Chicken Price Finally Exceeds 20,000 Won [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① LGU+ 5G Faster Than KT in Seoul
② Early-Year Manufacturing Sector Recovery Still Premature
③ Global Stock Markets Booming... Only China Lagged

MARKET INDEX

- US New York Stock Exchange's three major indices all closed slightly higher
- S&P 500 index is on the verge of hitting an all-time high
- Chinese company NetEase fell nearly 5% amid regulatory news

Top3 NEWS

Photo by bhc Chicken

■ 'Ppurinkle' Exceeds 20,000 Won… bhc Chicken to Raise Prices by an Average of 12.4% Starting the 29th

- bhc adjusts prices of major menu items, rising into the 20,000 won range
- Major companies like BBQ and Kyochon have been raising prices since last year
- Other companies follow suit after the top three raise prices

■ LG Uplus Surpasses KT in 5G Download Speeds in Seoul

- LG Uplus improves 5G speeds through additional frequency allocation
- Surpassed KT in Seoul in Ministry of Science and ICT's telecom service quality evaluation
- However, LG Uplus has the highest number of areas with poor overall service quality

■ Loan Access Tightens… 'Stress DSR' to be Implemented from February

- Strengthened Total Debt Service Ratio (DSR) regulations
- Government plans proactive management of increasing household debt burden
- DSR calculation reduces the amount of loan available

Graphic News: It's Still Early for Manufacturing Business Recovery at the Start of the Year

- Korea Chamber of Commerce and Industry's '2024 Q1 Manufacturing Business Outlook Index' survey results
- Down 1 point from Q4 last year... Positive outlooks increased in pharmaceuticals and cosmetics
- Two out of three companies expect to miss their operating profit targets this year due to sluggish domestic demand

the Chart: Global Stock Markets Booming but China Alone is Lagging

- Chinese stock market hits lowest point in 14 months despite reopening
- Real estate slump, income decline, and regulations are major factors
- Goldman Sachs' prediction of a 15% rise in Chinese stocks misses the mark

Money-Making Law

■ Top 10 Judgments and Decisions of 2023

- Hyundai Motor strike case referred to the full bench… Supreme Court 'Remand'
- Fair Trade Commission's fine on Qualcomm for unfair trade practices upheld
- "The closest direct descendants and eldest among sons and daughters are considered the memorial service host"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023122717494517098

■ From Next Year, Overseas Koreans' Family Relation Certificate Fee Unified to 1 Dollar

- Currently, total fee including certified electronic mail usage is 1.5 dollars
- 154 out of 167 overseas diplomatic missions charge additional fees
- From January next year, only 1 dollar regardless of family registration officer presence
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023122718155168515

■ 2024 US Corporate Transparency Act

- Law enacted in 2021, effective from January 1 next year
- Legislated to prevent tax evasion and illegal activities related to corporate ownership
- Mandatory registration of beneficial owners with the US Treasury Department network
☞Read article: https://www.asiae.co.kr/article/lawtimes/2023122718295773207

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

Term in the News: 'Proptech' Combining Real Estate and ICT

Photo by Zigbang

- A portmanteau of Property and Technology
- A new form of service combining various ICTs with the real estate industry
- From providing listings and market prices to brokerage and interior design

Today's Key Schedule

○ Domestic
- 06:00 January Manufacturing Business Survey Index
- 08:00 November Retail Sales
- 10:00 Bank of Korea Financial Stability Committee Meeting Minutes

○ Overseas
- 06:30 American Petroleum Institute Weekly Crude Oil Inventory
- 08:50 Japan November Industrial Production
- 20:00 France Total Job Seekers
- 22:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest Temperature -3℃(▲1℃) ｜ Highest Temperature: 6℃(0℃)
○ Precipitation Probability Morning 0%｜Afternoon 20%
○ Fine Dust Morning Bad｜Afternoon Bad

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