Endemic Followed by 'Bindaemic' [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① "Bedbugs Coming by Delivery" Fear Spreads
② Industrial Large-Scale Electricity Rate Up 10.6 Won
③ Coupang, First Ever Quarterly 8 Trillion Won Sales Rocket

TOP 3 NEWS

■ Following the Endemic, 'Bindaemic'... "Bedbugs Coming in via Delivery"

- Fear spreading as bedbugs appear nationwide
- However, fake news related to bedbugs also causing controversy
- "Basic rules like shaking clothes outside should be followed"

■ Industrial Large-Capacity Electricity Rates Up 10.6 Won... Household and Commercial Rates Frozen

- "Stable financial management of KEPCO difficult without rate adjustment"
- Industrial (Class B) rates expected to rise by about 3.67 million won on average
- Household and general rates frozen considering burden on low-income groups

■ Exchange Rate Slightly Drops after Removal from Watchlist... Year-End Forecast at 1,370 Won

- Korea removed from exchange rate watchlist for the first time in over 7 years since 2016
- However, analysis suggests limited impact on exchange rate
- "Exchange rate expected to fluctuate around 1,300 won going forward"

MARKET INDEX

- Nasdaq up for 9 consecutive days, S&P 500 up for 8 consecutive days
- Investors closely watching Fed remarks and Treasury yields
- Oil prices down for 2 consecutive trading days... down 6.79% over two days

the MAP : Corporate Investment Map

- Announcement of support plans for corporate investment projects worth 46 trillion won
- Projects include Hanam K-pop performance hall, Sinan transmission towers, Ulsan petrochemical facilities, etc.
- Government searching for leased sites, revising laws, and mediating public-private conflicts

Graphic News: Coupang Fires Rocket with 8 Trillion Won in Sales

- Core business sales up, WOW customer base expanding, smooth sailing in Taiwan
- First-ever quarterly sales surpassing 8 trillion won, 5 consecutive quarters of profit
- "Confident in Taiwan's growth potential... opening export paths for SMEs"

Money-Making 'Law'

■ Where Did Mid-Level Prosecutors Who Left the Prosecution Go?

- Anti-corruption, financial, and securities specialists opened solo practices
- Public security and planning prosecutors prefer large law firms
- Increasing number of former prosecutors entering corporate legal sectors
☞Read article: https://m.asiae.co.kr/article/2023110815495368676

■ Prosecution Summons SPC Group Executive over 'Union Withdrawal Coercion'

- Prosecution summoned former SPC Group executive Baek on the 8th as a witness
- Coercion of Paris Baguette branch union members to withdraw and personnel disadvantages
- SPC Group headquarters and Chairman Heo Young-in raided on October 30
☞Read article: https://m.asiae.co.kr/article/2023110823575631920

■ [Interview] Lee Sun-hee and Jeon Joo-won, Former and Current Directors of Child Support Enforcement Agency

- "An institution protecting children's basic rights needs independence"
- To enhance expertise and fulfill the role of legal aid institutions
- Agreed that legislative discussion on 'Advance Child Support Payment System' is urgent
☞Read article: https://m.asiae.co.kr/article/2023110900101037695

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

Today's Key Schedule

○ Domestic
- 10:00 Bank of Korea Governor, Monetary Policy Committee Plenary Meeting
- 10:00 Supreme Court ruling on damages lawsuit against Oxy Reckitt for 'Humidifier Disinfectant' (Courtroom 2)
- 13:45 Korea-US Foreign Ministers Meeting

- 09:00 NHN, Q3
- 09:00 Netmarble, Q3
- 09:00 Kakao Q3 Conference Call
- 10:30 NCSoft, Q3
- Neowiz, Q3 (morning)
- Nexon, Q3 (afternoon)

- Dongin Giyun / Offering price 30,000 won
- Stormtech / Offering price 11,000 won

- Megatouch, BI Matrix, Contec, Qurocell

○ Overseas
- 10:30 China Consumer Price Index
- 18:00 European Central Bank Monthly Report
- 22:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest temperature 8℃(▲5℃) ｜ Highest temperature: 17℃(▲2℃)
○ Precipitation probability morning 20%｜afternoon 60%
○ Fine dust morning good｜afternoon good

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