1 in 4 CEOs Say "AI Will Reduce Jobs" [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Jeonse Deposit Accident Amount in 2023: 4.3 Trillion KRW
② 2030 Generation Leaving Large Corporations for Construction Sites
③ Chinese Companies Turning Attention to Huawei AI Chips

MARKET INDEX

- US New York Stock Exchange's three major indices all fell
- Expectations for major central banks' interest rate cuts dampened
- Dollar value at highest level in a month

Top3 NEWS

Photo by Reuters Yonhap News

■ One in Four Global CEOs Say AI Will Reduce Jobs by 5% This Year

- PwC survey of global CEOs
- Media, entertainment, banking, insurance, logistics sectors hit hardest
- Mixed views on AI's productivity gains

■ "No Retirement Worries and High Salaries"…2030 Generation Leaving Large Corporations for Construction Sites

- Number of technical exam takers in construction up 42.5% compared to five years ago
- 2030 generation accounts for 47%, steadily increasing each year
- More stability compared to office jobs with employment insecurity, low pay, and retirement limits

■ Increasing Facilities but Same Water Usage?…This Place Votes 'Can't Trust Tesla'

- Local opposition grows over Tesla's German factory expansion plans
- Brandenburg residents to hold a referendum
- Tesla's local factory has been controversial since establishment

Graphic News: Chinese IT Companies Turning to Huawei AI Chips…Emerging Icon of Semiconductor Self-Sufficiency

- Huawei supplying 1,600 chips to Baidu and other major domestic buyers
- Nvidia A100 and Huawei H100 have similar process technology and improved performance
- Difficulties in supplying Nvidia chips to Chinese IT companies likely to increase reliance on domestic chips

the List: Internet Banks' 'Mortgage Refinancing' Craze

- Online, one-stop 'mortgage refinancing' service launched this month gaining popularity
- Over 1 trillion KRW in applications within four days of launch, increasing borrower options
- Interest rates at annual lows in the mid-3% range…lower rates at regional and internet-only banks

Person in the News: Iowa, the US Presidential Election Bellwether That Chose Trump

[Image source=Yonhap News]

- Iowa, the largest corn-producing state in the US, with 90% white residents
- Donald Trump won overwhelmingly at the Republican caucus, the first primary
- Democrats changed their first primary state to South Carolina; only Republicans hold primaries in Iowa

Today's Key Schedule

○ Domestic
- 12:00 November M3 Money Supply
- 12:00 November M2 Money Supply
- 17th: KOSDAQ Hyundai Hims subscription, expected IPO price 5,000~6,300 KRW
- 17th: KOSDAQ Fosbank subscription, IPO price 18,000 KRW
- 17th: KOSDAQ Woojin Entech subscription, IPO price 5,300 KRW
- 17th: KOSDAQ HB Investment subscription, IPO price 3,400 KRW

○ Overseas
- 01:00 US Federal Reserve Governor Waller speech
- 11:00 China December Fixed Asset Investment
- 11:00 China Q4 GDP
- 11:00 China December Unemployment Rate
- 16:00 UK December Consumer Price Index
- 19:00 Eurozone December Consumer Price Index
- 22:30 US December Retail Sales
- 23:00 US FOMC Member Bowman speech
- 23:15 US December Industrial Production

◇ Lunch & Commute Weather

○ Lowest temperature -3℃(▲5℃) ｜ Highest temperature: 3℃(▲1℃)
○ Precipitation probability: Morning 40%｜Afternoon 60%
○ Fine dust: Morning Moderate｜Afternoon Moderate

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