South Korea's Population in 2072 '36 Million' [3-Minute Brief]

[At a Glance]
① Following the US, South Korea also gauges timing for interest rate cuts
② No one in South Korea is obtaining a 'driver's license'
③ While US funds rise 40%, Greater China drops -32%

MARKET INDEX

- US New York Stock Exchange's three major indices closed higher on expectations of interest rate cuts
- Federal Reserve (Fed) held the benchmark interest rate steady the previous day... signaled cuts next year
- Seoul apartment sale prices turned to decline after 29 weeks... -0.01%

TOP 3 NEWS

■ "Korea is struggling before the US... Heated debate on timing of Korea's rate cuts"

- Following the US, Korea also faces debate on timing of benchmark interest rate cuts
- Yusangdae, Deputy Governor of the Bank of Korea, "Closely monitoring US monetary policy stance"
- If the US lowers rates, Korea's timing for cuts could also accelerate

■ "No waiting for a month, same-day reservations possible"... Fewer people getting driver's licenses

- Due to population decline, driving schools are closing mainly in provincial areas
- Number of new driver's license holders fell below 1 million last year
- High road training fees also contributed to driving school closures

■ Public sector debt hits record high of 1588 trillion won... Surpasses 70% of GDP for the first time

- Debt (D3) of government and non-financial public enterprises exceeded 1500 trillion won for the first time last year
- Public sector debt ratio to Gross Domestic Product (GDP) also surpassed 70% for the first time
- Due to increase in general government debt (D2) which exceeded 90 trillion won last year

Graphic News: South Korea's population 36 million in 50 years

- Population growth rate expected to be -0.16% annually for 10 years after 2025... -1.31% in 2072
- Elderly population expected to be 1.9 times the working-age population during this period
- Number of dependents per 100 people increased from 41 in 2022 to 119 in 2072

the Chart: While US funds rose 40%, Greater China funds dropped 32%

- US stock market saw increased North American fund returns due to generally favorable economic conditions
- China faced overlapping negative factors such as delayed economic recovery, real estate crisis, and credit rating downgrade
- However, China's stock market recovery is expected next year... "Adverse factors already reflected after 3 years of adjustment"

Person in the News: 'Claudine Gay' confirmed to continue as Harvard University President

- Elected last December as Harvard's first Black and second female president
- Responded to some students' extreme anti-Semitic claims with "freedom of expression"
- Faced pressure to resign over anti-Jewish hate controversy but was confirmed to continue by the board

Today's Key Schedule

○ Domestic Major Schedule
- 08:55 November Trade Balance
- KOSPI DS Danseok subscription / Public offering price 100,000 won

- Chungnam Asan Tangjeong Daegwang Rosebiang Central (A12)

○ Overseas
- 01:30 US Atlanta Fed 4th Quarter GDPNow
- 11:00 China November Industrial Production, Fixed Asset Investment
- 11:00 China November Unemployment Rate
- 18:00 Eurozone December Purchasing Managers' Index (PMI)
- 18:30 UK December PMI
- 23:15 US November Industrial Production
- 23:45 US December PMI

◇ Lunch & Commute Weather

○ Lowest temperature 7℃(0℃) ｜ Highest temperature: 7℃(▼3℃)
○ Precipitation probability morning 90%｜afternoon 90%
○ 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.