Korea Economic Daily

Kim Dae-young, Hankyung.com reporter kdy@hankyung.com

Samsung Electronics Co. and SK Hynix Inc. surged in premarket trading after the US said it had agreed with Iran to a mutual two-week halt in military action. As of 4:04 a.m. on Aug. 8, Samsung Electronics was up more than 6% from the previous session

President Donald Trump said he had agreed to a two-week ceasefire in the war with Iran. Foreign media outlets later reported that Iran had also accepted the plan. In a Truth Social post at about 6:30 p.m. on August 7, Trump said he would suspend bomb

An Iran ceasefire will take effect immediately once the Strait of Hormuz is reopened, a White House official told Axios. Lee Jeong-woo, Hankyung.com reporter, krse9059@hankyung.com

All three major U.S. stock indexes rise Trump and Iran signal willingness to end the war South Korea’s Kospi appears set to extend its gains. The benchmark has swung in recent sessions amid geopolitical tensions, but momentum may build after Presiden

[Flash] Trump Agrees to Two-Week Halt in Attacks; Index Futures Surge, Nasdaq Up 2% Lee Jung-woo, Hankyung.com reporter, krse9059@hankyung.com

President Donald Trump said he had agreed to a two-week ceasefire with Iran. In a Truth Social post at about 6:30 p.m. on June 7, Trump said he would suspend bombing and other attacks on Iran for two weeks, provided the Islamic Republic agrees to the

Kim Dae-young, Hankyung.com reporter kdy@hankyung.com

ING, the Dutch financial group, cut its forecast for South Korea’s economic growth this year to 2.0% from 2.2%, citing raw-material supply disruptions stemming from the war involving Iran that are weighing on manufacturing activity. According to the

Hana Securities said on April 8 that Samsung Electronics Co. is projected to post 35.5 trillion won ($25.7 billion) in operating profit this year, up 711% from a year earlier. The brokerage maintained its buy rating and 300,000 won ($217) target pric

Kim Dae-young, Hankyung.com reporter kdy@hankyung.com

Jacqui Heinrich, a Fox News anchor and senior White House correspondent, wrote on X that she had just spoken briefly with President Donald Trump. She said he did not immediately respond to a request to extend the deadline by two weeks. Trump did say,

President Donald Trump and his administration stepped up their rhetoric ahead of a deadline for talks with Iran, invoking the destruction of “civilization” and “means” never used before. The comments prompted speculation in some quarters that the US

South Korea held the increase in automotive diesel prices to about 8% over the past month, while prices in Europe surged more than 30% in the aftermath of the Middle East war. The government revived a cap on oil prices for the first time in three dec

Iran Forms ‘Human Chains’ Around Sites as Trump Warns a ‘Civilization’ Could Vanish The deadline in President Donald Trump’s ultimatum to Iran was approaching. Trump had warned that if no agreement was reached by 8 p.m. Korea time on Aug. 7, he would

Trump Presses Iran on Ceasefire, Threatens “Destruction of a Civilization” Stocks fell and oil prices rose as fears mounted that the war in the Middle East could escalate ahead of a US deadline for Iran to agree to a ceasefire. As of 10:20 a.m. Easte

Hot Pick! Overseas Stocks Netflix Shakes Off M&A Overhang Plans to Spend $20 Billion on Content This Year Push Into Live Rights Accelerates Expansion Dropping Warner Deal Eases Funding Burden Goldman Raises Price Target to $120 Netflix Inc., the worl

"If No Deal Is Reached, Everything Will Be Destroyed" — Trump Remarks Spark War-Crimes Debate International Law Bars Attacks on Power Plants and Other Civilian Infrastructure Trump Says "The Real War Crime" Would Be Letting Iran Have Nuclear Arms Pre

Cease-Fire Talks Remain Murky April 8 Seen as a Decisive Date Iran Drops Some Hard-Line Demands Trump Says Proposal Still Falls Short Strait of Hormuz Access May Decide Outcome Iran delivered a 10-point set of conditions to the US through Pakistan on

Rising Inventory Prompts JPMorgan to Cut Tesla Price Target to $145 JPMorgan reiterated its sell rating on Tesla, saying the stock could fall about 60% from current levels. Tesla shares fell 2.15% to close at $352.82 on the Nasdaq on June 6. The decl

South Korea’s stock market has been gripped by extreme volatility since war broke out involving the US, Israel and Iran in late February. The Kospi has plunged as much as 12% in a single day and then rebounded 9% the following month, underscoring how

Samsung Electronics' blockbuster earnings drive chip stocks higher South Korea's Kospi swung between gains and losses on April 7 before ending higher in the 5,490 range. Investor sentiment improved after Samsung Electronics posted a first-quarter ear

Algorithm Holdings, once a karaoke-machine seller, says its AI could cut global trucking activity by 30% A report from a little-known company touting artificial intelligence-driven logistics improvements wiped about $17 billion off the market value o

Samsung operating profit surges to $41.4 billion; LG returns to the black Companies absorb soaring freight costs and a won exchange rate above 1,500 per dollar Samsung Electronics Co. and LG Electronics Inc. both posted strong first-quarter earnings,

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., said a war between the US and Iran could fuel inflation and push interest rates higher, weighing on financial markets. In his annual letter to shareholders released on April 6, Dimon wrote

JPMorgan Chase, a leading U.S. investment bank, said Tesla shares could plunge as much as 60% from current levels. Tesla’s stock subsequently came under pressure. On the 6th (local time), Tesla closed at $352.82 on the Nasdaq, down 2.15% from the pre

Analyst dispatched in person to Oman’s Musandam Peninsula Analyst: “Traffic through Hormuz has recently risen to about 15 vessels a day” Citrini Research, an unconventional Wall Street research shop, released findings from an on-the-ground probe in w

All three major US stock indexes closed higher in New York. The gains were seen as reflecting hopes for a ceasefire, with a deadline for the conclusion of negotiations to end the war between the United States and Iran just a day away. On the 6th (loc

Oil prices fall, Asian equities including Korea and Japan rise Trump sets deal deadline for “midnight on the 7th” Signs of recovering traffic through the Strait of Hormuz also bolster sentiment On the 6th (local time), global equities advanced on exp

Japan’s 10-year government bond yield surged to its highest level in 27 years. Bond selling is continuing amid inflation concerns driven by rising oil prices. On the 6th in Japan’s bond market, the 10-year JGB yield— a key benchmark for long-term rat