Korea Daily News (September 25, 2024)

Politics/Society

  • Recruitment of new employees: Shinhan Investment Corp. announced that they are accepting applications for the second half of 2024 until October 7.
  • Autonomous taxi operation: Autonomous taxis are being test-operated in the Gangnam and Seocho areas of Seoul, with free service until they become paid next year.
  • Distortion of law controversy: Ahn Cheol-soo, a member of the People Power Party, criticized the Democratic Party’s legislation on law distortion, calling it a bad law.
  • Gangnam real estate transactions: Real estate in the Gangnam area, including a building at Sinsa Station (165 billion KRW) and a commercial property in Cheongdam-dong (260 billion KRW), is actively traded.
  • Goyang City office relocation rejection: Goyang City expressed strong regret after Gyeonggi Province rejected the city’s office relocation project.
  • Strengthening housing loan regulations: From October, regulations on housing loans for single homeowners will be strengthened, with exceptions for those meeting the real demand criteria.

 

Economy

  • Increase in subscription savings interest rates: The interest rate on subscription savings accounts has increased by 0.3 percentage points, and the tax deduction limit has been expanded to 3 million KRW.
  • Reduction in communication costs: The optional contract discount system helped save 1.38 trillion KRW in annual communication costs, sparking criticism of mobile carriers.
  • Unfair food advertising exposed: The Ministry of Food and Drug Safety cracked down on online companies that engaged in unfair food advertising.
  • CES 2025 registration: CES 2025 opened its registration, unveiling new exhibition halls and programs.
  • Increase in housing-related loan interest rates: Housing-related loan interest rates have increased by 0.1-0.45 percentage points, expanding from a focus on the capital area to nationwide.

 

Technology/IT

  • Samsung-Hyundai partnership: Samsung Electronics has partnered with Hyundai Motor to apply the IoT platform ‘SmartThings’ to software-centric cars.
  • New gaming mouse by Logitech: Logitech released a new wireless gaming mouse, the ‘PRO X SUPERLIGHT 2 DEX.’
  • Blockchain technology partnership: Entroy and Aptos have entered into a partnership to commercialize next-generation blockchain technology.
  • Industrial robot IPO: Now Robotics has submitted a preliminary review application to the KOSDAQ for its IPO in the second half of the year.
  • Visa antitrust lawsuit: Visa, the world’s largest debit card payment company, faces an antitrust lawsuit over its dominance in the debit card market.

 

International

  • Israel-Lebanon tensions escalate: Tensions between Israel and Hezbollah are rising, with concerns of ground warfare in Lebanon.
  • Concerns about U.S. recession: Wall Street and the International Monetary Fund (IMF) continue to express concerns about a potential U.S. recession.
  • Genocide criticism: Turkish President Erdogan compared Israel to Hitler, urging the UN to impose sanctions.
  • U.S. consumer sentiment declines: U.S. consumer sentiment has fallen to its lowest level in three years, raising concerns about a recession.
  • Visa debit card antitrust lawsuit: Visa faces an antitrust lawsuit as it seeks to maintain its market share in the debit card market.
  • Lebanon-Hezbollah conflict: The CSIS warned of a prolonged conflict between Lebanon and Israel, citing threats from rockets and drones.

 

Games

  • Tokyo Game Show 2024: The Tokyo Game Show 2024 is set to be the largest ever, with major game companies unveiling highly anticipated titles.
  • ArcheAge Chronicle revealed: Kakao Games unveiled the new title ‘ArcheAge Chronicle,’ a sequel by XL Games.
  • Com2uS Pro Baseball V24 popularity: The mobile baseball game ‘Com2uS Pro Baseball V24’ continues its strong sales momentum.
  • Blue Archive new character: Nexon’s ‘Blue Archive’ introduced new characters and in-game events.
  • Tekken 8 player joins T1: Tekken 8 player ‘iMusician’ Park Min-hyung joined the T1 team, attracting attention.
  • Yu-Gi-Oh! meta overhaul: Konami has made significant adjustments to the Yu-Gi-Oh! card game meta, with several major themes now restricted.

 

Culture/Arts

  • Cho Yong-pil’s first album in 11 years: Cho Yong-pil, known as the ‘King of Music,’ is set to release his 20th album next month, his first in 11 years.
  • Miss Korea 2024 winner: Kim Chae-won, a student at Yonsei University majoring in media and communications, won the title of Miss Korea 2024.
  • Opera ‘Turandot’ in Korea: The world-renowned opera ‘Turandot’ from Verona, Italy, will be performed in Seoul this October.
  • Hungarian National Dance Company performance: The Hungarian National Dance Company will perform in Korea for the first time, showcasing traditional Hungarian dance.
  • Korean Art Symposium: The Korean Art Academy will hold a symposium in Seoul to celebrate its 70th anniversary.
  • Jarasum Jazz Festival: Yamaha Music Korea will officially sponsor the Jarasum Jazz Festival, one of the world’s leading music and sound companies.