Korea Daily News (July 16, 2024)

Economy and Finance

  • SK Securities and Kakao: SK Securities has downgraded the target price of Kakao.
  • Samsung Securities and NAVER: Samsung Securities has downgraded the target price of NAVER.
  • Government Pressure on Household Loans: Government pressure on household loans has led KB, Hana, and Woori banks to raise additional interest rates. Meanwhile, falling market rates have made fixed-rate home loans the trend.
  • China Economic Growth Rate: China’s economic growth rate has fallen short of expectations, with retail sales hitting their lowest point.

 

Culture and Arts

  • Lee Choon-hwan Solo Exhibition: Korean painter Lee Choon-hwan is holding a solo exhibition themed around the light of Wando Sea.
  • Hyeon-cheol’s Passing: Popular trot singer Hyeon-cheol has passed away.
  • Pony Chung Young Leader Award: Go player Shin Jin-seo has received the Pony Chung Young Leader Award.

 

Technology and Industry

  • Cloud Security Company Acquisition Negotiation: Alphabet is in large-scale acquisition negotiations for a cloud security company.
  • LIG Nex1 Guided Rocket Success: LIG Nex1’s guided rocket ‘Bigung’ has passed the final US evaluation, paving the way for exports.

 

International

  • Japanese Foreign Exchange Market Intervention: The Japanese government intervened in the foreign exchange market, resulting in a stronger yen.
  • US Election-related Merchandise: The assassination attempt on former President Donald Trump has been commercialized into items like T-shirts and cards.
  • Trump Assassination Attempt Incident: Former President Donald Trump’s assassination attempt has sparked conspiracy theories, with comparisons made to the movie ‘Bob Roberts.’
  • Trump Election: The assassination attempt on former President Trump has impacted global stock markets, ushering in an election-driven market phase.