Korea Economic Daily

Elon Musk borrowed billions of won in his personal capacity from SpaceX, the aerospace company he runs, and also used the company’s funds to support affiliated businesses facing financial strain, the New York Times reported. The newspaper said on Apr

An Indonesian official has withdrawn remarks that stirred controversy by suggesting the Malacca Strait, one of the world’s busiest maritime routes, might need measures similar to Iran’s tolls on ships transiting the Strait of Hormuz. Purbaya Yudhi Sa

Al Jazeera says direct talks remain possible, though the chances are slim Iran and US could stay in separate rooms as Pakistan shuttles between them The US and Iran may make contact in Pakistan as soon as this weekend. Tehran has denied plans for dir

Separating Earnings Winners From Losers Samsung Electronics and SK Hynix have heated up an earnings-driven rally after both posted first-quarter results that beat expectations. With the Kospi index hovering above 6,500, investor cash waiting on the s

President Donald Trump said the ceasefire between Israel and Lebanon will be extended by three weeks. Trump announced the decision in a social media post after meeting senior Israeli and Lebanese officials at the White House on April 23. He said he p

Iran’s internal politics move to the forefront Report that parliament speaker quit talks jolts markets Nasdaq and S&P 500 each drop more than 1% intraday No clear figure to bridge moderates and hard-liners Confusion in negotiations may persist US sto

South Korea’s benchmark Kospi index ended little changed on April 24, with investors staying on the sidelines amid lingering uncertainty surrounding a possible US-Iran war. The Kosdaq, by contrast, surged more than 2% to close above 1,200 for the fir

Iran Grants Exemptions to Friendly Countries Iran is waiving Strait of Hormuz transit fees for some friendly countries, including Russia. Kazem Jalali, Iran’s ambassador to Russia, told Russia’s state-run RIA Novosti on April 23 that Tehran is curren

Iran Lays Additional Mines in the Strait of Hormuz Trump Orders Navy to Sink Even Small Boats Three US Aircraft Carriers Deployed as Blockade Tightens Iran has laid additional mines in the Strait of Hormuz. Axios reported on April 23, citing official

Kosdaq jumps more than 1% South Korea’s Kospi was trading slightly lower near the 6,460 level on April 24, pausing after a record-setting run. Investor caution grew as military tensions between the US and Iran intensified after talks to end the war f

Up 0.22 won from a day earlier to 2,000.06 won Prices poised to hold around the 2,000-won mark South Korea’s average diesel price has climbed above 2,000 won ($1.39) a liter for the first time in about three years and nine months. It last exceeded th

Kalshi Bars Bets on a Candidate’s Own Race Three Politicians Fined and Suspended for Five Years Insider-Trading Concerns Rise as Political Event Betting Expands White House Also Warns Staff Prediction market platform Kalshi fined three politicians an

U.S. stocks turned lower on April 22 as Washington and Tehran escalated their standoff over control of the Strait of Hormuz. South Korean equities, meanwhile, have hit record highs for three straight sessions, with the Kospi topping 6,500 during intr

The three major U.S. stock indexes closed lower as military tensions between the U.S. and Iran flared again after a second round of ceasefire talks collapsed. On April 23, the Dow Jones Industrial Average fell 179.71 points, or 0.36%, to 49,310.32 on

Kospi sets record intraday highs for a third straight session Index pauses after briefly topping 6,500 Samsung Electronics, SK Hynix earnings momentum fades Brokerages say another breakout above the previous peak is only a matter of time Market may s

Trump says fears of nuclear use would mean “an entire civilization” disappears “We’ve already devastated them with conventional weapons ... I want a deal” President Donald Trump said he has no intention of using nuclear weapons against Iran, which he

The war has reached a stage where negotiations are needed to bring it to a close. Instead, the US and Iran are each seizing ships to demonstrate control over the Strait of Hormuz. Iranian state television on April 23 aired footage from April 22 showi

Trump Shares Column Calling for Renewed Military Action, Says ‘Very True’ President Donald Trump shared a column on social media that argued for renewed military action against Iran instead of negotiations, calling it “very true!” On April 23, Trump

JPMorgan now expects South Korea's economy to grow 3.0% this year, raising its forecast on expectations that exports and facility investment will increase sharply on the back of a semiconductor supercycle. In an economic outlook report released on Ap

Highest in 5 1/2 Years Semiconductors Account for 55% of Growth South Korea’s economy posted a surprise 1.7% expansion in the first quarter, driven by a historic semiconductor boom. Semiconductors accounted for 55% of the gain. The Bank of Korea said

Major foreign media raise concern over possible Samsung strike Some warn of a shock to global supply chains Reports cite strike fallout at GM, Ford and Boeing "A strike that could shake the economy must be judged coolly" Samsung Electronics Co.'s lab

Move aims to comply with the third revision to the Commercial Act KB Financial Group will cancel all treasury shares it holds, valued at about $1.6 billion. The board on April 23 approved the retirement of 14,262,733 treasury shares. The shares were

Samsung and SK Hynix now worth about $1.51 trillion combined Up more than 73% from the start of the year Equal to about 41% of the Kospi’s total market value Samsung Electronics Co. and SK Hynix Inc., South Korea’s two biggest chipmakers, have added

Pakistan Army Chief Gen. Asim Munir has launched an all-out mediation effort to revive peace talks between the US and Iran. But with a US naval blockade still in place and Iran deeply distrustful, Pakistan’s attempt at shuttle diplomacy is facing an

Five people, including a reporter, were killed in Israeli strikes on Lebanon despite an official ceasefire. AP and AFP reported on April 22 that Amal Khalil, 43, a reporter for the Lebanese daily Al Akhbar, and freelance photojournalist Zeinab Faraj

Bank of Korea Governor Shin Hyun-song and Deputy Prime Minister and Finance Minister Koo Yun-cheol met over breakfast on April 23 and pledged policy coordination to address domestic and external economic risks. The meeting came three days after Shin

First-quarter GDP growth surprises at 1.7% on semiconductor strength SK Hynix posts 37.61 trillion won in first-quarter operating profit South Korea’s Kospi index climbed above 6,500 for the first time on April 23, extending its record run to a third