Conglomerate Management Rights Defense, Poison or Medicine for Value-Up? [3-Minute Brief]

[At a Glance]
① "If prices rise, what happens to my allowance?"... How far has economic education come?
② Digital Won CBDC real transaction test to be conducted next year
③ Average house prices increased, but median values actually fell

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed

- Nvidia soars over 4% to reach an all-time high

- Indicates gradual and moderate interest rate cuts

TOP 3 NEWS

■ Poison or Medicine for Korea? Management Control Defense Clauses and Value-Up

- Business circles urge defensive measures to block hostile M&A
- If clauses like dual-class voting rights and poison pills are introduced
- Negative evaluations as they hinder competition and cause value-up setbacks

■ "If prices rise, what about my allowance?"... How far has economic education come?

- Early economic and financial education served as policy promotion
- Importance of education increased after IMF and credit card crises
- Financial subjects to be introduced in schools only next year

■ CBDC real transaction test to be conducted early next year

- Coincides with the timing of the Bank of Japan’s system overhaul
- Beta test to be conducted early next year before implementation
- Bank money issued in electronic form

the Chart: Average house prices rose, but median prices fell?

- Polarization of Seoul housing prices deepens, causing a decline in median prices... an optical illusion

- Seoul housing purchase burden index recorded at 147.9... also confirmed by loan burdens

- Median price loses representativeness... Acro River Park hits highest price in Q2

Money-Making Law

■ "It is not right to block traditional financial institutions from participating in cryptocurrency"

- 2024 Seoul Global Conference 'Brave New World: The Frontline of Cryptocurrency Regulation'
- "SEC has taken an approach to cryptocurrency, but it is not a way to help participants grow"
- "Interest in cryptocurrency in the market is very high... other assets are also reviewed under the same standards"
☞Read article: https://www.asiae.co.kr/article/2024102114334083972

■ Acquiring internet broadcasting servers and opening new sites does not qualify for corporate tax reduction

- 'Pandatv' operator lost administrative lawsuit against 3 billion KRW corporate tax disposition
- "Operating method is the same... difficult to see it as creating a primitive business effect"
- "According to the Restriction of Special Taxation Act, it applies to 'acquisition or purchase,' not 'startup'"
☞Read article: https://www.asiae.co.kr/article/2024102114345588222

■ Ilsan Court Library turned into an 'island'

- Relocated to Ilsan in December 2018... improved public access and lending services
- "Accessibility for legal professionals is poor... difficult to use," complaints poured in
- Emphasized "Anyone who is a citizen should be able to easily access court rulings"
☞Read article: https://www.asiae.co.kr/article/2024102114442235419

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

Issue in the News: From 'Jindallae' to 'Cherry Blossoms' in October... Abnormal Blooming

[Source=Yonhap News]

- "Longer summer causes drying" Seoraksan azalea fruits fall immature

- Shortened autumn dormancy preparation period... decreased from average 70 days to 64 days

- Reduced adaptability to external environmental changes... may lead to population decline

Today's Key Schedule

○ Domestic

06:00 September Producer Price Index

22nd KOSDAQ Hankem listing, public offering price 18,000 KRW

22nd KOSDAQ Eugene SPAC No.11 subscription, expected public offering price 2,000 KRW

22nd KOSDAQ Sungwoo subscription, public offering price 32,000 KRW

Gyeonggi Hills State Osan The Class

Gyeonggi Cheongpyeong Sujain The First

Seoul Jamsil Raemian I-Park

Gyeonggi Suwon Biselto 64

Busan Centum Park SK View

Ulsan Mugeo Vista Dongwon

Incheon Raemian Centripol (3BL)

Daejeon Dunsan Harrington Place River Park

Incheon Doosan We've The Central Bupyeong

Daejeon Leeb Switchen

○ Overseas

14:00 Bank of Japan Core CPI

22:25 Bailey, Governor of the Bank of England, speech

23:00 Lagarde, President of the European Central Bank, speech

◇ Lunch & Commute Weather

○ Lowest temperature 15℃(▲3℃) ｜ Highest temperature: 18℃(▼2℃)
○ 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.