Employment Drops into Negative for the First Time in Over 4 Years Amid Hiring Freeze [3-Minute Brief]

[At a Glance]
① Yangyang Airport Surrounded by 15 Orchards
② "Break Through the Electric Vehicle Chasm" 7.9 Trillion KRW Support
③ SK Approaches World's First Mass Production of Glass Substrates

MARKET INDEX

○ US New York stock market's three major indices closed with a unified rise

○ December last year CPI... up 2.9% year-on-year

○ Core CPI below expectations, easing inflation concerns

TOP 3 NEWS

■ Martial law situation shakes employment... Number of employed decreases for the first time in about 4 years

○ Number of employed decreased by more than 50,000 last month
○ Turned negative for the first time in 3 years and 10 months
○ Annual number of employed also halved compared to the previous year

■ "Flocks of birds coming and going"... Yangyang Airport surrounded by 15 orchards

○ Ministry of Land, Infrastructure and Transport's data on 'bird attraction facilities around airports'
○ All 12 facilities around Muan Airport are under special management
○ Yangyang Airport surrounded by orchards is also serious

■ "Break through the electric vehicle chasm"... 7.9 trillion KRW financial support for secondary batteries

○ Government's Ministerial Meeting on Strengthening Industrial Competitiveness
○ Plans to enhance competitiveness of eco-friendly vehicles and secondary batteries
○ Policy financial support worth 7.9 trillion KRW also included

the Chart : "Big Tech found it first"... SK approaches world's first mass production of glass substrates

○ Absolix aims for mass production by the end of this year and delivers samples to key customers

○ Possesses advanced technology in manufacturing large-area substrates... increasing workforce recruitment

○ Need to verify yield and supply chain reliability during mass production process

Money-Making Law

■ Bar Association president election turnout is the final variable

○ Election on the 20th... term extended from 2 years to 3 years
○ 2023 election recorded the lowest turnout since direct elections began
○ "Vote with earnest heart" vs "Expectations have diminished"

■ Foreign courts expanding use of AI

○ Administrative Office conducting research on AI utilization in law
○ Analyzing cases from the US, Germany, Austria, UK, and others
○ Careful review needed on introduction of sentencing evaluation systems

■ Seoul Bar Association president candidates competing with bold pledges

○ Park Jong-heun proposes full refund of president's salary and point cashback system
○ Park Byung-cheol: "No monthly fees until network law firm regulations are realized"
○ Jo Soon-yeol: "Will not take president's salary and strive to normalize legal market"

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

Terms in the News: 'Dup' is rising

Walkin Bag and Birkin Bag review videos. TikTok

○ 'Dup consumption' pursuing 'alternative products' to luxury goods... such as Walkinbag

○ "Consumers hungry for discounts find high-quality replicas attractive"

○ Popular domestically due to economic recession, high prices, and value-for-money preference

Today's Key Schedule

○ Domestic

10:00 January interest rate decision

16th KOSDAQ Day One Company subscription, public offering price 13,000 KRW

16th KOSDAQ WiseNut subscription, public offering price 17,000 KRW

16th KOSDAQ Samyang NChem subscription, public offering price 18,000 KRW

○ Overseas

00:30 US crude oil inventory

10:00 People's Bank of China loan prime rate

16:00 UK November monthly GDP

16:00 Germany December consumer price index

22:30 US initial jobless claims

22:30 US December retail sales

◇ Lunch & Commute Weather

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

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