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President Lee Criticizes Government Practice: "Non-Regular Workers Should Be Paid More for the Same Work" [3-Minute Brief]

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[At a Glance]
1. President Lee criticizes the practice of paying minimum wage at government and public institutions
2. OpenAI releases enterprise AI report: "Using AI can save one hour of work per day"
3. Leadership changes in the financial sector as personnel overhaul begins

MARKET INDEX : Year to date
President Lee Criticizes Government Practice: "Non-Regular Workers Should Be Paid More for the Same Work" [3-Minute Brief] 원본보기 아이콘

○The three major U.S. stock indexes in New York closed mixed amid caution ahead of the FOMC meeting.

○Investors are taking a wait-and-see approach ahead of the Federal Reserve's key interest rate decision.

○The market's attention is focused on the future path of monetary policy.

Top3 NEWS
■ President Lee: "Non-regular workers should be paid more for the same work"... Special Martial Law Court to follow the will of the people
○President Lee Jaemyung presided over a cabinet meeting on the 9th.

○He criticized, "Even the government pays minimum wage to non-regular workers."

○He also pointed out the issue of 'split contracts' used to avoid paying severance benefits.
■ OpenAI: "Using AI can save one hour of work per day"
○OpenAI released a report on the status of enterprise AI.

○"AI can save an average of 40 to 60 minutes per day."

○The academic community rebuts 'AI skepticism.'
■ Major personnel shake-up at the four largest financial groups... Numerous subsidiary CEOs' terms expire
○It is time for leadership changes in the financial sector.

○Shinhan Financial Group will replace CEOs at 2 out of its 4 subsidiaries.

○The terms of 24 CEOs at KB, Hana, and Woori affiliates are expiring.
Graphic News: [Mineral War ①] One-year grace period for China's rare earth export controls "Negotiation uncertainty grows"
President Lee Criticizes Government Practice: "Non-Regular Workers Should Be Paid More for the Same Work" [3-Minute Brief] 원본보기 아이콘

○Interview with Sivakumar, Senior Fellow at CSIS

○He pointed out, "This is not an issue that can be resolved in the short term."

○Cooperation among allied countries is essential.

the Chart: Samsung C&T, expectations for shareholder returns on top of subsidiary value... Stock settles at 250,000 won
President Lee Criticizes Government Practice: "Non-Regular Workers Should Be Paid More for the Same Work" [3-Minute Brief] 원본보기 아이콘

○Samsung C&T stock continues its upward momentum.

○It rose 3.07% the previous day and has gained over 11% this month.

○A new shareholder return policy will be announced next year.

Today's Key Schedule

Domestic

08:00 Unemployment rate (November)

Pescaro to be listed on KOSDAQ, confirmed offering price: 15,500 won

RGnomics KOSDAQ subscription, confirmed offering price: 22,500 won

IBKS No. 25 SPAC KOSDAQ subscription, confirmed offering price: 2,000 won

Mirae Asset Vision SPAC No. 11 subscription, expected offering price: 2,000 won


Overseas

00:00 U.S. Department of Labor JOLTS (Job Openings and Labor Turnover Survey) (October)

00:00 U.S. Leading Index (MoM) (September)

03:00 U.S. 10-year Treasury auction

06:30 U.S. API weekly crude oil inventory

10:30 China Consumer Price Index (MoM) (November)

19:55 Speech by European Central Bank President Lagarde

◇Lunch & Evening Commute Weather
○Lowest temperature: 1℃ (3) |Highest temperature: 10℃ (2℃)
○Chance of precipitation: 20% in the morning, 30% in the afternoon
○Fine dust: Good in the morning, good in the afternoon
President Lee Criticizes Government Practice: "Non-Regular Workers Should Be Paid More for the Same Work" [3-Minute Brief] 원본보기 아이콘

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