[0504주요뉴스] Chairman Kim Ik-rae “Ra Deok-yeon’s suspicion of short selling is an absurd claim”

Here are the top news from the media at this time of May 4th presented by Infostock Daily.

[인포스탁데일리=윤서연 기자]

▲ Chairman Kim Ik-rae “Ra Deok-yeon’s suspicion of short selling is an absurd claim”

Ik-rae Kim, chairman of Daoukium Group, submitted a transaction statement which he argued was false regarding the suspected short selling alleged by Deok-yeon Ra, CEO of H Investment Advisory, regarding the block deal of Daou Data. In a recent interview with the media, CEO Ra said, “It is necessary to check whether the 60 billion won by Chairman Kim’s side has been accepted into the account. “It should be. If real money didn’t come and go, it was a short sale at market price,” he said. In another interview, Ra’s CEO also claimed that he could have just gone into stocks without actually receiving money, and that short selling without borrowing was suspected. Chairman Kim’s side called this an “absurd claim” and released a ‘statement of balance and transactions’.

▲ US Fed Base Rate 0.25% P Another increase… Possibility of future freeze

The US central bank raised interest rates by another 0.25 percentage points. The interest rate increase on this day was predicted by the market, but in Korea, the interest rate gap between Korea and the United States has widened further, and the Bank of Korea is very concerned about whether we should raise interest rates too. The Fed also said that, although inflation remains high, it would “consider the cumulative tightening of monetary policy and the delay affecting the development of economic and fiscal conditions.” He added that he would consider the effect of cumulative austerity on the economy without commenting on further progress. The Federal Reserve System, the central bank of the United States, made a statement after holding a regular meeting of the Federal Open Market Committee (FOMC) on the 3rd (local time) and announced that it would raise the base interest rate by 0.25 percent. points. As a result, the benchmark interest rate in the US has been raised to 5.00-5.25%.

▲ Private jobs in the US increased by 296,000 in April… more than double what was expected

Private sector employment in the US rose by 296,000 in April, the highest in nine months. That more than doubled the 133,000 job gains that economists had been expecting. ADP, a private payroll processor in the United States, announced on the 3rd (local time) that the number of jobs in the private sector in April was higher than expected, namely 296,000. Figures released by ADP indicate that the US labor market is still strong in terms of the number of real paying workers. Economists surveyed by the Wall Street Journal expected private sector jobs to rise by 133,000 in April. On the 5th, the US Department of Labor will release new jobs numbers for April, including new government jobs. The Labor Department is expected to report 180,000 new jobs.

▲“The import of US, Samchun and Hynix high-tech equipment from factories in China is extended by one year”

The Financial Times (FT) reported on the 3rd (local time), citing sources, that Samsung Electronics and SK Hynix will be able to send advanced American manufacturing equipment to local semiconductor factories in China until at least next year. According to sources, the US has sent an unofficial message to Samsung Electronics and SK Hynix that it may extend the import of US-made advanced semiconductor manufacturing equipment for at least another year. In October last year, the United States banned its advanced semiconductor equipment from entering China and suspended it for one year for Chinese factories such as Samsung Electronics and SK Hynix, but this is an additional year. Samsung Electronics has a NAND flash factory in Xian, China, and SK Hynix produces about half of its total DRAM production in Wuxi, China.

▲ Hamburger inflation rate of 17.1% in April… best in 19 years

In April, consumer price inflation for hamburgers topped the 17% mark, the highest in 19 years. Pizza is at 12%, the highest in 15 years since the global financial crisis of 2008. According to the National Statistics Portal of the National Statistical Office on the 4th, the price of hamburgers last month rose 17.1% from the same month last year. The inflation rate for hamburgers was the highest in 18 years and 9 months since July 2004 (19.0%). The inflation rate of hamburgers pulled up a steep curve from 7.1% in February to 10.3% in March and 17% last month. Pizza inflation last month was 12.2%, the highest in 14 years and 5 months since November 2008 (13.2%).

▲ Rapidly aging population… up to 950,000 gained per person in 2050

The cost of health insurance is expected to increase significantly as the medical costs of the elderly increase rapidly due to the rapidly aging population. Because of this, the additional health insurance premium per person was analyzed to be 350,000 won in 2030, 710,000 won in 2040, and 950,000 won in 2050. Specifically, it is analyzed that the additional burden of health insurance will be on for the working-age population between the ages of 25 and 64 will increase to 2.01 million won by 2050. According to the Health Insurance Corporation on the 4th, Hong Seok-cheol, a standing member of the Low Fertility and Aging Society Committee (Economics Professor at Seoul National University), the 6th Healthcare Big Data Research Conference held on April 28, entitled ‘Managing Lifetime Medical Expenses and Reforming the Healthcare System’ made this estimate in a special lecture by

▲ Interpark, 747.8 billion in transaction volume in the first quarter of this year … “The biggest ever”

Interpark announced on the 4th that the transaction amount in the first quarter of this year was 747.8 billion won, an increase of 167% from 279.7 billion won in the same period last year. This is a record high, surpassing the 741.9 billion earned in the fourth quarter of last year. Compared to the same period in 2019 (622.2 billion won) before Corona 19, it has grown by 20%. In order to pre-emptively respond to the reopening of foreign travel (resumption of economic activities), Interpark explained that it was found to record growth by introducing differentiated services and products such as a mixed round trip ticket service and semi-package and free schedules. for individual travelers.

▲ Pointer, the direction of the ‘big three strategies’… “Continue to invest boldly until 2030”

POSCO International is adding the wings of the food business to the energy business, and is pushing for a full leap into an ‘eco-friendly general business company’. On the 4th, POSCO International established a detailed plan for the food business as part of the growth strategy announced in April and announced its plan to grow into a ‘top 10 large food company in the world’. To this end, secure 860,000 hectares of arable land, produce 7.1 million tons, and process 2.34 million tons through bold investments by 2030 under the three strategic directions of securing a global raw grain procurement system, establishing a food value chain fixed, and nurture new. Ag-Tech businesses set the goal of building

▲Kakao’s ‘Shock Win’, 55% operating profit in the first quarter compared to the previous year’s ‘sharp decline’

Kakao announced on the 4th that its operating profit on a consolidated basis in the first quarter of this year was 71.1 billion won, a decrease of 55% from the same period last year. Sales increased 5% year over year to KRW 1,740.3 billion, and net income plunged 93.4% to KRW 87.078 billion. In the platform sector, in particular, the portal’s business area decreased by 27% compared to the same period last year, and in the content sector, the story and media areas decreased by 5% and 10%, respectively. Kakao’s first quarter performance this year was well below market expectations.

▲ Dongwon Systems, triggering a secondary battery material business

Dongwon Systems introduces state-of-the-art rolling facilities and is accelerating the expansion of its secondary battery anode foil material business. Dongwon Systems, a key component and material company for secondary batteries, announced on the 4th that it has signed a contract with Achenbach of Germany, a world-class aluminum foil production machinery company, to purchase additional wide-width rolling mills worth a total of KRW. 35.1 billion. This additional introduction is expected to greatly expand Dongwon Systems’ anode foil production capacity. The wide rolling mill is state-of-the-art mechanical equipment used to make aluminum anode foil, a key part that acts as a path for electrons in a secondary battery.

▲ ‘Rexton’ returned to KG Mobility… The keywords are high technology, power and emotion

KG Mobility unveiled ‘Rexton New Arena’ and ‘Rexton Sports & Khan Coolmen’, new cars from the Rexton brand, a series of premium sports utility vehicles (SUV). KG Mobility held a new car launch for three models at the Yangjae AT Center in Seocho-gu, Seoul on the 3rd, and announced that it has started sales in earnest. The name Rexton New Arena means it has a magnificent interior reminiscent of an ‘Arena’. The front of the vehicle features a ‘diamond-shaped’ radiator grille and 4-beam full light emitting diode (LED) projection headlamp with dynamic welcome/goodbye lights that operate when the driver gets on and off.

▲ Consider separating Kakao and Daum as an internal independent company

Kakao is reviewing the separation of its portal site ‘Daum’ from an internal independent company (CIC). According to the industry on the 4th, Kakao is discussing internally whether to operate the following services under a separate CIC system. CBC refers to small companies as start-ups belonging to companies. It is an organization that can decide independently on the general management tasks necessary for organizational functioning, such as human resources and finance. However, a Kakao official said, “We are internally reviewing the conversion of CIC in the next business division,” and “we have no intention to spin off or sell.”

▲ Kakao Bank’s first quarter operating profit earned 130 billion, a ‘maximum’

Kakao Bank recorded an operating profit of 136.4 billion won in the first quarter of this year, achieving the highest quarterly performance. This is interpreted as the effect of a sharp increase in mortgage lending. Kakao Bank announced on the 3rd that its operating profit in the first quarter of this year exceeded 136.4 billion won, an increase of 54.3% compared to the same period last year, achieving the highest quarterly performance. Net profit for the first quarter was 101.9 billion won, an increase of 52.5% compared to the first quarter of last year. According to Kakao Bank, the balance of housing mortgage loans (Judamdae) was higher than 2.4 trillion won in one year of launch. Judamdae’s new handling amount increased by 81% to 1.437 trillion won in the first quarter compared to the previous quarter (794 billion won). The balance of deposits and loans recorded KRW 40.2 trillion and KRW 29.3 trillion, respectively.

Reporter Yoon Seo-yeon yoonsy0528@infostock.co.kr

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