"Pay as Much as You Receive"... Comprehensive Inheritance Tax Reform After 75 Years [3-Minute Brief]

① "Pay as much as you receive": Comprehensive overhaul of inheritance tax
② Employment increases for two consecutive months, but youth job market remains in a deep freeze
③ "Probability of US recession close to 50%"... Summers issues warning

MARKET INDEX

○ S&P and Nasdaq rise... tariff concerns persist

○ February CPI inflation rate slows to 2.8%

○ Investor sentiment improves as inflation persistence concerns ease

TOP 3 NEWS

■ Government shifts from inheritance tax to inheritance acquisition tax... major overhaul of inheritance tax after 75 years

○ Expanded personal deductions... raised to 500 million KRW per child
○ Spouse deduction increased from current 500 million KRW to 1 billion KRW
○ With two children, at least 2 billion KRW inheritance tax exemption

■ Youth ignored in the job market... record high 500,000 'resting'

○ Employment among ages 15-29 decreased by 235,000
○ Number of 20s 'resting' surged 18.1% to 460,000
○ Employment increased for two consecutive months but youth employment winter continues

■ Diverging US inflation outlooks

○ Summers: "Highest chance of inflation expansion in 4 years"
○ Signs of wage growth and tightening labor market
○ Williams, Federal Reserve President: "Inflation slowdown phase, reaching 2% will take time"

Graphic News: "Buying houses worth 5 to 10 billion KRW while making money from coins and stocks"... the formula 'wealthy = multi-homeowners' broken

○ Transactions of high-end apartments worth 5 billion KRW surged 1.56 times

○ Increased 2.51 times based on last year

○ Demand for luxury housing up... increase in number of wealthy individuals

the Chart: Global defense market tailwind... Securities firms say "Hyundai Rotem goes further"

○ Increased demand as European countries strengthen their own defense capabilities

○ Poland's second contract signing imminent... targeting 18 trillion KRW Middle East market as well

○ Export expansion expected utilizing Poland production base

Profitable Law

■ Special tax investigation on Song Chi-hyung's lawyer fee payment... possibility of prosecution investigation

○ Risk of tens of billions KRW in additional taxes... Upbit claims "No problem"
○ National Tax Service special tax investigation on 'company money spent on litigation costs'
○ Possible embezzlement and breach of trust... related Supreme Court precedents exist

■ Small law firms armed with AI

○ Using generative AI to improve work efficiency and strengthen competitiveness
○ Popular tools include ChatGPT, Perplexity, Gemini, Claude, etc.
○ Actively studying AI usage methods... practical support at local bar associations

■ If urgently arrested after voluntary accompaniment, "submitted mobile phone also has evidentiary power"

○ Alleged role as cash collector in voice phishing... involvement in crime
○ Signed consent form after police voluntary accompaniment request
○ "Illegal detention and no evidentiary power" claim rejected as procedure not unlawful

Today's Key Schedule

○ Domestic

KOSDAQ Duzon subscription, fixed public offering price 9,000 KRW

○ Overseas

02:00 US 10-year Treasury bond auction

21:30 US initial jobless claims

16:30 Switzerland Producer Price Index (MoM) (February)

19:00 Europe Industrial Production (MoM) (January)

21:30 US Producer Price Index (MoM) (February)

◇ Lunch & Commute Weather

○ Lowest temperature 3℃(▼3℃) ｜ Highest temperature: 14℃(▲3℃)
○ Precipitation probability morning 0%｜afternoon 20%
○ Fine dust very bad in the morning｜very bad in the afternoon

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