'Super Bowl-level' Event, Nvidia Earnings Announcement [3-Minute Brief]

[At a Glance]
① Yoon to Announce National Pension Reform Plan This Week
② Is Austerity Ending? South Korea Likely to Cut Rates in Oct-Nov
③ Apple’s Next Big Thing: Robotics?

MARKET INDEX

- US New York Stock Exchange's three major indices closed mixed
- Investor sentiment weakened ahead of Nvidia's earnings
- July Personal Consumption Expenditures (PCE) to be announced on the 30th

TOP 3 NEWS

■ Yoon to announce National Pension reform plan this week... Benefit amounts will vary according to inflation and growth rates

- Presidential Office emphasizes "structural reform"
- Differential premium rates applied by generation
- Financial stabilization measures also prepared

■ Is the global tightening era coming to an end? South Korea likely to cut rates in October-November

- US rate cut in September is considered a done deal
- South Korea expected to cut rates in October-November
- "Monitoring housing prices and household debt trends as well"

■ Apple’s next growth engine: Robotics?

- Despite failure in autonomous electric vehicles
- Aiming to be 'Apple that moves on its own'
- Pursuing home-use humanoid robots and more

Graphic News: "Super Bowl-level" Nvidia earnings announcement this week... AI rally faces another test

- "Nvidia's Q2 revenue and operating profit expected to double"
- Easing recession concerns and resolving monetary policy uncertainties
- Concerns that earnings expectations could become a burden

Money-Making Law

■ Perpetrators have lawyers, but victims are left pacing in the gallery

- Victims and their lawyers are marginalized in criminal trials
- Rights such as objection are only limitedly guaranteed to victims
- Victims' rights to give statements and request information should be expanded
☞Read article: https://www.lawtimes.co.kr/news/200823

■ Supreme Court: Stocks listed after Electronic Securities Act enforcement cannot claim issuance or delivery of stock certificates

- Electronic Securities Act was enacted to establish the basis for electronic registration system replacing stock certificate issuance
- Valid stock certificates cannot be issued or exist for stocks listed after the law's enforcement
- Supreme Court ruled that claims for issuance or delivery of stock certificates are not allowed... Original ruling overturned and case remanded
☞Read article: https://www.lawtimes.co.kr/news/200806

■ OTT with wings, broadcasting caught in the net

- OTT services are rapidly growing under relatively loose regulations
- Meanwhile, traditional broadcasting media face growth restrictions due to strict regulations
- "Improvements needed to ensure regulatory fairness among media"
☞Read article: https://www.lawtimes.co.kr/news/200829

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

Terms in the News: Uncanny, Human? ... ‘Uncanny Valley’

- AI likability sharply drops in the uncanny valley
- Hypothesis first appeared in a Japanese oil company’s promotional material
- Studies show monkeys also experience the uncanny valley

Today's Key Schedule

○ Domestic

Seoul The H Bangbae

○ Overseas

14:00 Bank of Japan Core CPI

15:00 Germany Q2 GDP

22:00 US June S&P/CS 20-City Home Price Index

23:00 US August CB Consumer Confidence Index

◇ Lunch & Commute Weather

○ Lowest temperature 25℃(0℃) ｜Highest temperature: 32℃(▲1℃)
○ Precipitation probability: morning 60%｜afternoon 10%
○ Fine dust: morning good｜afternoon good

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