Korea Economic Daily

Warsh named as Fed chair nominee Wall Street ends lower…gold, silver plunge U.S. stocks fell on the 30th (local time) after President Donald Trump nominated former Fed Governor Kevin Warsh as the next chair of the U.S. central bank (the Fed, the Fede

"It would be inappropriate to seek a promise of rate cuts," he said, while also noting "He will want rate cuts" U.S. President Donald Trump said on the 30th (local time) that he did not directly discuss the issue of cutting the policy rate with Kevin

Trump names Kevin Warsh, former Fed governor, as Powell’s successor Met Trump privately the day before for a ‘last-minute vetting’ Opposed quantitative easing during the financial crisis, but has recently shifted his stance with rate cuts Trump, who

Asked whether he had blocked a 'tariff hike' Minister Kim: "It’s not at that stage" To meet Lutnick again on the 31st Kim Jeong-gwan, South Korea’s minister of Trade, Industry and Energy, met Howard Lutnick, the U.S. commerce secretary, on the 29th (

Trump: "Fed chair announcement on the 30th"…signals successor pick FT: "Preparing to nominate former governor Kevin Warsh"…citing sources Warsh frontrunner talk lifts dollar, pushes up U.S. Treasury yields As U.S. President Donald Trump said he would

Up more than 10% even this year Overheating warnings are growing Bearish factors persist on the physical supply-demand front Copper—dubbed “Dr. Copper” and the latest superstar of global commodity markets—has extended its rally into the new year. Aft

A report has emerged that ChatGPT developer OpenAI is preparing an initial public offering (IPO) in the fourth quarter of this year. If it does proceed with a listing, it is expected to be a mega-IPO representing the artificial intelligence (AI) indu

The Korea Financial Investment Association (KOFIA) said on the 30th that it has carried out an organizational reshuffle and executive appointments to prepare long-term growth strategies for the capital market in anticipation of a KOSPI 5,000 era, and

Lee Chang-yong, governor of the Bank of Korea, said it was "a relief" that the won-dollar exchange rate has fallen back to the 1,430-won range. "Since November, the currency has depreciated far more than what I thought was appropriate," he said, addi

Wall Street shifts focus to AI profitability Meta posts $59.8bn in Q4 revenue EPS jumps… up 11% in after-hours trading Profitability metrics such as revenue per user improve Microsoft falls 6% despite 17% revenue growth Azure cloud revenue slowdown c

After Trump, the U.S. Treasury piles on pressure U.S. Treasury Secretary Scott Bessent said on the 28th (local time) that there would be "no trade deal with South Korea" until South Korea’s National Assembly passes a special bill on investment in the

Around 6 p.m. on the 28th (local time), as dusk fell, the area in front of the National Museum of Asian Art (NMAA) near the National Mall in Washington, DC, was quietly bustling. Large black vehicles repeatedly pulled up to drop off guests and drove

Rules to Notify Sanctions on Former Employees Also Introduced Going forward, entry regulations will be tightened so that, when virtual asset service providers file registration reports, authorities can review major shareholders’ criminal records, fin

"Even if China grows stronger, it will not threaten other countries" China moves to spotlight the British prime minister on his first visit in eight years Stresses genuine multilateralism, signals intent to strengthen ties Chinese President Xi Jinpin

To be used to acquire global financial firms and exchanges Bold investment using $20 billion from five years of Mirae Asset Group operating profit and proceeds from SpaceX and xAI exits Personally overseeing M&A worldwide…setting up a VC in San Franc

President Lee Jae-myung likened the domestic stock market to a department store, underscoring his determination to weed out insolvent companies and crack down sternly on unfair trading. In a post on his official social networking service (SNS) accoun

January FOMC keeps benchmark rate at 3.5–3.75% “U.S. economy expanding at a solid pace” Powell avoids comments about the Trump administration The U.S. central bank (Fed) held its January Federal Open Market Committee (FOMC) meeting on the 28th (local

Russia said it is not ruling out a summit itself between President Vladimir Putin and Ukrainian President Volodymyr Zelensky, but stressed that any meeting must be one capable of delivering tangible results. According to TASS on the 29th, Yuri Ushako

The KOSPI has turned lower intraday and is trading back in the 5,100 range. The KOSDAQ index is seesawing sharply. As of 11:09 a.m. on the 29th, the KOSPI is down 26.64 points (0.52%) from the previous session at 5,144.17. The index set a new all-tim

The Bank of Korea (BOK) said that uncertainty over the next Federal Reserve (Fed) chair nomination timetable is likely to persist, citing continued uncertainty surrounding the monetary-policy path. The central bank appears to be assessing that the di

FSC holds off twice on 'STO OTC exchange selection' Tilting toward 'reopen a separate agenda subcommittee for renewed deliberations'…likely to present a compromise South Korea’s Financial Services Commission (FSC) has been caught in a dilemma over pr

BOK seen holding for a sixth straight meeting, keeping a 1.25%p rate gap As the US central bank (Fed) has paused cuts to its policy rate, the Bank of Korea is also increasingly likely to keep rates on hold for the time being. On the 28th (local time)

Samsung Electronics announces Q4 and full-year results for 2025 Q4 operating profit 20.0737 trillion won… revenue about 94 trillion won Full-year operating profit 43.6011 trillion won… revenue 333.7 trillion won Strong HBM sales and rising memory pri

The three major U.S. stock indexes ended mixed. Ahead of earnings releases, tech and semiconductor shares advanced, pushing the Standard & Poor’s (S&P) 500 above the 7,000 level for the first time intraday. However, it gave up gains and finished near

Concerns are mounting that rising government debt in low- and middle-income countries could become a flashpoint for the global economy. The worry is that it is eroding the world economy’s underlying fundamentals. Some analysts also warn it will dampe