Daedo Kim

2 weeks ago | news.bloombergtax.com | Daedo Kim |Sangmi Cha

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2 weeks ago | bloomberg.com | Daedo Kim |Sangmi Cha

A statue of a bull outside the Korea Exchange (KRX) in Seoul. Photographer: SeongJoon Cho/Bloomberg(Bloomberg) -- South Korea’s presidential election last week has sparked the biggest equity surge in more than four years. Options traders are betting there’s more to come. As the Kospi 200 Index rallied 8.4% in the past six days, the cost of hedging against declines has tumbled.

2 weeks ago | bloomberg.com | Daedo Kim |Jaehyun Eom

South Korea’s National Pension Service has ended a five-month strategy of selling dollars in a bid to support the won. Photographer: SeongJoon Cho/Bloomberg(Bloomberg) -- South Korea’s National Pension Service has ended a five-month strategy of selling dollars in a bid to support the won, according to people familiar with the matter.

1 month ago | detroitnews.com | Daedo Kim |Jaehyun Eom

BUSINESSDaedo Kim and Jaehyun EomBloombergView Comments The dollar erased this week’s gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US. The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.

1 month ago | bloomberg.com | Daedo Kim |Jaehyun Eom

A US 100 dollar banknote and South Korean 10,000 won banknotes. (Bloomberg) -- The dollar fell in late Asia trading on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US. The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.