Zuckerberg's First Visit to Korea in 10 Years: Who Will He Meet? [3-Minute Brief]

[At a Glance]
① Zuckerberg Visiting Asian Countries
② Apartment Sales in March Hit 23-Year Low
③ Signs of Real Estate Rebound in Developed Countries

MARKET INDEX

- US New York Stock Exchange's three major indices closed slightly lower
- Investors await key economic indicators such as the PCE Price Index
- Attention on whether AI rally continues following Nvidia's strong earnings

TOP 3 NEWS

■ "From AI to Wedding Parties" Zuckerberg's Schedule Visiting Asia

- Mark Zuckerberg, Meta CEO, to visit Asian countries including South Korea, Japan, and India this week
- In South Korea, scheduled to meet President Yoon Seok-yeol and Samsung Electronics Chairman Lee Jae-yong
- Zuckerberg's visit to Korea is first in about 10 years since 2014... Expected to discuss AI cooperation

■ March Housing Supply Drops Sharply Due to Cheongyak Home Revamp... 8,466 Units for Sale

- March housing supply is the lowest since 2001
- Impact of Cheongyak Home revamp and April general elections
- Spring housing market expected to pick up after early May

■ House Prices Pressured by High Interest Rates Hit Bottom... OECD Advanced Countries Up 2.1%

- Major advanced countries' house prices bottoming out and rebounding
- Real estate market turning point after being suppressed by high interest rates
- However, severe real estate slump continues in China and others

Graphic News: 'Reduced Loan Limits'... Stress DSR for Mortgage Loans Starts Today

- Annual income of 50 million KRW, previous variable limit (30-year maturity installment repayment) was 329 million KRW
- Gradual reduction to 315 million KRW → 278 million KRW next year... Aims to curb household loan growth
- Focus on the effect of household debt management under stress DSR and how much non-DSR items are reduced

Money-Making Law

■ Inheritance Disputes Are Not Just for Chaebol Families

- 'Inheritance property disputes' steadily increasing over assets inherited from parents and others
- From 771 cases in 2014 to 2,776 cases in 2022... Return of statutory portion lawsuits tripled in 10 years
- Increase in elderly population leads to more inheritance... Perspectives moving away from patriarchal inheritance also influential
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024022613095156632

■ “Debtor Must Prove Whether Claim Is Exempt from Seizure”

- Debtor who borrowed money from a lending company and failed to repay received seizure and collection orders
- Bank proceeded with seizure and collection on 1.55 million KRW deposit... Lawsuit filed over 'exempt claim from seizure'
- Supreme Court ruled, "It is difficult to consider that the debtor has sufficiently proven exempt claim based on submitted evidence"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024022613114267555

■ Activist Funds as a Variable in Family Ownership Management Disputes

- Activist funds flood shareholder proposals to expand shareholder interests
- Expectations whether companies that have not changed governance for a long time will move
- Concerns about disputes arising due to lack of understanding of corporate circumstances such as management disputes
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024022613153275035

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

Term in the News: No Rival to Putin?… 'Nadezhdin' Blocked from Presidential Run

- The only Russian presidential contender opposing the Ukraine war
- Federal Supreme Court banned presidential candidacy citing errors in support signatures
- Once considered a 'rival to Putin,' now stalled... Analysis suggests 'Putin's 5th term re-election is certain'

Today's Key Schedule

○ Domestic
- 27th: KOSPI APR listing, public offering price 250,000 KRW
- 27th: KOSDAQ KNR System subscription, public offering price 13,500 KRW


- Gyeonggi Humanville Ilsan Class One (3BL)
- Chungnam Hillstate Dujung Station
- Jeonbuk Seosin The Sharp Vivaldi
- Gwangju Songam Park Joongheung S-Class SK View
- Gwangju Sangmu Yangwoo Naeanae First Hill
- Jeju Jeju Jungbu Park Jeil Punggyeongchae Central Park

○ Overseas
- 00:00 US January New Home Sales
- 01:00 European Central Bank (ECB) President Lagarde Speech
- 08:30 Japan January Core Consumer Price Index
- 16:00 Germany March GfK Consumer Climate
- 20:00 France Total Job Seekers
- 22:30 US January Core Durable Goods Orders
- 23:00 US December 20-City Home Price Index

◇ Lunch & Commute Weather

○ Lowest temperature 2℃(▲2℃) ｜ Highest temperature: 9℃(-℃)
○ Precipitation probability Morning 20%｜Afternoon 20%
○ Fine dust Morning Good｜Afternoon Moderate

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.