[3-Minute Brief] If You Frequently Visited the Hospital... Claim 1.18 Million Won Back

[3-Minute Brief Summarized in 3 Seconds]
New York Stock Market Falls Ahead of FOMC
10 Trillion Won in Dormant Tax Points, How to Use Them
These Days, European Thieves Target Olive Oil

Two-line News

■ If You Visited the Hospital Frequently Last Year, Be Sure to Claim '1.18 Million KRW'
○ If medical expenses exceed the out-of-pocket maximum, the government reimburses the excess amount
○ 610,000 people eligible for payment have not applied, totaling about 720 billion KRW

[Photo by Yonhap News]

☞Read more: https://m.asiae.co.kr/article/2023091915230939583

■ Cautious Ahead of US FOMC... KOSPI and KOSDAQ Both Close Lower
○ On the 19th, amid large-scale institutional selling, markets declined for two consecutive days awaiting the US Federal Open Market Committee (FOMC) meeting
○ Similar to the previous day’s US stock market, lack of clear direction weakened semiconductor stock investor sentiment
☞Read more: https://m.asiae.co.kr/article/2023091915510728154

■ European Thieves Raiding Supermarkets Now Target This First... 'Olive Oil'
○ Due to droughts in major producing countries like Spain, olive oil prices have reached an all-time high
○ Locally called 'liquid gold,' theft crimes in supermarkets are rampant
☞Read more: https://m.asiae.co.kr/article/2023091917000127340

■ Sleeping Tax Points Total a Whopping 9.5 Trillion KRW... How to Use Them
○ Usage rate of tax points given to diligent taxpayers remains in the 0% range
○ First, check your tax points on Hometax... can be used at Incheon Airport Business Center and others
☞Read more: https://m.asiae.co.kr/article/2023091919363506898

■ Yeouido Hotel Room at 6 Million KRW per Night Ahead of Fireworks Festival... 'Price Gouging' Controversy
○ The World Fireworks Festival on the 7th of next month sparks controversy over high hotel prices, with calls for "administrative sanctions"
○ A suite room on the 16th floor of one hotel is priced up to 6 million KRW
☞Read more: https://m.asiae.co.kr/article/2023091723043766179

MARKET INDEX

○ New York stock market falls ahead of FOMC meeting results... Dow closes down 0.3%
○ Market watches the upcoming September FOMC results and rising oil prices
○ Global attention on whether there will be an additional interest rate hike... market leans toward a hold

Today's Report Card: Choices of the Top 5% Investment Experts

Graphic News: KOSDAQ's Upset... Surpasses KOSPI

○ This year, KOSDAQ’s average daily trading value is 10.816 trillion KRW, surpassing KOSPI’s 10.032 trillion KRW
○ The frenzy over themes like secondary batteries and robots attracted many individual investors with high turnover rates
○ While individual investors account for about half of KOSPI trading volume, they make up 80-90% in KOSDAQ

Terms in the News: 'Foreign Exchange Stabilization Fund' Becomes Savior of Historic Tax Revenue Shortfall

○ The government plans to use the 'Foreign Exchange Stabilization Fund' to cover this year's tax revenue shortfall of 59 trillion KRW
○ The fund was established to stabilize the won’s value and prevent foreign exchange market turmoil caused by speculative foreign currency inflows and outflows

Photo by Kang Jin-hyung

☞Read more: https://m.asiae.co.kr/article/2023091814572338200

Attention! Today's Schedule

○ Overseas Trends
- Early morning on the 21st (Korean time) US FOMC meeting
- 10:15 People's Bank of China announces 1-year and 5-year Loan Prime Rates (LPR)
- 15:00 UK Consumer Price Index (August)
- 20:00 US Mortgage Bankers Association 30-year mortgage rates and mortgage applications

◎ One-line comment: China's 1-year LPR acts as a de facto benchmark interest rate... market expects a hold

◇ Lunch & Commute Weather

○ Lowest temperature 22℃ (▲2℃) ｜ Highest temperature: 23℃ (▼4℃)
○ Precipitation probability: 80% in the morning｜60% in the afternoon
○ Fine dust: Moderate in the morning｜Good in the afternoon

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