SK Hynix Also Weighs 'End of Production Cuts' [3-Minute Brief]

[At a Glance]
① Samsung Electronics, Operating Profit Recovery in Q4 Last Year
② SPAC Merger Boom, Will It Continue This Year?
③ Domestic Dual-Income Household Ratio Hits Record High

MARKET INDEX

- US New York stock market's three major indices closed mixed near flat
- Energy and financial sectors declined, while technology, telecommunications, and healthcare sectors showed strength
- Big events ahead this week include CPI and corporate earnings

TOP3 NEWS

■ SK Hynix also 'weighing' ending production cuts… Kwak No-jeong "Considering Q1 changes"

- Following Samsung Electronics, Hynix is also considering reducing DRAM production cuts
- President Kwak No-jeong expressed intentions at CES 2024 in the US
- Recent recovery in DRAM prices has boosted confidence in the semiconductor industry

■ Will the SPAC merger boom continue this year… related stocks hot from the start of the year

- SPAC (Special Purpose Acquisition Company) merger-related stocks gaining attention from early in the year
- Hanbit Laser, the first SPAC merger listed company, also showing strength
- Increasing corporate preference due to simple public offering procedures

■ "Only the hotteok shop is crowded"… traditional market turned into a food alley

- Traditional markets hit hard by soaring food ingredient prices
- Store composition shifting towards affordable food items
- Agricultural product prices rose 15.7% compared to the previous year

Graphic News: Samsung reduces semiconductor deficit

- Confirmed clear recovery trend in the second half through Q4 earnings announcement last year
- Analysis suggests semiconductor production cuts positively impacted performance improvement
- Expectations for full-scale production of 5th generation high-bandwidth memory in the second half of this year

the Chart: Record-high trend of dual-income households in Korea

- As of October 2022, the proportion of dual-income households in Korea reached 46.1%, a record high
- Male share among all parental leave takers is 27.1%, showing a large gap compared to females (72.9%)
- Need for companies to create family-friendly environments and cultures to balance work and childcare

Term in the News: Will the 'Lucy Act' be enacted in Korea?

- Law banning factory-style mass breeding of puppies and kittens under 6 months old
- Named after a dog rescued from a breeding farm in South Wales, UK, in 2013
- Recent ongoing animal abuse incidents at domestic breeding farms have sparked public calls for a 'Korean version of the Lucy Act'

Today's Key Schedule

○ Domestic
- 08:00 December unemployment rate

○ Overseas
- 01:30 Atlanta Fed GDPNow estimate for Q4 last year
- 03:00 US 3-year Treasury bond auction
- 12:35 Japan 10-year JGB bond auction
- 17:00 China new loans
- 23:00 European Central Bank (ECB) Schnabel speech
- 23:15 Bank of England (BOE) Governor Bailey speech

◇ Lunch & Commute Weather

○ Lowest temperature -5℃(▼4℃) ｜ Highest temperature: 5℃(▲3℃)
○ Precipitation probability 0% in the morning｜0% in the afternoon
○ Fine dust level 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.