Korea Daily News (August 8, 2024)

Economy and Business

  • Kakao: Second-quarter platform revenue increased by 10% year-on-year. Mobility and Pay platform revenue grew by 18%, while Story platform revenue decreased by 7%.
  • Lotte Shopping/Shinsegae: Second-quarter poor performance led to a downward revision of target stock prices.
  • Pearl Abyss: Increased advertising expenses resulted in a second-quarter deficit. Black Desert is scheduled for release in China.
  • Celltrion: Target stock price raised due to the growth of follow-up products and strong sales in North America.
  • LG Uplus: Ongoing annual and quarterly poor performance is expected; target stock price maintained.
  • HYBE: Second-quarter poor performance led to a downward revision of target stock prices.
  • Yanolja Research: Vision and strategies for strengthening K-Travel competitiveness unveiled.

 

Finance and Investment

  • Jarvis & Villains: Signed an MOU with the nonprofit organization Hope Treaty and donated 10 million KRW.
  • Quantit: Expanded cooperation with Shinhan Investment Corporation Vietnam.
  • U.S. Treasury Bonds: Rising bond yields, dollar, and oil prices due to weak bidding.
  • KB Securities: Discussions on the abolition of the financial investment income tax.

 

Law and Policy

  • Female Lawyer Dismissal Case: The law firm lost both the first and second trials after dismissing a female lawyer returning from maternity leave.
  • Elderly Property Pensionization: Government officially promoting policies to convert real estate assets into pensions for elderly living stability.

 

International

  • U.S. Economy: Economic instability causing global financial market fluctuations.
  • Israel-Palestine Ceasefire Talks: Ongoing geopolitical crisis in the Middle East.
  • Thailand Maya Bay Access Ban: Temporary ban on tourist access to protect the environment.