Korea Economic Daily

Sharply reduced metaverse market ETFs and platforms exiting one after another Once-leading stocks down 94% 'Self-proclaimed No.1' Meta also "cut next year's budget by 30%" At one time it rode a global craze and drew massive amounts of capital. Invest

US-Ukraine negotiating teams held talks for two days starting on the 4th Representatives of the United States and Ukraine, who are discussing an end to the Russia-Ukraine war and the establishment of a post-war security architecture, sat across the n

Gemini 3.0, Supreme in Multimodal... AI Infrastructure Competition Enters a New Phase U.S. Mobilizes Power, Data, and Supercomputers to Secure AGI Lead... RWA and Stablecoins Also Key Park Moon-hwan, director at Hana Securities (Wownet partner), anal

Holdings of US$1 billion or more, 287 more this year Largest increase due to AI-driven stock market boom As global stock markets continued to rally, an analysis found that the number of billionaires worldwide increased by nearly 300 compared to the p

Since taking office in June, President Lee Jae-myung met BlackRock Chairman Larry Fink, OpenAI CEO Sam Altman, and NVIDIA CEO Jensen Huang, and on the 5th he met Masayoshi Son, chairman of SoftBank Group. He is expanding contacts with major global AI

Only 8% Korean ownership… U.S. small- and mid-cap stocks whose fate is tied to Korean retail investors Korean retail investors investing in U.S. stocks have emerged as 'major players' in U.S. small- and mid-cap stocks. Following quantum computers and

The three major U.S. stock indexes in New York showed mixed moves. The ranges of fluctuation were not large. Caution appeared to be growing ahead of next week’s Federal Open Market Committee (FOMC) meeting. On the 4th (local time) at the New York Sto

Strategic shift from the metaverse to AI glasses and wearables $70 billion cumulative deficit…increasing pressure from investors and regulators Predictions that "Meta will focus on AI instead of the metaverse" continue Meta is reportedly undertaking

◆ New York stock market, taking a breather while searching for direction…closes mixed The three major U.S. stock indices closed mixed after trading near the flat line. On the 4th local time, the Dow closed at 47,850.94, down 31.96 points (0.07%) from

Morgan Stanley "14% higher" BoA "has reached liquidity limits" Wall Street is seeing divergent forecasts for next year's U.S. stock market. Deutsche Bank, Morgan Stanley and others said the S&P500 index could rise more than 10% by the end of next yea

Investment flocked in on expectations of activation measures Surpassed 400 trillion won 4 years and 10 months ago The KOSDAQ market's market capitalization intraday on the 4th surpassed 500 trillion won for the first time. Analysts say the market gre

Industry Raises AI Bubble Concerns UK Pension Funds Sell US Stocks US artificial intelligence (AI) technology companies are making large-scale investments one after another, and concerns about an 'AI bubble' have not subsided. AI chatbot developer An

Even if the Supreme Court rules reciprocal tariffs illegal Tariffs can continue to be imposed under other statutory provisions U.S. Treasury Secretary Scott Bessent emphasized on the 3rd (local time) that the current tariff structure can be maintaine

Major indices on the New York market closed higher. Expectations for a U.S. policy rate cut increased after private employment data fell well short of forecasts. However, a report that Microsoft (MS) lowered its AI sales targets dented investor senti

◆Heavy snow centered on the metropolitan area and Gangwon…'Cold wave advisory' as morning temperatures fall to -5 degrees Thursday the 4th will see heavy snow mainly in the metropolitan area and Gangwon inland and mountain areas from the afternoon, a

The U.S. government has officially posted a measure to lower the tariff rate applied to South Korea's automobile exports to the U.S. from the current 25% to 15%. The U.S. Trade Representative (USTR) and the Department of Commerce's International Trad

10-year yield stabilizes in the low 4% range Hardline dove as the next Fed chair Markets expect yields to fall further Earlier this year the U.S. 10-year Treasury yield, which had approached an annual 5%, has recently fallen to around an annual 4%. T

Expecting both currency gains and yields RISE U.S. 30-Year Treasury Yen-Exposed, etc. Related products rose more than 4% over 3 months BOJ signals a policy rate hike Earn currency gains as the yen strengthens Bond returns on rise amid expectations of

OECD, lowers estimates with each release Lower than the U.S., whose economic size is 13 times larger  "Due to aging and delayed structural reforms" Government struggles to achieve a 'rebound next year' South Korea's potential growth rate for next yea

USCIS "Citizenship is a privilege, only the best will receive it" Green card and naturalization interviews repeatedly canceled The administration of U.S. President Donald Trump has reportedly suspended the processing of various immigration applicatio

Lee "It's not an overall high-price situation, but perceived prices are high" "Closely monitoring the situation and preparing necessary measures" President Lee Jae-myung said on the 3rd that the recent rise in prices is partly due to the rapid recove

On October 30, Web3 infrastructure companies IQ and FRAX collaborated to launch the won stablecoin 'KRWQ'. Currently, the KRWQ-USDC trading pair is actively operating on Aerodrome, a decentralized exchange (DEX) built on Coinbase's Layer 2 network, B

Overnight U.S. stocks all rose, and domestic markets are also expected to rise. The probability of a rate cut by the U.S. central bank (Fed) this month increased, spreading a risk-on sentiment toward risk assets. Bitcoin prices also rose nearly 5%, p

The three major New York stock indexes closed higher as risk-on investor sentiment recovered, helped by a rebound in Bitcoin. On the 2nd (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 47,474.46, up 185.