Korea Economic Daily

Kim Yong-beom, policy chief of the Presidential Office, on the 6th rebutted concerns that the up to 20 billion dollars per year in U.S.-bound investment agreed in the tariff negotiations could adversely affect the foreign exchange market, saying, "It

A striking forecast from the securities industry said the KOSPI index could reach as high as 7,500 next year. It also judged that concerns about an artificial intelligence (AI) industry bubble raised by some in the market are premature. KB Securities

Last night, the New York stock market shook off concerns of an artificial intelligence (AI) bubble and managed to rebound. In particular, Micron, the third-largest memory semiconductor maker after Samsung Electronics and SK hynix, surged sharply, rai

OpenAI CFO "IPO is not on the cards right now" "If we only adjust the pace of investment, profitability is achievable immediately" OpenAI said it has no plans to pursue an initial public offering (IPO) in the short term. Sarah Friar, OpenAI's chief f

Major indices in New York rebounded. After a sharp decline on the 4th when concerns about a bubble in artificial intelligence (AI) investment were highlighted, bargain buying flowed in. However, selling pressure returned late in the session and erase

◆The National Assembly's Steering Committee, today's 'Kim Hyun-ji audit without Kim Hyun-ji'…ruling and opposition clash expected The National Assembly's Steering Committee will conduct a parliamentary audit on the 6th targeting the Presidential Offi

People accused of manipulating virtual asset prices and making profits by mobilizing tens of billions of won have been reported to the prosecution. The Financial Services Commission said on the 5th that at its 19th regular meeting it approved a motio

Bitcoin breaks below $100,000 for the first time in four months Risk-off sentiment grows, causing simultaneous declines Concerns that the artificial intelligence (AI) industry is overvalued have amplified risk-off sentiment, leading to avoidance of r

DEEP INSIGHT Korea's total debt growth rate Fastest among advanced countries Largest increase in debt among OECD countries The 'quality of debt' has also deteriorated sharply Debt blind spots are also at dangerous levels The combined total debt of ou

The won·dollar exchange rate spiked to 1450 won intraday on the 5th. It was the highest level in 7 months. The rise is interpreted as the won coming under downward pressure after foreign investors sold large volumes of domestic stocks. On the day in

The Financial Services Commission has reported suspects who allegedly used large sums of money to artificially raise coin prices or used automated trading programs (API) to inflate trading volume to investigative agencies. On the 5th, the Financial S

Invest in crypto with knowledge! This article appeared in The Korea Economic Daily's cryptocurrency investment newsletter 'Koala'. Subscribe to Koala, published every Wednesday morning! 1. Person A purchased a specific coin in advance with tens of bi

As Korean individual investors' overseas stock investments and companies' direct investments have increased, Korea's net foreign assets have exceeded half of gross domestic product (GDP). While there are claims that capital outflows are pushing up th

The U.S. federal government shutdown (temporary halt of operations) is expected to set a new record as the longest (36 days) on the 5th (local time). On the 4th, the 14th vote on the Republican temporary budget bill took place in the U.S. Senate, but

U.S. President Donald Trump will implement a plan to lower the so-called 'fentanyl tariff' on Chinese-made products from the previous 20% to 10%, effective from the 10th. According to an executive order released by the White House on the 4th (local t

Iren that signed a 10 trillion-won contract with MS Stock price up 1178% since April this year May announcement switching to 'neo-cloud' was the catalyst Still 95% of revenue is from Bitcoin mining "Need 35 billion dollars for cloud transition" conce

U.S. job openings at lowest level since February 2021 Wage growth slowed from 3.4% in January to 2.5% in August U.S. job openings fell to their lowest level since February 2021. Analysts say the prolonged federal government shutdown is clearly coolin

Last month, foreign exchange reserves were recorded at US$428.82 billion. Driven by increased investment income, they have risen for five consecutive months. The Bank of Korea said on the 5th that as of the end of October, South Korea's foreign excha

◆ New York stock market: major indices fell amid concerns over AI tech stock overvaluation…Nasdaq down 2% The three major New York stock indexes all fell on the 4th local time. The decline came as concerns grew over overvaluation centered on artifici

New York stocks fell on the 4th (local time) as concerns over overvaluation centered on artificial intelligence (AI)-related sectors emerged. On the day, the Dow Jones Industrial Average closed at 47,085.24, down 251.44 points (-0.53%) from the previ

Tracking behind-the-scenes movements in preparation for a meeting "Kim Jong Un, no major health abnormalities" The National Intelligence Service (NIS) said at the parliamentary inspection on the 4th that "the period after the South Korea–U.S. joint e

The National Intelligence Service said that a North Korea-U.S. summit meeting in connection with the Gyeongju Asia-Pacific Economic Cooperation (APEC) summit failed to materialize, but that indications were confirmed that North Korean State Affairs C

'South Korea, Japan and Taiwan' markets that had staged record rallies all fell US dollar futures fell amid unclear prospects for rate cuts and weak manufacturing data Investors in Asian stock markets, which had staged record rallies on hopes of ease

3-year annual 2.729% 'near peak' Weight toward holding rates steady amid real estate market instability '728 trillion won super budget' also burdens the market Won-dollar exchange rate highest in 2 weeks This month, the likelihood of the Bank of Kore

Forecasts from different institutions also vary Beware of international prices and the divergence rate Also check which price benchmark is being followed International gold prices have been repeating sharp rises and falls. As expectations of negotiat