Is the Distribution Throne Changing Hands? Coupang Chasing Shinsegae Closely [3-Minute Brief]

Published 29 Feb.2024 08:00(KST)

Updated 19 Jan.2025 10:49(KST)

[At a Glance]
① ETF Market Grows to 130 Trillion Won
② Apple Abandons Electric Vehicle Development
③ Cryptocurrency Market Cap Surpasses 2 Trillion USD

MARKET INDEX
Is the Distribution Throne Changing Hands? Coupang Chasing Shinsegae Closely [3-Minute Brief] 원본보기 아이콘

- US New York Stock Exchange's three major indices closed slightly lower
- Bitcoin surge digested ahead of inflation data release
- Seoul knowledge industry center transaction volume halved in two years



TOP 3 NEWS
Is the Distribution Throne Changing Hands? Coupang Chasing Shinsegae Closely [3-Minute Brief] 원본보기 아이콘
■ ETF Market Grown to 130 Trillion Won, New ETF Listings Doubled This Year
- Domestic ETF market nearly doubled compared to last year
- 23 new ETFs this year, twice last year's 12
- Bond and thematic ETFs strong, index ETFs fewer
■ "Apple Abandons 'Apple Car' Development After 10 Years, Focuses on AI"
- Limitations in achieving full autonomous driving as initially targeted
- Key personnel resigned and electric vehicle market weak
- However, limited impact on Apple stock price expected
■ Bitcoin Rise Pushes Total Cryptocurrency Market Cap Over $2 Trillion
- Led by the surge of Bitcoin, the leading cryptocurrency
- Surpassing Nvidia, the third largest market cap in New York Stock Exchange
- First time in two years cryptocurrency market cap exceeds $2 trillion


the Chart : Coupang Achieves First Ever Profit
Is the Distribution Throne Changing Hands? Coupang Chasing Shinsegae Closely [3-Minute Brief] 원본보기 아이콘

- Coupang recorded operating profit exceeding 600 billion won last year, first annual profit since founding
- Sales surpassed 30 trillion won, becoming No.1 in domestic retail industry, overtaking E-Mart and chasing Shinsegae
- With 14 million paid members, performance improvement expected to continue, but rapid rise of direct imports from China remains a challenge



Money-Making Law
Is the Distribution Throne Changing Hands? Coupang Chasing Shinsegae Closely [3-Minute Brief] 원본보기 아이콘
■ Lee Jin, CEO of Elbox, Introduces 'Elfind': "Lawyers Should Be Evaluated by Case Performance"
- Formerly at Kim & Chang law firm, founded a judgment document search service company in 2019
- Launched 'Elfind' allowing search for lawyers who handled similar cases
- "Frustrated by reliance on personal networks due to lack of information... felt the need for change"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024022820100323265
■ "Are You Crazy?" Company Fires Team Leader for Repeated Verbal Abuse and Swearing…Court Rules Dismissal Justified
- Team leader repeatedly verbally abused and sexually harassed team members
- Company disciplinary committee unanimously decided on dismissal
- Court ruled it constitutes workplace sexual harassment and bullying, disciplinary action justified
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024022820112429199
■ Collective Resignation of Residents Opposing Medical Student Increase: Four Legal Issues
- Doctors cannot refuse treatment without 'justifiable reason'…whether residents' strike qualifies
- Treatment delays without justifiable reason may constitute professional negligence causing injury or death…victims can file complaints
- Possibility of rulings or administrative sanctions requiring compensation for patients suffering aftereffects due to strike
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024022820133636604

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



Term in the News: Where is China's Economy Headed? The Political Event 'Lianghui' Attracting Global Attention

- Refers to the National People's Congress and the Chinese People's Political Consultative Conference held annually in early March in China
- Last year's work summary and this year's policy direction presented…China's largest political event
- Announces economic policy directions…CPPCC serves as a forum for political policy discussions



Today's Key Schedule

○ Domestic
- 29th: KOSDAQ Yuanta No.15 SPAC listing / IPO price 2,000 won
- 29th: KOSDAQ Eugene SPAC No.10 listing / IPO price 2,000 won

○ Overseas
- 00:30 US Crude Oil Inventory
- 08:50 Japan January Industrial Production
- 09:30 Australia January Retail Sales
- 14:00 Bank of Japan Core Consumer Price Index
- 16:00 UK Nationwide House Price Index
- 16:00 Germany January Retail Sales
- 16:45 France February Consumer Price Index
- 16:45 France Q4 GDP
- 17:55 Germany February Unemployment
- 22:00 Germany February Consumer Price Index
- 22:30 US January Personal Consumption Expenditure Price Index
- 22:30 US Initial Jobless Claims
- 22:30 Canada Q4 GDP
- 23:45 US Chicago February Purchasing Managers' Index (PMI)

◇ Lunch & Commute Weather
○ Lowest temperature 1℃(▼1℃) ｜Highest temperature: 9℃(▼1℃)
○ Precipitation probability 20% in the morning｜20% in the afternoon
○ Fine dust level Morning: Good｜Afternoon: Moderate
Is the Distribution Throne Changing Hands? Coupang Chasing Shinsegae Closely [3-Minute Brief] 원본보기 아이콘

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