Economy
- Hyundai Motor Group and Oxford University: Hyundai Motor Group is establishing a research center with Oxford University to develop a long-term vision.
- KOSPI Surge: KOSPI surpassed the 2870 mark, leading to rosy forecasts from securities firms, but distrust among individual investors persists.
- Hana Securities: Hana Securities lowered the target price for Kakao from 72,000 KRW to 60,000 KRW due to the poor performance of its subsidiaries.
- Hanmi Pharmaceutical: Hana Securities maintains a ‘buy’ rating for Hanmi Pharmaceutical with a target price of 400,000 KRW.
Society
- Hyundai Motor Labor Agreement: Hyundai Motor and its labor union have tentatively agreed on a wage increase, marking the potential for six consecutive years of dispute-free negotiations.
- Samsung Electronics Strike Concerns: Samsung Electronics workers have announced a strike, raising concerns about disruptions in semiconductor production.
- KFTC’s Sanctions on Google: The Korea Fair Trade Commission (KFTC) has initiated sanctions against Google for bundling YouTube Music with YouTube Premium subscriptions.
Sports
- Hong Myung-bo Appointed Coach: Hong Myung-bo has been appointed as the head coach of the South Korean national soccer team, surprising Park Joo-ho.
- Mixed Closing for NYSE: The New York Stock Exchange closed mixed, with the Dow Jones Industrial Average falling 0.08%.
- Raul Mondesi Sentenced: Former baseball player Raul Mondesi was sentenced to 6 years and 9 months in prison and fined $507,000 for corruption.
Real Estate
- Rise in Metropolitan Apartment Prices: In the first week of July, metropolitan apartment prices recorded the highest increase of the year, with over 170,000 applications for housing subscriptions.
- Increase in Seoul Apartment Transactions: Seoul apartment transactions have increased for five consecutive months, with a significant rise in purchases by people in their 40s.
Politics
- Yoon Suk-yeol Impeachment Hearing: The National Assembly’s Legislation and Judiciary Committee has adopted a plan to hold a hearing on the petition for the impeachment of President Yoon Suk-yeol.
- President Yoon’s Visit to the US: President Yoon Suk-yeol has begun his trip to attend the NATO summit.
Lifestyle
- Surge in Direct-Fire Meal Kit Sales: Sales of direct-fire meal kits have increased by 80% due to the growing popularity of “camping + picnic” (camping + picnic).
- Dubai Chocolate Trend: Dubai chocolate has become a hot topic on online communities.
International
- Flowers in Chilean Desert: Flowers have been observed in the Chilean desert, one of the driest places on Earth, during winter.
- Airbnb Ban in Barcelona: Airbnb rentals will be banned in Barcelona until 2028.
- Taxi Shortage in Rome: Rome is addressing its 18-year taxi shortage by adding 1,000 more taxis.
- Chinese Airplane Incident: In China, a woman mistook an airplane emergency exit for a bathroom and opened it, causing the flight to be canceled.