"Neglected Preferred Shares"... Price Gap with Common Shares Hits Record High [1-Minute Brief]

[At a Glance]
①[Market] Preferred shares: 42% discount rate, extreme price gap with common shares
②[Commodities] Japan goes all out to make its "hydrogen ecosystem a reality" in four years
③[Defense] North Korea developing submarine-launched ballistic missiles, including Pukguksong-4S

MARKET INDEX : Year to date

TOP 3 NEWS

■ Preferred shares see their gap with common shares widen sharply

○Discount rate of 42%; nearly 27 preferred shares have lost half their value
○No voting rights, and less dividend benefit than common shares
○Listed companies' focus on buying back and canceling common shares is also a factor

■ "Japan's hydrogen ecosystem will become reality in four years... Government and businesses are firmly committed"

○Japan is using subsidies to build the lifelines of a public-private hydrogen ecosystem
○Operating a 2 trillion yen "Green Innovation" fund
○ Interview with NEDO President Naohiko Yokoshima

■ Military authorities assess that North Korea has completed development of three SLBM types

○IRBM-class missiles, including Pukguksong-4S and Pukguksong-5S, are still under development
○The nuclear unmanned underwater attack vehicle Haeil is assessed to be in an intermediate stage of development
○This is the first time North Korea has acknowledged the development internally

The Law That Pays

■ 10 billion won budget to add four Supreme Court justices

○About 10 billion won allocated in the 2027 budget proposal
○Office space to be prepared for Supreme Court justices scheduled to be added in 2028
○2.2 billion won for new chambers, with the rest for relocation costs and other expenses 
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026110914214306934

■ A wave of constitutional reviews of "restrictions on youth social media use"

○Following France, Australia's Federal Court is also reviewing the issue
○Whether the restrictions infringe on freedom of communication is at the center of the dispute
○South Korea is also considering regulations based on age groups
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026110914234261427

■ "Reusing the original expression of articles with AI... If it keeps readers from reading them, it infringes on rights"

○EU Advocate General: "It could constitute copyright infringement"
○First precedent on generative AI and copyright law emerges
○Could become the EU standard in similar disputes going forward
☞Read the article:  https://www.asiae.co.kr/article/2026110914262619865

※ "The Law That Pays," a content partnership feature by The Asia Business Daily and The Legal Times, appears every Tuesday and Thursday.

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This content was produced with the assistance of AI translation services.