Trump's Second Term, Will Visa Offices Close Again? [3-Minute Brief]

[At a Glance]
①Bank Household Loan Growth Declines for 3 Consecutive Months
②343 Cases of 'Patent Rights Checks' Concentrated Only in Korea
③Early November Export Plunge, "Only a Temporary Phenomenon"

MARKET INDEX

○ US New York Stock Market's three major indices all closed higher
○ Tesla surged over 9%, Bitcoin hits another all-time high
○ Trump trade policy signals 'pro-business' stance

TOP 3 NEWS

■ Household loan growth in banking sector declines for third consecutive month

○ Bank of Korea's October Financial Market Trends
○ Secondary financial institutions' loans begin to increase
○ Concerns over 'balloon effect' in household loans

■ 343 patent rights concentrated in Korea, none in US and Europe

○ Applied Materials filed 343 applications
○ No cases in US and Europe
○ Need to strengthen preparations against 'patent minefield'

■ Early November exports down 17.8%... "Temporary phenomenon, positive by month-end"

○ Export value from 1st to 10th: $14.9 billion
○ Semiconductor exports increased by 17.4%
○ Exports to US and China declined simultaneously

Graphic News: Trump's first term visa rejection rate doubles

○ Biden administration 3.2%, Trump first term 17.8%
○ Industry: "Trump's second term visa issuance will be even tougher"
○ US Congress support also shrinks... down to one-third in 10 years

Law That Pays

■ Law firms jump on the 'Trump Effect'

○ Increased uncertainty in international politics and trade... law firms engage in information warfare
○ Analyzing US presidential election impact... distributing newsletters and preparing seminars
○ Experts expect protectionist policies to continue
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024111113464544796

■ Do you know the 'Accountability Structure' implemented in July?

○ Regulations on management responsibility for financial accidents
○ Authorities can now request dismissal
○ Role of professional compliance officers to increase
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024111113481457143

■ Korean company integrated with foreign firm... dismissal due to business closure ruled unfair

○ Domestic corporation integrated with overseas subsidiary faced unfair dismissal
○ Supreme Court: effectively one workplace, Labor Standards Act applies
○ Insufficient grounds for dismissal pointed out... labor protection ruling upheld
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024111113481457143

※ 'Law That Pays' is a content partnership corner between Asia Economy and Law Times, published every Tuesday and Thursday.

People in the News: The 'Strong' Men Who Shared Trump's Victory Moment

○ Prominent sports figures who actively supported Trump's campaign
○ UFC President White, US Open champion DeChambeau
○ Greatly helped solidify male support base

Today's Key Schedule

○ Domestic

12th KOSDAQ Nomus listing, public offering price 30,000 KRW

12th KOSDAQ Kyobo 17th SPAC subscription, public offering price 2,000 KRW

12th KOSDAQ Meatbox subscription, expected public offering price 23,000~28,500 KRW

Gyeonggi Pyeongtaek Brain City Hanshin The Hue (7BL)

Chungbuk Cheonan I-Park City

Gyeonggi Icheon Jungri District Shinhan Insville Prestige (A2)

Ulsan The Sharp Cierne

Gyeonggi Gwangmyeong Yoosung Han Nae De La Foret (A4)

Gyeonggi Gonjiam Station Jeil Punggyeongchae (A1-1)

Incheon Geomdan New Town Prugio The Park (AA28)

○ Overseas

09:30 Australia National Australia Bank October Business Confidence Index

16:00 UK September Unemployment Rate

16:00 Germany October Consumer Price Index

19:00 Eurozone November ZEW Economic Sentiment Index

21:00 OPEC Monthly Report

21:00 Brazil September Retail Sales

22:30 Canada September Building Permits

◇ Lunch & Commute Weather

○ Lowest temperature 10℃(0℃) ｜ Highest temperature: 19℃(▼2℃)
○ Precipitation probability morning 0%｜afternoon 10%
○ Fine dust morning good｜afternoon moderate

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