OpenAI Valuation Exceeds 130 Trillion Won [3-Minute Brief]

[At a Glance]
① "Samsung Interested in Acquiring Nokia Mobile Network"
② Industrial Production Declines for Third Month... July Consumption Also Contracts
③ Due to Q2 Negative Growth... Korea Ranks 4th from the Bottom in OECD

MARKET INDEX : Year to date

○ KOSPI迎接9月，?????反?
○ 上周NVIDIA???布表?不佳
○ 本周需消化主要??指?

Top3 NEWS

■ Apple and NVIDIA also participate in OpenAI investment... AI arms race heats up

○ Reports from US economic media such as WSJ and Bloomberg
○ Will OpenAI receive investment from the three major big tech companies?
○ Company valuation may surpass current $100 billion

■ "Samsung interested in acquiring Nokia Mobile Networks... Estimated at 13.4 trillion KRW"

○ Nokia Mobile Networks estimated at $10 billion
○ Some companies including Samsung interested in asset acquisition
○ To strengthen competitiveness in wireless network business

■ Industrial production declines for three consecutive months... July consumption also 'plummets'

○ Statistics Korea announced July industrial activity trends
○ Total industry production down 0.4% month-on-month
○ Retail sales record triple decline

Graphic News: Due to Q2 negative growth... Korea ranks 4th from the bottom in OECD

- Korea's Q2 economic growth rate -0.2%
- Significant drop in OECD economic growth ranking
- Exports are good but domestic demand concerns are high

the Chart: Representative overseas escape? What’s happening with Kurly

- Kurly "Baseless rumors spreading, considering legal action"
- Financial structure concerns for e-commerce companies rise after Timf incident
- First half deficit 2.28 trillion KRW, increased compared to last year

Term in the News: You, be my companion! ‘Pet Rock’

- A pet rock managed like a companion animal
- Trend started in the US in the 1970s
- A joke thrown in a bar became commercialized

Today's Key Schedule

○ Domestic

09:30 August Nikkei Manufacturing Purchasing Managers Index

Subscription for Mirae Asset Vision SPAC No.7 on the 2nd, public offering price 2,000 KRW

○ Overseas

10:30 Australia July Building Approvals

10:45 China August Caixin Manufacturing Purchasing Managers Index

16:50 France August Manufacturing Purchasing Managers Index

16:55 Germany August Manufacturing Purchasing Managers Index

17:00 Eurozone August Manufacturing Purchasing Managers Index

17:30 UK August Manufacturing Purchasing Managers Index

◇ Lunch & Commute Weather

○ Lowest temperature 24℃(0℃) ｜ Highest temperature: 27℃(▼4℃)
○ Precipitation probability morning 60%｜afternoon 60%
○ Fine dust morning good｜afternoon good

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