They Promised Subsidies but Betrayed... US Investment Stalls [3-Minute Brief]

[At a Glance]
① Saudi Arabia and Russia Extend Oil Production Cuts
② "House Prices Will Fall This Year," 5% Expectation
③ Samsung Electronics Recovers DRAM Market Share in Q4

MARKET INDEX : Year to date

- Low PBR stocks that led the market last week are faltering
- Domestic stock market likely to continue a breather phase
- Disappointment over corporate value-up also puts downward pressure on the market

TOP 3 NEWS

■ High costs and subsidy 'backstab'... Asian manufacturers hesitant to invest in the US

- IRA, Semiconductor Act in effect for 1.5 years
- Asian manufacturers' investment plans faltering
- High costs and sluggish subsidies

■ "Let's push up oil prices" Saudi Arabia and Russia extend crude oil production cuts until June

- OPEC+ extends daily production cut of 2 million barrels
- Impacted by US supply expansion and weak demand from China
- Trying to raise oil prices through production cuts

■ Real estate experts say "House prices will fall this year"… up to 5% decline

- 2024 KB Real Estate Report released
- Supply and base interest rate are key variables this year
- Last year, housing transaction prices fell by 4.6%

Graphic News: The new domestic copyright king surpassing JYP is this person

- Top copyright income earner in recent years, composer Pdog, known as the 'BTS father'
- This year, singer-songwriter 'Beomju' dethrones JYP and Pdog to claim the throne
- Beomju rapidly rising in popularity due to group Seventeen... also won awards in composition and lyrics

the Chart: Samsung Electronics recovers DRAM market share… 45.7% in Q4 last year

- Highest since Q3 2016 (48.2%)
- Sales rose to $8 billion, marking an uptrend after six quarters
- Widens gap with second place SK Hynix (31.7%)

Term in the News: 'Oyakaku'?obtaining parental permission to join a company

- New employee hiring companies seek permission from the parents of successful candidates
- Recently, cancellations of employment have increased due to parental opposition... blocking parental opposition at the hiring stage
- Implementing orientation for parents, inviting parents to meals with prospective employees, and signing employment pledges

Today's Key Schedule

○ Domestic
- 08:00 January Industrial Production
- 08:00 January Retail Sales
- 4th KOSDAQ Osang Healthcare subscription / public offering price 20,000 KRW
- 4th KOSDAQ SK Securities No.11 SPAC listing, public offering price 2,000 KRW

- Seoul Gyeonghuigung Yubora
- Incheon e-Pyeonhansesang Geomdan Ecovista (AA29)
- Gyeonggi SI Palace Olympic Park
- Gyeonggi The Sharp Geumjeong Weverse City
- Chungbuk Hillstate Eoullim Cheongju Sajik
- Gwangju Bongsan Park Cheomdan Jeil Punggyeongchae
- Busan Naengjeong Station Vista Dongwon (Phase 1)
- Gyeongnam Sammun Signature Welga

○ Overseas
- 08:50 Japan Q4 Capital Expenditure
- 09:30 Australia January Building Approvals
- 16:45 France January Government Fiscal Balance

◇ Lunch & Commute Weather

○ Lowest temperature -3℃(▼4℃) ｜ Highest temperature: 11℃(▲2℃)
○ Precipitation probability 10% in the morning｜20% in the afternoon
○ Fine dust Moderate in the morning｜Bad in the afternoon

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