Seoul Apartment Prices Fall for the First Time in 29 Weeks [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① This Year, 80,000 Candidates Took 8 Major Professional Exams
② Foreigners Turn to Net Buying of Korean Stocks After 4 Months
③ Average Household Assets Decrease for the First Time Ever

MARKET INDEX

- US New York stock market's three major indices all closed higher
- Employment report to be released tomorrow, key indicator for monetary policy
- Seoul apartment average sale price turns down after 29 weeks

TOP 3 NEWS

■ Civil Servant Pension Monthly Average 2.53 Million KRW…National Pension 550,000 KRW

- Gap between National Pension and Special Occupation Pensions 4.6 to 5.3 times
- 33% of National Pension recipients have only elementary school education
- Civil Servant and Private School Pensions have relatively higher education levels

■ 'Economic Recession' Causes Divergence in Professional Exam Takers...Appraisers Rise While Accountants Stall

- Number of test takers for the '8 major professions' this year 80,000, up 16% from last year
- Diverging job preferences: Certified Appraisers up 44%, Accountants stall
- Job stability and high salaries are the background for preference toward professional jobs

■ Foreigners Net Bought 3.3 Trillion KRW of Domestic Stocks Last Month...First Net Buying in 4 Months

- Foreigners switched to net buying domestic stocks after 4 months
- By country: UK (3.5 trillion KRW), US (0.8 trillion KRW)
- Also net invested 2.231 trillion KRW in domestic listed bonds

Graphic News

- Statistics Korea and others released '2022 Household Financial Welfare Survey'
- First time average household assets decreased in statistics
- Due to this year's house price decline...earned income increased

the Chart : 2024 CSAT Standard Score Highest Points

- Korea Institute for Curriculum and Evaluation released CSAT score analysis results
- High discrimination power in Korean, Math, and English
- Top grade cutoffs: Korean 133 points, Math 133 points

Term in the News: Knock-in

- When the underlying asset breaches a predetermined limit and enters a loss zone
- Hong Kong H-Index based ELS price falls below the 'knock-in barrier'
- Due to decline in market capitalization of Hong Kong-listed Chinese companies, currently in principal loss zone

Today's Key Schedule

○ Domestic
-10:30 2023 Global ESG Jeju Forum
-14:00 National Assembly Plenary Session
-14:00 Government Ministries National Tourism Strategy Meeting
-2024 CSAT score report distribution
-Samsung 'Galaxy S23 FE' domestic release

-Incheon Wondang-dong 'Jeil Punggyeongchae Geomdan IV' 1st priority
-Bucheon Sosabon-dong 'Sosa Station Lotte Castle The New L' 1st priority
-Seoul Gangseo-gu 'Samik The Rhapsody' 2nd priority

○ Overseas
-08:50 Japan GDP & Current Account Balance (Q3)
-22:30 US Average Hourly Earnings (Nov)
-22:30 US Nonfarm Payrolls (Nov)
-22:30 US Unemployment Rate (Nov)

◇ Lunch & Commute Weather

○ Lowest temperature 7℃(▲9℃) ｜ Highest temperature: 17℃(▲5℃)
○ Precipitation probability 10% in the morning｜10% in the afternoon
○ Fine dust level: Bad 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.