Ticket Price 200,000 Won... The Season of Festivals That Break the Bank [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① BOK Uses $6 Billion of Forex Reserves to Defend Exchange Rate
② "No House Price Increase This Year... Auction Transactions Preferred"
③ US Fed Rate Cut Hopes Gradually Reviving

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed near flat
- Brief pause amid rally on expectations of interest rate cuts
- April Seoul housing record-high transactions surged compared to previous month

Top3 NEWS

■ Foreign exchange reserves decreased by 6 billion USD in April due to exchange rate defense... Bank of Korea says "Sufficient response capability"

- April foreign exchange reserves at 413.2 billion USD
- Decreased by about 6 billion USD compared to previous month
- Impact of defending strong dollar exchange rate

■ "No house price increase this year... urgent sales and auction transactions are preferable"

- In-depth interviews with three real estate experts
- Pointed out 'market uncertainty' as a major factor
- "This year, transactions mainly focused on low-priced properties"

■ US Fed officials say "Current benchmark interest rate is restrictive"... rekindling hopes for rate cuts

- Fed officials delivered messages about interest rate cuts
- Market also shows rising expectations for cuts within the year
- However, no specific timing for cuts mentioned

Graphic News: Mandatory purchase of surplus rice, a curse or blessing for food security?

- 'Amendment to the Grain Management Act' to be resubmitted to the National Assembly at the end of this month
- Ruling and opposition parties clash over 'food security and farm income stability'
- Likely to pass with opposition party alone... veto exercise is a key issue

the Chart: Festival season... startled by soaring ticket prices

- 'Ticketflation' phenomenon appears due to overall price increases
- Seoul Jazz Festival ticket price at 190,000 KRW... steadily rising
- Price concerns inside venues... 'ticket splitting' method also becoming popular

Terms in the News: Intensifying competition for 'data sovereignty'

- Guaranteeing rights to use data generated by nations and individuals
- EU has regulated detailed data guidelines through GDPR since 2018
- Major countries like US and China enact laws to strengthen personal data protection

Today's Key Schedule

○ Domestic

- 8th: KOSPI HD Hyundai Marine Solutions listing, offering price 83,400 KRW
- 8th: KOSDAQ ICTK subscription, offering price 20,000 KRW
- 8th: KOSDAQ KB No.28 SPAC subscription, offering price 2,000 KRW


- Busan Punggyeong
- Gyeonggi Pyeongtaek Hwayang Dongmundie East (6-2BL)
- Gyeonggi Osan Station Geumgang Pentarium Central Park (A8)

- Gyeonggi Bucheon Wonmi Dongmundie East
- Gyeonggi Baebang Philhouse River City
- Chungnam The Sharp Tangjeong Infinity City 2nd phase (A3)

- Chungnam Gimje Geomsan Yedam

- Gyeonggi Gwangmyeong Lotte Castle Signature
- Incheon Geomdan Star Hills Gahyeon Forest

○ Overseas
- 05:30 US Petroleum Association crude oil inventory
- 12:35 10-year JGB government bond auction
- 15:00 Germany March industrial production
- 18:00 UK mortgage interest rates

- 21:00 Brazil March retail sales
- 23:30 US crude oil inventory

◇ Lunch & commute weather

○ Lowest temperature 10℃(▼3℃) ｜ Highest temperature: 21℃(▲3℃)
○ Precipitation probability morning 20%｜afternoon 30%
○ Fine dust morning good｜afternoon good

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