K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief]

Published 10 Jun.2024 08:00(KST)

Updated 19 Jan.2025 11:00(KST)

[At a Glance]
① 'Donghae Gas Field Verification' Actgeo "High Potential"
② Europe and Canada Lower Interest Rates... When Will Korea Follow?
③ Government Deepens Low Birthrate Concerns, Supports Egg Freezing

MARKET INDEX : Year to date
K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief] 원본보기 아이콘

- This week's stock market direction depends on major US indicators
- FOMC results on the 12th, May CPI scheduled for the 13th
- Last week, KOSPI and KOSDAQ each rose by over 3%



TOP 3 NEWS
K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief] 원본보기 아이콘
■ Actgeo on 'East Sea Gas Field Verification': "High Potential... Global Oil Companies Also Paying Attention"
- Press conference at Government Sejong Complex on the 7th
- "Exploration success rate 20%, a high level"
- Deep-sea development technology and investment needed
■ Europe and Canada Lower Interest Rates... When Will Korea Follow?
- Eurozone base rate cut by 0.25 percentage points
- Inflation-unstable Korea expected to cut rates in Q4
- If the US cuts rates in Q3, Korea likely to follow immediately
■ Government Deeply Concerned About Low Birthrate, Considering Support for Egg Freezing
- Ministry of Economy and Finance, Ministry of Health and Welfare, and senior officials
- Reviewing for inclusion in next year's budget
- Egg freezing procedure costs around 3 million KRW


Graphic News: Half of 'Critical Mineral' Nickel Comes from Indonesia
K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief] 원본보기 아이콘

- Nickel, along with cobalt, manganese, and aluminum, is a key material for secondary battery cathodes
- Traditionally used mainly for stainless steel manufacturing... recently increasing share in secondary batteries
- Indonesia is the top country in reserves... once faced controversy over oversupply of Chinese smelting facilities



the Chart: 'Super Supplier' ASML's Soaring Stock Price
K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief] 원본보기 아이콘

- ASML, the sole producer of extreme ultraviolet lithography equipment, stock price up 44.1% since the beginning of the year
- Surpassed luxury brand LVMH to become the 2nd largest market cap... 1st is pharmaceutical company Vertex
- ASML's stock price expected to continue rising... BoA forecasts 35% increase



Person in the News: ASML's New Leader Caught Between China and the US
K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief] 원본보기 아이콘

- Dutch semiconductor equipment company ASML says, "Politics is not our role"
- The world's only manufacturer of extreme ultraviolet (EUV) lithography equipment, the 'super supplier'
- Walking a tightrope amid the semiconductor hegemony war between the US and China, breaking a sweat



Today's Key Schedule

○ Domestic
- 10th: KOSDAQ Mirae Asset Vision SPAC No.5 subscription / expected offering price 2,000 KRW
- 10th: KOSDAQ Korea SPAC No.14 subscription / offering price 2,000 KRW
- 10th: KOSDAQ Sears Technology subscription / offering price 17,000 KRW
- 10th: KOSDAQ Hanjoong NS subscription / offering price 30,000 KRW


○ Overseas
- 08:50 Japan Q1 GDP
- 08:50 Japan Q1 GDP deflator
- 18:30 Speech by Germany Central Bank President Nagel

◇ Lunch & Commute Weather
○ Lowest temperature 19℃(▲1℃) ｜ Highest temperature: 29℃(▲1℃)
○ Precipitation probability morning 20%｜afternoon 0%
○ Fine dust morning moderate｜afternoon moderate
K-Battery, Why It’s Eyeing Indonesia [3-Minute Brief] 원본보기 아이콘

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



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