Why Authorities Remain Passive Amid Soaring Exchange Rates [3-Minute Brief]

[At a Glance]
①Jeonse Fraud Fallout... 4 out of 10 Houses in Auction Market
②Biden Sanctions More Chinese Companies Than Trump
③Beyond Performance to Efficiency, Big Tech's Chip Independence Declaration

MARKET INDEX : Year to date

- Inflation and interest rates both face increased uncertainty
- Attention on foreign investor supply and demand changes due to strong dollar
- Nationwide housing market outlook rises for the second consecutive month

TOP 3 NEWS

■ Exchange rate hits highest in 17 months... Why is the government not intervening?

- Highest level since November 2022
- "Low possibility of exceeding 1400 won"
- Possible government intervention if it rises further

■ Aftermath of Jeonse fraud... 4 out of 10 homes end up in auction market

- HUG's full analysis of auction homes with 'waived tenant rights'
- 44 out of 116 households 'unsold'... recovery also difficult
- 31 homes sold, "driving recovery of bid price rate"

■ Biden sanctions 319 Chinese companies... surpasses Trump record

- Largest sanctions record among US administrations
- More than Trump-era trade disputes
- "Tough stance on China is a bipartisan issue in the US"

Graphic News: Competition for efficiency beyond performance... Big Tech's 'Chip Independence Declaration'

- Global Big Tech companies enter AI chip war
- Essentially declaring "We won't be led by Nvidia"
- Competition over 'who sets the sustainable rules of the fight'

the Chart: This company leading with 'Asahi'... Operating profit surges 1100%

- Lotte Asahi Liquor achieved record high performance last year with Asahi Super Dry draft beer cans
- Sales reached 138.6 billion won, a 330.4% increase from the previous year... Operating profit also 12 times higher than last year
- Aggressive new product launches planned this year as well, including 'Asahi Shokusai' and 'Orion The Draft'

Terms in the News: Can the Party for National Innovation become a 'negotiation group'?

- A group of lawmakers with a certain number created for efficient parliamentary operation
- According to Article 33 of the National Assembly Act, condition is 'a party with 20 or more affiliated members'
- Leader Lee Jae-myung pledges to ease the negotiation group formation requirement to 10 seats

Today's Key Schedule

○ Domestic
- 08:55 April trade balance
- 15th KOSDAQ Shinhan No.12 SPAC listing / public offering price 2,000 won
- 15th KOSDAQ Hana No.33 SPAC subscription / expected public offering price 2,000 won

○ Overseas
- 15:30 India March wholesale price index
- 18:00 Eurozone February industrial production
- 21:30 US March core retail sales
- 21:30 Canada February wholesale sales
- 23:00 US February business inventories

◇ Lunch & Commute Weather

○ Lowest temperature 16℃(▲7℃) ｜ Highest temperature: 19℃(▼4℃)
○ Precipitation probability morning 60%｜afternoon 60%
○ Fine dust morning moderate｜afternoon good

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