Public Debt-to-GDP Ratio Fell to 68% Last Year... First Decline in Six Years [3-Minute Brief]

[At a Glance]
① Last year, the public sector debt ratio declined for the first time in six years, reaching 68% of GDP
② The government emphasizes power procurement centered on Gyeongbuk and Honam, raising concerns over semiconductor investment burdens
③ "Trump Gold Card" applications begin?immediate U.S. residency granted for a payment of 1.5 billion won

MARKET INDEX : Year to date

○ The three major U.S. stock indices ended mixed in New York.
○ The Nasdaq plunged due to the "Oracle shock."
○ The Dow Jones Industrial Average and S&P 500 hit all-time highs.

Top3 NEWS

■ Korea's Public Debt-to-GDP Ratio Falls to 68%... First Decline in Six Years

○ 2024 general government and public sector debt results announced
○ Public debt ratio fell by 1.5 percentage points, recording 68%
○ Total public debt surpassed 1,700 trillion won, marking an all-time high

■ Government Urges Power Use in Southern Regions... Seoul Metropolitan Manufacturers Face 1.4 Trillion Won Annual Burden

○ Government K-Semiconductor Development Strategy Briefing
○ Emphasis on power procurement from Gyeongbuk and Honam, east and west regions
○ Concerns over increased costs and potential supply shortages in the Seoul metropolitan area

■ "Finally Open" - Controversial 1.47 Billion Won Gold Card Residency Launched... ESTA Screening Tightened

○ On the 11th, Trump announced, "Open today"
○ 'Travel visa' ESTA screening has been tightened
○ Mandatory submission of five years' worth of social media account information

Graphic News: Prices Jumped 100%... "Still More to Come, Five-Year Supply Shortage" Forecast Spurs Interest in Silver ETFs

○ KODEX Silver Futures (H) ETF has surged 97% year-to-date
○ Silver futures prices on the New York Mercantile Exchange surpassed $60 per ounce
○ Growing interest in silver-related ETFs amid expectations of further price increases

the Chart: Why Are Insurers Cutting Loan Rates as Market Rates Rise?

○ At the end of October, insurance policy loan rates fell to 4.21%, down from the first half of the year
○ Three-year government bond yields soared to their highest level of the year
○ Insurers face shrinking margins, intensifying competition over preferential rates

Today's Key Schedule

○Domestic

Quadmedicine to be listed on KOSDAQ, final public offering price: 15,000 won

Kyobo No.19 SPAC to be listed on KOSDAQ, final public offering price: 2,000 won

Kiwoom Hero No.1 SPAC to be listed on KOSDAQ, final public offering price: 2,000 won

Mirae Asset Vision SPAC No.10 KOSDAQ subscription, expected public offering price: 2,000 won

Samjin Food KOSDAQ subscription, final public offering price: 7,600 won

Hana No.36 SPAC KOSDAQ subscription, final public offering price: 2,000 won

○Overseas

02:00 U.S. 30-year Treasury bond auction

06:30 New Zealand Business PMI (November)

16:00 Germany Consumer Price Index (YoY) (November)

16:45 France Consumer Price Index (MoM) (November)

17:00 Spain Consumer Price Index (YoY) (November)

17:00 China New Loans (November)

◇ Lunchtime & Evening Commute Weather

○ Lowest temperature: 3℃ (▼8℃) | Highest temperature: 6℃ (▼2℃)
○ Precipitation probability: 20% in the morning | 20% in the afternoon
○ Fine dust: Good in the morning | Good in the afternoon

Just three minutes for essential, cost-effective economic news. Published daily at 8:00 AM.