Import Prices Surge on High Exchange Rates, November Impact Most Significant [3-Min Brief]

[Quick Overview]
1. Exchange rate impact widens: -0.21% (Jan?Sep) → 1.9% (Oct?Nov)
2. Global asset managers go all-in on stocks... Cash holdings at record low
3. Corporate loan surge accompanied by rising delinquency and non-performing loans

MARKET INDEX

○U.S. New York Stock Exchange falls across the board on concerns of an 'AI bubble' sparked by Oracle

○FT: "Oracle faces difficulties attracting data center investment"

○Overheated AI investment raises concerns, sharply cooling investor sentiment in tech stocks

TOP 3 NEWS

■ Import prices driven up by exchange rates had the biggest impact in November... What about domestic inflation?

○Exchange rate impact: -0.21% from January to September → 1.9% from October to November
○Affects domestic prices with a lag of 1 to 3 months
○"Petroleum products have already been affected"..."The impact may not be as large as feared"

■ Despite debates over AI being overvalued... Global asset managers choose stocks over cash

○Cash allocation at a record low of 3.3%
○Expectations for improved earnings and interest rate cuts
○Increased allocation to large tech stocks and commodities

■ Corporate loan delinquency and non-performing loans flashing "red"... "Non-manufacturing sector needs attention"

○KDB Future Strategy Research Institute report
○Concerns over decreased debt repayment capacity due to high exchange rates and U.S. tariffs
○Recommendations for managing the asset quality of non-manufacturing sector loans, including construction

Graphic News: Hyundai Motor Company and DeepX to develop industrial AI robots next year

○Hyundai Robotics Lab expected to unveil new robot next year
○Equipped with DeepX NPU M1... Expanded AI model verification
○Large-scale investment by Hyundai Motor Group raises expectations for the domestic ecosystem

Money-Making Law

■ Kim & Chang leads, Sejong and Yulchon on the rise

○Kim & Chang ranked Band 1 in 17 categories-the most top-tier rankings among Korean law firms
○Sejong and Yulchon rise, while Bae, Kim & Lee and Lee & Ko see some adjustments
○Boutique law firms excel in international arbitration and shipping
☞Read more: https://www.asiae.co.kr/article/lawtimes/2025121714520575148

■ 7 trillion won Terra Luna crisis... What penalties could Do Kwon face if extradited to Korea?

○Massive investor losses due to Terra and Luna crash
○Do Kwon arrested, extradited to the U.S., and agreed to a hefty fine
○Possibility of further trial if extradited to Korea in the future
☞Read more: https://www.asiae.co.kr/article/lawtimes/2025121715023837231

■ 20% drop in applicants for court-appointed defense in lower courts

○Number of applicants for court-appointed defense in lower courts has decreased over the past 10 years
○Main reasons are issues with compensation, reimbursement of expenses, and work burden
○In contrast, Supreme Court-appointed defense support increased by 36%
☞Read more: https://www.asiae.co.kr/article/lawtimes/2025121715072423708

※ 'Money-Making Law,' a content partnership between The Asia Business Daily and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

KOSDAQ: Algenomics listed, final public offering price 22,500 won

KOSDAQ: Semifive subscription, final public offering price 24,000 won

○International

00:30 U.S. crude oil inventories

21:00 U.K. interest rate decision (December)

21:00 U.K. Bank of England inflation letter

22:30 U.S. Consumer Price Index (MoM) (November)

22:30 U.S. Philadelphia Fed Manufacturing Index (December)

22:30 U.S. Initial Jobless Claims

22:30 U.S. Continuing Jobless Claims

22:30 Canada Weekly Average Earnings (YoY) (October)

◇Lunch & Evening Commute Weather

○Lowest temperature: -2℃(▼4℃) ｜Highest temperature: 7℃(0℃)
○Chance of precipitation: Morning 0%｜Afternoon 0%
○Fine dust: Moderate in the morning｜Moderate in the afternoon

3 minutes is all you need-essential, high-value economic news. Published daily at 8 AM.