Korea Daily News (November 5, 2024)

Politics

  • Responsibility for Kim Jong-un: People Power Party’s floor leader Choo Kyung-ho criticized the Democratic Party for shifting national security crisis responsibilities to the government.
  • Myung Tae-kyun’s Nomination Involvement Investigation: Myung Tae-kyun will face questioning at the Changwon District Prosecutors’ Office regarding alleged involvement in nomination meddling.
  • Strengthening Economic Cooperation with China: KCCI Chairman Chey Tae-won is set to discuss economic collaboration at the Beijing Forum.
  • Efforts to Improve Korea-Japan Relations: Recent Korea-Japan summits have focused on expanding cultural exchange and economic cooperation, signaling positive developments.
  • Potential Resumption of North Korea-U.S. Summit: Hints of renewed dialogue between North Korea and the U.S. have prompted varying interpretations of diplomatic signals.

 

Economy

  • ‘SSG Day’ Success: Shinsegae Group’s grand shopping event, ‘SSG Day,’ has broken records, with E-Mart achieving daily sales exceeding 100 billion KRW.
  • Reduced KakaoPay Deficit: KakaoPay’s Q3 operating loss narrowed to 7.5 billion KRW, showing improvement from the previous year.
  • Ramen Exports Surpass $1 Billion: The export boom for Korean ramen brands Samyang, Nongshim, and Ottogi reflects on their stock prices.
  • Record Agricultural Exports: Korea’s agricultural exports hit a historic high of $8.1 billion, reinforcing the global growth of K-food.
  • Rising Popularity of Ancient Grain ‘Farro’: The ancient grain farro is gaining traction as a healthy carbohydrate, leading to expanded premium health food lines.

 

Society

  • Busan Public Institution Intern Assault Case: CCTV footage showing the assault of an intern by a Busan public institution union leader has stirred controversy.
  • 5G Price Disclosure Lawsuit Win: People’s Solidarity for Participatory Democracy won a lawsuit for telecoms’ 5G cost data disclosure.
  • Coding Education for Taxi Drivers’ Children: Kakao Mobility is running a coding education program for taxi drivers’ children nationwide.
  • Youth Employment Trends Survey: Survey results show that young people prioritize work-life balance over high salaries when choosing jobs.
  • House Price Decline and Birth Rate Increase: Job growth and declining house prices have reduced economic burdens, leading to rising birth and employment rates in some areas.

 

Culture

  • UNESCO Designation for Traditional Korean Fermentation: The fermentation process for Korean sauces like soy sauce, doenjang, and gochujang is recommended for UNESCO designation.
  • New Changgeuk ‘Lee Nal-chi’: The National Changgeuk Company will present a new changgeuk production featuring legendary singer Lee Nal-chi.
  • Squid Game Season 2 Release: Netflix’s ‘Squid Game 2’ is set for a global release on December 26.
  • ‘Popup Town’ Trend in Seongsu-dong: Seoul’s Seongsu-dong area is becoming a popular hotspot with a surge in new popup stores.

 

International

  • Las Rozas Village Celebrates Day of the Dead: Las Rozas Village in Madrid held a celebration for Mexico’s Day of the Dead.
  • 47th U.S. Presidential Election: Voting has commenced in the small town of Dixville Notch in New Hampshire, marking the start of the election.
  • Chinese Recycling Visit: Korea’s Paper Resources Promotion Foundation visited Japan to study high-quality recycling practices.
  • Hong Kong Housing Market Update: The Hong Kong Tourism Board is supporting a program highlighting the region’s high rent costs and affordable housing challenges.

 

IT/Technology

  • KT Launches AI TV Set-Top Box: KT unveiled Genie TV Set-Top Box 4, equipped with the latest AI technology.
  • SAP Korea Launches Genesis BBQ IT Project: SAP Korea has embarked on a project for systems integration to support Genesis BBQ’s global expansion.
  • Spotify User Growth in Korea: Following its free streaming service, Spotify’s monthly active users in Korea increased from 820,000 to 1.28 million.
  • Amazon ‘X-Ray Recaps’ Launched: Amazon introduced an AI-powered feature to summarize movie and drama plots.

 

Environment

  • Ulsan Offshore Wind Farm Project: Ulsan and investors have signed a letter of intent for a floating offshore wind farm project.
  • Naver Receives Presidential Award for Safety: Naver won the Presidential Award at the Korea Safety Awards for its emergency preparedness.
  • Natural Rock Theft Incident: Suspects attempting to steal natural rocks from Hallasan Mountain were apprehended by police.
  • Jirisan International Environmental Biennale: Jirisan’s 2024 International Environmental Biennale will be held in Hadong.

 

Sports

  • FC Online ‘Nexon Champions Cup’: Nexon’s national high school class football tournament concluded with widespread participation.
  • Pokémon GO Popup Booth: Pokémon GO’s popup booth at the Gangnam Express Bus Terminal offers interactive events for fans.
  • Polestar 4 Exhibition and Test Drive Event: Polestar is hosting exhibition and test drive events to celebrate the launch of its coupe-style electric SUV.
  • Jeju Air Withdraws from Asiana Cargo Business Acquisition: Jeju Air’s decision not to pursue the Asiana cargo business acquisition hints at a reshaping of the low-cost carrier industry.

 

Health/Medical

  • Sustainable Management at Yuhan-Kimberly: Yuhan-Kimberly has been recognized for sustainable management at the UNGC Korea Leaders Summit for four consecutive years.
  • Lunit Supports Breast Cancer Screening in the U.S.: Korean medical AI company Lunit will provide breast cancer screening for U.S. soldiers and their families.
  • Donation for Mental Health Therapy: Kakao Games contributed a donation to support psychological therapy for South Korean military personnel.