3% Growth Rate, Top 4 in Trade, $50,000 Per Capita Income…Next Year's Minimum Wage ₩10,700 | Trump Reverses 'Toll' in One Day…'Replaced with Middle East Investment Agreement' | Kwon Soon-woo 3PRO TV Reporter [News3]

Summary

Markets got relief as Trump reversed the Hormuz toll and US CPI eased, while SK Hynix ADR soared 27% on Barclays' bullish memory call. The KOSPI's valuation hit levels below the 2008 crisis, prompting deep value discussions. Other topics included the new minimum wage and the government's 3-4-5 economic vision heavily tied to memory exports.

• Trump scrapped the 20% fee on vessels passing Hormuz, replacing it with investment agreements, easing energy price risks.
• US CPI fell 0.4% month-over-month, reducing inflation concerns and supporting a Fed rate pause in July.
• SK Hynix ADR surged 27% after Barclays set a $330 target on persistent memory supply shortages through 2027.
• KOSPI forward P/E dropped to 6.35x, lower than the 2008 financial crisis low, signaling extreme undervaluation.
• Korea's 3-4-5 vision targets 3% growth, top-four trade status, and $50,000 per capita income, highly dependent on memory exports.
• Next year's minimum wage set at 10,700 KRW per hour, up 3.7%, amid high inflation and consumption slump.
• Concerns raised that Korea's data center expansion may benefit foreign players more if domestic technology and value capture are lacking.