Korea Economic Daily

Ceremonies to open in Tehran before continuing in Qom and ending with burial in Mashhad Funeral starts 126 days after his death and coincides with US Independence Day Schedule released as US-Iran ceasefire MOU appears close The funeral for former Ira

In July 2023, in an office in Qingdao, Shandong province, a man surnamed Peng was setting up a new digital wallet. Moving a Bitcoin wallet required 12 English words, known as a mnemonic or seed phrase. The phrase functions like a password for opening

The US government has begun treating artificial intelligence models as strategic assets that require approval to cross borders, putting them in the same category as advanced semiconductors and military technology. The shift came as Washington moved t

Qatar is suspected of secretly approaching Iran in an effort to protect its key energy infrastructure. The Washington Post reported on June 12, citing multiple Middle East security officials. According to the report, Qatar contacted Iran in late Febr

Mirae Asset Securities Fails to Secure Allocation for Local Underwriting Group Korea Investment, Mirae ETF Inclusion Plans Unravel South Korean asset managers’ plans to secure SpaceX IPO shares in advance have fallen apart. Mirae Asset Securities, pa

Mirae Asset Securities said it did not secure a single SpaceX initial public offering share for distribution to investors in South Korea, despite joining the underwriting syndicate for the U.S. space company’s listing. In a notice on June 13, the bro

Wall Street's three main indexes closed higher on June 12 as hopes for a US-Iran agreement to end their conflict and a strong stock-market debut by SpaceX lifted sentiment. The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to 51,202.26. T

Starlink Cash Fuels Musk’s Expanding Bet on AI and Space SpaceX Prices IPO at $135 a Share $75 Billion Offering Sets IPO Record Elon Musk’s SpaceX listed on the Nasdaq on June 12, breaking records for both IPO proceeds and market value. The company s

First Semiconductor Production Base in the Honam Region Advanced District 3 a Leading Candidate; Ample Power a Key Advantage SK Hynix is pursuing a plan to establish a semiconductor back-end production base in South Korea’s Honam region, including Gw

Mirae Asset Securities, part of the underwriting syndicate for SpaceX's initial public offering, was allocated 2,314,815 shares worth about $312.5 million at the offering price. Documents posted on the US Securities and Exchange Commission website on

Nomura Targets Samsung at $427, SK Hynix at $3,623 More analysts are arguing that the semiconductor supercycle is still in its early stages. Goldman Sachs and Nomura Securities have both offered bullish views on the industry, citing rising investment

Shares surge 24% on hopes for TerraFab-related gains Hanmi Semiconductor will invest about $36 million in SpaceX, the U.S. private space company. The chip equipment maker described the purchase as a strategic investment aimed at benefiting from growt

Foreign investors return after 35 days Buy 2 trillion won of shares led by chip heavyweights Kospi touches 8,400; Kosdaq regains 1,000 South Korean stocks ended the week with a sharp rebound on June 12 after opening with a Black Monday-style selloff

Move would add another big-tech chip contract after Tesla Helping cement its position in leading-edge 2-nanometer manufacturing From HBM to packaging services Pushing its turnkey-solution strategy Samsung Electronics Co. is poised to produce part of

Bank of Korea Governor Shin Hyun-song said interest rates need to be raised without delay with a focus on price stability, effectively formalizing the case for a July increase in the benchmark rate. Since his first Monetary Policy Board meeting as go

First 3x ETPs tied to Samsung Electronics and SK Hynix list in London In the US, 2x ETFs tied to Samsung Electro-Mechanics and Hyundai Motor are in registration Tighter Korean rules raise concerns demand could shift overseas Leveraged exchange-traded

TRM Labs, a global blockchain research firm, said on June 12 that cryptocurrency scams could proliferate around the World Cup in North America. According to the report, four cryptocurrency wallet addresses tied to scams have been identified, includin

Modetour said June 12 that it participated as a validator in a proof-of-concept test of stablecoin payment technology for e-commerce platform POPPOP, verifying transaction stability and processing accuracy in the payment infrastructure. The exercise

Reaffirms tightening stance in speech marking central bank’s 76th anniversary Third public signal after May rate meeting and last week’s BOK conference Says rates need to rise with focus on price stability Bank of Korea Governor Shin Hyun-song again

South Korean construction stocks rallied in early trading on June 12. As of 9:30 a.m., GS Engineering & Construction had climbed 2,200 won, or 8.4%, to 28,400 won from the previous session. Other builders also rose, including Samsung C&T Corp., up 9.

SpaceX Sets IPO Price at $135 a Share U.S. stocks surged after President Donald Trump signaled that a peace agreement with Iran was near. Hopes that the Strait of Hormuz would remain open sent oil prices sharply lower, while SpaceX added to the upbea

The Washington Post and US Trade Representative Jamieson Greer are trading barbs over the justification for US tariffs of 10% to 12.5% imposed last month on 60 countries, including South Korea, on the grounds that they were not doing enough to block

Retail demand in SpaceX's initial public offering topped $100 billion, Bloomberg reported. Bloomberg, citing people familiar with the matter on June 11, reported that orders from individual investors seeking SpaceX shares exceeded $100 billion. Space

The World Bank said the global economy will slow to its weakest pace since the Covid-19 pandemic as conflict in the Middle East and rising energy prices weigh on growth. In a report released June 11, the World Bank projected global growth of 2.5% in