Trump Will Abolish 'Electric Vehicle Subsidies'Tesla CEO Elon Musk What Are You Doing?

[News FM Lee Ik-seon Choi Soo-young Issue & People]
□ Broadcast Date: November 15, 2024 (Fri)
□ Host: Lee Ik-seon, Choi Soo-young
□ Cast: Announcer Lee Hyun-woong

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information.
◇ Lee Ik-seon: Let's open the second part with Aung Da-woong News. Announcer Lee Hyunwoong, who will be with us today as well, is here. Hello~

◆ Hello!

◇ Profit line: The first news is the economy. There was a lot of concern about Samsung Electronics' 40,000 won yesterday, but it seems that it is rebounding rapidly today?

◆ [Lee Hyun-woong] That's right. Yesterday, Samsung Electronics seemed to be rebounding. But I didn't last the last 10 minutes. It ended up being 49,900 won. The stock price fell to 40,000 won in four years and five months, which shocked shareholders as well as investors who did not own Samsung Electronics.

A lot of attention was paid to how to close the last Friday of the week. So far, stock prices have risen and are recovering to the 50,000 won level.

It remains to be seen how much Samsung Electronics will close today and whether foreign investors who have been selling virtually since September will put Samsung Electronics back in.

◇ Choi Soo-young: Samsung Electronics is rebounding sharply, but both the KOSPI and KOSDAQ on our stock market are still weak?

◆ Lee Hyun-woong: Yes. Even experts are sticking their tongue out as they see the domestic stock market continuously falling. Weakness continues today.

In particular, the KOSPI collapsed to the 2,400-point level this morning. It fell to the 2,390 level and then reduced its fall on the back of Samsung Electronics' rebound. Currently, it is rising slightly.

Meanwhile, KOSDAQ is down -1.96%, -2.51%, -2.94%, and -1.17% this week. Today, the 670-point line collapsed for the first time in 22 months during the day, losing 10% this week alone. Currently, it has eliminated the fall and is rising slightly.

◇ Profit line: You were also worried about the exchange rate that recently rose to the 1,400 won range, right? How is the exchange rate moving?

◆ Lee Hyun-woong: It is still moving with a slight fluctuation over 1,400 won. There were some news that could affect the exchange rate.

First, U.S. Federal Reserve Chairman Jerome Powell made remarks suggesting a pace adjustment to a rate cut. If interest rate cuts are delayed, the dollar's strength could be a little longer.

In addition, Korea was re-designated as a country subject to exchange rate observation. The impact is limited because the current weak won is not intentionally lowered by the Korean financial authorities and is not designated as a "currency manipulator" subject to direct sanctions.

◇ Choi Soo-young: Next is economic news, and is there a report that Trump's transition team is planning to abolish subsidies for electric vehicles?

◆ [Lee Hyun-woong] That's right. Foreign media reported that Trump's second energy policy team is discussing the abolition of tax credits for electric vehicles.

Currently, the Biden administration is offering benefits such as tax credits and subsidies by 2032, with the aim of easing inflation and stabilizing the economy through addressing climate change.

Since Trump has criticized such policies as a "new green fraud," many predicted that benefits would be reduced or abolished if they were actually elected.

In addition, financial resources are needed to implement tax cuts in the future, and it is analyzed to save the budget for this.

Of course, this news has no choice but to shock companies that produce electric vehicles and batteries. Another winner of the U.S. presidential election, Tesla, led by CEO Elon Musk, also failed to escape the impact. Tesla shares are down 5.77% Shares of another EV maker, Rivian, fell sharply by 14.3%.

In fact, if tax credits or subsidies disappear, Korean companies will inevitably have an impact. Hyundai Motor and other domestic automakers and battery makers are already investing trillions in the U.S. to receive these benefits. Secondary battery-related stocks are plunging today amid analysis that profitability could deteriorate.

◇ Lee Ik-sun: Last September, an article on the Internet saying, "I will wield a weapon against citizens at Yatap Station," made citizens nervous, but the author was caught?

◆ [Lee Hyun-woong] It was September 18th. On an online anonymous community bulletin board, 'I will stage a stabbing rampage at Yatap Station.There's a comment saying, "I'm sorry." This article spread quickly on social media, and citizens who use Yatap Station or pass by nearby stations were anxious. At that time, the police also deployed police commandos and armored vehicles in case of emergencies.

Over time, the number of mobilization personnel decreased, but strengthened patrols were still being carried out in preparation for possible situations.

The cyber investigation department of the Gyeonggi Southern Police Agency said today that it has arrested a man in his 20s who wrote this post. It turned out that this man was the management of the site where the article was posted.One operator and three managers, including the author of

, have been arrested or booked. In September, when they were investigated as reference witnesses during the police investigation, they showed shamelessness to refuse cooperation, saying, "We do not have information about the writer either."

The reason for posting was to promote the site. At the time of the controversy, the site also announced that it was a "community that guarantees complete anonymity where even the operator cannot identify the author."

So far, no profits have been collected through the site. However, criticism is growing as it has caused citizens anxiety and wasted public power.

◇ Choi Soo-young: Shall we talk about the college entrance exam that ended yesterday? What item related to CSAT is now very popular in the secondhand trading market, what is it?

◆ Lee Hyun-woong: There is a limited edition item that only examinees can receive every year. It's "Suneung Sharp." It is a writing tool distributed to test takers every year since 2006. The reason why the Ministry of Education distributes mechanical pencils is to prevent possible cheating. Individual writing equipment cannot be used during the actual SAT exam.

In addition, if the same mechanical pencil is distributed every year, cheating may occur, such as obtaining a similar mechanical pencil and attaching a small camera device, so no matter how much remains, there is no way to use it again the next year.

So it is being collected among some collectors. This year's mechanical pencil was made in 'clear jade'. It is said to be the prettiest thing ever released, and it is traded at a price of 10 to 20 times the cost in the used trading market.

◇ Lee Ik-seon: And there was also a controversial issue, right?

◆ Lee Hyun-woong: Yes. The fingerprint for solving 10 to 13 questions in the Korean language area was controversial. The word 'noise' was repeated 45 times in this fingerprint. There was even a case where it was mentioned five times in the sentence, "When learning the 'noise' predictor, the 'noise' made by the 'noise' generator corresponds to the correct answer, and the difference between this 'noise' and the predicted 'noise' becomes small."

So with the opinion that it was a bit difficult to read and understand, 'Apartment~ Apartment! There was also a review that I couldn't concentrate because of the so-called "No-Suneung Song" called "Apartment~Apartment!"

Experts analyzed that the problem itself was not difficult, but that it was likely to make mistakes and that it could have taken a long time.

There seems to be no other controversial problem error so far, and we will receive an objection by 6 p.m. on the 18th, next Monday, and disclose the final answer and the results of the review on the 26th. The report card will be distributed on the 6th of next month.

◇ Lee Ik-seon: We've looked at all the news prepared today.

◆ Lee Hyun-woong: Yes, thank you.