Rich People These Days "Stocks Instead of Real Estate" [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Big Money or Boritgogae... VC Rich Get Richer, Poor Get Poorer
② Hyundai Motor's Sales Rise Despite Decline in Units Sold, Thanks to Exchange Rates
③ April Corporate Sentiment: Exports Up, Domestic Demand Down

MARKET INDEX :

- US New York Stock Exchange's three major indices all closed lower
- GDP much lower than expected, stagflation fears
- Core PCE inflation outlook exceeds expectations, sharp rise in government bond yields

Top3 NEWS

■ Making 'Tte-don' or Overcoming the Lean Season... VC 'Rich Get Richer, Poor Get Poorer' Widening

- 20 listed VCs posted a combined operating profit of 350 billion KRW last year
- Book value increased or active exit achievements
- 12 small and medium VCs have been in 'capital erosion' since last year

■ Hyundai Motor's Sales Declined but Revenue Increased... High-end Cars and Exchange Rate Effects

- Q1 2024 business performance announced
- Operating profit 3.6 trillion KRW, down 2.3% YoY
- Sales decreased but exchange rate effect helped performance

■ April Corporate Sentiment: "Exports and Large Corporations Smile, Domestic Market and SMEs Cry"

- Bank of Korea April Business Survey Index
- Overall industry conditions improved compared to previous month
- "Still below long-term average"

Graphic News: Which Essential Goods Prices Rose the Most in Q1?

- Prices of 25 essential daily items rose in Q1
- Average increase rate 5.5%... 'Sugar' saw the highest price rise
- Top items like ice cream, ketchup, diapers up 11.1%

the Chart: Billionaires Reduce Real Estate, Expand Financial Asset Investments

- Real estate proportion down... deposits, stocks, bonds and other financial asset investments up
- Real estate share dropped from 58% in 2021 to 55% in 2022, a 3% decrease
- Declining real estate prices and slow economic recovery cited as causes

Terms in the News: Min Hee-jin, 'NewJeans' Mom Who Opposed HYBE

- Recognized as an innovative director creating original concepts
- Led concepts for Girls' Generation, SHINee, and f(x) after joining SM Entertainment
- Moved to HYBE in 2021 and managed as CEO of ADOR

Today's Key Schedule

○ Domestic

- 26th KOSDAQ HD Hyundai Marine Solutions, IPO price 83,400 KRW

○ Overseas
- 08:30 Tokyo, Japan April Core Consumer Price Index
- 10:30 Australia Q1 Producer Price Index
- 12:00 Bank of Japan Interest Rate Decision
- 21:30 US March Core Personal Consumption Expenditures Price Index
- 21:30 Canada Wholesale Sales
- 23:00 US April University of Michigan Inflation Expectations

◇ Lunch & Commute Weather

○ Lowest temperature 11℃(0℃) ｜ Highest temperature: 26℃(▲4℃)
○ Precipitation probability 0% in the morning｜0% in the afternoon
○ Fine dust Good in the morning｜Moderate in the afternoon

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