Electric Vehicles Are the Trend, but Small Companies Struggle to Manufacture Parts [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Trump "No Crackdown on Bitcoin"
② Toss Surpasses Commercial Banks in Salary
③ Korea Missing 'Premium Chocolate'

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- February US Consumer Price Index exceeded expectations
- Fed likely to remain cautious on interest rate cuts

Top3 NEWS

■ Trump: "No crackdown on Bitcoin... Next tariffs will target Chinese cars"

- Republican candidate Trump stated in an interview with CNBC
- "I firmly believe in tariffs on China," signaling trade war
- Prefers "dollar as currency" but will not crack down on coins

■ "Bank sector ELS compensation expected up to 2.2 trillion KRW... minimal impact on stock prices"

- Financial Supervisory Service disclosed Hong Kong H-Index LES compensation plan
- Negative impact on bank stock prices expected to be limited
- "Average compensation in banking sector is 4-13% of pre-tax profits"

■ Toss Bank tops with annual salary of 136 million KRW... "Attracted top experts"

- Toss's average annual salary last year reached 136 million KRW
- Higher than major banks like KB Kookmin and Woori Bank
- "Recruited top industry experts to internalize technology"

Graphic News: Koreans awaken to 'Premium Chocolate'

- Chocolate reborn as premium dessert with small packaging and high-quality ingredients
- Consumption increased during COVID-19 pandemic... 9% growth compared to previous year
- Chocolate import value also increased... annual average growth rate of 3.5% since 2019

the Chart: Small businesses lag behind eco-friendly cars... Will domino effect hit?

- Hyundai Motor's partner Male Bear to withdraw from Korea in September next year
- Operating losses every year since entering Korea in 2007
- 8 out of 10 domestic small parts companies unprepared for electrification

Term in the News: 'Training physician-scientists' as urgent as 'increasing medical school admissions'

[Image source=Yonhap News]

- Physicians and scientists with knowledge and experience in both clinical and engineering fields
- Experts licensed as doctors who integrate medical and scientific technology
- Physician-scientists in Korea account for less than 1% of all doctors... opposition from existing doctors

Today's Key Schedule

○ Domestic

- 08:00 February Unemployment Rate
- 13th KOSDAQ Samhyun subscription, public offering price 30,000 KRW
- 13th KOSDAQ Osang Healthcare listing, public offering price 20,000 KRW

- Gyeonggi Doosan We've The Zenith Central Yongin

○ Overseas
- 03:00 US February Federal Budget Balance
- 16:00 UK January GDP
- 16:00 Germany February Wholesale Price Index
- 19:00 Eurozone January Industrial Production
- 23:30 US Crude Oil Inventory

◇ Lunch & Commute Weather

○ Lowest temperature 0℃(▼4℃) ｜ Highest temperature: 12℃(0℃)
○ Precipitation probability 10% in the morning｜0% in the afternoon
○ Fine dust Good in the morning｜Moderate in the afternoon

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