Economy and Industry
- Samsung Securities: Expecting cash inflow from the IPO of Hyundai Motor India’s subsidiary, with investments in India and future vehicles, along with special shareholder return policies. Investment opinion ‘Buy’, target price 345,000 KRW.
- Samsung Electronics: Holding global strategy meetings by business unit starting from the 18th, coinciding with Chairman Lee Jae-yong’s return from his business trip to the U.S.
- Fintech startup Payple: Launches ‘Keepay’ to prevent fraud in advance fee payments.
- Adtech Motive Intelligence: Publishes the first domestic ‘CTV Advertising Execution Status Report’ including five major performance indicators of CTV ads.
- HiteJinro: Announces ‘Global Vision 2030’ in Vietnam, aiming for the globalization and popularization of soju.
- Yeondon Bolkatsu franchisee: Claims that the promise of monthly sales of 30 million KRW was not fulfilled. The Born Korea refutes it as a clear falsehood.
- Hana Securities: Maintains ‘Buy’ rating on SM, with a target price of 110,000 KRW, forecasting Q2 sales and operating profit.
- Nonghyup Bank: Adds travel services to its digital banking app, enabling travel inquiries and bookings.
Culture and Arts
- Amorepacific Museum of Art: Collaborates with the National Palace Museum to promote the heritage of the Joseon Royal Court.
- Chungjang Gallery Kim Young-won Solo Exhibition: Features paintings by Kim Young-won, creator of the King Sejong statue in Gwanghwamun.
Society and Incidents
- Seoul Gwanak Police Station: Introduces drone patrols with 30x zoom cameras capable of identifying hikers’ faces.
- Acting Academy Director Sexual Assault Case: Outrage over the case where a minor student was sexually assaulted under the pretext of academy fees.
- Throwing burning tissue for exorcism: Acquitted of attempted murder of a parent in the second trial, convicted only of arson causing injury.
Finance and Securities
- Fuel Tax Cut: Extension of the fuel tax cut, which was set to end this month, for another two months considering high inflation.
- KRW-USD Exchange Rate: Continues to stay in the 1300 KRW range, requiring analysis of structural factors.
Health and Medical
- Seoul National University Hospital and three others: Simultaneously began a strike. Although there is no apparent chaos, long-term impacts are a concern.
- Government: Issues work commencement orders to private practitioners, threatening prosecution for unilateral appointment cancellations.
- Violation of Medical and Pharmaceutical Law: The number of doctors violating the law increased from 14 to 1,000 due to the receipt of gifts exceeding 100,000 KRW. Police investigation might expand.
- Loss Ratio of Indemnity Insurance: The loss ratio of the fourth generation indemnity insurance exceeds 130% due to the increase in non-covered items.
Technology and IT
- Naver Webtoon: Introduces ‘Watch Ads for Free’ service, allowing users to view paid webtoons for free by watching ads.
- Innovative XR Solution: Expected to present a paradigm shift for corporate digital transformation. Exhibition from June 19-21 at COEX.
Travel and Transportation
- Italian Railways: Launches new night trains traversing across Italy.
Real Estate
- Banpo Raemian One Pentas: Approved for 67.36 million KRW per 3.3㎡ in Seocho-gu, with 292 units available for general subscription next month.
International
- Increased Demand for Weapons: Heightened security measures in response to China’s ambitions to invade Taiwan, with industry expanding recruitment to meet demand.
- International Air Transport Association (IATA): Introduces a new baggage tracking system to reduce the risk of lost luggage.
- Ho Tzu Nyen’s Solo Exhibition at Art Sonje Center: Features works criticizing Japanese imperialism and history, including ‘Hotel Aporia’.
Weather
- Korea Meteorological Administration: Forecasts daytime temperatures nationwide to be around 33°C, with Seoul at 32°C and Daegu at 34°C.