If Trump Wins, Do 'Coins' Also Rise? [3-Minute Brief]

[At a Glance]
① Yen-Dollar Exchange Rate Surpasses 150 Yen Again
② National Advanced Industrial Complex Preliminary Feasibility Study Accelerated by 3 Months
③ Hotels Compete with High-End Valentine’s Cakes

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- Recovery from previous day's market slump due to bargain buying inflow
- Nvidia surpasses Alphabet to rank 3rd in market capitalization

Top3 NEWS

■ Yen-Dollar Exchange Rate Surpasses 150 Yen... "Shock from US CPI Exceeding Expectations"

- First time in 3 months since November last year
- Yen has depreciated 23% over 2 years
- Shows the weakest performance among major currencies

■ Preliminary Feasibility Study for National Advanced Industrial Complex Accelerated by 3 Months… Goheung and Uljin Complexes Exempted

- Government provides tailored support for advanced industry clusters
- Relaxation of ecological area ratio obligations for tenant companies
- Support also extended to semiconductor-specialized complexes in Yongin and Pyeongtaek

■ "Every Petal Made with Care"... 100,000 Won Luxury Hotel Valentine's Day Cake

- Cake prices rise amid premium competition
- Chosun Palace's 150,000 Won 'Flower Box'
- Fully booked despite prices exceeding 100,000 Won

the Chart : Trump and 'Bitcoin'

- Focus on 'virtual assets' amid US presidential election outlook
- Democratic Party favors 'regulation', Republican Party leans toward 'friendly' policies
- However, some analyses suggest political factors are overshadowed by interest rate impacts

Profitable Law

■ Seoul High Court Adds One Criminal Division… 'Three Female Judges' Panel Established

- Reflects increase in criminal cases filed at Seoul High Court
- Civil Division 1, mainly handling labor cases, now composed of three female judges
- Seoul High Court's 'Career-Equivalent Divisions' increased to 12, the largest ever
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024021417005550970

■ Chief Judge Hong Seung-myeon's Final Request: "For Judges, Competence Equals Kindness"

- Last request during the 'Precedent Bulletin Study' led for 12 years before retirement
- Started study at Daegu High Court; currently involves about 900 judges
- "Hope judges always study to fulfill their duties... Competence is kindness"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024021417023653034

■ Court Recognizes 'Workplace Harassment' by Superior's Verbal Abuse… Orders 7 Million Won Compensation

- Actions included work orders past 11 PM and throwing documents on desk
- Victim unable to endure superior's insults and verbal abuse eventually resigned
- Court ruled "Employer liable for mental damages suffered by victim"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024021417044562509

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

Terminology in the News: Article 17 of the Financial Consumer Protection Act, a Controversy in Hong Kong ELS, 'Suitability Principle'

- Investor protection measure prohibiting unsuitable investment recommendations by financial firms
- Considers financial consumer's asset status, loan status, investment experience, etc.
- 30% of ELS subscribers are elderly, making compliance with suitability principle difficult

Today's Key Schedule

○ Domestic
- 08:55 January Trade Balance
- 15th KOSPI APR Subscription / Confirmed Public Offering Price 250,000 Won

○ Overseas
- 00:30 US Crude Oil Inventory
- 08:50 Japan Q4 GDP
- 09:30 Australia January Unemployment Rate
- 13:30 Japan December Industrial Production
- 16:00 UK Q4 GDP
- 17:00 European Central Bank (ECB) President Lagarde Speech
- 22:30 US January Retail Sales
- 22:30 US February Philadelphia Fed Manufacturing Index
- 23:15 US January Industrial Production

◇ Lunch & Commute Weather

○ Lowest Temperature 6℃(▼1℃) ｜ Highest Temperature: 7℃(▼8℃)
○ Precipitation Probability Morning 60%｜Afternoon 60%
○ 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.