[3-Min Brief] 30 Million Won Whiskey Sold Out During High-Inflation Holiday

[3-Min Brief 3-Second Summary]
Stock Manipulation Will Lead to Ruin
Market Expected to Remain Cautious Ahead of Holiday
Prepare About 200,000 Won for Chuseok Allowance

Two-line News

■ ‘Who would buy this?’ But... Whiskeys worth 30 million won sold out
○ Department stores release gift sets worth tens of millions to hundreds of millions won every holiday season
○ Premium competition and marketing effect even if they don't sell well
☞Read more: https://m.asiae.co.kr/article/2023092208151002326

■ Light punishment for stock price manipulation abolished... Financial authorities to impose fines
○ Enforcement decree of the Capital Market Act amendment announced for legislation... Fines also imposed on three major unfair trades
○ Sentencing standards specify 'unjust profit calculation formula'... Fine reduction for voluntary reporters
☞Read more: https://www.asiae.co.kr/article/2023092217453274007

■ 'No money to use when taking parental leave'... Income halved
○ Parental leave pay income replacement rate only in the 40% range... OECD lower tier
○ Although the possible parental leave period is relatively long, actual usage rate is among the lowest
☞Read more: https://m.asiae.co.kr/article/2023092416001826017

■ “Patriotism and Apple are separate”… Chinese people's undeniable love for iPhone
○ Visited the iPhone 15 sales site in Beijing, atmosphere like a ‘festival’
○ Some shouted for ‘Huawei’, but majority remained unmoved
☞Read more: https://m.asiae.co.kr/article/2023092215105916479

■ [Weekly Market Outlook] Cautious stance to strengthen ahead of the holiday
○ Many indicators to be announced during the holiday period, strong tendency to check before moving
○ US FOMC ‘hawkish hold’ strengthens downward pressure... International oil prices also near yearly highs
☞Read more: https://m.asiae.co.kr/article/2023092216270785388

MARKET INDEX

○ The market is expected to pay close attention to news related to the US political budget agreement
○ Challenges include US federal government 'shutdown' concerns, auto strikes, rising bond yields and oil prices
○ New York's three major indices fell for three consecutive weeks... The last week of September is usually a poor-performing week

‘PICK’ of a 3 Billion Won Asset Holder

※ Why did they buy?
○ POSCO DX: POSCO Group's large-scale investment decision in secondary battery and other new growth industries
○ Rainbow Robotics: Growing attention from large corporations on robots, notable growth trend

Graphic News: Preparing 200,000 won for Chuseok pocket money

○ Examining the amount of pocket money sent to elders via KakaoPay
○ Average 170,000 won for 20s, 210,000 won for 30s, 230,000 won for 40s
☞Read more: https://m.asiae.co.kr/article/2023092308503612556

Person in the News: Lachlan Murdoch, eldest son of the ‘media tycoon’

*Person on the left in the photo

○ 92-year-old ‘media tycoon’ Rupert Murdoch announces stepping down as chairman
○ Conservative supporter of Trump... Oversees Fox, Wall Street Journal, The Sun, etc.
☞Read more: https://m.asiae.co.kr/article/2023092209431805776

Attention! Today's Schedule

○ Domestic Major Schedule
- Inwave Systems to be listed on KOSDAQ, public offering price 24,000 won
- Goyang City Goyang Janghang A2 (Newlywed Hope Town) first priority subscription
- Cheongju City ‘The Sharp Ochang Prestige’ first priority subscription
- Ministry of Land, Infrastructure and Transport housing supply measures on 25-26th

○ Overseas
- US Blinken keynote speech at KF-CSIS Korea-US Strategic Forum
- China-Europe high-level economic and trade dialogue
- Japanese Prime Minister announces economic measures to reduce household burden
- IAEA 67th General Conference (until 29th, Vienna, Austria)

◇Lunch & Commute Weather

○ Lowest temperature 17℃ (1℃▲) ｜Highest temperature: 25℃ (1℃▼)
○ Precipitation probability morning 60%｜afternoon 60%
○ Fine dust morning good｜afternoon good

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