Korea Economic Daily

Iran’s government has reportedly confirmed the death of Ali Larijani, secretary of the Supreme National Security Council (SNSC). According to major foreign media outlets on the 18th (local time), the SNSC said in a statement posted on its Telegram ch

International oil prices turned higher again, but the three major U.S. stock indexes in New York ended the session up. On the 17th (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 46.85 points (0.10%) from th

◆Wall Street edges higher despite oil’s rebound The three major U.S. stock indexes extended gains, posting modest rises even as international oil prices rebounded. In early trading today at the New York Stock Exchange, the Dow rose 0.1% from the prev

President Lee Jae-myung will chair a meeting titled the “Roundtable for Capital Market Stabilization and Normalization” at Cheong Wa Dae on the afternoon of the 18th, where he will discuss measures to stabilize the domestic capital market and improve

Joe Kent, director of the National Counterterrorism Center (NCTC) and an ardent supporter of US President Donald Trump, announced his resignation on the 17th (local time), saying he does not support a war with Iran. In a post on X (formerly Twitter)

U.S. President Donald Trump said on the 17th (local time) that North Atlantic Treaty Organization (NATO) member states that rejected a request to deploy troops to the Strait of Hormuz were “making a very foolish mistake.” Speaking at a bilateral meet

US SEC: “Bitcoin is a ‘digital commodity’… not a security” Han Kyung-woo, Hankyung.com reporter case@hankyung.com

March FOMC to be held March 17–18 (local time) 'Rate hold' seen as the base case "Cautious about rate cuts amid rising oil prices" The U.S. central bank, the Federal Reserve, will hold the March meeting of the Federal Open Market Committee (FOMC) on

Iraq’s oil output cut from 4.4 million barrels to 1.2 million after the war Also working to resume oil exports to Turkey Hong Kong-flagged vessel also transits the Strait of Hormuz on the day Iraq said it is in contact with Iran to ensure that tanker

S&P Financials sector index down 11% Fears of distress in the U.S. private credit market are fueling fund runs and a spike in short selling of financial stocks. Wealthy investors are estimated to have pulled more than $10 billion (about 14.9 trillion

Lee Soo-hyung, a member of the Bank of Korea’s Monetary Policy Board, assessed that although the won has remained under pressure since the recent war in the Middle East, it is not yet at a stage that warrants excessive concern. Speaking at a press br

Will the U.S.-China 'rapprochement mood' crack? China: “No harm in postponing the summit” Likely to expand influence in the Middle East and East Asia Analysts say President Donald Trump’s decision to postpone a U.S.-China summit could cool ties that

Stanley Druckenmiller, a legendary Wall Street investor, predicted that the U.S. dollar’s status as the world’s reserve currency could weaken over the long term. He said it is also possible that crypto assets such as Bitcoin and stablecoins could fil

China said it is in discussions with the United States regarding a request to postpone the schedule for a U.S.-China leaders’ summit. Lin Jian, a spokesperson for China’s Ministry of Foreign Affairs, said at a regular briefing on the 17th that “both

Payment gateway (PG) operator KG Inicis is moving to build payment infrastructure based on digital assets with global digital-asset platform Crypto.com. The aim is to broaden payment options for cross-border e-commerce, such as enabling overseas user

"U.S. tacitly allows Iranian tankers amid fears of an oil-price spike" Iran earns 210 billion won a day from crude exports Bessent: "We let Iranian ships sail out" A series of reports in U.S. and U.K. media suggest that Iran is exporting crude at lev

Asahi reports… Takaichi: "We are examining various options" The Japanese government has begun reviewing whether it can dispatch the Self-Defense Forces (SDF) to the Strait of Hormuz in response to a request from President Trump, the Asahi Shimbun rep

The KOSPI got off to a strong start, rising more than 2%. Expectations that a blockade of the Strait of Hormuz could be lifted, along with forecasts that demand strength for artificial intelligence (AI) semiconductors will persist at Nvidia’s annual

Major indexes in the New York stock market closed higher. Expectations that the closure of the Strait of Hormuz could be lifted helped push international oil prices back into decline. Adding to the gains, investor sentiment toward tech stocks improve

◆ Investor sentiment improves after hitting a 'year-to-date low' On the 16th (local time), all three major U.S. stock indexes in New York rebounded in tandem. The Dow Jones Industrial Average closed at 46,946.41, up 0.83% from the previous session; t

U.S. President Donald Trump said on the 16th (local time) that he had asked China to postpone the U.S.-China summit. Trump had planned to visit China from the 31st of this month through the 2nd of next month to meet with Chinese President Xi Jinping.

China’s trade envoy said that in trade talks with the United States, the two sides discussed establishing a working-level mechanism to promote bilateral trade and investment cooperation, as well as the U.S. “Section 301 investigation” issue. Accordin

First intraday breach of 1,500 won since the 2009 financial crisis Fears of “S-panic” as global oil prices jump Dollar gains on safe-haven demand Authorities watch without separate market intervention “Further gains would only drain FX reserves” Incl

Calls for participation in 'Hormuz escort'…Hints at postponing a summit with China Japan, the U.K. and others in 'cautious mode' despite U.S. request China criticizes: 'Set the fire, then pass on the bill' Iran seeks to drive a wedge between the U.S.

Yen weakness seen continuing Boosting carry-trade incentives As the yen continues to weaken in global FX markets, the “yen carry trade”—borrowing the low-yielding yen to invest in higher-yielding currencies such as the U.S. dollar—is gaining renewed

“China gets 90% of its oil through Hormuz… it should help” Warns NATO, too: “Bad impact in the future” U.S. President Donald Trump is repeatedly pressuring China to cooperate in securing safety in the Strait of Hormuz. He is also raising the pressure

Japan ahead of U.S.-Japan summit Weighs dispatch amid cautious stance Japanese Prime Minister Sanae Takaichi said on the 16th, regarding a U.S. request for Japan to dispatch warships to the Strait of Hormuz, that “the government of Japan is currently

U.S. President Donald Trump said he would "remember" whether countries take part, as he urged seven nations to join a coalition to escort oil tankers through the Strait of Hormuz and prepare for a potential attack on Iran. Trump made the remarks aboa

Release of 15 days’ worth of private-sector reserves Followed by one month of state reserves About 20% of Japan’s stockpiles The Japanese government began releasing oil reserves on the 16th as tensions involving Iran worsened. It marks the first such

Trump declines to answer on aims of Iran war or when it will end Allies confused, each looks for its own way out Unofficial diplomatic channels with Iran activated "Trump may unilaterally declare victory and end the war" As the U.S. and Israel’s atta