Because of Housing... 6.28 Million Domestic Movers Last Year [3-Minute Brief]

[At a Glance]
① Number of domestic movers increases for the first time in 4 years
② Government: "US universal tariffs, preparing for all possibilities"
③ Number of savings bank app users and loan amounts on the rise

MARKET INDEX : Year to date

○ US Q4 growth rate 2.3%

○ Below expectations but consumption drove steady recovery

○ Apple’s quarterly earnings exceeded expectations

Top3 NEWS

■ Last year, 6.28 million domestic movers... Increased for the first time in 4 years due to housing sales impact

○ Incheon, Sejong, Chungnam had the highest net inflow rates
○ Reasons: Housing (34.5%), Family (24.7%)
○ Most net inflow in 20s, net outflow in 40s and above

■ US universal tariffs, industry says "low feasibility"... Government "hard to predict"

○ Analysis suggests it is a preliminary move for renegotiation of the United States-Mexico-Canada Agreement (USMCA)
○ Industry expects low possibility of 25% tariff imposition
○ Even if tariff hurdle is overcome, many issues remain to be resolved

■ The more mobile is strengthened, the higher the liquidity risk for savings banks

○ Saemaeul Geumgo insolvency incident, etc.
○ Both deposit increase and decrease rates are high during external crises
○ "Digitalization may increase the risk of bank runs"

Graphic News: Ministry of Economy and Finance to prevent personnel concentration in budget and tax... Revising personnel standards

○ Briefing on revising regular personnel standards for officials below section chief

○ Reason: Personnel concentration and overheated competition in preferred departments

○ Internal reactions are confused

the Chart: Difficult to repay debt due to economic downturn... Household loan delinquency rate highest in 6 months

○ Financial Supervisory Service reports household loan delinquency rate highest in 6 months

○ Possibility of further increase in delinquency rate due to sluggish domestic economy

○ Corporate loan delinquency rate also on the rise

Person in the News: Trump’s role model in inaugural speech, 'Tariff King' McKinley

On March 4, 1897, at the presidential inauguration held in Washington D.C., Chief Justice Melville Weston Fuller administered the oath of office to President-elect William McKinley. Former President Grover Cleveland stood behind them. Photo by AP Yonhap News

○ McKinley, 25th US President

○ Led protection of domestic industries with high tariffs

○ Annexed Puerto Rico, the Philippines, etc. through the Spanish-American War

Today’s Key Schedule

○Domestic

○Overseas

◇ Lunch & Commute Weather

○ Lowest temperature -4℃(0℃) ｜ Highest temperature: 4℃(0℃)
○ Precipitation probability: Morning 20%｜Afternoon 30%
○ 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.