Seoul Apartment Price Growth Hits All-Time High, Surpassing Moon Administration [3-Minute Brief]

[At a Glance]
① Seoul apartment prices up 8.1% this year... Annual growth rate hits all-time high
② Korea Economic Research Institute forecasts next year's economic growth at 1.7%... "Export-driven, domestic demand improving"
③ 30 trillion won to be invested in the National Growth Fund next year... 600 billion won in 'public participation' mutual funds to be raised

MARKET INDEX : Year to date

○ US New York stock market falls as November employment slows, with Dow and S&P declining

○ Retail sales stagnate in October amid weakening labor market

○ Tesla hits all-time high, oil prices at lowest in four years

Top3 NEWS

■ Not only did it fail to cool down, but Seoul apartment prices rose even higher than during Moon Jae-in's term... Annual growth rate hits all-time record

○ According to Korea Real Estate Board statistics, the annual increase is the highest since data collection began
○ 9 out of the top 10 districts for price increases are located near the Han River
○ Decreased supply and increased liquidity are cited as reasons for the rise in housing prices

■ Korea Economic Research Institute forecasts "next year's economic growth rate at 1.7%"... "Semiconductors and shipbuilding to lead exports"

○ Exports expected to increase by 0.8% year-on-year next year
○ Current account surplus estimated at 89 billion dollars
○ Domestic demand to improve moderately, with private consumption increasing

■ Government launches major economic leap... 30 trillion won National Growth Fund and 15 ultra-innovative projects underway (Comprehensive)

○ 15 trillion won each for the Advanced Strategic Industry Fund and private capital
○ Completion of ultra-innovative economy with superconductors, K-Bio, and more
○ Plan to invest 4.5 trillion won to secure overseas logistics hubs

Graphic News: The lending cliff will continue next year

○ Productive finance and risk weight for mortgage loans increased

○ Some commercial banks to impose penalties for exceeding mortgage loan targets

○ Mortgage loan capacity expected to shrink further next year

the Chart: Individuals vs. Foreign Investors - Diverging views on 'Cheonsdaq' leaders... Bio vs. Secondary Batteries

○ Foreign investors are net buyers of Ecopro, while individuals favor Alteogen

○ Alteogen benefits from relisting, Ecopro from positive news about its subsidiary

○ Ecopro BM's Hungarian plant to begin commercial operations in Q2 next year

Today's Key Schedule

○Domestic

KOSDAQ: Naraspace Technology to be listed, final offering price set at 16,500 won

○Overseas

00:00 US Business Inventories (MoM) (September)

05:30 Japan CFTC JPY speculative net positions

05:30 US CFTC S&P 500 speculative net positions

05:30 US CFTC Nasdaq 100 speculative net positions

06:30 US API Weekly Crude Oil Stock

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

18:00 Germany ZEW Economic Sentiment (December)

22:30 Canada Foreign Securities Purchases (October)

◇ Lunchtime & Evening Commute Weather

○ Lowest temperature: 3°C (0°C) ｜ Highest temperature: 7°C (▼1°C)
○ Precipitation probability: 20% in the morning ｜ 0% in the afternoon
○ Fine dust: Moderate in the morning ｜ Moderate in the afternoon

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