"Korea to Join US Shipbuilding Renaissance"... Korea-US Leaders Reaffirm Cooperation [3-Minute Brief]

At a Glance
① Trump raises expectations for the "Masga" project
② Hyundai Motor Group plans to build a robot factory in the US with a $26 billion investment
③ Korean companies expand participation in US nuclear power projects such as SMRs

MARKET INDEX : Year to date

○All three major New York stock indexes rose together... Investor sentiment was supported by expectations for Nvidia's earnings.

○Trump: "I will take control of the majority of the Fed Board."

○Following Cook's dismissal the previous day, Trump is now openly attempting to shake up the central bank.

Top3 NEWS

■ Korea-US leaders reaffirm cooperation in shipbuilding and manufacturing... President Lee: "Korea will join the US shipbuilding renaissance"

○Trump, regarding the "Masga" project, stated, "We will make American shipbuilding great."
○President Lee: "The Korea-US alliance is expanding into economic and science and technology sectors... Let's develop it for the future."
○Trump mentioned weapons and LNG purchases, saying, "I want to cooperate with Korea."

■ Hyundai Motor Group to build a robot factory in the US with annual capacity of 30,000 units

○Hyundai Motor Group to invest $26 billion over the next four years
○An increase of $5 billion from the announcement in March
○Establishing a new robot factory... Joint investments also under consideration

■ Korea expands participation in US nuclear power projects such as SMRs... Additional 3.3 million tons of US LNG to be imported

○Four MOUs signed in the nuclear power sector
○"Expecting expanded participation in US nuclear power plant construction"
○Korea Gas Corporation to additionally import LNG

Graphic News: "Domestic demand and exports stronger than expected... Bank of Korea likely to raise growth outlook" [Monetary Policy Board poll]

○Most experts expect the Bank of Korea to raise its outlook by 0.1 to 0.2 percentage points.

○Monetary policy decisions focus on balancing financial stability and economic recovery.

○For economic recovery, the most cited need is 'support for companies and industries.'

the Chart: SK Hynix, rebound starting after correction?

○Down 4.94% so far this month... Rebound expectations rise as shares climb for two consecutive days

○Institutional buying continues... Signs of foreign investors turning to net buyers

○Attention on Nvidia's earnings announcement scheduled for this week

Today's Key Schedule

○Domestic

○Overseas

15:00 Germany Consumer Sentiment (September)

20:00 US Mortgage Bankers Association 30-year mortgage rate

23:30 US Crude Oil Inventories

23:30 US Cushing Crude Oil Inventories

◇Lunch & Evening Commute Weather

○Lowest temperature: 23°C (▼1°C) ｜Highest temperature: 33°C (▼1°C)
○Chance of precipitation: 10% in the morning | 20% 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.