Fiscal Deficit Reaches 102.4 Trillion Won Through September... Largest Since 2020 [3-Minute Brief]

[At a Glance]
① Fiscal deficit reaches 102.4 trillion won from January to September, second highest on record
② Expanding paid allocation of carbon emissions permits to 50% will increase annual industrial electricity costs by 3 trillion won
③ Trump administration signals major tariff cuts on consumer goods including food

MARKET INDEX : Year to date

○All three major U.S. stock indexes closed lower in New York... Nasdaq down 2.29%

○Shutdown ends after 43 days, but key data remain unavailable... Hopes for a rate cut weaken

○Tech stocks plunge across the board amid overvaluation concerns

Top3 NEWS

■Fiscal deficit reaches 102.4 trillion won from January to September, second highest on record

○Managed fiscal balance records a deficit of 102.4 trillion won
○Largest deficit since 2020
○Total revenue is 480.7 trillion won, up 41.4 trillion won from the same period last year

■Emergency over 3 trillion won electricity bill hike..."Absorbing hundreds of billions, ultimately killing Korean manufacturing," industry protests

○"Raising targets without considering costs"
○Petrochemical NCC electric operations and steel hydrogen reduction disrupted
○Active review of PPA for renewables and others

■Tariffs drive up inflation... Trump team signals tariff cuts on agricultural products like coffee and bananas

○Bessent: "Tariffs to be reduced on items not produced in the U.S."
○Trump: "Will lower coffee tariffs"
○After mini-elections defeat, all-out effort to stabilize cost of living

Graphic News: Financial Services Commission's new project budget for next year set at 2.5 trillion won..."Detailed plans and cuts needed"

○Preliminary review report by the National Policy Committee

○No specific business plan yet for the National Growth Fund

○"Need to revise scale and address issues with policy funds"

the Chart: "IPO three-time challenger" K Bank's cumulative net profit for Q3 reaches 103.4 billion won

○Slight decrease from last year

○Cumulative net profit exceeds 100 billion won for two consecutive years

○Corporate lending growth accelerates

Today's Key Schedule

○Domestic

06:00 Export Price Index (YoY) (October)

06:00 Import Price Index (YoY) (October)

Senatechnology KOSDAQ listing, final IPO price 56,800 won

Green Optical KOSDAQ subscription, final IPO price 16,000 won

The Pinkfong Company KOSDAQ subscription, final IPO price 38,000 won

○Overseas

02:00 U.S. Crude Oil Inventories

03:00 U.S. 30-Year Treasury Auction

06:30 U.S. Federal Reserve Balance Sheet

11:00 China Fixed Asset Investment (YoY) (October)

16:25 Speech by Bundesbank's Balz, Germany

19:00 Eurozone GDP (QoQ) (Q3)

20:00 Speech by Bundesbank Vice President Buch, Germany

◇Lunch & Evening Weather

○Lowest temperature 3℃(▼4℃) ｜Highest temperature: 13℃(▼4℃)
○Precipitation probability: Morning 0%｜Afternoon 0%
○Fine dust: Good in the morning｜Good in the afternoon

3 minutes is all you need. Essential, high-value economic news. Published daily at 8:00 AM.

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