Will High Exchange Rates Lead to High Inflation? [3-Minute Brief]

[At a Glance]
① "My Salary Decreased" The Martial Law Costs Paid by the People
② DRAM Prices Fell 36% in Four Months, China's 'Half-Price Offensive'
③ Top Savings Banks Cut to One-Tenth... Large Firms Struggling

MARKET INDEX

○ US New York Stock Exchange's three major indices all declined
○ Nvidia under antitrust investigation in China... impact of poor performance
○ Federal Reserve refrains from related comments ahead of FOMC

TOP 3 NEWS

■ "Salaries have decreased" The 'Martial Law Cost' ultimately paid by the people

○ Overseas expatriates' salaries cut, 'Gireogi parents' financially strained
○ Additional risk premium costs in transactions with Korean companies
○ Somber national mood during year-end peak season... burden on self-employed

■ DRAM prices fell 36% in four months... influenced by China's 'half-price' offensive

○ Impact of weak demand and oversupply
○ China's CXMT and JHICC low-priced DRAM assault
○ DDR5 supply also increasing, crisis expected early next year

■ Top-tier savings banks' assets cut to one-tenth... major firms also dropped from the '88 Club'

○ Rapid decrease in '88 Club' savings banks... 6 firms in Q3
○ OK, Korea Investment, Welcome major firms also excluded
○ "Deterioration in soundness due to real estate PF defaults"

the Chart: Martial Law Impact Exchange Rate Shock... Will Import Prices Rise Again?

○ Exchange rate surged after martial law... import prices and overseas travel costs increased
○ Continued political risk... intensified price pressure due to high exchange rate
○ Inflation rate likely to approach 2% again

Terms in the News: 'Yamibaito' Fear... Japan's Demand for Security Products Surges

○ Recruiting crime participants with hardship and quick cash bait
○ White mask robbery incidents shock Japanese society
○ Sales of security and self-defense products rise due to new types of crime

Today's Key Schedule

○Domestic

10th KOSDAQ Oncocross subscription, public offering price 7,300 KRW

10th KOSDAQ Onconic Therapeutics subscription, public offering price 13,000 KRW

10th KOSDAQ ISTE subscription, expected public offering price 9,700~11,400 KRW

Incheon e-Pyeonhansesang Dongincheon Bayfront

Seoul Changgyeonggung Lotte Castle Signature

Seoul Acro Ritz County

○Overseas

09:30 Australia National Australia Bank November Business Confidence Index

12:00 China November Trade Balance

12:30 Australia December Interest Rate Decision

16:00 Germany November Consumer Price Index

21:00 Brazil November Consumer Price Index

22:30 US Q3 Labor Costs

◇ Lunch & Commute Weather

○ Lowest temperature -2℃(▲1℃) ｜ Highest temperature: 7℃(▲1℃)
○ Precipitation probability 10% in the morning｜20% in the afternoon
○ Fine dust Good in the morning｜Moderate in the afternoon

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