Economy
- Lotte Duty Free: In collaboration with Korea Airports Corporation, Lotte Duty Free has launched the ‘KAC Airport Online Duty-Free Service,’ the first of its kind for airport duty-free shops, targeting Gimpo, Gimhae, and Jeju International Airports.
- SK Bioscience: Stock prices surged following the news of acquiring a top 10 global vaccine contract manufacturing company in Germany.
- NH Investment & Securities: Lowered the target stock price of Wemade, reflecting potential delays in its China launch.
- Korea Investment & Securities: Maintains a ‘Buy’ rating on Samsung Electronics with a target price of 120,000 KRW.
- Naver Webtoon: Set to be listed on NASDAQ with an offering price set at the upper end of the range at $21 per share.
Industry/Technology
- Robotics: Expressed opinions that AI is unsuitable for designing for humans.
- APR: Participated in Asia’s largest beauty expo and signed a UAE distribution contract with a Dubai company.
- Fount: Ranked first in investment algorithm returns.
- Mediwhale: Selected for Johnson & Johnson’s global accelerator platform, aiming to become a success story in disease prediction.
Society
- Government Measures: Announced additional measures for medical residents, prompting professors at Severance Hospital to begin an indefinite strike.
International
- Oppenheimer Movie: A letter sent by Albert Einstein to President Roosevelt in 1939 is up for auction.
- RE100 Campaign: Controversy arose over the incorrect display of the South Korean flag on their website.
Culture
- CJ ENM: The show “Lovely Runner” has a viewership rating of 5% but is creating significant buzz due to its strong fanbase.
- PSY: Crackdown on ticket scalping for the ‘Psy Summer Swag’ concert and price gouging by accommodations in Wonju, Gangwon-do.
Real Estate
- Gyeonggi Province: First-time home buyers are focusing on Gyeonggi Province, with Hwaseong and Paju being the most popular.
- Seoul Monthly Rent: The average monthly rent for studio apartments in Seoul’s multi-family and villa houses slightly increased to 750,000 KRW.
International
- Rome, Italy: Protesters calling for an end to violence against women used red paint in demonstrations at the famous Spanish Steps.