The People's Health Food Is a Thing of the Past... Samgyetang Economics [3-Minute Brief]

[At a Glance]
①"NVIDIA to Reach $50 Trillion Within 10 Years"
②Trump-Themed Coin MAGA Doubles
③Hydrogen-Coal Power Expected to Be Excluded from RE100

MARKET INDEX

- US New York Stock Exchange's three major indices all closed higher
- 'Trump SNS' Truth Social surged 31.4%
- Seoul housing sales sentiment hits highest level in 2 years and 9 months

TOP 3 NEWS

■ "NVIDIA's profitability and unique position... Market cap to reach $50 trillion within 10 years"

- James Anderson, CIO of Ringoto Hedge Fund
- Industry reputation built through early investments in Tesla and Amazon
- NVIDIA's profitability and dominant position are strengths

■ Theme coins stir after Trump shooting... 'MAGA' doubles

- MAGA, which stayed around $5, approaches $10
- Some theme meme coins surged over 500%
- Expectations rise on Trump’s coin-friendly policies

■ Hydrogen-coal co-firing power generation likely excluded from RE100

- Results from RE100 technology level revision deliberations
- Negative opinions on hydrogen-coal co-firing power generation
- Green premium expected to be specified as an appendix

Graphic News: Soaring Samgyetang Prices, Growing Concerns Over Health Foods

- One bowl of Samgyetang in Seoul costs 17,000 won... average price on the rise
- Despite falling raw chicken prices, rising labor and other ancillary costs have an impact
- Distribution industry actively targets ‘home health food consumers’... promotional campaigns for easy Samgyetang

Money-Making Law

■ “We will grow it into a professional network platform”

- Yoo Jeong Lee, newly appointed managing partner of Law Firm One, shares thoughts
- First female lawyer among 20s law firms to oversee corporate management
- Established gender equality culture within the firm and received legal culture award
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071513543759649

■ Kim & Chang Law Office, “People mainly ask about everyday legal issues appearing in newspapers”

- Kim & Chang’s new lawyer recruitment officer emphasizes, "Creative ideas also come from basics"
- Many global projects... "Good English skills broaden areas where you can contribute, advantageous"
- Internship programs conducted for recruitment... general hiring involves multiple interviews
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071513565404702

■ GPS Drawing recognized for copyright for the first time

- 'GPS Drawing' created from coordinates recorded while running recognized as an edited work for the first time with 'Dog Run'
- "Creators’ publicly shared GPS drawings are used commercially without permission by outdoor companies"
- Not recognized as art works under art copyright law... "In the US, recognized as art and protected as works"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071513581426129

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

Person in the News: Pulitzer Prize Winner Who Took Historic Photo Shaking the US Presidential Election

- Evan Vucci, veteran AP photojournalist, captured the moment of Trump shooting
- Heard gunshots under the podium and raised camera... praised as 'photo that will change American history'
- Working at AP since 2003... won 2021 Pulitzer Prize for BLM protest photos

Today's Key Schedule

○ Domestic
- 08:55 June trade balance
- 16th KOSDAQ NH SPAC No.31, expected public offering price 2,000 won
- 16th KOSDAQ SK Securities SPAC No.13, public offering price 2,000 won

- Seoul Prugio Radius Park
- Gyeonggi Kingdom City
- Gyeonggi Myeongnam The Bless

○ Overseas
- 01:00 Fed Chair Powell speech
- 13:00 Japan May tertiary industry activity index
- 18:00 Germany ZEW July economic sentiment index
- 21:30 US June retail sales
- 23:00 US May business inventories

◇ Lunch & Commute Weather

○ Lowest temperature 24℃(▲1℃) ｜ Highest temperature: 30℃(▼1℃)
○ Precipitation probability morning 60%｜afternoon 80%
○ Fine dust morning good｜afternoon good

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