Average Retirement Age 55, Minimum Living Expenses 2.51 Million KRW/Month [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Driving Scores: "4050 Men Rank Highest"
② BIS Secretary-General: "Korea Needs to Lower Housing Prices"
③ Semiconductor Companies Entering China Face Crisis

MARKET INDEX : Year to Date

- This week's stock market likely to slow its rise as it approaches resistance zone
- KOSPI, which had risen for 4 consecutive weeks, falls below 2500 again
- Time to ease overheating concerns and digest supply

TOP 3 NEWS

■ "Average Retirement Age in Korea is 55, Minimum Monthly Living Cost for Old Age is 2.51 Million KRW"

- '2023 KB Golden Life Report' surveyed 3,000 people
- Important factors for old age life: Health (35.7%), Economic Power (30.1%)
- Average desired retirement age of Korean households is 65, 10 years earlier

■ BIS Secretary-General: "Korean Housing Prices Need to Be Lowered... Household Debt Monitoring Necessary"

- Korea's household debt in Q2 this year at 101.7%, among the highest globally
- Concern that high financial debt could worsen financial vulnerability
- Domestic neutral interest rate expected to decline due to aging and other factors

■ In Korea, Men in Their 40s-50s Drive Best... Which Age Group Drives Worst?

- T Map Mobility analyzed average driving scores by age group
- Men peak in their 40s-50s... Women show steady improvement
- Early to mid-20s men are the worst drivers

Graphic News: Are Korean Semiconductor Companies Exiting China?

- Over 40% of semiconductor companies in China have seen operating rates plummet
- Causes include intensified competition, US-China disputes, rising production costs
- Increasing consideration of withdrawal or relocation... 69% of relocation targets are Southeast Asia

the Chart: Powerhouse of Secondary Battery Patents

- Domestic NCM cathode material companies are building capabilities through R&D
- Including lithium solid-state batteries, lithium metal batteries, lithium-sulfur batteries
- Most secondary battery patents are held by Korea, China, and Japan... a competitive landscape among the three

Term in the News: Central Bank Digital Currency 'CBDC'

- Applies the same exchange rate as existing currency... no risk of value fluctuation
- Anonymity decreases when central bank manages CBDC accounts and transaction records
- Using complex blockchain technology increases security and transparency

Today's Key Schedule

○ Domestic
- 08:00 Emergency Economic Ministers' Meeting of Government Departments
- 14:00 Meeting among Financial Services Commission, Financial Supervisory Service, and Bank CEOs
- 15:30 Ministry of Science and ICT announces ‘R&D Innovation Plan’ and ‘Global R&D Promotion Strategy’
- KNS public subscription / offering price 23,000 KRW

○ Overseas
- 10:30 China Industrial Profits
- 20:00 France Total Job Seekers
- 22:00 US Building Permits and Housing Starts
- 23:00 ECB President Lagarde Speech
- 00:00 (28th) US New Home Sales

◇ Lunch & Commute Weather

○ Lowest Temperature: 4℃(▲1℃) ｜ Highest Temperature: 12℃(▲3℃)
○ Precipitation Probability: Morning 60%｜Afternoon 30%
○ Fine Dust: Morning Good｜Afternoon Moderate

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