Korea Economic Daily

Nearly 230 billion won invested in gold ETFs Gold prices repeatedly hitting record highs Domestic investors are increasing investments in gold-related products. As gold prices jumped amid the possibility of additional rate cuts by the U.S. central ba

The International Monetary Fund (IMF) has slightly revised up its growth forecast for South Korea for this year. On the 24th, according to the Ministry of Economy and Finance, the IMF Korea mission raised South Korea's growth forecast for this year b

AI rally worries, Nvidia-OpenAI circular investment controversy New York market turns lower on sharp tech stock sell-off Investor sentiment weakens amid fears of a federal government shutdown Jerome Powell, chair of the U.S. Federal Reserve (Fed), sa

Minseung Kim's ₿Official Why are we still stuck in the ICO era? At some point, the crypto market clearly split into two. 'Major coins' like Bitcoin and Ethereum and new narratives not well captured by the establishment diverged in popularity and liqu

The KOSPI is trading slightly lower in early trading. It rose at the open and even tested the 3,500 level, but soon lost momentum. The move appears to be a knock-on effect from the overnight U.S. session, where Jerome Powell, chair of the U.S. Federa

◆ New York stock market falls…Powell "Stock prices are fairly highly valued" The three major New York indices fell together on the 23rd local time. Market sentiment weakened after NVIDIA, the largest by market capitalization, said it would make a lar

Recently, demand for so-called "zero-day options (0DTE)" financial products has surged, mainly in the United States. 0DTE are ultra-short-term derivatives with less than 24 hours to expiration. They are hailed as an innovative product that supplies m

Sharp drops in Nvidia and Oracle amid concerns over investment structure and energy supply Powell: "Stock prices are fairly highly valued"…path to rate cuts uncertain Investors on alert for PCE data and shutdown possibility The S&P500's recent consec

For US$350 billion investment in the U.S. Likely to explain the need for a Korea-U.S. currency swap It was reported that Koo Yoon-chul, Deputy Prime Minister and Minister of Economy and Finance, will meet U.S. Treasury Secretary Scott Bessent in Manh

'The Return of American Power' speech "While I ended 7 wars, what did the UN do, I should get the Nobel Prize" Anti-immigration emphasis "If you enter illegally, you will go to prison" "Climate change is the greatest hoax on earth" Did not mention No

AI·renewable energy infrastructure cooperation Larry Fink, who has long emphasized ESG investing Shared understanding with a government working on eco-friendliness Both sides discuss establishing a data center in Korea President Lee Jae-myung met wit

At an event in Rhode Island on the 23rd However, "financial stability risk is not high" Current interest rate level is "modestly restrictive" Leaves room for additional cuts Jerome Powell, chair of the U.S. central bank (Federal Reserve), said on the

Gold tops 3780 dollars per ounce, setting new highs for consecutive days The New York market again challenged record highs on the 23rd (local time) without any particular positive news. The S&P500, which hit a new high of 6,699 points in early tradin

Approximately 1,674 trillion won in trade surplus as of August Exports to regions excluding the United States also rose 10% Some regions, including Mexico, increased import tariffs on Chinese goods China, facing U.S. tariff pressure, reduced exports

Antitrust concerns as leading companies in the AI market form a partnership The partnership between NVIDIA and OpenAI is drawing attention as a collaboration between two of the leading companies in the global artificial intelligence (AI) competition.

Germany's services boom offset France's slump Eurozone private-sector economic activity expanded in September at the fastest pace in about 16 months. Germany's services sector performed strongly, offsetting France's slump. On the 23rd (local time), S

The Organisation for Economic Co-operation and Development (OECD) raised its global economic growth outlook while keeping South Korea's growth rate unchanged at the same 1.0%. South Korea's growth rate was lower than those of major advanced economies

Suspension directive over concerns of speculative overheating Chinese authorities have put the brakes on the spreading real-asset tokenization business in Hong Kong. Analysts say the move aims to slow the pace amid concerns over capital outflows and

M7, average price-to-earnings ratio 30x Close to twice the S&P500 10-year average Some argue "AI is improving earnings" As the U.S. New York stock market repeatedly hits record highs, concerns about a bubble in the large tech stocks leading the rally

Yen value hits new low against the Swiss franc Also approaching record lows against the euro Stable only against the dollar amid expectations of U.S. rate cuts Shows yen carry trade trends Remittances from foreign banks' Japan branches to their home

Hwang Geon-il, Monetary Policy Board member "One rate cut this year…whether it will be October is uncertain" Hwang Geon-il, a Monetary Policy Board member who participates in decisions on the base interest rate, said at a rate decision that "he is fo

Domestic cryptocurrency exchange Bithumb is partnering with World Liberty Financial (WLFI), a virtual asset financial firm founded by U.S. President Donald Trump's family. Bithumb announced on the 23rd that it had signed a strategic business agreemen

The three major U.S. stock indices surged and closed at record highs. ignited the AI theme after announcing a large investment in OpenAI, and led tech stock buying as the iPhone 17 received favorable reviews. On the 22nd (local time) at the New York