Era of 50 Million Won Per Capita Income... Ranks 6th Globally, Surpassing Japan [3-Minute Brief]

[At a Glance]
1. Last year, per capita GNI reached $36,754... Surpassing Japan and Taiwan
2. Mixed fortunes for secondary financial sector... Three key policies under Lee administration draw attention
3. Fed: "Overall economic activity across the US has contracted over the past six weeks"

MARKET INDEX : Year to date

○New York Stock Exchange closes with gains of over 1% as US employment data exceeds expectations

○Employment indicators surpass forecasts, easing concerns over a potential recession

○Circle surges an astonishing 247% in just two days

Top3 NEWS

■ Per capita national income surpasses 50 million won for the first time, ranking 6th in the world ahead of Japan (Comprehensive)

○Last year, per capita GNI reached 50.12 million won, equivalent to $36,745
○Preliminary Q1 growth rate at -0.2%... Construction investment and private consumption remain sluggish
○Domestic demand hits bottom and is expected to improve in Q2... Exports should be monitored for impact from US tariffs

■ Mixed fortunes for secondary financial sector under Lee administration... Savings banks and fintech 'optimistic,' card companies 'cautious'

○Bad banks induce demand for handling non-performing loans
○Stablecoins and others may be incorporated into the institutional framework
○Competition among internet banks for mid-interest loans poses risks

■ Tariffs mentioned 122 times... Fed Beige Book: "US economic activity slowing"

○Tariff references increase compared to previous report
○Economic uncertainty rises
○Corporate and household decision-making constrained

Graphic News: US "subsidy reduction" - What are the future scenarios for Samsung and SK semiconductor investment? (Comprehensive)

○Samsung to hold global strategy meeting starting on the 17th
○Discussion topics include strengthening AI packaging capabilities
○DS Division to hold a separate meeting on the 18th

the Chart: Collapse of political theme stocks... Dreamed of windfalls, but accounts halved

○Individuals net purchased 33.9 billion KRW of Sangji Construction last month

○Sangji Construction stock plunged, resulting in a -57% loss

○Most political theme stocks plummeted after the presidential election

Today's Key Schedule

○Domestic

○Overseas

08:50 Japan GDP (QoQ) (Q1)

10:30 China Consumer Price Index (YoY) (May)

12:00 China Trade Balance (USD) (May)

18:00 Singapore Foreign Exchange Reserves (USD) (MoM) (May)

◇Lunch & Evening Commute Weather

○Lowest temperature: 19°C (▲1°C) ｜Highest temperature: 29°C (▲1°C)
○Precipitation probability: 10% in the morning｜10% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

3 minutes is all you need?essential, time-saving economic news. Published daily at 8 a.m.