Korea Daily News (July 5, 2024)

Economy

  • Samsung Electronics: Q2 operating profit estimated at 10.4 trillion KRW, a 1452.24% increase from the same period last year.
  • IBK Investment & Securities: Hyundai Engineering & Construction’s Q2 operating profit expected to fall short of market expectations, target price lowered from 47,000 KRW to 40,000 KRW.
  • Hana Securities: Hanwha Systems’ 2026 performance outlook raised, target price adjusted to 25,000 KRW.
  • Exports: Semiconductor exports increased for 8 consecutive months, trade balance surplus of 8.75 billion USD.
  • Korea-Japan Export Competition: Concerns over exchange losses for SMEs exporting to Japan due to the weak yen.

 

Society

  • Domino’s Pizza: Delivered pizzas to exemplary classes in the ‘Hope Found in the Classroom’ campaign to prevent cyberbullying with World Vision.
  • Seoul City: Conducting a comprehensive survey of one-way streets in the city after a wrong-way driving accident.
  • Aluminum Factory Fire: Fire broke out at an aluminum factory in Miryang City, Gyeongnam.

 

Entertainment

  • Bubble App: Stars like EXO, aespa, TWICE use the app to communicate directly with fans.
  • Actors Ko Yoon-jung and Byun Woo-seok: Selected as advertising models for NH Nonghyup Bank.

 

Politics

  • Chae Sang-byeong Special Prosecutor Law: Political parties clash over the method of investigation, with demands for a special investigation and calls for prioritizing prosecution.

 

Technology

  • KAIST Research Team: Successfully developed a microbial-based egg substitute, expected to address issues related to factory farming.

 

International

  • Global Weather Phenomenon: Record heatwave in Moscow.
  • Blackpink Lisa Lookalike: Thai market girl gaining attention.
  • Hong Kong International Airport: Security screening process expedited with the introduction of a new carry-on baggage scanning system.
  • US Presidential Election: Robert Kennedy Jr. embroiled in controversy for allegedly eating dog meat in Korea.
  • Canada: First-ever female Chief of Defense Staff appointed.