Innovation Means Loss... What’s Happening in the Venture Ecosystem? [3-Minute Brief]

[At a Glance]
①Commission Tripled... No Profit Even When Working
②Gangnam Land Transaction Permit Extended, "Jeonse Prices Will Rise"
③Strong US Stock Market, Caution on Election Volatility

MARKET INDEX

- US New York Stock Exchange's three major indices all rose
- Investor sentiment boosted by corporate earnings expectations
- Apartment sale prices fall for the first time in over a year

TOP 3 NEWS

■ 'Commission from 560,000 won to 1,830,000 won' Soars... Nothing Left Even When Working

- Monthly burden under new pricing plan is 5.2 million won
- Store owners' delivery cost burden also rises from 2.2 million to 3.3 million won
- Percentage-based commission increases as sales grow

■ Falling Behind Means Collapse... The Broken Venture Ecosystem

- Investments flock to companies seeking 'stability' over innovation
- Stock exchange listing system prioritizes 'sales over technology'
- 'Venture spirit' in startup ecosystem is in crisis

■ Extension of Land Transaction Permit in Gangnam... "Jeonse Prices Will Rise Further"

- Land transaction permit zones in Jamsil, Samsung, Daechi, Cheongdam extended for one year
- "Permit zone designation causes higher jeonse prices compared to adjacent areas"
- Seoul City: "Lack of statistics on jeonse price increases within permit zones"

Graphic News: US Stock Market Leading... Caution Over Election Volatility

- "Following the first half, the US will lead the global stock market in the second half centered on AI and semiconductors"
- However, key variables in the upcoming November US presidential election may cause volatility before and after the vote
- New opportunities expected in emerging markets' stock markets... Highlighting 'Korea, China, Europe, India'

Money-Making Law

■ Samsung Electronics, Hyundai Motor, LG, SK Faced 783 Patent Lawsuits Since 1997

- NPEs focus lawsuits on Texas Federal Court, favorable to patent holders
- Total of 783 patent lawsuits from first case in 1997 through June 2024
- Litigation costs exceed 10 billion won... tend to settle with large sums to conclude
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024061715111743720

■ Dongcheon Foundation Celebrates 15th Anniversary with New Chairman Yoo Uk... "Will Become a Think Tank for Public Interest Law Policy"

- Dongcheon, the first public interest foundation established by law firm Bae, Kim & Lee in June 2009
- "Will support public interest law policy as a 'think tank' beyond its pioneering role"
- "When solving issues of socially vulnerable groups, must find coexistence among stakeholders"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024061715144056725

■ "Tax Office Cannot Reimpose Gift Tax Even If Value of Gifted Company Shares Increases"

- Gifted shares of a company constructing and selling officetels... no reimposition of gift tax despite share value increase
- Completed land construction and sales do not qualify as 'development project implementation' under inheritance and gift tax law
- "This business does not develop the land itself to increase its value"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024061715162965296

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

Terms in the News: "Please Share Pension with Divorced Spouse," Split Pension System

- Recognizes mental and material contributions of spouse during marriage and pays corresponding shares
- Aims to guarantee a certain level of retirement income even if not enrolled in National Pension
- As of February 2024, about 77,500 split pension recipients... increased 6.5 times in 10 years

Today's Key Schedule

○ Domestic
- 08:55 May Trade Balance
- 18th KOSDAQ DB Financial SPAC No.12 Listing, Offering Price 2,000 won
- 18th KOSDAQ HiGen RNM Subscription, Expected Offering Price 4,500~5,500 won
- 18th KOSDAQ Korea SPAC No.15 Subscription, Offering Price 2,000 won

- Gangwon Hongcheon Edufore Huitis
- Gyeonggi e-Pyeonhansesang City Wondang
- Gyeonggi Geumjeong Station Prugio Granble (1BL)
- Incheon Riatz The Incheon
- Jeonnam Hillstate Hwasun 2nd Phase

○ Overseas
- 13:30 Australia June Interest Rate Decision
- 18:00 Germany June ZEW Economic Sentiment Index
- 18:00 Eurozone May Consumer Price Index
- 19:00 Eurozone Finance Ministers Meeting
- 21:30 US May Retail Sales
- 22:15 US May Industrial Production
- 23:00 US April Business Inventories

◇ Lunch & Commute Weather

○ Lowest Temperature 20℃(▲2℃) ｜ Highest Temperature: 32℃(▲2℃)
○ Precipitation Probability Morning 0%｜Afternoon 0%
○ Fine Dust Morning Good｜Afternoon Moderate

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