More People Unable to Repay Credit Card Debt [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Unsold Housing Units Increase for the First Time in 10 Months
② F4 Discuss Resolving Undervaluation of Korean Stock Market
③ Anode Material Companies at Crossroads with Sales Decline This Year

MARKET INDEX

- U.S. New York Stock Exchange's three major indices closed mixed

- Nasdaq, led by tech stocks, fell 0.78%

- This week, earnings reports from MS, Alphabet, and others

Top3 NEWS

■ F4, Full Effort to Resolve Undervaluation of Korean Stock Market

- Financial authorities' leadership meeting chaired by the Minister of Economy and Finance, F4
- Discussed measures to resolve stock market undervaluation in a closed meeting
- Governance identified as main factor... Direction towards corporate governance reform

■ Korea to Jointly Develop 6th Generation Fighter Jet with Saudi Arabia

- Government proposed KF-21 based project to Saudi Arabia
- Defense Ministry officials recently made a secret visit to Saudi Arabia
- U.S., U.K., EU, and others have already started 6th generation development

■ 'Record Pre-Sales' Galaxy S24 to Launch Sequentially in Over 120 Countries

- Galaxy S24 to be sequentially released in major countries worldwide on the 31st
- Recorded double-digit sales growth compared to previous model
- AI services offered, with benefits for purchases within the period

Graphic News: Korean Cathode Material Companies Facing Sales Contraction This Year?

- Domestic cathode material companies at a crossroads of sales contraction this year

- The problem lies in price drops and lower raw material costs

- Meanwhile, cathode material production volume has not increased

the Chart: Bank Loan Delinquency Rate Worst in 8 Years

- Loan delinquency rate at 3.0% as of November last year

- Worst in 8 years and 3 months since August 2015

- Increase in vulnerable borrowers unable to repay small high-interest loans

Company in the News: UN Palestinian Refugee Relief Agency Suspected of Hamas Backing

[Image source=Yonhap News]

- UN-affiliated agency established to support Palestinian refugees
- Largest employer in Gaza Strip... majority are locals
- Allegations raised that 12 employees involved in Hamas surprise terror attack

Today's Key Schedule

○ Domestic
- 08:00 December Industrial Production
- 08:00 December Retail Sales

○ Overseas
- 00:00 U.S. January CB Consumer Confidence Index
- 00:00 U.S. Department of Labor December JOLTs
- 08:50 Japan December Industrial Production
- 09:30 Australia Q4 Consumer Price Index
- 10:30 China January Manufacturing Purchasing Managers' Index (PMI)
- 16:00 Germany December Retail Sales
- 16:45 France January Consumer Price Index
- 17:55 Germany January Unemployment Rate
- 22:00 Germany January Consumer Price Index
- 22:15 U.S. January ADP Nonfarm Employment Change
- 22:30 U.S. Q4 Employment and Wages
- 22:31 Canada November Monthly GDP
- 23:45 U.S. January Chicago PMI

◇ Lunch & Commute Weather

○ Lowest Temperature -1℃(▲3℃) ｜ Highest Temperature: 9℃(▲2℃)
○ Precipitation Probability Morning 20%｜Afternoon 10%
○ Fine Dust Morning Moderate｜Afternoon Moderate

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