"Jobs Up, But Not for 2030s"... 225,000 New Jobs Added in November [3-Minute Brief]

[At a Glance]
① Number of employed rises for 11 consecutive months... Growth led by those aged 60 and over
② Surge in deepfake false advertising damages... 'AI-generated content labeling system' to be implemented next year
③ December Asia Economic Outlook (ADO)... Adjusted up by 0.1 percentage points from September

MARKET INDEX

○All three major U.S. stock indexes closed higher... The Federal Reserve cut rates by 0.25 percentage points for the third consecutive time.

○Powell: "Downside risks for the labor market... Tariff-driven inflation is one-off."

○Market cheers unexpected dovish remarks

TOP 3 NEWS

■ 225,000 jobs added in November... but youth employment remains sluggish for 19 consecutive months (Comprehensive)

○Youth employment rate at 44.3%... down 1.2 percentage points
○Growth led by service sector stands out
○Construction down for 19 months, manufacturing down for 17 months 

■ Government to block fake AI doctor ads... 'AI-generated content labeling system' to be introduced

○AI usage must be checked when posting videos, photos, etc.
○Legislation to be revised early next year... Bipartisan sponsorship by lawmakers
○Government cooperation to block violations... Strict penalties for breaking the law

■ ADB raises Korea's 2024 growth forecast from 1.6% to 1.7%, keeps 2023 at 0.9%

○Effects of expansionary fiscal and accommodative monetary policy
○Korea's inflation rate forecast at 2.1% for both this year and next year
○Real estate slump and geopolitical threats continue to exert downward pressure

Graphic News: Big Tech flocks to India... Microsoft to build 26 trillion won data center

○About 1 billion internet users
○India rich in STEM talent
○Investments continue from Google, Amazon, and others

Money-Making Law

■ International arbitration leaves Korea for twice-as-expensive Singapore

○Despite SIAC fees being 1.5 times higher than KCAB, more are choosing Singapore
○KCAB international arbitration cases stagnate at 40-50 per year
○Government and KCAB ramp up efforts to foster the international arbitration industry and improve the system 
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025121014115831803

■ Public defender budget increased by 15.2 billion won... Unpaid fees of over 20 billion won expected to be resolved

○2026 public defender fee budget significantly increased
○Sharp rise in unpaid public defender fees is the cause
○Court Administration Office begins efforts to resolve unpaid fees and improve operations
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025121014293817131

■ Who owns Apgujeong District 3 plots?

○Ownership dispute over Apgujeong District 3 plots intensifies
○Hyundai Engineering & Construction and union members remain at odds
○Court to continue hearings on January 27 next year
☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025121014382475470

※ '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

Pescaro to be listed on KOSDAQ, final offering price set at 15,500 won

Rznomics KOSDAQ subscription, final offering price set at 22,500 won

IBKS No.25 SPAC KOSDAQ subscription, final offering price set at 2,000 won

Mirae Asset Vision SPAC No.11 KOSDAQ subscription, final offering price set at 2,000 won

○International

00:30 U.S. crude oil inventories

04:00 U.S. Federal Open Market Committee economic outlook

04:00 U.S. interest rate decision

04:30 U.S. FOMC press conference

17:30 Switzerland interest rate decision (Q4)

19:00 Eurozone finance ministers meeting

22:30 U.S. initial jobless claims

◇Lunch & Evening Commute Weather

○Lowest temperature: 6°C (▲5°C) ｜Highest temperature: 8°C (▼2°C)
○Precipitation probability: morning 60%｜afternoon 10%
○Fine dust: good in the morning｜good in the afternoon

Just 3 minutes for essential, high-value economic news. Published daily at 8 a.m.