Korea Daily News (October 22, 2024)

Seoul Guarantee Insurance IPO Retry: Seoul Guarantee Insurance has passed its preliminary IPO screening after a year and is preparing for its re-listing attempt.
Lotte Construction ESG Activity Report Released: Lotte Construction has published a report detailing its performance in sustainable management and ESG (Environmental, Social, Governance) practices.
Keyang Electric Share Price Surge: Keyang Electric saw its stock price rise by over 20% after securing a motor supply contract with Hyundai and Kia.
KOSPI Decline: KOSPI fell below the 2600 mark due to foreign and institutional investor sell-offs, exacerbated by the rise in U.S. Treasury yields.
Yellow Umbrella Fund Loan Surge: Loan amounts under the Yellow Umbrella Fund have surged threefold over the past three years, drawing attention in the financial market.
Savings Bank Fixed Deposit Rate Drop: Savings banks have rapidly lowered interest rates for fixed deposits, with 4% deposit products disappearing quickly.

Raccoons Sighted in Incheon: Wild raccoons have been frequently sighted in parks and streams in downtown Incheon, prompting the government to deploy rabies prevention measures.
Increase in Lonely Deaths: In 2023, the number of lonely deaths increased to 3,661, compared to 2022, becoming a growing social concern.
Heavy Rain Warning in Busan: A heavy rain warning has been issued in Busan, causing road accidents and continuing downpours.
Gwangju Fire Department Special Investigation: Gwangju Fire Department’s special judicial police are investigating a man in his 60s for assaulting a paramedic without cause.

Korean Sports Chairman Testifies in National Assembly: Lee Ki-heung, chairman of the Korea Sports Council, testified in the National Assembly, addressing key issues in the sports sector.
Veterans Minister Kang Jung-ae’s Remarks: Minister of Patriots and Veterans Affairs Kang Jung-ae answered questions on major veterans’ issues during a National Assembly inspection.
President Yoon’s Mention of Kim Gun-hee Special Investigation: President Yoon Suk-yeol mentioned the ongoing special investigation into First Lady Kim Gun-hee and hinted at possible personnel changes.

“Culinary Class Wars” TV Show Set to Air: To celebrate the 35th anniversary of the Grand InterContinental Seoul Parnas, the show “Culinary Class Wars: Cooking Hierarchy Battle” will air.
BLACKPINK Rosé & Bruno Mars Collaboration Success: BLACKPINK’s Rosé has gained significant popularity with her new song “APT.”, a collaboration with Bruno Mars, pushing YG PLUS to a steady rise in the music charts.
Seoul Gastronomy Week: The city of Seoul will host the “2024 Seoul Gastronomy Week” from November 8 to 14, showcasing top restaurants in the city.

Hyundai AutoEver Software Certification: Hyundai AutoEver’s vehicle software platform ‘Mobilgene Classic 2.0’ has passed global quality assessments, gaining international trust.
Quant Tech AI Investment Support Event: Quant Tech, in collaboration with KB Securities, is hosting an investment support event offering up to 1.2 million won in funding.
Shinhan Asset Management AI ETF Ranking First: Shinhan Asset Management’s ‘SOL US AI Power Infrastructure’ ETF ranked first among domestic AI-related ETFs based on 1-month and 3-month returns.
App Tech Popularity Soars: App tech services are growing rapidly, offering users rewards for watching ads or completing tasks, and gaining widespread popularity.
Mobility Simulation Technology Promotion: Global mobility simulation leader ‘dSPACE’ is promoting its technology and expanding collaborations with Korean companies.

EU Venture Investment Expansion: The European Union (EU) has partnered with leading venture capital firms to enhance investments in European tech innovation through the creation of a “Trusted Investor Network.”
Japan’s First Rate Hike in 17 Years: Japan raised interest rates for the first time in 17 years, which is expected to increase the burden on companies with high debt.
China’s Panda Diplomacy Gains Attention: Two pandas loaned by China arrived in the U.S., reigniting interest in China’s panda diplomacy.
Hyundai Construction and South Australia Agreement: Hyundai Construction signed an agreement with South Australia to collaborate on renewable energy and the construction market.
Trump Relies Heavily on Donations for Presidential Campaign: Former President Donald Trump is reported to rely heavily on donations from billionaires to fund his upcoming election campaign.

T’way Air Supports Kyrgyzstan Youth Soccer Program: T’way Air provided free shipping for 1,004 soccer balls to support youth soccer programs in Kyrgyzstan, strengthening cultural exchanges.
KIA Tigers Predicted to Win Korean Series: In a survey conducted by Com2uS, 72% of KBO League fans predicted the KIA Tigers to win the Korean Series.

Raccoons Sighted in Incheon and Rabies Prevention: Raccoons have been frequently sighted in Incheon’s urban areas, prompting authorities to distribute rabies vaccines in affected areas.
Seoul Silver Grass Festival: Seoul World Cup Park’s Silver Grass Festival is attracting citizens with various activities amid the beautiful autumn scenery.
ESG Agreement for Future Mobility: KG Mobility has signed an ESG (Environmental, Social, Governance) agreement with the IUCN to cooperate in the development of environmentally friendly future mobility.

Yellow Umbrella Fund Loan Surge: Loans backed by contributions to the Yellow Umbrella Fund have surged threefold over the past three years.
Savings Bank Deposit Rate Drop: Interest rates for fixed deposits in savings banks have fallen sharply, with 4% deposit products rapidly disappearing.
Quant Tech AI Investment Support Event: Quant Tech is conducting a promotional event offering investment support funds through a lottery system.
SOL US AI ETF Performance Increase: Shinhan Asset Management’s ‘SOL US AI Power Infrastructure’ ETF topped the charts in terms of 1-month and 3-month returns.

Keyang Electric Secures Major Motor Supply Contract: Keyang Electric secured a 280 billion won motor supply contract with Hyundai and Kia, attracting significant attention.
Hyundai Construction South Australia Agreement: Hyundai Construction signed a partnership agreement with South Australia to expand into the renewable energy and construction sectors.
Hyundai AutoEver Software Certification: Hyundai AutoEver’s vehicle software platform ‘Mobilgene Classic 2.0’ passed global quality certification, boosting its reputation.
Lotte Construction Publishes ESG Report: Lotte Construction released its ESG (Environmental, Social, Governance) report, detailing sustainable management activities.
Musinsa Standard Sales Surge: ‘Musinsa Standard’ saw a 162% year-over-year sales increase during its FW season Super Sale.

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