Korea Daily News (August 22, 2024)

1. Economics and Business

  • Global Laptop Production Diversification: Major laptop manufacturers like Samsung and Apple are diversifying their production bases. The global laptop shipment for this year is expected to decrease compared to the previous year.
  • Foreign Investor Trends: Foreign investors are showing renewed interest in domestic secondary battery-related stocks.
  • Corporate Value Enhancement Meeting: The Korea Exchange hosted a meeting with the top 10 domestic conglomerates to discuss strategies for enhancing corporate value.
  • Rising Prices: Prices for vegetables and processed foods continue to rise, with the potential for dining out costs to increase before the Chuseok holiday.
  • SK Innovation: The company is enhancing communication with general shareholders ahead of its merger with SK E&S, addressing shareholder questions.
  • Mirae Asset Securities: Announced a plan to achieve an ROE of over 10% and a shareholder return ratio of over 35%, aiming to enhance corporate value.

 

2. Society and Culture

  • COVID-19 Resurgence: A resurgence of COVID-19 is leading to a sharp increase in related search activity.
  • Health and Wellness: The popularity of badminton and tennis clubs is on the rise, but there is a need to be cautious of overuse injuries.
  • Auto Insurance Loss Ratio: The loss ratio for auto insurance surpassed the break-even point last month, leading to discussions about potential premium increases.

 

3. Industry and Technology

  • Seoul Robotics Autonomous Driving Software: Seoul Robotics is on the verge of securing software supply contracts with eight global automotive manufacturers.
  • Hyundai and Kia’s Thermal Management Technology: Both companies have introduced proprietary thermal management technologies to maximize energy efficiency in electric vehicles.

 

4. Real Estate and Urban Development

  • Seoul Jung-gu Development: The aging buildings around Jonggak Station in Seoul are being replaced with mixed-use developments that include green spaces.
  • Capital Region Apartment Market: As apartment sales in the capital region increase, the number of unsold public housing units has decreased.

 

5. International

  • US-Israel Relations: President Biden maintained communication with Netanyahu regarding Middle Eastern diplomacy during his vacation.
  • Chinese E-Cigarette Factory: Shocking labor conditions were exposed in a Chinese e-cigarette factory.
  • Korea-Japan Future Factory Forum 2024: High school and university students from South Korea and Japan discussed future cooperation at this forum.
  • US Presidential Election: Michelle Obama made headlines for her speech supporting Vice President Kamala Harris at the Democratic National Convention.

 

6. Entertainment and Arts

  • Starbucks CEO Controversy: Starbucks’ new CEO is embroiled in controversy over a 1600 km commute.
  • Frieze Art Fair: The global art fair Frieze is highlighting Korean art masters in its latest event.

 

7. Automotive and Transportation

  • Hybrid Vehicle Launch Aspirations: Domestic consumers expressed a strong desire for the launch of Genesis hybrid vehicle models, which ranked 1st to 3rd in preference.
  • Drunk Driving Incidents: Drunk driving accidents in Gimpo and Changwon have led to police investigations.
  • Auto Insurance Loss Ratio: The auto insurance loss ratio exceeded the break-even point for the third consecutive year, prompting discussions on premium increases.

 

8. Finance and Securities

  • KOSPI and KOSDAQ Trends: The KOSPI index held steady at 2700, while the KOSDAQ index closed lower.
  • ETF Growth Slows: ETF growth has slowed due to the sluggish performance of the KOSPI and KOSDAQ, with overseas equity ETFs showing stronger growth.

 

9. Game Updates and New Releases

  • Netmarble ‘Seven Knights Idle Adventure’: Celebrating its first anniversary with the addition of a new hero, ‘Highlord Rudy,’ and new content, ‘Wheel of Destiny.’
  • Nexon ‘Dungeon & Fighter Mobile’: Expanded the maximum level to 80 and introduced new areas and dungeon systems.
  • NCSoft ‘Hoyeon’: Launched the ‘Hoyeon TALK’ channel to communicate with users and introduce the game’s features and fun elements.
  • Haegin ‘Play Together’: Held a fruit festival-themed event offering various missions and rewards.
  • Nexon ‘Sudden Attack’: Celebrated its 19th anniversary with the ‘Sudae Festival,’ featuring various programs with popular streamers and pro gamers.
  • Riot Games ‘Valorant’: Hosted a media day at Seoul’s LoL Park to commemorate the ‘2024 Valorant Champions’ finals series.