Korea Economic Daily

◆ US Treasury Secretary: "No trade deal until Korea’s National Assembly approves" US Treasury Secretary Scott Bessent said in a CNBC interview on the 28th (local time) that “because Korea’s National Assembly has not passed the trade agreement, there

"Won’t comment" on Trump pressure, etc. "U.S. economy shows solid growth" "Inflation and employment-cooling risks have eased, but have not fully disappeared" Federal Reserve Chair Jerome Powell on the 28th (local time) struck a cautious tone, refrain

U.S. Treasury Secretary Scott Bessent said on the 28th (local time) that “because South Korea’s National Assembly has not passed the trade deal, there is no trade deal with South Korea until they ratify it.” Bessent made the remarks in response to a

"Paul Volcker also previously attended a Supreme Court hearing" Federal Reserve Chair Jerome Powell said that his decision to attend a Supreme Court hearing related to Governor Lisa Cook came amid political controversy, adding that he judged it to be

"Unemployment rate at 4.4% with little change for several months" "Inflation is somewhat elevated relative to the 2% long-run goal" "Jobs down by 22,000 a month…labor demand clearly weakening" Jerome Powell, chair of the U.S. central bank (Fed), said

Invitational meeting with foreign-invested companies "Toward a governance structure where shareholders are treated properly… Geopolitical risks on the Korean Peninsula will disappear" "Set up a presidentially overseen Regulatory Rationalization Commi

In 2022, BAYC (Bored Ape Yacht Club) non-fungible token (NFT) No. 8817 traded for $34 million (about 48.3 billion won). That was 180,000 times its initial sale price a year earlier (about $190). Yuga Labs, the blockchain company founded by artists, i

The KOSPI index topped the 5,100 level for the first time ever. Amid an unprecedented rally, the market capitalization of the main board surpassed Germany’s. The KOSDAQ, also on a steep run, succeeded in settling above 1,100. As the rally continues,

South Korea’s Financial Services Commission (FSC) will allow leveraged exchange-traded funds (ETFs) that use domestic blue-chip single stocks—such as Samsung Electronics and SK hynix—as underlying assets. The move aims to open up ETF products that ar

“Korea is an ally; there is no animus” — warns against overinterpretation Jamieson Greer, head of the Office of the U.S. Trade Representative (USTR), argued that President Donald Trump’s threat to restore tariffs on South Korea from 15% to around 25%

Gold tops $5,200 The dollar slid back to levels last seen four years ago after U.S. President Donald Trump made remarks that appeared to tolerate a weaker greenback. With “Sell America” fears already growing over the U.S. push to take control of Gree

International spot gold prices surpassed $5,200 per ounce for the first time ever. Spot silver prices also broke through $110 per ounce. According to Bloomberg, as of 11:05 a.m. on the 28th, spot gold was trading at $5,205.97 per ounce. A benchmark s

The Kospi is rising nearly 2% and is eyeing a break above the 5,200 level. The Kosdaq is also surging more than 3.7%. As of 11:04 a.m. on the 28th, the Kospi was trading at 5,181.91, up 97.06 points (1.91%) from the previous session. It blasted throu

Homegrown trading platforms... fundamentally different from stock exchanges Need to weigh the effects of “ownership stake cap regulation” It has not been that long since crypto-asset businesses—especially those known as crypto-asset exchanges—came to

South Korean equities, having settled at the “5,000 KOSPI” and “1,000 KOSDAQ” milestones, are expected to extend their uptrend on the 28th on the back of a tailwind from U.S. stocks and expectations for earnings season. The previous session saw both

Major indexes on Wall Street finished mixed. Big Tech shares rose on optimism ahead of earnings releases, but investor sentiment toward traditional large-cap stocks deteriorated sharply, led by insurers. On the 27th (local time), at the New York Stoc

◆ US stocks: S&P 500 ends at a record high on tech strength With tech shares extending gains on expectations of strong big-tech earnings, the S&P 500 index closed at an all-time high on the 27th local time. On the New York Stock Exchange (NYSE), the

US President Donald Trump said on the 26th (local time) that he would suddenly raise reciprocal tariffs and auto tariffs imposed on South Korea back to 25% from 15%. He said this was because South Korea’s National Assembly is not proceeding with the

Biggest FTA covering 2 billion people and 25% of global GDP Prime Minister Modi praises the India-EU pact as the “mother of all agreements” US Treasury’s Bessent criticizes the India-EU FTA The European Union (EU) and India have concluded a free trad

Acting U.S. ambassador in Seoul sent it to deputy prime minister for science and ICT Industry minister, among others, copied Industry ministry: "digital regulation issue" The United States is said to have delivered a letter to the South Korean govern

As US President Donald Trump announced that he would raise tariffs on South Korean products, including automobiles, back to pre-agreement levels, reports have said the move is likely to reverberate across other countries as well. The Financial Times

[Breaking] KOSPI ends up 2.73% at 5,084.85…first close above 5,000 Shin Min-kyung, Hankyung.com reporter radio@hankyung.com

An analysis has suggested that U.S. President Donald Trump’s surprise decision to raise tariffs on South Korea from 15% to 25% was aimed at pressuring Seoul to bring forward investment. According to Bloomberg on the 27th, in July last year South Kore

With silver prices surging, large sums are also pouring into exchange-traded funds (ETFs) that invest in silver. As demand for safe-haven assets rises and industrial demand provides additional support, silver prices are setting fresh records day afte

Blue House: “We conveyed to the U.S. our commitment to implement the tariff deal… we will respond calmly” Ruling party and government to hold a meeting of the National Assembly’s Finance and Economy Committee next month, aiming to pass a special law

The won/dollar exchange rate rose for the first time in five sessions after U.S. President Donald Trump abruptly mentioned raising tariffs on South Korea. In the Seoul FX market on the 27th, the won traded at 1,451.3 per dollar as of 9:04 a.m., up 10

"Because South Korea’s National Assembly didn’t legislate the trade deal" Slower-than-expected pace of investment in the U.S. Concerns investment delays could be driven by a weaker won Possible grievances over digital regulation as well U.S. Presiden

Wall Street’s three major stock indexes closed higher. U.S. President Donald Trump ramped up tariff threats against Canada and concerns grew that the U.S. federal government could face a shutdown (temporary suspension of operations) amid partisan con