[3-Min Brief] Bitcoin Soars Riding the ETF Tailwind

[3-Min Brief 3-Second Summary]
Securities Firms' Bonuses '82 Billion Won' Despite Poor Performance
Bitcoin Surpasses $34,000 in One Week
South Korea Anxious Over Israel's 350 Billion Won Investment

TOP 3 NEWS

■ iPhone 15 Teardown Reveals... 30% of Components 'Made in Korea'

- 4.6%p increase compared to previous model 14... Thanks to additional secured 'OLED' supply
- First-ever iPhone 'Folded Camera' supplier is Korean LG Innotek
- iPhone 15 profit margin declined compared to 14... Due to price freeze policy

■ "Bonuses Rise Even with Lower Performance"... Securities Firms' Bonus Fest

- Top 10 securities firms paid 301.8 billion KRW in bonuses to employees over the past 5 years
- Bonus amounts increased every year... 46.9 billion KRW in 2018 → 82.0 billion KRW in 2022
- Criticism that 'bonus fest' was inappropriate amid concerns over real estate PF defaults

■ Advanced Countries Opening Doors Amid Low Birthrate and Aging Population... "Last Year’s Immigrants Hit Record High"

- Total of 6.1 million overseas immigrants flowed into 38 OECD countries
- Labor force decline worsened due to low birthrate and aging... Employment immigration increased
- Flow of overseas labor force into advanced countries expected to accelerate

MARKET INDEX

- All three major stock markets closed higher... Big Tech earnings expectations
- Coca-Cola, Spotify, GM earnings exceeded forecasts
- Treasury yields that increased volatility stabilized around 4.81%

The chart : [Bitcoin Now]

- Bitcoin price reclaimed $34,000 level within a week
- Investor sentiment recovered amid growing expectations for spot ETF approval
- If successfully listed, it will be effectively recognized as a regulated asset

Graphic News: Korea Invested 350 Billion KRW in Israel Over 10 Years, But...

- Korea’s cumulative FDI to Israel from 2014 to 2023 totaled 347.6 billion KRW
- Mainly R&D cooperation combining Israel’s basic science and Korean manufacturing technology

- Risk of research facility damage and operational disruption increases if armed conflict expands

Terms in the News: Israel’s Failed 'Grass Cutting Strategy'

- Israel’s Hamas strategy of punishing small provocations but avoiding large-scale war
- So far, Israel has responded only when Hamas provocations exceeded a certain level
- However, Israel’s deterrence policy failed due to Hamas’s recent large-scale terror attack

Today’s Key Schedule

○ Domestic
- 24~25 KOSDAQ KB No.27 SPAC subscription, fixed public offering price 2,000 KRW

○ Overseas
- 23:00 US September New Home Sales
- 23:30 US Crude Oil Inventories

◎ One-line comment: Since the US 10-year Treasury yield and mortgage rates move in tandem, new home sales are an important indicator to gauge the impact of high interest rates on the economy.

◇ Lunch & Commute Weather

○ Lowest temperature 13℃(▲1℃) ｜ Highest temperature: 22℃(▲3℃)
○ Precipitation probability morning 30%｜afternoon 20%
○ Fine dust morning moderate｜afternoon moderate

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