Korea Economic Daily

As gold prices surge, a wall of money is pouring into exchange-traded funds (ETFs) that invest in gold. Analysts say large-scale inflows via ETFs are underpinning the rally in gold prices. According to ETF.com on the 26th, 'ACE KRX Physical Gold' rec

The National Tax Service (NTS) will focus all its efforts this year on managing tax revenue budgets exceeding 380 trillion won. It will launch a delinquency management task force to intensively oversee tax evasion and will respond strictly to offshor

Yen-dollar rate back in the ¥154 range for first time in about a month Japan finance vice minister: "Will respond appropriately in cooperation with the U.S." The yen’s gains extended on the 26th as speculation spread that U.S. and Japanese authoritie

Buying poured into the KOSDAQ market early on the 26th, pushing the KOSDAQ index above the 1,000-point mark for the first time in four years since 2022. The sharp rally also triggered a buy-side sidecar (temporary suspension of program buy orders). A

Silver also recently tops $100 International gold prices have surpassed $5,000 per ounce for the first time ever. Reuters reported that, as of 8:04 a.m. Korea time on the 26th (11:04 p.m. GMT on the 25th), the international spot gold price rose 0.75%

[Breaking] KOSPI climbs above the 5,000 mark in early trade [Breaking] KOSDAQ breaks above 1,000 points for the first time in four years… opens at 1,003.9 [Breaking] Won-dollar exchange rate opens at 1,446.1 won, down 19.7 won Noh Jeong-dong, Hankyun

Speculation is swirling that a so-called “Mar-a-Lago Accord” aimed at supporting not only the Japanese yen but also the South Korean won in global FX markets has actually been activated, Reuters reported on the 25th (local time). The analysis is that

Last year’s average monthly real effective exchange rate at 90.29 Third-lowest since the FX and financial crises Growth-potential and rate gap with the U.S. persists Pace of decline in the won’s nominal value accelerates With the won-dollar exchange

Two countries seen intervening against yen weakness Bank of Japan and Federal Reserve Bank of New York As signs of yen market intervention emerge Yen-dollar posts biggest drop in six months Won-dollar rate also turns lower In New York non-deliverable

Government presses companies to sell dollars Balances at top five banks down 3.8% in a month Gold-banking balances top 2 trillion won U.S. dollar deposit balances at major commercial banks have turned to a decline for the first time in three months.

Secures 10% stake in USA Rare Earth “Strengthen national security and industrial competitiveness” The US government will invest $1.6bn (about KRW 2.3tn) in a rare-earths company to bolster the critical minerals supply chain. With strategic competitio

Trump moves to check an anti-US alignment Pressures Canada’s growing closeness with China with the tariff card Trump mocks “Governor Carney’s mistake” Warns against China’s indirect exports via Canada Carney: “We must secure strategic autonomy” Opens

This week, the won–dollar exchange rate is likely to track moves in the yen closely. After the yen–dollar pair plunged on signs of coordinated intervention by the Japanese and U.S. governments, the won–dollar rate also fell sharply over the weekend.

This week, the U.S. New York stock market (26–30) is expected to focus on the outcome of the Federal Open Market Committee (FOMC) meeting of the U.S. central bank (Fed) to be held on the 28th (local time), whether a nominee for the next Fed chair wil

Buying shares such as KEPCO and LG Chem Foreign investors’ shareholding ratio in the main KOSPI market has risen to the highest level in 5 years and 9 months, data showed. The increase reflects foreigners’ heavy buying, following large-cap semiconduc

Naaja Nathanielsen, Greenland’s minister for Business, Minerals, Energy, Justice and Gender Equality, said Greenland “will not accept a situation where future development of our minerals sector is decided outside Greenland,” as U.S. President Donald

Russia attacked Ukraine on the 24th (local time) while holding a third round of talks with the United States and Ukraine in Abu Dhabi, United Arab Emirates (UAE). According to Reuters and other outlets, Russia’s drone and missile strikes early that m

Ukraine and Russia on the 23rd (local time) launched face-to-face trilateral ceasefire talks in Abu Dhabi, United Arab Emirates (UAE), mediated by the United States, but the first day ended without progress as they failed to narrow differences over t

Rising safe-haven demand With investment demand for safe assets remaining strong, international silver prices climbed above $100 an ounce intraday for the first time on record. Gold also pushed its peak higher to a record $4,979. According to Reuters

Wall Street’s three major stock indexes ended the session mixed with no clear direction. Analysts said the market has entered a pause as profit-taking emerged after two days of gains. On the 23rd (local time), at the New York Stock Exchange (NYSE), t

Director-level appointments at the Ministry of Finance and Economy Lee Hyung-ryeol named new Director-General for International Finance Major reshuffle in the international finance line signaled The Director-General for International Finance at the M

Kakao Pay heads straight to the daily limit-up "Rising expectations for legislation on digital assets" Pay soared to the daily limit-up in the stock market on the 23rd on expectations that legislation for stablecoins will be put in place. On the day,

KOSDAQ up 2.4% to close at 993 Institutions post record net buying of KRW 1 trillion Expectations build for government policy support The KOSDAQ market, which had lagged somewhat compared with the KOSPI—whose intraday level topped 5,000 this year—is

Hanwha Investment & Securities has decided not to sell its stake in Dunamu held through Naver. As a comprehensive share swap between Naver Financial and Dunamu was being pursued, the possibility of a stake sale had been raised, but Hanwha Investment

Easing trade tensions spur foreign and institutional buying KOSDAQ biotech shares ‘on fire’ The KOSPI rebounded above the 5,000 level intraday for the first time in a day as U.S.-Europe trade tensions eased amid a softening of controversy over Greenl

Crypto infrastructure company BitGo got off to a solid start on its first day of trading on the New York Stock Exchange (NYSE), opening 25% above its IPO price. On the 22nd (local time), BitGo began trading at $22.43, up 25% from its IPO price of $18

This is the result of a survey of 75 economists who were asked to rank Korea’s five risk factors in order. Concerns were raised that volatility in the foreign-exchange market is likely to increase. Experts pointed out that “FX authorities need to com

US President Donald Trump warned that a major US military force is moving toward Iran, where bloodshed has been triggered by anti-government protests. Speaking to reporters aboard Air Force One on the way back to the United States from Switzerland on

Major Wall Street indexes extended a relief rally as concerns over U.S.-Europe tariffs eased amid a de-escalation in tensions over Greenland’s annexation. On the 22nd (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Avera