Simultaneous general strikes, the "worst winter labor struggle" is coming. From the 24th, the Cargo Truckers Solidarity refuses transport, and the subway, railways, and others go on strike one after another, with logistics paralysis again an "emergency" five months on. Large labor issues such as the abolition of the Safe Trucking Freight Rates System and legislation of the Yellow Envelope Act. With actual transaction prices inverted... the official assessed price will be lowered "next year" to the 2020 level.
Apartment prices nationwide plunge at a record level; the realization rate pivots from a freeze to a cut. As funds rush into banks... the government says "refrain from raising deposit rates." It has spread into a liquidity crisis in the secondary financial sector and even triggered a rise in lending rates. KOSPI 2444.48, KOSDAQ 731.92, treasury bond rate 3.787, exchange rate 1340.3, yen 956.25. Even as 9 trillion won of budget is injected... health insurance spending is not subject to National Assembly review or fiscal-authority control. The government and ruling party propose a "fund-conversion bill." Insurers short of cash sold 5 trillion won of bonds over two months... capital company rates jumped threefold. Doondchon Jugong 59m2 loan: a couple earning a combined 100 million won faces up to 500 million won in interest burden and hesitates on subscription?... Aim for "interest-free interim payments." Even Gangwon, which had been warming, saw its winning-bid ratio "plunge"... the colder auction market saw the winning-bid ratio fall to 99.4%, down 9.7% from the previous month.
A farmer working two jobs cannot get a capital gains tax reduction if they earn over 37 million won. Woori Bank and the law firm Shin & Kim sign a joint marketing agreement for trust services; Hana Financial joins hands with KST on "digital finance." A "low-surrender pension insurance" is coming. "Increased payout on long-term maintenance." Life insurers will also handle traveler and driver insurance.
Next year's stock market "low first, high later"... "KOSPI to reach the 2600 line in the second half." Due to the economic downturn, a decline in the first half is forecast, with strength as fitness recovers in the second half. Semiconductors and secondary batteries will hold up the market. The KOSPI forecast of the 2000-2600 line is the most common. Rising from the third quarter... overweight in the first half. Three including Hyundai Motor, plus Naver and Kakao recommended; with "new factory operation," Samsung Bio is also picked as a promising stock. Promising sectors and stocks: semiconductors, secondary batteries, bio, finance, construction, shipbuilding/machinery, steel/chemicals, pharmaceuticals. Samsung Electronics, LG Energy Solution, Samsung Biologics, Shinhan Financial; Samsung Electronics, SK Innovation, Samsung Engineering, Samsung SDI, Hyundai Mobis, POSCO Holdings. The first half is a stock-picker's market... attention to small-and-mid-cap stocks with low PBR; NHN, Hanil Cement, etc. The UN climate summit failed to agree on reducing all fossil fuels; Brazil and others opposed stronger reduction regulations. Will Beijing lock down again? Trump's Twitter account restored after 22 months. Malaysia's prime minister to be designated by the king.
The aftershock of the FTX bankruptcy... El Salvador at risk of default. With "King Dollar" faltering, set a strategy of dollar split-buying in preparation for next year's economic downturn. Pay with a card in November when tax payments are many and grab the benefits too. The country's largest 3D animation firm, SMAG Entertainment, holds its public subscription. Foreigners scooped up Chunbo, a representative beneficiary of the U.S. IRA.
- Up 25% over a month, Chunbo became the world's first to succeed in mass-producing the next-generation electrolyte additive lithium-ion electrolyte (LiFSi). It secured price competitiveness through a process that lowers cost by up to 50%. Third-quarter operating profit was 15.3 billion won, up 29% year on year.
Will not even one securities firm make the "1 trillion club" this year? Long-term bond ETFs revived... "an upward rally next year too." Verizon, Cisco, 3M... "two birds with one stone" solid stocks rise. Ten undervalued dividend stocks, names that maintain a dividend yield of 3% or more per year yet have fallen far from their target price. They include Verizon Communications, 3M, Medtronic, Blackstone, and others.
Alibaba "earnings shock," target prices cut one after another. Commission revenue saw its largest-ever drop. The shopping peak season "Black Friday" draws attention... the November FOMC minutes are also released. China's COVID confusion... possibility of a small benchmark-rate cut. LG Electronics makes ESG education "mandatory for employees worldwide." "SLB," an ESG bond that prevents greenwashing, is rising.
SLB: sustainability-linked bond — a bond that sets ESG targets at issuance and whose interest rate varies according to subsequent fulfillment. Over 5G ultra-high-frequency investment... the three telecom firms have "diverging calculations." Boston Dynamics now wages a "robot war" head-to-head against the manufacturer Tesla. The logistics robot "Stretch" is on the verge of mass production.
Domestic eco-friendly vehicles top 1.5 million units. Up 38% in one year, 5.9% of the total; electric vehicles surged 73% to 365,000 units. Neglecting one's own self-harming semiconductor act, missing the timing further will make legislation useless. Even Taiwan enacted a law expanding tax support for semiconductor firms; semiconductor firms' R&D cost tax credit raised from 15% to 25%, advanced equipment cut by 5%; Korea's semiconductor industry ranks 5th in the world.
Even with all of Lee Jae-myung's close aides arrested, calling it "fabrication"... is the judicial system a joke? 25% of startups "consider relocating abroad." Cutting through regulation is the best investment and support.