Korea Daily News (November 7, 2024)

Politics

  • President Denies Allegations of Candidate Selection Involvement: President Yoon Suk-yeol dismisses allegations of involvement in candidate selection for former lawmaker Kim Young-jeon, stating that candidates for by-elections are generally pre-decided.
  • Clarification on Myung Tae-kyun Allegations: The presidential office clarifies that there was no communication with Mr. Myung Tae-kyun regarding the allegations, releasing related recordings.
  • Emphasis on Four Major Reforms: President Yoon highlights the importance of four major reforms to protect the livelihood and future of the people.
  • Post-Election Call with Trump: President Yoon speaks with Trump following his election victory, discussing potential cooperation in the shipbuilding industry.
  • Denial of Poll Manipulation Allegations: President Yoon denies having asked Mr. Myung for polling assistance or manipulation.
  • Apology in Public Address: In a public address, President Yoon apologizes for any shortcomings and promises to listen to the public’s concerns.

 

Economy

  • GS Retail’s Revenue Exceeds 3 Trillion KRW: GS Retail’s revenue in Q3 hits 3.0547 trillion KRW, a 3.7% increase from the previous year.
  • Increase in Meal Budget for Daegu Firefighters: The meal budget for Daegu firefighters is set to increase by 80% next year, significantly higher than the national average.
  • Wemade’s International Sales Growth: Wemade’s Q3 global sales reach 50 billion KRW, with growth driven by the social casino sector in North America and Europe.
  • Mirae Asset Securities Operating Profit Up: Q3 operating profit rises 114.2%, reaching 370.8 billion KRW, with a 19.2% increase in revenue.
  • New Product Launch by Korea Investment Trust Management: A short-term bond public fund, ‘Tomorrow Dream Fund,’ is launched through Korea Investment Securities.
  • NH Investment & Securities Raises Target Price: Following strong Q3 performance, the target price is raised from 98,000 to 113,000 KRW.

 

Real Estate

  • Introduction of Real Estate Fractional Investment Platform: Bbrick introduces its second property in Busan’s blockchain regulatory-free zone, expanding its investment platform.
  • Plan for Increased Apartment Supply: President Yoon holds a press conference at Yongsan Office, promising an increase in apartment supply and relaxation of green belt regulations.
  • Interest in Daewoo E&C’s Connection to Trump: Trump’s election victory draws attention to Daewoo E&C’s past involvement in constructing Trump Tower.

 

Finance

  • Launch of Debt Adjustment Program: Hana Bank announces a program to support installment repayments and debt adjustments for those in arrears.
  • Increase in Small Business Debt: More small business owners are unable to repay debts, with the credit guarantee agency’s subrogation amounting to 2 trillion KRW.
  • Rising Popularity of App-based Earnings: App-based earnings services, where users watch ads or take quizzes for rewards, are becoming increasingly popular.

 

International

  • Trump’s Presidential Victory: Trump is elected as the 47th president of the United States, with Bitcoin reaching a new all-time high and altcoins also surging.
  • Canada Orders TikTok’s Withdrawal: Citing national security risks, the Canadian government orders TikTok to withdraw its business from the country.
  • Record First Snow on Japan’s Mt. Fuji: Mt. Fuji experiences its latest first snowfall in 130 years, impacted by unusual warm temperatures.
  • Vice President Kamala Harris Concedes Election Defeat: Vice President Harris publicly acknowledges her defeat, emphasizing democratic principles.

 

Culture

  • Seoul Tourism Campaign Viewership Record: The global campaign video featuring BTS’s Jin reaches 570 million views.
  • Spotlight on KIA Cheerleader: KIA cheerleader Lee Joo-eun gains attention with her dance, with Taiwanese fans expressing interest following contract termination news.
  • Anticipation for BLACKPINK’s Korea Concert: BLACKPINK members prepare for their concert in Korea, expressing excitement about the energy of Korean fans.
  • ‘Madangnori Modem Jeon’ Performance: The National Theater celebrates 40 years of madangnori with a 10th-anniversary performance, showcasing classic plays.
  • UNESCO Intangible Cultural Heritage Listing: Traditional Korean jang-making culture is set to be listed as UNESCO Intangible Cultural Heritage.
  • Lack of Exercise Highlighted: A study reveals that Koreans average only 16 minutes of exercise daily, suggesting a need to incorporate heart-rate-raising activities.

 

Technology

  • AI Chatbot Recommends Autumn-themed Novels: AI chatbot suggests a list of novels set in autumn, including Han Kang’s ‘The Vegetarian.’
  • Korea Investment Trust Management’s Short-term Bond Fund: The launch of ‘Tomorrow Dream Fund’ for short-term bond investment.
  • Emphasis on Financial Security: The Financial Services Commission urges financial institutions to invest in security at a Financial Security Institute event.
  • Krafton’s ‘Krafton Jungle’ CSR Program: Krafton to showcase its CSR program ‘Krafton Jungle’ for digital talent development at G-Star 2024.
  • Blockchain Technology by Bbrick: Bbrick expands its real estate fractional investment platform by utilizing blockchain technology.

 

Games

  • Popularity of Pokémon Card Pikachu ex: Pikachu ex emerges as a dominant deck in Pokémon card game tournaments, with a strong competitive presence.
  • Summoners War World Finals Preparations: Com2uS prepares for the Summoners War World Arena Championship World Finals, releasing player profiles.
  • The Legend of Mir 2 Phantom Server Event: Wemade’s subsidiary IP announces a phantom server event that supports accelerated growth.
  • Lost Ark 6th Anniversary Event: Smilegate RPG celebrates Lost Ark’s 6th anniversary with special events and rewards.
  • Blizzard’s Hearthstone New Expansion Release: The ‘Endless Darkness’ expansion is released, featuring new cards and keywords.