Korea Economic Daily

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

SK Hynix first-quarter earnings Revenue rises 198.1% to $36.4 billion Operating profit jumps 406% to $26.0 billion Operating margin reaches a record 72% SK Hynix posted record quarterly revenue, operating profit and operating margin in the first quar

Trump announces ceasefire extension Strait of Hormuz tensions persist Benchmark Brent rises 3.5% Tesla operating profit tops estimates slightly U.S. stocks closed higher on April 22 as President Donald Trump extended the ceasefire deadline with Iran

Brent crude rose back above $100 a barrel after reports that Iran’s Islamic Revolutionary Guard Corps seized vessels in the Strait of Hormuz. On ICE Futures Europe on April 22, June Brent settled at $101.91 a barrel, up 3.5% from the previous session

The White House said President Donald Trump has not set a separate deadline for receiving a unified proposal from Iran. Press Secretary Karoline Leavitt told reporters on April 22 that, contrary to some media reports, the president had not imposed a

Major US stock indexes rose in early trading on April 22 after news that the US had extended a ceasefire in the Middle East conflict. As of 9:36 a.m. in New York, the Dow Jones Industrial Average was up 342.07 points, or 0.70%, at 49,491.45. The S&P

Hot Pick! Overseas Stocks Rocket Lab Shares Rise 27% in a Month Mynaric Deal Bolsters Satellite Capabilities South Korean Investors Buy $64.5 Million This Month Stifel Raises Price Target to $105 Neutron Emerges as Falcon 9 Challenger Its Success May

Trading Resumes After Delisting Threat Removed Shares Surge 43% in Three Sessions Shares of Kosdaq-listed Samchuly Bicycle Co. have jumped 1,780 won, or 43.2%, over the past three trading sessions after the company avoided delisting. Rising global oi

How to Invest in a Bull Market Retail Traders Piled Into Korea’s Two Chip Giants They Took Profits as the Kospi Broke Its Previous Peak HYBE, Naver and Hyundai Engineering & Construction Drew Buying Foreign Investors Averaged Up on Large Caps They Bo

SpaceX, Elon Musk’s aerospace company, has decided to acquire AI coding startup Cursor for $60 billion, Bloomberg News and other media outlets reported on April 21. SpaceX has reached an agreement with Anysphere, Cursor’s parent company, the reports

Today’s Question Manufacturing lost 100,000 jobs AI, semiconductors help drive output Since the Industrial Revolution, economic booms have typically gone hand in hand with job growth. As production increases, demand usually rises for labor, one of th

South Korea’s Kospi closed at another record high on April 22, finishing above the 6,400 level after a late-session rebound. The benchmark index ended up 29.46 points, or 0.46%, at 6,417.93. A second round of ceasefire talks between the US and Iran c

The Bank of Japan is set to keep its benchmark interest rate at 0.75% at its monetary policy meeting on April 28. Some officials have voiced concern that a surge in crude oil prices could fuel inflation, but there is little support for a rate increas

South Korea’s producer prices posted their biggest monthly increase in about four years in March as the war in the Middle East drove a sharp rise in global oil prices. The producer price index stood at 125.24 in March, with 2020 as the base year of 1

Resident foreign-currency deposits at banks in South Korea recorded their largest monthly decline on record in March. Outstanding resident foreign-currency deposits at foreign-exchange banks stood at $102.17 billion at the end of March, down $15.37 b

Al Jazeera says Tehran is moving "very cautiously" Iran is not reacting to the ceasefire extension itself Iran has yet to issue an official response after US President Donald Trump announced an extension of the ceasefire. Al Jazeera described Tehran'

A massive cryptocurrency theft over the weekend may have been carried out by a North Korean hacking group, according to media reports. "A Highly Sophisticated State Actor" North Korean Group TraderTraitor Suspected TechCrunch and NK News reported on

Kim Min-seung’s ₿-ficial In 1811, textile workers in Nottingham, England, stormed factories with hammers, convinced newly introduced knitting machines would take their jobs. The Luddite movement named after them ultimately failed. More machines repla

"Short-term impact from Kuwait export halt limited" "Prolonged Strait of Hormuz closure would make supply shortages unavoidable" Kuwait, a major Middle Eastern oil producer, has declared force majeure on crude exports. Concerns over tighter supply ar

Committee approves bill to impose Strait of Hormuz transit fees Measure also bars vessels linked to hostile states A bill to impose transit fees in the Strait of Hormuz has cleared a standing committee in Iran’s parliament, moving it into the formal

Index briefly topped 6,400 just after the open Turns lower amid caution over U.S.-Iran peace talks South Korea’s Kospi moved in and out of flat territory early on April 22 after briefly climbing above 6,400 for the first time, as lingering uncertaint

Ko Jeong-sam, Hankyung.com reporter, jsk@hankyung.com

Second round of US-Iran peace talks collapses Iran draws up provocation strategy and targets Iran is preparing for the possibility of renewed war as a ceasefire nears its end and prospects for resuming negotiations remain uncertain. Iran's semi-offic

Second round of US-Iran peace talks collapses JD Vance’s departure put on hold A second round of peace talks between the US and Iran that had been expected in Islamabad on April 22 collapsed. Iran decided not to attend, and the White House formally s

The three major U.S. stock indexes closed lower as uncertainty mounted over a second round of ceasefire talks between the U.S. and Iran. On April 21, the Dow Jones Industrial Average fell 293.18 points, or 0.59%, to 49,149.38 on the New York Stock Ex

If SpaceX goes public, founder Elon Musk would retain outsized control through so-called super-voting shares. The aerospace company has drawn attention as a potential blockbuster initial public offering this year. A confidential investor prospectus o

Iran said it will not accept U.S. President Donald Trump’s announcement extending a ceasefire and will act in line with its national interest. It also threatened a military response if the U.S. maintains its maritime blockade. Shortly after Trump ann

US retail sales posted their biggest gain in a year in March as a jump in gasoline prices drove receipts sharply higher. The Commerce Department said April 21 that retail sales increased 1.7% in March from the previous month, after a revised 0.7% gai