Low-Income Citizens Suffering from High Inflation Rush into 'Recession-Type Loans' [3-Minute Brief]

[At a Glance]
① Active Trading of High-Price Pre-Sale Rights
② Apple Rejects Collaboration with Meta AI
③ Card Loan Balance Surpasses 40 Trillion Won

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed
- AI leading stock Nvidia surged nearly 7%
- Personal Consumption Expenditures (PCE) inflation data on the 27th in focus

TOP 3 NEWS

■ David Rubenstein, Co-founder of US Private Equity Firm Carlyle: "Fed Will Not Cut Rates Before Election"

- David Rubenstein, Co-founder of US Carlyle Group
- "Fed will not cut rates before the election due to political turmoil"
- Some suggest Fed might cut rates in September

■ "Apartment Pre-sale Rights Sell Better When More Expensive"…Up 15.4% Year-on-Year

- 11,783 pre-sale right transactions in Q1
- Decrease in low-priced transactions and increase in high-priced transactions
- "Influenced by rising new construction pre-sale prices"

■ Bloomberg: "Apple Rejected Meta's AI Collaboration Proposal"

- Apple rejected Meta's AI model integration proposal months ago
- Due to Meta's privacy and security concerns
- Discussing AI chatbot integration with AI startup Anthropic

Graphic News: With Banks Tightening, 'Recession-type Loans' Hit Record High... Relying on Rolling Over

- 'Recession-type loans' such as card loans and insurance policy loans at record high levels
- Card loan balance surpasses 40 trillion KRW, insurance policy loan balance exceeds 70 trillion KRW
- Due to tightened lending by financial institutions... "Early termination of savings and deposits expected to increase"

the Chart: Amid Dumping Attacks... "Imports of Half-Price Chinese Components Double"

- Korean industries directly impacted by China's 'ultra-low price push' dumping attacks
- Unlike before, these are not low-quality cheap products but also have quality, increasing the threat
- Diverse sectors including semiconductors, ship parts, solar power... "Time to consider coexistence"

Term in the News: Dairy Powerhouse Denmark Implements 'Agricultural Carbon Tax'

- Agricultural carbon tax imposes a new tax on all farms based on greenhouse gas emissions
- Nicknamed 'Fart Tax'... Methane from livestock flatulence identified as a cause of global warming
- Denmark to charge about 60,000 KRW per ton of CO2 from farms starting 2030... Expected to reduce 1.8 million tons

Today's Key Schedule

○ Domestic
- 26th: KOSDAQ Korea No.15 SPAC listing, offering price 2,000 KRW

○ Overseas
- 03:15 FOMC member Bowman speech
- 15:00 Germany GfK Consumer Sentiment
- 21:30 US Building Permits
- 23:00 US May New Home Sales
- 23:30 US Crude Oil Inventories

◇ Lunch & Commute Weather

○ Lowest temperature 19℃(0℃) ｜ Highest temperature: 30℃(▲3℃)
○ Precipitation probability Morning 0%｜Afternoon 10%
○ Fine dust Morning Good｜Afternoon Good

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