If You Have Passion, It's OK... Coupang to Hire 10,000 People in Provinces [3-Minute Brief]

[At a Glance]
① Shinsegae's 4.5 Trillion Won Hwaseong Theme Park Groundbreaking Delayed
② TSMC-Samsung Foundry Gap Widens Further
③ Raising Real Estate PF Risk Values and Revising NCR?

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices all declined
○ August manufacturing PMI contracted for the fifth consecutive month
○ Recession concerns rise, weakening investor sentiment

Top3 NEWS

■ Shinsegae faces 4.5 trillion KRW compensation crisis over Hwaseong Theme Park construction delay... 'At risk of cancellation'

○ Korea Water Resources Corporation decides to impose compensation for construction delay
○ Shinsegae “Cannot accept” effectively refuses to pay
○ Contract termination and re-evaluation possible if compensation remains unpaid

■ Gap between TSMC and Samsung foundry widens further

○ Overwhelming difference in market share and sales in Q2 this year
○ Challenges remain in IP holdings and advanced process technology
○ Samsung Electronics plans Munich forum in October

■ Increasing risk weights for real estate PF... Revising NCR and considering corporate payment system introduction

○ Securities firms' ABCP guarantee risk weight at 18%
○ Lower risk weights for non-residential and overseas real estate
○ Incentives for PF guarantee remain high

Graphic News : Coupang to directly employ 10,000 young people in provinces

- Full-scale expansion of additional logistics network with '3 trillion KRW investment'
- 8 out of 10 jobs created in regional areas
- Expected to alleviate capital region concentration and job polarization

the Chart : "Korean flavors like heaven"... Foreigners also praise

- Last year's K-sauce export reached about 510 billion KRW, a record high
- The top contributor is Samyang Foods' Buldak sauce with about 16 billion KRW
- Companies like Daesang and CJ are focusing on developing second-generation Buldak sauce products

Person in the News : Semiconductor 'veteran' Intel director resigns

- Director Lip Bu Tan resigns... About two years after joining Intel

- Experienced conflicts with the company due to conservative 'bureaucratic culture'

- Analyzed as a signal of Intel's dominance weakening

Today's Key Schedule

○ Domestic

06:00 Foreign exchange reserves (US dollars)

○ Overseas

00:00 Atlanta Fed GDPNow

09:30 Japan August Services Purchasing Managers Index

10:30 Australia Q2 GDP

10:45 China August Caixin Services Purchasing Managers Index

17:00 Eurozone August Markit Composite Purchasing Managers Index

17:30 UK August Composite Purchasing Managers Index

21:30 US July Trade Balance

22:45 Canada Interest Rate Decision

23:00 US Department of Labor July JOLTs

◇ Lunch & Commute Weather

○ Low temperature 22℃(0℃) ｜High temperature: 32℃(▲1℃)
○ Precipitation probability 10% in the morning｜10% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon

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