Korea Daily News (October 18, 2024)

Society

  • Car Pedal Misoperation Accidents: More than 2,000 accidents annually are caused by mismanaging the brake and accelerator pedals, rather than sudden unintended acceleration.
  • Yongsan Police Corruption Case: A police officer from the Yongsan Police Station in Seoul was arrested for embezzling seized goods, with ongoing concerns about corruption within the police force.
  • Special Forces Training Accident: A Special Forces non-commissioned officer was shot during a nighttime shooting drill, and military authorities are investigating the circumstances of the incident.

Economy

  • Hyosung Heavy Industries Q3 Performance Outlook: Hana Securities has raised the target price for Hyosung Heavy Industries, expecting its third-quarter performance to meet market expectations.
  • Hana Securities EcoProBM Outlook: EcoProBM’s third-quarter performance is expected to fall short of the consensus, leading to a downward revision of the target price.
  • Strong U.S. Stock Market: The U.S. stock market rose as key economic data improved, along with strong performance from semiconductor company TSMC.

Politics & International

  • Israel-Hamas Conflict: Israel revealed a strategy aimed at weakening Hamas’s control over Gaza by eliminating Yahya Sinwar, the leader of Hamas.
  • North Korea’s Hostile Nation Declaration: North Korea has officially revised its constitution to designate South Korea as an ‘enemy state.’
  • EU Summit Opens: Leaders of the 27 EU member states gathered in Brussels to discuss ways to enhance economic competitiveness.
  • Israel’s Attack on Gaza: The Israeli military confirmed the elimination of Yahya Sinwar, the top political leader of Hamas in Palestine.
  • Hawaii Tourism Mission: The Hawaii Tourism Authority held the 2024 Hawaii Travel Mission in Seoul, promoting travel to Hawaii.

Technology & IT

  • Hyundai Recruiting Tech Talent: Hyundai has begun recruiting experts to accelerate the development of next-generation batteries.
  • Kia Creative Exhibition: Kia held a solo exhibition to promote its “Opposites United” design philosophy.
  • Nexon FC Online Update: Nexon updated the 2024 roster for the soccer game “FC Online,” adding a variety of new player classes.
  • MapleStory World Global Launch: Nexon has soft-launched “MapleStory World” in North America, expanding into the global market.

 

Sports

  • BTS J-Hope Completes Military Service: BTS member J-Hope has completed his military service, with his bandmate Jin welcoming him back.
  • Baseball Player Retirement Announcement: The 2021 KBO Korean Series MVP has announced retirement at the end of the 2024 season, drawing attention.

 

Environment

  • Autumn Foliage Festival: The 2024 Autumn Foliage Festival is being held at Hwadam Forest in Gyeonggi Province, offering visitors a stunning view of autumn leaves.
  • Air Pollution Law Amendment Controversy: The government is pushing to strengthen regulations on nitrogen oxide emissions, but industries are pushing back, saying compliance will be nearly impossible.
  • Nationwide Storm Forecast: Starting on the 18th, a low-pressure system will bring strong winds and thunderstorms across the country, with heavy rainfall expected.
  • Hwadam Forest Autumn Festival Pre-Sale: Hwadam Forest has limited the number of visitors to 10,000 per day, with online pre-sale tickets for the Autumn Foliage Festival.

 

Education

  • Harvard Consulting Startup: A young entrepreneur from New Zealand, leveraging his experience of entering Harvard, has founded a consulting firm and now operates offices in 21 countries, including Korea.
  • Medical School Enrollment Expansion Discussion: The National Assembly’s Education Committee discussed the expansion of medical school enrollment and issues related to medical students taking leaves of absence.
  • Concerns Over Expertise: Experts in the non-ferrous metals sector expressed concerns over private equity acquisitions, calling for government intervention to protect key expertise.
  • Need for More Doctors: The government is considering increasing medical school enrollment in response to a projected shortage of doctors by 2035.
  • Teaching Methods Improvement Discussion: The National Assembly’s inspection of universities included discussions on improving teaching methods and upgrading educational facilities at medical schools.