Korean Battery 'Yeongkkeul' Efforts Still Can't Surpass China's CATL [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Tesla's Rally Continues for 10 Consecutive Trading Days
② Sharp Drop in Construction Employment in May
③ French General Election Shock, Stock and Bond Markets Volatile

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- Semiconductor rally pushes S&P 500 past 5600 for the first time
- Investor sentiment revived amid growing expectations of a rate cut in September

Top3 NEWS

■ 'Sprint' Tesla, 10 consecutive trading days rally... up 89% from the year's lowest point

- Vehicle delivery results exceeded market expectations
- Investment sentiment greatly improved, fueling the rally
- Stock price surged 89% compared to April

■ Employment increase falls short of 100,000 for 2 consecutive months… Construction sector employment plunges

- June employment rose by 96,000
- Construction sector employment dropped by 66,000
- Below 100,000 for two consecutive months

■ Shock from French general election continues… Stock and bond markets volatile

- France's CAC index declines consecutively
- French 10-year government bond yields surge
- Spread gap with Germany continues to widen

Graphic News: Even combined, Korea's top 3 battery companies lag behind China's CATL in Q1

- CATL ranked first in battery sales in Q1
- LG Energy Solution 3rd, Samsung SDI 4th
- Combined market share of Korea's top 3 battery companies is 10.8% lower

Money-Making Law

Complete■ 'Unfair trade penalty doubled' time bomb, law firms also busy

- Capital Market Act amendment implemented earlier this year
- Recruiting experts and forming dedicated teams
- "Many disputes over unjust profits expected"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071017003986697

■ Divorce lawsuit between Chey Tae-won and Noh So-young heads to Supreme Court… Legal team composed mainly of elite judges

- Divorce case between Chey Tae-won and Noh So-young escalated to the Supreme Court
- Appeal trial focuses on 1.3 trillion KRW property division
- Main law firms organizing appellate legal teams
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071017014805180

■ 43% of law school students retake LEET

- 4 out of 10 law school entrants retake the LEET
- Many retake to enter SKY law schools, which are advantageous for law firm employment
- Some law schools are concerned about student attrition
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071017030722463

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

News Spotlight: Jamsil Main Stadium, the sacred ground of Cold War's end transforming into a baseball stadium

- Jamsil Main Stadium will be converted into a baseball stadium until the dome stadium opens
- Sacred ground of Cold War's end… foundation for K-pop growth after the Seoul Olympics

- Home stadium for LG Twins and Doosan Bears from 2027 to 2031

Today's Key Schedule

○ Domestic
- 10:00 July interest rate decision
- 11th KOSPI Shift Up listing, public offering price 60,000 KRW

○ Overseas
- 01:00 US Federal Reserve Atlanta Q2 GDPNow
- 03:30 FOMC member Bowman speech
- 15:00 UK May GDP
- 15:00 Germany June Consumer Price Index
- 18:00 International Energy Agency (IEA) monthly report
- 21:30 US June Consumer Price Index
- 21:30 US Initial Jobless Claims

&◇Lunch & Commute Weather

○ Lowest temperature 23℃(0℃) ｜ Highest temperature: 31℃(0℃)
○ Precipitation probability 10% in the morning｜60% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon

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