Korea Economic Daily

Andy Jassy, CEO of Amazon, said President Donald Trump’s sweeping tariff policy is gradually beginning to be reflected in the prices of some goods. In an interview with CNBC at the World Economic Forum (WEF) in Davos, Switzerland, on the 20th (local

As Trump’s push to bring the Fed under his control grows Some expect Powell to stay on as a governor to defend the Fed’s independence Wall Street sees Fed governors’ resistance rising as Trump’s pressure intensifies In the United States, attention is

Concerns intensified on the 21st over whether the KOSPI can hit “5,000p (KOSPI index 5,000).” After the index turned lower for the first time in 13 sessions the previous day, Wall Street tumbled overnight on the fallout from the so-called “Greenland

All three major U.S. stock indexes in New York closed lower. As tensions between the United States and the European Union (EU) over Greenland, a Danish territory, escalated, investor sentiment froze. Prices for gold, a safe-haven asset, surged. On th

Private credit coming due in large volumes this year has emerged as a potential flashpoint for global financial markets. Analysts say the $3 trillion shadow-banking system is being put to the test over whether it can function properly in a ‘new norma

◆Wall Street slides on 'Greenland dispute' Major Wall Street indexes fell sharply across the board amid the Greenland dispute. In early trading today at the New York Stock Exchange, the Dow Jones Industrial Average dropped 1.76% from the previous ses

The U.S. Supreme Court has yet to issue a ruling on the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) as the legal basis for reciprocal tariffs and fentanyl-related tariffs—signature economic policies of Donald

Gold prices surged past $4,700 an ounce, setting a fresh record high, as the Greenland crisis stoked fears of a potential trade war between the US and Europe. Silver also moved above its record high. As of 3:14 p.m. Singapore time on the 20th (local

The Democratic Party of Korea has decided, as its party line, not to include equity ownership regulations on crypto asset exchanges in its own Framework Act on Digital Assets, which also covers the introduction of won-denominated stablecoins. The par

US takes over Davos…Trump: “We will discuss Greenland” The Donald Trump administration attended the World Economic Forum (Davos Forum·WEF), which opened on the 19th (local time) in Davos, Switzerland, together with White House cabinet members, unders

A study has found that Americans have shouldered most of the costs stemming from the reciprocal tariffs the United States imposed on countries around the world, leaving the U.S. facing a “backlash.” The findings run counter to U.S. President Donald T

"Tariffs if Greenland isn’t sold"—Trump pressure Gold and silver hit record highs Over the next 3 months, gold and silver prices Seen topping $5,000 and $100 per ounce, respectively After U.S. President Donald Trump signaled the possibility of imposi

Park Su-rim, Hankyung.com reporter paksr365@hankyung.com

Leveraged silver surges in the 40% range in a week Silver tops $90 an ounce for the first time on record Driven by expected U.S. rate cuts and geopolitical jitters Supply tightness and rising industrial demand also underpin gains Some see silver reac

On whether he would use force to secure Greenland: "No comment" U.S. President Donald Trump said on the 19th (local time) that he will "100% implement" a plan to impose tariffs on some European countries unless there is an agreement for the United St

Denmark’s defence minister, Greenland’s foreign minister meet NATO chief, EU foreign policy head “Add ‘substantial’ combat forces for military drills” Urges NATO to “launch a ‘surveillance operation’” Denmark is reportedly planning to deploy addition

◆ Trump’s 'Greenland tariff' card rattles markets Reuters reported on the 19th (local time) that concerns are emerging in financial markets about a possible “Sell America” wave (selling US assets) after US President Donald Trump signaled “Greenland t

It has been reported that U.S. President Donald Trump sent a letter to Norway’s prime minister linking his failure to win the Nobel Peace Prize to a rationale for taking control of Greenland. According to Bloomberg and other outlets on the 19th, Pres

When borrowing dollars in the FX funding market Add-on spread falls to 'near zero' But dollars are scarce in the spot FX market Bank of Korea: "Not an FX crisis, but a supply-demand imbalance" The add-on spread that must be paid to borrow dollars in

At press conference: “Lower house to be dissolved on the 23rd” Japanese Prime Minister Sanae Takaichi on the 19th officially announced a snap general election. The strategy is to go back to the polls while cabinet approval ratings are at their peak t

Japanese Prime Minister Sanae Takaichi said on the 19th that she will dissolve the House of Representatives (lower house) on the 23rd. At a press conference held that day at the Prime Minister’s Office, Takaichi officially expressed her intention to

Heard on Wall Street (5) Ira Kalish, Deloitte economist Tariff-driven rise in imported intermediate-goods prices Deteriorating cost structure across manufacturing US population decline due to immigration policy The labor supply itself will shrink A w

The Bank of Korea (BOK) recently assessed that a “poverty amid plenty” phenomenon is emerging in the foreign-exchange market. While dollars are awash in the foreign-currency funding market where dollars are lent, the spot FX market—where dollars are

The KOSPI index on the 19th rose above the 4,900 level for the first time ever during intraday trading. As of 1:56 p.m. on the 19th, the KOSPI was trading at 4,903.3, up 62.56 points (1.29%) from the previous session. After opening lower, the index e

China’s economy posted 5% growth last year. While growth in the fourth quarter slowed to 4.5%, the country met the Chinese government’s full-year target. Gross domestic product (GDP) in the fourth quarter of last year, released by China’s National Bu

Iranian President Masoud Pezeshkian said on the 19th (local time) on social media (SNS) that "an attack on our country’s Supreme Leader is tantamount to all-out war against the Iranian state." He wrote, "If the lives of our beloved Iranian people are

US Treasury Secretary Scott Bessent said, in connection with the controversy stemming from the United States’ attempt to annex Greenland, that “we will not outsource the security of the United States and the Western Hemisphere to other countries.” In

Danish Prime Minister Mette Frederiksen said Europe would not yield to intimidation after U.S. President Donald Trump signaled he would impose tariffs on major European countries opposing a U.S. annexation of Greenland, a Danish territory. In a state

Eight European countries: “Solidarity with Greenland…tariff threats weaken transatlantic ties” As U.S. President Donald Trump moves to impose tariffs on European countries in an effort to annex Greenland, the European Union (EU) is considering activa

U.S. President Donald Trump made clear his intention to take Greenland and warned he would impose tariffs on eight European countries that sent troops to Greenland. He threatened to keep levying tariffs until the United States fully takes Greenland.