 Trillion Won in Market Value on SK Hynix Stake Nears 1 Million Won 'Emperor Stock' Status Fund Limits on SK Hynix Lift SK Square as Institutional Alternative AI, Chip Bets and Value-Up Push Re-Rating Shares Have Soared

Lee Sang-eun, Washington correspondent “You won’t see me here with you next time.” After his final press conference following last week’s Federal Open Market Committee meeting, Federal Reserve Chair Jerome Powell did what he always does. He took off

"Operation to Free Ships in Hormuz Begins" Trump Says Vessels Trapped in Strait Will Be Helped Out Iran Calls It a Ceasefire Violation as Tensions Rise President Donald Trump said the US will begin an operation on the morning of May 4, Middle East ti

Kospi jumps 5.12% to 6,936.99 Big Tech strength boosts sentiment for chip stocks Foreign and institutional investors buy nearly 5 trillion won The Kospi rose 5.12% to close at 6,936.99 on May 4, leaving South Korea’s benchmark stock index within sigh

US crude exports climbed to a record as the war between the US and Iran disrupted Middle Eastern oil supplies. Energy data firm Kpler said on May 3 that US crude exports averaged 5.2 million barrels a day last month. That was about 30% higher than th

SK On’s battery supply deal with Nissan Motor Co., valued at about 15 trillion won ($10.9 billion), is at high risk of being canceled, the battery industry said on May 4. The agreement covered batteries for Nissan’s plant in Canton, Mississippi, but

Hyundai Motor Co.'s global sales fell sharply last month after a fire at supplier Safe Industry disrupted parts supply. Hyundai said on May 4 that it sold 325,589 vehicles worldwide in April, down 8% from a year earlier. Domestic sales in South Korea

Kospi rally powers on as AI investment theme lifts earnings outlook SK Hynix hits record high, tops 1 quadrillion won in market value South Korea’s Kospi rose above 6,900 and closed at a record high despite Middle East tensions, as expectations for e

GameStop is seeking to acquire eBay for $56 billion, The Wall Street Journal reported on May 3. Ryan Cohen, GameStop’s chief executive officer, told the Journal that the company has built a roughly 5% stake in eBay and proposed buying the company for

Stronger specialization, lower management risk Sharing leadership gains importance as companies expand across businesses Oracle brings back co-CEOs after more than five years Comcast and Spotify have also switched The model looked finished. Now globa

New York, Shanghai Stocks Wall Street this week will be watching the progress of US-Iran ceasefire talks and signs of resilience in the labor market. Since the war began, Iran's economic troubles have deepened as inflation and the rial's exchange rat

Vessel attacked in waters north of Fujairah in the UAE UKMTO says tanker was struck by an unidentified projectile Trump signals operation to help third-country ships leave the strait A tanker near the Strait of Hormuz was struck by an unidentified pr

Hong Min-seong, Hankyung.com reporter mshong@hankyung.com

Musk lawsuit heightens legal risk Concerns mount over slowing ChatGPT growth WSJ says Altman risks becoming a symbol of AI uncertainty Sam Altman, chief executive officer of ChatGPT developer OpenAI, is facing a leadership test ahead of the company’s

The Kospi rose above 6,830 in intraday trading on May 4, setting a fresh record high. At about 10:50 a.m., the benchmark index was up 3.52% from the previous session at 6,831.16. After opening 2.78% higher, the Kospi climbed past 6,800 on buying by f

The Federal Reserve’s internal debate over interest rates is shifting from cuts toward possible hikes. An energy shock stemming from a closure of the Strait of Hormuz could disrupt the inflation path, prompting the Fed to keep the door open to tighte

Won-Dollar Exchange Rate Opens 10.4 Won Lower South Korea’s Kospi extended its run of intraday record highs on May 4, while SK Hynix climbed to a fresh all-time high. As of 9:16 a.m., the benchmark Kospi was up 164.3 points, or 2.49%, at 6,763.17. Ea

Hong Min-seong, Hankyung.com reporter mshong@hankyung.com

President Donald Trump rejected Iran’s 14-point ceasefire proposal and said the US would begin an operation to rescue third-country vessels stranded in the Strait of Hormuz. In an interview cited by Israel’s public broadcaster Kan on May 3, Trump cal

Wall Street is set to focus this week on progress in US-Iran peace talks and the health of the US labor market. Iran has faced deepening economic strain since the war began, with inflation surging and the rial weakening sharply against the dollar. Th

Kospi jumps 30.61% over the past month Market enters phase of easing short-term overheating Earnings-driven uptrend remains intact South Korea’s stock market is entering a phase of consolidation this week, from May 4 to May 8, after a sharp run-up, a

Reuters reports Iran’s latest negotiating proposal Trump says it was “not satisfactory” Iran proposed to the US that it first reopen the Strait of Hormuz and secure a ceasefire before moving to negotiations over its nuclear program, but President Don

‘We confiscated all the oil. It’s a very profitable business.’ President Donald Trump is facing controversy after calling the U.S. Navy’s seizure of vessels leaving Iranian ports an act akin to piracy. At an event in Florida on May 1, Trump referred

Government in talks with UK, France on multinational framework Also reviewing US-backed maritime coalition proposal South Korea is grappling with how to help ensure safe passage through the Strait of Hormuz. As it considers joining a multinational fo

Russia-Ukraine war nears World War I in duration, approaching the 10 longest interstate wars Russia-Ukraine war enters its 51st month One more month would make it longer than World War I The Russia-Ukraine war, which set off disruptions in energy pri

"Iran Loses $4.8 Billion to Sea Blockade" A U.S. sea blockade against Iran is tightening the squeeze on the country’s oil exports, a key source of revenue. Since the blockade began last month, 53 million barrels of Iranian crude have been stranded in

President Donald Trump said on May 1 that the U.S. will raise tariffs to 25% next week on passenger cars and trucks imported from the European Union, delivering the notice unilaterally on his Truth Social platform. Trump said the EU was not carrying

SpaceX IPO or ETF? Direct IPO access likely out of reach for Korean retail investors Korean space ETFs roll out ahead of the listing Interest is building among Korean investors as SpaceX, widely viewed as the biggest candidate for a global initial pu

Iranian Foreign Minister Abbas Araghchi claimed on May 1 that the Pentagon had understated the cost of the war with Iran. Araghchi, who is also part of Iran’s delegation for negotiations to end the war with the US, wrote on X that “the Pentagon is ly