Korea Daily News (November 18, 2024)

Politics

  • 1.7% of cabinet members are from the corporate sector: Representative Ahn Cheol-soo highlighted the low participation rate of corporate professionals in government, citing Elon Musk’s nomination as a U.S. administration official.
  • Seoul proposes E-9 visa expansion: The city officially suggested including transport workers to address workforce shortages.
  • Investigation of the President’s couple’s accusations: Changwon Prosecutors’ Office began an inquiry into a transferred case involving the President and First Lady.
  • Enhanced authority for fire safety funds discussed: Legislation to grant allocation authority to the Fire Safety Agency is under parliamentary review.
  • Disputes over rights members and Lee Jae-myung: Strategies are being discussed concerning Representative Lee’s public election law violations.
  • Controversial remarks within the Democratic Party: Representative Choi Min-hee faced sharp criticism from the opposing People Power Party.

 

Society

  • Seoul subway union strike decision: With 70.55% approval, the union announced plans to strike, with other unions potentially joining.
  • Military impersonation scams on the rise: Fake military personnel placing large orders and disappearing have caused significant losses to business owners.
  • Youth creativity support event: Smilegate’s Hope Studio organized a creative environment initiative in Jeonju with high community engagement.
  • Funeral for a family of independence activists: A state-level funeral was held for a family of three generations of independence fighters.

 

Economy

  • Housing price polarization intensifies: The gap between the most expensive and least expensive homes has widened to a 40-fold difference.
  • Lotte Group denies liquidity crisis rumors: The conglomerate officially refuted unfounded claims of financial instability.
  • Call for boosting SME R&D investments: Policies to encourage private-sector research and development investment were emphasized.
  • Concerns over South Korean stock market slump: Authorities activated a value-up fund to counteract excessive market declines.
  • Strengthened supply of autonomous robot batteries: LG Energy Solution diversifies its portfolio into the non-EV market.

 

Technology/IT

  • SK Telecom launches AI customer support system: Beta testing completed for its proprietary LLM-based contact center solution.
  • Hancom accelerates AI integration: The company announced plans to roll out major AI products for public and private sectors by the end of the year.
  • LG Electronics unveils all-season air conditioner: The “Whisen View” supports cooling, dehumidifying, and heating functions.
  • Renewable energy platform innovation: Korea Electronics Technology Institute (KETI) introduced a platform optimizing solar and wind energy usage.

 

International

  • Japan’s defense minister plans visit to Korea: Nakayama Gen’s trip, if realized, would mark the first in nine years.
  • Korea-Japan air route usage surpasses 20 million: Significant increase in passengers between the two countries.
  • U.S.-Korea economic cooperation grows stronger: Ongoing talks highlight enhanced bilateral economic strategies.
  • China explores expanded tech collaboration with Korea: Bilateral discussions aim to strengthen technological partnerships.

 

Real Estate/Construction

  • Reconstruction/redevelopment law urgency: The Ministry of Land called for legislative support while visiting project sites in Suwon.
  • Busan redevelopment disputes: Rising costs deepen conflicts between local redevelopment associations and contractors.
  • Yongsan hotel rebranding revealed: The newly named “Grand Mercure Imperial Palace Seoul Gangnam” debuts.

 

Games

  • Nexon garners longest queues at G-Star 2024: The sponsor drew massive attention with new releases and events.
  • Netmarble reveals Seven Knights Rebirth: The game reimagines its successful predecessor while addressing past shortcomings.
  • Soulers earns indie game acclaim: The bullet-hell shooter received high praise during G-Star demonstrations.
  • Nexon 30th anniversary orchestra performance: Game OSTs enchanted attendees at G-Star 2024.
  • Diablo 4 announces skill upgrades: Upcoming updates feature major improvements for various character classes.

 

Culture

  • Yoon Soo-il enjoys a second peak in fame: His iconic song “Apartment” sees a resurgence in popularity.
  • Leeum Museum highlights gender diversity: Free lectures and performances shed light on cultural inclusion.
  • MBC’s “Running Man” hairstyle controversy: Song Ji-hyo’s hippie perm sparked mixed reactions.
  • Yoon Seok-nam celebrated for feminist art: Retrospectives showcase her journey from homemaker to iconic artist.
  • National Gugak Center reenacts Joseon-era music: The Pilundae series revives traditional Korean music performances.
  • Pianist Yunchan Lim wins French classical music award: Recognized as “Artist of the Year” by a leading classical journal.

 

Environment

  • Renewable energy efficiency boosted by KETI: Announced innovations for solar and wind power platforms.
  • Starbucks supports sustainable farming: Provided 5,000 tons of coffee compost to farms over a decade.
  • Art projects address climate change: Collaborative efforts to raise awareness of environmental crises.

 

Health/Medical

  • Health insurance fraud exposed: Prolonged hospitalizations for unnecessary treatment under investigation.
  • Breakthrough in anti-aging enzymes: Korea’s first FDA-certified skin improvement enzyme announced.
  • Healthcare robot awards: Bodyfriend earned the “Korea’s Highest Brand” recognition for 12 consecutive years.

 

Industry

  • LG Energy Solution ventures into autonomous robotics: Expanding battery solutions into non-automotive sectors.
  • Bolt Creation enters European automotive market: Partnered with a UK manufacturer to enhance global presence.
  • Call for industry-led R&D initiatives: Associations emphasize corporate-driven innovation.

 

Sports

  • Hyundai dominates TCR races with second consecutive win: Showcased excellence in global touring car competitions.
  • KPGA honors Aourhome sponsorship: Celebrated achievements in golf sponsorship excellence.
  • Startup-backed golf tournaments celebrated: WEMIX Championship concluded with Kim Min-sun taking the trophy.

 

Finance

  • Concerns over South Korean stock market slump: Authorities activated a value-up fund to counteract excessive market declines.
  • App-based earning systems rise in popularity: Users engage in ad-viewing or other activities for rewards.