Worked Hard to Repay Debt... Government Pushes Debt Relief for Vulnerable Groups [3-Minute Brief]

[At a Glance]
① Government's 'debt relief'... Fairness controversy as diligent payers feel left out
② Just two weeks after the launch of the new administration... 30.5 trillion won supplementary budget proposal
③ Producer prices decline for the second consecutive month

MARKET INDEX : Year to date

○ The three major U.S. stock indexes closed mixed in New York.

○ Uncertainty over the U.S. decision on military action against Iran led to weakness in semiconductor stocks.

○ Volatility increased due to Triple Witching Day.

Top 3 NEWS

■ "What about those who worked hard to repay their debt?"... Government launches large-scale debt relief for vulnerable groups

○ The Lee Jaemyung administration is implementing debt relief for low-income self-employed individuals and long-term delinquent borrowers.

○ The government is expected to inject more than 1 trillion won to carry out large-scale debt cancellation.

○ There are concerns about fairness and moral hazard for those who have diligently repaid their debts.

■ 20.2 trillion won released to boost the economy... "Deficit supplementary budget may only increase the burden on ordinary people," critics warn

○ The Cabinet approved a supplementary budget of 30.5 trillion won.

○ The supplementary budget includes a revenue adjustment of 10.3 trillion won.

○ 20.2 trillion won will be used for nationwide livelihood support payments, with 19.8 trillion won to be covered by issuing deficit-financing bonds.

■ Producer prices fall for the second consecutive month... Chamoe and onions now half the price compared to last month

○ The producer price index fell 0.4% compared to the previous month.

○ The decline in agricultural product prices continues due to increased shipments.

○ International oil prices fell, leading to lower prices for coal and petroleum products.

Graphic News: "I won't join a company without Directors and Officers Liability Insurance"... Overseas, it's a tool for recruiting top executives

○ D&O insurance is actively used for talent recruitment in the U.S., U.K., and Japan.

○ Companies transfer diverse risks to insurers, ensuring executives can make bold management decisions.

○ There is a need to promote mandatory D&O insurance and introduce company indemnification agreements.

the Chart: Capstone Partners, not just a 'passenger' on unicorns but a 'partner'

○ Continued investment and collaboration from the early stages with companies like Danggeun and Zigbang.

○ Focus on investing in 'new collar' jobs, rather than just white-collar or blue-collar.

○ Growing expectations for exits from AI companies such as Ruitn and DeepX.

Today's Key Schedule

○Domestic

KOSDAQ NewNAI subscription, planned offering price: 13,000 to 15,000 won

KOSDAQ Daishin Value REITs subscription, confirmed offering price: 5,000 won

○Overseas

02:15 Speech by U.S. FOMC member Daly

09:30 Japan Services Purchasing Managers' Index (June)

16:00 Speech by U.S. Federal Reserve Governor Waller

16:30 Germany Manufacturing Purchasing Managers' Index (June)

17:00 Europe Manufacturing Purchasing Managers' Index (June)

22:45 U.S. Manufacturing Purchasing Managers' Index (June), Services Purchasing Managers' Index (June), Existing Home Sales (May)

◇ Lunch & Evening Commute Weather

○ Lowest temperature: 18°C (▲18°C) ｜ Highest temperature: 30°C (▲28°C)
○ Precipitation probability: 0% in the morning ｜ 0% in the afternoon
○ Fine dust: Moderate in the morning ｜ Moderate in the afternoon

All the essential, time-saving economic news in just 3 minutes. Published every day at 8:00 AM.