A World Where Even People in Their 50s Are Called 'Youth', Korea 2050 [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Next Year Housing Price Outlook, Rise Expected
② Samsung Electronics Establishes Future Business Planning Team
③ 2030 Expo Hosting Decision Finalized Today

MARKET INDEX

- US New York Stock Exchange's three major indices closed slightly lower amid a pause in the market
- E-commerce strength driven by rising Black Friday online sales
- This week’s schedule includes Personal Consumption Expenditures (PCE) data and Federal Reserve Chair remarks

TOP 3 NEWS

■ Youth population to drop to 11% by 2050... Unmarried rate surpasses 80% for the first time

- Statistics Korea analyzes changes in domestic youth generation through the Population and Housing Census
- Unmarried rate among youth generation at 81.5% in 2020... highest in 20 years
- Youth generation has been steadily decreasing since 2000, expected to be 11% by 2050

■ Housing prices expected to rise more than fall in the first half of next year

- Real Estate R114 conducts survey on housing market outlook for first half of 2024
- Proportion of respondents expecting price increases slightly exceeds those expecting decreases... first time in two years
- Change in base interest rate hike policy (30.42%) cited as reason

■ Samsung Electronics establishes Future Business Planning Group... "Changing the paradigm"

- Future Business Planning Group to operate directly under the CEO
- Aimed at responding to criticism that company’s growth engine has weakened
- Samsung SDI Chairman Jeon Young-hyun appointed as head

Graphic News: US Treasury Bonds on the Rebound

- Bloomberg US Treasury Index up 2.5% so far this month
- "Fed to pivot in first half... double-digit returns on bond investments"
- Cautious observers say 'Goldilocks' scenario may continue

the List: Securities Firms' IB Underwriting Performance

- KB Securities maintains top spot for 11 consecutive years in corporate bond underwriting
- Mirae Asset regains No.1 position in IPO underwriting with Doosan Robotics
- Rights offering underwriting performance led by NH, Korea Investment & Securities, and KB Securities

Money-Making Law

■ 19 years of ping-pong between Constitutional Court and Supreme Court, Anti-Corruption and Civil Rights Commission holds the key

- Tax litigation involving hundreds of billions of won remains unresolved for nearly 20 years
- Criticism that conflict between two institutions only harms the corporate litigants
- Anti-Corruption and Civil Rights Commission can issue recommendations citing 'protection of rights' and other reasons
☞Read article: https://www.asiae.co.kr/article/2023112714414829859

■ Seoul High Court civil case processing time shortened by over 2 months in one year

- More than 2 months faster compared to same month last year
- Reduced from 369.3 days to 301.6 days, about 68 days shortened
- Time to set first hearing after filing also shortened
☞Read article: https://www.asiae.co.kr/article/2023112714594081691

■ Sungkyunkwan University Law School Dean: "Outdated law school system drives students to psychiatric clinics"

- Increase in law students receiving psychiatric treatment due to excessive academic stress
- Some law students show burnout symptoms immediately after entering graduate school
- "Improving only the bar exam system can normalize legal education in the short term"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023112714524362223

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

Term in the News: 12·12 Military Coup

Movie poster for 'Seoul's Spring'.
[Photo by Plus M Enter]

- Incident initiated by the 'Hanahoe' faction including Chun Doo-hwan and Roh Tae-woo
- After successful coup, emergency martial law declared, media controlled, democratic governance suspended
- Prosecuted during Kim Young-sam administration in 1995... granted special pardon on December 22

Today's Key Schedule

○ Domestic
- Astech listed on KOSDAQ / public offering price 28,000 KRW
- Final vote for 2030 Expo host city (Paris)
- 11:30 Ministry of Foreign Affairs, Korea-US Economic Partnership Meeting
- 13:30 Ministry of Trade, Industry and Energy, Core Minerals Recycling Forum
- 14:00 Ministry of Science and ICT, Semiconductor Industry Site Visit and Regulatory Improvement Meeting

- Incheon Jung-gu Unseo-dong Unseo Station Daera Su Awesome Edu 1st priority
- Daejeon Seo-gu Doma-dong Doma Forena Haemoro 1st priority
- Busan Nam-gu Harrington Mare 1st priority
- Busan Haeundae-gu Songjeong-dong The Fold Ocean 1st priority
- Jeonbuk Imsil-gun Imsil-eup Imsil Goun Rafine The First 1st priority
- Gyeonggi Pyeongtaek-si Godeok-dong Pyeongtaek Godeok A58 (Permanent Rental)
- Gyeonggi Hwaseong-si Bibong-myeon Hwaseong Bibong A3 (Happy Housing)

○ Overseas
- 14:00 Bank of Japan Core Consumer Price Index (CPI)
- 16:00 Germany GfK Consumer Climate (December)
- 18:00 Eurozone M3 Money Supply
- 23:00 S&P/CS 20-City Home Price Index (September)

◇ Lunch & Commute Weather

○ Lowest temperature -3℃(▼7℃) ｜ Highest temperature: 4℃(▼8℃)
○ Precipitation probability 10% in the morning｜20% in the afternoon
○ Fine dust Good in the morning｜Moderate in the afternoon

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