Stocks and Finance
- Naver Target Price Downgrade: Mirae Asset Securities has lowered Naver’s target price by 6% to 240,000 KRW, citing slowed growth and projecting that second-quarter earnings will fall short of consensus expectations.
- Mastern Investment Management: Published a sustainability management report that integrates ESG management activities and key performance metrics.
- Hyosung Heavy Industries: Signed a 303.5 billion KRW contract to supply ultra-high voltage transformers to the Norwegian Transmission Authority.
- DL E&C: Secured the construction rights for the ‘Jamsil Woosung 4th Housing Reconstruction and Maintenance Project’.
Industry and Companies
- KG Mobility: Launched a ‘Special Maintenance Service Campaign’ for flood-damaged vehicles in response to seasonal heavy rains and typhoons.
- Zimsa: Expanded its ‘Safe Plus’ service, a moving estimate comparison platform.
- KBI Dongkook Industries: Investing 40 billion KRW to expand its Mexico plant to produce parts for new Hyundai and Kia models.
- Haitai Confectionery: Released a regional limited edition of ‘Home Run Ball’ for baseball fans.
Real Estate and Construction
- Seoul Apartment Jeonse Ratio Increase: The jeonse (long-term lease) ratio in Seoul apartments reached 61.1% in the second quarter of this year, the highest level since the second quarter of 2021.
- Real Estate Agent Found Guilty: A real estate agent was found guilty for failing to properly inform tenants of critical contract details.
Environment and Sustainability
- US Solar Tariffs: Concerns about market encroachment due to duty-free Chinese cells and modules; calls for incentives for using domestically produced ones.
Technology and IT
- Samsung Unpacked: Samsung plans to unveil new Galaxy products, including the first ring-shaped wearable device ‘Galaxy Ring’, priced at 490,000 KRW, at an event in Paris, France.
International and Foreign Affairs
- Global MCN Collab Asia: Formed a business partnership with UUUM, Japan’s largest MCN company, to support its expansion into the Japanese market.
Game
Art Collaboration Between Devsisters and Artisan Son Dae-hyun
- Devsisters’ mobile RPG ‘Cookie Run: Kingdom’ collaborates with lacquerware master Son Dae-hyun
- Special art pieces are exhibited at Dongdaemun Design Plaza (DDP)
- Collaboration commemorates the ‘Awakened Dark Cacao Cookie’
Assault Lily: Last Bullet W Officially Launches in Korea
- So-net Entertainment Taiwan’s mobile RPG ‘Assault Lily: Last Bullet W’ launches officially in Korea
- The game features a subculture RPG theme with girl weapon dolls
Supercat Opens New Servers on Punkland
- Supercat opens new servers for 9 popular games on the gaming platform ‘Punkland’
- Aims to improve game service operations and play environment
Gen.G and T1’s Esports World Cup Participation and Achievements
- Gen.G competes with top teams in the Esports World Cup
- T1 defeats China’s Top Esports (TES) to claim victory
Com2uS Platform Sells NFT Artworks
- Com2uS Platform, a subsidiary of Com2uS Holdings, sells limited edition NFT artworks by popular illustrator Cuna on X-PLANET
- The artworks are part of the ‘Journey with Cuna’ series, sold sequentially from July to September
HanbitSoft Adds New Region to ‘Granado Espada M’
- HanbitSoft adds a new region ‘Ustiur’ to the mobile MMORPG ‘Granado Espada M’
- The region features various zones with jungles and undead monsters
Kakao Opens ‘Solo Leveling’ Pop-Up Store
- Kakao operates a pop-up store for the popular webtoon IP ‘Solo Leveling’ at The Hyundai in Yeouido
- The store recreates the webtoon’s world and sells various merchandise
Collaboration Between Krafton and Lamborghini
- Krafton announces a collaboration with Italian supercar brand Lamborghini in PUBG
- Allows users to experience supercars in the game
HoYoverse’s New Game ‘Zenless Zone Zero’ Reaches 50 Million Global Downloads
- HoYoverse’s new game ‘Zenless Zone Zero’ reaches 50 million global downloads within two days of official release
- The game features a unique city background and various characters
Nexon’s ‘First Descendant’ Popularity Rises
- Nexon’s ‘First Descendant’ maintains over 200,000 concurrent players on Steam
- The game is praised for its high-quality visuals and combat, powered by Unreal Engine 5