Korea Economic Daily

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.

Tariffs raise input costs, orders fall, staff cutbacks Economists: "Inflation expected to persist into early next year" "U.S. manufacturing recovery unlikely due to structural problems such as labor shortages" The tariffs that began as a move to revi

Export permits issued to three major rare earth companies "Valid for one year as a complement to the existing licensing system" China has issued rare earth export permits for the first time since the trade agreement with the United States. This is th

With momentum building to draft a bill to introduce a won-denominated stablecoin pegged 1 to 1 to the won, the core regulation and issuer qualification requirement known as the 'bank stake 51% rule' has been found to conflict with the current Banking

Masayoshi Son, chairman of Japan's SoftBank Group "Asking if it's an AI bubble is foolish" Sold NVIDIA to invest in OpenAI Additional investment of $22.5 billion this month "Japan is too slow, wake up" Masayoshi Son, chairman of Japan's SoftBank Grou

On the first trading day of December, major New York stock indices closed lower. The Bank of Japan (BOJ) signaled a rate increase, and concerns about liquidation of yen carry trades weighed on the stock market, while the People's Bank of China (PBOC)

◆New York markets fall across the board on speculation of a Bank of Japan rate hike… Dow 0.9%↓ The three major New York indices fell together. On the 1st local time, the Dow Jones index closed at 47,289.33, down 0.9% from the previous session; the S&

Howard Lutnick, U.S. Commerce Secretary, said on the 1st (local time) that, under the trade agreement between Korea and the United States, tariffs on Korean-made automobiles will be retroactively reduced to 15% from last month. In a statement posted

Japanese government bond yields rise to highest level in 17 years BOJ Governor Kazuo Ueda: "We will weigh the pros and cons of a hike and make an appropriate judgment" Probability of a December cut in the swap market jumps from 30% to 80% Kazuo Ueda,

US·Ukraine senior-level talks Donald Trump, the U.S. President, said on the 30th (local time) in Florida, immediately after U.S.-Ukraine talks, "(I think) there is a possibility (of reaching a settlement to end the Ukraine war)." According to the Whi

The Democratic Party of Korea and the government said they will push to legislate the 'Basic Digital Assets Act' to allow won-denominated stablecoins to be issued by a consortium in which commercial banks hold 51% equity. Kang Jun-hyeon, the ruling p

Bank of Korea 'Trends in Foreign Currency Securities Investment' announcement Institutions also increased overseas investment by US$24.7 billion As the exchange rate rose sharply, the outstanding balance of domestic institutional investors' overseas

On the 1st, the won-dollar exchange rate opened slightly lower. It appears to reflect increased concern about possible intervention by authorities following news that talks had begun on extending the National Pension Service's foreign exchange swap a

Woori Bank on the 1st forecast that the won·dollar exchange rate would trade in the 1460~1470 won range. This view is based on expectations that buying pressure in New York tech stocks will flow in, improving foreign investors' sentiment toward won-d

U.S. President Donald Trump said on the 30th (local time) in Florida, immediately after consultations between the United States and Ukraine, that "I think there is a good possibility (that a ceasefire agreement will be reached)." According to AP and

High-level U.S. and Ukrainian officials resumed talks on a plan to end the war in Ukraine on the 30th (local time) in Hallandale Beach, Florida, a week after they last met. U.S. attendees included Secretary of State Marco Rubio, Steve Witkoff, Donald

National Pension Service, sharp increase in overseas stock investment amounts So far this year, the National Pension Service has been investing in overseas stocks more aggressively than individual investors. Attention is drawn because the expansion o

Balances at five major banks increase 21% in one month The corporate dollar deposit balances of the five major commercial banks — KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NongHyup Bank — were recorded as having increased by more than

Year-end consumption expectations rise with Black Friday and Cyber Monday AI bubble debate could instead create bargain-buying flows This week (1-5) is expected to see year-end consumption expectations, which began with Black Friday, supporting the N

International Monetary Fund (IMF) report Dollar-converted gross domestic product (GDP) is expected to contract this year. This is the result of the won·dollar exchange rate soaring. On the 30th, according to the International Monetary Fund (IMF), the

On Shlomo Kapran Street in Tel Aviv, the capital of Israel, is the headquarters of Check Point, the world's largest cyber security company. It was founded in 1993, foreseeing the importance of cyber security at a time when people barely connected to

Recent analysis suggests China-originated deflationary exports have peaked. This is because the Chinese government is curbing wasteful excessive competition among domestic companies. Some analysts say that if oversupplied low-priced Chinese goods dec

The Chicago Mercantile Exchange (CME) Group's trading platform was paralyzed, exposing some exchange-traded funds (ETFs) traded domestically to 'dark trading.' With futures price calculation halted, investors traded ETFs without being able to know ac

Altcoins surge 126% after hack The paradox of Upbit 'deposit and withdrawal suspension' Coin transfers blocked, profits from arbitrage impossible Price spikes do not get resolved even if sudden Orca trading volume, up 100,000,000 in one day Upbit poc

Data center cooling problem blamed Concerns of volatility explosion when trading resumes The trading platform of CME Group, the operator of the world's largest derivatives exchange, was paralyzed on the 28th, completely halting trading in stock index