Korea Daily News (July 15, 2024)

Economy

  • Masco (MAS): According to MK Signal, a buy signal has been detected, with positive evaluation as of July 12th.
  • LIG Nex1: Stock price continues to rise, recording 241,000 KRW, up 1.23% from the previous closing price of 206,000 KRW.
  • Busan Electric Vehicle Purchase Support: The city of Busan offers an additional discount of up to 1 million KRW for electric vehicle purchases, aiming to improve air quality and achieve carbon neutrality.
  • NVIDIA: Investor James Anderson mentions the possibility of reaching a market cap of $50 trillion within the next 10 years, with the current market cap around $3 trillion.

 

Society

  • Residency Resignation Deadline: As of the 15th, most residents have not expressed their resignation, and major training hospitals are on standby.
  • School Violence Verdict: Daejeon District Court ruled that parents are responsible for the supervisory duty if an elementary school student commits school violence.
  • Seoul Real Estate Market: June transaction volume exceeds 6,000 cases, with an increase in transactions expected to be reported within a month.
  • Gyeonggi-do Green Bus Transition: Plans to replace all city buses with eco-friendly vehicles by 2033, expecting to reduce carbon dioxide emissions by 436,000 tons and generate 7.1 billion KRW in emission rights sales.

 

Culture & Lifestyle

  • Seol Min-seok: After acknowledging plagiarism in his master’s thesis and halting broadcasting activities, he returns to the MBC variety show ‘Cross the Line’ after about 3 years and 6 months.
  • Domino’s Pizza: ‘KT Sweet Benefit’ promotion for KT customers, offering a 50% discount from the 15th to the 31st.
  • 7-Eleven: Begins pre-sale of decaffeinated coffee, matching the healthy pleasure trend, with sales of decaffeinated coffee products increasing by 70% year-on-year in June.
  • Kyobo Life Cup Dream Tree Sports Festival: Celebrating its 40th year, 4,000 elementary school athletes participate, with competitions taking place nationwide for a month, starting with track and field.

 

Business & Technology

  • Renault Korea: Special support campaign for vehicles damaged by heavy rain and typhoons until the end of August, available at approximately 400 service networks nationwide.
  • Dassault Systèmes: Partners with French AI unicorn Mistral AI, integrating high-performance generative AI into the 3DEXPERIENCE platform.
  • UNID BTPlus: The leading company in the domestic medium-density fiberboard (MDF) market, invests 6 billion KRW in Ox Materials, and enters the electric vehicle heat dissipation material business.
  • Able C&C Missha: Achieved significant sales success during China’s ‘618 Shopping Festival,’ strengthening its position as a global beauty company.
  • Moreh: An AI infrastructure solution company collaborates with Seoul National University’s Department of Computer Science to run an internship program that offers academic credits, actively seeking top talent.
  • Bespin Global: Establishes a Data AI division, reorganizing its structure around AI business, and providing cloud management services.
  • Kakao Talk Employee ID: Kakao launches a digital card service for employees called ‘Talk Employee ID,’ which can be issued and stored in KakaoTalk Wallet.

 

Politics

  • Kwon Young-jin, People Power Party Member: Proposed a special law to prevent charter fraud, signed by all 108 members of the People Power Party, focusing on eliminating blind spots by purchasing affected homes and distributing auction proceeds.
  • Lee Jae-myung, Democratic Party Candidate: Running for re-election as party leader, emphasizing the need to review comprehensive real estate taxes and consider postponing financial investment income taxes, while pro-Lee faction is preparing for tax reform and easing inheritance tax.
  • Won Hee-ryong, People Power Party Leadership Candidate: Criticizes Han Dong-hoon’s political career and debate style, highlighting his own political experience.

 

International

  • German Antarctic Research Station: Icebreaker research vessel RV Araon begins a three-month Arctic voyage, navigating the Bering Sea, East Siberian Sea, and Chukchi Sea to conduct climate change research.
  • Romania’s Wiz Khalifa: Indicted for illegal drug possession after performing at a beach festival, according to Romanian prosecutors.
  • Kuwait: Discovers a large oil field with 3.2 billion barrels, equivalent to 33 times the area of Yeouido, securing the country’s oil production for three years.
  • Former U.S. President Donald Trump: Participates in a convention to rally Republican supporters, reigniting competition with his biggest rival from the last primary, Nikki Haley.