The Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
All Articles 5,979
The won/dollar exchange rate rose for a sixth consecutive session despite heightened vigilance over possible intervention by the foreign-exchange authorities, climbing above 1,450 won. In Seoul’s FX market on the 8th, the won’s onshore spot close aga
"Maduro and his wife injured in U.S. military raid" The Venezuelan government said 100 people, including civilians, were killed as a result of a U.S. operation to arrest Venezuelan President Nicolás Maduro. On the 7th (local time), Venezuelan Interio
Global oil prices fell sharply after the United States said it would sell Venezuelan crude on the market indefinitely. Expectations that supply could increase alongside sanctions relief spread, intensifying downward pressure on prices. On the 7th (lo
The KOSPI set a new all-time intraday high. As of 11 a.m. on the 8th, the KOSPI was trading at 4,611.72, up 60.66 points (1.33%) from the previous session. The index opened at 4,531.46, down 19.6 points (0.43%) from the prior day, but soon reversed c
Up 208.17% year-on-year Sales 93 trillion won marks an all-time 'high' 'All-time high' quarterly operating profit in about seven years Samsung Electronics became the first Korean company to record a quarterly operating profit of 20 trillion won. Sale
The Donald Trump administration said today it will control sales of Venezuelan crude oil and that the United States will manage the proceeds. Chris Wright, Secretary of Energy, said this officially while speaking at a Goldman Sachs Group conference t
[Breaking] Samsung Electronics' operating profit in the fourth quarter of last year 20 trillion won… highest ever Kim Su-young Hankyung.com reporter swimmingk@hankyung.com
The three major U.S. stock indices closed mixed. Tech stocks held up strongly, but selling emerged across the board in the afternoon, giving the market a breather. Even so, Alphabet overtook Apple to become the second-largest company by market capita
[Breaking] Trump signs 'withdrawal from 66 international organizations including UN agencies' Kim Su-young Hankyung.com reporter swimmingk@hankyung.com
[Breaking] Trump "2027 defense budget should be 1.5 trillion dollars, not 1 trillion dollars" Kim Su-young Hankyung.com reporter swimmingk@hankyung.com
◆ U.S. begins asserting control over Venezuela's oil resources…seeking economic benefit and checking China simultaneously The Trump administration has begun to assert control over Venezuela's energy resources by revealing plans to take possession of
Europe uneasy over Trump's desire to control Greenland Denmark: "Will spend 20 trillion won on Greenland defense" Building justification by framing from 'economic security' to 'national security' Following Venezuela, Europe's concern is growing that
U.S. private-sector employment turned to growth in December last year. However, it was below market expectations. On the 7th, private employment research firm ADP reported that U.S. private-sector employment increased by 41,000 in December last year
"Will bring in up to 50 million barrels Sale proceeds will be controlled directly by me" Hits to exporters like Canada that have been selling to the U.S. U.S. President Donald Trump said he would secure up to 50 million barrels of oil from the Venezu
China has launched an anti-dumping investigation into dichlorosilane, a semiconductor process chemical imported from Japan, following its ban on rare earth exports. The Ministry of Commerce announced on its website on the 7th that it would begin an a
CES on-site briefing All three memory companies expand production capacity Demand continues to rise due to AI infrastructure investment Jensen Huang, NVIDIA Chief Executive Officer (CEO), said of the memory semiconductor boom brought by the artificia
Bitcoin down 60% in six months↓ MSCI "May reconsider exclusion" Morgan Stanley Capital International (MSCI), the world's No.1 index compiler, has decided to continue including MicroStrategy and other crypto asset investment firms in its major indices
The advance of Silver… Surpassed NVIDIA's market cap Investment flows amid global instability Market cap 4.6 trillion dollars… 2nd largest single investment asset IBs: "Silver price could be three times higher than now" Silver's market value has appa
'Korea Exchange-Koscom'·'NextTrade-Musicow' consortia selected LucentBlock consortium defeated The operator of the token securities (STO) over-the-counter exchange (distribution platform) has effectively been decided. According to financial circles o
US$5 billion more than planned "AI investment war Round 2 begins" xAI, the artificial intelligence (AI) company led by Elon Musk (pictured), secured US$20 billion (about 26 trillion won), becoming the first major AI company this year to announce a la
U.S. CBS interview Venezuelan opposition leader Maria Corina Machado said the opposition she leads should run the Venezuelan government. On the 6th (local time), Machado said in a video interview with U.S. CBS, "The Venezuelan people have already cho
Chinese state media continue to offer positive evaluations of the China visit's outcomes Summit highlights need for long-term cooperation China-Japan ties escalate into security clashes beyond the Taiwan issue Chinese state media are rushing to give
Global investment bank Macquarie advised, "Do not sell Samsung Electronics and SK hynix too early," forecasting that the memory supercycle will continue through 2027. It set a target price of 240,000 won for Samsung Electronics and 1,120,000 won for
Foreign net buying Semiconductor stocks continue to strengthen…'140000-won Samsung Electronics'·'760000-won SK Hynix' The KOSPI index rose more than 1% early in trading on the 7th and broke through the 4600 level, setting a new record again. Bolstere
Authorities add the industry to banks' subsidiaries Possible to hold more than 15% of shares A path appears to be opening for banks to hold more than 15% of the equity of issuers of won-denominated stablecoins. With the government's submission of the
Authorities Allow 'Won-Denominated Coin Issuers' to Be Incorporated as Bank Subsidiaries Banking Sector's Calculations over Won Coins Grow More Complex Issuers' Equity Can Be Held Directly Heavy Burden for Single Largest Shareholder Participation Lik
Issuance approval expected only by year-end As the government's draft of the Basic Act on Digital Assets comes into view, the financial sector has begun positioning itself to secure the title of 'first issuer of a won-denominated stablecoin.' The fin
High peak burden 'box range within an upward trend' pattern A phased approach is necessary rather than chase buying Last year, international gold and silver prices showed a record rise and staged a strong rally. Gold jumped more than 60% in one year,
Prices likely to be significantly adjusted in the first half Could fall to 65,000 dollars Still undervalued compared with gold…ample upside JPMorgan "Could rise to 170,000 dollars" Last year the bitcoin market swung between extremes. Bitcoin prices f
Keynote ahead of the opening of CES 2026 OpenAI president who signed a tens-of-billions-of-dollars deal appears as guest Lisa Su, CEO of AMD, unveiled the new graphics processing unit (GPU) Instinct MI455X at CES 2026 in Las Vegas, U.S., on the 5th (