Korea Daily News (July 4, 2024)

Economy

  • 7-Eleven Day: From the 9th to the 13th, 7-Eleven is offering a buy-one-get-one-free deal on 30 best-selling items, including Pringles, with discounts up to 43% on popular items like Chamisul and Häagen-Dazs.
  • Old Car Tax Reduction: The government is offering a tax reduction on replacing old cars and issuing 200,000 tourism accommodation coupons as part of various economic revitalization measures.
  • I&T Electronic Notification Solution Registration: I&T Co., Ltd. has registered its integrated electronic notification solution ‘eMobile Electronic Notification 1.0’ on the Public Procurement Service’s digital service mall.
  • KB Securities’ LG Electronics Evaluation: KB Securities evaluated LG Electronics’ acquisition of the European smart home platform company ‘Athome’ and the potential for further mergers and acquisitions (M&A).
  • Hana Securities’ KB Financial Group Evaluation: Hana Securities raised the target stock price for KB Financial Group.
  • Major Domestic Game Companies Target Overseas Markets: Major game companies like Krafton, Nexon, and Pearl Abyss are gearing up to participate in the world’s largest game show.
  • Yen Exchange Rate Rise: The yen exchange rate has surpassed the psychological resistance level of 160 yen per dollar.

 

Society

  • Seoul Asan Hospital Professor’s Hunger Strike: A breast surgery professor at Seoul Asan Hospital has started a hunger strike instead of taking a leave of absence to share the suffering of patients and trainees as the hospital reduces its medical services.
  • Illegal Multi-Level Marketing Allegations: A company led by a pastor is facing business suspension and prosecution for illegal multi-level marketing activities.
  • Borderline Intelligence Measures Announced: The government announced comprehensive measures for people with borderline intelligence, starting the development of diagnostic tools.

 

Politics

  • President Yoon’s Cabinet Reshuffle: President Yoon Seok-yeol is expected to appoint Kim Byung-hwan as the new Financial Services Commission Chairman and Kim Wan-seop as the new Environment Minister.
  • People Power Party Filibuster: The People Power Party has launched a filibuster in opposition to the proposal of the Chae Sang-byeong Special Prosecutor Act.
  • Incheon Airport Bullet Incident: A bullet was found in a flight attendant’s bag at Incheon International Airport, leading to a police investigation.

 

Culture

  • Video Game Art Museum Opening: The world’s first video game art museum is opening in Yokohama, Japan.
  • WCIGS Barista Competition: Ediya Coffee’s barista Wi Seung-chan received praise at the World Coffee In Good Spirits (WCIGS) competition.

 

Other

  • Tire Safety Replacement Service: Genesis has launched a tire safety replacement service, which includes tire replacement, vehicle pickup and delivery, and damage warranty services.