U.S. Tariffs Imminent... Head of Trade Negotiations: "All-Out Effort on Talks" [3-Minute Brief]

[At a Glance]
① Government Responds on All Fronts to U.S. Tariff Negotiations
② U.S. Inflation and Consumer Indicators Released in Succession
③ Securities Stocks Hit Consecutive 52-Week Highs

MARKET INDEX

○All three major U.S. stock indices closed higher.

○Trump: "The letter is the agreement... but talks remain open."

○June CPI data and Q2 earnings will also influence market trends.

TOP 3 NEWS

■ Koo Yeo-han, Head of Trade Negotiations: "We must prepare for the worst-case scenario with U.S. tariffs"

○Adjusting response measures while leaving open the possibility of tariffs taking effect after August 1.

○Preparing a practical negotiation plan through domestic consultations.

○Considering additional visits to the U.S.

■ U.S. June CPI expected to rebound... Will the 'Trump tariffs effect' become visible?

○June CPI and PPI data to be released this week.

○Core CPI projected to rise 2.9%, with an expanded increase.

○Key issue: Whether the impact of summer tariffs will become pronounced.

■ KOSPI breaks 3,200, securities stocks rally, record highs one after another

○Securities stocks continue to hit record highs.

○On the 11th, Korea Financial Holdings, NH Investment & Securities, Kiwoom Securities, and others hit 52-week highs.

○The securities index has risen over 100% compared to the beginning of the year.

Graphic News: Hunter or Helper? Private Equity Funds Shake Up the Business World

○Actively intervening in management disputes at companies such as Hanjin KAL and Korea Zinc.

○Rising concerns about side effects such as talent outflow and investment delays.

○Also increasing corporate value through improvements in governance and finances.

Money-Making Law

■ Mistaking art supply for VAT exemption... "Additional tax must be considered"

○VAT disputes over art contracts.

○Insufficient judgment on legitimate reasons for additional tax.

○Supreme Court overturns previous ruling and remands the case.
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025071417061606061

■ Share of international arbitration cases: Korea 14%, Singapore 91%

○KCAB's share of international arbitration is 14%.

○SIAC and HKIAC overwhelmingly dominate international cases.

○Securing competitiveness as an arbitration venue is a challenge.
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025071418045675008

■ 'More than 15 hours of work = income' Employment insurance standard reform plan: Not all N-jobbers and small business owners are pleased

○Employment insurance to switch to income-based criteria.

○Expanded coverage for ultra-short-term workers.

○Concerns about increased disputes over worker status.
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025071418144599689

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

Today's Key Schedule

○Domestic

08:55 Exports, imports (YoY) (June), trade balance (June)

12:00 M2 money supply (May)

July 14: Autocrypt listed on KOSDAQ, final offering price 22,000 KRW

July 14: Dowinsys subscription on KOSDAQ, final offering price 32,000 KRW

July 14: Neurofit subscription on KOSDAQ, expected offering price 11,400~14,000 KRW

○Overseas

11:00 China GDP (YoY) (Q2), China cumulative GDP (YoY) (Q2), unemployment rate (June)

18:00 Germany ZEW Economic Sentiment Index (July)

18:00 Europe industrial production (MoM) (May)

20:00 U.S. OPEC monthly report

21:30 U.S. Consumer Price Index (MoM) (June)

◇Lunchtime & Commute Weather

○Lowest temperature: 22℃ (▼1℃) ｜Highest temperature: 29℃ (0℃)

○Chance of precipitation: Morning 60%｜Afternoon 20%

○Fine dust: Good in the morning｜Good in the afternoon

OK in 3 minutes: Essential, cost-effective economic news. Published daily at 8 a.m.