Even with Rising National Income... It Didn't Reach Wallets [3-Minute Brief]

[At a Glance]
① Large Corporation M&A Drops 40%, Only One Deal Over 1 Trillion Won
② Political Vacuum as Trump’s Second Term Approaches, No Strength in Trade
③ “Market Slump, Impeachment Too”... Red Alert on Local Real Estate

MARKET INDEX

○ US New York Stock Market's three major indices all fell
○ Disappointment over 'hawkish rate cuts', investor sentiment stiffens
○ US 10-year Treasury yield surpasses 4.5%

TOP 3 NEWS

■ Large-scale M&A drops 40%... Only one deal over 1 trillion KRW by Korean Air

○ CEO Score surveyed top 500 companies by sales
○ Aggressive leaders like Kakao, SK, and Naver reduced their activity
○ LS Electric leads with a total of 5 M&A deals

■ National income increased 540 times but perceived income decreases, 'household finances tight'

○ Speed of per capita national income growth outpaces
○ Household disposable income rises slowly
○ Households' perceived income worsens increasingly

■ Political vacuum weakens trade power

○ Yoon's suspension makes trade negotiations difficult
○ De facto impossible to maintain full authority
○ Control tower needed compared to Trump era

the Chart: 'Red light' on local housing sales market

○ 6 out of 7 major construction companies reduce local housing sales volume
○ "Local real estate market slump compounded by impeachment"
○ "Polarization between local and metropolitan housing sales markets gradually increasing"

Money-making Law

■ Three candidates declare for Bar Association president

○ Candidates An Byung-hee, Geum Tae-seop, and Kim Jeong-wook declare candidacy
○ Present visions for protecting lawyers' rights and creating markets
○ Pledge to overcome Bar Association crisis through change and innovation
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024121814125099060

■ Controversy over victim's deposit 'surprise receipt' deceiving the court

○ Initially refused but took it the day before sentencing
○ Court unaware and made sentencing decision
○ "Intent to abuse system and deceive the court"
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024121814104276192

■ Trump mentioned North Korea 287 times and South Korea 100 times in 4 years of speeches

○ AI report by law firm Daeryuk Aju
○ Besides US, China mentioned most at 4,202 times
○ South Korea mentioned least among major allies
☞Read article: https://www.asiae.co.kr/article/lawtimes/2024121814085961667

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

Terminology in the News: Distinguishing X, M, Z generations is meaningless... 'Perennial Generation' is coming

○ Perennial thinking style... transcending age and generation
○ Parents and children generations share common tastes and sensibilities
○ Expected positive impact on GDP growth potential

Today's Key Schedule

○Domestic

19th KOSDAQ Onconic Therapeutics listing, offering price 13,000 KRW

○Overseas

00:30 US Atlanta Fed Q4 GDPNow

00:30 US crude oil inventory

04:00 US interest rate decision

04:00 FOMC economic outlook and statement

12:00 Japan interest rate decision

16:00 Germany January Gfk consumer sentiment

21:00 UK December interest rate decision

22:30 US Q3 GDP

22:30 US December Philadelphia Fed business outlook

◇ Lunch & Commute Weather

○ Lowest temperature -5℃(▲1℃) ｜ Highest temperature: 5℃(▲4℃)
○ Precipitation probability morning 0%｜afternoon 10%
○ Fine dust morning moderate｜afternoon moderate

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