Korea daily news(June 12th 2024)

Economy & Industry

  • Taekwang Industrial: Halting production of eco-friendly material ‘low melting fiber (LMF)’ used in automotive interiors and soundproofing materials.
  • DS Investment Securities: Predicting significant performance growth for Celltrion starting next year due to the success of its autoimmune disease treatment ‘Zympentra’, raising target stock price.
  • KB Securities: Expecting record-high second-quarter performance for LG Electronics, adjusting target stock price upward.
  • Sangsangin Securities: Forecasting solid performance for Lotte Chilsung’s domestic and international business, maintaining a ‘buy’ rating.
  • Korea Federation of Micro Enterprises: 88% of small business owners demand differential application of minimum wage by industry.
  • U.S. Regulation Review: The U.S. government is considering additional regulations to block China’s access to AI semiconductors.


  • Syria vs. Japan: Syrian citizens express anger after their national team suffered a heavy defeat against Japan in the second round of Asian qualifiers for the 2026 North and Central America World Cup.
  • Korea vs. China: South Korea’s national soccer team defeated China 1-0 in the final match of Group C in the second round of Asian qualifiers for the 2026 North and Central America World Cup.

Natural Disasters

  • Earthquake: A 4.8 magnitude earthquake occurred on the morning of the 12th, 4 km south-southwest of Buan, North Jeolla Province.

Society & Culture

  • Seoul Mayor Oh Se-hoon: Congratulated BTS member Jin on his discharge from military service.
  • Namsan Hanok Village: The Yi Sun-shin Memorial Hall aims to open in 2027.
  • Controversy Over Physiognomy Report: A securities firm report analyzing the physiognomy of an adviser from the U.S. exploration company Act-Geo, which suggested the possibility of oil and gas deposits in Pohang’s Yeongil Bay, has sparked controversy.
  • Former UN Secretary-General Ban Ki-moon: Awarded the ‘Harmony Award’ by the King’s Foundation in the UK for his climate change activities post-retirement.


  • aespa’s Karina: Gained attention as the ceremonial first pitcher at a baseball game between the Lotte Giants and SSG Landers in Busan.
  • BTS’s Jin: Completed his military service on the 12th, with Seoul Mayor Oh Se-hoon sending a congratulatory message.

Travel & Leisure

  • Occitanie, France: Introduced an unlimited train pass for 10 euros a day for travelers.


  • Admission Scandal: Seoul’s prestigious university vocal music department caught in a bribery scandal, prompting the Ministry of Education to implement preventive measures.


  • Apple: AI features will only be available on iPhone 15 Pro and above, potentially boosting sales of the upcoming iPhone 16, leading to a sharp rise in stock prices.


  • Kimchi Exports: The popularity of K-food boosts kimchi exports to the U.S., with plans to enter 80% of Walmart stores.