Favorite Stocks of Financial Services Commission and Financial Supervisory Service Personnel [3-Minute Brief]

[At a Glance]
① 75% of Experts Say "Korea Will Cut Interest Rates in October" - First Cut in 4 Years and 5 Months
② Korea Zinc and Young Poong Precision Likely to Raise Tender Offer Price Above 35,000 Won
③ Naver Continues to Face Challenges Expanding Executives After Consecutive Female CEO Appointments

MARKET INDEX

- New York stock market's three major indices all closed lower

- Strong employment reduces possibility of a 'big cut'

- 10-year government bond surpasses 4%, investor sentiment also weakens

TOP 3 NEWS

■ 75% of experts say "Interest rates will be cut in October"…First cut in 4 years and 5 months

- Asia Economy survey on October Monetary Policy Committee
- 75% expect base rate cut in October
- Considering stable inflation and US rate cuts

■ Korea Zinc likely to raise Yeongpung Precision's public tender offer price by more than 35,000 won

- Decision on Korea Zinc's bid price increase expected this week
- Korea Zinc announces "borrowing 1 trillion won from own funds"
- Yeongpung intensifies 'money war' with MBK alliance

■ Naver appoints female CEOs consecutively…Expanding female executives remains a challenge

- Naver ranks 2nd in gender equality among top 100 companies
- Detailed care divided into 4 stages for pregnancy and childbirth
- Need to nurture female leaders in management and C-level positions

Graphic News: Favorite stocks of Financial Services Commission and Financial Supervisory Service families is Samsung Electronics

- Vice Chairman Kim So-young holds the most shares in the Financial Services Commission with 300 shares

- Strong preference for Samsung Electronics…holding for at least 2 years

- Estimated significant reduction in returns due to stock price decline

Money-Making Law

■ "Production control by Duck Association is not collusion"

- Representatives of 6 companies discussed voluntarily reducing duckling supply by more than 20%
- Duck Association sent official letter requesting active cooperation from member businesses
- Filed lawsuit against fine…"Supply and demand control falls under exceptional cases"
☞Read article: https://www.asiae.co.kr/article/2024100714105562616

■ Among outside directors of top 100 companies, 58 are legal professionals…22 are women

- Domestic businesspeople reluctant to take outside director positions at other companies…increased demand for professors and legal professionals
- Female legal professional outside directors account for 38% this year…influenced by Capital Market Act amendment
- 64% of legal professional outside directors are active law firm lawyers…'Preference for former officials' continues
☞Read article: https://www.asiae.co.kr/article/2024100714122572423

■ [Global Law Firm Report] "Lawyers' first workplace is the New York field"

- Cleary Gottlieb Seoul office stands out in capital markets and M&A
- Provided legal advice during the foreign exchange crisis…handling Korean government bond issuance since 2015
- "Hardcore training at New York headquarters provides practical experience…immediately involved in projects"
☞Read article: https://www.asiae.co.kr/article/2024100714183910351

※ 'Money-Making Law,' a content partnership corner between Asia Economy and Legal Times, is published every Tuesday and Thursday.

Numbers in the News: Defending total fertility rate of 0.7…Hope for reversal of low birthrate

[Source=Yonhap News]

- Number of births in July was 20,601…7.9% increase, highest in 17 years

- Some impact from real estate policies such as special supply for newlyweds and special loans for newborns

- President Yoon: "Since we have barely rekindled the rebound, we must unite more efforts…will devise measures"

Today's Key Schedule

○ Domestic

08:00 August current account balance

8th KOSDAQ Selbion subscription, public offering price 15,000 won

8th KOSDAQ Inspion subscription, public offering price 12,000 won

8th KOSDAQ Hankem subscription, public offering price 18,000 won

Daegu e-Pyeonhansesang Myeongdeok Station First Mark

Seoul Howstory Central Foret

Gyeonggi Prestige Xi

Incheon City OCEEL 6 Complex (5BL)

Gyeongnam Saha Gyeongnam Honorsville Signature

Gyeonggi Bucheon Atera Xi (B2)

Seoul Mapo Apit Urbanic

Busan Gwang-an Centum Vista Dongwon

○ Overseas

08:01 UK August Retail Association retail sales status

08:30 Japan August household expenditure

09:30 Australia monetary policy meeting minutes

15:00 Germany August industrial production

21:30 US August trade balance

21:30 Canada August trade balance

23:30 US Federal Reserve Bank of Atlanta Q3 GDP Now

◇ Lunch & Commute Weather

○ Lowest temperature 13℃(▼1℃) ｜Highest temperature: 24℃(▲1℃)
○ Precipitation probability morning 20%｜afternoon 10%
○ Fine dust morning moderate｜afternoon moderate

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