Korea daily news(June 3rd 2024)

Politics

  • Controversy over Special Investigation for Kim Keon-hee: Yoon Kun-young of the Democratic Party of Korea criticized the People Power Party for proposing a special prosecutor law related to Kim Jung-sook, calling it a diplomatic discourtesy during Indian Prime Minister Modi’s visit to Korea.

Economy

  • Cadillac Electric Vehicle Launched in Korea: General Motors (GM)’s luxury brand Cadillac has launched its first dedicated electric vehicle, the Lyriq, in the Korean market. The sale price is set at 106.96 million won. 
  • Sale of Homeplus Express: Private equity fund MBK Partners is putting Homeplus’s Express business division up for sale. 
  • Korea GM Promotion: Throughout June, Chevrolet Trax Crossover buyers will be offered various cash and installment benefits.

Society 

  • Seoul Summer Vacation Part-time Job Recruitment: The Seoul Metropolitan Government is recruiting for part-time jobs during the summer vacation, offering up to 1.55 million won for 5 hours of work per day, 5 days a week. 
  • Seal Spotted off the Coast of Gangneung: An endangered seal species was spotted swimming off the coast of Gangneung, Gangwon Province, drawing attention. 
  • FSS Chief Lee Bok-hyun’s Remarks: Financial Supervisory Service chief Lee Bok-hyun warned that if the financial investment income tax is implemented, hundreds of thousands could be excluded from year-end tax deductions.

Law 

  • AI and Legal Service Integration: The combination of artificial intelligence and legal technology is helping lawyers improve work efficiency, saving time on litigation preparation and judgment analysis. 
  • Golf Club Membership Agreement Succession Ruling: The Supreme Court ruled that when a golf club changes its operating method, fee discount agreements made with existing members are not succeeded when the club is transferred.

International 

  • Shooting Incident at Mexican Presidential Election: A shooting incident at a polling station in the Mexican presidential election resulted in at least two deaths. 
  • China’s Chang’e 6 Lunar Probe: China’s Chang’e 6 lunar probe successfully collected samples from the far side of the moon.

Technology 

  • Google and ChatGPT: As generative artificial intelligence (AI) begins to be applied to major services, Google’s growth has slowed to 28%, while ChatGPT is on the rise. 
  • Deepfine’s XR Spatial Computing Technology: Deepfine announced the release of the on-premises version of its innovative service, DSC.

Culture 

  • Broadcaster Choi Hwa-jung Leaves Radio: Broadcaster Choi Hwa-jung bid farewell on SBS Radio’s “Choi Hwa-jung’s Power Time,” which she had hosted for 27 years and 6 months.

Business 

  • Edeum and Novakid Partnership: The global edutech project “Edeum” has signed a strategic business agreement with European online education company Novakid to establish a global education ecosystem. 
  • Naver Webtoon to List on Nasdaq: Naver Webtoon has submitted a securities registration statement to the U.S. Securities and Exchange Commission (SEC) to begin the process of listing on Nasdaq.