## Major News Summary (January 22, 2025) **Economy:** KOSPI closed nearly flat on President Trump's first day in office (2,518.03). During the Lunar New Year holiday period, the government has prepared measures for safe and smooth travel as domestic and international mobility is expected to reach 34.84 million people. Exports through mid-month declined 5.1% compared to the same period last year due to reduced operating days. **Society:** Average gasoline prices in Seoul surpassed the 1,800 won range amid high exchange rates and rising international oil prices. Financial authorities eased bancassurance regulations, allowing banks to expand insurance sales. Auto insurance premiums are expected to decrease by an average of 0.4-1.0% this year. **International:** President Trump referred to North Korea as a "nuclear-armed state" on his first day in office, sparking controversy. Trump also announced executive orders to withdraw from the WHO and the Paris Climate Agreement. **Other:** The process for eliminating zombie companies will be shortened and listing maintenance requirements will be strengthened.
