40% of Listed Companies' Outside Directors Are from Academia [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① AmCham Establishes Asia Headquarters TF with Government
② China to Issue 'Ultra-Long-Term Bonds' Starting This Week
③ Battery Equipment Market to Reach '95 Trillion Won' in 11 Years

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed
- Cautious stance ahead of CPI release scheduled for the 15th
- Housing sales increase leads to record high mortgage loans again

Top3 NEWS

■ 'Value-up Keymen' Board of Directors…In Reality, 4 out of 10 Are from Academia

- Contrasts with the US where majority are from corporations
- Domestic boards criticized as 'rubber-stamp boards'
- Decision-making structure important for value-up

■ AmCham to Establish 'Asia Headquarters' Task Force with Government

- American Chamber of Commerce in Korea cooperates with government
- "Ministry of Trade, Industry and Energy discussing TF formation with Ministry of Economy and Finance"
- Less than 100 domestic headquarters companies

■ China to Issue Ultra-long-term Bonds Starting This Week… "1 Trillion Yuan Scale"

- China issues ultra-long-term government bonds to boost economy
- Estimated issuance scale around 1 trillion yuan (189 trillion KRW)
- Prolonged real estate crisis…strengthening fiscal support

the Chart : Battery Equipment Market, 95 Trillion KRW by 2035

- Among the three battery cell companies, two except Samsung SDI reduce investment scale
- CAPEX per unit, 70 billion KRW per GWh…overseas exceeds 100 billion KRW
- Battery equipment market expands from $21.6 billion this year to $70 billion in 2035

Money-Making Law

■ Top 10 Law Firms' New Lawyers Decreased by 14% in Two Years

- New lawyers at top 10 domestic law firms decreased by 13.9% over 3 years
- Average age 28.4 years…proportion of SKY law school graduates declined
- "Law market and economic conditions not good, leading to reduced hiring"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024051314131683121

■ Major Law Firms Compete in Entertainment Sector…Yulchon Recruits 'First Generation' Entertainment Lawyer Choi Jeong-hwan

- Entertainment industry emerging as a new sector…active lawyer recruitment
- Yulchon recruits lawyer Choi Jeong-hwan, who handled Warner Brothers and others
- Major law firms have been strengthening entertainment capabilities for 15 years
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024051314144502435

■ 'Lotok Law' Effectively Abandoned…Further Discussion Expected in Next National Assembly

- 'Lotok Law' easing restrictions on lawyer advertising expected to be discarded
- Lawmaker Lee So-young expressed intention to reintroduce…possibility of revival
- Number of registered lawyers increased from 2,100 last year to 2,800 this year
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024051314161210213

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

Terms in the News: Pope Officially Proclaims '2025 Jubilee Year'

- Jubilee year, a year of spiritual grace for believers occurring every 25 years
- This regular Jubilee year will be held from December 24 this year to January 6, 2025
- Pope Francis delivered a message of hope through a papal bull

Today's Key Schedule

○ Domestic

- 06:00 April Export Prices
- 14th KOSDAQ No Brand Subscription, Public Offering Price 14,000 KRW

- Daejeon Hillstate Gajang The First
- Gyeonggi Yeoju Station Xi Heritage
- Jeonbuk Bongdong Hanyang Lips Centum Foret
- Ulsan Lael S

○ Overseas
- 15:00 UK April Unemployment Benefit Claims Change
- 15:00 UK Unemployment Rate
- 15:00 Germany April Consumer Price Index
- 18:00 Eurozone ZEW May Economic Sentiment Index
- 19:00 Eurozone Finance Ministers Meeting
- 20:00 OPEC Monthly Report
- 21:30 US April Producer Price Index
- 23:00 Speech by Jerome Powell, Chair of the Federal Reserve (FED)

◇ Lunch & Commute Weather

○ Lowest Temperature 12℃(▼1℃) ｜ Highest Temperature: 24℃(▼1℃)
○ Precipitation Probability Morning 0%｜Afternoon 0%
○ Fine Dust Morning Moderate｜Afternoon Moderate

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