Korea Economic Daily

Unrivaled reusable launch vehicle technology OpenAI, Anthropic also waiting to go public SpaceX said on the 1st (local time) in an interview with Bloomberg that it is targeting an IPO valuation of $1.75 trillion (about 2,650 trillion won). That is la

Chinese government bond prices edge up despite the Iran war Resilience to the energy shock draws favorable assessments Low inflation and capital controls are instead fueling 'investment interest' Even amid the Iran war, yields on Chinese government b

President Lee Jae-myung mentioned the word “crisis” 28 times in his policy speech, underscoring the fallout from the war in the Middle East and calling for swift handling of a supplementary budget bill. In his policy speech to the National Assembly o

Globalstar surges 15% in after-hours Nasdaq trading Set for a head-on clash with SpaceX’s satellite internet service Starlink Apple emerges as a wild card…holds a 20% stake in Globalstar Amazon is pursuing the acquisition of U.S. satellite communicat

As the KOSDAQ index plunged, a temporary suspension of program sell orders (the “sidecar”) was triggered on the 2nd for the first time in about a month. According to the Korea Exchange, at around 2:34:32 p.m. that day, the effectiveness of program se

As the appointment of Hyun Song Shin, the nominee for the next governor of the Bank of Korea (BOK), draws near, anticipation and concern are intersecting inside the central bank. While many say “it would be hard to find a more suitable person,” citin

Spillover effects from the war in the Middle East pushed prices of petroleum products—including gasoline and diesel—up nearly 10% last month. But with the government’s price-stabilization measures taking effect, such as implementing a cap on maximum

Government goes all-out to secure crude With the Middle East war dragging on and concerns rising over potential gaps in crude supply and demand, it was confirmed on the 2nd that the government and the refining industry are expanding imports of U.S. c

Analysis by the Korea Institute for International Economic Policy Even if the war ends quickly, international crude at $90 If it escalates, $174…"even this outlook is a conservative estimate" "An oil-price spike on a historically unprecedented scale

An address with no mention of a ground war or a postwar plan Handing off keeping the Strait of Hormuz open to user countries Stresses “U.S. energy independence” without addressing allies’ situations U.S. President Donald Trump said in a roughly 20-mi

The KOSPI index has widened its losses to more than 2% after turning lower intraday on the 2nd. The move is seen as reflecting renewed concerns over a prolonged war following U.S. President Donald Trump’s public address on the Iran war. As of 10:26 a

KOSPI and KOSDAQ turn lower after Trump speech Won-dollar exchange rate extends intraday gains Noh Jeong-dong, Hankyung.com reporter dong2@hankyung.com

The KOSPI opened higher on the 2nd, reclaiming the 5,500 level. Gains have extended for a second straight session, supported by expectations of an end to the war in the Middle East and a sharp rally in U.S. semiconductor stocks. However, the upside i

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol said on the 2nd that "claims that the government will force the sale of U.S. dollars are clearly fake news that have never been discussed at all." In a post on social media (SNS)

U.S. President Donald Trump on April 1 (local time) voiced frustration with South Korea for not immediately responding to a request to send troops, as he argued that European and Asian countries should take charge of securing the Strait of Hormuz, wh

President Donald Trump is set to deliver a national address tonight at 9 p.m., or 10 a.m. Korea time. As it will be his first address to the nation since the Iran war began, attention is focused on what he will say. In particular, the key question is

All three major U.S. stock indexes rise Trump and Iran signal willingness to end the war With expectations growing that the war between the United States and Iran will move toward an end, South Korean stocks are expected to open higher on the 2nd. Af

U.S. stocks extended their rally for a second straight session as investors bet that the U.S.-Iran conflict will soon be brought to a close. In trading on the New York Stock Exchange on the 1st (local time), the Dow Jones Industrial Average rose 224.

DEEP INSIGHT Gulf allies trapped in a dilemma War between the United States and Israel and Iran has left Washington’s Gulf partners in an awkward bind. They include Saudi Arabia, the United Arab Emirates (UAE), Qatar, Kuwait, Oman and Bahrain. They e

DEEP INSIGHT Five reasons for seeking hegemony in the Middle East (1) An energy-shipping valve at the crossroads of three continents (2) Growing into a new export base for the defense and arms industry (3) Oil money that fattens up the U.S. financial

"No hostility toward other countries such as the U.S., Europe and neighbors" Emphasizes commitment to peace Iranian President Masoud Pezeshkian said that "continuing down the path of confrontation is more costly than ever and a meaningless endeavor,"

Park Su-rim, Hankyung.com reporter paksr365@hankyung.com

Proposes coalition force to Europe and Asian countries Brent crude posts record monthly surge in March The United Arab Emirates (UAE) has begun urging multiple countries to undertake military operations to reopen the Strait of Hormuz. The move comes

KRW 4.3tn inflow…mostly Japanese funds Korea Treasury yields fall sharply Korean government bonds were added to the World Government Bond Index (WGBI) on the 1st, triggering an inflow of more than KRW 4.3tn in global investment funds, according to ma

Gas alert also raised one notch to 'Caution' Two-day vehicle restriction for public agencies; five-day rotation at public parking lots nationwide Private sector participation encouraged on a voluntary basis As the Middle East conflict drags on, the g