Economy
- Samsung Electronics and SK Hynix Stocks: Samsung Electronics and SK Hynix, which had plummeted the previous day, rebounded by over 4% in early trading, with the KOSPI index also starting on an upward trend.
- Stock Market and KOSDAQ: A buy-sidecar was activated, marking the first occurrence in several years.
- SK Hynix Performance: Kiwoom Securities upgraded its investment rating to ‘buy’ due to SK Hynix’s strong performance.
- Seoul Apartment Sales: The price of apartments in Seoul is on the rise, with an increase in purchases by non-local buyers.
- Financial Bonds: Shinhan Bank’s mortgage loan interest rates have decreased, and there are plans to readjust these rates.
Sports
- Paris Olympics: Kim Woo-jin and Brady Ellison had an exciting match in the Olympic archery finals, with Korean athletes winning medals in taekwondo and badminton as well.
- Women’s Table Tennis: The Korean women’s table tennis team advanced to the round of 16 in the Olympic team event.
Society
- Seoul Subway Seongsu Station: There are plans to alleviate congestion at Seongsu Station by increasing the number of exits.
- Cyber Fraud: Seoul is expanding investigations into illegal multi-level marketing, with cyber fraud cases on the rise.
- Heat and Heat-related Illnesses: There is a significant increase in heat-related illnesses due to global warming, raising concerns for the care of elderly and disabled individuals.
International
- Italian Railways: The Italian state railway company is operating night trains between Lecce and Rome.
- Concerns of a U.S. Recession: Concerns over a U.S. recession have led to a significant drop in Asian stock markets.
- Google Antitrust Lawsuit: Google lost an antitrust lawsuit filed by the U.S. Department of Justice, which could affect its dominance in the search market.
Technology
- AI Search Engine: Ruitten Technologies is developing an AI search engine called ‘Ruitten’ to potentially replace Google and Naver.
- AI Chatbot Solution: Aton and Langcode are collaborating to integrate AI chatbot and generative AI technologies to develop a sales consultation platform.