Korea Economic Daily

NPC opens…first acknowledgment of entering a ‘medium-speed growth’ phase Xi, ahead of a fourth term, puts emphasis on fundamentals Iran war adds uncertainty to energy supply Growth target lowered for the first time in four years Issuance of 276 trill

After plunging more than 19% over the past two sessions, the KOSPI index staged a sharp rebound on the 5th, recouping roughly half of its losses at a stroke. According to the Korea Exchange on the 5th, the KOSPI rose 490.36 points (9.63%) from the pr

As volatility in international oil prices has increased and domestic gasoline and diesel prices have surged, Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol (pictured) strongly criticized the practice, saying, "Profiteering th

It was confirmed on the 5th that seven oil tankers supplying crude to South Korean refiners have been unable to leave after the Strait of Hormuz was sealed off in the wake of a military clash involving the United States, Israel and Iran. Each vessel

Iranian frigate explodes and sinks off Sri Lanka Bodies of Iranian crew placed in a temporary morgue An Iranian warship has sunk following a torpedo attack by a U.S. submarine, with the Sri Lankan Navy recovering 87 bodies from nearby waters. Accordi

Fallout from the Strait of Hormuz blockade Market ‘panic’ as prices hit $230 a barrel in a single day Experts: “Floriculture farms among those likely to be hit hardest” From greenhouse heating to airfares Countdown to a ‘domino blow’ to the real econ

Won-dollar exchange rate falls back to the 1,460 won range On the 5th, as risk appetite revived, the KOSPI, which had plunged for two straight sessions, opened higher. According to the Korea Exchange, as of 9:33 a.m., the KOSPI was trading at 5,709.7

Rising U.S. electricity bills sour public sentiment Big Tech pledges to shoulder data-center power costs U.S. grid regulation fragmented across 50 states Policy implementation won’t be easy U.S. President Donald Trump is facing political pressure ove

[Breaking] KOSPI and KOSDAQ trigger buy-sidecar Noh Jeong-dong, Hankyung.com reporter dong2@hankyung.com

On the 5th, Korea Investment & Securities presented this month’s expected trading range for the won-dollar exchange rate at 1,450–1,550 won. The won-dollar rate recently spiked into the 1,500-won range at one point as geopolitics-driven risks from th

The iM Securities Research Center forecast that Asian equity markets, including South Korea, which have suffered a rout over the past two days, will rebound sharply. As one of the key grounds, it pointed to Bitcoin’s sudden surge. The view is that, d

On the 5th, South Korea’s stock market is expected to stage a rebound as tailwinds from Wall Street and signs of calming in the oil market emerge. The previous day, the KOSPI closed at 5,093.54, plunging 12.06% as geopolitical tensions escalated foll

After the U.S. and Israel carried out airstrikes on Iran, the KOSPI has slumped for two straight days, but heavyweight stocks are rebounding sharply across the board in the premarket on the 5th. As of 8:03 a.m., Samsung Electronics on the NextTrade (

SangSangIn Securities said on the 5th that, following Iran's airstrikes, the USD/KRW could rise to as high as 1,525 won if the war escalates. Choi Ye-chan, an analyst at the brokerage, explained that "Korea’s won has generally reacted with weakness t

U.S. government’s all-out effort helps calm oil-market jitters Stocks steady on improved U.S. services-sector data Wall Street’s three major stock indexes ended higher. As U.S. government steps to stabilize oil prices fueled signs that the crude mark

The Middle East-driven crisis in the global energy supply chain, triggered by U.S. and Israeli strikes on Iran, is shaking foreign-exchange and capital markets worldwide. Markets are preemptively pricing in the deterioration in external balances of e

Economic indicators are showing signs of stabilization after reports that Iran proposed negotiations to the United States. On the 4th (local time), near the close on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average ended up 238.14

The White House said U.S. President Donald Trump has been in contact with Kurdish leaders following airstrikes against Iran. White House press secretary Karoline Leavitt said at a briefing on the 4th (local time), "President Trump did indeed have a p

South Korean stocks have generally bottomed out and rebounded after the market’s “air-raid siren”—the circuit breaker—was triggered, data show. A circuit breaker halts trading for 20 minutes if the index plunges by at least 8% from the previous sessi

Under-margined accounts surge 136% ₩33 trillion in leveraged stock buying becomes a falling 'time bomb' As South Korea’s stock market has plunged for a second straight session, fears of forced liquidation are growing among retail investors. With most

Welfare ministry to make first report at fund management committee on the 5th To be transferred in stages to external asset managers South Korea’s Ministry of Health and Welfare is pushing a plan to transfer voting rights for the National Pension Ser

Rates jump and investor sentiment freezes Also considering injecting 10 trillion won into the stock market stabilization fund As the situation in the Middle East intensifies, warning lights have come on for corporate fundraising as well. With inflati

KOSPI·KOSDAQ leverage Net buying of 700 billion won on the 3rd alone If weakness persists, losses could 'snowball' Individual investors who had been boldly betting on leveraged exchange-traded funds (ETFs) while chanting “buy the dip” amid a market r

International oil prices are surging after the Donald Trump administration carried out a surprise airstrike on Iran. The market is increasingly viewing the direction of global crude prices as hinging on whether a blockade of the Strait of Hormuz beco

Financial authorities hold emergency meeting to review financial-market conditions Lee Eok-won: Key is stabilizing markets and minimizing spillovers to the real economy With the war between the United States and Iran intensifying and volatility risin

On the 4th, the government held a joint interagency inspection meeting to assess the impact of the U.S.-Iran war on domestic and global supply chains. For naphtha—of which a large share of import volumes relies on passage through the Strait of Hormuz

Korea’s Kospi plunges 9.99%… by far the steepest drop Japan, Hong Kong and China all sliding sharply Asian stock markets, not just Korea’s, are plunging across the board. The move is being attributed to expectations that Asian economies would be hit

South Korean stocks are extending their decline on concerns the U.S.-Iran war could drag on and on the impact of a potential closure of the Strait of Hormuz. Intraday, the market slid to as low as 5,059.45, returning to levels seen a month ago. As of