Economy
DL Construction to Supply Commercial Facilities at ‘ePyeonhansesang Pyeongchon Urban Valley’
- DL Construction plans to supply commercial facilities at ‘ePyeonhansesang Pyeongchon Urban Valley’ in August.
- Located on the former Anyang LG Research Institute site in Hogye-dong, Dongan-gu, Anyang City.
Government Plans to Adjust Interest Rates for Household Loans
- The government to adjust interest rates for Didimdol and Bogeumjari loans.
- Response to the increase in household loans by adding additional interest.
Encar.com Reaches 15 Million Used Car Listings
- Encar.com records 15 million cumulative used car listings.
- Listings grew from 1.12 million in 2005 to over 10 million in 2020.
Gimpo Han River 2 Public Housing District Designated
- Gimpo Han River 2 Public Housing District officially designated.
- First sales expected in 2030, with a scale of 46,000 households.
Milk Raw Milk Price Negotiations Settled
- Dairy farmers and the dairy industry agree not to raise raw milk prices this year.
- Decision made to alleviate consumer burden amid high inflation.
Samsung Securities Breaks 4,000 High-Net-Worth Clients
- Samsung Securities records 4,041 clients with assets over 3 billion KRW.
- An increase compared to the previous year.
KORAIL Tourism Development Holds 20th Anniversary Event
- Benefits offered to the first 100 customers from August 1 to 11.
- Discounts on eco-tourism train travel in national parks.
NH-Amundi Asset Management’s ‘HANARO Nuclear iSelect ETF’ Tops 3-Month Returns
- Achieved the highest return among domestic nuclear ETFs as of July 24.
- Data provided by fund evaluator KG Zeroin.
TMon and WeMakePrice Settlement Delays
- TMon and WeMakePrice face delays in sales proceeds settlements, leading to increased member withdrawals.
- Coupang and Naver expected to benefit as alternative platforms.
Ministry of Agriculture, Food, and Rural Affairs and Dairy Promotion Association Negotiate Raw Milk Prices
- Agreement reached not to raise raw milk prices this year.
- Effort to reduce consumer burden.
Encar.com Reaches 15 Million Used Car Listings
- Encar.com hits 15 million cumulative used car listings as of July 30.
- Detailed data on platform’s used car listings revealed.
Society
Strengthening Supervision of Coercive Acts in Psychiatric Hospitals
- National Human Rights Commission recommends strengthening supervision of psychiatric hospital restraints.
- Issues raised regarding restraint practices in general wards.
Seoul Banghakcheon Duck Abuse Incident
- A 50-year-old foreign man arrested for abusing and killing a duck in Seoul.
- Charged with violating the Wildlife Protection and Management Act.
Southern Coast Guard Seizes Illegal Gambling Site Operators
- Gang operating 60 billion KRW illegal gambling site in the Philippines arrested.
- Charged with violating the Act on Regulation of Concealment of Criminal Proceeds.
Seoul City Hall Reverse Driving Accident
- Driver in reverse driving accident leading to 16 casualties apologizes.
- Detention review pending.
Gyeonggi Province Finds Hazardous Products on Chinese Shopping Platforms
- Identified 146 hazardous products on Alibaba and Temu.
- Enhanced monitoring for consumer safety.
Safety Inspection Following Hwaseong Factory Fire
- Gyeonggi Province inspects 100 high-risk metallic substance handling plants.
- Unauthorized hazardous material handling detected.
Seoul Yangcheon-gu and Gimpo City Begin Joint Study for Seoul Line 2 Extension
- Joint study initiated for extending Seoul Line 2 to Gimpo.
- Follow-up to March’s business agreement.
Seoul Dobong Police Arrest Foreign Man for Duck Abuse
- Foreign man arrested for duck abuse and death in Banghakcheon.
- Charged with violating the Wildlife Protection and Management Act.
Busan Haeshinje Festival Begins
- Joseon Tongsinsa ship sets sail after 260 years post-Imjin War.
- Organized by the National Maritime Heritage Research Institute.
Seoul City Hall Reverse Driving Accident Driver Apologizes
- Driver apologizes to victims and families before detention review.
- 16 casualties resulted from the accident.
IT/Science
Samsung SDI Announces All-Solid-State Battery Production Plans
- Production methods for all-solid-state batteries finalized, facility investments underway.
- 2Q performance announcement includes electric vehicle demand impact.
Toss Securities to Establish US Subsidiary
- Toss Securities to establish US subsidiary to develop specialized products for US stock investors.
- Proposal approved at regular board meeting.
Apple Uses Google Cloud TPU for AI Training
- Apple uses Google-designed AI chips for AI model training.
- Seen as an alternative to Nvidia.
Microsoft Windows Blue Screen Incident
- IT disruption caused by Windows blue screen issue.
- Airport systems down, ticketing affected.
Apple Uses Google Cloud TPU, Signaling Search for Nvidia Alternatives
- Apple uses Google-designed AI chips for AI model training.
- SK Hynix stock drops due to high bandwidth memory (HBM) concerns.
Nvidia’s Path from Near Failure to Unmatched Success
- Nvidia boosts S&P 500 index by over 30%.
- Rises from 10th to 1st in global market capitalization in two years.
AI Education Solution Company Alice Group Signs Agreement with Jinju National University of Education
- Agreement to support AI digital textbook training for teachers and prospective teachers.
- Joint research on AI education conducted.
Ministry of Science and ICT Promotes AI Normalization Projects
- Expanding AI use in legal field and everyday life benefits.
- Projects aim to enhance AI benefits for the public.
NHN KCP Operates In-House Refill Station
- Part of NHN’s environmental campaigns, held at Guro office.
- Employees from NHN affiliates participated.
Bithumb Opens ‘Bithumb Lounge Gangnam Branch’
- Bithumb opens one-stop support lounge for customer inquiries.
- NH Nonghyup Bank account opening counter established.
Culture/Entertainment
Everland Launches New Emoji ‘Panda and Animal Friends’
- Everland releases new animal-themed emojis on Kakao.
- Features panda and various animal friends.
Baek Jong-won Addresses ‘Yeondon Bowl Cutlet’ Franchisee Conflict
- Theborn Korea launches new menu and discount promotion.
- Efforts to improve brand image.
Air Premia Launches Biggest Discount Event ‘Promise’
- Discounts on premium economy and economy class tickets to major US cities.
- Discounts up to 94%.
CJ ENM Falls to Last Place in Film Distribution Rankings
- Lack of hits like ‘Parasite’ and ‘Extreme Job’ in the first half.
- Data released by the Korean Film Council.
Seoul Gwanghwamun Plaza Summer Vacation Program
- Giant water slide and history exploration programs available.
- Various summer vacation programs offered.
Korean National Ballet Performs in Paris
- Korean National Ballet presents ‘Korean Ballet’ combining gayageum, hanbok, and rhythm.
- Performance commemorates the 2024 Paris Olympics.
Yangyang Naksansa Temple Stay for Chilseok Popular
- Chilseok-themed temple stay “Be a Weaver Girl and Cowherd” receives overwhelming applications.
- Program celebrates the romantic legend of Chilseok.
Korea Tourism Organization Campaign in New York Times Square
- BBQ and Korea Tourism Organization launch ‘One Bite to Korea’ campaign.
- Promotes Korean cuisine in Times Square.
World Knowledge Forum Hosts Hanbok Suit Fashion Show
- Hanbok suit fashion show and classical artist performance.
- Held at Inspire Entertainment Resort Arena.
Gallery Shilla Daegu Hosts Sung Neung-kyung Solo Exhibition
- Sung Neung-kyung recreates newspaper reading performance.
- Exhibition at Gallery Shilla.
Sports
Samsung Electronics Features Son Heung-min with Galaxy Watch7 Ultra
- Son Heung-min promotes Galaxy Watch7 Ultra.
- Samsung Electronics’ ambassador gains attention.
Maserati Confirms Formula E Drivers
- Maserati Motorsport Team announces 2024/25 ABB FIA Formula E drivers.
- Stoffel Vandoorne and Jake Hughes signed.
Korean Men’s Archery Achieves Olympic Team Event 3-Peat
- Kim Je-deok leads the team to their third consecutive Olympic victory.
- Remarkable focus despite distractions.
Gen.G Secures Spot in 2024 LoL World Championship
- Gen.G sets record for longest winning streak in LCK history.
- Qualifies for Worlds in Europe.
Krafton Opens PUBG Pop-Up Store in Seongsu
- PUBG-themed experiential pop-up store opens in Seongsu.
- Various themes and collaborations showcased.
Krafton Hosts 2024 PUBG Mobile World Cup
- Brazil’s Alpha Seven Esports team wins the championship.
- Total prize pool of 3 million USD.
International
Joe Biden Advocates for Supreme Court Reform
- Emphasizes the need to reform the conservative-leaning Supreme Court.
- Criticized by Republicans as a dangerous gamble.
Philippines Cracks Down on Illegal Gambling Site Operators
- Gang operating 600 billion KRW illegal gambling site arrested.
- Charged with violating the Act on Regulation of Concealment of Criminal Proceeds.
US McDonald’s Sales Drop Due to Price Increases
- Inflation-driven menu price hikes lead to sales decline.
- Low-income customers turn away.
Lady Gaga Attends Paris Olympics with Fiancé
- Lady Gaga and fiancé Michael Polansky spotted at Paris Olympics.
- Engagement rumors confirmed.
Venezuela Election Fraud Controversy
- Suspected election fraud similar to the 2020 Belarus election.
- US intervention unlikely.
KGM Commercial Achieves 300 Eco-Friendly Bus Contracts
- Accelerates business normalization post-KG Group acquisition.
- Total contracts reached by July.
Air Premia Launches Major US City Travel Discount Event
- Discounts on premium economy and economy class tickets.
- Offers up to 94% off.
Technology/Gaming
Com2uS Updates ‘Heir of Light: Eclipse’
- New servant ‘Daisy’ introduced with various events.
- Daisy uses water gun and trap skills.
NCSoft Invests in Moon Rover Games
- Invested 3.5 million USD in Swedish game developer Moon Rover Games.
- Developing a new cooperative FPS title.
Netmarble’s ‘Solo Leveling: Arise’ Summer Update
- New hunter Amamiya Mirei introduced.
- Summer vacation event with various content adjustments.
Pearl Abyss Showcases Korean Beauty with ‘Land of the Morning Light’ in Paris
- Black Desert Online promotes Korean culture at Korea House in Paris.
- Korea House event runs from July 25 to August 11.
Krafton Hosts 2024 PUBG Mobile World Cup
- Brazil’s Alpha Seven Esports team wins the championship.
- Total prize pool of 3 million USD.
Smilegate Enters Indie Game Publishing Business
- New titles ‘Do Not Overdo It 2: Summer Pub’ and ‘If Sunset’ unveiled.
- Supports growth of indie game companies.
Neowiz’s ‘Sanabi’ Wins Best Action Adventure Game Award
- ‘Sanabi’ wins at China’s 2024 Indie Game Development Awards.
- Recognized for unique story and chain arm action.
Com2uS Platform Partners with Taiwan Payment Solution ‘MyCard’
- Strategic partnership with Soft-World to enhance presence in Chinese gaming market.
- MyCard widely used by Taiwanese gamers.
Krafton Opens PUBG Pop-Up Store in Seongsu
- Experiential pop-up store featuring PUBG IP.
- Various themes and collaborations showcased.
Blizzard Expands Item Upgrade System in ‘World of Warcraft’
- Internal Warfare beta increases item upgrades from 4 to 6 levels.
- Enhances item diversity and setup flexibility.
2K Releases Borderlands Series Collection for Nintendo Switch
- ‘Pandora’s Box’ collection includes six main games and all content.
- Available on Nintendo Switch.