12 Trillion Won Extra Budget Amid Mounting Risks... Is This Enough? [3-Minute Brief]

[At a Glance]
① Government approves supplementary budget of 12.2 trillion won at Cabinet meeting
② Ministry of Employment allocates 211.3 billion won in supplementary budget... 81.9 billion won increase for wage arrears "advance payment"
③ WSJ: "Discussion on dismissing Powell continued until early March"

MARKET INDEX : Year to date

○ Wall Street lowers outlook for US stock market
○ Concerns intensify over trade war triggered by Trump
○ Interpreted as a sign that expectations for US stocks have been adjusted downward

Top3 NEWS

■ Additional issuance of 8.1 trillion won in government bonds... 66% of the 12.2 trillion won to be financed by national debt

○ With debt-financed supplementary budget, managed fiscal deficit to GDP ratio rises from 2.8% to 3.2%
○ Not aimed at economic stimulus... Possibility of a second supplementary budget
○ Government says, "For now, we need to focus on economic recovery"

■ 30 billion won support for regions with sluggish employment... 81.9 billion won increase for response to wage arrears

○ First supplementary budget approved
○ Projects launched to respond to crises and restore livelihoods
○ Additional 25.4 billion won allocated to create youth jobs

■ Trump discusses dismissing Powell... To Powell, who criticized tariffs: "If I want, you're out right away"

○ Kevin Warsh proposed as next Fed Chair
○ US Treasury insists on guaranteeing Powell's term and keeps internal discipline
○ Trump again pressures Powell to step down

Graphic News: LocknLock fills its cash reserves?will it seek to recover investment through high dividends?

○ Secured 150 billion won in cash through asset sales and liquidation of subsidiaries
○ 'Exit signal' ahead of acquisition financing maturity
○ Last year, disposed of real estate and tangible assets, converting a total of 86.1 billion won into cash

the Chart: US imposes port entry fees on Chinese ships... Expectations rise for benefits to Korean shipbuilders

○ Global shipowners likely to divert Chinese-avoided cargo to Korea
○ Shipping industry faces difficulties... Freight rates expected to rise inevitably
○ Fees to be imposed starting this October... Industry says, "Needs monitoring"

Today's Key Schedule

○Domestic

○International

10:00 People's Bank of China (PBoC) Loan Prime Rate (April)

23:00 US Leading Index (MoM) (March)

◇ Lunchtime & Evening Commute Weather

○ Lowest temperature: 11°C (▼3°C) ｜ Highest temperature: 25°C (▲3°C)
○ Precipitation probability: Morning 0%｜Afternoon 0%
○ Fine dust: Moderate in the morning｜Moderate in the afternoon

All you need in 3 minutes: essential, value-for-time economic news. Published daily at 8 a.m.