From Import Car Graveyard to Cradle... Hyundai's Insight on 'De-Chinaization' [3-Minute Brief]

Published 05 Sep.2024 08:00(KST)

Updated 19 Jan.2025 11:11(KST)

[At a Glance]
① US, China EV Fire Probability Lower Than Gasoline Cars
② US DOJ Summons Nvidia... AI Chip Antitrust Investigation
③ Financial Supervisory Service Chief "Mortgage Repayments Prioritized for Genuine Borrowers"

MARKET INDEX
From Import Car Graveyard to Cradle... Hyundai's Insight on 'De-Chinaization' [3-Minute Brief] 원본보기 아이콘

- US New York Stock Exchange's three major indices closed mixed

- July job openings hit lowest in three and a half years

- Nvidia fell 1.7% again following the previous day

TOP 3 NEWS
■ EV fire probability in US, China, Norway lower than internal combustion engine vehicles
- US insurer's investigation by fuel type
- 2.51 cases vs 153 cases per 10,000 vehicles
- In China, 10.96 cases vs 1.5 cases
■ US Department of Justice issues subpoena to Nvidia... AI chip antitrust investigation planned
- Investigation into Nvidia's antitrust violations
- Nvidia controls 90% of AI semiconductor market
- "Using competitors' products may disadvantage customers"
■ Financial Supervisory Service chief: "Monthly 12 trillion KRW bank mortgage loan repayments should be lent first to real demand borrowers"
- On the 4th, on-site meeting with household loan real demand borrowers
- "Concerns about balloon effect, financial sector cooperation needed"
- "Firmly maintain household loan management policy"
Graphic News: 'Import car graveyard' China dependence ↓… Hyundai's masterstroke
From Import Car Graveyard to Cradle... Hyundai's Insight on 'De-Chinaization' [3-Minute Brief] 원본보기 아이콘

- Sales plummeted after THAAD incident… lowered dependence on China

- Targeting emerging markets in US, Europe, India, Latin America

- Asset restructuring according to sales volume… factory sales

Law That Pays
From Import Car Graveyard to Cradle... Hyundai's Insight on 'De-Chinaization' [3-Minute Brief] 원본보기 아이콘
■ Startups angry over 'Stock Eat-and-Run Prevention Act'
- Expanded to pre- and post-disclosure system… report at least 30 days in advance
- Startups: "Stock options are a great motivator… hard to attract talent"
- "Intention is to inform in advance to avoid losses… burden must be accepted"
☞Read article: https://www.asiae.co.kr/article/2024090414085120919
■ Punishment for embezzling gambling funds through 'ghost accounts'
- Guilty verdict under 'Act on the Regulation of Concealment of Crime Proceeds'
- Possible punishment for 'pressing' crime of intercepting ghost account money
- Strengthened punishment for account holders… confiscation and recovery of gambling funds
☞Read article: https://www.asiae.co.kr/article/2024090414152866228
■ "T-mep M&A expected in first half of next year" - Attorney Choi Hyo-jong participating in rehabilitation procedure association
- Attorney Choi: "Concerns about mass defaults if ARS extended… urgent suspension needed"
- Private equity submitted non-disclosure letter of intent (LOI) assuming rehabilitation
- "M&A expected to be completed in first half of next year after rehabilitation starts"
☞Read article: https://www.asiae.co.kr/article/2024090414202693815

※ 'Law That Pays', a content partnership corner between Asia Economy and Legal Newspaper, is published every Tuesday and Thursday.

Term in the News: Deepfake-based technology 'Generative Adversarial Network (GAN)'
Speech video of former U.S. President Obama created using GAN technology. Photo by YouTube

Speech video of former U.S. President Obama created using GAN technology. Photo by YouTube

원본보기 아이콘

- AI competition reduces errors… performance improves through learning

- Nvidia releases 'images of non-existent people'

- Misused for digital sex crimes… countries propose countermeasures

Today's Key Schedule

○ Domestic

- 08:00 Q2 GDP


○ Overseas

- 05:30 US Petroleum Association weekly crude oil inventory

- 10:30 Australia July trade balance

- 21:15 US August ADP nonfarm employment change

- 21:30 US initial jobless claims

- 22:45 US August services PMI

- 23:00 US August ISM non-manufacturing PMI

◇ Lunch & Commute Weather
○ Lowest temperature 24℃(▲2℃) ｜ Highest temperature: 32℃(▼3℃)
○ Precipitation probability morning 60%｜afternoon 60%
○ Fine dust morning good｜afternoon good
From Import Car Graveyard to Cradle... Hyundai's Insight on 'De-Chinaization' [3-Minute Brief] 원본보기 아이콘

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