US and Japan Feel Crisis... Yongin's 'Semiconductor Speed Race' [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Tackling Strong Dollar Speculative Sentiment, Next Step After Verbal Intervention
② Allowing 'Agent Access' During Unfair Trade Practice Investigations
③ Convenience Store Prices: Which Items Increased the Most?

MARKET INDEX

- US New York Stock Exchange's three major indices all closed lower
- The Federal Reserve hinted at effectively delaying interest rate cuts the previous day
- As a result, weakness centered on tech stocks became prominent

Top3 NEWS

■ Racing to catch up with the US and Japan... Yongin Semiconductor Cluster speeds up belatedly

- Efforts to cut factory site groundbreaking deadlines by half
- Policy success depends on acceptance by nearby local residents
- US and Japan are accelerating semiconductor factory construction

■ 'Curbing strong dollar speculative sentiment'... What is the next step after verbal intervention?

- Authorities attempt to control exchange rates through verbal intervention
- Short-term effects but long-term high exchange rates
- Increased dollar demand due to instability in the Middle East

■ Allowing 'agent access' to trade secrets during unfair trade practice investigations

- Ministry of Trade, Industry and Energy pushes for amendment of unfair trade investigation law
- Recently conducted research on related regulatory amendment plans
- Especially to strengthen response capabilities of companies suffering infringement

Graphic News: Convenience Store Prices, Which Items Rose the Most?

- Domino effect of price increases continues after the April 10 general election
- Essential daily items like eggs, razors, and sanitary pads show rising trends
- Industry states "Supply prices increased due to raw material price hikes"

Law That Makes Money

■ Prosecutors and Ministry of Justice watch closely as the establishment of a senior legal advisor position is considered... Opposition calls it "special prosecutor defense"

- Monitoring movements of the Presidential Office
- Ministry of Justice's authority over personnel verification
- Possibility of revocation cannot be ruled out
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024041717124667303

■ Nationwide expansion of 'treatment and rehabilitation conditional suspension of indictment' for simple drug use offenders

- Aimed at social reintegration and preventing recidivism of drug users
- Nationwide expansion of judicial, treatment, and rehabilitation linked model
- "Giving opportunities to drug users with willingness to recover"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024041717140076171

■ Judges stayed up all night to manage fair elections as election commission chairpersons

- Led by court chiefs and 270 chief judges
- Worked overnight on early voting and main voting days
- Reorganized procedures to prevent disputes over election fraud
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024041717153684328

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

Terms in the News: What is the 'Legislation and Judiciary Committee Chairperson'... The ruling and opposition battle begins

- One of the National Assembly's standing committees... Acts as the 'upper house' in the Assembly
- Reviews bill systems and wording... Also examines bills from other standing committees
- If holding the authority to forcibly submit bills, can enforce opinions of self and affiliated party

Today's Key Schedule

○ Domestic

- 18th: KOSDAQ Jeil MNS subscription, public offering price 22,000 KRW

○ Overseas
- 10:30 Australia March Unemployment Rate
- 19:00 Eurozone Finance Ministers Meeting
- 21:30 US Initial Jobless Claims
- 21:30 US April Philadelphia Fed Manufacturing Index
- 23:00 US March Existing Home Sales

◇ Lunch & Commute Weather

○ Lowest temperature 10℃(▲1℃) ｜ Highest temperature: 25℃(▲2℃)
○ Precipitation probability Morning 0%｜Afternoon 0%
○ Fine dust Morning Bad｜Afternoon Bad

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