You and I Both Are Jarin-gobi... Last Year's Consumption 'Plummeted' [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① This Year's First FOMC, Eyes on Powell's Words
② Wall Street Investing in Emerging Market Bonds
③ Early Year Corporate Bond Market Booms with 11 Trillion Won

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- Big tech's strong earnings and expectations of interest rate cuts drove gains
- Market expects rate freeze at January FOMC

Top3 NEWS

■ First FOMC of the year on Jan 30-31…Powell to give hints on rate cuts

- Market expects interest rate freeze at January FOMC
- Attention focused on Powell's remarks as a potential pivot point
- Inflation, employment data, and growth rates show mixed signals, adding uncertainty

■ Once-in-a-lifetime opportunity…Wall Street invests in emerging market bonds

- Wall Street shows strong interest in emerging market bond investments
- Driven by bets on early rate cuts by the Federal Reserve (Fed)
- Emerging market central banks also likely to follow with rate cuts

■ January corporate bonds near 11 trillion won, 'largest boom'

- The amount issued in January this year reached an all-time high
- Market interest rates stabilized downward after the Legoland incident
- Improved funding environment triggered pent-up demand explosion

the graph : Koreans closed their wallets…last year's consumption 'plummeted'

- US consumption remains strong despite high interest rates…recent inflation stabilized, leading to 'Goldilocks' outlook
- Korea's consumption sluggishness caused economic growth rate to decline for three consecutive years…concerns over low growth
- "If consumption recovery weakens, employment considerations may delay perceived economic recovery"

Money-making LAW

■ From curiosity about humans to living as a drug lawyer

- "Drugs are a personal private matter but are too easily exposed to the public"
- Emphasis should be on treatment rather than punishment for users…prevention of relapse necessary
- Time to view it as a disease like depression
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024012915512592407

■ "SK Chemicals must pay about 12 billion won for patch-type dementia drug patent infringement"

- Applied for patent term extension at the Patent Office before expiration but was rejected
- Filed lawsuit to cancel rejection…patent term extension approved in December 2018
- During that period, SK Chemicals exported the drug to Europe…patent infringement recognized
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024012915563935197

■ 'Disability exploitation and surveillance slave suspicion' case…Supreme Court remands with 'not guilty' verdict

- Head monk accused of labor exploitation of a level 3 intellectually disabled victim for about 9 years
- Lower courts ruled "discriminatory act of withholding wages from intellectually disabled victim"
- Supreme Court ruled "no grounds for discrimination…victim protection and malice not proven"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024012915595155315

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

Company in the News: Asia's richest family, the Ambani family

- Part of Reliance Industries, India's major oil and telecommunications conglomerate…Asia's richest
- Owns India's largest telecom company Reliance Jio and retail companies…assets exceeding $102.7 billion
- Most influential group in India…Lee Jae-yong also attended children's wedding, strengthening ties

Today's Key Schedule

○ Domestic

- Gangwon e-Pyeonhansesang Wonju Primo One (2nd round)
- Gyeonggi Seogwanggyo Hanla Vivaldi Lake Foret
- Chungnam Hongseong 2nd Seungwon Peliche Signature
- Jeonnam The Sharp Gwangyang Lake Centum

○ Overseas
- 15:30 France Q4 GDP
- 17:00 Spain Q4 GDP
- 18:00 Germany Q4 GDP
- 18:00 Italy Q4 GDP
- 19:00 Eurozone Q4 GDP
- 23:00 US S&P/CS 20-City Home Price Index

◇Lunch & Commute Weather

○ Lowest temperature -4℃(▲2℃) ｜Highest temperature: 7℃(▲2℃)
○ Precipitation probability morning 0%｜afternoon 20%
○ Fine dust morning moderate｜afternoon moderate

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

This content was produced with the assistance of AI translation services.