Gold Price Soars Amid 'Trump Risk' [3-Minute Brief]

[At a Glance]
①Psychiatric Treatment and Cancer Recurrence... Devastating Coin Fraud
②SK Green Energy Giant Formation Imminent, Shareholder Persuasion Difficult
③LH 8,800 Households 'Package-Type Public Offering'... "Only Paying Land Costs"

MARKET INDEX

- US Nasdaq index plunges 2.8% in one day
- Weakness due to Biden's export sanctions on China
- Dow Jones Industrial Average hits an all-time high

TOP 3 NEWS

■ Psychiatric treatment and cancer recurrence... It was devastating [Coin Scam Republic]

- Lost 280 million KRW including friends' money in retirement
- Drove to repay interest despite cancer recurrence
- Severe consequences such as retirement bankruptcy and family breakdown due to coin scams

■ SK Green Energy 100 trillion KRW giant born... Difficulty persuading shareholders

- SK Innovation and SKE&S discuss merger on the 17th
- Part of SK On's effort to revive battery business
- Possible shareholder backlash depending on merger ratio

■ Gold price soars due to 'Trump risk'... Hits record high

- Increased demand for real assets amid expectations of Fed rate cuts
- Rising preference for safe assets due to geopolitical tension concerns
- Gold futures price reaches $2,467.80 per ounce

Graphic News: "Start construction by paying only land cost excluding construction cost"... LH 8,800 households 'Package-type Public Offering'

- If private construction companies build on public land, they can proceed by paying only the land cost excluding construction cost
- Measure to activate private housing supply... First applied project site: 'Pyeongtaek Godeok International New City'
- Public apartments other than private also built, increasing LH public housing supply... "2 years faster than existing supply"

Law That Pays

■ Victims cry twice

- Calls to expand crimes eligible for court-appointed lawyer assistance
- Crime victims excluded from trials for not being parties in criminal lawsuits
- Current support for sexual violence and abuse cases... Expansion bill expired with 21st National Assembly
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071714571441841

■ Pillar that didn't exist at sale now stands in the middle of the shopping mall

- Failure to inform about pillar existence during shopping mall sales... Court rules developer violated disclosure duty
- Lawsuits follow for 'lake view' with cement walls and two boilers in one unit
- Cases where sellers won by notifying 'on-site confirmation' and 'possibility of changes' in precautions
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071714583451023

■ Pohang earthquake lawsuits exceed 500... 490,000 citizens, 96%, participate

- Over 500 state compensation lawsuits related to the earthquake ongoing
- Previous rulings ordered 2 to 3 million KRW compensation per person
- Lawsuit participation increasing... Compensation expected to exceed trillions
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024071714594761237

※ 'Law That Pays,' a content partnership corner between Asia Economy and Law Times, is published every Tuesday and Thursday.

Company in the News: The company behind 'PPL candy' Kopiko

- K-dramas emerging as a stage for PPL... Indonesia's 'Kopiko' known as 'PPL candy'
- In 2017, NASA astronauts attracted attention by having Kopiko during dinner on the ISS
- Product of Indonesia's Mayora Indah... Market cap 4.65 trillion KRW, expanded to 90 countries

Today's Key Schedule

○ Domestic
- 18th KOSPI Sanil Electric subscription, expected public offering price 24,000~30,000 KRW

○ Overseas
- 03:00 US Beige Book
- 08:50 Japan June trade balance
- 10:30 Australia June unemployment rate
- 15:00 UK May unemployment rate
- 21:15 European Central Bank July rate decision
- 21:30 US July Philadelphia Fed manufacturing activity index
- 21:45 European Central Bank press conference

◇ Lunch & Commute Weather

○ Lowest temperature 24℃(0℃) ｜ Highest temperature: 27℃(▼1℃)
○ Precipitation probability morning 90%｜afternoon 90%
○ Fine dust morning good｜afternoon good

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