"Impact of Sluggish Consumption"... Household Surplus Funds Hit Record 93 Trillion Won in Q1 [3-Minute Brief]

[At a Glance]
① Household net surplus reaches 92.9 trillion won in Q1... Up by 30.3 trillion
② Trump posts on social media: "25% reciprocal tariffs on South Korea starting August 1"
③ Samsung Electronics posts effective 'earnings shock' for Q2

MARKET INDEX : Year to date

○Trump sends tariff letter: "25% for both South Korea and Japan"

○Takes effect on August 1... Three weeks gained for trade negotiations

○Tesla shares fall 7% after Musk announces new political party

Top 3 NEWS

■ Household surplus funds increased by 30 trillion won in Q1, the largest quarterly rise, as consumption shrank

○Increase in income combined with slowdown in consumption, and decrease in new apartment move-ins
○Corporations reduced investment but saw rising costs, resulting in net financing of 18.7 trillion won
○Household debt-to-nominal GDP ratio at 89.4%, declining for six consecutive quarters

■ Trump sends 25% tariff letter to South Korea... Despite three-week grace period, tough road ahead for auto and steel tariff cuts

○Tariff letters to South Korea and Japan released first
○Both countries have large trade deficits and high dependence on U.S. security
○Secured three-week negotiation window, but tariff cuts on specific items remain challenging

■ Samsung hits bottom in earnings... Focus on semiconductor strategies such as HBM and Exynos in the second half

○Off-season for smartphones led Q1 results
○Home appliances also affected by tariffs, and semiconductor slump continues
○DS division operating profit estimated at late 1 trillion to early 2 trillion won

Graphic News: Bank stocks in the spotlight due to 'separate taxation on dividend income'

○Government may consider tax reforms to achieve 'KOSPI 5000'

○Second quarter results expected to exceed market expectations

○Non-interest income also projected to reach record highs

the Chart: Even subsidiaries of Yuhan Corporation cannot avoid the new stock 'jinx'

○ImmuneOncia shares have been on a downward trend since listing on May 19

○After hitting 8,300 won on the first day, the current share price is 4,540 won

○Stock price expected to rebound only if expectations for technology transfer revive

Today's Key Schedule

○Domestic

KOSDAQ LS SPAC No.1 subscription, final public offering price 2,000 won

○Overseas

02:00 U.S. 3-year Treasury auction

10:30 New Zealand building permits (MoM) (May)

10:30 China Producer Price Index (YoY) (June)

11:00 New Zealand interest rate decision

23:30 U.S. crude oil inventories

◇Lunch & Evening Commute Weather

○Lowest temperature: 27°C (0°C) ｜Highest temperature: 36°C (0°C)
○Precipitation probability: 20% in the morning ｜ 0% in the afternoon
○Fine dust: Moderate in the morning ｜ Moderate in the afternoon

All you need in 3 minutes: essential, cost-effective economic news. Published daily at 8 a.m.