Korea Zinc Management Dispute... Why the National Pension Service Is Smiling [3-Minute Brief]

[At a Glance]
① "30% Growth Next Year"... Tesla Soars 22%
② "Too Expensive, Won't Buy" Inventory Piles Up in Gangnam 3 Districts
③ 'Youth Leap Account' Early Termination Rate Reaches 11%

MARKET INDEX : Year to date

- KOSPI expected band 2550~2680

- US presidential election uncertainty still evident

- Market focuses on corporate earnings announcements

Top3 NEWS

■ Tesla surges 22% on Musk's remark of "30% growth next year"

- Strong Q3 performance, optimistic outlook for next year
- Market cap increased by '138 trillion KRW' in one day
- Musk's comments triggered sharp stock rise

■ "Too expensive to buy"... Inventory piling up in Gangnam 3 districts

- Apartment listings accumulating mainly in Gangnam 3 districts, Seoul
- One in five of this year's increased listings concentrated here
- Result of significant drop in transaction volume in the area

■ 'Youth Leap Account' early termination rate reaches 11%

- About 160,000 out of 1.43 million terminated early
- Some question the policy's effectiveness
- Budget increased annually... 1.1 trillion KRW over 3 years

Graphic News : "A profitable scam" Coin fraud targeting the elderly

- Hiring ultra-luxury former high-ranking lawyers with criminal proceeds... aiming for acquittal or lenient sentencing

- Criminal compensation and confiscation orders are becoming ineffective in courts, "scamming still profitable"

- Courts busy disputing guilt, making it difficult to approve compensation order requests

the Chart : Korea Zinc dispute's 'another winner' National Pension Service

- Korea Zinc crowned 'emperor stock'... National Pension Service's holding value increased by about 900 billion KRW

- "High likelihood that entrusted investment shares were sold during dispute period" responsibility for sales assigned

- Holding purpose is simple investment... spotlighted as the 'casting vote' in Korea Zinc management dispute

Terms in the News : Just taking photos with camera apps... 'Qusing' targeting youth

Shared Kickboard QR Code [Photo by National Police Agency Blog]

- Malicious applications installed via QR codes... personal information theft and micro-payments

- Remote control of smartphones used for voice phishing and bodycam blackmail... increasing cases

- Difficult to visually verify authenticity... need to learn 'Qusing scam prevention rules'

Today's Key Schedule

○Domestic

28th KOSDAQ Clobot listing, public offering price 13,000 KRW

28th KOSDAQ Theborn Korea subscription, expected public offering price 23,000~28,000 KRW

28th KOSDAQ Tomocube subscription, expected public offering price 10,900~13,400 KRW

○Overseas

20:00 UK October CBI Distributive Trades Report

21:30 Canada September Wholesale Sales

23:30 US October Dallas Fed Manufacturing Activity Index

◇Lunch & Commute Weather

○ Lowest temperature 14℃(▲3℃) ｜Highest temperature : 20℃(0℃)
○ Precipitation probability 20% 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.