IMF: "Korea's Growth Rate for This Year Revised Up to 0.9% by 0.1 Percentage Points" [3-Minute Brief]

[At a Glance]
① IMF raises Korea's economic growth forecast for this year from 0.8% to 0.9%
② Micron Technology delivers an earnings surprise, driven by DRAM sales
③ Average discount rate of the Korean stock market at 11.5%, higher than other emerging markets

MARKET INDEX

○All three major U.S. stock indices fell... 'AI rally' caution triggers two consecutive days of declines

○Nvidia expands AI spending following its investment in OpenAI; Alibaba also increases AI expenditures

○Powell's comment that "stock prices are overvalued" weighs on the market

TOP 3 NEWS

■ IMF: "Korea's growth rate for this year revised up to 0.9% by 0.1 percentage points"... Expansionary fiscal stance deemed appropriate

○IMF annual consultation results announced on the 24th
○Raised by 0.1 percentage points from the July forecast of 0.8%
○Growth expected to rebound to 1.8% next year

■ 'Semiconductor barometer' Micron, Q4 revenue up 46%... 'Earnings surprise'

○Q4 earnings announcement: revenue 15 trillion won, operating profit 5 trillion won
○Up 46% and 126.6%, respectively, compared to the same period last year
○DRAM sales led the growth, up 70%

■ Serious Korea Discount: "Average discount rate on Korean stock market is 11.5%, exceeding other emerging markets"

○Issue briefing by the Korea Capital Market Institute
○International comparison of stock market discount rates and the challenge of the Korea premium
○"Korean stock market has fallen into a 'high risk, low return' structure"

Graphic News: Celltrion fires a signal flare for a reversal in the short selling war with a 'surprise announcement'

○U.S. plant acquisition briefing, surprise notice three hours prior

○Celltrion stock price surged nearly 9% on the 23rd

○Short selling attack avoidance strategy proves effective

Money-Making Law

■ "I'll hire a lawyer for you"... Warning on Thailand's 'manager law firms'

○Approaching Koreans staying in Thailand due to drug-related issues
○After promising legal assistance, they take money and disappear
○"Some travel agencies set up fake law firms targeting Korean tourists"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025092415140644275

■ Prosecutorial and judicial system reform 'taking a breather'

○Atmosphere shifts after the President's press conference
○Government takes the lead, adopting a cautious approach
○Yoon Hojoong: "With clearer accountability, a greater sense of responsibility will follow"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025092415161060018

■ "AI is both a challenge and an opportunity"... Judges from Korea, U.S., China, Japan, and EU stress the role of the judiciary

○'2025 Sejong International Conference' held at Shilla Hotel
○President of the Unified Patent Court of Europe: "Ensuring fairness through swift procedures and a panel of expert judges"
○Efforts to harmonize judiciary and technology highlighted in discussions
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025092415183676360

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

Today's Key Schedule

○Domestic

○International

02:00 U.S. 5-year Treasury bond auction

05:10 Speech by U.S. Federal Open Market Committee member Daly

08:50 Bank of Japan monetary policy meeting minutes

15:00 Germany GfK Consumer Climate (October)

17:00 European Central Bank monthly report

21:30 U.S. continuing jobless claims

21:30 U.S. core durable goods orders (MoM) (August)

21:30 U.S. core personal consumption expenditures price index (Q2)

21:30 U.S. GDP (QoQ) (Q2)

21:30 U.S. initial jobless claims

23:00 U.S. existing home sales (August)

◇Lunch & Evening Weather

○Lowest temperature: 20°C (0°C) ｜Highest temperature: 27°C (▼2°C)
○Precipitation probability: 60% in the morning｜0% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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This content was produced with the assistance of AI translation services.