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The European Central Bank raised its three key interest rates by 25 basis points, citing inflation concerns stemming from the war in the Middle East. Following a monetary policy meeting in Frankfurt, the ECB said on June 11 it would lift the deposit
Mortgage Loan Growth Slows, but Unsecured Lending Jumps Household Loans Increase by More Than 9 Trillion Won in May South Korean banks are set to tighten overdraft and other unsecured credit-line limits for high-income borrowers as early as this mont
Iran and the US are intensifying efforts to reach a memorandum of understanding aimed at ending the war, Reuters reported on June 11. Iranian sources told Reuters the two sides have reached a political understanding, though some issues still require
President Donald Trump vowed to bring down prices, but Americans now rate his handling of living costs worse than they rated former President Joe Biden’s at the end of his term. Surging oil prices and renewed inflation pressure tied to the Iran war h
Xcure, a smart-card developer, said on June 11 that it is accelerating its quantum-security-based digital-asset infrastructure business as the global stablecoin market expands. The company is paying close attention to a recent announcement by World L
Choi Su-jin, Hankyung.com reporter naive@hankyung.com
Fox News interview: 'Today's strikes will stop soon' Trump says he spoke with Iranian officials; Tehran denies it President Donald Trump said on June 10 that the U.S. struck targets near Tehran and elsewhere in Iran with 49 Tomahawk missiles. Fox New
Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com
The Kospi fell more than 4% in early trading on June 11, slipping below 7,400 on so-called quadruple witching day, when stock index and single-stock futures and options expire at the same time. Volatility surged as worries over an escalating Middle E
Ko Jeong-sam, Hankyung.com reporter, jsk@hankyung.com
Choi Su-jin, Hankyung.com reporter naive@hankyung.com
Choi Su-jin, Hankyung.com reporter naive@hankyung.com
Su-jin Choi, Hankyung.com reporter, naive@hankyung.com
Oil rises about 2% Chip stocks including Nvidia slide The three main U.S. stock indexes closed lower on June 10 as military tensions between the U.S. and Iran flared again. The Dow Jones Industrial Average fell 953.33 points, or 1.87%, to 49,918.78 o
Big Tech Builds Massive War Chests Wall Street Warns Capital Is Piling In Too Heavily Global technology companies are pulling in capital from around the world like a black hole. They are tapping share sales, corporate bond markets, initial public off
Choi Su-jin, Hankyung.com reporter naive@hankyung.com
He disclosed the timeline in a message to employees OpenAI is expected to go public within the next year rather than this year, according to a message Chief Executive Officer Sam Altman sent to employees. The Information reported on June 10 that Altm
Choi Su-jin, Hankyung.com reporter naive@hankyung.com
US Launches Retaliatory Strikes After Apache Helicopter Is Downed Iran Fires Missiles at US Bases Across the Middle East The US and Iran exchanged attacks after a US military Apache helicopter was shot down while patrolling near the Strait of Hormuz.
South Korea’s stock market is enduring its most violent swings since the 2008 global financial crisis. Brokerages still see room for further gains in the second half, citing improving earnings in artificial intelligence and semiconductors and ample l
Shareholders are preparing legal action over bonus agreements at Samsung Electronics Co. and SK Hynix Inc. A retail investor group said it plans to file a lawsuit seeking a court declaration that the companies’ operating-profit-linked stock bonus agr
Kospi Fell Below 8,000, but Debt-Funded Stock Bets Increased Overdraft Loans and Margin Debt Up 1.7 Trillion Won in Five Trading Days Investors Seem to Be Betting on a Short-Term Rebound in a Volatile Market Overdraft loans at South Korean banks rose
South Korea’s presidential office said on June 10 it would not be swayed by market swings after the Kospi slid nearly 5%. In a notice to the media, the Blue House said it would focus on establishing a fair market order and fundamentally improving the
Pushes Deeper Into Digital Health Adds $175 Million Investment in Element Takes More Than 20% Stake to Become Largest Shareholder Seeks Core Precision-Medicine Technologies Aims to Strengthen Health Services on Wearables Samsung Electronics has becom
Chey Taewon speaks after Nikkei forum in Japan ‘If Korea doesn’t work, it could be overseas’ SK Group Chairman Chey Taewon said the company is weighing both domestic and overseas sites for its next semiconductor plant. His remarks suggest SK is accel
Big Tech’s all-out push to raise cash is set to fuel a boom in AI infrastructure industries ranging from semiconductors to power. Global investment banks say wafer fab equipment, or WFE, stands to be the biggest beneficiary. Global Investment Banks T
Companies Turn to Bonds, IPOs and Share Sales to Raise Cash About $3 Trillion of AI Investment Needed by 2028 Roughly $1 Trillion Must Be Raised Each Year As the race to build artificial-intelligence infrastructure intensifies, Wall Street is mobiliz
Iran said Gulf states have a legal and moral duty to prevent the US and Israel from using their territory or facilities to plan, organize or carry out hostile acts against Tehran, after the latest exchange of attacks with Washington. Iran's Foreign M
From jumbo IPOs and stock sales to private credit Wall Street warns over AI concentration US big tech bond issuance hits $159 billion this year Already above last year’s full-year total SpaceX, Anthropic and OpenAI listing value nears $200 billion Ra
Lee Su, Hankyung.com reporter, 2su@hankyung.com