Hyundai Small Gasoline Engine... Domestic Production Ends [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Coupang on Fair Trade Commission's Judgment Stand for 'Algorithm Manipulation'
② Government Urges Not to Sell Line... Naver in Dilemma
③ Apple-Related Component Stocks: Will They Shake Off Q1 Slump?

MARKET INDEX

Hyundai Small Gasoline Engine... Domestic Production Ends [3-Minute Brief]

- US New York Stock Exchange's three major indices all rose
- April core CPI inflation rate hits lowest in 3 years
- Retail sales also stagnant... signs of economic cooling

Top3 NEWS

■ Hyundai Motor to Cease Domestic Production of Gasoline Small Engines

- Acceleration of electrification at Ulsan plant in Korea
- Phasing out gasoline 'Kappa engine'
- Production realignment according to regional demand

■ Coupang Faces Fair Trade Commission Trial Over 'Algorithm Manipulation'

- Expanding private brand (PB) business driving overall profits
- Employees mobilized to manipulate reviews and search exposure
- FTC to decide penalty level next month

■ Government Opposes Line Sale... Naver Contemplates Global Business Restructuring

- Sale strongly considered but faced obstacles
- Difficult to transfer entire stake
- Overseas business dominated by 'Line Yahoo'

Graphic News: Will Apple Component Stocks Finally Shake Off Slump?

- Interest in whether Apple-related component stocks can achieve upward trend
- Impact of increased sales of new iPhone and iPad models
- Q1 performance weak due to Apple’s sluggishness

Money-Making Law

■ Prosecution's 'Surprise Personnel Changes'... Focus on Seoul Central and Southern District Prosecutors' Offices Chiefs

- High-level prosecutors' personnel changes at chief prosecutor level and above
- Lee Chang-su and Shin Eung-seok appointed as pro-Yoon (친윤) chiefs
- New phase in investigation of First Lady Kim Geon-hee’s luxury bag allegations
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024051514132379245

■ 'Legend of Special Investigation'... Leaves Prosecution After 5 Demotions

- Deputy Chief Prosecutor Joo Young-hwan demoted
- Showcased outstanding ability as part of '27th class investigation troika'
- Submitted resignation immediately after personnel announcement, leaving juniors regretful
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024051514150582394

■ "If Disability Compensation Is Delayed, Average Wage Must Be Increased"

- If lump-sum disability compensation payment is delayed causing real value decline
- Average wage should be adjusted until insurance benefit payment decision date
- Original ruling overturned as it aligns with system’s intent
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024051514163385819

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

Term in the News: 'Kiss Jill,' Who Led the 'Meme Stock' Craze, Returns

- Kiss Jill resumes activities after 3 years, posts photos on SNS
- GameStop, AMC Entertainment stocks rise over 70%
- Possible revival of 'GameStop incident' with return of 'meme stocks'

Today's Key Schedule

○ Domestic
- 12:00 March M2 Money Supply

○ Overseas
- 01:00 US Atlanta Fed GDPNow for Q2
- 08:50 Japan Q1 GDP
- 10:30 Australia April Unemployment Rate
- 13:30 Japan March Industrial Production
- 21:30 US Initial Jobless Claims
- 21:30 US Philadelphia Fed Manufacturing Index for May
- 22:15 US April Industrial Production

◇ Lunch & Commute Weather

○ Low temperature 9℃(▼3℃) ｜ High temperature: 21℃(▼3℃)
○ Precipitation probability 10% in the morning｜0% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon