'Fear of R' Becomes Reality?... This Year's Growth Forecast Slashed to 0.8% [3-Minute Brief]

[At a Glance]
① Korea's Economic Growth Rate Slashed from 1.5% to 0.8%
② Lee Jaemyung Pledges Ministry of Economy and Finance Restructuring
③ U.S. Judiciary Blocks 'Reciprocal Tariffs'... White House Calls It a 'Judicial Coup'

MARKET INDEX : Year to date

○ The three major U.S. stock indices in New York closed slightly higher.
○ Investor sentiment was revived by Nvidia's surprise earnings, but gains were limited due to confusion over tariff policies.
○ First quarter growth rate at -0.2%... New jobless claims increased.

Top3 NEWS

■ 'Fear of R' Looms Over Korean Economy... Bank of Korea Slashes Growth Forecast to 0.8% and Cuts Interest Rate

○ Korea's economic growth forecast plummets from 1.5% to 0.8%
○ Domestic demand contraction and export slowdown... Next year's forecast also revised down to 1.6%
○ Interest rate cut by 0.25 percentage points to an annual rate of 2.50%

■ Lee Jaemyung Moves to Weaken Ministry of Economy and Finance... Government's 'Budget Increase Consent Right' Also Reduced

○ Democratic Party of Korea announces policy pledges
○ Signals reduction of government's budget authority
○ National Assembly to strengthen oversight and management of public institutions

■ U.S. Federal Court Cancels Trump’s Reciprocal Tariffs... White House to Appeal Immediately

○ "No unlimited authority granted to the government"
○ White House criticizes as "runaway judicial coup"
○ Legal battles expected to continue between the executive and judicial branches

Graphic News: VCs Only Looking at Book Value... Lack of 'Foresight' in Finding Unicorns

○ "Government-led VC investments have little effect on expanding early-stage investments"
○ Limitations in the size of the Korean market... Need to secure a global network
○ Lack of ability to discern technological capabilities... When one invests, others follow en masse

the Chart: Delinquency Rates Rise Across All Second-Tier Financial Sectors... Growing Risk of Insolvency

○ Delinquency rates increased for insurance, credit card, savings banks, and mutual finance sectors
○ Borrowers vulnerable to economic downturn are turning to second-tier financial institutions
○ Many deficit-ridden companies in savings banks and mutual finance, increasing insolvency risk

Today's Key Schedule

○Domestic

On the 29th, KOSDAQ GC Genome subscription, confirmed public offering price at 10,500 KRW

08:00 Retail Sales (MoM), Industrial Production (MoM) (April)

○International

01:00 U.S. Crude Oil Inventories

05:00 Speech by U.S. Federal Open Market Committee member Daly

08:30 Japan Tokyo Core Consumer Price Index (YoY) (May)

15:00 Germany Retail Sales (YoY) (April)

17:00 Germany Consumer Price Index (YoY) (May)

23:00 U.S. Michigan 5-Year Inflation Expectations (May), University of Michigan Inflation Expectations (May)

◇ Lunchtime & Evening Commute Weather

○ Lowest temperature: 15℃(▲15℃) ｜Highest temperature: 27℃(▲25℃)
○ Precipitation probability: 0% in the morning ｜ 0% in the afternoon
○ Fine dust: Moderate in the morning ｜ Moderate in the afternoon

3 minutes is all you need: essential, value-for-time economic news. Published daily at 8:00 AM.