The Power of Secondary Batteries... Changed the Top 10 Market Caps [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① 260,000 Private Apartment Units for Sale Next Year
② Record Low Share of New Car Registrations Among 20s
③ US Targets Old Semiconductors from China

MARKET INDEX

- Trading is quiet, expected to move within the 2550~2620 range
- Major shareholder capital gains tax criteria eased, likely reducing year-end volatility

- Delinquent construction loans at the five major commercial banks more than doubled over the past year

Top3 NEWS

■ Secondary battery sector rewrites market cap rankings... Major shifts expected in KOSDAQ next year

- Notable rise in rankings of secondary battery material stocks and POSCO group stocks
- Gaming stocks fall out of the top 10 one after another... Kakao Games from 4th to 19th
- Major upheaval in KOSDAQ market cap expected next year... many top stocks likely to exit

■ 260,000 private apartment units to be supplied next year... 75% of usual volume

- 265,439 units planned for sale across 268 projects nationwide next year
- Sale timing uncertain for 86,000 units... supply may decrease
- Includes carryover units such as Raemian One Perla in Bangbae-dong, Seocho-gu

■ "I hate being a car poor" - 20s new car registration share hits record low

- About 80,000 new cars registered by those under 20, accounting for 6.0% of total
- Lowest level since data collection began in 2009
- Reduced income and increased debt among 20s ultimately due to 'tight wallet'

the Chart : Low-cost semiconductors dominated by China and Taiwan

- US to survey status of old semiconductors in January next year
- Targeting Chinese semiconductors in regulatory blind spots
- Taiwan may benefit if sanctions on China increase

Profitable Law

Photo by Beopryul Newspaper

■ Yoon administration's non-reimbursable disclosure system... Accelerating innovation in medical device sales channels

- System where ministers verify and disclose price information submitted by medical institutions
- Intended to guarantee consumer choice... rising tension with emergence of new distribution channels
- New financial products introduced by Osstem Implant, Motiva Korea, etc.
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023122516543491213

■ Supreme Court Rehabilitation and Bankruptcy Committee recommends "additional establishment of rehabilitation courts"

- "Expansion needed for prompt, proper, and uniform handling of insolvency cases"
- Rehabilitation courts currently located in Seoul, Suwon, and Busan (3 locations)
- Also calls for various measures such as restructuring procedure reforms
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023122516592794996

■ Yulchon hosts seminar on 'Global Climate Change Regulation Strengthening Trends and Corporate Response Strategies'

- 'UAE Consensus' first explicitly mentions 'Energy System → Fossil Fuels'
- Held jointly with KBCSD... discussing domestic emissions trading system, etc.
- "Need to note that climate finance role is emerging as an international agenda"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023122517050002331

※ 'Profitable Law', a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Terminology in the News: Oh Se-hoon's income guarantee 'Safe Income'

- A system that provides differentiated subsidies to households below a certain income level
- Policy implementation of Nobel laureate Milton Friedman's 'negative income tax'
- A selective welfare system for low-income groups... differentiated from existing systems

Today's Key Schedule

○ Domestic

06:00 Financial Services Commission releases Korean translation of ISSB disclosure standards 15:00 Bank of Korea announces plan to issue monetary stabilization bonds for January 2024

○ Overseas

22:30 US Chicago Fed National Activity Index for November 23:00 US October House Price Index 23:00 US October S&P/Case-Shiller 20-City Home Price Index

◇ Lunch & Commute Weather

○ Lowest temperature -1℃(▲2℃) ｜ Highest temperature: 7℃(▲5℃)
○ Precipitation probability: Morning 20%｜Afternoon 0%
○ Fine dust: Morning Moderate｜Afternoon Temporarily Bad

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.