Extra Budget of 30 Trillion Won Gains Momentum... All-Out Effort to Revive Domestic Demand [3-Minute Brief]

[Read at a Glance]
1. President Lee accelerates supplementary budget to boost domestic demand
2. US car prices rise as Trump tariffs take effect
3. Samsung Electronics returns to 60,000 won level in two months

MARKET INDEX

○US and China expected to discuss lifting export control measures

○Heshit: "US eases export restrictions... China releases rare earth elements"

○May CPI and PPI to be announced this week

TOP 3 NEWS

■ President Lee pushes for up to 30 trillion won in extra budget to boost domestic demand

○Presided over the second Emergency Economic Task Force meeting... Second supplementary budget estimated at "20 trillion won plus alpha"
○Regional currency and livelihood recovery support funds expected to be included in this extra budget
○Discussion also includes a third consecutive year of tax revenue shortfall

■ US car prices finally rise..."Trump tariffs held off by inventory, but limits reached"

○Average selling price exceeds $50,000 in just one month
○Dealer-provided sales incentives also reduced
○Hyundai Motor: "No decision yet on price increases"

■ Semiconductors drive KOSPI past 2,800... Samsung Electronics nears 60,000 won

○KOSPI recovers the 2,800 level for the first time in about 10 months
○Samsung Electronics up over 2%, SK Hynix up over 3%
○Foreign buying flows in... reflects expectations for new government policies

Graphic News: Dividend payouts increased significantly, but domestic banks' shareholder return ratios still lag behind overseas

○Major banks such as KB, Shinhan, and Hana have shareholder return ratios around 40%

○US and European advanced country banks exceed 70-80%

○Expected to rise to over 50% in the mid- to long-term

Money-Making Law

■ Lee Taehyung, LKB, Won... Legal professionals and law firms of the Lee Jaemyung era

○Lawyers Kim Jonggeun, Lee Seungyeop, and Jeon Chiyoung
○Direct and indirect connections with President Lee Jaemyung
○Law firms such as Lee Kwangbeom's also in the spotlight
☞Read article:  https://www.asiae.co.kr/article/2025060915571101846

■ Differentiated vehicle support based on number of union members ruled legal

○Issue of duty of fair representation under the Trade Union Act
○Supreme Court: "POSCO has reasonable grounds"
○Appellate court: "Allocating vehicles based on number of union members is discrimination"
☞Read article:  https://www.asiae.co.kr/article/2025060916004936992

■ If 'one-month continuous leave' requirement is not met, entire employment retention subsidy must be returned

○Judged as "entire subsidy is improper payment if requirement not met"
○First trial and appeal: "Did not receive subsidy by fraudulent means"
○Supreme Court: "Must meet one-month continuous leave requirement"
☞Read article:  https://www.asiae.co.kr/article/2025060916051572873

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

Today's Key Schedule

○Domestic

KOSDAQ Linksolution listing, final offering price 23,000 won

08:00 Korea current account balance (April)

○Overseas

08:01 British Retail Consortium retail sales (YoY) (May)

10:30 NAB business confidence index (May, Australia)

15:00 UK unemployment rate (April)

21:00 Brazil consumer price index (YoY) (May)

◇Lunch & Evening Commute Weather

○Lowest temperature: 20°C (0°C) | Highest temperature: 28°C (▼2°C)
○Chance of precipitation: 20% in the morning | 0% in the afternoon
○Fine dust: Moderate in the morning | Moderate in the afternoon

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