"Seoul Apartment Prices Account for 43% of National Total... Risk Index Hits All-Time High" [3-Minute Brief]

[At a Glance]
1. Concentration intensifies... Seoul apartment market cap at 43.3%, loan share at 34.2%
2. Elderly self-employed borrowers up by 372,000 in four years... Now 31.2% of the total
3. Continued high exchange rates expand foreign currency loans... Growing burden on banks

MARKET INDEX : Year to date

○US New York stock market rises on surprise Q4 growth and AI rally

○US Q3 GDP growth rate at 4.3%, exceeding market expectations

○Despite solid growth, expectations remain for two rate cuts next year

Top3 NEWS

■ Seoul apartment market cap hits all-time high at half of national total... Three key features of the changing housing market

○Seoul apartment market cap at 1,817.6 trillion won, accounting for 43.3%... Increasing concentration on "one smart property"
○Proportion of jeonse (lump-sum lease) transactions declines, monthly rental transactions expand... Monthly rentals now 60.2%
○Weakened link between household loans and housing prices... More home purchases made with own funds

■ Number of elderly self-employed borrowers nears 1 million... 15% are vulnerable borrowers

○As of the end of Q3 this year, 963,000 people... 31.2% of the total
○Increased by 372,000 over four years... Driving overall growth
○"Vulnerable to changes in real estate market... Customized support needed for business transitions"

■ Banks on alert due to continued high exchange rates..."Expansion of foreign currency loans, year-end settlement burden"

○Government's "high exchange rate defense" response could lead to expansion of foreign currency loans
○If exchange rates rise, the won-converted amount increases, negatively impacting soundness indicators
○Exchange rates reflected in year-end settlements as well... Close attention to the impact

Graphic News: "Even blue chips are moving" unsettled..."If Naver and Celltrion had moved earlier, KOSDAQ would have hit 1,000 points"

○Blue chip Alteogen to transfer listing to KOSPI

○Previously, Celltrion, Kakao, and Naver also moved

○Major IPO candidates prefer KOSPI over KOSDAQ

the Chart: Domestic real estate PF situation improves... Delinquency and insolvency both decline

○Financial Services Commission holds "Real Estate PF Status Review Meeting"

○Real estate PF exposure at 177.9 trillion won... Down 8.7 trillion won from previous quarter

○Loans at risk of default at 18.2 trillion won, declining for the second consecutive quarter

Today's Key Schedule

○Domestic

KOSDAQ: Livesmed listing, final public offering price 55,000 won

○Overseas

00:00 US CB Consumer Confidence Index (December)

01:30 US Atlanta Fed GDPNow (Q4)

05:00 US New Home Sales (September)

06:30 US American Petroleum Institute (API) Weekly Crude Oil Inventories

08:50 Japan Monetary Policy Meeting Minutes

22:30 US Initial Jobless Claims

◇Lunch & Evening Commute Weather

○Lowest temperature 1°C (▲1°C) ｜Highest temperature: 6°C (▲1°C)
○Precipitation probability: morning 60%｜afternoon 0%
○Fine dust: normal in the morning｜normal in the afternoon

Just 3 minutes is enough. Essential, cost-effective economic news. Published daily at 8 a.m.