KOSPI Falls Below 4,000... Is a Rebound Possible? [3-Minute Brief]

[At a Glance]
① KOSPI Falls Below 4,000 Again... Support Level at 3,700?3,800
② Samsung Biologics Relists After Spin-Off... Combined Market Cap Reaches 91 Trillion Won, Up 4 Trillion
③ All Three Major Shipbuilders Regain A-Grade Credit After 10 Years... Driven by Structural Reforms

MARKET INDEX

○All major U.S. stock indices rose as the 'AI rally' reignited in New York.

○Fed Governor Waller said, "I support a rate cut in December," leading to a recovery in investor sentiment.

○There are also concerns about decreased trading volume and increased volatility due to the Thanksgiving holiday.

TOP 3 NEWS

■ KOSPI Falls Below 4,000 Again... Where Is the Support Level?

○On the 21st, the KOSPI dropped more than 3%, falling to the 3,800 range.
○Rebounded in just one day due to the U.S. market recovery and inflow of bargain hunters.
○Further corrections are expected to continue for the time being.

■ Samsung Biologics and Samsung Bioepis Relist as Two Stocks... Combined Market Cap Reaches 91 Trillion Won

○From the first day, both 'performance and pipeline' are being reassessed.
○Samsung Biologics is positioned as a 'pure CDMO.'
○Samsung Bioepis Holdings is expanding new drug development and investment.

■ All Three Major Shipbuilders Regain 'A-Grade' Credit Ratings... Exceptional Improvement Among Heavy Industries

○Hanwha Ocean upgraded from BBB+ to A-, and Samsung Heavy Industries was also upgraded in June.
○HD Hyundai Heavy Industries maintains an A+ rating with a 'positive' outlook.
○Both cash flow and profitability have improved, along with increased orders.

Graphic News: [Monetary Policy Committee Poll] ①Rate Cuts Ended for This Year... Next Year, "Cut in Q1 vs. Prolonged Freeze"

○Rates held steady in November, highlighting instability in the real estate market and exchange rates.

○Opinions are split between a rate cut in Q1 and no further cuts; projection for end-2025 is 2.25%.

○Many expect a U.S. rate cut in December and 3.25% by end-2025.

Profitable Law

■ "Assigned to Another Project" - Suspension and Dismissal of Full-Time Employee Deemed Unfair

○The CEO announced suspension before the next project and then notified the employee of dismissal.
○Both the Seoul Regional Labor Relations Commission and the Central Labor Relations Commission dismissed the employee’s relief request.
○The court ruled it was unfair dismissal, stating there was no evidence of voluntary resignation.
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2025112414343475036

■ 'One-Stop' Support for Crime Victims

○Targeting operational launch in February 2027.
○All processes can be completed with a single click online.
○Consolidates support systems to help victims return to daily life faster.
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2025112414430707093

■ Early Starts and Repeated Overtime - Cerebral Hemorrhage Recognized as Work-Related Injury Even Under 52 Hours/Week

○Cerebral hemorrhage occurred despite working less than 52 hours a week; recognized as a work-related injury.
○The Workers’ Compensation Service denied the claim, citing lack of causal relationship.
○The court found that increased work burden was a contributing factor, raising the relevance to the illness.
☞Read article:  https://www.asiae.co.kr/article/lawtimes/2025112414524147231

* 'Profitable Law', a content partnership between The Asia Business Daily and The Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

KOSDAQ NH SPAC No.32 subscription, final public offering price: 2,000 won

○International

02:45 Speech by German Bundesbank President Nagel

03:00 U.S. 2-Year Treasury Auction

14:00 UK New Car Registrations (YoY) (October)

16:00 Germany GDP (QoQ) (Q3)

22:30 U.S. Core Producer Price Index (MoM) (September)

22:30 U.S. Core Retail Sales (MoM) (September)

22:30 U.S. Producer Price Index (MoM) (September)

22:30 U.S. Retail Sales (MoM) (September)

◇Lunch & Evening Commute Weather

○Lowest temperature: 8℃(▼1℃) ｜Highest temperature: 11℃(▼6℃)
○Precipitation probability: 70% in the morning｜60% in the afternoon
○Fine dust: Poor in the morning｜Moderate in the afternoon

Just 3 minutes for all you need - essential, value-for-time economic news. Published daily at 8 a.m.