13.6 Trillion Won Emergency Support for Companies Hit by Tariffs... Trade Insurance Expanded to 270 Trillion Won [3-Minute Brief]

① Minimizing U.S. Tariff Impact... Government Pushes Emergency 13.6 Trillion Won Management Fund
② Chinese Robot Firm Passini Commercializes Tactile Sensing in Just Four Years
③ Korean Economy Grows 0.7% in Q2 This Year

MARKET INDEX

○ The three major New York stock indices closed mixed... Employment slowdown and expectations for a rate cut
○ July job openings at 7.181 million... Lowest in 10 months
○ 95% probability of a rate cut in September... U.S. Treasury yields fall

TOP 3 NEWS

■ Government Launches 13.6 Trillion + 270 Trillion + 570 Billion Won Support Package to Respond to U.S. Tariffs

○ All policy funds and insurance mobilized
○ Comprehensive measures include support for electric vehicle transition, expansion of FTAs, and fostering K-content
○ Aims to resolve funding difficulties for affected companies, boost domestic demand, target global markets, and support R&D in key industries

■ [In-Depth Look at China's Humanoid Ecosystem] ④Verification Accelerates in Zhujiang and Yangtze River Supply Chains... Tactile Robots Commercialized in Four Years

○ Interview with Nie Xianglu, founder of robot parts company Passini
○ Accumulated external investment of 200 billion won... Unrivaled tactile sensors
○ "Like shovels in a gold rush" - various companies and industries seek diverse applications

■ Household Finances Improve in Q2... Private Exports and Consumption Recover, Growth Rate Revised Up to 0.7%

○ Bank of Korea 'Provisional National Income for Q2 2025'
○ Real GDP rises 0.7%... Up 0.1 percentage points from the preliminary figure
○ To achieve 0.9% annual growth, 0.6% growth is needed in the second half

Graphic News: Labor Unions Gain Momentum from Yellow Envelope Act... Hyundai Motor Union Strikes for First Time in 7 Years

○ Hyundai Motor Union, the largest single-workplace union in Korea
○ Strike for the first time in 7 years... Strengthened right to strike under the Yellow Envelope Act becomes reality
○ Korea GM and GGM unions also go on strike

Money-Making Law

■ Foreign PE Tax Audits Create Boom for Kim & Chang

○ Kim & Chang mobilized for tax audits of foreign private equity funds
○ Major private equity funds such as MBK and Blackstone hire Kim & Chang
○ Industry seeks diversification to reduce reliance on Kim & Chang
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025090315073475455

■ Samsung Former Executive's Trade Secret Leak Trial over Technology Transfer to China Held Behind Closed Doors

○ Former Samsung executive on trial for leaking semiconductor technology to China
○ Witness testimony held in private to protect core trade secrets
○ Received large sums for shortening establishment and development of Chengdu Gaozhen
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025090315093586480

■ "We Will Respond Proactively Even if SKT Files an Administrative Lawsuit" - Personal Information Protection Commission Litigation Team

○ Personal Information Protection Commission imposes 134.7 billion won fine on SK Telecom for hacking incident
○ Dedicated litigation team launched... Systematic strengthening of legal response
○ Focus on legal review balancing big tech regulation and AI innovation
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025090315124506634

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

Today's Key Schedule

○ Domestic

06:00 South Korea Foreign Exchange Reserves (USD) (August)

08:00 South Korea Current Account Balance (July)

○ Overseas

02:00 U.S. FOMC Member Kashkari Speech

03:00 U.S. Beige Book

05:30 U.S. API Weekly Crude Oil Stock

16:30 Germany IHS Markit Construction PMI (August)

21:15 U.S. ADP Nonfarm Employment Change (August)

21:30 U.S. Continuing Jobless Claims

21:30 U.S. Exports and Imports (July)

21:30 U.S. Initial Jobless Claims

21:20 U.S. Nonfarm Productivity (QoQ) (Q2)

22:45 U.S. Services PMI (August)

23:00 U.S. ISM Non-Manufacturing PMI (August)

◇ Lunch & Evening Commute Weather

○ Lowest temperature 24°C (▼1°C) ｜ Highest temperature: 29°C (▼4°C)
○ Precipitation probability: 60% in the morning ｜ 20% in the afternoon
○ Fine dust: Good in the morning ｜ Good in the afternoon

All you need is 3 minutes. Essential, cost-effective economic news. Published daily at 8 a.m.