This Company with Higher Bonuses Than Hynix [3-Minute Brief]

[At a Glance]
① Foreign Investors Turn Away Amid Uncertainty in the Insurance Industry
② Red Flags for Non-Performing Loan Risks in Corporate Lending at 5 Major Banks
③ “Thanks to Seohak Gaemi,” Kakao Pay Securities Records First Profit

MARKET INDEX

○ On the 24th, the US New York stock market rose across the board
○ Big tech continues to show strength... Santa rally expected
○ Nvidia is the most popular stock in the US this year

TOP 3 NEWS

■ More than SK Hynix... HD Hyundai Electric announces 'record-high performance bonuses'

○ Performance bonuses expected to be in the 1200% range... labor-management agreement planned
○ Expected to be paid after Q4 earnings are tallied
○ Leading the US ultra-high voltage transformer market... operating profit in the 20% range

■ Foreign investors turn away due to insurance accounting uncertainties

○ After the announcement of insurance accounting guidelines
○ Foreign investors sold 160 billion KRW worth of insurance stocks
○ Weakness due to dividend uncertainties of insurance companies

■ Red flag on bad loan risks in corporate loans of the five major banks... interest not even being collected

○ 70% of non-performing loans classified as fixed or below are corporate loans
○ 'Empty shell loans' or non-performing loans without income surged compared to last year
○ Exchange rate surge increases corporate foreign exchange loss risks

the Chart: "Thanks to Seohak Gaemi"... Kakao Pay Securities turns profitable in first quarter

○ Q4 profitability likely... lump-sum employee bonus leave to be given
○ Achieved targets faster than industry expectations thanks to Seohak Gaemi
○ Trading fee increased by 0.1%... revenue growth without customer churn

Numbers in the News: Reasons for rising kimchi-making costs... cabbage and radish production down 6% and 21%

○ Fall cabbage and radish production decreased... kimchi-making costs up 20%
○ Prices of cabbage and radish surged by 61.1% and 65.9%, respectively
○ Kimchi imports increased by 7.4%... trade deficit tripled

Today's Key Schedule

○ Domestic

○ Overseas

14:00 Japan November housing starts

20:00 France November total job seekers

22:30 US initial jobless claims

◇ Lunch & Commute Weather

○ Lowest temperature -2℃(0℃) ｜ Highest temperature: 2℃(▼1℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning bad｜afternoon moderate

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