Korea Daily News (October 29, 2024)

Economy

  • Upbit Coin Gathering Investment Increases: Reached 30,000 users and 60,000 setting cases, with Bitcoin surpassing $70,000.
  • NYSE Extends Trading Hours: U.S. stock trading is expected to become more convenient during the daytime in Korea.
  • Expansion of Housing Supply Plan: Housing supply to be expanded in regions such as Hwaseong-Dongtan and Goyang-Changneung, raising concerns about rising house prices.
  • HD Hyundai Oilbank Tire Recycling: Supplying recycled carbon black from tires to Hankook Tire, contributing to the development of eco-friendly industries.
  • Samsung Electronics Q3 Sales: Recorded sales of 2.6153 trillion KRW, with growth driven by AI and vehicle components markets.
  • Hanwha Ocean Q3 Performance: Recorded sales of 2.7031 trillion KRW and operating profit of 25.6 billion KRW, with an increase in sales but a decrease in operating profit.
  • Apclon Secures 31 Billion KRW in Funds: Raised funds through convertible bonds and third-party allocation, successfully attracting investments in bio-healthcare.

 

Society

  • Women’s Handball Team Rescues Driver: Members of the Busan Facilities Corporation Handball Team saved a driver in a car accident, earning late recognition for their bravery.
  • Dark Web Marijuana Sales Case: A man in his 20s sold 2.6 billion KRW worth of marijuana via the dark web, and was sentenced to prison in the second trial.
  • Quick Payment of Insurance Claim: A person claimed 13 million KRW in hospital fees after surgery and received the full payment the next day, highlighting quick insurance processing.
  • Safety Awareness Survey: After the Itaewon disaster, 90% of the public expressed concerns about accidents, calling for government safety measures.
  • Expansion of Parental Leave Benefits: Central and local government officials will now have their entire parental leave period recognized for promotion, with the leave allowance cap increased.
  • Stricter Regulations on Camping Reservation Platforms: The Fair Trade Commission will hold platforms accountable for cases where actual camping site conditions differ from the photos provided.

 

Technology/IT

  • KETI Supports AI Self-Manufacturing: Supporting four companies in electronics, machinery, and food sectors with AI-driven self-manufacturing systems.
  • Neowiz Game Discount Event: Popular games such as Lies of P, Sanabi, and Skul are available at discounted prices on Steam.
  • AI-Based Flower Distribution Platform: Flora Lounge secures up to 7 billion KRW through the Ministry of SMEs and Startups’ TIPS program, aiming to innovate flower distribution with AI.
  • Meta AI Feature Development: Meta is reportedly developing an AI search function that crawls the web to provide real-time answers.

 

International

  • U.S. Presidential Election and Bitcoin Price Surge: Bitcoin prices continue to rise ahead of the U.S. presidential election.
  • Sado Mine Forced Labor Memorial Service: A memorial service was held at the Sado Mine, a site where Koreans were forced to work during the Japanese colonial period.
  • Oasis Ticket Scalping Controversy: The band Oasis canceled tickets and resold them after prices soared on the secondary market, sparking controversy.
  • Japanese AV Actress Visits Seodaemun Prison: A Japanese actress posted a video of her visit to Seodaemun Prison in Korea on her YouTube channel, drawing attention.
  • Japanese House of Representatives Election Controversy: A female supporter wore a short skirt while campaigning for a specific candidate, causing a stir.

 

Sports

  • Korean Series Baseball Final: Kia Tigers pitcher Kwak Do-kyu received attention for shutting down Samsung Lions’ offense with a scoreless performance.
  • 2024 MLB World Series: As the MLB World Series finals progress, there is growing interest in the location of the victory parade.
  • Outstanding Performance of Domestic Baseball Players: Kia Tigers’ Kwak Do-kyu received praise for his scoreless pitching against Samsung.
  • Global Valorant Tournament: The ‘SVL 2024’ will take place in December, featuring renowned global teams.

 

Culture

  • Special Viewing at Gyeongbokgung Palace: Gyeongbokgung’s Geoncheonggung, where Empress Myeongseong was assassinated, will be opened to the public for special viewings.
  • BBC Proms Concert in Korea: The BBC Proms, a global classical music festival, will hold a performance in Seoul, featuring classical, jazz, and contemporary music.
  • Actors Shin Goo and Kang Bu-ja to Receive Cultural Medals: Shin Goo and Kang Bu-ja will be awarded the Silver Crown Cultural Medal at the Korean Popular Culture and Arts Awards.
  • BLACKPINK’s Rosé Collaborates with Bruno Mars: Rosé’s collaboration with Bruno Mars has entered the top 10 of the Billboard charts.
  • First Solo Exhibition by Artist Kim Jae-won: Kim Jae-won’s first solo exhibition, ‘draw happiness’, will be held at the Maru Art Center in Insa-dong, Seoul.
  • Actress Nam Bo-ra Announces Marriage: Actress Nam Bo-ra has announced her marriage, expressing her gratitude on Instagram.

 

Games

  • Krafton to Participate in G-STAR 2024: Krafton will showcase various projects and provide demo opportunities, along with a variety of events for visitors.
  • Nexon Youth Coding Education Program: Nexon is fulfilling its social responsibility by running a coding education program for youth.
  • Lineage W Collaborates with ‘Shin Amhaeng-eosa’: NCSoft’s Lineage W has launched a collaboration update with the popular manga ‘Shin Amhaeng-eosa’.
  • World of Warcraft Dungeon Update: Blizzard announced changes to extend dungeon timers by 90 seconds and adjust death penalties.
  • Krafton’s PUBG Global Series Tournament Concludes: The PUBG Global Series 5 ended with Twisted Minds winning the championship.
  • Tales Runner Mobile RPG Release: Newly established company Blomix will release a mobile RPG based on the Tales Runner IP later this year.
  • Webzen ‘MU Monarch 2’ Update: The MMORPG will introduce new Abyss content, including ‘Kalutan Ruins’.

 

Finance

  • Shinhan Card Joins Alternative Data Consortium: Shinhan Card has joined a consortium to analyze consumer behavior using alternative data.
  • Eugene Investment & Futures Signs Agreement with KakaoPay Securities: The two companies have signed an agreement to expand access to overseas derivative products.
  • NH Investment & Securities Joins Southeast Asia Exchange: NH Investment & Securities became the first in the industry to acquire membership in Southeast Asia’s largest alternative asset exchange, Alta Exchange.
  • Samsung Finance Network’s Retirement Pension Ad Success: Samsung Finance’s retirement pension ad has surpassed 10 million views on YouTube, marking a successful campaign.
  • Financial Innovation Award: Toss Securities received the Financial Innovation Award from the Financial Services Commission for its contribution to the development of finance.