"Did They Earn Too Much?"... Why Banks Are Shaking [3-Minute Brief]

[At a Glance]
① Kim Byunghwan's 'Policy Keywords' Are Management, Debt, Stability
② Jensen Huang's Focus on India, Samsung, and SK Moves
③ Korea Zinc's Consecutive Surge Shakes the Stock Market

MARKET INDEX

- US New York Stock Exchange's three major indices all closed lower

- Semiconductor stocks plunge drags down overall indices

- Super Micro reports accounting fraud allegations, down 32.7%

TOP 3 NEWS

■ Four Major Financial Holding Companies Earn Record High 5 Trillion KRW in Q3

- Major domestic banks post record highest net income
- Real estate market recovery and high interest rates aid profits
- Some political circles express concerns over 'social contribution demands'

■ [Kim Byunghwan 3 Months] 'Policy Keywords' Ranked Management > Debt > Stability

- Persistent controversies surrounding Kim Byunghwan's 'four core policies'
- Debates continue over solutions for household loan management
- Key issues include smooth landing of real estate PF and second-tier financial soundness

■ Jensen Huang's Focus on India... Samsung and SK's Moves

- "Will become an AI export country in the future"
- Samsung and SK expected to receive strong love calls
- Micron and TSMC also investing

Graphic News: Korea Zinc's 2.5 Trillion KRW Capital Increase Shocks with Limit-Down

- Korea Zinc's sudden capital increase announcement causes stock price plunge to limit-down

- Capital increase and employee stock ownership mobilized to narrow 3% gap with MBK Alliance

- Major shareholders like National Pension Service and Hyundai Motor face dilution

Money-Making Law

■ Bar Association President's 'Blind Election' Concerns

- Amendment passed to extend president's term and shorten election campaign period
- Declining voter turnout... last election recorded lowest turnout ever
- "Did not even know when the announcement was made... leadership will be difficult"
☞ Read article: https://www.asiae.co.kr/article/2024103014051432124

■ 13 Million Tattoo Users but Conflicts Arise over 'No Tattoo Zones'

- People with tattoos banned from entry... 'No Tattoo Zones' appear in hotels and fitness centers
- "May cause discomfort to others... approach considering size, shape, and location"
- "No real impact on business, possibility of equality rights infringement... legal sanctions should be cautious"
☞ Read article: https://www.asiae.co.kr/article/2024103014141989409

■ Why Are the Minister of Justice and Prosecutor General Together? Politics Crosses the Line

- Long-standing unwritten rule: "Minister of Justice and Prosecutor General do not attend the same place"
- "To protect prosecutorial independence... this National Assembly audit sets a bad precedent"
- "Indiscriminate summons by the National Assembly will undermine prosecutors' pride"
☞ Read article: https://www.asiae.co.kr/article/2024103014200718424

※ 'Money-Making Law,' a content partnership corner between Asia Economy and Legal Newspaper, is published every Tuesday and Thursday.

Terms in the News: Controversy over 'Puxinnan' Dividing Chinese Men and Women

Yangri talking about 'Pusinnan' [Source=YouTube]

- New term for 'men who appear ordinary or unattractive but have unfounded confidence'

- Comedian Yang Li becomes a representative figure of 'gender conflict' while addressing sexism issues

- Male boycott with "will boycott" over Yang Li's selection as advertising model... brand apologizes

Today's Key Schedule

○ Domestic

08:00 September Industrial Production

08:00 September Retail Sales

31st KOSDAQ Eugene SPAC No.11 Listing, Offering Price 2,000 KRW

31st KOSDAQ Sungwoo Listing, Offering Price 32,000 KRW

○ Overseas

08:50 Japan September Industrial Production

09:30 Australia September Building Approvals

10:30 China October Manufacturing PMI

12:00 Japan Interest Rate Decision

16:00 Germany September Retail Sales

16:45 France October Consumer Price Index

18:00 European Central Bank Bulletin

19:00 Eurozone October Consumer Price Index

19:00 Eurozone September Unemployment Rate

21:30 US September Core Personal Consumption Expenditures Price Index

21:30 US Initial Jobless Claims

21:30 Brazil September Debt-to-GDP Ratio

22:45 US Chicago October Purchasing Managers' Index

◇ Lunch & Commute Weather

○ Lowest Temperature 11℃(0℃) ｜Highest Temperature: 22℃(▲2℃)
○ 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.