Business Leaders Meet Trump for Golf... Expectations Rise for Tariff Deal [3-Minute Brief]

[At a Glance]
① President Trump Meets with Korean Business Leaders, Expresses Gratitude for Investment in the U.S.
② Chey Taewon Proposes 'Mega Sandbox', a Regulation-Free Industrial Test City, as a New Growth Strategy
③ "Korea's Economic Growth Rate Next Year Expected to Surpass Bank of Korea's Forecast"

MARKET INDEX

○All three major U.S. stock indices rose together in New York... Apple hits all-time high

○Optimism over Q3 earnings and Fed rate cuts

○White House: "Shutdown could end this week"

TOP 3 NEWS

■ Trump Meets with Business Leaders at Mar-a-Lago... "Continued Investment in the U.S." Heightened Expectations for Tariff Negotiations

○Roundtable with Japanese and Taiwanese business leaders, among others
○Positive expectations for tariff negotiations
○President Trump expresses gratitude for investment in the U.S.

■ Chey Taewon: "Cities that Ease Regulations Will Lead the Future"... The New Laboratory for K-Industry [Cities Without Regulation, Mega Sandbox]①

○Countries around the world are lifting regulations at the city level, intensifying competition for industrial innovation
○Korea Chamber of Commerce and Industry proposes the 'Mega Sandbox' led by the private sector as a solution for regional growth
○The government is also considering institutionalizing measures such as 'Mega Special Zones' and 'Korean Cities'

■ [Monetary Policy Committee Poll]②The Biggest Variable in Rate Decisions Is 'Real Estate'... "Korea's Growth Rate Expected to Reach 2% Next Year"

○Survey of 15 experts by The Asia Business Daily
○Korea's growth rate is expected to surpass the Bank of Korea's forecast for both this year and next year
○The biggest variables in rate decisions are 'Seoul metropolitan area housing prices and household debt'

the Chart: Has It Hit Bottom... Soaring Secondary Battery Stocks

○LG Energy Solution up 25% this month

○Electric vehicle sales hit an all-time high last month

○"U.S. ESS demand expected to grow"

Money-Making Law

■ "If You Can't Prove Resignation Was Submitted Due to Mental or Physical Weakness, It's Voluntary"

○Resignation submitted for 'personal reasons' after returning from leave
○Claimed "harassment by union president and stress from transfer"... "Not a genuine intention"
○Court: "Insufficient evidence of mental or physical weakness... Resignation cannot be withdrawn without company consent"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025102107032312392

■ "Lawyer Ad CPC Still at 100,000 Won"

○Cap maintained despite guidelines
○Ministry of Justice urges compliance, but only compliant companies suffer
○Assemblyman Kim Hankyu: "Advertising costs remain high even after guidelines"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025102107041315331

■ "Couple Living Separately" ... "Why Not Live Together?"

○LG son-in-law's 12.3 billion won tax cancellation appeal
○Debate between Yoon Kwan and the court over tax eligibility
○"Emphasis on economic separation" vs. "If economic expenditures are the same, they share a livelihood"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025102107061631655

* 'Money-Making Law', a content partnership section between The Asia Business Daily and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

○International

02:00 Speech by Buba's Balz, Germany

04:00 Speech by Buba President Nagel, Germany

06:00 U.S. Net Long-Term TIC Flows (August)

16:00 Speech by ECB Chief Economist Lane, Europe

20:00 Speech by ECB President Lagarde, Europe

22:00 Speech by Federal Reserve Governor Waller, U.S.

◇Lunch & Evening Commute Weather

○Lowest temperature: 4℃ (▼1℃) ｜Highest temperature: 15℃ (0℃)
○Chance of precipitation: 10% in the morning｜0% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

Three minutes is all you need. Essential, cost-effective economic news. Published daily at 8 a.m.

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