Korea Economic Daily

Only hours after Iranian President Masoud Pezeshkian apologized to Gulf countries and said he would halt attacks, Gulf states including Bahrain, the United Arab Emirates (UAE) and Qatar were hit in successive Iranian strikes. According to reports fro

Average daily move this month: 13.2 won·0.91% Biggest volatility since the COVID-19 pandemic Depreciation rate also the highest among major currencies Daily volatility in the won-dollar exchange rate has reached its highest level since the COVID-19 p

Pension retail investors pile into semiconductor and KOSDAQ ETFs Semiconductor- and KOSDAQ-related exchange-traded funds (ETFs) were the most bought last month in retirement pension accounts at major brokerages, data showed. The buying suggests many

"Entrepreneur clients who take high risk in their core business Need to focus on volatility control and steady asset growth" For founders who have achieved major success through business, wealth management becomes another challenge. Because they alre

As the US Army recently and abruptly cancelled large-scale training for the headquarters element of its top-tier airborne unit, speculation is growing that the force could be committed to a ground war with Iran. According to The Washington Post (WP)

Dubai International Airport in the United Arab Emirates (UAE) has again temporarily suspended operations amid fallout from U.S. and Israeli attacks on Iran. According to Reuters, Bloomberg and other foreign media on the 7th (local time), Dubai author

Yen slides to 158 per dollar ‘Buy the safe-haven yen in a crisis’ no longer holds With the U.S. and Israel’s strikes on Iran marking one week on the 7th, the foreign-exchange market is seeing Japan’s yen weaken. Behind the move are efforts to secure

U.S. Treasury Secretary Scott Bessent signaled what he described as the largest bombing operation directed at Iran. In an interview with Fox Business on the 6th (local time), Bessent said, "Tonight we will carry out the largest bombing operation to i

The White House said it expects the military operation against Iran to be concluded within the next four to six weeks. Karoline Leavitt, the White House press secretary, said at a briefing on the 6th (local time) when asked about the timeline for com

Iran has lost 60% of its missiles, turns to drones and mines Analyzing Iran’s military capability Iran’s missile strikes down 90% Could lose launch capability as early as next week, but Uses about 10,000 drones and about 5,000 mines Possibility of pr

U.S. stocks in New York fell for a second straight day as global oil prices spiked on fears of supply disruptions. On the 6th (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed down 453.19 points (0.95%) at 4

Market Column As the era of artificial intelligence (AI) accelerates in earnest, the global hegemony rivalry is expanding beyond technology into capital and financial systems. The United States is stepping up efforts to build new financial infrastruc

"‘Gold when war breaks out’—wasn’t that basically an ironclad rule?" As Korea’s stock market has been swinging on the impact of the war involving the U.S. and Israel and Iran, the price of gold—widely seen as a flagship safe-haven asset—has continued

Fostering the digital economy through the five-year plan Stepping up data-centric industrial policy Accelerating efforts to narrow the gap with the US The Chinese government has decided to raise the share of the digital economy in gross domestic prod

As the U.S.-Iran war sent global oil prices surging, the Donald Trump administration has moved to rein in inflation. According to Politico on the 5th (local time), White House Chief of Staff Susie Wiles recently instructed aides to bring forward idea

KOSPI closes slightly higher at 5,584.87…KOSDAQ 'up' around 3% Jin Young-gi, Hankyung.com reporter young71@hankyung.com

The Bank of Korea (BOK) voiced concerns that the recent rise in international oil prices stemming from developments in the Middle East could push up this month’s inflation rate. It said the key to containing inflation will be whether prices of agricu

KRW/USD exchange rate in the 1,470 won range After opening down more than 1%, the KOSPI has pared intraday losses and is fluctuating in a narrow range. In the KOSDAQ market, a buy-side circuit breaker (temporary suspension of program sell quotes) was

The KOSDAQ index surged, triggering a buy-sidecar (temporary suspension of the effectiveness of program sell quotes) for a second consecutive day. The Korea Exchange said in a filing that a buy-sidecar was triggered in the KOSDAQ market at 9:11 a.m.

All three major U.S. stock indexes fell in lockstep as concerns grew over an escalation of the war involving Iran. Crude prices also surged. On the 5th (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average plunged 784.

"Fully in favor of the Kurds’ ‘attack on Iran’" US President Donald Trump on the 5th (local time) argued that he should be involved in shaping the succession to Iran’s Supreme Leader Ayatollah Seyyed Ali Khamenei, who was killed in US-Israeli airstri

◆ Middle East tensions persist; oil prices spike…Wall Street falls again As instability in the Middle East spread and global oil prices rose, all three major U.S. stock indexes in New York fell on the 5th (local time). In the New York stock market th

Cabinet meeting reviews Middle East situation… orders review of “price cap for oil” ‘Price cap’ revived for the first time in 50 years Up 200 won in a day even though it’s not a crisis Considering caps by region and fuel type Intensive crackdown on h

Stocks notch a historic rebound… the ‘two top chipmakers’ jump more than 10% Brokerage shares surge as trading value spikes Hopes for government measures to support KOSDAQ Secondary batteries, biotech and robotics stocks also rally Brokerage circles:

NPC opens…first acknowledgment of entering a ‘medium-speed growth’ phase Xi, ahead of a fourth term, puts emphasis on fundamentals Iran war adds uncertainty to energy supply Growth target lowered for the first time in four years Issuance of 276 trill

After plunging more than 19% over the past two sessions, the KOSPI index staged a sharp rebound on the 5th, recouping roughly half of its losses at a stroke. According to the Korea Exchange on the 5th, the KOSPI rose 490.36 points (9.63%) from the pr

As volatility in international oil prices has increased and domestic gasoline and diesel prices have surged, Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol (pictured) strongly criticized the practice, saying, "Profiteering th