Korea Daily News (October 28, 2024)

Politics

  • Kim Yo-jong, North Korean Workers’ Party Vice Director: Expressed frustration over South Korea’s lack of response to the Pyongyang drone incident, describing it as a “hypothetical situation.”
  • Japanese House of Representatives election: The ruling Liberal Democratic Party and its coalition partner Komeito failed to secure a majority, signaling a potential shift in Japan’s political landscape.
  • U.S. Presidential Election: A close race between Democrat Kamala Harris and Republican Donald Trump is ongoing.
  • President Yoon Suk-yeol’s approval rating: Remains in the 20% range for the fifth consecutive week, according to recent polls.
  • Trump criticizes semiconductor law: Republican presidential candidate Donald Trump criticized the Biden administration’s semiconductor law, targeting subsidies given to foreign companies.
  • Korea-Japan relations experts: Despite Japan’s election results, experts advocate for continued efforts toward Korea-Japan 2.0 relations.

 

Economy/Finance

  • Delta Air Lines: Reported a $380 million loss due to 7,000 flight cancellations, with the CEO stating that customers deserve full compensation.
  • Clobot’s stock falls on debut: Clobot’s stock price dropped 14.69% on its first day of trading, falling below its initial public offering price.
  • Korea Zinc Chairman Choi Yoon-bum: Successfully defended management control by securing 11.26% of the company’s shares through a stock buyback.
  • Sangsangin Securities raises HD Hyundai Electric target price: Increased the target price from 440,000 KRW to 480,000 KRW after the company’s Q3 performance met market expectations.
  • Daishin Securities maintains Kia’s target price: Despite quality costs, Kia’s strong earnings resilience leads Daishin Securities to maintain a 160,000 KRW target price.
  • 50+ stock investors see a rise in debt-financed investments: Middle-aged investors’ debt-financed investments have increased by nearly 18% compared to two years ago.

 

Industry

  • Hyundai Motor Group: Introduced ‘WheelShare mobile rental stations’ to support disabled and elderly mobility at the Gangneung Coffee Festival.
  • Bonne: Launched the high-end skincare brand ‘Stayyouth,’ with plans to aggressively expand into overseas markets.
  • Colosseum Corporation: Strengthened its logistics capabilities, including customs clearance and express delivery centers, to meet the growing global cross-border e-commerce demand.
  • Cleantopia: Announced plans to expand its K-laundry services overseas, focusing on B2B and international markets.
  • Silkroad CNT: Gave a 100 million KRW childbirth bonus to an employee who had their third child, promoting childbirth support within the company.

 

IT/Tech

  • Waymo: Google’s self-driving subsidiary, Waymo, secured a $5.16 billion investment, with plans to expand services in Austin and Atlanta.
  • AI security firm Everspin: Introduced its identity theft prevention service ‘iDefender’ to K-Bank, effectively reducing identity theft risks.
  • Google Alphabet: Continued its investment in Waymo, expanding autonomous services to Austin and Atlanta.
  • LG Electronics’ business portal: Offers exclusive benefits and services to business customers, increasing satisfaction and convenience.
  • Upbit: Added two new order cancellation features to its ‘Lab’ function, improving user convenience.
  • Chai Communication: Preparing to launch AI-driven digital marketing tools that integrate keyword analysis to boost ad efficiency.

 

Society

  • Yangyang Pavilion Collapse: A clothesline hooked onto a passing bus caused the collapse of a pavilion roof, injuring two residents.
  • Gimcheon Gimbap Festival: Criticized for inadequate preparations as large crowds overwhelmed the event, but positive feedback anticipates a better festival next year.

 

Culture

  • Netflix cooking competition ‘Culinary Class Wars’: Concluded with high popularity, and Baek Jong-won’s restaurant business, The Born Korea, began a public offering.
  • BLACKPINK’s Rosé: Entered the UK Official Singles Chart at #4 with her duet ‘APT.’ alongside Bruno Mars.
  • Museum Wave: Kwon Doo-hyun’s solo exhibition ‘33: Time of Rest’ will be on display from November 1 to 17, featuring 33 symbolic works.
  • Actress Kim Soo-mi passes away: The beloved 75-year-old actress passed away, having prepared her final book titled ‘Goodbye.’
  • Cho Seung-woo’s Hamlet: The theater production starring Cho Seung-woo received rave reviews from audiences.
  • Kim Yong-ho’s photography exhibition: Gained attention with his ‘Two Stories’ exhibition, focusing on exploring human emotions and the inner self.

 

Gaming

  • Cookie Run: OvenBreak: Devsisters held the offline event ‘Cookie Run OvenBreak 2024 Cookielympics,’ featuring interactive booths and competitions for fans.
  • World of Warcraft: Patch 11.0.5 allows solo players to clear three Shadowlands raid dungeons, increasing interest in the popular ‘Sanctum of Domination.’
  • Goddess of Victory: NIKKE: Celebrated its 2nd anniversary with the introduction of new characters Cinderella and Grave.
  • Eternal Return: Introduced its 77th new character, Yumin, featuring a reimagined modern version of a traditional Korean Taoist.
  • Seven Knights Rebirth: Netmarble’s remake of the classic Seven Knights RPG, continuing its story and gameplay with modern improvements.
  • Project RX: Nexon Games revealed teaser images for its upcoming subculture game ‘Project RX.’

 

Health/Medical

  • Government’s low birth rate response policy: Plans to expand miscarriage and stillbirth leave and increase infertility treatment support to create a family-friendly environment.
  • EduEnvy: Introduced the AI coding education platform ‘Dolphin Coding,’ aimed at providing a friendly learning environment for students and teachers.
  • Brain health for dementia prevention: Announcer and entertainer Yoon Young-mi shared dementia prevention tips, reflecting on her mother’s battle with the disease.
  • AI-based identity theft prevention: Everspin’s ‘iDefender’ service, implemented at K-Bank, proves highly effective in preventing identity theft.

 

Sports

  • Genesis Championship: The KPGA and DP World Tour co-hosted a thrilling tournament, which was decided after an extended playoff.
  • Sudden Attack Championship Season 2: Nexon’s popular FPS game launched its second esports season, with the finals scheduled for December.
  • SSL Autumn Season Finals: The Starcraft SSL Finals will take place on November 2, where Kim Min-chul competes for his third consecutive championship.
  • Call of Duty: Black Ops 6 released: Activision launched Black Ops 6 worldwide, with multiplayer and zombie modes being a hit among players.
  • France K-Expo: Netmarble exhibited ‘Solo Leveling: Arise’ at the France K-Expo, showcasing Hallyu content.
  • KPGA Locker Room Controversy: A player’s locker was damaged during the Genesis Championship, prompting discussions about repair costs and legal actions.