"Supply Expansion vs Stimulating Housing Prices"... The Reconstruction Excess Profit Recovery Dilemma [3-Minute Brief]

[At a Glance]
1. Easing or Abolishing the Reconstruction Excess Profit Recovery System Considered... 'Supply Card' Emerges Amid Real Estate Policy Aftershocks
2. Japanese Rice Prices Soar... Korean Rice Exports Jump from 0t to 550t
3. "Shortening Online Settlement Cycle Could Cause Up to 21 Trillion Won in Small Business Losses"

MARKET INDEX : Year to date

○The three major U.S. stock indexes hit all-time highs

○Strength driven by news of slowing inflation

○FOMC meeting and big tech earnings in focus

Top3 NEWS

■ Abolition of Reconstruction Excess Profit Recovery System Emerges as Key Issue… 'Supply Expansion' vs 'Stimulating Housing Prices' in Conflict

○The market is currently optimistic about increased supply
○Concerns are rising over potential side effects from revitalizing reconstruction projects
○Experts say market stabilization and normalization of supply are possible

■ Japanese Rice Prices Soar, Korean Rice Exports Surge… '0t → 550t' Rapid Increase

○Japanese tourists' purchases of Korean rice jumped from 1.3 tons to 61.4 tons
○Annual rice exports to Japan are expected to reach 1,000 tons this year
○Korean retail prices are about 42% of Japanese prices

■ Shortened Online Settlement Cycle Hits Coupang and Kurly Hard… "Chain Damage to Small Businesses"

○Joint research team including Professor Yoo Byungjun of Seoul National University analyzed the impact
○If the settlement cycle is shortened, the number of suppliers could drop to 74% within a year
○Order volumes for small business products decrease more than for large corporations

Graphic News: Long-term and Indemnity Insurance Claim Disputes Continue to Rise This Year… 'Urgent Need for Regulatory Oversight'

○Disputes over insurance claim assessment and payment by non-life insurers increase annually

○System improvements needed, such as designating non-reimbursable items for indemnity insurance

○Lee Chanjin: "Fifth-generation indemnity insurance to shift focus to severe cases"

the Chart: Breaking into the U.S. 'Franchise Graveyard'… CJ Foodville Nears Return to the 1 Trillion Won Club

○Performance is recovering ahead of the opening of the Georgia plant in the U.S.

○Tous Les Jours, once rumored for sale, accelerates global restructuring

○Lee Geonil, CEO of CJ Freshway, concurrently leads global expansion

Today's Key Schedule

○Domestic

KOSDAQ Innotech IPO subscription, expected offering price 12,900~14,700 won

○International

08:50 Japan Corporate Services Price Index (YoY)

10:30 China Industrial Profits Year-to-Date (September)

18:00 Germany Ifo Expectations Index (October)

21:30 U.S. Core Durable Goods Orders (MoM) (September)

22:00 France 1-Year BTF Government Bond Auction

23:30 U.S. Dallas Fed Manufacturing Activity Index (October)

◇Lunchtime & Evening Commute Weather

○Lowest temperature: 3℃ (▼7℃) ｜Highest temperature: 10℃ (▼7℃)
○Precipitation probability: 0% in the morning｜0% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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