Korea Daily News (September 12, 2024)

Politics/Society

  • Non-Owner Stock Wealth: A survey found that 27 non-owner individuals in South Korea have stock wealth exceeding ₩10 billion, with seven of them from the MZ generation (born after 1980).
  • Police Lost and Found Portal: During the Chuseok holiday, the “Police Lost and Found Portal” system will be launched to manage lost items at airports and other facilities nationwide.
  • Highway Rest Stop Food Price Surge: Ahead of Chuseok, food prices at highway rest stops have significantly increased, adding more burden to citizens amid high inflation.
  • Seun Sangga Demolition Plan: Seoul has announced plans to demolish the Seun Sangga elevated walkway, which was built at a cost of ₩110.9 billion.
  • North Korea Missile Launch Resumed: North Korea has resumed missile testing, launching several short-range ballistic missiles (SRBM) into the East Sea in a show of force.

 

Economy

  • U.S. Recession Fears: Concerns over a U.S.-led recession have unsettled South Korean retail investors, many of whom have traditionally favored U.S. stocks.
  • Small Apartment Supply Decrease: Next year, the supply of small apartments is expected to drop sharply, potentially worsening the supply-demand imbalance.
  • LH Paperless System Implementation: Korea Land & Housing Corporation (LH) is introducing a paperless system as part of its effort to strengthen ESG management.
  • Nuclear Reactor Construction Approved: After eight years of deliberation, South Korea’s Nuclear Safety Commission has approved the construction of two additional reactors at the Uljin nuclear power plant.

 

Technology/IT

  • Universal COVID-19 Vaccine Development: China’s Wuhan Institute of Virology claims to have developed a universal COVID-19 vaccine that can respond to all variants.
  • AI News Analysis Tools Popular: AI-based stock analysis tools like MK Signal are gaining popularity among individual investors due to increasing market volatility in the U.S.

 

International

  • Increase in North Korean Defections: Reports indicate that more North Korean residents are successfully escaping, generating envy among border residents.
  • BBC Live Broadcast Mishap: A BBC news anchor caused a stir after being caught using their phone during a live broadcast.
  • Mokbar Expands to Las Vegas: The Korean food concept “Mokbar” is set to open at Caesars Palace in Las Vegas, expanding Korean cuisine’s presence in the U.S.

 

Games

  • Steam Family Sharing Feature: Steam has officially launched its family sharing feature, allowing up to five family members to share purchased games while maintaining individual save data.
  • KBO 900M Fans Event in ‘Com2uS Pro Baseball’: To celebrate the KBO League surpassing 900 million spectators, Com2uS is hosting special in-game events with various rewards.
  • Odin: Valhalla Rising: Kakao Games has launched a special autumn event for ‘Odin: Valhalla Rising,’ offering exclusive in-game items and new dungeons for the Chuseok holiday.