Korea Daily News (July 25, 2024)

Economy

GS E&C Participates in Overcoming Low Birthrate Crisis

  • Expands benefits for pregnancy, childbirth, and childcare
  • Announces effective support policies

Seoul Metro Area Revitalization Project

  • Development near Gil-dong Station in Gangdong-gu and Sagajeong Station in Jungnang-gu
  • Mixed-use buildings combining residential and commercial spaces

National Pension Service Earns 1.68 Trillion KRW from Real Estate REITs

  • Collaboration with Koramco REITs & Trust
  • 18 years of investment returns

U.S. Stock Market Tech Stocks Plunge

  • Major tech stocks like Tesla and Nvidia plummet
  • Investor sentiment on AI-related investments declines

SK Hynix Records Highest Quarterly Sales

  • 5 trillion KRW operating profit in six years
  • Stock price drops by 5% in early trading

 

Society

Fire at Hanwha Eagles Park

  • Incident in Bu-sa-dong, Jung-gu, Daejeon on the 24th
  • Extinguished in 5 minutes, 4 people injured

Seoul Construction Workforce Training Program

  • Hanwha Construction collaborates with Seoul Eastern Technical Education Institute
  • Provides job support and training programs for aspiring construction workers

Decrease in Daycare Centers, Increase in Senior Facilities

  • Impact of rapidly declining birthrate and aging population
  • Number of operating daycare centers decreases, senior facilities increase

Abdominal Fat and Neurodegenerative Diseases

  • Higher risk of Alzheimer’s and Parkinson’s with more abdominal fat
  • Research results published

Daejeon Modern Architectural Heritage Selected

  • 308 buildings with historical and rarity value selected
  • Comprehensive survey of buildings over 50 years old

 

Politics

Kamala Harris Responds to Potential Trump Reelection

  • Criticizes current government immigration policies
  • Close race with a 2% margin in approval ratings

President Joe Biden Returns to the White House

  • Addresses the nation about his health
  • Emphasizes the importance of the United States

Democratic Party Candidate Debate

  • Candidate continues centrist expansion
  • Calls for easing property tax on primary residences

Broadcasting and Communications Commission Confirmation Hearing

  • Intense debate between ruling and opposition parties
  • Scrutiny over the candidate’s morality and qualifications

 

IT/Technology

SK Hynix Achieves 5 Trillion KRW Quarterly Operating Profit

  • Impact of expanding AI market
  • High Bandwidth Memory (HBM) effect

LG Uplus Launches In-Car Gaming Service

  • Develops web-based ‘Game Portal’ service
  • First applied to Kia EV3 model

Nexon Lowers Difficulty of ‘Awakened Forest’ in Dungeon & Fighter

  • New Legion dungeon launched
  • Difficulty adjusted based on user feedback

Riot Games Releases Valorant Champions Seoul Theme Song

  • ‘SUPERPOWER’ music video and audio released
  • Fast tempo and powerful vocals typical of Valorant

 

Culture

Composer of ‘Morning Dew’ Kim Min-ki Laid to Rest

  • Cultural pioneer dedicated to youth arts
  • Funeral held, mourners sang ‘Morning Dew’

Busan Subway Cars Designated as Cultural Heritage

  • First produced with stainless steel bodies
  • Equipped with automatic train control systems

Oak Valley Offers Kids Content for Summer Vacation

  • Various benefits at the resort in Wonju, Gangwon-do
  • Programs for families with children

Netmarble Updates ‘Chronicles of Arthdal’ with Server Transfer Feature

  • Server transfer functionality for user convenience
  • 100-day celebration event

 

Sports

2024 Paris Olympics Men’s Soccer

  • Argentina defeated by Morocco
  • Match resumes after a two-hour delay

Hyundai Motor Group Hosts Archery Event

  • Special event to experience training equipment of national archery team
  • 40 years of support for Korean archery

 

Health

Study on Abdominal Fat and Neurodegenerative Diseases

  • Increased risk of Alzheimer’s and Parkinson’s with more abdominal fat
  • Conversely, thigh fat associated with reduced risk

Inflation Expectations Fall Below 2% in 28 Months

  • Consumer price outlook for the next year
  • Possibility of interest rate cuts

 

Business

HYBE Appoints New CEO

  • Jae-sang Lee named Chief Strategy Officer (CSO)
  • Park Ji-won steps down from CEO position

Samsung C&T Participates in Romanian Small Modular Reactor (SMR) Project

  • Targets global SMR market
  • Construction division involved in basic design

 

Real Estate

Seoul Metro Area Revitalization Project

  • Development near Gil-dong Station in Gangdong-gu and Sagajeong Station in Jungnang-gu
  • Mixed-use buildings combining residential and commercial spaces

National Pension Service Earns 1.68 Trillion KRW from Real Estate REITs

  • Collaboration with Koramco REITs & Trust
  • 18 years of investment returns