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오피니언

오피니언

Domestic Investors Pour 3 Trillion Won into SpaceX, But Face -30% Returns

산업 일반

Many South Korean individual investors have been pouring a huge amount of money into SpaceX ever since it went public in the U.S. In just two weeks after the listing, they bought nearly 3 trillion won worth of shares. However, the stock has since fallen more than 30% from its high, leaving many investors facing heavy losses.SpaceX Emerges as Top Pick for South Korean Retail InvestorsData from the South Korea Securities Depository shows that South Korean retail investors bought a net USD 1.879 billion (about KRW 2.909 trillion) worth of SpaceX shares between June 12 to June 25. This was the highest net buy for any foreign stock during that period.Notably, South Korean investors were actually selling U.S. stocks overall during June, cutting back a net USD 332 million to take profits. SpaceX was the only stock they kept buying. It appears that many sold their other holdings just to secure SpaceX shares.To compare, Micron Technology reported its highest quarterly revenue of USD 41.46 billion around the same time. South Korean investors, though, only bought about USD 470 million worth of its shares. That is not even a quarter of what they invested in SpaceX. This indicates that South Korean investors were far more attracted to the growth potential of the aerospace industry than to semiconductor stocks.The continuous buying didn't stop at regular shares. A leveraged ETF that tracks twice the daily performance of SpaceX brought in USD 234 million in net purchases, ranking in the top 10 most bought foreign stocks. Some investors were making highly aggressive bets on SpaceX's upward trend.This massive interest from Korean retail investors largely stems from SpaceX's status as a pioneering private aerospace company led by Elon Musk. On top of that, investors who missed out on the IPO were finally able to buy shares freely in the open market, causing several eager buyers to enter the market at once.The Stock Plummets After Debt NewsHowever, market performance did not meet expectations. Right after listing, SpaceX surged to USD 225.64 on June 16, which was more than 67% above the IPO price of USD 135. But the upward momentum did not last. From the fourth day of trading, the stock started sliding, and it now sits around USD 154.54, down about 31.5% from that peak. The worst single day was June 22, when the stock fell 16.43% in one session.This sharp decline was triggered by news that SpaceX is planning to raise at least USD 20 billion by issuing corporate bonds to fund AI infrastructure. Investors grew concerned about the rising debt levels and whether it would negatively impact shareholder value.While many still believe SpaceX has a strong long-term future, analysts warn that the stock is experiencing high volatility, which is typical for newly listed companies. When a hot stock first goes public, prices are often driven more by market excitement than company's actual fundamental value.The leveraged ETF carries even higher risks. Because it moves at twice the rate of the underlying stock, losses accumulate twice as fast. There have already been plenty of cases in South Korea where investors suffered major losses from leveraged ETFs, and this situation looks similar.Park Sang hyun, a researcher at iM Securities, noted that the funds raised through the bonds is expected to go toward paying off debts at X (formerly Twitter) and xAI, both of which SpaceX took over, as well as funding AI projects. "The fact that even SpaceX is borrowing this heavily has fueled worries about debt risks building up across the entire AI industry," he said.▶원문 기사: “3조원 쏟아부었는데 -30%”…서학개미의 블랙홀된 스페이스X (이코노미스트, 2026. 6. 25) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.07.01 09:27

4분 소요
Samsung Electronics and SK Hynix Lose ₩514 Trillion in a Single Day, Biggest Sell-off Since the Global Financial Crisis: Why?

산업 일반

Samsung Electronics and SK Hynix, the two stocks that had led the KOSPI rally, plunged more than 12% each, showing the Korean stock market the biggest shock since the global financial crisis. The combined market capitalization of the two semiconductor giants shrank by more than 500 trillion won in a single day, while the KOSPI recorded its unprecedented largest-ever point decline on a closing basis, falling to 8,200 points.According to the Korea Exchange on June 24, SK Hynix fell 12.47% from the previous session to 2,555,000 won, while Samsung Electronics fell 12.31% to 310,000 won. The decline marked SK Hynix's steepest drop since December 2008, about 17 years and six months ago, and Samsung Electronics' biggest fall since October 2008, roughly 17 years and eight months ago.The loss in market value was also enormous. When closing, SK Hynix's market capitalization stood at 1,821 trillion won and Samsung Electronics' at 1,812 trillion won. Compared with the previous combined market value of 4,147 trillion won, roughly 514 trillion won was wiped out in a single trading session. Including Samsung Electronics preferred shares, the total decline reached 531 trillion won.Analysts said the sell-off was driven not by a single negative factor but by a combination of concerns. Investor caution intensified ahead of earnings from U.S. memory-chip maker Micron Technology, whose shares at one point fell more than 4% in after-hours trading, fueling anxiety across the semiconductor sector.At the same time, Bank of America raised the possibility of three interest-rate increases within the year, while investors also anticipated the release of the U.S. Personal Consumption Expenditures (PCE) inflation data. Domestically, political discussions over the potential taxation of unrealized gains added to the market uncertainty.Heavy selling by both foreign and institutional investors aggravated the losses. Foreign investors sold a total of 4.17 trillion won, while institutions sold a total of 4.55 trillion won, bringing total net selling to more than 8.7 trillion won. Retail investors, by contrast, bought a net 8.59 trillion won, but their purchases were not enough to prevent the decline.The KOSPI declined 910.71 points (9.99%), finishing at 8,203.84 compared to the previous day, erasing the record-high 9,114 level reached just a day earlier. Market participants claim that the correction appeared to be driven more by profit-taking after a sharp rally, concentrated demand for semiconductor shares, and caution ahead of major events than by a deterioration in semiconductor industry fundamentals.▶원문 기사 : 삼전닉스, 하루 만에 514조원 '훨훨'…금융위기 이후 최대, 왜? (이코노미스트, 2026. 6. 24) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.07.01 09:24

3분 소요
Samsung Electronics Stock, Set to Rise Again… 90 Trillion Won Share Buyback Plan to Take Shape Next Month

산업 일반

Samsung Electronics is reportedly planning to purchase KRW 90 trillion worth of treasury shares over the next three years to implement the agreement on special management performance bonuses with its labor union and the Performance Share Unit (PSU) program. This is more than three times the total amount of treasury shares purchased by Samsung Electronics over the past ten years (KRW 30.7 trillion) and is expected to be a major positive factor for the stock market as its main semiconductor (DS) division enters a supercycle.According to the financial investment and electronics industries on the 24th, Samsung Electronics is expected to announce an additional treasury share purchase plan soon to provide special management performance bonuses for the DS division under the recent labor-management agreement and to secure shares for the PSU program introduced for all employees in October last year.Samsung Electronics' operating profit this year, estimated by the securities market (based on KB Securities)is expected to reach KRW 375 trillion this year and KRW 548 trillion next year. The combined operating profit for the three years until 2028, when the semiconductor boom is expected to continue, is estimated at about KRW 1,471 trillion. Since labor and management agreed to use 10.5% of operating profit as the source of performance bonuses, the total amount of bonuses to be paid over the three years is expected to reach KRW 154 trillion. After withholding about 40% for taxes, the actual amount to be paid to employees in the form of shares is estimated to be about KRW 93 trillion.In addition, the amount required for the PSU program, which was introduced in October last year to strengthen responsible management, has increased significantly because of the sharp rise in the stock price. As the stock price, which was around KRW 80,000 to KRW 90,000 when the program was introduced, has risen about 3.5 times to around KRW 310,000. The maximum payment multiple (200%) will be applied if the current stock price is maintained until the evaluation base date of October 2028. As a result, about 70.58 million shares, worth KRW 22 trillion, will need to be distributed to 128,000 employees.As a result, Samsung Electronics will need nearly KRW 115 trillion worth of treasury shares to provide the special management performance bonuses and implement the PSU program. Even if the company uses all of its current treasury shares (82.09 million shares worth about KRW 25 trillion), it will still need to purchase at least KRW 89 trillion worth of additional shares from the market. This is equal to about 290 million shares, or 5% of the total number of outstanding common shares.The market expects that this large-scale treasury share purchase will strongly support the stock price. In the past, Samsung Electronics' stock price increased every time the company carried out a large-scale treasury share purchase for shareholder returns. After announcing a KRW 9.3 trillion treasury share purchase in January 2017, the stock price rose 50.3% to KRW 57,000 in November, and the stock price soared 68.1% until the end of September 2025, when the purchase was worth KRW 10 trillion in November 2024.In particular, the special management performance-based treasury stock to be paid this time can be sold immediately by only one-third, and the remaining two-thirds are subject to the condition of "lock-up", restricting trading for one and two years, respectively. It is expected that the large-scale demand for treasury shares will continue to support the stock market, while the distributed shares will remain locked up for a considerable period, reducing the number of shares available for trading and maximizing upward pressure on the stock price.▶원문 기사: 삼전 주가, 또 오르나…내달 90조원 자사주 매입 '윤곽' (이코노미스트, 2026. 6. 24) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.07.01 09:11

4분 소요
BOK: “Even if dollars are earned through overseas investment, the exchange rate rises when local reinvestment increases.”

산업 일반

An analysis showed that even if domestic residents earn dollars through overseas investment, the exchange rate may rise if the proportion of reinvesting those earnings overseas without bringing them back into Korea increases.The Bank of Korea stated in its report released on the 18th, “BOK Issue Note: The Impact of Overseas Investment and Investment Income on the Exchange Rate.” The report explained that “due to the accumulation of net foreign financial assets, Korea’s overseas investment income surplus is highly likely to expand in the future,” while adding that “the surplus trend may not function only as a structural factor that lowers the exchange rate.” Shin Sang-ho, a manager of the Capital Flow Analysis Team at the Bank of Korea’s International Department and the author of the report, said, “A large trade surplus is expected due to the recent semiconductor boom and other factors, and as overseas financial assets increase, overseas investment and investment income are likely to grow further in the future.” However, he added that “because overseas investment income can be reinvested locally, an increase in investment income does not necessarily mean an immediate expansion of foreign currency inflows into Korea’s foreign exchange market.”Usually, when companies earn money overseas and bring it back into Korea, the foreign exchange supply increases, causing the exchange rate to decrease. However, recently, there have been continuous evaluations that companies and investors reinvest the money earned overseas locally or hold it in the form of dollars, which limits the effect on domestic foreign exchange supply. The report stated that, according to the analysis results, when overseas investment increased by approximately 3% above the average, the exchange rate fluctuation rate increased by about 0.7% points, while an 8% increase in investment income resulted in a 0.4% point decrease. Yet, even if investment income increased, a 1% point increase in the reinvestment ratio restricted the foreign exchange supply effect, creating a 0.4% point upward pressure on the exchange rate.The proportion of local reinvestment among Korea’s foreign direct investment income receipts remained high at around 50% after the 2010s, but it sharply decreased after the government introduced tax benefits in 2023 for companies that distributed profits earned from overseas subsidiaries back to Korea. The average reinvestment ratio from 2024 to 2025 was around 25%.Manager Shin stated that “if overseas investment continues to expand due to future aging and slowing domestic productivity, the proportion of income retained or reinvested overseas may also increase, limiting the amount of funds flowing back into Korea’s foreign exchange market.” He added that “it is necessary to improve the foreign exchange supply and monitoring system by focusing on how much of the increasing investment income from overseas investment expansion actually flows back into Korea’s foreign exchange supply.”▶원문 기사: 한은 "해외투자로 달러 벌어도 현지 재투자 늘면 환율 상승" (이코노미스트, 2026. 6. 18) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.06.23 10:25

3분 소요
South Korea’s first-quarter economic growth rate was 1.8%... Gross National Income (GNI) rose by 9.2%

산업 일반

South Korea’s economy experienced a growth of 1.8% in the first quarter of this year. In its report titled ‘First Quarter National Income (Preliminary Estimate),’ the Bank of Korea announced on the 9th that South Korea’s real Gross Domestic Product (GDP) increased by 1.8%, which is a 3.8% increase compared to the same quarter last year. Real Gross National Income (GNI), which measures the total income earned by a country’s residents both domestically and abroad, increased by 9.2%. Last year, South Korea’s Gross National Income (GNI) per capita was USD 36,963.Real GDP for the first quarter was revised upward by 0.1 percentage points from the preliminary estimate released in April. As a result of using newly available data for March that were not included in the preliminary estimate, figures for facility investment (+1.8 percentage points) and private consumption (+0.1 percentage points), among others, were reflected. Hwa-yong Kim, Director of the National Income Division, stated, “An upward revision of 0.1 percentage points in the first-quarter real GDP has the effect of increasing the annual economic growth rate by 0.1 percentage points when viewed over the entire year,” adding, “We expect to reassess the outlook in August under changed conditions.”By economic activity, manufacturing increased by 3.9% compared to the previous quarter, driven by computers, electronics, and optical equipment. The construction industry expanded by 2.2%, supported by increases in both building construction and civil engineering projects. The service industry grew by 0.6%, driven by wholesale and retail trade, accommodation and food services, and finance and insurance.On the expenditure side, exports increased by 5.9%, driven by IT products such as semiconductors, while imports rose by 3.9% due to the increased share of machinery, equipment, and automobiles. Private consumption grew by 0.6%, as spending on both goods (such as clothing) and services (such as financial services) increased. In contrast, government consumption decreased by 0.4% as spending on National Health Insurance benefits declined.A noteworthy point is real Gross National Income (GNI). In the first quarter, it increased by 9.2% compared to the previous quarter. Compared to the same period last year, it increased by 13.2%. Real GNI represents the amount of income that residents actually receive after accounting for changes in prices. Nominal GNI rose by 11.0% quarter-on-quarter and by 17.1% compared to the same period last year. GNI per capita was estimated at USD 36,963, equivalent to approximately KRW 52.57 million. This is an increase of USD 108 from the USD 36,855 figure released in March.Director Kim stated, “If the current high growth rate of nominal GDP continues, we expect GNI per capita to approach the USD 40,000 level this year.”▶원문 기사: 韓 1분기 경제성장률 1.8%…국민총소득은 9.2%↑ (이코노미스트, 2026. 6. 9) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.06.23 10:21

3분 소요
'Iranian War' End in 106 days…Trump "Toll-free Strait of Hormuz"

산업 일반

The US president Donald Trump has declared a successful negotiation regarding the Iranian War. The reopening of the Strait of Hormuz that has paralyzed global energy production in February will highly impact the worldwide financial markets and international oil prices. On the afternoon of June 14 in the U.S. Eastern Time, President Trump announced that “The agreement with the Islamic Republic of Iran has almost finished, as well as allowing a toll-free Strait of Hormuz.”, adding “To all shippings, start engines, make the oil flow.” As a result, the Iran war that started due to the joint attack from the US and Israel has finally ended after 106 days. The Iran Ministry of Foreign Affairs also confirmed the immediate and permanent end of military operation. Both nations will be holding the official MOU signing ceremony in Switzerland on June 19. President Trump has stated, “In addition to the agreement on Friday, after the elimination of mines, the Strait of Hormuz will completely open.”, alluding to the re-open of the smooth oil transportation from both sides. The main basis of this agreement is to extend the truce that has happened in April for 60 days and to halt the further attack, arranging another agreement of Iran’s denuclearization. Even though Israel's attack on Beirut heightened the risk of failure, the criticism of Netanyahu, Israeli Prime Minister and the strong urge by President Trump enabled the agreement. However, the media strongly criticized Iran’s nuclear program and the US lifted sanctions on Iran. The re-open of the Strait of Hormuz may lead to a decline in international oil price and macro risk mitigation, demolishing global oil production apprehension. The securities industry expects investment sentiment that has been weakened due to geopolitical risk to recover, as well as paying extra attention to the further impact of oil price decline on CPI and FOMC. ▶원문 기사: '이란 전쟁' 106일 만에 마침표…트럼프 "호르무즈 해협 무료 통행" (이노코노미스트, 2026. 6. 15) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.06.23 10:18

3분 소요
Hyundai Motor and NVIDIA Launch the "Saemangeum AI Valley" Initiative

산업 일반

The words “Saemangeum AI Valley” came directly from the mouth of Jensen Huang, CEO of NVIDIA. The remark is being interpreted as suggesting that just as California is home to Silicon Valley, South Korea could develop an AI Valley centered around Saemangeum.On the 8th, Huang visited Hyundai Motor Group’s headquarters in Yangjae, Seocho District, Seoul, where he met with Chung Euisun, Executive Chair of Hyundai Motor Group. After the meeting, the two spoke with reporters and revealed that they had discussed topics including autonomous driving, robotics, future manufacturing systems, and the Saemangeum AI Valley project.The most eye-catching remark was about Saemangeum. Huang stated, “California has Silicon Valley,” and added, “Here, in Saemangeum, we are inventing AI Valley.” He went on to say, “AI will be a very important technology for this region,” explicitly mentioning Saemangeum by name. According to Hyundai Motor Group, this was the first time Jensen Huang had used the term “Saemangeum AI Valley” while referencing Silicon Valley in the United States.Huang explained that Executive Chair Chung Euisun had proposed building NVIDIA-related infrastructure in Saemangeum. He added, “I told him I would be happy to help build NVIDIA in Saemangeum.” The remark is considered significant because it positioned Saemangeum as a potential hub for AI infrastructure and robotics collaboration.Chairman Chung also elaborated on the Saemangeum vision himself. He stated, “We are already making substantial investments in Saemangeum, and more investment will continue in the future.” He added, “I explained the Saemangeum project, which incorporates AI and robotics.”Chung went on to say, “We had extensive discussions about creating more advanced AI systems, robotics technologies, and data centers.”Huang said, “We discussed how to expand mobility and autonomous mobility, and how to make transportation safer.” Robotics was also a major topic of discussion. He added, “We talked about how we can collaborate more deeply to accelerate robotics for real-world industrial applications.”He noted that while robotics is still in the stages of basic and applied research, commercialization is rapidly approaching. The two sides also discussed ways to apply Hyundai Motor Group’s robotics platforms more broadly and integrate them more deeply into manufacturing operations.Huang continued, “We talked about how AI can be used in mobility and robotics, but we also discussed the factories themselves—how AI can be integrated into future manufacturing systems.” In other words, the discussion went beyond simply embedding AI in vehicles; it extended to transforming the factories that build vehicles and robots through AI-driven technologies.He also emphasized the need for South Korea to expand its AI infrastructure. “South Korea is now one of the world's leading countries in AI,” Huang said. However, he added that “Korea’s current AI infrastructure is still very small, even for supporting AI researchers, university researchers, startups, and major corporations such as Hyundai Motor Group.” He concluded, “Korea will need large-scale AI factories.”The “AI factories” Huang referred to are closely tied to data centers. He explained, “Just as cars are produced in factories, AI must also be produced in factories. Humans need cloud data centers, and robots need AI factories.”The relationship between the two companies also appears to be growing both broader and deeper. Huang remarked, “Chairman Chung and I are very good friends and dear friends. Our two companies have been building an increasingly strong partnership over the years.” He continued, “This collaboration began with autonomous vehicles, and our mobility partnership is expanding. Today it's autonomous vehicles; tomorrow it will be robotaxis and every kind of autonomous mobility.”Chairman Chung likewise described NVIDIA as “an indispensable and critically important partner.” He stated, “If we want to find ways to help people more effectively, NVIDIA is ultimately indispensable. We already have many projects underway together, and we intend to strengthen those efforts even further.”▶원문 기사: 현대차·엔비디아, ‘새만금 AI 밸리’ 띄운다 (이코노미스트, 2026. 6. 8) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.06.17 09:18

4분 소요
Smart Building that Robots Roam Around, Law And Advisors Construction Legal Advice

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As autonomous driving based delivery·patrol robots introduction is expanding centered in smart building and new apartment complex, the need for legal review in designing and building stage is increasing.As autonomous driving robots that were being operated only in experiment room or demonstration zone expand to everyday places such as company building, homes, and complex facility, there have been new legal issues in construction and real estate development area as well.Especially, when the robot’s transportation route and infra are not considered enough in building permitting process, there is a worry that in process of introducing the technology after the compilation, it willc result in additional cost or licensing dispute.Current building law and Elevator Management Safety Act is fundamentally set to prioritize people’s usage and safety. Following that, in the process the autonomous robot calls the elevator and gets on it, there isn’t an accurate safety standard or autonomous driving permission procedure.Horizontal movement inside the building is also selected as the issue. Door threshold removal, slope degree, and corridor width and others are usually checked based on standards of people who are disadvantaged in transportation, according to the law. However, there is a limitation in applying the robot’s sensor ability and driving trait in detale.If there will be a need to change the structure after the completion because these criterias weren’t considered well in building process, there is a possibility that it will lead to recheck for the building structure safety, reconstruction fee, and conflict between tenant and stakeholders.In a time when real estate project financing market Credit Crunch and construction fee is rising, developer, construction company, and real estate developers are finding solution to increase the business feasibility through differentiated smart building. In this process, there is also an opinion that we should manage robot-friendly place construction and related license risk in all, from first-hand development planning process.As automation technology and construction spaces’ combination takes off, in legal community, smart building and robot infra construction related advisory demand is being more detailed. This is because going over post-dipute resolution, legal relationship management and risk blocking related to first-hand construction checking process to robot operation is being considered more important.Law And Advisors attorney Kim Seong-ho said “robox friendly building construction doesn’t merely finish from simply getting building permit” and “it is a combined field where we need to all consider robot company·telecommunications company, internal privacy protection measures, and risk-management standard the real estate PF lender”.Continuing on that, Kim attorney said “It is the time to check lacking law when technology combines with infrastructures in advance, based on professionalism that were built from past traditional construction dispution” and “Through the solution of looking at construction, economic, and skill regulation components from first step of development, we will build future asset value stablely”.Going over simple revolutionary facilities implimentation, as companies are developing combined model with building construction, operation system, privacy protection, resident safety, and financial risk, it is seen that there will be more examples of doing legal counsel at the same time from beginning of development .▶원문 기사: 로봇이 누비는 스마트 빌딩, 법무법인 로앤에이가 짚어본 설계 단계 법률 자문 (이코노미스트, 2026.6.9) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.06.17 09:13

4분 소요
Eli Lilly’s “Earnings Surprise”: Obesity Treatment Surpasses Cancer Drug

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American pharmaceutical company Eli Lilly and Company recorded an “earnings surprise” due to a sharp increase in demand for obesity treatments. Especially as its flagship obesity and diabetes treatments surpassed the world’s top-selling cancer drug, there are assessments that the center of the pharmaceutical market is rapidly shifting. Eli Lily stated that its earnings per share (EPS) for the first quarter of this year were 8.26 dollars (12,187.3 won), an increase of 170% compared to the same period last year on the 30th (local time). The core driving force was obesity and diabetes treatments, such as tirzepatide. Sales of the diabetes treatment Mounjaro surged 125% year on year to $8.66 billion (12.77783 trillion won), while sales of the obesity treatment Zepbound also increased 80% to $4.16 billion (6.13808 trillion won). Combined sales of the two products exceeded $12.8 billion (18.8864 trillion won), growing by more than double compared to the previous year. Especially, it showed a meaningful change on a single product basis. Sales of Mounjaro reached $8.6 billion (12.6893 trillion won), surpassing the world's top-selling cancer drug, Keytruda, which recorded $8.0 billion in sales. In the industry, this is being interpreted as a signal that cracks are forming in the blockbuster model centered on cancer drugs.The gap in growth rates is also clear. While Mounjaro and Zepbound continued high growth, increasing by 125% and 80%, respectively , Keytua remained at a growth rate in the 10% range. In the industry, it paid attention to the fact that obesity and metabolic disease treatments have a structurally more advantaged market compared to cancer drugs. This is because the patient population is much larger and the diseases are chronic conditions that allow long-term administration. CEO of Eli Lilly, David Ricks, expressed confidence in sustained growth, saying, “The new drug will significantly expand the range of patients who can benefit from GLP-1 (glucagon-like peptide-1) treatment.” The obesity treatment market is entering a new phase. Until now, the market had a structure centered on injectable treatments led by Novo Nordisk’s Wegovy and Eli Lily’s Zepbound. However, recently, as both companies have successively launched oral treatments, the competitive landscape is expanding. Novo Nordisk first introduced a pill-form Wegovy, and Eli Lily also launched the oral treatment Orforglipron, in response. In the industry, there are views that “as the market expands from injectable treatments to oral treatments, demand for obesity treatments will become even more explosive.” ▶원문 기사:일라이릴리 ‘어닝 서프라이즈’…비만치료제, 항암제 제쳤다 (이코노미스트 2026. 5. 1) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.06.17 09:06

3분 소요
“Rewriting Apgujeong Landmark”…Renaissance of Galleria as Glass Sculpture, ‘Sandglass’

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Apgujeong and Cheongdam, which are core commercial areas in Gangnam District Seoul, are getting noticed again. Apgujeong Galleria Department Store will be transformed based on a design by a world-renowned architectural designer as well as Cheongdam Hotel Prima site being reconstructed as a high-end mixed-use development project. On May 13th, the Seoul Metropolitan Government announced that they have approved Hanwha Galleria’s redevelopment project as well as improvement of the station 's influence area in Apgujeong. The Galleria Department Store located near Apgujeongrodeo Station is divided into East and West buildings by Seolleung-ro. By this project, the existing structure will be replaced with an eight-story new building that has a sanglass shaped glass façade. The blueprint was conducted by the worldwide famous designer Thomas Heatherwick. Based on a symmetrical structure that balances East and West buildings, the design focuses on connecting interior and exterior spaces organically.Specifically, the integrated underground plaza, mid-level garden, and sky garden will be transformed into not just commercial facilities but Public Complex Cultural Spaces. Furthermore, the design will reinforce environmentally friendly aspects as they include solar, fuel, and hydrothermal energy as well as renewable energy system and double skin technique. The Seoul Metropolitan Government is hoping to see effective uses of mitigating Urban Heat Island effect (UHI) and a more sustainable environment. The Prima Hotel site development is also getting underway. In the 52-3, Cheongdam-dong in Gangnam-gu, there will be a mixed-use complex that ranges from the 8th basement floor to the 38th floor above ground. According to a modification, the building will have 75 hotel rooms, 29 apartment complexes, and 20 officetels. The Seoul Metropolitan Government aims to strengthen the Cheongdam area with tourism, and residential and commercial functions.The Seoul City official said that “This project is the representative example that both combines design innovation and tourism and cultural functions”. He also said, “will continue to strengthen Seoul’s global competitiveness.”. ▶원문 기사: “압구정 랜드마크 다시 쓴다”…갤러리아, ‘모래시계’ 유리 건축물로 재탄생 (이코노미스트, 2026. 5.13) ◆이코노미스트가 글로벌 차세대 경제 리더, 청소년 기자단 영 저널리스트와 함께합니다. 영 저널리스트 기자단은 프리미엄 경제지 이코노미스트, 논술 전문 기관 Ni 에듀케이션과 함께 주요 시사 이슈를 팔로우업하고 직접 기획, 취재, 기사 작성 활동을 하며 사회적 문제를 고심하고 해결 방안을 제시하는 과정을 경험하게 됩니다. 이번 기사는 영 저널리스트 기자단이 이코노미스트 기사를 영문으로 번역하며 이슈를 팔로우업한 기사입니다. 차세대 글로벌 경제 리더, <영 저널리스트 with 이코노미스트> 영문 기사는 매주 연재됩니다.

2026.05.26 10:49

3분 소요