Depressed US Stock Market, Where Did the Santa Rally Go? [3-Minute Brief]

[At a Glance]
① "Growing Economic Concerns" January Interest Rate Cut Outlook
② Will Auto Insurance Premiums Drop with Win-Win Finance?
③ Foreign Investors Sell Financial Stocks Worth 1 Trillion Won... Value-Up Exit

MARKET INDEX : Year to date

○ US New York Stock Exchange's three major indices all closed higher

○ Nasdaq index, led by tech stocks, rose 0.98%

○ Market closes at 1 PM, closed on the 25th for Christmas holiday

Top3 NEWS

■ "Growing Concerns Over Korean Economy" IBs Forecast Rate Cut in January

○ Global investment banks express repeated concerns over Korean economy
○ Will the Bank of Korea cut the base rate in January to stimulate the economy?
○ Trump's second-term administration's tariff imposition also negative

■ "No Santa Rally in US Stock Market This Year" Pessimism Spreads

○ Fed signals slowing down rate cut pace
○ Mixed outlooks for year-end and early new year market
○ Market already strong due to Trump rally

■ Will Car Insurance Premiums Drop Amid Win-Win Finance Movement?

○ Financial sector's 'Win-Win Finance Season 2' kicks off
○ Despite soaring car insurance loss ratio this year
○ Possibility of premium freeze or reduction

the Chart : Foreigners Sell 1 Trillion Won in Financial Stocks... 'Value Up' New Money Withdraws

○ Foreign investors net sold 1.037 trillion won worth in financial sector stocks in December

○ Conflicting interpretations: "Confidence in Korean stock market shaken" vs "View not significantly damaged"

○ Diagnosis: "In the context of short-selling ban, seems to be seeking alternatives outside Korea"

Money-Making Law

■ Even Registered Directors Are Considered Employees If They Write Labor Contracts and Take Orders

○ Voluntary resignation encouraged with recommendation resignation agreement presented but rejected
○ Dismissed for violating employment rules... unfair dismissal relief application recognized
○ Court: "Labor contract maintained regardless of term expiration date, qualifies as employee"

■ Permanent Ban of ID for 'Proxy Gaming' Is Unfair

○ 'Proxy gaming' suspicion raised during MMORPG event period
○ Smilegate detected suspicious accounts and permanently banned usage
○ Court: "No prior notice of sanctions, permanent ban is excessive"

■ Does the Amendment to the Commercial Act Find Common Ground Between Companies and Shareholders?

○ Democratic Party holds a forum on Commercial Act amendment at the National Assembly on the 19th
○ "Hurts competitiveness... solution is to raise the essential value of companies"
○ "Reform at a bearable level, cannot attract investors who have turned away"

Terms in the News: The Standard for Ordinary Wages Changed for the First Time in 11 Years... Conditional Regular Bonuses Included

○ Supreme Court ruled in 2013 that "Conditional bonuses during employment are not ordinary wages"

○ Precedent overturned after 11 years: "The concept of fixity contradicts the purpose of the Labor Standards Act"

○ Increase in workers' allowances and severance pay... increased financial burden on companies and wage gap

Today's Key Schedule

○ Domestic

06:00 December Consumer Confidence Index

On the 24th, KOSDAQ ThreeAlogics listing, offering price 11,000 won

Chungnam Triven Nonsan

Gyeonggi Uijeongbu Station Dachaeroum

○ Overseas

00:00 US December CB Consumer Confidence Index

08:50 Bank of Japan Monetary Policy Meeting Minutes

09:30 Reserve Bank of Australia Monetary Policy Meeting Minutes

22:30 US November Building Permits

◇ Lunch & Commute Weather

○ Lowest temperature: -6℃ (0℃)｜Highest temperature: 3℃ (▼1℃)
○ Precipitation probability: Morning 20%｜Afternoon 0%
○ Fine dust: Morning Good｜Afternoon Moderate

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