Shaken by External Winds... Last Year KOSPI Falls Below 2400 [3-Minute Brief]

[At a Glance]
①Minimum wage 10,000 won per hour, 1 million won tax credit for marriage
②"Care workers youth rate 5-8% in other countries, but 1.3% in Korea"
③Last year exchange rate surged 13.2%... Small businesses hit first

MARKET INDEX : Year to date

○ New York stock market boom, ETF record-high inflows
○ Expectations for Trump trade including tax cuts
○ Active funds see record-high outflows

Top3 NEWS

■ [What changes in the new year] Minimum wage 10,030 KRW per hour · Marriage tax credit 1 million KRW

○ Minimum wage increased to 10,030 KRW per hour
○ Increase in households supported by childcare services
○ Maximum couple tax credit of 1 million KRW

■ KOSPI shaken by external factors, finally falls below 2400

○ KOSPI below 2400 on the last day of this year
○ Down 9.6%, underperforming major countries
○ Foreign selling amid uncertainty, Samsung Electronics underperformance

■ "Caregiving youth, other countries 5~8%, but only 1.3% in Korea?"

○ Family caregiving time question added in Statistics Korea population survey
○ Caregiving time hard to measure, calls for expanded discretion
○ "Caregiving youth should be identified at eup, myeon, dong level"

Graphic News : Last year exchange rate surged 13.2%... highest increase in 16 years

○ Largest increase since the 2008 global financial crisis
○ Global dollar strength and martial law incidents among factors
○ Political instability could soon push rate to 1,500 KRW

the Chart : This year's government bond limit 198 trillion KRW… real issuance volume expected to rise

○ Government bond issuance up 39.2 trillion KRW next year
○ Net issuance 80 trillion KRW… increase of 30.1 trillion KRW
○ Additional issuance possible if supplementary budget is set

Person in the News : Steve Davis, who dominates DOGE with a Musk 'doppelganger' style

○ Steve Davis, CEO of Boring Company, with a 20-year connection

○ "Helping prepare government efficiency department"… cost reduction expert

○ Musk doppelganger… radical cost cuts and long working hours

Today's Key Schedule

○Domestic

06:00 December Producer Price Index

09:30 December Nikkei Manufacturing PMI

Chungnam Tangjeong Prugio Center Park (C1)

Chungbuk Cheongju Technopolis Hartium The Metro (S4)

○Overseas

10:45 China December Caixin Manufacturing PMI

16:00 UK December Nationwide House Price Index

18:00 Eurozone December Manufacturing PMI

18:30 UK December Manufacturing PMI

22:30 US Initial Jobless Claims

23:45 US December Manufacturing PMI

◇Lunch & Commute Weather

○ Lowest temperature -3℃(0℃) ｜ Highest temperature: 6℃(▲2℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning moderate｜afternoon moderate

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