Government to Distribute 10,000 Secured GPUs to Startups and Academia Starting February [3-Minute Brief]

[At a Glance]
① "Coupang Incident" to be addressed by inter-ministerial task force
② Increase in D-rated large companies with low prospects for business normalization
③ Exchange rate breaches 1,480 won, prompting emergency measures by FX authorities

MARKET INDEX : Year to date

○All three major U.S. stock indexes closed higher... rebound driven by Micron's surprise earnings
○U.S. Consumer Price Index growth slowed to 2.7% in November
○Despite potential statistical distortions, expectations for a 'Fed put' are rising

Top3 NEWS

■ Government to release 10,000 GPUs starting in February... Inter-ministerial task force launched in response to Coupang incident

○Second meeting of the Science and Technology Ministers, presided over by Deputy Prime Minister Bae Kyunghoon
○Goal to foster five AI semiconductor unicorns
○Accelerating the adoption of domestic NPUs in the public sector

■ More large companies facing bankruptcy risk than last year... Real estate sector most affected

○Increase observed when combining ad-hoc evaluations of small and medium-sized enterprises
○By sector: real estate, automobiles, and wholesale brokerage in order
○"Prolonged high interest rates are worsening financial structures"

■ Exchange rate returns to martial law era levels, prompting emergency measures by FX authorities... "Expansion of forward FX positions"

○Plans to flexibly adjust foreign exchange soundness regulations
○Easing of foreign currency holding requirements for financial institutions
○Supervisory measures temporarily suspended until next year

Graphic News: Large conglomerate stocks stagger as foreign investors exit... 143 trillion won wiped from top 7 groups' market cap

○Market capitalization of the top seven groups declined, except for Hyundai Motor Group
○"Foreign investor outflows identified as the main cause"
○"Shift in demand from large-cap to small- and mid-cap stocks leading to mean reversion"

the Chart: Internet banks that grew on household loans... now seeking new revenue sources as mortgage lending stalls

○Toss Bank to launch foreign remittance service starting January next year
○KakaoBank becomes the first internet bank to enter the retirement pension market
○Striving to reduce reliance on interest income

Today's Key Schedule

○Domestic

06:00 Korea Producer Price Index (MoM) (November)

IBKS No.25 SPAC to be listed on KOSDAQ, final public offering price set at 2,000 won

○Overseas

06:00 U.S. Net Long-Term TIC Flows (October)

06:30 Federal Reserve balance sheet

06:45 New Zealand Trade Balance (MoM) (November)

08:30 Japan Core Consumer Price Index (YoY) (November)

12:00 Bank of Japan interest rate decision

◇Lunch & Commute Weather

○Lowest temperature 0℃(▲2℃) ｜Highest temperature: 10℃(▲3℃)
○Chance of precipitation: 30% in the morning｜30% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

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