Annual Salary Gap of 10 Million KRW Between High School and College Graduates [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Next Year's Real Estate Official Price Frozen Again
② Secondary Battery Stocks, Is Next Year a Harsh Winter?
③ Southeast Asia Golf Packages Up 400%

MARKET INDEX

- US New York's three major stock markets closed higher in a narrow range
- Optimism continues that the Federal Reserve (Fed) will pause interest rate hikes
- US stock markets closed on the 23rd (local time) for Thanksgiving Day

TOP 3 NEWS

■ Next year's real estate official price realization rate frozen again... Property tax burden reflects market price only

- The ratio of official price to market price remains at 2020 levels for the second consecutive year
- Accordingly, next year's property holding tax will only reflect market price fluctuations
- Ministry of Land, Infrastructure and Transport expects the freeze on realization rate to reduce citizens' tax burden

■ Secondary battery stocks, is next year really tough?

- Forecast that the secondary battery sector will remain sluggish until the first half of next year
- Concerns over slowing electric vehicle demand and popularity of LFP batteries
- Heavy burden on domestic secondary battery industry focused on NCM cells

■ How much is your university diploma worth?

- Average annual salary gap between domestic high school and university graduates is 10 million KRW
- Master's degree holders have the highest average salary at 69.26 million KRW
- Significant differences in starting salaries by education level... fueling educational inflation

Graphic News: "Up to 400%↑"... Southeast Asia golf packages in full swing

- Winter season is the off-season for major golf courses nationwide
- Travel agencies see increased bookings for golf travel products
- Southeast Asia preferred over Japan due to higher airfare and green fees in Japan

the Chart

- Korea has the highest number of domestic patent applications relative to GDP worldwide
- Ranked first for five consecutive years since 2018, reflecting strong public interest in patents
- "Considering global economic uncertainties, continuous discovery of intellectual property is necessary"

Money-Making Law

■ 'State manipulation' K-Sports Foundation loses multiple lawsuits over contributions

- Out of 39 lawsuits related to contributions, 27 cases with first-instance rulings resulted in losses for the foundation
- Recently, the foundation was ordered to pay 2.15 billion KRW in a lawsuit against SK Telecom
- The foundation may file for bankruptcy after returning corporate contributions
☞Read more: https://m.asiae.co.kr/article/2023112216020506188

■ Investigation into KT-Hyundai 'reciprocal investment suspicions'

- The link between KT and Hyundai is Hyundai AutoEver, Hyundai's software affiliate
- Spark & Associates (now Open Cloud Lab) is a major client
- Prosecutors suspect breach of trust during repeated investments between the two companies
☞Read more: https://m.asiae.co.kr/article/2023112216231886180

■ Only one 'Senior Judicial Researcher'... 1 in 3 promoted to Supreme Court Justice

- Senior Judicial Researchers review cases and add their opinions before reporting to Supreme Court Justices
- There have been 19 Senior Judicial Researchers including current ones; only 4 continue working in courts
- "Organizational management, case review ability, and communication are important; a position for judges excellent in legal reasoning"
☞Read more: https://m.asiae.co.kr/article/2023112304020772696

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

Terms in the News: Charles III's gift 'Laphroaig Whiskey'

- A representative peated whiskey brand produced in Scotland
- Laphroaig means 'beautiful wetland of a broad bay'
- Made from vegetation compressed in water sediments... unique flavor

Today's Key Schedule

○ Domestic
- 10:00 Lee Chang-yong, Bank of Korea Governor, dialogue with BIS Secretary-General
- 14:00 Ministry of SMEs and Startups, breaking down small business alley regulations
- 14:30 Korea Women in Science and Technology Conference
- 17:00 Lee Bok-hyun, Financial Supervisory Service Commissioner, 70th anniversary ceremony of Korea Financial Investment Association
- Korea Exchange '2023 KONEX Listed Companies Joint Investor Relations Meeting'
- Korea Customs Service & Korean Intellectual Property Office 'K-Brand Intellectual Property Protection Briefing'

○ Overseas
- 18:00 Eurozone November Markit/Manufacturing/Services Composite Purchasing Managers' Index
- 18:30 UK Composite/Manufacturing/Services Purchasing Managers' Index
- US Thanksgiving Day holiday
- Japan Labor Thanksgiving Day holiday
- Collective Security Treaty Organization (CSTO) Summit Meeting

◇ Lunch & Commute Weather

○ Lowest temperature 9℃(▲5℃) ｜ Highest temperature: 14℃(▼1℃)
○ Precipitation probability: 0% in the morning｜60% in the afternoon
○ Fine dust: Bad in the morning｜Bad in the afternoon

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