Banks with Continued Strong Performance May Falter Due to 'Pivot' [3-Minute Brief]

[At a Glance]
① 100 Days of the Timf Crisis, Regulations Hit the Distribution Industry
② Corporations Buying Hundreds of Villas Involved in Jeonse Fraud
③ Nobel Economics Laureates Mention Korea's Development

MARKET INDEX : Year to date

- New York stock market's three major indices all closed lower

- Semiconductor stocks plunged due to profit-taking sales

- Market focuses on corporate earnings announcements this week

Top3 NEWS

■ 100 Days Since the Timef Incident... Regulatory Tsunami Hits the Distribution Industry

- Political circles flood with amendments to the Electronic Commerce Act
- Platform settlement cycles shortened from 3 to 20 days
- Offline stores with over 100 billion KRW included

■ Corporations 'Shopping' Hundreds of Villas Involved in Jeonse Fraud

- Analysis of jeonse fraud houses auctioned since 2022
- Numerous small corporations winning bids and bringing in tenants
- Similar tactics to the past villa king's 'zero-capital gap investment'

■ Nobel Economics Laureates: "South Korea is a Model Case of Desirable Economic Development"

- Three economics laureates including Daron Acemoglu
- Research on wealth disparity between countries, comparing South Korea and North Korea
- Korea experts citing South Korea as a model for economic development

Graphic News: Amendment to the Commercial Act to Protect Shareholders' Interests... Includes 'Duty of Effort'

- Relevant government ministries finalize amendment to the Commercial Act... compromise reached

- Clause on 'duty of loyalty of directors' retained; new duty of effort introduced

- "Package law amendment to protect general shareholders' interests beyond the Commercial Act"

the Chart: Banks with 'Winning Streak' Earnings... Will the Good Times End with a Pivot?

- Four major financial holding companies record all-time high net income... up 6.34% compared to 2022

- Explosive loan growth and artificial interest rate adjustments... profitability defended despite market rate decline

- "Good times to end following Bank of Korea's base rate cut... indicators expected to worsen"

Numbers in the News: 'Deepfake' Crimes Penetrate Classrooms

The Korean Teachers and Education Workers Union (KTU) held a press conference in front of the Government Seoul Office in Jongno, Seoul, to announce the results of an investigation into illegal synthetic substance sexual crimes in schools, strongly condemning the government for abetting sexual crimes. Photo by Yongjun Cho jun21@

- Number of victims increases with repeated investigations... total 814

- Reports from high schools account for more than half (55%)

- "Intensive crackdown until March next year... additional measures being considered"

Today's Key Schedule

○Domestic

08:55 September Trade Balance

12:00 August M3 Money Supply

16th KOSDAQ Selbion listing, offering price 15,000 KRW

16th KOSDAQ Cimes subscription, offering price 30,000 KRW

16th KOSDAQ Clobot subscription, expected offering price 9,400~10,900 KRW

○Overseas

03:00 US September Federal Budget Balance

15:00 UK September Consumer Price Index

21:15 Canada September Housing Starts

21:30 US September Import Price Index

◇Lunch & Commute Weather

○ Lowest temperature 14℃(▼3℃) ｜Highest temperature: 24℃(▲1℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon moderate

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