What Does a 20% Success Rate Mean in Resource Development? [3-Minute Brief]

[At a Glance]
① Business Sector Voices Concerns Over 'Expanded Director Duty of Loyalty'
② Apple Boards AI Train Late... Leadership Still with MS
③ Japan Strengthens Power Supply Following TSMC Factory

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed
- Investors cautious ahead of the FOMC regular meeting
- Apple, which announced AI strategy, surged 7%

TOP 3 NEWS

■ Business community voices concerns over the National Assembly's proposal to expand directors' duty of loyalty in the Commercial Act amendment

- Korea Employers Federation issued a report pointing out issues
- Business sector worries about 'criminal penalties for breach of trust' clause
- Legal community says "shareholders' proportional benefits are ambiguous"

■ Apple jumped on the AI bandwagon, but MS and Samsung expected to strengthen leadership

- AI system 'Apple Intelligence' unveiled
- Similar functions to competitors, but later application timing
- MS, Google, Samsung Electronics expected to reinforce leadership

■ Japan reinforces power supply in line with TSMC factory: "Investing 87.6 billion KRW"

- Kyushu Electric Power increases substation power capacity including transformer installation
- Transmission line for TSMC factory newly established last year and already operational
- Japan actively building semiconductor production supply chain infrastructure

Graphic News: "First deep-sea exploration, failure also meaningful"… Reasons for oil development

- Sufficient tangible and intangible value such as acquiring various data and accumulating exploration know-how about the deep sea
- Oil's status as an 'industrial raw material' expected to remain unchanged even in the carbon-neutral era
- "Energy security and securing maritime sovereignty require long-term plans and promotion"

the Chart: Current account deficit turns as foreign dividend payments increase

- Foreign dividend payments increased and goods trade surplus narrowed, turning into a deficit after one year
- However, export improvement continues and dividends are seasonal factors... Surplus expected in May
- "Global demand for semiconductors, automobiles, etc. expected to remain strong at least until this year"

Term in the News: Right-clicked 'Transnational' legislative body 'European Parliament'

- The European Parliament represents voters of the 27 EU member countries
- First established as the Assembly of the European Coal and Steel Community in 1952 → officially founded in 1962
- The only representative body among major EU institutions elected by direct vote

Today's Key Schedule

○ Domestic
- 08:00 May Unemployment Rate
- 12th KOSDAQ KB No.29 SPAC subscription / Public offering price 2,000 KRW
- 12th KOSDAQ HMC No.7 SPAC subscription / Public offering price 2,000 KRW

○ Overseas
- 05:30 US 10-year Treasury auction
- 10:30 China May Consumer Price Index
- 15:00 UK April GDP
- 15:00 Germany May Consumer Price Index
- 19:00 Eurozone Finance Ministers Meeting
- 21:30 US May Consumer Price Index
- 23:30 US Crude Oil Inventory

◇ Lunch & Commute Weather

○ Lowest temperature 18℃(▼2℃) ｜ Highest temperature: 30℃(▼1℃)
○ Precipitation probability Morning 0%｜Afternoon 10%
○ Fine dust Morning Moderate｜Afternoon Moderate

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