US Version of Daiso, Now $2 Is the Trend [3-Minute Brief]

[At a Glance]
①Commercial Real Estate, Persistent Concerns Over Poor Performance
②Hong Kong ELS Incident Compensation Standards Finalized
③January Construction Orders Halved Compared to Previous Year

MARKET INDEX

- US New York stock market's three major indices closed mixed
- Investors cautious ahead of Consumer Price Index announcement
- Tech stocks weak, Nvidia falls for second day

TOP 3 NEWS

■ 1 Year Since SVB Bankruptcy, Persistent Insolvency Concerns... "Commercial Real Estate is a Time Bomb"

- Commercial real estate remains a risk for US banks
- Crisis sparked after Silicon Valley Bank (SVB) bankruptcy
- $1 trillion CRE loans maturing next year

■ [Hong Kong ELS Compensation] Compensation Rate Can Go Down to 0% Depending on Investment Experience... Standards Finalized

- Hong Kong H-Index ELS loss dispute mediation plan revealed
- Various weight adjustments applied to basic compensation rate
- Investor factors based on investment experience influence by 45 percentage points

■ "Starting at $1.99" US Dollar Stores' Betrayal... Biden's Biggest Challenge is 'Inflation'

- US version of Daiso affected by inflation even at $1
- Most products priced around $2
- Severe price increases pose a variable for Biden's re-election

Graphic News: Construction Orders Halved... Concentrated on Government Contracts

- Domestic construction new orders in January down 53.6% YoY... "Private sector down by 10 trillion KRW"
- Construction companies rushing to secure government contracts... "Power plants, hospitals, cold storage included"
- Advantages include increased government orders, cash secured through advance payments, and no sales risk

Law That Makes Money

■ 5,000 Bail Applications Annually... Equity Controversies Arise

- Legal community: "Bail approvals should increase based on the presumption of innocence principle"
- Opposing views: "Conditions should be strengthened for fairness and speedy trials"
- Over 5,000 cases annually since 2020, Seoul Central District Court has the most
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024031114203498762

■ Taekwang's Top 2 Executives Clash Over 'Slush Fund Creation' Responsibility

- Former Chairman Kim Giyu claims former Chairman Lee Hojin created a 30 million KRW monthly slush fund
- Taekwang side says Kim misused company credit cards and gift certificates causing 2.5 billion KRW damage
- Taekwang conducting external audit on Kim... "No solution other than judicial settlement"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024031114224709416

■ Romania Wins Major Victory in $8 Trillion International Dispute with Canadian Mining Company over Europe's Largest Gold Mine

- In 1999, Canadian mining company GR obtained rights to Rosia Montana in Romania
- Faced opposition due to destruction of ancient Roman mining sites and ecological disaster
- GR lost $8 trillion compensation lawsuit against Romanian government... "No compensation required"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024031114244612433

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

Term in the News: 'Ramadan,' a Turning Point in the Israel-Hamas War

- A month-long fasting and prayer period in Islam
- Requires praying five times a day and practicing abstinence and fasting
- Past Ramadans have seen various armed conflicts

Today's Key Schedule

○ Domestic
- 12th KOSDAQ Samhyeon subscription / Expected offering price 20,000~25,000 KRW


- Seoul The Sharp Dunchon Foret
- Gyeonggi Hanwha Forenian San Gojan 2nd Phase
- Gyeonggi Jije Station Semiconductor Valley Harrington Place (3BL)
- Gyeonggi Icheon Seohee Star Hills SKY
- Gyeonggi Icheon Lotte Castle Central Peraz Sky
- Gyeonggi Yeokbuk Seohee Star Hills Prime City
- Gyeonggi Bundang Kumho Eoullim Green Park
- Incheon Songdo Xi Punggyeongchae Granoble 1st Complex (RC11)
- Incheon Songdo Xi Punggyeongchae Granoble 3rd Complex (RC10)
- Incheon Songdo Xi Punggyeongchae Granoble 3rd Complex (RM4)
- Incheon Songdo Xi Punggyeongchae Granoble 5th Complex (RM6)
- Ulsan e-Pyeonhansesang Sinjeong Skyheim
- Ulsan The Pole Ulsan Sinjeong

○ Overseas
- 08:50 Japan Q1 Business Conditions Survey Index for Large Manufacturers
- 09:30 Australia Building Approvals
- 09:30 Australia National Australia Bank Business Confidence Index
- 16:00 UK January Unemployment Rate
- 16:00 Germany February Consumer Price Index
- 17:00 China New Loans
- 19:00 Eurozone Finance Ministers Meeting
- 21:00 India February Consumer Price Index
- 21:30 US February Consumer Price Index

◇ Lunch & Commute Weather

○ Lowest temperature 4℃(▲3℃) ｜ Highest temperature: 12℃(▲1℃)
○ Precipitation probability Morning 60%｜Afternoon 30%
○ Fine dust Morning Moderate｜Afternoon Moderate

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