Now Raemian, Xi, and Hillstate Public Housing Are Coming Out [3-Minute Brief]

[At a Glance]
① LH Monopoly on Public Housing Projects Opens to Private Sector
② Korean Companies Hit by Backward Growth in Electric Vehicle Industry
③ Popularity of Used Compact Cars Rises Amid Economic Recession

MARKET INDEX

- US New York Stock Market, Early Session Slightly Up Amid CPI Digesting and FOMC Watch
- "Fed Expected to Hold Interest Rates Steady at Current 5.25~5.50%"
- Divergent Interest Rate Cut Timing Forecasts... "March Next Year" vs "June Next Year"

TOP 3 NEWS

■ The 'Public Housing = LH' Formula Broken... Competition with Private Companies

- Public housing project rights, previously monopolized by LH, opened to private sector
- LH's dominance in the public housing construction market expected to weaken
- Major organizational restructuring of LH also inevitable

■ 73% of Economic Experts Predict "Korean Economy to Experience Prolonged Low Growth of 1~2%"

- "Growth will reach 3% range from next year"... Only 1.4% of respondents agree
- Due to global economic and political risks such as war
- Forecast for exchange rate and price stabilization in late next year or the year after

■ New Town Special Act Not Effective... House Prices in Bundang, Ilsan, Pyeongchon Continue to Decline

- Special Act for Aging Planned Cities Scheduled to be Enforced in April Next Year
- High interest rates and recession concerns limit housing price ripple effects
- Some opinions suggest the law could act as a positive factor after enforcement

Graphic News: Shaky European Electric Vehicle Market... Korean Batteries Hit Hard

- Battery companies suffer from electric vehicle industry contraction and increased Chinese market share

- Europe, the biggest battleground for electric vehicles and batteries, saw November sales drop 39% year-on-year
- China targets Europe with mid-to-low priced NCM batteries, a strength of Korean companies

the Chart: Used Compact Cars Rise as Recession Hits

- High interest rates and inflation dampen consumer sentiment... increased demand for used cars and compact cars
- The best-selling used car is the compact Kia Morning... 121,035 units this year
- "Due to recession, 10 million KRW range used cars remain popular in December, maintaining prices"

Person in the News: Indonesia's Richest Man 'Prajogo Pangestu'

- Energy tycoon and chairman of Barito Pacific Group... wealth increased tenfold in one year
- Surge in value of low-grade energy companies and coal mining firms listed this year
- Ranked 1st in Indonesia and 24th worldwide with $53.8 billion (approx. 71 trillion KRW) in assets

Today's Key Schedule

○ Domestic Major Schedule

- 06:00 Export Price Index (YoY) (November)
- 06:00 Import Price Index (YoY) (November)
- 08:00 South Korea Unemployment Rate (November)

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○ Overseas
- 04:00 US Federal Budget Balance (November)
- 19:00 Europe Industrial Production (YoY) (October)
- 19:00 Europe Industrial Production (MoM) (October)
- 22:30 US Producer Price Index (YoY) (November)
- 22:30 US Producer Price Index (MoM) (November)

◇ Lunch & Commute Weather

○ Lowest Temperature 2℃(▼2℃) ｜ Highest Temperature: 12℃(▲3℃)
○ Precipitation Probability Morning 30%｜Afternoon 30%
○ Fine Dust Morning Good｜Afternoon Good

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.