Politics
- Kim Dae-gi, New Ambassador to China: President Yoon Suk-yeol appointed former Chief of Staff Kim Dae-gi as the new Ambassador to China. The nomination is awaiting agrément approval before the official appointment.
- Democratic Party’s Security Committee: The Democratic Party has established a National Security Inspection Committee, planning to request restraint in provocative remarks regarding inter-Korean relations.
- Moon Da-hye’s DUI Investigation: The police are investigating Moon Da-hye, daughter of former President Moon Jae-in, in relation to her DUI incident. They are coordinating her summons after interviewing the taxi driver involved in the accident.
Law
- Correction Request System: A legal procedure that allows taxpayers to request corrections from tax authorities when they have overpaid taxes due to errors in their filings or calculations.
- Police Officer Suspension: A court ruled that the suspension of a police officer, who assigned personal errands to subordinates and unjustly restricted their vacation, was justified.
- Bankruptcy Process Prepayment Eased: Companies with large debts but minimal assets can now more easily access bankruptcy procedures due to relaxed prepayment requirements.
Economy
- Hanwha Investment & Securities: The company is conducting a year-end event for customers who make net deposits into their pension and IRP accounts, recommending long-term investments in bonds and credit assets.
- SK Hynix Earnings Watch: Following Samsung Electronics’ earnings shock, attention is focused on SK Hynix’s Q3 performance, as investors and the industry await the company’s earnings announcement.
- Cheil Worldwide and Innocean Awards: At the 2024 London International Awards, Cheil Worldwide won 17 awards, including 4 golds, while Innocean took home 6 awards, marking significant achievements for both agencies.
- Hanwha Construction’s SMR Project: Hanwha Construction is collaborating with U.S. nuclear reactor firm Holtec to advance small modular reactor (SMR) projects in the UK, aiming to strengthen its presence in the UK nuclear market.
Real Estate
- DL E&C Ja-yang District 7 Redevelopment: DL E&C has been selected as the contractor for the redevelopment of the Ja-yang District 7 housing project in Seoul’s Gwangjin District, which will include 826 apartment units and welfare facilities.
- Hines Acquires Sangam-dong Hansem Headquarters: Global real estate investment firm Hines has acquired the Hansem headquarters in Sangam-dong, Mapo-gu, Seoul. The 22-story building is expected to become a key business hub.
- Cheongna Finance Center Tenant Recruitment: BS Industries is recruiting tenants for Cheongna Finance Center, a prime office building located in the international financial district of Incheon’s Cheongna International City.
Environment
- Hyundai Bio Land’s Endangered Plant Initiative: Hyundai Bio Land is planting five species of endangered wild plants at the Norubeol Red Cross Ecological Center in Daejeon to promote biodiversity conservation, with plans to use the plants for cosmetic ingredients.
Education
- Netflix VFX Academy: As part of the Ministry of Employment and Labor’s K-Digital Training program, Netflix is recruiting students for its VFX Academy, offering training in 2D and 3D VFX, as well as pipeline technical director (TD) roles.
Culture/Sports
- Lululemon Event: Global sportswear brand Lululemon held its “Together We Grow” event at COEX, Seoul, emphasizing health and well-being through its “100 Million Minutes of Movement” campaign.
- BMW X3 Pre-orders: BMW Korea has opened pre-orders for the 4th generation BMW X3, which is set for an official release at the end of the year, combining sportiness with luxury.
- G-Star 2024: Krafton’s subsidiary, Relu Games, will host the finals of the “Magical Girl Contest” at G-Star 2024. The influencer competition offers a total prize of 6 million KRW.
IT/Technology
- Samsung Biologics: Samsung Biologics has launched the S-HiCon platform for developing high-concentration formulations used in subcutaneous and ocular injections.
- Tree of Savior: Neverland: Kuka Games has launched the mobile game “Tree of Savior: Neverland,” featuring a whimsical fairytale aesthetic and new adventure content, attracting the attention of players.
- LG Electronics In-Cabin Sensing Technology: LG Electronics is developing advanced in-cabin sensing technology to prevent accidents caused by drunk driving and drowsiness. They are working with the Korea Expressway Corporation to implement the system in vehicles.