Coupang's 'Rocket Delivery' Can't Help the Provinces Either [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Current Account Surplus for 9 Months Thanks to Semiconductor Exports
② 'Moon Jae-in Care' Narrows MRI and Ultrasound Coverage Criteria
③ Unrivaled TSMC, Will Its Market Share Grow Further This Year?

MARKET INDEX : Year to date

- Shareholders' meetings start one after another from this week
- Focus on the 'vote of confidence' from Korea's stock market heavyweight, the National Pension Service
- Growing calls for stewardship code requirements

Top3 NEWS

■ Semiconductor exports surge... Current account surplus for 9 consecutive months

- Semiconductor exports in January surged 52.8%, the highest in 6 years
- Current account expected to remain in surplus in February due to export improvement
- Service account deficit continues due to increased overseas travel

■ MRI and ultrasound, which were 'leaking' health insurance funds, reduced spending by narrowing coverage criteria

- Ultrasound and MRI expenses surged due to 'Moon Jae-in Care'
- Strengthened coverage criteria since July last year reduced spending
- Government focuses on the 'sustainability' of medical services

■ TaeYoung PF sites that did not submit 'disposal plans' will be arbitrarily included in the 'Corporate Improvement Plan'

- Delays in receiving disposal plans for each project site
- Many sites are still under due diligence
- 10 out of 59 sites have not submitted plans

Graphic News: Coupang's 'Rocket Delivery' also neglects rural areas

- Government has opened the era of 'nationwide delivery within 24 hours'
- Doorstep delivery not available in island and mountainous areas... Additional charges apply
- About 40 to 50 logistics-vulnerable areas, mostly concentrated in rural regions

the Chart: Unrivaled TSMC... Will it increase market share further this year?

- TSMC, backed by Apple and Nvidia, stock price up 44% since the beginning of the year
- Growth in foundry market is the background... TSMC's market share expected to exceed 60%
- Market capitalization reached $774.1 billion, ranking 9th globally

Terms in the News: China's 'Ultra-long-term Special Treasury Bonds' as a stimulus measure

Photo by Yonhap News

- Chinese government plans to issue ultra-long-term special treasury bonds for the first time in 4 years
- Bonds used for investment in key national strategies and core sectors
- Advantage of special treasury bonds is that they are not included in the fiscal deficit

Today's Key Schedule

○ Domestic

○ Overseas
- 08:50 Japan Q4 GDP
- 08:50 Japan Q4 GDP Price Index
- 19:00 Eurozone Finance Ministers Meeting
- 23:00 US February CB Employment Trends Index

◇ Lunch & Commute Weather

○ Lowest temperature 1℃(▲2℃) ｜ Highest temperature: 11℃(▲5℃)
○ Precipitation probability 20% in the morning｜40% in the afternoon
○ Fine dust level Moderate in the morning｜Moderate in the afternoon

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