All-Out Efforts to Narrow Differences... Korea-US Tariff Talks Reach Final Decisive Negotiation [3-Minute Brief]

[At a Glance]
① Korea-US Tariff Talks Near Final Stage... All-out Efforts to Narrow Differences with Shipbuilding Card
② Bank of Korea Holds Base Rate... Concerns Over Household Loans and Asset Market Overheating Persist
③ Lee Jayong Heads to Washington to Support Korea-US Tariff Negotiations

MARKET INDEX

○ Base interest rate maintained at 4.25~4.5% per annum

○ Powell: "No decision made on September rate path"

○ Probability of a rate freeze in September rose from 18% to 34% in one day

TOP 3 NEWS

■ Neither optimism nor pessimism... Korea makes all-out efforts with a relay of contacts with the US ahead of final negotiations (Comprehensive)

○ Koo Yooncheol, first schedule in Washington: meeting with US Secretary of Commerce
○ Arrived at the airport at 11:30 and headed straight to negotiations
○ On the 31st, tariff negotiations with Secretary of the Treasury Besant

■ Monetary Policy Committee member: "Sharp increase in household loans... Trend stability must be monitored for a considerable period"

○ Clear divergence between asset markets and sluggish real economy
○ Increased risk of financial imbalances and severe distortion of efficient resource allocation
○ Need to verify the effects of the June 27 measures for a considerable period

■ Lee Jayong heads to Washington to support tariff negotiations... Will he play the 'semiconductor card'? (Comprehensive)

○ Expected to seek global cooperation measures and new business opportunities
○ Possibility of government support in Korea-US tariff negotiations
○ Attention on whether the 'semiconductor investment and cooperation' card will be played

Graphic News: "Simply increasing support for Jeonse fraud victims will not solve the problem... It will worsen market issues"

○ Scale of Jeonse deposit return guarantee accidents is increasing

○ Accident amount reached 4.4896 trillion KRW last year

○ Government seeking improvement measures to support victims

Money-Making Law

■ ESG shrinking, expansion of breach of trust crime?..."Misunderstanding of the revised Commercial Act"

○ Seminar on 'Practical issues following the introduction of directors' duty of loyalty'
○ Claim that the shareholder duty of loyalty provision is "confirmatory"
○ Companies frequently ask whether ESG management violates the law
☞Read the article:  https://www.asiae.co.kr/article/2025073015410083304

■ Will the Yellow Envelope Act be passed in the July extraordinary session of the National Assembly?... Gaining momentum amid clashes between ruling and opposition parties and backlash from business circles

○ Democratic Party reaffirms legislative intent
○ Business circles and foreign companies express strong opposition: "Cannot hide our dismay"
○ ECCK even mentions possibility of withdrawing from the Korean market
☞Read the article:  https://www.asiae.co.kr/article/social-general/2025073015410083304

■ Yoon Sukyeol's side files for suspension of compulsory execution of '100,000 KRW emergency martial law compensation'

○ First trial: "Compensate citizens who suffered mental damage due to emergency martial law"
○ Yoon's side: "Appeal and file for suspension of compulsory execution"
○ Outcome depends on whether the application for suspension is accepted in the future
☞Read the article:  https://www.asiae.co.kr/article/social-general/2025073015520067095

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

Today's Key Schedule

○ Domestic

08:00 Korea Industrial Production (YoY) (June)

08:00 Korea Services Output (MoM) (June)

○ Overseas

03:00 US FOMC Statement

03:00 US Interest Rate Decision

10:30 China Manufacturing PMI (July)

11:30 Japan BoJ Monetary Policy Statement

21:00 Germany Consumer Price Index (MoM) (July)

21:30 Core PCE Price Index (MoM) (June)

◇Lunch & Evening Weather

○ Lowest temperature: 28℃(0℃) ｜Highest temperature: 36℃(0℃)
○ Precipitation probability: 0% in the morning｜20% in the afternoon
○ Fine dust: Good in the morning｜Good in the afternoon

All you need in 3 minutes: essential, cost-effective economic news. Published every day at 8 AM.