"2,000 Won Instant Noodles Are Real"... 73% of Processed Foods Saw Price Hikes in First Half [3-Minute Brief]

[At a Glance]
① Living costs up 19.1% since high inflation began in 2021
② Ruling party and government: "First and second extra budgets near 35 trillion won... Universal livelihood support included"
③ U.S. weighs intervention in 'attack on Iran'... Trump: "Surrender unconditionally"

MARKET INDEX

○The three major U.S. stock indices ended mixed.

○The Fed kept its benchmark interest rate unchanged at 4.25% to 4.5% per year.

○This year's growth forecast was revised downward, while inflation expectations were revised upward.

TOP 3 NEWS

■ "Is instant noodle really 2,000 won?" 73% of processed foods saw price hikes this year

○Living costs have risen by 19.1% since 2021, when high inflation began.
○In the first half of this year, the impact of processed food price hikes was significant: 53 out of 73 items (73%) increased in price.
○This is the result of accumulated import raw material prices and the delayed reflection of exchange rate increases.

■ Ruling party and government confirm 'universal payment' of livelihood support funds...Extra budget likely to exceed 20 trillion won (comprehensive)

○Additional support will also be provided to vulnerable groups.
○The total size of the extra budget is expected to approach 20 trillion won.
○Measures to reduce the debt burden for self-employed people are also included.

■ Trump leans toward 'U.S. intervention' in response to Iran attack..."Surrender unconditionally" ultimatum (comprehensive)

○After returning urgently from the G7 summit, Trump held a National Security Council meeting.
○U.S. response options amid Middle East tensions were discussed.
○CNN reports the focus is more on military action than diplomatic solutions.

Graphic News: Have auto stocks hit bottom? Foreign buying accelerates rally

○Hyundai Motor and Kia have recorded double-digit gains this month.

○Foreign investors have been net buyers for eight consecutive days, driven by strengthened shareholder return policies.

○Tariff concerns appear to have peaked.

Money-Making Law

■ "CPTPP demands further market opening, but will help build stable supply chains"

○The global trade environment has become more uncertain.
○Law firm experts emphasize 'reciprocity.'
○"Battery and semiconductor swaps should be emphasized."☞Read the article:  

■ Ad ranking is based on spending... Ministry of Justice to regulate CPC ads

○"Even if you spend 100 million won a year on Naver, it doesn't stand out."
○Attention is focused on curbing the 'rich get richer, poor get poorer' market.
○The aim is to curb capital power competition centered on large law firms.☞Read the article:  

■ "Damages caused by AI require presumption of causality"

○Henri Capitant Society academic conference
○Exploring the direction of civil law in the AI era
○If AI decisions cause damage, "who is liable for negligence?"☞Read the article:  

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

Today's Key Schedule

○Domestic

KOSDAQ GFC Life Science subscription, planned public offering price: 12,300 to 15,300 won

○International

03:00 U.S. interest rate decision

03:30 U.S. FOMC press conference

06:30 Brazil interest rate decision

10:30 Australia employment change (May)

10:30 Australia unemployment rate

16:30 Switzerland interest rate decision (Q2)

20:00 UK interest rate decision (June)

◇Lunch & Commute Weather

○Lowest temperature: 22°C (▲2°C) ｜Highest temperature: 32°C (▲1°C)
○Precipitation probability: 0% in the morning｜80% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

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