Father of ChatGPT to Stay in Korea for 6 Hours [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Sam Altman holds private meeting with Chey Tae-won and Kyung Kye-hyun
② China stock market could lose up to $170 billion in worst case
③ Only 'Semiconductors' are reliable... Funds flock to ETFs

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed near flat
- Netflix rally as total subscribers hit record high
- Key economic indicators including GDP to be released this week

Top3 NEWS

■ Altman stays 6 hours in Korea... Busy schedule with Chey Tae-won and Kyung Kye-hyun

- Spent about 6 hours in Korea on the 26th to carry out schedule
- Meeting with SK Chairman Chey Tae-won and Samsung President Kyung Kye-hyun
- Attention on possibility of 'AI semiconductor alliance' with Altman

■ Goldman Sachs: Foreign investment in Chinese stock market may outflow $170 billion

- Worst-case scenario sees foreign capital outflow of $170 billion
- Foreign investors from US, Europe, etc. have invested $1 trillion in Chinese stock market
- Foreign ownership in Chinese stock market already at historic low

■ Following JYP, Yang Hyun-suk also buys company shares... Is this a bottom signal for entertainment stocks?

- Both Park Jin-young and Yang Hyun-suk purchased company shares
- Entertainment stocks have been falling continuously, hitting new lows
- Securities firms also say current downtrend is excessive

the List: Trusted 'Semiconductors'... ETFs attracting money

- Semiconductor-related ETFs dominate the top estimated fund inflows in January
- Net asset value of semiconductor ETFs also increased... some grew up to 43.32%
- Foreign and individual investors most actively net buying Samsung Electronics... total 3.2317 trillion KRW

Profitable Law

■ Korea Mining and Resources Corporation to file ISD lawsuit worth over 1 trillion KRW against Panama government soon

- Korea Mining and Resources Corporation initiates ISD against Panama government
- Expected damages due to suspension of Cobre Panama copper mine development
- Panama Supreme Court ruled 'Mine Development Approval Act' unconstitutional
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024012420150912105

■ Fiercer and tougher appeals court, neither companies nor individuals can feel safe

- Increased cases of harsher sentences and guilty verdicts in appeals compared to first trial
- "It is natural for verdicts and sentences to differ due to judicial system"
- Legal circles point out 'insufficient first trial review'... "due to lack of experience"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024012422282441209

■ "Even if mutual name trust is terminated, ownership cannot be claimed by third parties without registration"

- Supreme Court overturned lower court ruling in related lawsuit
- Termination of mutual name trust does not change ownership
- No need to recognize exceptions to principle of real rights change
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024012422334948047

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

Term in the News: Customizable cars... 'Purpose Built Vehicle (PBV)'

[Image source=Yonhap News]

- Vehicles that can be customized for various customer needs
- Various custom types such as camping cars, delivery vehicles, restaurant cars, taxis
- Unveiled at Kia booth at CES 2024 and received favorable reviews from customers

Today's Key Schedule

○ Domestic
- 08:00 Korea Q4 GDP
- 25th KOSDAQ ShinYoung SPAC No.10 public subscription, expected offering price 2,000 KRW
- 25th KOSDAQ Studio Samik public subscription, expected offering price 14,500~16,500 KRW
- 25th KOSDAQ HB Investment listing, offering price 3,400 KRW


- Seoul Posez Hangang

○ Overseas
- 00:00 Bank of Canada Monetary Policy Report
- 00:30 US Crude Oil Inventories
- 18:00 Germany January Expectations Index
- 20:00 France Total Job Seekers
- 22:15 European Central Bank (ECB) January Interest Rate Decision
- 22:30 US Building Permits
- 22:30 US Q4 GDP
- 22:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest temperature -10℃(▲2℃) ｜ Highest temperature: 1℃(▲5℃)
○ Precipitation probability 0% in the morning｜10% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon

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