Economy
Renault Grand Koleos Unveiled
- The new Renault Grand Koleos, featuring materials and technology from POSCO, is displayed at the POSCO Center in Gangnam, Seoul.
Hyundai, Kia, Hyundai Mobis Earnings Report
- Despite Hyundai’s record-breaking quarterly performance, future risks are highlighted due to US-China tensions and demand slowdown.
Samsung Securities Special Bond Sales
- Samsung Securities launches special bond sales with a pre-tax annual return of 5% for retail clients, alongside several promotional events.
Cheongho Nice B2B Sales Increase
- Cheongho Nice reports a 30% year-on-year increase in B2B sales, driven by its large-capacity ice water purifier, ‘Super Ice Tree.’
Ourhome Opens Premium Food Hall at Incheon Airport
- Ourhome launches ‘Culinary Square by Ourhome’ at Incheon Airport Terminal 2, showcasing its unique food service expertise.
Seoul Apartment Prices Continue to Rise
- Seoul apartment prices have increased for 18 consecutive weeks. The government plans to reconsider all policy measures to expand housing supply significantly.
Micro-apartment Rental Prices Surge Amid Jeonse Phobia
- Demand for micro-apartments rises as fear of Jeonse fraud shifts buyers from villas to apartments.
KT Estate Holds Partner Cooperation Meeting
- KT Estate hosted a 2024 Partner Cooperation Invitation Meeting to strengthen partnerships with asset management collaborators through ongoing communication and cooperation.
Society
Bus Driver Sentenced to Prison
- A bus driver sentenced to five years in prison for causing an accident while using a mobile phone, resulting in the death of a mother in a school zone.
Kakao Conducts ESG Academy
- Kakao, in collaboration with the Citizens’ Coalition for Economic Justice, conducted an ‘ESG Academy,’ featuring office tours and ESG management lectures.
Youth YouTube Content Transformation
- Changes in YouTube and social media algorithms in South Korea aim to address youth suicide and other critical issues.
Government Tackles Vacant House Problem
- The Ministry of the Interior plans to demolish 871 vacant houses out of 130,000 nationwide to prevent urban decay despite owner reluctance.
Korean Women’s Handball Team Wins
- The South Korean women’s handball team secures a significant victory against Germany in their first match of the 2024 Paris Olympics group stage.
Technology
AI Digital Design Platform Partnership
- Zigstech and Thumbhouse sign a business agreement for mutual exchange and cooperation in AI digital design and interior architecture.
Bodyfriend Tops Service Quality Index for 6th Year
- Healthcare robot company Bodyfriend ranked first in the Korean Industry Service Quality Index (KSQI) for customer contact for the sixth consecutive year.
AI Management Technology Enhancement
- Startup Lesser signs a technology license agreement with S-1 Corporation to strengthen AI solutions, optimizing security solution operations.
Culture
‘Burger of Happiness’ Ad Video Released
- McDonald’s releases an ad video based on the true story of a store manager, featuring stories written by store employees.
Kim Min-ki Memorial Service
- The late Kim Min-ki, who wrote the song ‘Morning Dew,’ passes away. Mourners sing ‘Morning Dew’ at his memorial service.
HYBE Management Conflict
- HYBE faces ongoing internal conflicts following the resignation of CEO Park Ji-won and upcoming announcement of HYBE 2.0.
Seoul Hilton Hotel Architectural Heritage
- Seoul Hilton Hotel, designed by first-generation modern Korean architect Kim Jong-sung, is recognized as a significant architectural heritage.
Sports
Kangwon FC Player Transfer Rumors
- Kangwon FC’s CEO Kim Byung-ji confirms ongoing transfer negotiations for young forward Yang Min-hyuk to Tottenham Hotspur.
Paris Expands Bike Lane Network for Olympics
- Paris plans to expand its bike lane network to 60 km in preparation for the 2024 Olympics.
Korean Women’s Handball Team Defeats Germany
- The South Korean women’s handball team wins their first group stage match against Germany at the 2024 Paris Olympics.
Entertainment
BTS Cooking-On: TinyTAN Restaurant Launch
- BTS’s TinyTAN characters will feature in the ‘Cooking-On: TinyTAN Restaurant,’ launching on August 7 in over 170 regions worldwide.
Indie Music Radio Program
- A new radio program introduces indie music every Monday to Friday from 8 PM to 10 PM, featuring hidden gems and indie musician interviews.
Actor Yoo Ah-in Accused of Sexual Assault
- Actor Yoo Ah-in faces allegations of sexually assaulting a man in his 30s, which his team denies.
Celebrity YouTube Talk Shows Gain Popularity
- Honest and unfiltered celebrity YouTube talk shows are gaining popularity, offering diverse concepts and engaging content.
International
Denmark Imposes Camping Car Tourism Regulations
- Denmark introduces regulations to control camping car tourism, aiming to resolve parking issues at tourist sites.
Argentine Footballer Robbed at Paris Olympics
- An Argentine footballer is robbed of valuables worth approximately $57,000 during the Paris Olympics, highlighting security concerns.
Paris Expands Bike Lane Network for Olympics
- Paris plans to expand its bike lane network to 60 km in preparation for the 2024 Olympics.