Korea Economic Daily

Bank of Korea likely to prolong rate freeze On the 11th, when the Korea-U.S. interest rate gap narrowed due to the U.S. central bank (Fed)'s policy rate cut, the won-dollar exchange rate actually rose. Although the upward pressure on the exchange rat

AI cloud company Oracle has once again become the center of the 'AI bubble' controversy. Despite quarterly results that improved from last year, analysts said the company did not show profit growth fast enough to alleviate concerns over its massive i

Bloomberg "Confirms SpaceX is pursuing an IPO" Considering a mid-to-late next year listing schedule Musk effectively admits via social media Could surpass Saudi Aramco's record SpaceX, the space company led by Elon Musk, is formally pursuing an initi

U.S. benchmark rate cut of 0.25% point… Exchange rate opens lower The KOSPI index opened higher in early trading on the 11th, the final futures and options expiration day of the year, as investors were stimulated by news of a U.S. benchmark rate cut.

IBK Investment & Securities presented an expected KOSPI band of 3500~4700 for 2026. The previous upper bound was 4000 points, but it raised the upper bound considering the semiconductor boom and earnings improvements. It forecast that if the won·doll

On the 11th, the KOSPI index is expected to show an upward trend thanks to the tailwind from the Federal Open Market Committee (FOMC) meeting in the United States. The U.S. central bank (Fed) held an overnight FOMC meeting and lowered the policy rate

U.S. President Donald Trump openly expressed blunt criticism of the U.S. central bank (Fed)'s rate cut. President Trump claimed the size of the cut "should have been at least twice as large" and launched a fierce attack on Fed Chair Jerome Powell. Pr

BNP Paribas holds investment outlook meeting in New York on the 10th "Power and equipment bottlenecks act as a buffer against AI overheating" "AI companies are investing with their own cash, not debt" "Internet, cloud and other AI infrastructure are

U.S. stocks rallied broadly on the Fed's interest rate cut and Fed Chair Jerome Powell's dovish remarks favoring easier monetary policy. On the 10th (local time) at the New York Stock Exchange, the Dow Jones Industrial Average closed at 48,057.75, up

◆ Fed cuts policy rate by 0.25 percentage point… Outlook for cuts next year 'uncertain' The U.S. central bank (Fed) on the 10th (local time) cut the policy rate by 0.25 percentage point, citing factors such as a slowdown in employment. The Fed said a

Exchange-rate 'fear' hits companies… Wall Street sits on a pile of cash Recently, the cost that companies must pay to avoid exchange-rate fluctuation risk—currency hedge costs—has been rising. This invisible cost, called the 'volatility tax', is anal

Said at a press conference immediately after the December FOMC GDP growth forecast increase is "thanks to consumption and AI investment" "Close call" internal disagreement in decision to cut rates Jerome Powell, chair of the U.S. central bank (Fed),

Powell: "Tariffs are a one-off price shock Stay vigilant to achieve the 2% target" Resuming short-term Treasury purchases to respond to 'reserve balance reductions' $40 billion supplied in the first month The U.S. central bank (the Fed) on the 10th (

Mexico's lower house passed a bill to increase and impose tariff rates on imports from countries that have not concluded free trade agreements (FTAs), such as China and South Korea. On the 10th (local time), Mexico's lower house announced via officia

Commodity Focus Supply Shortage·Surging Investor Demand The international silver price has exceeded US$60 per troy ounce for the first time. On the 9th (local time), Bloomberg News reported that the silver price hit an all-time high of US$61.47 per t

Fox News Digital, citing a State Department official, reported on the 9th (local time) that the Donald Trump administration has canceled a record-high 85,000 visas as it tightens entry screenings and immigration enforcement. According to Fox News, ab

KOSDAQ 'up' "Waiting game prolonged ahead of December FOMC" The KOSPI closed lower. The decline was not large. It appears a wait-and-see sentiment entered the market ahead of the December Federal Open Market Committee (FOMC). On the 10th, the KOSPI c

International silver prices have surpassed $60 per ounce for the first time in history. According to Bloomberg News, as of 3:55 p.m. on the 9th (local time), silver was up 4.5% at $60.77 per ounce. The rise in silver prices is attributed to expectati

Approval of NVIDIA H200 exports to China H200 demand in China expected to concentrate next year Chinese companies diversify 'AI infrastructure' Dependence on foreign products lowered, so demand may be limited Concerns expressed over U.S. 'technology

With the Fed's final rate decision of 2025 looming, market caution is high. On the day before, the 9th (local time), financial markets were broadly mixed. Wall Street's baseline scenario anticipates that the Fed will cut rates again this time followi

The KOSPI index is expected to show a 'cautious market' as it watches the U.S. Federal Open Market Committee (FOMC) meeting on the 10th. The market, having already priced in a rate cut, is focusing on next year's interest rate path. The FOMC will rel

Company valuation estimated at about $1.5 trillion Space-related stocks rose en masse on IPO news EchoStar, which agreed to sell frequency licenses to SpaceX, up 12%↑ Elon Musk's space company SpaceX is pushing for an IPO in 2026 and aims to raise we

FOMC 9~10 held…0.25% point cut expected "Jerome Powell, Fed Chair's remarks are important" The three major New York stock indices closed mixed. This is interpreted as heightened caution ahead of the US Federal Open Market Committee (FOMC). On the 9th

The era of 'tax rate shopping' that global companies have enjoyed for the past 30 years is coming to an end. This is because countries around the world are gradually adopting the 'global minimum corporate tax' led by the Organisation for Economic Co-

◆New York stocks mixed ahead of rate decision The three major U.S. stock indices showed mixed results ahead of the Federal Open Market Committee (FOMC)'s interest rate decision. In early trading at the New York Stock Exchange, the Dow Jones Industria

Dresser stood out in global sales strategy at Salesforce Interpreted as a move to retain enterprise customers OpenAI has hired Slack chief executive officer Dennis Dresser as chief revenue officer (CRO) to accelerate its push into the enterprise arti

Trump allows Nvidia high-performance chip 'H200' exports to China "Increase China's dependence on the US" Regulation judged to instead spur Red Tech growth Purpose is to provide AI chips to delay China's self-reliance Analysis: "The ultimate winner i