Korea Daily News (August 19, 2024)

1. Economy and Finance

  • Samsung Biologics: The sanctions imposed by the financial authorities due to accounting fraud were fully annulled by the court.
  • Samsung Life Insurance: The stock price rose by over 5% due to expectations of a strengthened dividend policy.

 

2. Sports

  • Korean Archery Team: Dominated all events at the 2024 Paris Olympics, continuing their archery legacy.
  • GS25 Collaboration Product Launch: Collaborated with table tennis star Shin Yu-bin, releasing special products.

 

3. Business

  • Bodyfriend: A massage chair model that once dominated the market applied its unique ‘robotics technology’ and enhanced convenience by allowing the remote control function to be operated via a smartphone.
  • Genience: Cybersecurity company Genience supplied its network access control solution to two financial institutions in Kenya, Africa.
  • Classys: The medical aesthetic device company Classys was recognized for its ESG (Environmental, Social, and Governance) performance in the global capital market.
  • Apple: Despite attempts to develop its own modem chips and reduce dependence on Qualcomm, Apple has not yet achieved significant success.
  • ITCEN Group: Achieved record-breaking performance in the first half of the year and is focusing on fostering new growth through innovative business strategies.
  • SK Group: Engaged in discussions to establish innovative strategies for the group during the ‘Icheon Forum 2024’.

 

4. Automotive

  • Maserati: Unveiled the 640-horsepower sports car ‘Maserati GT2 Stradale’ for the first time at the 2024 Monterey Car Week in California.
  • KG Mobility (KGM): Plans to start a special sale for Actyon via Naver Shopping Live.

 

5. Real Estate and Construction

  • Seoul Real Estate: The jeonse-to-sale price ratio of Seoul apartments has been rising for a year, leading to an increase in gap investment and demand for purchasing homes with a lease.
  • Shindonga Apartment Redevelopment: The redevelopment project for Shindonga Apartments in Seobinggo, Seoul, has been confirmed under the rapid integrated planning process.

 

6. Technology and IT

  • Apple: Is pushing to develop its own modem chips to reduce reliance on Qualcomm.
  • NCSoft: Partnered with Amazon Games to launch the global service of the MMORPG ‘Throne and Liberty’ on October 1.

 

7. Culture and Entertainment

  • Busan Convergence Exhibition and Convention: A convergence exhibition and convention will be held across Busan from September 30 to October 8, featuring 17 events including the Busan International Film Festival.
  • BTS Suga: Controversy erupted over his DUI incident, with his apology letter sparking further debate.
  • Johnnie Walker: Actor Jo In-sung was appointed as the new brand ambassador for the Scotch whisky brand ‘Johnnie Walker’.

 

8. Politics and Society

  • Lee Jae-myung, Democratic Party Leader: Announced the second-term leadership team, prioritizing economic and livelihood issues.
  • People Power Party: Announced plans to establish a ‘Special Committee for Narrowing Gaps’ to address disparities in various fields.
  • Busan Police: Investigating a case where a couple falsely claimed foreign substances in delivered food to receive a refund.