Banks Hit Jackpot With Interest Profits, Lavish Payouts to Employees [3-Minute Brief]

[At a Glance]
① Average salary of employees at the five major commercial and internet banks exceeds 100 million KRW
② Hong Kong universities compete to attract international students from Harvard and beyond
③ Uncertainty from Trump... Collapse of the US Treasury yield-dollar correlation

MARKET INDEX : Year to date

○ Nvidia jumps 3%, overtakes Microsoft to become the world's most valuable company by market capitalization

○ April job openings reach 7.391 million, exceeding expectations

○ US-China leaders to hold talks this week... Will trade negotiations make progress?

Top 3 NEWS

■ Employees take home annual salaries of 100 million KRW and severance pay of 300 million KRW... Banks' interest profits near 40 trillion KRW

○ Korea Federation of Banks 'Bank Management Status Disclosure Report'

○ Net Interest Margin (NIM) declined due to interest rate cuts, reducing banks' profitability indicators

○ However, as loan demand increased, the five major banks' interest income alone approached 40 trillion KRW

■ Xi Jinping's 'brain return' strategy... Harvard students find opportunities in Hong Kong

○ Hong Kong University of Science and Technology: "Dozens of inquiries from Harvard students"

○ Hong Kong authorities encourage talent recruitment activities

○ Xi Jinping's leadership aims to bring US-trained talent back and prevent further brain drain from China

■ Correlation between US dollar and Treasury yields collapses

○ Unpredictable Trump policies and undermined monetary policy independence

○ Weakened preference for US assets

○ The correlation between US Treasury yields and the dollar

Graphic News: MBK's disrupted new strategy... Is the focus shifting to Japan?

○ Consecutive corporate acquisitions in Japan... Quiet in the domestic market

○ Criticism over the Homeplus situation grows, leading to a more cautious approach

○ Possibility of a stable strategic shift toward Japan

the Chart: APR leads K-beauty, shareholders smile too

○ Overseas sales in Q1 reach 190 billion KRW... Overseas sales account for 71%

○ Stock price up 53% so far this month

○ Optimistic outlook as business competitiveness is proven

Today's Key Schedule

○ Domestic

○ International

10:30 Australia GDP (QoQ) (Q1)

16:15 Spain Services PMI (May)

16:45 Italy Services PMI (May)

16:55 Germany Services PMI (May)

17:00 Eurozone Services PMI (May)

17:30 UK Services PMI (May)

21:15 US ADP Nonfarm Employment Change

22:45 US Services PMI (May)

22:45 Canada Interest Rate Decision

◇ Lunchtime & Commute Weather

○ Lowest temperature 15°C (▼2°C) ｜ Highest temperature: 24°C (▼1°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: essential, cost-effective economic news. Published daily at 8:00 AM.