Exports Rely Too Much on the US... Bank of Korea Also Issues Warning [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Samsung Employees Anxious Over Executive 6-Day Workweek
② "Will Raise If Needed"... Fed Stands Firm
③ Introduction of Financial Investment Tax, Impact on Retail Investors' Strategies

MARKET INDEX : Year to date

- KOSPI down over 3% for the week
- Institutions and foreigners net sold 2 trillion KRW each
- Interest rates, risks from Middle East instability

Top3 NEWS

■ Samsung employees anxious over executives' 6-day workweek plan... "Going against work-life balance, risk of losing talent"

- Business circles focused ahead of weekend work on the 20th
- Voluntary participation amid internal and external emergencies
- Concerns over image damage due to 'going against work-life balance'

■ Fed sharpens its 'hawkish claws'... "Rate hikes possible if necessary"

- Senior officials dampen expectations for rate cuts
- Position that rate hikes cannot be ruled out if needed
- Overheated labor market and rising inflation pose challenges

■ "Can't trust US economy"… Bank of Korea raises warning lights on 'exports'

- Bank of Korea to release US industrial policy report within the year
- Points out limits of US economy's dependence on semiconductor exports
- "Time to consider growth drivers beyond semiconductors"

Graphic News: Retail investors anxious over introduction of capital gains tax on financial investments... "Need tailored strategies by asset type"

- Government likely to introduce capital gains tax on financial investments from 2025
- Petition to abolish capital gains tax surpasses 50,000 signatures
- Retail investors holding 50 trillion KRW in bonds worried, pondering investment direction

the Chart: World's largest election underway... India's 'Modinomics' accelerates

- India enters general election; results to be announced on June 4
- Ruling coalition expected to secure over 272 seats
- Will GDP rise as India aims to become the world's 3rd largest economy?

Terms in the News: 'A Tale of Two Cities' mentioned by Park Young-sun amid prime minister speculation

- Charles Dickens novel set against the backdrop of the French Revolution
- Reflects London and Paris, warning of class inequality and corruption
- One of the best-selling books worldwide, excluding religious texts

Today's Key Schedule

○ Domestic

- April 22: KOSDAQ Yuanta No.16 SPAC subscription, expected IPO price 2,000 KRW
- April 22: KOSDAQ DND Pharmatech subscription, expected IPO price 22,000-26,000 KRW

- April 22: KOSDAQ Shinhan No.13 SPAC listing, IPO price 2,000 KRW


- Daedeok-eup The Forest Eco Park, Jeonnam Province

○ Overseas
- 10:15 People's Bank of China April Loan Prime Rate
- 19:00 Eurozone Finance Ministers Meeting
- 21:30 Canada March Raw Materials Price Index
- 21:30 US March Chicago Fed National Activity Index
- 23:00 Eurozone April Consumer Confidence Index

◇ Lunch & Commute Weather

○ Low temperature 13℃(▼2℃) ｜High temperature: 25℃(▲2℃)
○ Precipitation probability: Morning 40%｜Afternoon 30%
○ Fine dust: Morning Moderate｜Afternoon Good

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