The transcript discusses several topics, including real estate supply, the increasing debt of young and elderly people, and the impact of the US-China trade war on the automotive industry.
In the real estate sector, the reporters discuss the government's measures to stimulate the supply of public housing units and loans. They mention that the government has announced plans to supply an additional 120,000 public housing units and expand private PF loans by 20 trillion won. The reporters also note concerns about housing supply, with a decrease in the number of permits and construction starts.
The discussion then shifts to the increasing debt of young and elderly people. The reporters note that the number of household loan borrowers has increased significantly, with the debt being about 3 times the per capita income. They also mention that personal business loans are increasing among the elderly and middle-aged, possibly due to the rising cost of housing.
In the automotive industry, the reporters discuss the impact of the US-China trade war on Ford's plans to build a joint venture battery factory in Michigan with the Chinese company CATL. Ford announced that it would discontinue the project, citing the US's decision to create an IRA law and the union's demand for a larger wage increase.
In the technology sector, the reporters discuss Huawei's plans to enter the electric car market with a new brand called Luxid, developed jointly with the Chinese state-owned automobile company Chery. The first model, the S7, is expected to be released at the end of November and is targeted to be superior to the Tesla Model S in various aspects.
The reporters also mention that due to US sanctions, semiconductors with US technology cannot be obtained without approval from the US government. This has led to increased interest in what kind of semiconductors will be included in Huawei's electric car.
Overall, the transcript provides a comprehensive view of the current economic and technological trends in South Korea and their impact on various sectors.
1. The reporters are Lee Joo-ho and Kwon Sun-hoon.
2. The news mention a "D-day" event, suggesting it's a significant event, but doesn't provide specific details.
3. The government is planning to supply an additional 120,000 public housing units.
4. Private PF loans are set to be expanded by 20 trillion won.
5. The government announced measures related to real estate supply.
6. The number of permits nationwide decreased by 39% compared to the same period last year.
7. Construction starts decreased by 56% over the same period.
8. The Ministry of Land, Infrastructure and Transport and the Financial Services Commission of the Ministry of Strategy and Finance held a meeting of real estate and health-related ministers.
9. If a business operator has purchased public housing land but is unable to run the business, the land can be sold.
10. Early printing incentives are provided, and incentives are provided to those who receive permits quickly.
11. The government has decided to announce the new public housing land quantity of 20,05 in the first half of next year.
12. The household income by age group is a characteristic of loan borrowers.
13. Household loans are increasing a lot among the young generation.
14. Personal business loans are increasing significantly among the elderly and middle-aged.
15. The delinquency rate of vulnerable youth is increasing, and the personal business loans of the elderly are increasing.
16. The Bank of Korea released a financial safety report.
17. The debt was about 3 times the per capita income.
18. The debt was a lot compared to the income per person, which was about 3 times.
19. The debt increased to 2.26 times the GDP.
20. The retirement age in Korea is 72.3 years old.
21. The retirement age in other countries is 65 years old for men and 63 years old for women.
22. The net assets of middle-aged people over 40 are decreasing as real estate prices rise.
23. The debt of young people has increased from 80 million won to about 100 million won because house prices have become more expensive.
24. The percentage of young people taking out loans to secure deposits for rent has increased from 20% in 2019 to 30% last year.
25. 76% of the elderly over 65 years old said they did not want to live with their children.
26. The employment rate for those aged 65 or older was 34.9%, the highest among the 38 OECD member countries.
27. Ford of the United States is a joint venture battery factory in Michigan with Catl, a Chinese battery company.
28. The United States is now creating an IRA law and wants to create a battery ecosystem centered on the United States.
29. Huawei is working on an electric car, targeting the Tesla Model S.
30. Huawei has its own proprietary operating system called Harmony.
31. The Lucid S7 is expected to become a premium war vehicle equipped with Huawei Harmony OS and autonomous driving, voice recognition, and self-parking.
32. Huawei is currently holding launch events for new products, but they haven't even talked about the Kirin 9000 once.
33. China keeps announcing things like this, including the purchase of 6-hole pro, and that they have 7 nanometers.