Industry and Economy
KCC Supports the ‘Great Graffiti Village’ Project: KCC provided paint for the ‘Great Graffiti Village’ project led by Sinan County and Urbanbreak, contributing to transforming Aphaedo in Sinan County into an exhibition of artworks.
KB Kookmin Card’s Lodging Sale Festa: KB Kookmin Card is offering an additional 10% discount on domestic lodging payments made through KB Pay as part of the ‘2024 Korea Lodging Sale Festa.’
Samsung’s Semiconductor Innovation: Jeon Young-hyun, vice chairman of Samsung Electronics’ DS division, emphasized the need for rigorous self-reflection and innovation to restore the company’s status as the world’s leading semiconductor firm.
Binggrae’s Global Strategy: Binggrae plans to launch a plant-based version of its popular ‘Melona’ ice cream, replacing all dairy ingredients with plant-based alternatives to target the global market.
Hyundai Motor’s Design Exhibition: Hyundai Motor is collaborating with the Vitra Design Museum in Germany to host the ‘Plastic, New Discovery’ exhibition at Hyundai Motorstudio in Busan.
Technology and IT
Toss Bank and Gwangju Bank’s Collaborative Loan Service: Internet-only bank Toss Bank and regional bank Gwangju Bank have launched a new joint loan service called ‘Together Loan,’ marking the first collaboration of its kind in the financial sector.
Tingkware’s Vision A.I. Blackbox Launch: Tingkware has released the Vision A.I. Blackbox ‘iNavi QXD1 PLUS,’ which features deep learning technology.
SK Innovation and SK E&S Merger: SK Innovation and SK E&S’s merger plan has passed the shareholders’ meeting, drawing attention to the potential exercise of the dissenting shareholders’ right to sell their shares.
LG Electronics Expands North American Innovation Center: LG Electronics has opened its first branch in West Virginia, USA, to expand its North American Innovation Center (LG NOVA), focusing on healthcare and cleantech future businesses.
Culture and Arts
Artist Lee Kyo-jun’s New Works: Artist Lee Kyo-jun has opened a solo exhibition at PB Gallery, showcasing new works that explore flatness and division.
Pearl Abyss’s ‘Crimson Desert’ Demonstration: Pearl Abyss’s demonstration of ‘Crimson Desert’ at Gamescom 2024 has created a significant buzz among international media and gamers.
Seoul Foundation for Arts and Culture’s Classical Music Festival: The Seoul Foundation for Arts and Culture is hosting the ‘Han River Nodeul Island Classics’ outdoor classical music festival, featuring ballet and opera performances.
Lee Juck’s Solo Concert: Singer Lee Juck is set to release a new album and hold a solo concert at the Sejong Center for the Performing Arts in October, marking his first release in four years.
Jang Kang-myung’s Novel Adapted into a Film: Jang Kang-myung’s novel ‘I Hate Korea,’ which follows the life of a protagonist who emigrates to New Zealand, is set to be adapted into a film.
Society and Policy
Fukushima Wastewater and Tritium Removal Catalyst Development: A domestic research team has developed a new catalyst capable of removing tritium, a radioactive substance found in the wastewater released from Fukushima.
Korea Industrial Technology Association’s Unfair Trade Practices Support: The Korea Industrial Technology Association has established a center to support companies affected by unfair trade practices.
Spam Text Message Response Issues: Although spam text reports exceeded 200 million in the first half of this year, the budget for establishing a response system to illegal spam has been reduced.
Gyeonggi Province’s Real Estate Transaction Manipulation Detection: Gyeonggi Province detected six cases of false reporting of real estate transaction amounts to evade acquisition taxes, imposing 22 million won in additional taxes.
Approval for Redevelopment of Pungnap Misung Apartments: Pungnap Misung Apartments, located within Pungnap Fortress, have received approval from the National Heritage Administration for a redevelopment plan.
Finance and Investment
SC First Bank President’s Retirement: Park Jong-bok, president of SC First Bank, will retire on January 7th after a 10-year tenure and is expected to continue supporting the bank’s development as an advisor.
Kiwoom Securities’ Futures and Options Challenge: Kiwoom Securities is hosting a domestic futures and options weekly earnings challenge event until October 25th, encouraging individual customers to participate.
Korea Investment & Securities Expands ETF Service: Korea Investment & Securities has expanded its ETF installment investment service to retirement pension accounts and is offering events for service users.
Samsung and Qualcomm’s Automotive Memory Collaboration: Samsung Electronics is collaborating with Qualcomm on its premium automotive platform, Snapdragon Digital Chassis, to strengthen its position in the automotive memory market.
SK Innovation and SK E&S Merger Approval: The merger plan between SK Innovation and SK E&S has passed the shareholders’ meeting, with attention focused on the scale of the dissenting shareholders’ right to sell their shares.
Environment and Energy
Tritium Removal Catalyst Development: A domestic research team has developed a new catalyst to effectively remove tritium, a radioactive substance, potentially contributing to solving the Fukushima wastewater issue.
Hyundai Mobis Develops Mobility New Materials: Hyundai Mobis is accelerating the development of new mobility materials that reduce the use of rare metals while improving performance.
Bando Construction’s Fire Detection Technology Development: Bando Construction has developed a foldable electric laundry drying rack that automatically folds in response to fire detection, attracting attention in the market.
Daejeon City Hosts Seafood Festival: Daejeon City, in collaboration with the Ministry of Oceans and Fisheries, is hosting a seafood festival from August 30 to September 1 at Expo Hanbit Plaza, offering seafood at discounted prices.
Health and Welfare
Ministry of Health and Welfare’s Suicide Case Analysis: The Ministry of Health and Welfare analyzed psychological autopsies of suicide cases, finding that 96% of suicide victims experienced severe stress before their deaths.
Agana Women’s Clinic Supports Infertility Treatment: Agana Women’s Clinic is offering infertility treatment and pregnancy support programs to infertile patients in the Gyeongnam region, serving as a beacon of hope.
CJ OnStyle Shortens Payment Terms for Partners: CJ OnStyle has shortened the payment period for partners from an average of 12 days to 7 days and increased the advance cash payment rate to over 80%.
Seoul City and Korea Technology Finance Corporation Collaboration: Seoul City and Korea Technology Finance Corporation have signed a business agreement to link loans and contributions to enhance R&D achievements of SMEs.
Sports and Entertainment
Son Heung-min Named in EPL Best 11: Son Heung-min has been named in the EPL Round 2 Best 11 after scoring his first and second goals of the season in the second match of the English Premier League.
Violist Kang Hyun-bin Wins Grand Prize at Hong Kong International Music Festival: Violist Kang Hyun-bin won the grand prize in the Western Music category at the 11th Hong Kong International Music Festival.
Trump Hints at Withdrawing from September ABC Debate: Former U.S. President Donald Trump has hinted at withdrawing from the September ABC debate, revealing differences in opinions regarding microphone muting during the debate.
Son Heung-min’s Early Season Success Recognized by BBC and EPL: Son Heung-min’s outstanding performance in the early season has earned him a spot in the EPL Round 2 Best 11 and recognition from the BBC.