There Was a Reason for Tightened Wallets... South Korean Workers' Annual Salaries Rank Mid-Lower Among OECD [3-Minute Brief]

[At a Glance]
① China’s 3rd Plenum, Called for Reform 53 Times
② Trump Accepts Republican Presidential Nomination
③ Next-Gen HBM4, Samsung vs Hynix

MARKET INDEX : Year to date

- US New York Stock Exchange's three major indices closed lower
- Weakness led by large tech stocks continues for consecutive days
- CrowdStrike plunges 11.1%

TOP 3 NEWS

■ South Korea's Average Annual Salary Ranks 21st in OECD... Stagnant for 5 Years

- Average annual salary of Korean workers is $47,715
- Stuck at the $50,000 threshold for 5 consecutive years
- Wages lowered due to increased employment of elderly and women

■ China's Third Plenary Session Repeated 'Reform' 53 Times... Eyes on Solutions

- Chinese-style modernization and high-quality development repeatedly mentioned
- Attention on 'specific measures' at this month's Politburo meeting
- Solutions needed to resolve economic risks

■ Trump Accepts Presidential Nomination: "Will Be President for All America"

- This Republican National Convention is 'Trump's coronation'
- Emphasized unity in speech saying "We will rise together"
- Leading President Biden in swing state polls

Graphic News: Next-Generation 'HBM4' Standardization Imminent... Samsung vs SK Hynix & TSMC

- Next-generation HBM product specifications expected to be announced by the end of this year
- SK Hynix combines TSMC's proprietary process technology
- Samsung Electronics aims to overtake with a mass production strategy

the Chart: TSMC Benefiting from Nvidia "Growth Expected This Year as Well"

- Orders for next-generation AI accelerator GPU 'Blackwell' increased by 25%
- Amazon, Google, Microsoft, and Dell also plan to adopt Blackwell architecture GPUs
- Strong driver for TSMC's semiconductor foundry performance in the second half

Term in the News: 'Humanitarian Coordination Office' Criticizes 'Gaza Civilian Evacuation Order'

- The Humanitarian Coordination Office is a UN-affiliated relief agency
- Organizes and coordinates international aid during wars and other crises
- Major offices located in regions prone to conflicts and natural disasters

Today's Key Schedule

○ Domestic
- 22nd P&S Mechanics subscription, expected public offering price 14,000~17,000 KRW

- Gyeongnam Geumgang Dreampia 5th Phase

○ Overseas
- 10:15 People's Bank of China July Loan Prime Rate
- 15:00 Germany May Retail Sales
- 19:00 Eurozone Finance Ministers Meeting

◇ Lunch & Commute Weather

○ Lowest temperature 24℃(0℃) ｜ Highest temperature: 30℃(▼1℃)
○ Precipitation probability morning 90%｜afternoon 30%
○ Fine dust morning good｜afternoon good

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