Consumer Sentiment Surges in January as "Dream KOSPI 5,000" Breaks Through [3-Minute Brief]

[Quick Overview]
1. Consumer sentiment rises slightly in January, boosted by strong exports and stock market
2. Korean economy contracts in Q4 last year... Construction slump is the main cause
3. Ministry of Culture, Sports and Tourism establishes 730 billion won content policy fund... Accelerating the "K-Culture 300 trillion won" initiative

MARKET INDEX : Year to date

○U.S. New York Stock Exchange: All eyes on this year's first FOMC meeting

○Attention on candidates for the next Federal Reserve Chair

○Focus also on big tech earnings reports

Top 3 NEWS

■ "KOSPI 5,000" in sight, consumer sentiment surges... rebounds in just one month

○January Consumer Sentiment Index at 110.8, up 1.0 point
○Boosted by strong domestic stock market and expectations for government economic growth strategies
○Home Price Outlook CSI, which leads by 8 months, hits highest level in 4 years and 3 months

■ Construction drags GDP growth down by 1.4 percentage points... 19 consecutive months of downturn, the longest ever

○Sluggish construction investment wipes out 1.4 percentage points from growth rate
○Record number of construction company closures for two consecutive years
○Concentration on redevelopment and reconstruction projects, while public sector down 27%

■ "K-Culture's 300 trillion won bet"... Record 730 billion won fund goes all-in on IP and exports

○Up 22% from previous year... "Breaking away from subcontracting bases and securing 'IP sovereignty'"
○Emergency funding for the struggling film industry, with 60% of the fund contributed by the government
○"Government covers losses, private sector takes profits"... bold incentives to thaw the investment freeze

Graphic News: Apgujeong Districts 4 and 5 begin contractor selection... The era of 10 billion won per unit opens

○In Apgujeong-dong, average sale prices have risen 30% compared to two years ago

○Upon completion of reconstruction, prices could reach 3 billion won per 3.3 square meters

○Buyers in Banpo and Daechi also eyeing Apgujeong entry... "Multiplier effect remains strong"

the Chart: "Getting a jeonse in Seoul is getting harder"... Apartment contract renewals approach 50%

○Last month, apartment jeonse contract renewals accounted for 49%

○Up 5.3 percentage points from the previous month

○Contract extensions on the rise due to concerns over jeonse shortages

Today's Key Schedule

○Domestic

○International

14:00 Japan Leading Index (MoM) (November)

18:00 Germany Expectations Index (January)

22:30 U.S. Core Durable Goods Orders (MoM) (November)

23:00 France 1-Year BTF Auction

◇Lunch & Commuting Weather

○Lowest temperature: -8℃ (▲3℃) ｜Highest temperature: -2℃ (▲1℃)
○Precipitation probability: 20% in the morning, 30% in the afternoon
○Fine dust: Moderate in the morning, Moderate in the afternoon

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This content was produced with the assistance of AI translation services.