The Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
All Articles 6,011
President Lee Jae-myung on the 22nd (local time) in New York, U.S., met with Larry Fink, chairman of the world's largest asset manager BlackRock, and agreed to cooperate on building domestic artificial intelligence (AI) data centers as well as renewa
Bostic: "Inflation concerns remain... cautious on additional cuts in October" "Labor market is not in crisis"... forecasts core inflation 3.1%, unemployment rate 4.5% Impact of immigration restrictions begins to show... "Labor supply constraints will
Oracle and Apple Rise Together…Tech Stocks Drive Gains Expectations for Gains Through Year-End Despite Federal Government Shutdown Concerns The New York stock market's S&P 500 index on the 22nd (local time) once again hit a record high, powered by st
Myron: "Excessive tightening threatens employment" "Immigration, tariff and deregulation easing are disinflationary factors" claims Steven Myron, a close associate of U.S. President Donald Trump and a newly appointed U.S. Federal Reserve (Fed) board
Tesla and Apple rose more than 4% and 2% respectively after target price upgrades The U.S. stock market, which had reached record highs through last week, was trading flat amid caution on the 22nd (local time). At 10:10 a.m. Eastern Standard Time, th
Harry Jung, White House Deputy Director for Digital Assets "Pushing for swift passage of the market structure bill" Harry Jung, deputy director of the White House Digital Asset Policy Advisory Committee, said on the 22nd, "Stablecoin regulation is an
Semiconductor stocks such as Samsung Electronics, TSMC, and Tokyo Electron all rise President Donald Trump’s weekend announcement of new regulatory measures on H-1B visas led to declines in India and Hong Kong markets on the 22nd (local time), while
WLFI targeting South Korea USD1, market cap US$3 billion in six months "South Korea, with its developed digital culture and gaming industry is the optimal place for stablecoin experiments Building models such as game reward payments" Different regula
When foreigners sell dollars to buy Korean stocks Generally, the exchange rate goes down 'Concerns over foreign exchange outflows' from US-bound investment funds As 'Seohak gaemi' increase, dollar demand surges This month foreign investors have aggre
Unlike stocks, there are no transaction·capital gains taxes Solutions should be sought considering fairness and tax revenue Park Jun-dong, Editorial Writer Among the '2025 tax reform measures' announced last July, the measure that faced relatively le
Mention of U.S.-North Korea talks at the Supreme People's Assembly "If they give up demands for denuclearization, there's no reason we can't meet" Possible meeting linked to Trump's visit to Korea To South Korea: "We won't engage…why unify?" Presiden
Liberal Democratic Party leadership election starts Takaichi leads in national opinion polls Koizumi leads in intra-party support "If Takaichi is elected, stock prices will rise If Koizumi is elected, the yen's value is expected to rise" The ruling L
An analysis found that the depth of South Korea's financial and foreign exchange markets is among the world's lowest. It was identified as one of the countries where the exchange rate and interest rate spread rise the most when a global shock occurs.
Last week the won-dollar exchange rate closed at 1397 won, up 9 won 20 jeon in night trading on the 20th. The factor that pushed the exchange rate, which had been falling earlier last week, back up was attributed to a stronger dollar amid concerns ab
17% lower than January 11, 2021 Not overvalued yet from foreign investors' perspective The KOSPI index has reached an all-time high, but when converted into U.S. dollars it is still understood to be about 17% lower than the record high. This can be i
This week, the New York stock market is expected to pay attention to inflation data and public remarks by officials of the U.S. central bank (Fed). The Fed, at the regular Federal Open Market Committee (FOMC) meeting on the 17th–18th, cut the benchma
House plan and Democratic plan both rejected… Countdown to shutdown on November 1 Congress enters a one-week recess… Republicans cancel votes scheduled for the 29th–30th The possibility of a U.S. federal government shutdown has increased as a tempora
TikTok sale agreement was decisive in arranging the summit China reaffirmed legal authority over TikTok's core technology Tariffs, fentanyl, the Ukraine war... remaining contentious issues U.S. President Donald Trump and Chinese President Xi Jinping
TikTok agreement played a major role in making the talks happen Key issues such as tariffs and export controls remain areas of disagreement U.S. President Donald Trump and Chinese President Xi Jinping will visit South Korea simultaneously for the fir
Target: Four people including standing members of the Financial Services Commission Economic and financial authorities begin full-scale replacement of senior officials Following the Ministry of Economy and Finance, it has been confirmed that the Fina
Targets: major and habitual local tax delinquents Plan to sell after seizing cryptocurrencies Cheongju, North Chungcheong Province, has taken action against major and habitual local tax delinquents. On the 20th, Cheongju City announced it will forcib
U.S. President Donald Trump said he and Chinese President Xi Jinping have agreed to meet at the Asia-Pacific Economic Cooperation (APEC) summit, which will be held in Gyeongju at the end of next month. President Trump wrote on Truth Social after spea
New Fed board member Myron appears on CNBC "Inflation shows no trend difference compared to other countries" Steven Myron, considered a close associate of U.S. President Donald Trump and the new member of the U.S. central bank (Fed), argued that "he
U.S. President Donald Trump said on the 19th (local time) that he had agreed to meet Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit to be held in Korea at the end of next month. President Trump said on the SNS Tru
Dow, S&P 500, Nasdaq all rose…Apple and Tesla led gains Russell 2000 turned lower…7-week winning streak maintained Expert: "PER 22x…a correction could be a healthy development" The three major U.S. stock indexes closed higher. The move came as the U.
Securities lending balance at highest this year Securities lending balance 104.9 trillion won Increased by 40 trillion won in about six months High ranking in net short-selling holdings ratio Hanmi Semiconductor·L&F stock prices surge Short sellers,
Yang Jong-hee, chairman of KB Financial Group, will meet Bo Haines, chief executive officer (CEO) of Tether USAT, to discuss cooperation related to stablecoins. Tether USAT is the U.S.-focused subsidiary of Tether (USDT), the world's No. 1 stablecoin
It was reported that President Lee Jae-myung will not hold talks with the US and Chinese leaders during his visit to New York, United States, to attend the 80th UN General Assembly high-level segment from 22~26. Wi Seong-rak, Director of the National
Stablecoin-related stocks continued to show intraday strength in the market on the 19th. As of 1:50 p.m. that day in the KOSDAQ market, stablecoin-related issues were uniformly higher. Danal is soaring 21.27% compared to the previous trading day. Ban