'Rockstar' Jensen Huang, Shaping Korea-China Semiconductor Industry [3-Minute Brief]

[At a Glance]
①Bank Sector ELS Compensation Likely to Exceed 2 Trillion Won
②Chinese Yuan Gains Popularity in Carry Trade
③Reddit IPO Success Marks Return of 'Meme Stocks'

MARKET INDEX

- US New York Stock Exchange's three major indices all closed lower
- Recent rally led to high price burden, weakening investor sentiment
- Intel and AMD fell following decision to exclude them from Chinese government agencies

TOP 3 NEWS

■ 'Rockstar' Jensen Huang's words even make China smile

- Jensen Huang collaborates with Chinese foundries on automotive semiconductors
- Domestic stock market rises on news of Samsung Electronics' HBM testing
- Nvidia's moves influence semiconductor supply chains in both Korea and China

■ KB and Shinhan to resolve 'ELS compensation' at board meeting this week… Bank sector compensation expected to reach 2 trillion won

- Temporary board meetings of KB and Shinhan, ranked 1st and 2nd in Hong Kong ELS sales
- Bank sector's first quarter provision liabilities expected to reach 2 trillion won
- Major commercial banks may compensate losses as early as April

■ Carry trade: Japanese yen falls, Chinese yuan rises

- End of Japan's negative interest rate policy boosts yuan's attractiveness
- Borrowing from low-interest countries, investing in high-yield countries
- Ideal carry trade currencies should have low volatility

Graphic News: '20 Years Since Enforcement of Securities Class Action Act' Only 12 Cases Filed

- Securities class actions structured so that lawyers bear costs… Only one specialized law firm in practice
- Perpetrators face no disadvantage even if they refuse 'document submission orders'… Special rules needed to impose penalties
- Litigation should start with 'permission lawsuits'… Simplify main litigation and appeal procedures

Law That Pays

■ "Developing 'Legal AI' to enhance brand value… More opportunities will open for lawyers"

- AI Daeruk Aju, “Industry's first AI legal service development” expands market through reputation
- Advertising traffic generated by AI Daeruk Aju will reduce lawyers' advertising costs
- AI consultations emphasize the necessity of lawyers… Claims of violating the Attorney Act are groundless
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024032516241914201

■ Virtual Asset Investigation Unit Inspector: "To prevent coin price manipulation, increase public responsibility of virtual asset exchanges"

- Large-scale damages caused by listing fraud and price manipulation such as so-called Kimchi coins
- Lack of legal systems to curb incentives for listing requests at virtual asset exchanges
- Emphasis on legal responsibility of virtual asset exchanges that review soundness and business viability
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024032516261228742

■ Inheritance disputes are increasing… ‘Will Certificate Storage Act’ faces risk of repeal

- Wills as an alternative to prevent family inheritance disputes… Public system is insufficient
- Calls for introduction of public will storage system where courts keep wills
- Bill pending for 6 months since September last year… Difficult to pass before parliamentary recess
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024032516284450469

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

Terms in the News: Reddit, which hit the jackpot on its first day of listing, became a 'meme stock'

- US SNS company Reddit succeeded in attracting attention on its first day of listing on the New York Stock Exchange on the 21st
- 'Meme stock' refers to stocks popularized through online communities or SNS
- The meme stock trend started in 2021 when Reddit users fought a buying battle against short sellers

Today's Key Schedule

○ Domestic
- 06:00 March Consumer Confidence Index
- 26th KOSDAQ Angel Robotics listing / Offering price 20,000 won
- 26th KOSDAQ IMBDX subscription, offering price 13,000 won

○ Overseas
- 14:00 Japan Bank Core Consumer Price Index
- 16:00 Germany GfK April Consumer Sentiment
- 17:00 Spain Q4 GDP
- 21:30 US February Durable Goods Orders
- 22:00 US S&P/CS 20-City Home Price Index
- 23:00 US March CB Consumer Confidence Index

◇ Lunch & Commute Weather

○ Lowest temperature 5℃(▼4℃) ｜ Highest temperature: 14℃(0℃)
○ Precipitation probability morning 70%｜afternoon 20%
○ 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.