Korea Economic Daily

Nominated as next prime minister on the 21st When Sanae Takaichi, party leader of Japan's Liberal Democratic Party (LDP), who supports fiscal expansion policies, became certain to assume the next prime minister post by forming a coalition with the se

October U.S. stock net-buying trend Retail investors who sought big tech turn to crypto and AI stocks 'Virtual asset' Iren $300 million purchase As Oracle and Broadcom share prices fell "Buy-the-dip opportunity" concentrated buying as well Until earl

28 cases sent to the prosecution over 8 years Mostly tax evasion and money laundering Urgent need to establish a monitoring system for foreigners Over the past eight years, the scale of foreign nationals' virtual asset 'underground remittance' crimes

The Bank of Korea emphasized caution yesterday in its briefing to the National Assembly's Planning and Finance Committee regarding the introduction of a won-denominated stablecoin. It urged minimizing the extensive impacts and potential risks that co

KOSPI has broken through 3,800. It has been only two trading days since it broke through the 3,700 level. While foreigners were selling spot and futures, institutions and individuals pushed the index up. As of 11:46 a.m. on the 20th, KOSPI was tradin

China, 'de facto benchmark rate' LPR held unchanged again… 1-year 3.0%·5-year 3.5% Yu Ji-hee, Hankyung.com reporter keephee@hankyung.com

The Bank of Korea said it expects a significant shock to the Korean economy due to the impact of U.S. tariff policies. Although reciprocal tariffs are currently suspended, it analyzed that product-specific tariffs on steel, automobiles, and machinery

The Bank of Korea proposed a 'bank-led consortium' as the issuer of a won stablecoin. The reason given was that policy review related to existing regulations such as foreign exchange controls and the separation of banking and commerce is necessary. T

Wall Street investors flock to 'Polymarket IPO' bets NYSE parent ICE invests $2 billion Polymarket valued at $9 billion Trading also begins on private share platforms "I think I could get about 70% returns." "The parent company of the New York Stock

Seo Jong-gun, Director of Busan Technology Startup Investment Foundation Money is disappearing. Phones instead of wallets, numbers instead of banknotes, apps instead of counters fill our daily lives. The pace of change is breathless, but the essence

Foreign media "U.S. government discussing a meeting" Possibility of a meeting raised in the context of APEC U.S. security team did not visit Panmunjom Considering Trump's impromptu diplomacy Cannot rule out a sudden meeting U.S. President Donald Trum

"Corporate issuance of currency is inappropriate" Japan to allow banks to hold cryptocurrencies Alibaba, JD.com and other major Chinese big tech firms have halted plans to issue stablecoins. The Chinese government put the brakes on them, saying it is

Opposition parties fail to reach agreement, prime minister nominated on the 21st Japan Innovation Party to join coalition in a form of outside-cabinet cooperation Sanae Takaichi, president of the Liberal Democratic Party, is expected to become Japan'

Tesla, Netflix earnings due China to release industrial production, retail sales and more The New York market is eyeing third-quarter earnings from U.S. companies, which begin in earnest this week (20~24), and the release of the September U.S. Consum

Russia is intensifying attacks on Ukraine, including a drone training facility of Ukraine's Defense Intelligence (HUR). On the 18th (local time), according to TASS and other foreign media, the Russian Ministry of Defense said it attacked the HUR dron

Besent "Had a frank conversation, in-person talks next week" China "Constructive exchanges on important economic and trade issues" Amid escalating U.S.-China tensions over China's tightened controls on rare earth exports and the U.S.'s announcement o

Japan's three mega-banks, Mitsubishi UFJ Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation, are reportedly set to jointly issue a stablecoin pegged to a fiat currency. On the 18th, Japan's Nikkei and major media reported that the banks are d

Political Bureau Member, Reuters Interview Hamas Maintains Control of the Gaza Strip During Transition Palestinian militant group Hamas, having agreed to the first phase of the Gaza peace plan proposed by U.S. President Donald Trump, stated that it i

U.S. indicts Prince Group chairman Chen Z on fraud charges Affiliate bank faces bank run Chairman Chen Z of Prince Group, who is known to have amassed enormous wealth by operating large-scale fraud complexes in Cambodia, is reported to have gone miss

Car parts tariff relief policy extended from 2 years to 5 years Relief rates also improved U.S. President Donald Trump has officially ordered that a 25% tariff be imposed on medium- and heavy-duty trucks imported into the United States starting next

The three major U.S. stock indexes in New York closed higher, after U.S. President Donald Trump repeatedly said he would hold a summit with Chinese President Xi Jinping as scheduled. On the 17th (U.S. Eastern Time) at the New York Stock Exchange (NYS

"China would not want a 157% tariff" Mentioning South Korea and others, "seeking fair treatment" U.S. President Donald Trump on the 17th (local time) referred to U.S.-China trade talks, saying, "China would not want about a 157% tariff." President Tr

Fox interview amid speculation about an APEC visit to Korea "On good terms with Xi… Things will go well with China" Trump "Will meet Xi Jinping within 2 weeks… 100% tariffs on China are not sustainable"Donald Trump, U.S. President (photo), said that

U.S. President Donald Trump said he will soon meet Chinese President Xi Jinping. On the 17th (local time), according to Reuters and others, President Trump said in a Fox Business interview published that day regarding whether a U.S.-China summit woul

Financial stocks broadly shocked… Citi 3.5%↓ Worsening investor sentiment… High-valuation stocks plunge Watchful for whether the bad-loan impact will spread across the board Concerns over bad loans at US regional banks emerged, shocking European mark

Gold price surpasses $4,300 per troy ounce U.S. Treasury yields in the 3% annual range Concerns about distress in the U.S. private credit market have increased, sending the 10-year U.S. Treasury yield down to the 3% annual range. Gold prices surpasse

"Second SVB fear" sweeps Wall Street…growing concerns over private credit defaults Jefferies had extended financing to an auto parts firm Bankruptcy causes losses…stock plunges 25% Shares of Jefferies, a leading Wall Street investment bank, have fall