Waiting for Interest Rate Cut... Foreigners' 'Net Inflow' [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① "Why is GD here?" Visit to Samsung booth at CES
② Fake tweet chaos... Coin price swings for 30 minutes
③ Highest employment rate last year, number of employed halved

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- Only Bitcoin slightly down amid SEC account hacking incident
- Investor sentiment cautious ahead of CPI and earnings announcements

Top3 NEWS

[Photo by Joint Press Corps]

■ Rising Expectations for Interest Rate Cuts... $1.72 Billion Net Inflow of Foreign Securities Investment in December

- Net inflow of domestic securities investment funds due to US interest rate cut expectations
- According to the Bank of Korea, foreign securities investment amounted to $1.72 billion
- Positive inflow continued since November last year... bond funds saw net outflow

■ "Isn't That G-Dragon?"... Visiting Samsung Booth at CES to See AI Robot

- Singer G-Dragon visited Samsung booth at CES 2024 in the US
- Showed interest while touring domestic exhibition booths including Samsung Electronics and LG Electronics
- Particularly fascinated by AI technology... accompanied by agency and schedule

■ At Age 30, Possessing 11 Trillion Won... The Identity of the Richest Chinese Woman Graduated from Tsinghua University

- Chinese fashion star Zhang Zetian, richest female student from Tsinghua University
- Estimated net assets of approximately 11 trillion 922 billion KRW
- Married to Liu Changdong, former chairman and founder of Chinese IT giant JD.com

Graphic News: Bitcoin's 30-Minute Rollercoaster Due to 'Fake SEC Tweet'

- Sharp price fluctuations between 6:00 AM and 6:30 AM Korean time on the 10th
- Caused by a 'fake tweet' claiming official approval of Bitcoin ETF
- Coin investors closely watching SEC's ETF approval status

the Chart: Employment Rate at Record High, Number of Employed 'Halved'

- Recovery to endemic life after COVID-19... employment rate up in healthcare industry and elderly population
- Employment rate for ages 15-64 at 69.2%, highest since statistics began
- Growth in number of employed slowed compared to previous year (816,000)

Money-Making Law

Photo by Beopryul Newspaper

■ Controversy Over Current Judges and Prosecutors Running for General Election Undermining Neutrality

- Renewed attention on 'Law Restricting Prosecutors from Running for Office' due to consecutive candidacies by current prosecutors
- Restriction on current prosecutors running for public office candidates for one year after retirement
- "Political leverage of judges and prosecutors" vs "Restriction on eligibility to run is unjust"
☞Read article: https://www.asiae.co.kr/article/2024011016102338135

■ Anonymous Judgments Like Ciphertexts... "Too Excessive and Difficult to Read"

- Names and place names in judgments replaced with A, B, C and further AA, AB, etc.
- Excessive anonymization work... "Hard to recognize"
- "If lawsuit records are disclosed, judicial decisions can be clearly understood"
☞Read article: https://www.asiae.co.kr/article/2024011016430163273

■ Mutual Enforcement System for Arbitration Awards and Court Judgments to Resolve China-Hong Kong Disputes

- China and Hong Kong coexist with different political and legal systems based on 'One Country, Two Systems'
- China follows civil law system, Hong Kong follows common law system... classified under different judicial jurisdictions
- Unique system established where court judgments proceed in courts of both sides
☞Read article: https://www.asiae.co.kr/article/2024011016280405821

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

News Terms: Stealth Inflation, the Secret Price Increase

- A compound word of Stealth and Inflation
- 'Quiet price rise' not captured in consumer price index
- Methods such as charging for previously free additional services

Today's Key Schedule

○ Domestic
- 10:00 Interest rate decision

○ Overseas
- 00:30 US crude oil inventory
- 05:15 Speech by US FOMC member Williams
- 09:30 Australia November trade balance
- 18:00 European Central Bank (ECB) monthly report
- 22:30 US December Consumer Price Index (CPI)
- 22:30 US initial jobless claims
- 23:00 Germany November current account balance

◇ Lunch & Commute Weather

○ Lowest temperature -6℃(▼1℃) ｜ Highest temperature: 6℃(▲1℃)
○ Precipitation probability 30% in the morning｜30% in the afternoon
○ Fine dust level Bad in the morning｜Moderate in the afternoon

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