Korea Daily News (September 20, 2024)

Secondary damage to victims of rental fraud: 75% of rental fraud victims in Gyeonggi Province are struggling with housing maintenance and repairs. After the initial fraud, additional damages have been incurred in housing upkeep, and demands for government support are growing.
Goyang City pushes benchmarking for integrated early childhood education: Goyang City in Gyeonggi Province is benchmarking the childcare policies of Australia and New Zealand to implement integrated early childhood education (combining kindergartens and daycares). The plan is to introduce nature-friendly and play-based education to improve the quality of childcare.
Increase in reconstruction apartment transactions: Due to the government’s August 8 real estate supply measures, the number of transactions for reconstruction-eligible apartments in major cities like Seoul has surged. The expectation of reconstruction is positively affecting the market.

Hotel Shilla receives ISO 50001 certification: Hotel Shilla’s duty-free shops are the first in the industry to receive the ISO 50001 international standard certification for energy management systems. Their energy-efficient management practices have been recognized.
LG Display accelerates Guangzhou plant sale: LG Display is in the process of completing the sale of its Guangzhou plant in China, having bought back 10% of Skyworth’s shares. Strategic changes in the Chinese market are anticipated.
Kim Kyo-tae of Samjong KPMG reappointed for the 4th time: Kim Kyo-tae, CEO of Samjong KPMG, has been reappointed for the fourth time, extending his term until 2029. This rare reappointment signals expectations for continuous growth and stable management of Samjong Accounting Corporation.
Increased sales of summer products in convenience stores: Due to the autumn heatwave, the demand for summer products like ice cream and ice cups has risen. Convenience stores are boosting sales through discount promotions.

API non-disruption technology patent: WeBearSoft has acquired a second patent for its dynamic API configuration gateway device and method. This technology allows for real-time API service control without disruption.
Samsung Electronics and SK Hynix expect a sales surge: Samsung Electronics and SK Hynix are expected to achieve record sales in the third quarter of 2023. The companies’ performance in the global semiconductor market is being positively evaluated.
LG Electronics expands AI-based smart appliance lineup: LG Electronics is expanding its lineup of AI-based smart home appliances. These products, designed to maximize user convenience, are receiving favorable responses in global markets.
API Gateway technology patent: WeBearSoft has obtained a patent for a gateway technology that allows real-time API control and uninterrupted service.

LIG Nex1 exports Cheongung II to Iraq: LIG Nex1’s mid-range surface-to-air missile interception system “Cheongung II” has been exported to Iraq. This large-scale export of a domestically developed weapon system to the Middle East defense market is significant.
Six South Koreans detained in North Korea, their status remains unknown: The South Korean government released a message to North Korea on the 4000th day of missionary Kim Jung-wook’s detention. The status of six South Koreans detained in North Korea remains unclear, and international efforts for their release are needed.
US-China trade tensions escalate: Trade disputes between the US and China are intensifying. Both countries continue to compete for dominance in advanced technology, with significant global economic repercussions expected.
Putin’s aide warns of nuclear war risk: A close aide to President Putin warned that if Ukraine strikes Russian territory with Western weapons, it could lead to nuclear war. This highlights the severity of the Russia-Ukraine conflict.

RagnarokX and Fist of the North Star collaboration: Gravity is currently hosting a collaboration between the 3D MMORPG “RagnarokX: Next Generation” and the popular Japanese manga “Fist of the North Star.” The event will continue until October 19.
BladeM launches service: The mobile MMORPG “BladeM” officially launched on the 20th. The game features a minimalist system and easy accessibility, providing various content for players.
P’s Lies, new DLC announcement expected: The popular game “P’s Lies” is set to announce a new DLC for its first anniversary. The developers plan to incorporate fan feedback to improve and expand the game’s content.
Nexon’s new game ‘Super Vibe’ begins alpha testing: Nexon’s new game “Super Vibe” is undergoing alpha testing from September 20 to 22. This battle sandbox genre game focuses on character growth and teamwork to achieve victory.

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