Too Young Landlords... 26,000 Minor Homeowners [3-Minute Brief]

[At a Glance]
① Minor Homeownership Increases for 3 Consecutive Years
② Top 4 Financial Firms Expected to Post 4.7 Trillion KRW in Q3 Net Profit
③ Bank Sector Delinquency Rate Rebounds After One Month

MARKET INDEX : Year to date

○ This week's KOSPI expected range 2520~2670
○ Focus on 'Value-up Index · Micron' earnings
○ Also pay attention to the final US Q2 GDP figure

Top3 NEWS

■ The landlord is a minor?…Number of minor multi-homeowners increases for 5 consecutive years

○ Nearly 26,000 minors own houses
○ Among them, 6% are multi-homeowners with 2 or more houses
○ 11 minors own stocks worth 10 billion KRW

■ MBK "Chairman Choi Yoon-beom finds it difficult to secure 2 trillion KRW ammunition"

○ MBK currently conducting a public tender offer for Korea Zinc
○ Korea Zinc stock price rises due to management dispute issue
○ Raising funds for counter public tender offer

■ Four major financial institutions expected to post 4.7 trillion KRW net profit in Q3... Earnings party likely to continue

○ Banks recorded highest-ever earnings in the first half of this year
○ Expected to achieve record-breaking earnings again in Q3
○ Due to loan interest rate hikes and last-minute loan demand

Graphic News : July bank loan delinquency rate 0.47%... rises after one month

- Bank loan delinquency rate rising... both households and companies increasing
- Delinquency rate rising mainly among vulnerable borrowers
- Still lower than pre-COVID long-term average

the Chart : "Want a large screen that fits in your pocket?" Foldable phone battle intensifies

- Huawei Mate XT pre-orders exceed 6.3 million
- Honor, Xiaomi, etc. also preparing to launch triple-fold phones
- Price and durability remain challenges... fierce competition for thinner bodies

Term in the News : Started using it because it was cheap but now facing ruin... 'China Dumping' shaking the global market

- All-out ultra-low price offensive from China
- Crisis in steel, electric vehicle, and e-commerce markets
- Trend toward strengthening tariffs worldwide

Today's Key Schedule

○Domestic

23rd: KOSDAQ Iron Device listing, offering price 7,000 KRW

○Overseas

07:45 New Zealand August trade balance

17:00 Eurozone September composite Purchasing Managers' Index

17:30 UK September composite Purchasing Managers' Index

22:45 US September Markit composite Purchasing Managers' Index

◇Lunch & Commute Weather

○ Lowest temperature 16℃(▼1℃) ｜ Highest temperature: 27℃(0℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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