SK Hynix Labor-Management Agreement Rejected: 700 Million Won Bonus But No 60% Stock; Canada Imposes $20 Billion Retaliatory Tariffs on US... 15-50% on 700 Items | Kwon Soon-woo, 3PRO TV Reporting Team Leader

Summary

Kwon Soon-woo reviews the morning's macro and corporate news, starting with an unverified US-Iran Hormuz ceasefire report and Canada's retaliatory tariffs on US goods. The main corporate story is SK Hynix's union rejecting a stock-heavy bonus plan by 25 votes, which Kwon contrasts unfavorably with Hyundai Motor's constructive labor agreement. He also presents Korean retail money-flow data showing a sharp shift out of equities and bank-sold ETFs into deposits, dollars, and gold.

• The US-Iran Hormuz ceasefire report is unverified and lacks concrete details, but markets may treat it as a mild positive.
• Canada announced retaliatory tariffs up to 50% on US$20B of US goods, and trade conflict headlines could persist into November midterms.
• SK Hynix union rejected a 40% cash/60% stock bonus plan by only 25 votes, raising shareholder alignment concerns.
• Hyundai Motor's labor agreement is seen as more constructive, including new technical hires and future labor discussions.
• Five major Korean banks' time deposits exceeded 1,000 trillion won as risk-off retail flows accelerated.
• Bank-sold ETF balances collapsed from 14 trillion won in June to 0.5 trillion won this month.
• Dollar and gold balances also increased; dollar depositors may be underwater while gold has recently rallied.