Korea Daily News (September 24, 2024)

Spy Law Amendment Discussion: The ruling party is focusing on amending the spy law and addressing issues related to public security investigation authority.
First New Town Redevelopment Bidding Begins: The bidding for the redevelopment of the first new towns in Seongnam, Bundang District, Gyeonggi Province, has officially begun, intensifying competition.
Dual Labor Market Structure Improvement: The Yoon Suk-yeol government is promoting policies to improve the dual structure of the labor market.

Fugitive Arrest Success: Gangwon Police Agency reported arresting and cracking down on 4,550 cases over seven months since the launch of the mobile patrol unit.
Drunk Driving Prevention Law Amendment: A new traffic law has been amended to punish drunk drivers who drink more alcohol to avoid breathalyzer tests.
Improvement of Working Conditions in Small Businesses in Chungbuk: The Ministry of Employment and Labor and local governments have signed a cooperation agreement to improve working conditions for workers in small food manufacturing companies in Chungbuk.

Samsung Electronics Establishes ESG Fund: Samsung Electronics announced the creation of a 1 trillion KRW ESG fund to support domestic partners in sustainable management.
U.S.-China Resource Competition: Western countries, including the U.S., are forming a financial network to counter China’s monopoly on natural resources.
Seoul and Gyeonggi Real Estate Prices: Apartment prices in Seoul are on the rise, and Gyeonggi Province sees population growth due to rising Seoul housing costs.
Biotech Stocks Surge: Biotech stocks have risen sharply, benefiting from expectations of interest rate cuts, with many ETFs showing top returns.
Tesla Stock Increases: Tesla’s stock surged amid expectations of increased vehicle deliveries in Q3.
KOSPI Expected to Rise: U.S. consumer recovery is expected to lead to export expansion and KOSPI growth later this year.
Korea Zinc Management Dispute: Executives at Korea Zinc have publicly supported Chairman Choi Yoon-beom amid a management dispute with MBK Partners and Young Poong.

Hansol Cloud AI Consultation Function: Hansol Inticube introduced an AI phone and KakaoTalk consultation function based on cloud technology.
Dell Data Breach: A hacker leaked personal information of Dell Technologies employees.
Samsung Electronics Launches V-NAND SSD: Samsung Electronics launched an 8th-generation V-NAND SSD for automotive use.
LG Electronics Launches Heat Pump Consortium: LG Electronics announced the formation of a global consortium to strengthen R&D in HVAC (heating, ventilation, and air conditioning) technologies.
Korea Exchange Korea Value-up Index: The Korea Exchange announced the constituent stocks and selection criteria for its industry-diverse Korea Value-up Index.

EU Establishes MSP Financial Network: The EU, Korea, and 14 other countries have established the MSP financial network to support private development.
U.S. Investment Firm Downgrades Microsoft: AI investments are burdening Microsoft’s short-term profits, causing it to fall behind Google and Amazon in the competition.
China’s Central Bank Stimulus Measures: The People’s Bank of China announced an economic stimulus measure by lowering the reserve requirement ratio by 0.5%.
Tanzania Nickel Mine Investment: The U.S. is expressing interest in investing in Tanzania’s nickel mines, joining the global resource competition.

Webzen ‘MU Online’ Update: Webzen added a new class called ‘Alchemist’ in the Season 20-1 update for MU Online.
Netflix Reveals ‘Geeked Week’ Game Lineup: Netflix unveiled new game lineups and related information at its fan event, Geeked Week.
Kakao Games ‘Path of Exile’ Event: Kakao Games started the Path of Exile streamer team fight event.
Supercell Brawl Stars Event: Supercell launched a limited-edition package in collaboration with Kellogg’s for its game Brawl Stars.
Nexon’s ‘MapleStory’ Compensation: Nexon announced compensation for players following controversies surrounding random-item probabilities in MapleStory.

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