President Lee: "Shift from Real Estate to Financial Markets"... Preparing for the 'KOSPI 5000 Era' [3-Minute Brief]

[At a Glance]
① President Lee holds press conference one month after inauguration... "Many real estate measures in the pipeline"
② US lawmakers send letter opposing Korea Platform Act
③ Domestic venture and startup investment down 26.9% year-on-year in the first half

MARKET INDEX : Year to date

○ The three major New York stock indexes are on the rise.

○ Stocks climbed in June, driven by a surprise jobs report and a drop in the unemployment rate, while government bond yields surged.

○ Expectations for a rate cut in July have faded, with a 93% probability of rates being held steady.

Top3 NEWS

■ President Lee: "Real estate lending regulations are just a preview"... Investment should shift from real estate to financial markets

○ One month into office, President Lee held a press conference, stating, "There are still many policies left, including demand suppression measures and supply expansion plans."

○ "We will accelerate the supply of housing in new towns as previously planned."

○ He emphasized the goal of a 'KOSPI 5000 era' through the advancement of capital markets.

■ US House sends letter opposing 'Korea Platform Act' to Trump trade team... Emerges as key negotiation issue

○ Forty-three Republican members of the House sent a letter to the Trump trade team.

○ The letter argues, "The Korea Platform Act imposes excessive regulations on US digital companies."

○ This has become a major point of negotiation, and domestic legislative discussions are expected to face setbacks.

■ Biotech and AI also falter... Venture investment chills in the first half

○ First-half investment totaled 2.24 trillion won, down 26.9% year-on-year.

○ AI, biotech, and foreign capital all showed a contraction trend.

○ The industry is keeping a close watch on government supplementary budgets and policy initiatives.

Graphic News: Mixed reviews on National Pension Fund's entry... "Catfish effect expected" vs "Undermining multi-layered system"

○ Discussions about the National Pension Service's participation have surfaced, and a bill providing the legal basis for participation has been submitted to the National Assembly.

○ Some expect changes in the retirement pension market, with mentions of strengthened public interest and reduced fees.

○ On the other hand, critics point out that it could undermine the multi-layered pension system, arguing that the management methods of the National Pension and retirement pension funds are different.

the Chart: "Dollar weakens, investment returns rise" - June foreign reserves recover to $410 billion

○ At the end of June, Korea's foreign reserves stood at $410.2 billion, up $5.61 billion.

○ The US Dollar Index (DXY) fell 1.9% in June, leading to a relative increase in the dollar-converted value.

○ Investment returns also increased, and as of the end of May, Korea ranked 10th in the world in terms of foreign reserves.

Today's Key Schedule

○Domestic

On the 4th, subscription for KOSDAQ DB Financial SPAC No.14, with an expected public offering price of 2,000 won.

08:00 Current account balance (May)

○International

02:00 US Atlanta Fed GDPnow (Q2)

02:00 US Baker Hughes total oil rig count

08:30 Japan household spending (MoM) (May)

15:00 Germany factory orders (MoM) (May)

16:30 Europe: Speech by Christine Lagarde, President of the European Central Bank

◇Lunch & Evening Commute Weather

○Lowest temperature 25°C (0°C) ｜Highest temperature: 31°C (▲1°C)
○Precipitation probability: 30% in the morning ｜ 30% in the afternoon
○Fine dust: Moderate in the morning ｜ Moderate in the afternoon

All you need in 3 minutes: must-know, cost-effective economic news. Published daily at 8 AM.