[Book Sip] High Inflation, High Interest Rates, High Exchange Rates... 2023 Future Map

Some sentences encapsulate the entire content of the book itself, while others instantly resonate with the reader's heart, creating a connection with the book. We present meaningful sentences excerpted from the book. - Editor's note

This is an economic outlook book aiming to be a navigator of wealth that will drive the future. It introduces the key sectors that will lead South Korea's economic growth, why they will grow, and which companies will be the main players. From selecting growth sectors to future market size, growth rationale, business structure, value chain, related domestic and global companies, as well as relevant ETFs, everything is comprehensively covered. It analyzes 14 fields and 25 thematic stocks, updating the new year investment trends following the previous volume. Through 500 analytical charts and 200 company analyses, the future investment map can be seen at a glance. Additionally, it includes a list of new listings and earnings forecasts, as well as 10 stocks that are undervalued or have growth potential among those that have experienced excessive price drops.

After COVID-19 in 2020, major countries including the United States aggressively injected money to defend against economic downturns but failed to quickly withdraw the loosened funds, ultimately causing a high inflation situation. As the U.S. aggressively raised benchmark interest rates, creating a butterfly effect impacting the world, consumers began to close their wallets to reduce spending. This led to a downturn in industries primarily using semiconductors, resulting in decreased demand and price drops for DRAM and NAND flash. When inflation in developed countries stabilizes around 2% to 3% and consumer sentiment indicators show improvement, semiconductor purchasing companies are expected to attempt inventory replenishment, leading to an industry recovery. - From "CHAPTER 1. Semiconductors"

In the early stages of the electric vehicle (EV) industry, major advanced countries including South Korea provided massive subsidies to rapidly form the EV ecosystem and induce initial growth. Over time, improvements in EV and battery performance, expansion of charging infrastructure, and reductions in manufacturing costs are expected to converge, leading to explosive growth in the global EV market around 2023 to 2025. Tesla, the market leader in EVs, struggled with losses in the early industry phase but has recently entered a phase of generating substantial profits, which is highly significant. Since EV market penetration rates remain around 8% in the U.S. and about 20% in China and Europe, the EV market growth is still in its early stages. It is expected to experience steep growth until reaching penetration rates of 40% to 55% in key economic regions by 2030. - From "CHAPTER 3. Electric Vehicles"

Considering that the global EV market was actively adopted between 2018 and 2020, a massive supply of used batteries is expected to begin from 2025 and accelerate from 2030. If the EV market continues to grow until 2050, the used battery market is expected to sustain growth even longer. The battery recycling market is just beginning to blossom. - From "CHAPTER 3. Battery Recycling"

2023 Future Map | Written by Lee Sang-woo | Yeouido Bookstore | 576 pages | 32,000 KRW

This content was produced with the assistance of AI translation services.