Trump's "Eco-friendly is a Scam" Remark Startles Domestic and International Banks [3-Minute Brief]

[At a Glance]
① Trump abolishes eco-friendly policies immediately after inauguration
② Fifth-generation indemnity insurance premium predicted to be '7,000 KRW per month'
③ Concerns over regression in domestic banks' climate response policies

MARKET INDEX

○Trump optimistic about large-scale AI investment announcement

○S&P hits all-time high, Nasdaq recovers to 20,000 level

○Oracle surges 6.75%, Nvidia jumps 4.43%

TOP 3 NEWS

■ Trump, who calls "eco-friendliness a scam," raises concerns over banks' ESG regression

○Eco-friendly policies abolished immediately after Trump’s inauguration
○Major North American banks also withdraw from eco-friendly agreements
○Concerns over regression in domestic banks' climate response policies

■ Is the 1st generation indemnity insurance always good? Switch in these cases

○5th generation indemnity insurance premium predicted to rise by '7,000 KRW per month'
○New coverage items include pregnancy and childbirth
○Authorities considering 'mandatory generational transition' if necessary

■ Ministry of Employment and Labor: "Early intervention within 4 months after graduation... Preventing youth inactivity"

○421,000 youths inactive last year
○European 'Youth Guarantee' introduced in Korea
○Psychological counseling for inactive youth also provided

the Chart: "After the Martial Law Shock" Expectation for uncertainty resolution... January consumer sentiment improves

○Bank of Korea 'January 2025 Consumer Sentiment Survey results'

○This month’s consumer sentiment 91.2... up 3.0 points from previous month

○Improvement centered on economic outlook after 12.5 points sharp drop last month

Money-Making Law

■ Mandatory lawyer system vs. reallocation of prosecution and police investigation rights vs. consolidation of poor law schools

○Candidate Park Jong-heun advocates introduction of mandatory lawyer system
○Candidate Park Byung-chul emphasizes need for discussion on reallocation of investigation rights
○Candidate Jo Soon-yeol proposes reduction of lawyers through strengthened academic management

■ Paralysis after dawn diving: "90% responsibility lies with the individual"

○Plaintiff claims "No depth indication and lack of safety equipment and personnel"
○Court recognizes swimming pool defects and rules on compensation responsibility
○Points out "No prior warnings or cautionary measures related to the accident"

■ "Even small courts can deliver great law and justice" A heated mock trial rivaling real court proceedings

○Court argument contest... disputes over statute of limitations and good faith principle
○Criminal division finals dealt with admissibility of evidence and more
○"We must pursue 'awakened justice' that fits the spirit of the times"

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

Terms in the News: The 'Executive Orders' Trump signed in a storm on his first day in office

Donald Trump, President of the United States, is signing an executive order at the White House. Photo by EPA Yonhap News

○Reviewing the executive orders signed by Trump

○First executive order aimed at erasing predecessor Biden’s policies

○Includes historic issues and routine tasks

Today's Key Schedule

○Domestic

23rd KOSDAQ Yuanta No.17 SPAC listing, offering price 2,000 KRW

KOSDAQ Meatbox Global listing, 19,000 KRW

○Overseas

00:00 US Leading Index (MoM) (December)

00:15 Speech by ECB President Lagarde

03:30 Speech by Germany Buba President Nagel

08:00 Korea GDP (QoQ) (Q4)

08:50 Foreign investment in Japanese stocks

◇Lunch & Commute Weather

○ Lowest temperature -2℃(0℃) ｜ Highest temperature: 7℃(0℃)
○ Precipitation probability morning 20%｜afternoon 0%
○ Fine dust morning bad｜afternoon bad

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.