15% vs 25%... Tariff Negotiations at a Crossroads [3-Minute Brief]

[Quick Overview]
① The government weighs options ahead of signing a reciprocal tariff agreement with the U.S.
② Import prices rise for the second consecutive month, impacted by a stronger exchange rate
③ Financial Supervisory Service reorganizes supervisory and inspection roles, splitting executive positions

MARKET INDEX : Year to date

○ All three major U.S. stock indices in New York closed slightly lower as investors took profits.

○ The FOMC meeting is scheduled for the 17th, with a 0.25 percentage point rate cut highly likely.

○ Market attention is focused on the dot plot and Chairman Powell's remarks.

Top3 NEWS

■ Would it be better to accept a 25% tariff? Korea-U.S. tariff negotiations at a crossroads

○ The government is making careful calculations regarding signing the U.S. reciprocal tariff agreement.

○ Even if a 15% tariff is secured, profit distribution remains unfavorable.

○ Experts warn that a hasty signing would be risky.

■ Import prices rise for second consecutive month despite falling oil prices and rising exchange rates

○ Provisional August export/import price index and trade index

○ Import prices rose 0.3% from the previous month.

○ Export prices also increased by 0.7%.

■ Financial Supervisory Service split bill proposed by ruling party... Labor maintains opposition to dispute committee decentralization

○ Supervision, inspection, and executive roles are being split in reality.

○ Labor and the ruling party remain at odds, with collective action expected for the time being.

○ The chairman of the National Policy Committee offered labor representatives the opportunity to speak.

Graphic News: Resumption of blocked mortgage refinancing... Will loan switching become more active?

○ The 100 million won limit was eased under the September 7 measures.

○ Starting with Woori Bank, KB Kookmin, Shinhan, and Hana Bank will sequentially resume refinancing.

○ Due to reduced household loan limits in the second half, robust demand remains uncertain.

the Chart: Has 'K-Pop Demon Hunters' lost its momentum? Nongshim faces cold treatment despite holding company gains

○ The rally in 'Myeonvidia' was reversed.

○ Investor sentiment is shifting to undervalued Nongshim Holdings.

○ Improving profitability in overseas operations is key.

Today's Key Schedule

○Domestic

○International

01:30 U.S. Atlanta Federal Reserve GDPNow (Q3)

02:00 U.S. 20-year Treasury bond auction

05:30 U.S. API weekly crude oil inventory

08:50 Japan adjusted trade balance

08:50 Japan exports (YoY) (August)

08:50 Japan trade balance (August)

15:00 UK Consumer Price Index (YoY) (August)

16:30 Europe: Speech by Christine Lagarde, President of the European Central Bank

18:30 Europe Consumer Price Index (YoY) (August)

18:30 Germany 30-year Bund auction

21:30 U.S. building permits (August)

23:30 U.S. crude oil inventory

◇Lunch & Evening Commute Weather

○Lowest temperature: 23°C (0°C) ｜Highest temperature: 26°C (▼2°C)
○Chance of precipitation: 70% in the morning ｜ 60% in the afternoon
○Fine dust: Good in the morning ｜ Good in the afternoon

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