Two Months into Lee Administration, Downward Economic Pressure Persists... Consumer Sentiment Turns Red [3-Minute Brief]

[At a Glance]
① Ministry of Economy and Finance releases July issue of Green Book on economic trends
② Gold price rally halts since April as demand drops
③ Convenience store industry faces sluggish domestic market, expands aggressively overseas

MARKET INDEX : Year to date

○Major U.S. tech companies to begin releasing quarterly earnings this week

○Tesla and Alphabet earnings in focus amid trade uncertainties

○Google on the 23rd, Microsoft and Meta on the 30th... Tesla on the 23rd, Apple on the 31st

Top3 NEWS

■ "Downward pressure on the economy persists"... Exports rebound, domestic demand remains sluggish

○The term 'downward pressure' has been used for seven consecutive months
○There are also positive signals for consumer sentiment improvement
○"Expectations for a 31.8 trillion KRW supplementary budget to boost domestic demand"

■ "Please stop buying now"... Why gold prices, which had been steadily rising, suddenly stalled

○Chinese government cracks down on wealthy individuals buying gold through banks
○Funds are shifting to Bitcoin as an alternative risk hedge
○Demand for silver and platinum is rising due to growth in manufacturing

■ Growth slows for convenience stores... 'K-food' drives strong overseas expansion

○GS25's overseas stores have more than tripled in four years
○CU has increased its overseas outlets by 1.5 times in three years
○Exports of private brand products from Seven-Eleven, Emart24, and others are also rising

Graphic News: Duty-free benefits for small direct purchases from Ali and Temu are substantial; time for reform has come

○Only domestic companies face certification and tax burdens, creating reverse discrimination

○Duty-free benefits need to be reassessed

○U.S. and Europe are also accelerating the abolition of duty-free policies

the Chart: "Trump to include Bitcoin in major U.S. retirement funds"

○Gold and private equity funds are also likely to be included

○FT reports an executive order will be signed this week

○The management scale alone is 13 quadrillion KRW... Industry expectations are high

Today's Key Schedule

○Domestic

KOSDAQ Proteina subscription, final public offering price set at 14,000 KRW

○International

10:00 People's Bank of China (PBoC) Loan Prime Rate (July)

21:30 Commodity Price Index (MoM) (June)

23:00 U.S. Leading Index (MoM) (June)

23:30 Bank of Canada Business Outlook Survey

◇Lunch & Evening Commute Weather

○Lowest temperature: 26°C (▲1°C) ｜Highest temperature: 31°C (0°C)
○Precipitation probability: 30% in the morning | 20% in the afternoon
○Fine dust: Good in the morning | Good in the afternoon

All the essential, time-saving, and cost-effective economic news in just three minutes. Published daily at 8:00 AM.