The Wealthy Cut Overseas Stocks by 30% and Chose 'This' Instead [3-Minute Brief]

[At a Glance]
① NH Investment & Securities: Portfolio Analysis of High Net Worth Clients with Over 3 Billion KRW
② US-China Tariff War Likely to Expand into the Financial Sector
③ "The Industry with the Highest Closure Rate Among 2030s Is Restaurants"

MARKET INDEX

○ Watching for signs of progress in US trade negotiations
○ Earnings announcements for Microsoft, Meta, Apple, and Amazon begin on the 30th
○ First quarter economic growth rate and April employment report in focus

TOP 3 NEWS

■ The wealthy reduced their overseas stock holdings by 30% this year... What did they choose instead?

○ Domestic stock balances increased by 17.6% compared to the end of last year
○ Gold spot assets also rose by 19.0%
○ Overseas stocks decreased by 30.7%

■ "The US-China tariff war could escalate from trade to finance"

○ CSIS senior advisor: "The end point is still far off"
○ Direct negotiations between Trump and Xi Jinping will take time
○ Both countries have fiscal pain leverage

■ "People said there were too many... Young people jumped in, only to sigh" - The industry that left them disappointed

○ The closure rate compared to new businesses reached 127.5%
○ General bars also at 99.1%
○ The survival rate of young entrepreneurs in Seoul is higher than in other regions

the Chart: Four major financial groups post surprise Q1 results, succeed in defending capital adequacy

○ All four major financial groups improved their Common Equity Tier 1 (CET1) ratios in Q1
○ CET1 ratios rose due to efficient capital management
○ Policies to strengthen shareholder returns are expected to continue this year

Money-making Law

■ "Ongoing wage disadvantages are considered a single act"

○ Ongoing acts such as missing out on performance reviews and promotions are recognized
○ Compliance with the application period for relief in 2018
○ Lower court ruling overturned, additional review ordered
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025042815113430987

■ Living Laws in Four Languages, Illustrated

○ The Ministry of Government Legislation produced one-page infographics
○ Provided in English, Chinese, Vietnamese, and Thai
○ Growing demand for legal information beyond just visas
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025042815351224001

■ "Lack of regulation is regulation ... The blockchain industry needs to break the mold"

○ Concerns about negative perceptions of blockchain in Korea
○ Academic societies aim to serve as legal and policy hubs
○ Government's 'shadow regulation' suppresses the industry
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025042815460970393

* "Money-making Law," a content partnership between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

○International

01:00 Speech by Bundesbank's Mauderer, Germany

16:00 Spain Eurozone Harmonized Index of Consumer Prices (YoY) (April)

23:00 CB Consumer Confidence Index (April)

23:00 US Department of Labor JOLTS (Job Openings and Labor Turnover Survey) (March)

◇Lunch & Commute Weather

○Lowest temperature: 8°C (▼2°C) ｜Highest temperature: 20°C (0°C)
○Precipitation probability: 0% in the morning｜0% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

Three minutes is all you need for essential, high-value economic news. Published daily at 8 a.m.