Korea Daily News (September 5, 2024)

Society

University Student ER Refusal Incident: A student in cardiac arrest was refused treatment at an emergency room, transferred to another hospital, and remains in a comatose state.
Heo Kyung-young’s Religious Facility Raid: Police raided the religious facility “Sky Palace” operated by Heo Kyung-young as part of an economic crime investigation.
Kakao’s Major Crisis: Kakao is facing its biggest crisis since its founding, with the founder’s arrest and deepening labor-management conflict, with the labor union declaring negotiation breakdown.
Chungnam Beer Festival Success: The Chungnam beer festival in Yesan attracted a large number of visitors and concluded successfully.
Lee Jae-myung’s Spouse Summoned: Prosecutors have summoned Lee Jae-myung’s wife, Kim Hye-kyung, for investigation regarding allegations of misusing a Gyeonggi-do corporate card.

Seoul Art Festival Opens: A month-long art festival is underway across the nation, featuring exhibitions by emerging artists and popular docent tours.
Art Exhibition Success: The Francois Pinault collection of contemporary art is being showcased at the SongEun Art Foundation, attracting significant public attention.
Frieze Seoul & KIAF Art Fair Opening: Asia’s largest art fair, Frieze Seoul, and KIAF Seoul have opened, featuring a variety of artworks being exhibited and sold.
NewJeans Fans’ Open Letter: NewJeans fans have sent an open letter to HYBE and ADOR management, demanding the reinstatement of former ADOR CEO Min Hee-jin.

Samsung Electronics Stock Trends: Active stock trading is seen in Samsung Electronics, Rigakem Bio, and Hyundai Rotem, drawing strong interest from investors.
KODEX Money Market Active Fund Growth: KODEX Money Market Active has surpassed 1 trillion KRW in assets under management just one month after its listing.
Decline in International Oil Prices: Due to global economic sluggishness, oil prices have fallen below $70, with experts predicting further declines next year.
Wine Business Expansion: GS Retail has partnered with a major New Zealand wine company to expand its wine supply chain and enter the global wine market.
Samsung Welstory Supports K-Food: Samsung Welstory is providing tailored solutions to restaurants riding the K-food wave, as domestic food distribution companies actively target the restaurant industry.

Samsung Asset Management’s New Product: Samsung Asset Management has launched a new product aimed at capital market value enhancement, encouraging voting rights and the development of innovative investment products.
Successful Private Equity Buyout: SkyLake Equity Partners has successfully completed a buyout of the KOSDAQ-listed BusinessOn, acquiring over 95% of its shares.

Blockchain Console Launch: Mistin Labs has introduced a blockchain-based console on the Sui mainnet, attempting to merge blockchain technology with gaming.
Power Infrastructure ETF Growth: The power infrastructure industry is growing due to increased demand for AI and renewable energy, with related ETFs gaining attention.
Domestic Biotech Advancements: Korean biotech firms are focusing on bio-research, such as plant tissue cultivation, to develop pharmaceuticals and biotechnology products.
F&F Increases Female Employment Rate: F&F has expanded its business and increased the percentage of female employees to 60%, contributing to youth job creation.

Oil Prices at Record Low: Oil prices have fallen below $70 due to economic slowdown in the U.S. and China, with experts predicting further drops to $60 next year.
U.S.-China Economic Slump: The global economy is contracting, leading to poor economic indicators in both the U.S. and China, impacting oil prices.
NVIDIA Invests in Japanese AI Startup: NVIDIA has invested in a Japanese AI startup, strengthening collaboration in AI technology development.
Global Citizen Award: CJ Vice Chairperson Lee Mi-kyung has become the first Asian female business leader to receive the Global Citizen Award from the Atlantic Council.

TFT Global Tournament to Be Held: Riot Games is set to hold its second global offline tournament for Teamfight Tactics (TFT) in Macau, with competitors vying for victory.
NCsoft’s Lineage Remaster Update: Lineage Remaster celebrates its 26th anniversary with a large-scale update, including a new continent and dungeons.
Blizzard’s Warcraft New Content: Warcraft users are actively engaging with new dungeons and battle content through Blizzard’s latest update.
Pearl Abyss’s Black Desert Update: Pearl Abyss continues to update Black Desert, introducing new furniture and content related to “Land of the Morning Light.”
Smilegate’s Lord NINE Chuseok Event: Smilegate is hosting a Chuseok event in MMORPG Lord NINE, offering various rewards and traditional Korean hanbok skins.