The Return of the US Earnings Season... Companies to Watch for Seohak Gaemi [3-Minute Brief]

Published 15 Oct.2024 08:00(KST)

Updated 19 Jan.2025 11:15(KST)

[At a Glance]
①Korean Air fined 180 billion KRW by Russia for missing customs stamp
②Steel industry’s carbon neutrality challenge finds solution in 'hydrogen'
③Samsung focuses on HBM4… Icebreaker to overcome semiconductor downturn

MARKET INDEX
The Return of the US Earnings Season... Companies to Watch for Seohak Gaemi [3-Minute Brief] 원본보기 아이콘

○ New York stock market's three major indices all closed higher
○ Investor sentiment recovers amid tech stock rally led by Nvidia
○ Dow Jones hits 43,000 for the first time, an all-time high

TOP 3 NEWS
■ U.S. Q3 Earnings Season Begins…Will Interest Rate Cuts Provide Tailwind?
○ Major banks to report earnings this week
○ Netflix, Procter & Gamble, and others
○ Companies indicating consumer trends also in focus
■ Korean Air Fails to Obtain Customs Stamp…Sudden 180 Billion KRW Fine in Russia
○ "Fine is unfair" claim rejected
○ Additional fines due to non-payment… "Another 120 billion KRW"
○ Stopover in Russia en route to Germany caused the issue
■ Steel Industry’s Carbon Neutral Challenge Finds Answer in 'Hydrogen'
○ Using hydrogen instead of coal as a reducing agent in blast furnaces
○ Europe uses shaft reduction… POSCO uses fluidized reduction
○ Challenges include hydrogen price normalization and securing large-scale electricity
the Chart : Samsung Focuses on HBM4…Icebreaker to Navigate Semiconductor Business Winter
The Return of the US Earnings Season... Companies to Watch for Seohak Gaemi [3-Minute Brief] 원본보기 아이콘

○ Expanded development team for 6th generation HBM
○ Accelerating development to secure market leadership
○ Maintaining mass production target for the second half of next year

Profitable Law
The Return of the US Earnings Season... Companies to Watch for Seohak Gaemi [3-Minute Brief] 원본보기 아이콘
■ “Class Action Lawsuits Should Be Handled by a Single Court”
○ "Reduces litigation costs and encourages participation of small-scale victims"
○ "Prevents differing conclusions depending on the court"
○ Some opinions argue that one court handling all cases is inappropriate
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024101414100463481
■ First Proposal for Unified Notation of Foreign Courts
○ Proposal for unified Korean notation of foreign courts and international organizations
○ 14 judges including 13 writers and 1 editor participated
○ "Aims to reduce confusion caused by incorrect translations"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024101414150386531
■ Defense Acquisition Program Administration Lost 714.7 Billion KRW in Lawsuits Over 6 Years, 608 Billion KRW Paid to Law Firms…Number of Cases Increasing Annually
○ Defense Acquisition Program Administration shifted responsibility for lawsuit outcomes to private sector
○ Largest loss amount in a lawsuit… about 150.5 billion KRW
○ Criticism over waste of taxpayers’ money due to lawsuit losses
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024101414204105959

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

Terms in the News: Nobel Prize Selecting Institution ‘Hanlimwon’ or 'Hakssulwon'…What Is the Origin of the Name?

○ Hanlimwon (翰林院) was an academic institution during China’s Tang Dynasty
○ Although 'Academy' is not translated as Hanlimwon in Korean
○ Hanlimwon can be used interchangeably depending on context

Today’s Key Schedule

○Domestic

08:55 September Trade Balance

15th KOSDAQ C-MES subscription, public offering price 30,000 KRW

15th KOSDAQ HNS Hightech subscription, public offering price 22,000 KRW


Jeonnam Hadang Le Parc Signature

Gyeonggi Jarasum Sujain River Festa


○Overseas

03:00 U.S. September Federal Budget Balance

15:00 U.K. August Unemployment Rate

15:45 France September Eurozone Harmonized Consumer Price Index

18:00 Eurozone August Industrial Production

18:05 Germany October ZEW Economic Sentiment Index

21:30 U.S. October New York Empire State Manufacturing Index

21:30 Canada September Consumer Price Index


◇ Lunch & Commute Weather
○ Lowest temperature 17℃(0℃) ｜ Highest temperature: 23℃(0℃)
○ Precipitation probability morning 60%｜afternoon 30%
○ Fine dust morning good｜afternoon moderate
The Return of the US Earnings Season... Companies to Watch for Seohak Gaemi [3-Minute Brief] 원본보기 아이콘

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



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