Korea Joongang Daily
Korea JoongAng Daily

DP calls to raise corporate tax for the wealthy, presidential office stays cautious

The Democratic Party ramped up calls to roll back corporate tax cuts for the wealthy, sharpening its stance after finance minister nominee Koo Yun-cheol said he would “actively consider” restoring the corporate tax rate in his confirmation hearing.

2025-07-18

Kospi slides 0.13% as investors wait for tariff policy, Q2 earnings reports

The Kospi fell 4.22 points, or 0.13 percent, to close at 3,188.07 as investors sit in a holding pattern over U.S. tariffs and second quarter earnings results from major companies.

2025-07-18

Sluggish legislation hinders Korea's entry into stablecoin market

While the United States and Europe charge full speed into the stablecoin era, Korea is caught flat-footed — with lawmakers stalled, regulators silent and corporate giants circling a trillion-won prize they’re not yet allowed to touch.

2025-07-18

Kospi opens higher on U.S. gains

Shares opened higher Friday, tracking gains on Wall Street following the release of strong economic data despite lingering concerns over tariffs. The benchmark Kospi rose 4.54 points, or 0.14 percent, to 3,196.83 in the first 15 minutes of trading.

2025-07-18

Seoul shares end higher on auto, shipbuilding gains

Shares closed higher Thursday, supported by advances in auto and shipbuilding stocks, despite lingering investor concerns over U.S. tariff policies. The won fell against the dollar.

2025-07-17

Kospi opens lower amid U.S. tariff concerns

Seoul shares opened lower Thursday, bucking overnight gains on Wall Street as investors remain concerned over U.S. President Donald Trump's latest tariff threats.

2025-07-17

Seoul shares end lower as Fed rate-cut hopes wane

Seoul shares closed lower Wednesday as weaker-than-expected U.S. inflation data prompted investors to trim their bets on the Federal Reserve's rate cuts. The won fell against the dollar.

2025-07-16

BOK chief reiterates need for central bank's enhanced role

Korea should enhance its legal and institutional framework in a manner that strengthens the Bank of Korea's (BOK) role in macroprudential policy decisions, the central bank chief said on Wednesday.

2025-07-16

Kospi opens lower amid tame inflation data in U.S.

Shares opened lower Wednesday after weaker-than-expected inflation data in the United States.

2025-07-16

Citigroup considers issuing its own stablecoin, CEO says

Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank's CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday.

2025-07-16