"Real Estate Tops the List"... Korea's Household Non-Financial Asset Ratio Highest Among Major Countries [3-Minute Brief]

[At a Glance]
① Report by the Federation of Korean Industries... Non-financial assets account for 64.5% of household assets
② In response to the Coupang incident, establishment of a National Data Committee (tentative name) is being promoted
③ Bloomberg survey on fund managers' investment outlook for next year

MARKET INDEX

○All three major U.S. stock indices fell in New York... Treasury yields rose amid uncertain outlook for next year's interest rates

○High inflation and slowing employment are likely to fuel internal disagreements

○U.S. to allow exports of 'H200' to China... Nvidia up 1.7%

TOP 3 NEWS

■ Korea has the highest proportion of non-financial assets such as real estate among major countries... "Need to boost financial investment"

○Non-financial assets account for 64.5% of household assets
○Tax system reform and incentives for long-term investment are needed
○"Corporate investment and household asset growth should form a virtuous cycle"

■ [Exclusive] Preventing another Coupang incident... Private sector also obligated to prevent data leaks, new Data Committee to be established

○The National Data Basic Act will include the concept of 'data sovereignty'
○Personal information and key data held by private companies will also be covered
○Designated as 'nationally designated data' to impose protection obligations

■ "U.S. stock market rally to continue through 2026"... Despite AI bubble concerns, 77% of fund managers remain 'optimistic'

○Expectations for AI, accommodative monetary policy, and robust growth
○AI bubble: "Fundamentals are strong... industry is still in early stages"
○Potential resurgence of inflation is a risk factor

Graphic News: Exemption from Fines? Coupang could become the first to have certification revoked... "Possible if standards are not met"

○'ISMS-P certification' can be grounds for reducing fines

○263 certified companies... 10% have experienced data leaks

○Government to inspect Coupang's certification compliance

Legal News That Pays

■ Two academies 25 minutes apart on foot are not considered a single business entity

○Two academies run by the same director claimed to be a business with five or more instructors
○Court: "Each is separately registered as a business... and they are 1.5 km apart"
○"No evidence of personnel exchange between the two academies"
☞View Article:  https://www.asiae.co.kr/article/lawtimes/2025120813582823091

■ Will punitive damages become a reality for Coupang's personal data leak incident?

○Amendments in 2023 allow claims up to five times the damages
○Few precedents for punitive damages in mass data leaks
○Obligation to identify victims and need for class action lawsuits
☞View Article:  https://www.asiae.co.kr/article/lawtimes/2025120814054368408

■ No verdict this year in Namyang Dairy Products' Hong Wonsik's 44.3 billion won severance pay case

○Court "Considering order for former chairman Hong to submit documents"
○Next hearing scheduled for March 2026
○In the first trial of the damages lawsuit, "Former chairman Hong must pay 66 billion won to Hahn & Co."
☞View Article:  https://www.asiae.co.kr/article/lawtimes/2025120814291084686

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

Today's Key Schedule

○Domestic

Teraview Holdings to be listed on KOSDAQ, confirmed public offering price: 8,000 won

Nara Space Technology KOSDAQ subscription, confirmed public offering price: 16,500 won

RGnomics KOSDAQ subscription, confirmed public offering price: 22,500 won

IBKS No.25 SPAC KOSDAQ subscription, confirmed public offering price: 2,000 won

○Overseas

00:00 U.S. Factory Orders (MoM) (September)

04:00 U.S. Nonfarm Productivity (QoQ) (Q3)

09:01 British Retail Consortium Retail Sales (YoY) (November)

09:30 Australia NAB Business Confidence Index (November)

12:30 Australia Interest Rate Decision (December)

16:00 Germany Trade Balance (October)

18:40 Spain 3-month Letras Bond Auction

22:15 U.S. ADP Weekly Employment Change Report

22:30 U.S. Nonfarm Productivity (QoQ) (Q3)

◇Lunch & Evening Commute Weather

○Lowest temperature: -2℃ (▼2℃) ｜Highest temperature: 7℃ (▲1℃)
○Precipitation probability: 0% in the morning｜20% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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