IPO This Year Focused Only on Speculation Without 'Daeo' [3-Minute Brief]

Published 27 Dec.2023 08:00(KST)

Updated 19 Jan.2025 10:41(KST)

[At a Glance]
① Bleak Real Estate Outlook Next Year... Low Pre-sale Plans
② Won-Dollar Stabilizes at 1200 Won Level... Is King Dollar Fading?
③ K-Anode Materials' Exports Halved, Battery Industry Also Bleak

MARKET INDEX

IPO This Year Focused Only on Speculation Without 'Daeo' [3-Minute Brief]

- US New York Stock Exchange's three major indices closed higher in a narrow range
- Key issue is whether momentum for expectations of interest rate cuts will continue
- Next year's private apartment pre-sale plans at 75% of the 5-year average

TOP 3 NEWS

■ "Settling in the 1200 won range?" Won-Dollar Exchange Rate Enters a Quiet Phase... Is the King Dollar Era Ending?

- Downward pressure on exchange rate from interest rate cut expectations and confirmation of US economic weakness
- In Q3 this year, fluctuated around 1300 won after hitting the year's high of 1363.5 won
- However, even if the 'King Dollar' ends, Korea's weak fundamentals limit the impact of a weaker dollar

■ Korea's Growth in the 1% Range for Two Consecutive Years... "Concerns Over Entrenched Low Growth Increasing"

- LG Economic Research Institute forecasts domestic economic growth rate of 1.8% next year
- First consecutive sub-2% growth rate excluding global economic crises
- Below potential growth rate, affected by sluggish private sector, consumption, and investment

■ Old 10,000 Won Now Worth 100 Won... Argentina to Issue Highest Denomination Currency

- Current highest denomination 2000 pesos worth barely about 2 dollars
- Value against the dollar reduced to one-thousandth due to successive crises
- Milei government inevitably to issue new high-denomination banknotes

Graphic News: K-Cathode Materials Export Halved

- Battery companies accelerating overseas plant production cuts due to slowing electric vehicle demand

- Cathode material exports halved in four months... Average daily export weight down 40% year-on-year
- Impact of cathode material production cuts... Increased possibility of reduced battery cell production next year

the Chart: IPO Market Without Big Fish This Year

- 82 companies newly listed this year... 17.1% increase compared to last year
- Absence of 'big fish' public offerings... Impact of major countries' interest rate hikes
- Newly listed companies' stock price volatility on listing day fuels speculative trading

Terms in the News: Gyeongbokgung 'Graffiti Terror' and 'Vandalism'

- Acts of wantonly destroying or damaging cultural heritage or artworks
- Frequently occur during wars or rapid social changes
- Representative examples include China's Qin Shi Huang's 'book burning and burying of scholars' and Joseon Dynasty's Buddhist suppression policies

Today's Key Schedule

○ Domestic Major Schedule

- 06:00 December Consumer Confidence Index

- Seoul SI Palace Gangdong Centum II

- Gyeonggi Pyeongtaek Brain City Joongheung S Class (1BL)
- Gyeonggi Pyeongtaek Jije Station Ban Semiconductor Valley Ssangyong The Platinum (1BL)
- Gyeonggi Anseong Dangwang Gyeongnam Honorsville Highest (B1)
- Gyeonggi Maegyo Station Pallucid
- Chungnam Boryeong Ellice Heritage
- Gwangju Yeonje Advanced Kwangshin Progress
- Ulsan Youngwoo Trizium 2nd Phase
- Busan Dongnae Lotte Castle Signature
- Gyeongnam Gimhae Samgye Prugio Central Park

○ Overseas
- 03:00 US 2-Year Treasury Auction
- 14:00 Japan November Construction Orders
- 22:55 US Redbook Retail Sales Index

◇ Lunch & Commute Weather

○ Lowest Temperature -4℃(▼3℃) ｜ Highest Temperature: 6℃(▼1℃)
○ Precipitation Probability Morning 0%｜Afternoon 0%
○ Fine Dust Morning Moderate｜Afternoon Moderate

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.