Korea Daily News (October 16, 2024)

ASML stock plunges after earnings report: ASML’s stock dropped by 16% after their earnings report, with Intel and other semiconductor companies expected to strengthen their collaboration in response.
Hybe issues 400 billion won convertible bonds: Hybe has issued 400 billion won worth of convertible bonds, with Mirae Asset Securities selected as the lead underwriter.
SK Securities lowers Kakao’s target price: SK Securities adjusted Kakao’s target price from 55,000 won to 50,000 won, citing the need for profitability strategies.
LG Energy Solution to supply 109GWh electric vehicle batteries to Ford: LG Energy Solution signed a large-scale contract to supply high-density, high-power pouch batteries to Ford for electric commercial vehicles.
Cosmax leads China’s cosmetics ODM market: Cosmax is leading the ODM market in China’s cosmetics sector, continuously launching new products and expanding its market share.
Seven-Eleven announces its first voluntary retirement in 36 years: Due to worsening performance, Seven-Eleven is offering its first voluntary retirement program in 36 years, signaling major restructuring.

Increase in single-person households aged 60 and over: The number of single-person households aged 60 and over is increasing, with 46% of all female single-person households in this age group.
Pay disparity among local government workers: There is a pay disparity of up to 15 million won among local government workers in metropolitan areas across Korea.
Pilot program for Filipino domestic workers under consideration: Seoul Mayor Oh Se-hoon announced that the city is considering various options for introducing Filipino domestic workers as part of a pilot program.
Changes resulting from the increase in single-person households: The rapid rise in middle-aged and senior single-person households is expected to bring various social changes.

Collaboration between ARM and x86 semiconductor companies strengthens: Intel and other x86-based semiconductor companies are strengthening their collaboration to counter the challenge posed by ARM.
Google signs power supply contract with a small nuclear power plant: Google has chosen nuclear power as a carbon-free energy source for its data centers, signing a supply contract with a small nuclear power plant.
Adobe unveils video generation AI: Adobe introduced an AI technology that automatically fills in missing video scenes, offering a new frontier for seamless video production.
SmileShark recognized for AWS expertise, expands cloud ecosystem: SmileShark strengthens its stable AWS cloud services for SMEs and game companies, expanding its cloud ecosystem.

Han Kang’s interview after winning the Nobel Prize in Literature: After winning the Nobel Prize in Literature, author Han Kang stated in an interview with Swedish media that she does not wish to be in the spotlight and needs time to reflect on the meaning of the award.
‘Turandot’ opera to be performed in Korea: The world-famous opera ‘Turandot,’ directed by Franco Zeffirelli’s son Pippo Zeffirelli, will be performed in Korea, delivering a powerful performance to the audience.
‘Culinary Class Wars’ season 2 confirmed: Netflix’s show ‘Culinary Class Wars’ has been confirmed for a second season, with the production team viewing it as an opportunity to showcase Korea’s culinary prowess to the world.
Han Kang’s translated works gain attention after Nobel Prize win: Following her Nobel Prize win, Han Kang’s translated works are gaining widespread attention, occupying the top six positions in the foreign literature sales rankings.

South Korea’s national football team wins against Iraq: With standout performances by Baek Joon-ho, who filled in for Son Heung-min and Hwang Hee-chan, South Korea secured two consecutive victories against Iraq in the World Cup qualifiers.
Marathon accident during Korea National Sports Festival in Gimhae: A runner in the Gimhae half marathon event of the Korea National Sports Festival was hit by a vehicle driven by a man in his 70s.
Baek Joon-ho emerges as South Korea’s next football star: Baek Joon-ho’s impressive performance, filling the gap left by Son Heung-min and Hwang Hee-chan, has elevated him as the next rising star of South Korea’s football team.
Kim Min-jae contributes to two consecutive wins in World Cup qualifiers: As interim captain, Kim Min-jae played a crucial role in South Korea’s two consecutive wins in the World Cup qualifiers.
Hong Myung-bo praises victory over Iraq: South Korea’s national football team coach Hong Myung-bo praised the win against Iraq, calling it the “most important match of the year.”

First blockchain-based low-carbon certification in Korea: A farm in Haenam, Jeollanam-do, became the first in Korea to receive a blockchain-based low-carbon certification for its livestock products.
Ford and LG Energy Solution’s large-scale battery contract: LG Energy Solution signed a large-scale contract to supply 109GWh of high-density batteries to Ford for electric vehicles.

Nexon releases new character in ‘The First Descendant’: Nexon introduced a new toxic damage-specialized character, ‘Ultimate Freyna,’ in its game ‘The First Descendant.’
‘Monster Hunter Now’ holds a massive offline event: Niantic held the ‘Monster Hunter Now Carnival 2024’ in Shibuya, where over 20,000 hunters participated in the large-scale offline event.
Netmarble to launch ‘Game of Thrones: King’s Road’: Netmarble plans to unveil its new open-world RPG ‘Game of Thrones: King’s Road’ at G-Star 2024, drawing attention from fans worldwide.

Jongkundang releases specialized nutrition supplement for cancer patients: Jongkundang has entered the health market with the release of a tailored nutritional supplement designed for cancer patients.
Weight loss drug Wegovy launched: The highly anticipated weight loss drug ‘Wegovy,’ known as the ‘dream obesity drug,’ has been officially launched in Korea, with a long waiting list for reservations.

Anne Hathaway rumored to be vice-presidential candidate for U.S. election: Hollywood actress Anne Hathaway is reportedly being considered as the Democratic Party’s vice-presidential candidate for the U.S. election, which is just three weeks away.
Trump suggests renegotiating defense cost-sharing: Former U.S. President Donald Trump indicated that he would seek to renegotiate the defense cost-sharing agreement with South Korea if he wins the election, calling the current arrangement “crazy.”
Israel denies rumors of targeting Iran’s oil facilities: Following a drop in international oil prices by 4%, Israel clarified that it did not target Iran’s oil facilities, addressing rumors circulating in the media.
Chilean gymnast apologizes after controversial performance: Chilean national gymnast Marimar Perez apologized after facing criticism for performing a routine on a sacred symbol at a Japanese shrine.

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