"Korea is Finished"... Japan's 'Peak Korea' Theory [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Red Light for Kakao Investor Fund Recovery
② SME Loans Exceed 1,000 Trillion... Interest Rates Up
③ "Why Is There So Little Cream in Oreo?"

MARKET INDEX

- US New York's three major indices closed mixed in a narrow range
- Temporary budget on the 17th... Shutdown if deadline is missed
- Consumer Price Index (CPI) trend likely to greatly influence market sentiment

TOP 3 NEWS

■ Like Japan's 'Lost 30 Years'... "Korea, Having Peaked, Is Over"

- Some in Japan's business circles acknowledge the 'Korea peak theory'
- Due to stagnation in potential growth rate caused by aging population
- Bank of Korea also concerned as "US rises while we decline"

■ Red Light for Kakao Investors' Capital Recovery

- Ongoing group troubles causing setbacks in recovering investments
- Disputes between Kakao and investors may become inevitable
- Saudi Sovereign Wealth Fund and National Pension Service are major investors

■ SME Loans Exceeding 1,000 Trillion Won, Interest Rates Rising Again

- Since April this year, SME loan volume surpassed 1,000 trillion won
- More than half of SMEs taking loans at high interest rates above 5%
- Increase in 'ultra-short-term delinquent companies' unable to pay interest

Graphic News: The Path to Hydrogen Vehicles Opened by Hyundai

- Hyundai Motor unveils medium-sized hydrogen truck for the first time at a Chinese exhibition
- Plans to introduce a full lineup of commercial hydrogen vehicles by 2028
- Prioritizing commercial vehicles considering driving characteristics and battery vehicle limitations

Money-Making Law

■ Samsung's Counterattack... Files Patent Lawsuit Against US Company

- US Netlist has been in a patent dispute with Samsung Electronics for years
- Samsung Electronics obtained a ruling invalidating the original patent application in dispute
- Now Samsung is counterattacking with a lawsuit over contract breach
☞Read article: https://www.asiae.co.kr/article/2023111318061717409

■ Flight Delays and Inadequate Measures, "Compensation Must Be Paid to Passengers"

- Flight cancellations exceeding 12 hours, passengers sue airline for damages
- Court recognizes airline's liability for mental damages
- Because mental damages are included in flight-related losses
☞Read article: https://www.asiae.co.kr/article/2023111318331554322

■ Precautions When Drafting Subscription Agreements

- Numerous points to review during corporate capital increase
- Accurately state total shares to be acquired and amount per person
- Tag along rights for joint sales are also important
☞Read article: https://www.asiae.co.kr/article/2023111318250946187

※ 'Money-Making Law,' a content partnership corner between Asia Economy and Legal Newspaper, is published every Tuesday and Thursday.

Term in the News: 'Shrinkflation'

- A neologism combining 'shrink' + 'inflation'
- Retail prices remain fixed while contents are reduced to save costs
- Oreo's 'cream' thinning sparked shrinkflation controversy

Today's Key Schedule

○ Domestic
- 09:00 Ministry of Industry, Public-Private Joint Battery Alliance (KCCI)
- 12:00 Bank of Korea, M2·M3 Money Supply (September)
- 13:30 Ministry of Economy and Finance, On-site Visit to Yongsan E-Mart

○ Overseas

- President Biden attending APEC Summit (~17th/San Francisco)
- Xi Jinping departs for US summit and APEC Summit attendance
- 15:30 India Wholesale Price Index
- 16:00 UK Unemployment Rate (September)
- 17:00 Spain Consumer Price Index
- 19:00 Germany ZEW Economic Sentiment Index (November)
- 19:00 Eurozone Q3 GDP
- 22:30 US Core Consumer Price Index
- 22:30 US Consumer Price Index

◇ Lunch & Commute Weather

○ Lowest temperature -1℃(▲2℃) ｜ Highest temperature: 11℃(▲3℃)
○ Precipitation probability 10% in the morning｜30% in the afternoon
○ Fine dust Moderate in the morning｜Moderate in the afternoon

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.

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