Samsung Electronics HBM, Nvidia Supply Countdown [3-Minute Brief]

[At a Glance]
①Exports Increase for 13 Consecutive Months
②South Korea's Growth Rate Below 2% Next Year
③Parent Company Stock Falls Due to Gucci's Poor Performance

MARKET INDEX

○ US New York Stock Exchange's three major indices all closed higher
○ Dow Jones Industrial Average closed at an all-time high
○ Previously surged dollar and government bond yields declined

TOP 3 NEWS

■ November Base Rate Freeze Confirmed, Possible Cut in January

○ Economic experts forecast Bank of Korea's base rate freeze in November
○ Many variables such as high exchange rate and household debt concerns make cuts difficult
○ US expected to cut base rate by 0.25 percentage points in December

■ "Cooperation with Competitor TSMC"…Samsung Electronics' Decision Opens Door for Nvidia?

○ Industry attention on Jensen Huang, Nvidia CEO's remarks
○ "Samsung Electronics' AI memory chip supply approval will proceed quickly"
○ If memory supply is realized, full competition with SK Hynix will begin

■ Semiconductor and Automobile Exports from January to October Reach Record High

○ Ministry of Trade, Industry and Energy: "Exports have increased for 13 consecutive months"
○ Trade balance has recorded a surplus for 17 consecutive months
○ "Market uncertainty sharply increased... Opportunity factors must be leveraged"

the Chart: "Achieving 2% Growth Rate in Korea Next Year is Difficult"

○ 8 out of 10 experts say "Growth rate below 2% next year"
○ Half of experts expect 2.2% economic growth rate this year
○ Possibility of lower growth rate and higher inflation with Trump’s second term

Profitable Law

■ Will the Seoul Central District Prosecutor's Office Chief Position Become Vacant?

○ Non-prosecution decision on Kim Geon-hee's stock manipulation case
○ Democratic Party pushes for impeachment of Central District Prosecutor's Chief… unprecedented
○ Concerns over paralysis of prosecution organization and increased political controversy
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024112517120825020

■ "Seonggyeong Food's Korean Peninsula Map Trademark Registration Denied"

○ Supreme Court final rejection of Korean Peninsula map trademark registration
○ "No record of exclusive use of the trademark found"
○ Judgment that it is difficult to identify the source of specific products by map alone
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024112517131634181

■ "No Impeachment for Prosecutors Investigating Politicians in the US"

○ Maintaining prosecutorial independence… blocking political influence
○ Incompetence handled by discipline or dismissal, no impeachment cases
○ Solving cold cases through cooperation and use of digital evidence
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024112517145045000

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

Person in the News: Gucci's Humiliation… Founder Drops Out of Top 100 Rich List

○ Gucci's slump causes Kering's stock to plunge 50%
○ Pino founder falls out of top 100 after 12 years
○ Market impact due to decreased demand from China

Today's Key Schedule

○Domestic

06:00 November Consumer Confidence Index

Seoul E-Pyeonhansesang Dangsan River Park

Gyeonggi Hwaseong Bibong Geumseong Baekjo Yemi-ji 2nd Phase (B1)

Gyeonggi Pyeongchon Xi Persnity

Jeonbuk Jeonju Jeonju Inhudoong Maru Hill Central

Chungbuk Seongseong Xi Lake Park

Seoul One I Park

Daegu Sangin Prugio Center Park

Gyeonggi The Platinum Sky Heron

○Overseas

22:00 US Building Permits

22:30 Canada October Wholesale Sales

23:00 US September 20-City Home Price Index

◇ Lunch & Commute Weather

○ Lowest temperature 8℃(▲4℃) ｜ Highest temperature: 9℃(▼6℃)
○ Precipitation probability 60% in the morning｜60% 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.