Won-Dollar Soaring in November... Will It Hit 1,500? [3-Minute Brief]

[At a Glance]
① In the first week of November, the average won-dollar exchange rate surpassed April, reaching 1,444.1 won
② In October, job openings by companies decreased more than job-seeking activity, partly due to the Chuseok holiday
③ Mortgage loan rates rose, while unsecured loan rates fell

MARKET INDEX

Won-Dollar Soaring in November... Will It Hit 1,500? [3-Minute Brief]

○All three major U.S. stock indices rose... Rally driven by expectations of the government shutdown ending

○Risk appetite recovers

○AI-related stocks such as Nvidia and Palantir rise

TOP 3 NEWS

■ January's average exchange rate surpasses 'tariff fear' levels seen in April... Where will it end by year-end? [Why&Next]

○Concerns over breaking the 1,500 won mark, with the next ceiling seen at 1,480 won
○Global stock market volatility increases due to the AI bubble debate... Possibility of continued net selling by foreign investors
○Expansion of overseas investments by individuals and companies, and concerns over investments in the U.S., are structural factors weakening the won

■ 0.42 jobs per job seeker in October... Lowest since the IMF crisis

○Number of employment insurance subscribers increased by 197,000
○Service sector jobs increased, while manufacturing and construction jobs decreased
○Unemployment benefit claims: 75,000, down 16.2%

■ Gap between mortgage and unsecured loan rates narrows again... Some cases of reversal

○Due to total household loan management focused on real estate, only mortgage rates rose
○Average interest rate gap narrowed to 0.07 percentage points... Lowest so far this year
○With lower rates, the outstanding balance of unsecured loans increased by nearly 1 billion won in just one month

Graphic News: IPO Market 'Heating Up'... From Nota to Innotech, the surge continues

○Nota rose 510% above its IPO price in just five days
○Innotech quadrupled its IPO price on the first day of listing

○A time when careful selection is needed

Money-Making Law

■ After four days of training, verbal notice of rejection... "Unfair dismissal"

○Court rules: "Probationary employee dismissed by phone was unfairly dismissed"
○Headquarters and branches operated as one... Recognized as a business with five or more employees
○Four days of training also recognized as work; procedure violation ruled
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025111014560673287

■ "Deducting 20% penalty for leaving a regional housing association is excessive"

○Supreme Court: "20% penalty on contributions for those leaving the association is excessive"
○Appeal dismissed after appellate ruling... Reduction allowed under civil law
○Judged that "20% deduction is excessive with no objective basis"
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025111015012787217

■ Should corporate lawyers also receive ACP?

○Discussion on introducing ACP in response to large company raids is spreading
○Korea is the only OECD country without relevant legislation
○Debate over whether in-house lawyers should be included
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025111015152134503

※ 'Money-Making Law,' a content partnership section between The Asia Business Daily and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

BNK No.3 SPAC KOSDAQ subscription, expected IPO price: 2,000 won

CMTX KOSDAQ subscription, confirmed IPO price: 60,500 won

VitroNext Tech KOSDAQ subscription, expected IPO price: 5,900~6,900 won

○Overseas

03:00 U.S. 3-year Treasury bond auction

16:00 UK employment change 3M/3M (MoM) (September)

19:00 Germany ZEW Economic Sentiment Index (November)

◇Lunch & Evening Weather

○Lowest temperature: 3℃(▼2℃) ｜Highest temperature: 14℃(▲2℃)
○Precipitation probability: 20% in the morning｜20% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon