China's Battery Advance, Even Cheaper This Year [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Hyundai Motor·Kia Face Off Directly with Tesla in the US
② International Oil Prices Hit Highest Level in 2 Months Again
③ Trump’s 'Economic Strategist' Sentenced to Prison

MARKET INDEX : Year to date

- This week's stock market expected to be generally cautious
- Upcoming events include FOMC and earnings reports from major domestic companies
- Limited rebound expected in the Korean stock market

Top3 NEWS

Stevie Wonder visited the Kia booth located at the Las Vegas Convention Center in the United States on the 10th (local time) and personally experienced Kia's PBV (Purpose Built Vehicle) PV5 by touching it.
[Photo by Reader]

■ Hyundai Motor and Kia Achieve Record High Earnings, Face Off Directly with Tesla in the US

- Increasing local production to secure electric vehicle subsidies
- New US factory dedicated to electric vehicles now fully operational
- Expanding market share with launch of affordable electric cars

■ Angry Over 'Chickenflation'... 'Homebody' Consumers Shift from Delivery to Frozen Chicken

- Chicken price index surpassed 120 in December last year
- Hard to find chicken priced under 20,000 KRW
- Attention turning to alternatives like ready-to-cook frozen chicken

■ Analog Watch Wrapped by a Golden Dragon... Galaxy S24 Ultra Limited Edition, How Much Is It?

- Customized by Russian phone maker Caviar
- S24 equipped with a pure gold dragon and analog watch
- Price exceeds approximately 20 million KRW

Graphic News: CATL Sparks 'Battery Chicken Game'

- Chinese CATL announces plans to supply batteries 43% cheaper than global average prices
- Equivalent to about $75 per pack... concerns over oversupply due to price drop
- Domestic battery industry, which finds it hard to lower prices quickly, faces inevitable contraction

the Chart: International Oil Prices Rising Again

- International oil prices hit highest level in two months... concerns over impact on Korean consumer prices
- WTI prices rise to $77.36 per barrel amid Middle East tensions and US inventory decline
- Bank of Korea states that further oil price increases could affect domestic consumer prices

Term in the News: Trump’s Economic Adviser 'Navarro' Sentenced to Prison

[Image source=Yonhap News]

- Sentenced for refusing to cooperate with congressional investigation into January 6 US Capitol riot
- Authored report claiming the 2020 US presidential election was a massive fraud
- Anti-China economist described as a "parasite" who grows the economy at the expense of other countries

Today's Key Schedule

○ Domestic
- 29th: KOSDAQ listing of Posbank, offering price 18,000 KRW

○ Overseas
- 06:45 New Zealand December trade balance
- 11:00 Vietnam consumer price index
- 18:01 Italy trade balance with non-EU countries
- 20:30 Brazil total debt-to-GDP ratio

◇ Lunch & Commute Weather

○ Lowest temperature -4℃(▲1℃) ｜ Highest temperature: 4℃(-℃)
○ Precipitation probability: 0% in the morning｜10% in the afternoon
○ Fine dust: Moderate in the morning｜Moderate in the afternoon

3 minutes is OK, essential time-efficient economic news. Published daily at 8 AM.

This content was produced with the assistance of AI translation services.