Korea Daily News (October 1~2, 2024)

Domestic Over-legislation Issue: The 22nd National Assembly has proposed an excessive number of bills, raising concerns about the quality of legislation.
Tax Collection Efficiency: Between 2022-2023, Seoul’s Regional Tax Office only collected 48% of overdue taxes, prompting calls for improvements in tax collection systems.

Jeju Local Travel 100: Jeju Tourism Organization launched the ‘100-year-old Jeju Stone House Experience’ as part of a local travel initiative, combining wellness and workation programs, which has been well-received.
Globalization of K-Agriculture: The ‘K-Goodtrae Farming Method’ from Buyeo County in South Korea has been adopted in Uzbekistan’s rice farming, highlighting the global export of Korean farming techniques.
Netmarble Wins Medals at Disabled Rowing Competition: Netmarble’s rowing team won a total of 11 medals at the Seoul Mayor’s National Disabled Rowing Competition, showcasing their sportsmanship.

KOSPI Outlook: The KOSPI is expected to remain within the 2450-2800 range in October, with the U.S. election and Q3 earnings being key factors.
Consumer Prices: The September consumer price index recorded its lowest rise in 3 years, though fresh food prices remain high.
Tax Collection Issue: Seoul’s Regional Tax Office collected only 48% of overdue taxes in 2022-2023, raising concerns about the efficiency of tax collection.
GM Chevrolet Promotion: GM Korea is offering up to 4 million KRW in discounts for Chevrolet Trax Crossover purchases during its fall promotion.

Epic Games Lawsuit: Epic Games filed a lawsuit against Google and Samsung, accusing them of limiting competition in the app distribution market.
Generative AI Integration: Hancom launched ‘Hancom Docs AI,’ combining generative AI with its subscription-based document editing service, introducing a new paradigm for document work.
Google Korea 20th Anniversary: Google marked its 20th anniversary in Korea by highlighting its economic contributions and its role in spreading Korean culture globally.

Iran-Israel Tensions: Iran launched over 200 missiles at Israel, and President Biden expressed full support for Israel’s defense.
U.S. Presidential Election Debate: Trump and Vice President Harris exchanged sharp criticisms over responsibility for instability in the Middle East.
California Bans College Admission Privileges: California passed a law prohibiting preferential admissions for children of donors or alumni at major private universities.

AAA Game Releases: October will see the highly anticipated releases of ‘Silent Hill 2 Remake’ and ‘Diablo 4’s expansion Vessel of Hatred, exciting many gamers.
KBO Postseason Sponsorship: Com2uS secured the official sponsorship for the 2024 KBO postseason and will hold various events for baseball and gaming fans.
Kakao Battleground Donation Event: Kakao Games is hosting a donation event in support of soldiers suffering from psychological difficulties during military service.

Busan International Film Festival Opening: The 28th Busan International Film Festival opened with ‘Jeonran,’ directed by Park Chan-wook and starring Kang Dong-won, as the first OTT opening film.
Han So-hee Update: Actress Han So-hee shared an update on her work on ‘Gyeongseong Creature 2,’ garnering attention from fans.
Son Dam-bi Pregnancy Announcement: Son Dam-bi announced her pregnancy, expecting her first child in April next year, during a TV show, receiving warm congratulations.

Valorant Champions Tour: Shin Freesia Gaming won the Valorant Champions Tour Ascension Pacific, securing their promotion.
OK Financial Group Rugby Team: OK Financial Group’s rugby team is aiming for a championship at the National Sports Festival, with coach Oh Young-gil expressing his passion for Korean rugby.
Nexon Youth Programming Challenge: The online preliminary rounds for the Nexon Youth Programming Challenge (NYPC) have concluded, and the finalists have been confirmed.

Dormant Deposit Refund System: There are calls for improvement as financial institutions have failed to properly implement agreements to return dormant deposits to their rightful owners.
Debate on Revisions to the Handset Distribution Act: The Handset Distribution Act (DanTongBeop) remains controversial as it has failed to reduce communication costs as intended.

Contact us