"Trying to Help China"... Trump Offers Conciliatory Gesture Amid US-China Tensions [3-Minute Brief]

[At a Glance]
1. President Trump delivers a conciliatory message amid concerns over a failed summit with China
2. Five years since Chung Euisun became chairman of Hyundai Motor Group ? operating profit up fivefold
3. Asia-Pacific Economic Cooperation (APEC) CEO Summit to be held on the 28th

MARKET INDEX

○All three major New York stock indices rose together... Expectations grow for easing of US-China trade tensions

○Trump says, "Everything will work out well with China"... US Treasury Secretary also hints at a summit

○Broadcom up 10% on OpenAI collaboration... Tech stocks rally

TOP 3 NEWS

■ Trump: "The US wants to help China... Everything will work out" - Calming concerns over a US-China summit breakdown

○"Xi Jinping does not want a recession in China, and neither do I"
○Conciliatory message amid tensions ahead of this month's summit
○Vice President Pence: "We need to choose a rational path"

■ Five years since Chung Euisun became chairman - Hyundai Motor's operating profit jumps fivefold

○Hyundai Motor Group ranks third in global sales
○Rising as a 'global frontier'
○Turning the vision of 'freedom of movement' into reality

■ Foggy APEC US-China summit... Companies hope for AI alliance

○'CEO Summit' hosted by the Korea Chamber of Commerce and Industry
○Nvidia, OpenAI, and others gather in one place
○"Discussing sustainable growth agendas such as regional economic integration, digital, and bio sectors"

Graphic News: Next week's Monetary Policy Board meeting approaches... Housing prices, tariff negotiations, and exchange rates support 'October freeze'

○Bank of Korea Monetary Policy Board to decide base rate on the 23rd... 'Freeze' is likely
○'Seoul bull market' reappears... Concerns grow as the boom spreads to surrounding areas
○US-China tariff conflict reignites... Exchange rate returning to May levels adds burden

Money-Making Law

■ Acquiring pre-sale rights while living in public rental housing does not allow contract termination

○Supreme Court: "Temporary acquisition of pre-sale rights does not justify contract termination"
○No retroactive application to tenants before the amendment
○LH loses case... Higher court overturns ruling and remands case
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025101315062380869

■ 'Unregistered land' unknown even to owners, half the size of Yeouido

○Korea Expressway Corporation unable to organize ownership, land left neglected
○Over 70 lawsuits in the past five years
○Taxpayers' money wasted on litigation and compensation
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025101315075994895

■ Legal battle over contracts between Youngpoong and MBK in Kjet Precision shareholder derivative suit

○Korea Zinc management rights dispute in court
○"Exercise of shareholder rights" vs "Damages must be proven first"
○Court considers confidential review of management cooperation agreement
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025101315093805677

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

Today's Key Schedule

○Domestic

○International

02:30 Speech by Bundesbank's Balz, Germany

15:00 Germany Consumer Price Index (MoM) (September)

18:00 Germany ZEW Economic Sentiment Index (October)

18:00 China New Loans (September)

18:00 Europe ZEW Economic Sentiment Index (October)

21:45 US FOMC member Bowman speech

◇Lunch & Evening Weather

○Lowest temperature: 15℃(▼2℃) ｜Highest temperature: 20℃(▼2℃)
○Precipitation probability: 60% in the morning | 40% in the afternoon
○Fine dust: Good in the morning | Good in the afternoon

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