"Coupang and Baemin Growth Deepens Polarization in Self-Employment and Employment" [3-Minute Brief]

[At a Glance]
① Impact of Online Platform Growth on Regional Self-Employment
② AI Talent Skipping Korean Firms for Direct Entry into US Companies
③ Economic Activity Shows Moderate Growth in 5 out of 12 Sectors

MARKET INDEX : Year to date

○S&P 500 and Nasdaq set new record highs again, driven by strong earnings and consumer sentiment

○Strong earnings from Pepsi and United

○Jobless claims hit a three-month low

Top3 NEWS

■ As online and delivery platforms rise, regional employment declines and polarization among self-employed deepens

○Share of online consumption up by 1 percentage point; retail employment in non-metropolitan areas down by 8.3 per 10,000 people
○Online delivery up by 10 percentage points; number of self-employed in the food service sector down by 3.4 per 10,000 people
○Financial support for the self-employed should be provided on a sufficient scale, focusing on startups, young entrepreneurs, and small businesses

■ Seoul National University students flock to big tech info session: "Starting salary of 700 million won, I'll skip Korean conglomerates"

○First overseas big tech career seminar draws over 200 undergraduates, venue packed
○Clear preference for US big tech companies
○Differences in salary and research environment are the main reasons

■ US Beige Book: "Inflation may rise from late summer... Labor shortages due to immigration crackdown"

○Uncertainty over high tariff policies
○Outlook slightly pessimistic from a neutral stance
○US companies remain cautious about hiring and investment

Graphic News: "Should entrust to SGI Seoul Guarantee"... Confusion among PG companies ahead of 'Second Tmon' prevention regulations

○SGI Seoul Guarantee has a monopoly on guarantee insurance

○Industry voices concern over increased internal control burden and confusion

○Authorities say it is difficult to delay regulations because of external institutions

the Chart: "If Korea escapes its travel account deficit, growth rate will rise significantly"

○Korea's travel account has been in deficit for 25 consecutive years

○This is one of the main factors lowering the economic growth rate

○KB Research Institute: "If Korea escapes its travel account deficit, growth rate will rise by 0.75 percentage points"

Today's Key Schedule

○Domestic

KOSDAQ NRB subscription, final public offering price 21,000 won

KOSDAQ Protina subscription, final public offering price 14,000 won

○International

08:30 Japan Core Consumer Price Index (YoY) (June)

13:00 Malaysia GDP (YoY) (Q2)

15:00 Germany Producer Price Index (MoM) (June)

21:30 Building Permits (June)

23:00 US University of Michigan Inflation Expectations (July)

◇ Lunchtime & Evening Commute Weather

○Lowest temperature: 24℃(0℃) ｜Highest temperature: 30℃(▲2℃)
○Chance of precipitation: 70% in the morning | 60% in the afternoon
○Fine dust: Good in the morning | Good in the afternoon

Just 3 minutes for essential, cost-effective economic news. Published daily at 8:00 AM.