Annual Salary 13 Billion Won, Hiring AI Experts [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① "AI-Driven Tech Stock Rally to Continue Until Next Year"
② US Debt Ratio Surge Sparks 'Default' Fear
③ Quiet Resignations End, 'Noisy Resignations' Begin

MARKET INDEX

- Consumer Price Index (CPI) closed higher than expected with all three major indices rising
- Expectations of the Fed's tightening cycle ending and strengthened Goldilocks optimism
- Increased preference for risk assets led to a weaker dollar... indices fell 1.5%

TOP 3 NEWS

■ "Annual salary of 13 billion KRW, come over here" US AI talent war

- Competition to recruit artificial intelligence (AI) engineers from Google, OpenAI, etc.
- Offered annual salaries between 6.6 to 13.2 billion KRW, with support for AI semiconductors
- OpenAI is attracting talent from big tech companies like Google and Meta

■ "AI-fueled tech stock rally to continue next year... Apple to rise 30%"

- Wall Street analyst Ives: "AI spending to increase by 20% next year"
- If unrealized gains are reflected in stock prices, Apple expected to rise 30%
- Views AI’s potential as comparable to the dawn of the internet era in 1995

■ Indian students flocking to the US surge 35%... "Quickly filling the gap left by China"

- Number of Indian students in the US increased by 35% in one year
- Contrasts with Chinese students showing a decline for three consecutive years
- Improved US-India relations and eased visa issues

the Map

- Hyundai Motor holds groundbreaking ceremony for Ulsan electric vehicle-only factory
- To serve as a 'mobility production hub for the electrification era'
- Annual capacity of 200,000 units... mass production targeted for Q1 2026

Graphic News: US engulfed by default fears

- Congressional Budget Office projects debt ratio to rise to 250% by 2053
- Deficits since 2001... social costs soaring due to aging population and medical expenses
- Treasury interest payments up 23% due to high interest rates... doubts over US debt repayment ability

Terms in the News: From Quiet Quitting to Loud Quitting

- Behavior of actively expressing dissatisfaction with workplace and tasks on social media while considering resignation
- 18% of US workers preparing for loud quitting... job changes easier due to labor shortages
- US economic magazine Fortune states, "Loud quitting has a much more negative impact than quiet quitting"

Today's Key Schedule

○ Domestic
- 08:00 South Korea Unemployment Rate (October)
- 08:00 Emergency Economic Ministers Meeting at Government Seoul Office
- 12:10 Prime Minister visits secondary battery company Korea Zinc (Ulju-gun, Ulsan)
- 15:00 SK Geocentric Ulsan ARC Groundbreaking Ceremony and On-site Meeting (Nam-gu, Ulsan)

○ Overseas

- Biden-Xi Jinping Summit (time TBD, San Francisco)
- 08:50 Japan Q3 GDP
- 11:00 China Fixed Asset Investment, Industrial Production, Retail Sales
- 16:00 UK Consumer Price Index (October)
- 19:00 Eurozone September Industrial Production
- 22:30 US Producer Price Index (October)
- 22:30 US Retail Sales (October)

◇ Lunch & Commute Weather

○ Lowest temperature 1℃(▲2℃) ｜ Highest temperature: 13℃(▲2℃)
○ Precipitation probability: Morning 0%｜Afternoon 20%
○ Fine dust: Morning Good｜Afternoon Good

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