Everyone Saying "Apartment, Apartment"... Household Debt Nears 2,000 Trillion Won [3-Minute Brief]
Published 20 Nov.2024 08:00(KST)
Updated 19 Jan.2025 11:20(KST)
[At a Glance]
① "Trump Trade Valid Until Mid-January Next Year"
② Group Photo at G20 Without Biden, Xi Jinping at Center
③ Insurers Raising Capital Amid Interest Rate Drops and Accounting Changes
MARKET INDEX : Year to date
![Everyone Saying "Apartment, Apartment"... Household Debt Nears 2,000 Trillion Won [3-Minute Brief]](http://www.asiae.co.kr/news/img_view.htm?img=2024112007254116734_1732055141.png)
- Ukraine fires long-range missiles at Russian mainland
- Nvidia surges 4.89% after earnings release on the 20th
- Government bond yields fall amid increased demand for safe-haven assets
Top3 NEWS
■ Household debt exceeds 1,900 trillion won in Q3, 'All-time high'
- Bank of Korea managing within nominal GDP growth rate
- Household debt growth expected to slow in Q4
■ "Trump trade validity period until mid-January next year"
- Earnings-driven leading stocks likely to be re-evaluated
- Subsequent moves depend on specific policy actions
■ Group photo at G20 without Biden... Xi Jinping at the center
- Absent from Brazil G20 due to 'tardiness'
- Group photo centered on President Xi Jinping
Graphic News: LH Dongtan 2 New Town 'Comprehensive Hospital Construction Package Development Project'
![Everyone Saying "Apartment, Apartment"... Household Debt Nears 2,000 Trillion Won [3-Minute Brief]](http://www.asiae.co.kr/news/img_view.htm?img=2024112007282416738_1732055304.jpg)
- Package supply of medical facility land and mixed-use residential-commercial land... first project model in the new town
- Medical corporations operating general hospitals with at least 700 beds must participate
- LH expects improved access to medical services and attraction of related industries creating jobs
the Chart: Insurers raise capital amid 'interest rate decline' and 'accounting changes'
![Everyone Saying "Apartment, Apartment"... Household Debt Nears 2,000 Trillion Won [3-Minute Brief]](http://www.asiae.co.kr/news/img_view.htm?img=2024112007290016739_1732055340.jpg)
- Insurers raised 5.13 trillion won through subordinated bonds and hybrid capital securities
- Kyobo Life Insurance issued 700 billion won subordinated bonds for the first time in 19 years... highest this year
- Expected to increase further due to interest rate decline and financial authorities' improvement announcements
Terms in the News: Overtourism in Bukchon, solution is 'sustainable tourism'
- Residents of tourist sites complain of discomfort and distress due to visitors exceeding capacity
- Tourism form prioritizing economic, social, environmental impacts and residents' lives and employment
- Pursuing sustainable tourism with 'residence first' approach... keywords are understanding, dispersion, and restraint
Today's Key Schedule
○Domestic
06:00 October Producer Price Index
20th KOSDAQ Daishin Balance No.19 SPAC listing, offering price 2,000 won
20th KOSDAQ Witz listing, offering price 6,400 won
Gyeonggi ePyeonhansesang Ilsan Mayfore (Complex 3)
Gyeonggi ePyeonhansesang Ilsan Mailfore (Complex 1)
Chungbuk Cheongju Technopolis Hildeheim The One (S3)
Chungbuk Cheongju Namju Daewon Cantaville De Ciel
Daejeon Dunsan Elif The Central
○Overseas
06:30 American Petroleum Institute Weekly Crude Oil Inventory
08:50 Japan October Trade Balance
10:15 People's Bank of China November Loan Prime Rate
16:00 UK October Consumer Price Index
22:00 Lagarde, President of the European Central Bank, speech
◇Lunch & Commute Weather
○ Precipitation probability 30% in the morning｜40% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon
![Everyone Saying "Apartment, Apartment"... Household Debt Nears 2,000 Trillion Won [3-Minute Brief]](http://www.asiae.co.kr/news/img_view.htm?img=2023091807340578768_1694990044.png)
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