Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief]

Published 13 Feb.2024 08:00(KST)

Updated 19 Jan.2025 10:47(KST)

[At a Glance]
① Seoul Gasoline Price 1,700 Won... Fueling Inflation?
② Hit Success of Climate Companion Card, Will Its Scope Expand?
③ Buffett's 'IMC Group' Building Semiconductor Factory in Daegu

MARKET INDEX
Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief] 원본보기 아이콘

- US New York Stock Exchange's three major indices closed mixed
- January CPI inflation rate expected to slow down
- Key indicators such as retail sales also to be released soon



Top3 NEWS
Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief] 원본보기 아이콘
■ Seoul Gasoline Price Approaches 1700 KRW... Will Inflation Strike Back After Lunar New Year?
- International oil prices fluctuate due to prolonged Middle East conflict
- Seoul gasoline price nears 1700 KRW per liter
- Fuel tax reduction measures expected to end after Lunar New Year
■ Over 330,000 Climate Companion Cards Sold... How Far Does the Service Reach?
- Seoul City signs business agreements with other regions like Incheon and Gimpo
- Monthly unlimited transportation pass priced in the 60,000 KRW range, youth pass to be launched
- "Cooperation with neighboring local governments... benefits extended to metropolitan citizens"
■ Amazon Prime Video Secures Exclusive NFL Broadcast Rights... To Stream Next Season
- Amazon Prime subscription costs $139 annually
- Aggressively expanding content recently to gain subscribers
- NFL also chooses streaming to attract younger fan base


the Chart : Despite VC Winter, 'Petconomy' is Booming
Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief] 원본보기 아이콘

- Venture capital investment in pet industry increased by 88% last year
- 'Petconomy' industry thriving despite overall VC downturn
- Still in early stages compared to developed countries... more growth potential remains


Money-Making Law
Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief] 원본보기 아이콘
■ Law Schools Focused on Bar Exam Rather Than Legal Research... Professors Avoid Writing Papers
- Number of law students decreased since law schools were introduced
- Law school culture emphasizes lectures over research
- Career experience more advantageous than research for becoming a professor
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024021216095996901
■ Tenant Who Reversed Lease Renewal Request... When Does Lease Contract End?
- Supreme Court rules termination effective three months after notice
- "Three months counted after receiving termination notice, not after lease renewal period announcement"
- Return of remaining deposit also based on termination notice timing
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024021216132602017
■ Group That Remitted Trillions Overseas Targeting Coin 'Kimchi Premium'... Court Rules 'Not Guilty'
- Took advantage of higher prices on Korean virtual asset exchanges compared to overseas
- Prosecutors claimed violation of Foreign Exchange Transactions Act for unregistered foreign exchange business
- Court: "Money transfer processing differs from remittance... hard to consider them 'virtual asset operators'"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024021216153805027

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



Company in the News: Buffett's 'IMC Group' to Build Semiconductor Material Factory in Daegu
Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief] 원본보기 아이콘

- IMC Group, world's second-largest cutting tool company, to establish manufacturing facility in Daegu
- Company wholly owned by Berkshire Hathaway, Buffett's investment firm
- IMC Group invested 297.5 billion KRW in Daegu in three phases since 2008



Today's Key Schedule

○ Domestic
- 13th: KOSDAQ K-Weather subscription / IPO price 7,000 KRW
- 13th: KOSDAQ E8 subscription / IPO price 20,000 KRW
- 13th: KOSDAQ Kosem subscription / IPO price 16,000 KRW

○ Overseas
- 04:00 US January Federal Budget Deficit
- 09:30 Australia National Australia Bank January Business Confidence Index
- 16:00 UK December Unemployment Rate
- 16:30 Switzerland January Consumer Price Index
- 19:00 Germany February ZEW Economic Sentiment Index
- 22:30 US January Consumer Price Index


◇ Lunch & Commute Weather
○ Lowest temperature 4℃(▲8℃) ｜ Highest temperature: 14℃(▲5℃)
○ Precipitation probability: Morning 0%｜Afternoon 10%
○ Fine dust: Morning Good｜Afternoon Moderate
Startups and Large Corporations Both Hooked on the 'Petconomy' [3-Minute Brief] 원본보기 아이콘

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