Climate Change Invades the Dining Table [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① US New York Stock Market Closed for Memorial Day
② Domestic Individual Investors Turning Eyes Overseas
③ Bill Gross "Trump's Re-election? Negative for Bonds"

MARKET INDEX

- U.S. New York Stock Exchange closed for Memorial Day
- Most European markets closed higher on the day
- International oil prices showed a rebound for the second day

Top3 NEWS

■ "As simple and affordable as possible"... Japan's Best Value Senior Housing [Senior House]

- Japanese senior housing has a different atmosphere compared to Korea's luxury senior welfare housing
- 'Service-provided senior housing' for Japan's middle-class elderly
- In-house care services include cleaning, emergency calls, and welfare checks only

■ Retail Investors' Domestic

- Accelerated offshore outflow of domestic individual investors
- Retail investors showing aggressive and risky investment tendencies
- Focused investments in large tech stocks like Tesla, Apple, and ETFs

■ 'Bond King' Bill Gross: "Trump is a Bigger Market Risk than Biden"

- Bill Gross, co-founder of bond management firm PIMCO, known as Wall Street's 'Bond King'
- If Trump wins the presidential election, the bond market is expected to face major turmoil
- Concerns that Trump's tax cut policies could worsen fiscal deficit issues

Graphic News: Prices of Chocolate, Coffee, and Olive Oil to Rise Again

- 'Climate Playtion' impacts the overall economy
- Chocolate and Pepero prices to increase by 12% next month
- Cocoa and olive oil prices to rise more than threefold

Money-Making Law

■ Korean Prosecution Secures Phone Records of Former Samsung Electronics Patent Head... 'Smoking Gun'

- Phone records became the 'smoking gun' in the 'Stayton Tekiya' lawsuit
- Collusion with Samsung Electronics insiders to unlawfully obtain internal documents
- Discovered during Korean prosecution investigation... U.S. court judged evidence requirements met
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024052717010305375

■ "Reconsideration Needed on Revival of Investigation Command Rights and Other 'Complete Prosecution Reform'" [Interview with Former Prosecutor General Kim Oh-soo]

- Kim Oh-soo, the last Prosecutor General under the Moon administration, interviewed after retirement
- Resigned from the position while opposing the 'Complete Prosecution Reform' bill
- "Difficult for all citizens to agree... needs to be discussed again"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024052717034823350

■ 'Budget Poor' Judiciary: "What is an Appropriate Budget?" Judges Survey

- Survey targeting active judges on 'Judiciary Budget Shortage'
- Covers independent budget allocation, workload, turnover, and more
- "Hope for substantial budget increase through the survey"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024052717050629497

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

Term in the News: What is the 'Fool in the Shower Room' Comparing Fluctuating Policies?

- A metaphor criticizing the government's hasty and clumsy economic policies
- Next year's medical school admission quota increased by 1,509 confirmed
- Medical Association demands Supreme Court's final judgment... Re-submitted appeal on the 25th

Today's Key Schedule

○ Domestic

- Gyeonggi Hyosung Harrington Place Dong Suwon
- Seoul Seodaemun Central I-Park
- Daegu Doosan We've The Zenith Central City
- Daegu Dongin Taewang Honors Repland

○ Overseas
- 13:55 FOMC member Bowman speech
- 14:00 Bank of Japan (BoJ) Core CPI
- 19:00 France total job seekers
- 21:00 Canada April Raw Materials Price Index
- 23:00 U.S. May CB Consumer Confidence Index

◇ Lunch & Commute Weather

○ Lowest temperature 14℃(0℃) ｜Highest temperature: 26℃(▲3℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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