AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief]

Published 28 Jun.2024 08:00(KST)

Updated 19 Jan.2025 11:03(KST)

[At a Glance]
①Longest Ever US Interest Rate Inversion, Will It Resolve?
②Beijing Also... Real Estate Pride Broken
③Battery Factory Fire, Is Electric Vehicle Safe?

MARKET INDEX
AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief] 원본보기 아이콘

- US New York Stock Exchange's three major indices closed slightly higher
- Improved investor sentiment due to slowing labor market
- Naver Webtoon, listed on Nasdaq, rose 10%



TOP 3 NEWS
AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief] 원본보기 아이콘
■ Longest-ever US long- and short-term interest rate inversion... Will it start resolving in the second half?
- Speculation about interest rate cuts starting in September
- Presidential race also intensifies
- Biden and Trump focus on fiscal spending
■ "South Korea lags in the '152 trillion' AI market... Secures only 2,500 out of 480,000 global talents"
- KIAF holds the 53rd Industrial Development Forum
- AI technology and workforce both lag behind major countries
- "Proactive response over waiting, leadership is key"
■ Even Beijing's real estate market softens... Downward adjustment of deposit ratios and interest rates
- Last first-tier city to ease policies
- "Positive signal, reduces purchasing burden"
- Chinese central government to implement 'New Deal Policy' in May


Graphic News: Battery factory fire raises anxiety over electric vehicles
AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief] 원본보기 아이콘

- Anxiety deepens after factory fire in Hwaseong, Gyeonggi Province... Electric vehicle purchases also 'hesitate'
- Lithium battery experiences 'thermal runaway' phenomenon, temperature soaring to 1000 degrees Celsius in seconds
- "Charge batteries only up to 85%, avoid using fast chargers, recommend above-ground parking"



the Chart: Manufacturing business sentiment hits highest in 22 months
AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief] 원본보기 아이콘

- Manufacturing Business Sentiment Index at 97.4, up 3 points from previous month
- Highest since August 2022's 102.1 after 22 months
- Semiconductor export performance drives growth... Non-manufacturing also up 2.5 points



Terms in the News: Overseas Koreans' visas 'F4·H2' seen through the Arisel tragedy
AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief] 원본보기 아이콘

- F4 visa granted to those who have Korean nationality but acquired foreign nationality
- H2 visa issued to overseas Koreans aged 18 or older holding nationality from former Soviet countries
- F4 allows relatively free domestic activities... H2 permits employment only at special employment companies



Today's Key Schedule

○ Domestic
- 08:00 May Industrial Production
- 08:00 May Retail Sales
- 28th KOSDAQ HVM listing, offering price 18,000 KRW


○ Overseas
- 08:30 Tokyo, Japan June Core Consumer Price Index
- 08:30 Japan May Unemployment Rate
- 15:00 UK Q1 GDP
- 15:00 Germany May Retail Sales
- 15:45 France Eurozone Harmonized Index of Consumer Prices
- 16:55 Germany June Unemployment Rate
- 21:30 US May Personal Consumption Expenditure Price Index

◇ Lunch & Commute Weather
○ Lowest temperature 21℃(▲1℃) ｜ Highest temperature: 32℃(▼1℃)
○ Precipitation probability Morning 0%｜Afternoon 0%
○ Fine dust Morning Moderate｜Afternoon Moderate
AI Talent 0.5%... 480,000 Worldwide vs 2,500 in Korea [3-Minute Brief] 원본보기 아이콘

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



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