"The Miracle of the Han River Is a Thing of the Past" Hard-Hitting Foreign Media [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① PF Faces Fierce Competition in Narrow Korean Market
② Can This National Assembly Achieve Pension Reform?
③ HBM Sales Share to Surge Dramatically This Year

MARKET INDEX :

- US New York Stock Exchange's three major indices closed higher
- Investor sentiment improved as corporate earnings season kicks off
- US manufacturing sector contracts... Treasury yields fall

Top3 NEWS

■ "Is the Miracle on the Han River Over?"... Foreign Media Critically Point Out Korea's Growth Limits

- UK FT highlights limits of Korean-style economic growth
- Reliance on cheap energy and labor becoming difficult
- "Economic growth rate to be around -0.1% in the 2040s"

■ "Overheated Competition in a Narrow Market... Threatening Even Large Corporations' Management Rights"

- Private equity funds have grown in size but lack overseas operations
- Over 1,000 PFs manage 100 trillion KRW in the Korean market
- To escape the 'well of PF,' new markets must be developed

■ Only One Month Left for the National Assembly, Can Pension Reform Be Achieved?

- "Reform intentions must be declared through meetings such as the Yeong-su talks"
- Likely to seek phased reforms focusing on parametric reform
- Delay could lead to difficulties due to black holes like the presidential election

Graphic News: Small Business Owners Shaking from 'Kim-플레이션'

- Kim (seaweed) prices surged about 1.5 times amid rising inflation
- Korean seaweed popular in China and Japan... demand exceeds supply
- Ministry of Oceans and Fisheries adds dried seaweed to discounted seafood items

the Chart: HBM Sales Share to Double in One Year

- Despite industry concerns, HBM demand and market are growing
- HBM expected to account for 20.1% of the DRAM market
- Price drops due to intensified competition remain a risk

Terms in the News: US Initiates 'Super 301' on Chinese Steel

[Image source=Yonhap News]

- US Trade Act allows discriminatory retaliation against trading partners
- Retaliation measures violate WTO rules... US hints at withdrawal
- Considering tripling tariffs on Chinese steel from 7.5% to 25%

Today's Key Schedule

○ Domestic

- 06:00 April Consumer Confidence Index
- 24th KOSDAQ SK Securities No.12 SPAC subscription, public offering price 2,000 KRW

- 24th KOSDAQ Mintec subscription, public offering price 10,500 KRW
- 24th KOSDAQ Cochip subscription, public offering price 18,000 KRW

○ Overseas
- 07:45 New Zealand March Trade Balance
- 10:30 Australia Q1 Consumer Price Index
- 17:00 Germany Ifo Business Climate Index for April
- 21:30 US March Durable Goods Orders
- 23:30 US Crude Oil Inventories

◇ Lunch & Commute Weather

○ Lowest temperature 12℃(▼1℃) ｜ Highest temperature: 18℃(▼7℃)
○ Precipitation probability morning 60%｜afternoon 60%
○ Fine dust morning good｜afternoon good

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