Korea Economic Daily

"Some uncertainty remains Further declines need to be monitored" The dollar-won exchange rate fell into the 1,420-won range for the first time in seven trading days. This was due to the Korea-U.S. trade agreement being concluded in a way that reduces

Go Jeong-sam Hankyung.com reporter jsk@hankyung.com

Powell, press conference immediately after the FOMC on the 30th "The labor market is clearly cooling" "Both labor supply and demand are slowing" Jerome Powell, Chair of the U.S. Federal Reserve (Fed), said on the 29th (local time) in opening remarks

Fed expected to cut by 0.25%p Microsoft, Alphabet and Meta to report earnings after market close With the Federal Reserve Board's rate meeting approaching and a tech rally resuming, New York stocks opened on the 28th (local time) at a record high, ma

"US trade measures deliver a direct blow to major industries" The Bank of Canada on the 29th (local time) cut its benchmark interest rate by 0.25% percentage points from 2.50% to 2.25%. The move was taken in consideration of an economic slowdown caus

A summit between U.S. President Donald Trump and Chinese President Xi Jinping will be held at 11 a.m. Korea time on the 30th. On the 29th (local time), the White House included this U.S.-China summit schedule in President Trump's itinerary that it re

Korea–U.S. tariff talks concluded…agreed on details of trade negotiations $200 billion in cash, the remaining $150 billion to be投入 into 'Masuga' The won–dollar exchange rate plunged in after-hours trading on the 29th as news of the Korea–U.S. tariff

$500 billion AI chip deal and hopes for a China market recovery Nvidia is on the verge of surpassing a market capitalization of $5 trillion (7,132 trillion won) for the first time in history. On the 28th, U.S. local time, Nvidia unveiled a $500 billi

U.S. President Donald Trump said on the 29th that "we have reached an agreement and have nearly concluded trade negotiations" with South Korea. AFP, Reuters and others reported that President Trump, who is visiting Korea, made the remark at a 'leader

Korea-U.S. tariff negotiations concluded…may apply as early as November Hyundai Motor·Kia, Q3 loss of 2.5 trillion won If a 15% tariff rate like Japan·EU is applied Annual cost reduction of about 3 trillion won expected Hyundai Motor: "We will pursue

Indicated continued engagement in future North Korea relations President Lee: "The mere request for a meeting is a seed of peace" A planned surprise meeting between U.S. President Donald Trump and North Korean State Affairs Commission Chairman Kim Jo

Preventing transformation into speculative assets Measures needed to block illegal transactions Kim Young-han, Professor of Economics, Sungkyunkwan University Last July, U.S. President Donald Trump signed a bill to legalize stablecoins. As a result,

Tariffs on semiconductors and pharmaceuticals next year 100% 'Most-Favored-Nation' not even documented U.S. may raise reciprocal tariff to 25% With South Korea and the United States failing to finalize tariff talks on the sidelines of the APEC leader

Growing expectations of a settlement Trump: "Will reach an agreement soon during the tour" Expresses optimistic outlook amid opaque negotiations Lee: "Support for U.S. investment and the revival of manufacturing" Until a deal is reached, cars must pa

J.P. Morgan "KOSPI Could Reach 6000" "If a correction comes, treat it as a buying opportunity" KOSPI up 70P to 4081, another record Global investment bank J.P. Morgan has forecast that the KOSPI index "could reach the 6000 level within a year." This

South Korea–U.S. presidents, special speeches at CEO Summit Trump mentioned shipbuilding six times in his speech "The U.S. used to build one ship a day Will revive shipbuilding together with Korea" President Lee: "In the era of putting one's country

Using 'delays in returning hostages and bodies' as pretext Orders the military to attack... 26 killed Trump says "The truce is still in effect" Israel resumed military operations in the Gaza Strip, citing Hamas's violation of the truce agreement. The

Emphasized at U.S.-Japan finance ministers' talks "Now is the time to respond to inflation" U.S. Treasury Secretary Scott Bessent pointed to the weak yen and effectively urged Japanese authorities to raise their benchmark interest rate. According to

As the Bank of Korea's possibility of a policy rate cut weakened, government bond yields rose across the board (bond prices fell). The 3-year yield climbed to levels seen around last November's Monetary Policy Committee, marking the highest in 11 mon

Donald Trump, President of the United States, said on the 30th that he may lower the "fentanyl tariff" applied to China ahead of a summit with Chinese President Xi Jinping scheduled to be held in Busan. He offered a tariff cut as a "carrot" to win co