Hanwha Invests $5 Billion in the Philippine Shipyard Symbolized by "MAS" [3-Minute Brief]

[At a Glance]
① Hanwha Group to Invest $5 Billion in Philippine Shipyard
② Yellow Envelope Law: Unclear Boundaries Fuel Growing Confusion
③ Trump Aims for Fed Board Majority... Concerns Over Eroding Independence

MARKET INDEX

○ All three major U.S. stock indices rose together... Expectations for Nvidia's earnings
○ Market remains calm despite Trump's attempts to pressure the Fed
○ Yields on long-term U.S. Treasury bonds stabilized... The dollar remained flat

TOP 3 NEWS

■ Hanwha to Invest $5 Billion in Philippine Shipyard... Kim Dongkwan: "We Will Play a Central Role"

○ Plans to expand the shipbuilding capacity of the Philippine shipyard to 20 vessels per year
○ Orders received from Hanwha Shipping, including 10 oil tankers
○ First achievement since Korea-U.S. shipbuilding cooperation

■ Is the Devil in the Ambiguity?... Confusion Grows Over the "Yellow Envelope Law" Full of Loopholes

○ Unclear boundaries for the law's application... Confusion spreads at small and medium-sized enterprises
○ Concerns about inevitable clashes between primary contractors and subcontractors over "negotiating parties"
○ Moves to establish preemptive defensive logic to avoid setting precedents

■ "Fed Board Majority Soon Secured" Trump Nears Control of Central Bank... Independence of Monetary Policy at Risk

○ Trump: "Majority soon secured... Interest rates must be lowered"
○ Cook: "Trump has no authority to dismiss... Will file a lawsuit"
○ Legal battle expected... Growing concerns over central bank independence

Graphic News: "At This Rate, China Will Overtake Us"... Urgent Need to Improve Korean Semiconductor Technology

○ Korean semiconductors still lead China in processing and mass production technology
○ However, China has caught up in basic and design technologies
○ Export-Import Bank of Korea: "Urgent need to improve semiconductor technology"

Money-Making Law

■ Supreme Court: "Right of Passage to Adjacent Land Recognized If Substantial Use Is Difficult"

○ Supreme Court: "Even if an alternative route exists, right of passage may be recognized if farming is difficult"
○ Lower court ruled against the plaintiff due to the existence of an alternative route
○ Supreme Court pointed out a misunderstanding of legal principles and remanded the case
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025082715095449413

■ "Up to 5x Punitive Damages for Media Reports May Hinder Realistic Compensation for Damages"

○ Ruling party pushes for up to 5x punitive damages for harm caused by media reports
○ Legal community: "Lack of fairness and effectiveness, concerns about shrinking compensation discussions"
○ Press Arbitration Commission: "Quick resolution is important... Need measures to prevent abuse of lawsuits"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025082715114252443

■ Confusion Over Response to the Yellow Envelope Law... Companies Turning to Law Firms

○ Yellow Envelope Law passed... Expanded definition of primary employers and scope of labor disputes
○ Companies expect increased management risks, likely to seek more legal advice and litigation
○ Experts: "Actual control is unclear... Court judgment will be necessary"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025082715133757842

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

Today's Key Schedule

○ Domestic

10:00 Bank of Korea Monetary Policy Board meeting to decide monetary policy direction

10:00 Interest rate decision (August)

○ Overseas

02:00 U.S. 5-year Treasury bond auction

10:30 Speech by Bank of Japan Board Member Nakagawa

18:00 Eurozone consumer inflation estimate (August)

20:30 European Central Bank monetary policy meeting report

21:30 U.S. GDP (QoQ) (Q2)

21:30 U.S. initial jobless claims

23:00 U.S. pending home sales (MoM) (July)

◇ Lunchtime & Evening Weather

○ Lowest temperature: 25℃ (▼1℃) ｜ Highest temperature: 32℃ (▼2℃)
○ Precipitation probability: 30% in the morning ｜ 20% in the afternoon
○ Fine dust: Good in the morning ｜ Good in the afternoon

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