National Pension Service Turns to Domestic Market, Here's What They Bought [3-Minute Brief]

[At a Glance]
① Last Year Jan-Nov National Budget Deficit Third Largest Ever at 81 Trillion Won
② US Divides Global AI Chip Exports into 3 Stages for Final Controls
③ Additional Supplementary Budget Expected, Will National Debt Reach Record High?

MARKET INDEX : Year to date

○ Former President Carter's State Funeral, New York Stock Market Closed

Top3 NEWS

■ Last Year’s January-November National Budget Deficit 'Third Largest Ever' 81 Trillion KRW

○ National Pension Fund Income Increased Due to Overseas Investments
○ National Debt Balance at... 1,159.5 Trillion KRW
○ Third Largest Deficit Based on Data up to November

■ National Pension Bets on 'Domestic Demand Boost'... Increased Stake in Top 3 Retailers

○ Expanded Proportion of Domestic Stocks Including Top 3 Retailers
○ PNH Tech and Cosmax Have the Largest Shares
○ However, Isu Petasys, Controversial Due to Rights Offering, Reduced

■ US Divides Global AI Chip Export Controls into 3 Tiers... South Korea Exempted

○ Bloomberg: “Allies Including South Korea Focused on AI”
○ North Korea, China, Russia Classified as Hostile Countries in Tier 3 and Banned
○ Most Others Subject to Caps... Must Follow US Rules

Graphic News : Hyundai Motor Group’s Record Domestic Investment of 24 Trillion KRW This Year

○ Proactive Investment to Prepare for Global Business Variables This Year
○ 24.3 Trillion KRW, 19% Increase Compared to Last Year
○ About Half of Investment, 11.5 Trillion KRW, Allocated to R&D

the Chart : Additional Supplementary Budget Expected... Will 'Record High' Government Bonds Increase Further?

○ Democratic Party Demands at Least 20 Trillion KRW Supplementary Budget
○ This Year’s Government Bond Size Over 200 Trillion KRW
○ Growing Concerns Over Fiscal Health Due to Increasing Bonds

Terms in the News : Future City, Toyota’s 'Woven City'

○ Autonomous Vehicles, Robots, Smart Homes, Artificial Intelligence (AI), etc.
○ A City to Demonstrate Advanced Technologies in Real Life
○ "Phase 1 of the Project Completed... 100 Residents Expected This Fall"

Today’s Key Schedule

○Domestic

11:00 January Thomson Reuters OPSOS PCSI

○Overseas

03:00 US Atlanta Fed Q4 GDPNow

06:30 Federal Reserve Balance Sheet

08:30 Japan November Household Spending

16:45 France November Consumer Spending

18:40 China December New Loans

21:00 Brazil December Consumer Price Index

22:30 US December Average Hourly Earnings

22:30 US December Nonfarm Payrolls

22:30 US December Unemployment Rate

22:30 Canada December Unemployment Rate

◇ Lunch & Commute Weather

○ Lowest Temperature -12℃(▼2℃) ｜ Highest Temperature : -2℃(▲6℃)
○ Precipitation Probability Morning 0%｜Afternoon 0%
○ Fine Dust Morning Good｜Afternoon Good

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