Korea Economic Daily

Choi Su-jin, Hankyung.com reporter naive@hankyung.com

One-third of KOSPI turnover concentrated in semiconductor stocks "Uncertainty in the stock market could increase going forward" With the KOSPI on a relentless rally last month—breaking above the 6,000 mark for the first time ever—average daily turnov

70% of South Korea’s crude oil, 30% of natural gas supplied from the Middle East "Potential for a sharp spike in global oil prices" As the Strait of Hormuz crisis has become a reality amid large-scale joint airstrikes by the United States and Israel

Reports said Iran’s Islamic Revolutionary Guard Corps (IRGC) fired ballistic missiles on the afternoon of the 1st (local time) at a U.S. aircraft carrier operating in the Gulf of Oman in the Middle East. According to Iran’s state-run IRNA news agency

Apology over theft of 4 million coins seized by the National Tax Service Confusion over stolen coins’ value…7 billion won vs a few million won 84% of supply concentrated in two wallets…‘distorted price discovery’ A mass sell-off would inevitably trig

[U.S. strike on Iran] The decision by U.S. President Donald Trump to suddenly join Israel in attacking Iran is being described as the "biggest foreign-policy gamble of the Trump 2.0 administration" (Reuters). A combination of objectives appears to ha

Raises 159 trillion won from Amazon and others Nvidia, SoftBank join the round Biggest ever…rewrites startup history Altman: “Secured a very long runway” Worries over a “bottomless money pit” persist OpenAI, under pressure, cooperates with the Pentag

Deputy Prime Minister for Economic Affairs Koo Yun-cheol, who also serves as Minister of Finance and Economy, said on the 1st in relation to U.S. and Israeli airstrikes on Iran that "there is a need to respond swiftly to volatility in global energy p

The Bank of Korea last month put this year’s economic growth forecast at 2.0% and its consumer inflation forecast at 2.2%. Those projections were based on an assumption that international oil prices would average $64 a barrel. But with Middle East ri

[Breaking] Iran names Mokhber, a 'Khamenei confidant,' as interim supreme leader Kim Soo-young, Hankyung.com reporter swimmingk@hankyung.com

[Breaking] Iran's Islamic Revolutionary Guard Corps vows "decisive punishment" over Khamenei's death Kim Soo-young, Hankyung.com reporter swimmingk@hankyung.com

[Breaking News] Iran's state broadcaster confirms 'Khamenei dead' Kim Soo-young, Hankyung.com reporter swimmingk@hankyung.com

South Korea’s exports in February rose 29%, buoyed by a semiconductor supercycle. The Ministry of Trade, Industry and Energy on March 1 released February trade figures. Exports totaled $67.45 billion, up 29% from a year earlier. Despite having three

Broader operational scope and scale than the June strike on nuclear facilities last year U.S. targets Iran’s supreme leader Outcome of the attacks still uncertain The Donald Trump administration in the United States, which has demanded that Iran aban

[Breaking] "Iran strikes US military bases in Qatar, Kuwait, the UAE and Bahrain" Park Subin, Hankyung.com reporter waterbean@hankyung.com

[Breaking] Iran: "U.S.-Israeli attacks violate international law…an act of aggression" Park Subin, Hankyung.com reporter waterbean@hankyung.com

[Breaking] "U.S. striking Iran from sea and air" [Reuters] Park Subin, Hankyung.com reporter waterbean@hankyung.com

[Breaking] "Strike hits near Iranian supreme leader’s office" [AP] Park Subin, Hankyung.com reporter waterbean@hankyung.com

China will implement its Foreign Trade Law, fully revised for the first time in more than two decades, from the first day of next month. According to Chinese business outlets including Yicai on the 28th, the revised Foreign Trade Law, passed by the S

Police have launched an investigation into a case in which the National Tax Service (NTS) had coins seized and stolen. On the 28th, the National Police Agency’s Cyber Terror Response Division said it had received a request for investigation from the

Elon Musk’s aerospace company SpaceX is expected to file confidential draft registration documents with the U.S. Securities and Exchange Commission (SEC) as early as next month. Bloomberg reported this on the 27th (local time), citing sources. SpaceX

U.S. President Donald Trump described Cuba as a “failed state” and raised the possibility of an “amicable takeover.” Speaking to reporters at the White House on the 27th (local time), Trump said, “The Cuban government is talking to us,” adding, “Mayb

U.S. stocks in New York closed lower on the 27th (local time). With concerns lingering over an AI-driven shock to employment, risk-off sentiment strengthened as U.K.-linked credit risks resurfaced and inflation data added to the burden. At the New Yo

U.S. President Donald Trump on the 27th (local time) ordered all federal agencies to stop using technology from Anthropic, the developer of the AI “Claude.” The move comes as the Pentagon has signaled it wants to broadly expand the scope of military

[Breaking] Reuters: “U.S. approves departure of some staff from U.S. Embassy in Israel” Lee Bo-bae, Korea Economic Daily online contributing reporter newsinfo@hankyung.com

Signals tougher tax burden on ‘one premium home’ after heavier taxation on multi-homeowners New York’s effective rate at around 1–2% Tokyo levies fixed-asset tax on construction cost Korea: around 0.1% based on officially assessed land prices New Jer

Meta, which has joined the race to develop superintelligence that surpasses humans, has signed a deal to bring in artificial intelligence (AI) chips from Google, following agreements with Nvidia and AMD. The Information, a U.S. IT-focused outlet, rep

The Federal Reserve (Fed), the U.S. central bank, is pursuing legal action in response to a U.S. Department of Justice investigation involving Chair Jerome Powell. According to The Wall Street Journal (WSJ) on the 26th (local time), the Fed, through

After the U.S. stock market fell overnight, led by weakness in tech shares, a chill also swept through the local market. Still, the KOSPI reversed course during the session to set a new all-time high. Foreign investors are net sellers of more than KR

Morgan Stanley said on the 27th that it is raising its year-end target for the KOSPI index to 6,500. This comes just a month after it lifted the target to 5,200 on the 29th of last month. In a report released the same day, Morgan Stanley said that “t