Black and White Chef Winner Also Gives Up on 'Cafe' [3-Minute Brief]

[At a Glance]
① "If Qualcomm does it, it proceeds" - Innovation Dead at Samsung
② Even Funeral Fees Taken... A Look at Cryptocurrency Scams
③ Samsung Electronics' Slump... KOSPI Losing Strength

MARKET INDEX

○ U.S. New York stock market's three major indices all closed lower
○ Rising government bond yields continue to weigh on investor sentiment
○ Tesla beats Q3 earnings expectations, rises in after-hours trading

TOP 3 NEWS

■ Cafe, Sseune... Startup that even the black-and-white chef winner was stunned by

○ Napoli Matpia: "80% chance of failure"
○ Intensified competition, difficulty in differentiation
○ Cafe survival rate only 35% over 5 years

■ "If Qualcomm does it, proceed"... Samsung Semiconductor with dead innovation

○ Interview with former Exynos practitioner
○ Problem of hesitating bold investments
○ "Samsung must be a first mover to prosper"

■ Returned home after 30 years... but even funeral costs were extorted

○ Analysis of 126 petitions on 'coin scams' targeting the elderly
○ Total of 36,000 people scammed... mostly elderly
○ Lee Mo, CEO of Ido International, sentenced to 15 years in prison

the Chart : KOSPI unable to gain momentum due to Samsung Electronics' sluggishness

○Impact of Samsung Electronics' sluggishness due to foreign selling
○Samsung Electronics' market cap share in KOSPI exceeds 16%
○ Expected to fluctuate around the 2600 level for the time being

Money-Making Law

■ Contract canceled after believing "loan approved" but rejected... Buyers can cancel contracts

- Sales agency staff mistakenly believed loan approval was possible
- If this was conveyed to buyers and the loan was later denied
- Court rules buyers can cancel the contract
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024102313515220947

■ Criminal presiding judge also civil presiding judge... Dilemma of small courts and branches

- Request for reassignment was denied
- No separate regulations, left to court discretion
- Potential misuse for forum shopping
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024102313532928357

■ The power of Han River, kickstarting legislative support for K-literature

- Highlighting importance of translation following Han Kang's Nobel Prize in Literature
- Parliament and government also supporting literature and translation
- Focus on establishing legal foundation for graduate school of translation
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024102313550035788

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

Numbers in the News: Age group with the highest employment ratio is '60 and above' elderly

○ Employment ratio of those aged 60 and above hits record high
○ Proportion of startups by those aged 60 and above also at all-time high
○ Need for sustainable employment alternatives in the era of aging population

Today's Key Schedule

○Domestic

08:00 Q3 GDP

24th KOSDAQ C-MES listing, public offering price 30,000 KRW

24th KOSDAQ A-LUX subscription, public offering price 16,000 KRW

24th KOSDAQ Top Run Total Solution subscription, public offering price 18,000 KRW

24th KOSDAQ HEM Pharma subscription, public offering price 23,000 KRW

24th KOSDAQ Airlane subscription, expected public offering price 16,000~18,500 KRW

○Overseas

05:30 Speech by Bailey, Governor of the Bank of England

09:30 Japan October Services Purchasing Managers Index

17:00 EU October Markit Composite Purchasing Managers Index

17:30 UK October Composite Purchasing Managers Index

21:30 U.S. Initial Jobless Claims

22:45 U.S. October Markit Composite Purchasing Managers Index

23:00 U.S. September New Home Sales

◇ Lunch & Commute Weather

○ Lowest temperature 7℃(▼4℃) ｜ Highest temperature: 19℃(▲3℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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.