Korea Economic Daily

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

Uranium transfer to a third country also under discussion Reuters says the two sides are seeking an interim accord The US and Iran appear to be finding some common ground on key issues ahead of a second round of talks. That has also fueled expectatio

Semiconductor INSIGHT Without Korean Components, AI Grinds to a Halt Electronic Parts Makers Come Into Their Own Samsung Electro-Mechanics to Supply Broadcom With AI Substrates Big Tech’s Key Partners Gain the Upper Hand in the Supply Chain The artif

Foreign selling, biotech losses cap gains Kosdaq may gain traction if Samsung, SK Hynix pause The Kospi surged 2.72% to a record close on April 21, but the Kosdaq ended only slightly higher. Retail investors who sold large-cap stocks such as Samsung

Shin Hyun-song takes office as Bank of Korea governor Plans broader access to non-bank data Signals talks on inspection and sanction powers over financial firms Vows cautious, flexible monetary policy Says structural-reform research will continue Shi

Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, faces a Senate confirmation hearing on April 21, roughly three months after his nomination. With Warsh largely absent from public view for nearly six months, investors are fo

Tim Cook to Step Back After Expanding Apple’s Value More Than 11-Fold Apple Changes CEOs for the First Time in 15 Years Hardware Executive John Ternus to Take Over in September Tim Cook, Apple’s chief executive officer, is stepping back from day-to-d

President Donald Trump said on April 20 that the deadline for negotiations with Iran would expire on April 22, a day later than the previously cited April 21 cutoff. The shift appears intended to buy more time for talks. In an interview with Bloomber

Anthropic will in return commit to spending more than $100 billion on Amazon Web Services over the next decade. Amazon.com Inc. plans to invest up to $25 billion in Anthropic, while the artificial intelligence startup has agreed to spend more than $1

SK Hynix Closes Above 1.2 Million Won for the First Time Goldman Sachs Sees Further Upside, Projects Kospi at 8,000 Within a Year South Korea’s Kospi index closed at a record high on April 21, overcoming uncertainty surrounding a second round of talk

Interview with CEO Adam Prestidge "Natural gas produced in Alaska can reach Asia without passing through any chokepoints." Adam Prestidge, chief executive officer of Glenfarne Alaska, which is developing the Alaska LNG project, told the Korea Economi

Foreign investors fled the Kospi market like a receding tide after war broke out between the US and Iran last month. They dumped 35 trillion won worth of shares on the Korea Exchange as investors locked in profits after a short-term rally and risk av

The growing use of dollar-based stablecoins in global payments is weakening monetary sovereignty and capital controls in emerging-market financial systems, the Financial Times reported. The trend is also affecting financial stability and regulatory f

Rising tensions in the Middle East stemming from the war involving the US, Israel and Iran have whipped US and global equities into sharp swings. Even in that backdrop, one stock has kept climbing: Sandisk, the world’s fifth-largest NAND flash maker.

President Donald Trump renewed his claim that Iran’s nuclear facilities were destroyed as a ceasefire with Tehran nears expiration. In a Truth Social post on April 20, Trump said Operation Midnight Hammer “completely and totally obliterated” Iran’s n

Shin Hyun-song, the new governor of the Bank of Korea, pledged in his inauguration speech on April 21 to strengthen macroprudential policy by tightening oversight of nontraditional financial products such as hedge funds and cryptocurrencies. He also

Shares climb above 1.2 million won for the first time, setting another intraday record Samsung Securities says chip upcycle could last longer, opening room for 1.8 million won South Korea’s benchmark Kospi index has hit a record high, and SK Hynix ha

Kospi rises above 6,350 in intraday trading SK Hynix extends record rally above 1.2 million won JPMorgan sees Kospi reaching 8,500 South Korea’s Kospi recovered to its prewar level despite uncertainty over a second round of U.S.-Iran ceasefire talks

The start of Federal Reserve interest-rate cuts is set to be pushed back as a Middle East-driven energy shock fuels inflation concerns. Major investment banks now largely expect the Fed to resume cutting rates in September. According to the New York

Noh Jung-dong, Hankyung.com reporter, dong2@hankyung.com

Iran said it would not negotiate "under threat" ahead of the expiration of a ceasefire, underscoring its refusal to hold talks under US pressure. Reuters reported on April 20 that Iranian Parliament Speaker Mohammad Bagher Ghalibaf wrote on X, "We wi

Brent Jumps 5.64%, WTI Gains 6.87% US stocks ended slightly lower as uncertainty mounted ahead of a second round of truce talks between the US and Iran. The Dow Jones Industrial Average fell 4.87 points, or 0.01%, to 49,442.56 on April 20 at the New

The US and Iran have failed to reach an agreement as a cease-fire deadline nears, heightening uncertainty. Iran’s closure of the Strait of Hormuz, the prospect of a US counter-blockade, President Donald Trump’s mixed messages and divisions within Ira

"US markets still reflect a broader trend toward easing tensions in the Middle East" Wall Street fear gauge remains below 20 This article was published on Hankyung Global Market, South Korea’s largest platform for overseas investment information. US

Kuwait has declared force majeure on oil loadings, citing the closure of the Strait of Hormuz. Park Sang-kyung, Hankyung.com reporter, highseoul@hankyung.com

A deepening power struggle inside Iran is complicating negotiations with the US, one analysis found. With no supreme leader in place after Ayatollah Ali Khamenei's death, the internal battle for power is spilling into conflicting signals over policy

President Lee Jae-myung approved the appointment of Shin Hyun-song as governor of the Bank of Korea on April 20, senior presidential spokesperson Kang Yoo-jung said, after lawmakers from the ruling and opposition parties adopted his confirmation hear

President Donald Trump is escalating pressure on Iran ahead of a ceasefire deadline, saying US forces fired on and seized an Iranian cargo ship near the Strait of Hormuz. Talks scheduled for April 20 remain uncertain, however, because Iran has said i

March reliance on Middle East crude fell to 62.9%, down 10 percentage points from a year earlier South Korea’s imports of non-Middle East crude surged 30% in March from a year earlier in the aftermath of the closure of the Strait of Hormuz. By contra

US Says It Seized Iranian Vessel Trying to Transit Hormuz Iran Denounces Move, Signals Drone Retaliation Sides Remain Split on Hormuz Control and Uranium Enrichment US-Iran ceasefire talks have hit a fresh obstacle. Iran remains determined to preserv