Martial Law and Impeachment... Is 2% Growth Possible Next Year? [3-Minute Brief]

[At a Glance]
① Korean Adults' Language and Math Skills Below OECD Average
② Trump’s Eldest Son: "US Will Become the World's Cryptocurrency Capital"
③ HD Hyundai Electric Achieves Record High North American Sales Share

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices all rose

○ Nasdaq index...surpasses 20,000 for the first time ever

○ Tesla jumps 6%, hitting an all-time high

Top3 NEWS

■ ADB cuts South Korea's growth rate by 0.3 percentage points...barely reaches 2% next year

○ ADB Asia-Pacific economic outlook released
○ Down 0.3%p compared to previous forecast
○ Decline in export growth rate is a factor in sluggishness

■ South Korean adults' language and numeracy skills below OECD average

○ Younger age groups show higher competency levels
○ Adult average declined compared to 10 years ago
○ Level 1 or below higher than OECD average

■ Trump’s eldest son: "US will become the world’s cryptocurrency capital"

○ "Longtime enthusiastic fan of cryptocurrency"
○ Supportive of decentralized finance (DeFi)
○ Expected to present an industrial regulation roadmap

the Chart : HD Hyundai Electric, largest North American sales share...full factory operation by 2030

○ Market growth is remarkable...expected $252.8 billion (approx. 362 trillion KRW) by 2032

○ Focus on high value-added products like ultra-high voltage transformers, priced 2 to 4 billion KRW per unit

○ KOTRA: "Infrastructure investments such as nuclear power plants expected to become active due to increased power demand"

Profitable Law

■ What happens if the president is detained...

○ Prosecutors judge "Yoon played a leading role in rebellion by declaring martial law"
○ Legal scholars interpret it as a temporary incapacity to perform duties due to accident
○ Some opinions say the presumption of innocence means immediate suspension from duty is not possible

■ 80 former prosecutors elected as lawmakers since the 14th National Assembly

○ 20% of lawmakers from judiciary and prosecution run for election within one year after retirement
○ Enter politics without a cooling-off period, raising concerns about judicial trust
○ Many prosecutor-turned lawmakers have been elected three or more times

■ K-law firms also in Yangon, global expansion underway

○ Responding to local corporate advisory demand through global expansion
○ Mid-sized law firms also seek innovation through overseas expansion
○ Indonesia, Central and Eastern Europe noted as new hubs

Person in the News: Al-Julani, rebel leader who ended Syria’s 53-year dictatorship

Alzulani appeared on the American public broadcaster PBS. YouTube

○ Joined terrorist group Al-Qaeda after being immersed in Islamic fundamentalism and Arab nationalism revolutionary theory

○ Allied with ISIS and grew power...Al-Nusra became the strongest organization in Syria

○ Formed HTS by uniting armed groups, striving to remove 'dangerous element' stigma and gain recognition

Today's Key Schedule

○Domestic

12th KOSDAQ KB No.31 SPAC listing, offering price 2,000 KRW

12th KOSDAQ Dukem Bio subscription, offering price 8,000 KRW

12th KOSDAQ Kiwoom No.10 SPAC subscription, offering price 2,000 KRW

12th KOSDAQ Shinhan No.14 SPAC subscription, offering price 2,000 KRW

○Overseas

00:30 US crude oil inventory

03:00 US 10-year Treasury auction

06:30 Brazil interest rate decision

17:30 Switzerland interest rate decision

18:00 International Energy Agency (IEA) monthly report

22:15 European Central Bank December interest rate decision

22:30 US initial jobless claims

22:30 US November producer price index

22:45 European Central Bank press conference

◇ Lunch & Commute Weather

○ Low temperature: -2℃(▼2℃)｜High temperature: 5℃(▼2℃)
○ Precipitation probability morning 0%｜afternoon 20%
○ Fine dust morning moderate｜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.