Korea Daily News (November 26, 2024)

Politics

  • Legislation to Protect Vulnerable Workers: The People Power Party and the government have proposed the “Support Act for Vulnerable Workers,” aimed at freelancers and underprivileged labor groups.
  • Lee Jae-myung’s Expected Guilty Verdict: The Democratic Party leader faces potential conviction for perjury, causing internal turmoil within the opposition.
  • Gyeonggi Province Cooperation Secretary Controversy: Gyeonggi Provincial Assembly demands the dismissal of Kim Bong-gyun, citing his criminal record.
  • Russia’s Diplomatic Warning: The Russian deputy foreign minister criticized the U.S.-Japan missile deployment plans and called for strengthened cooperation with Southeast Asian nations.

 

Economy

  • Business Sentiment Index Hits Record Low: The BSI dropped to its lowest level in 20 months, although sectors like automotive showed resilience.
  • Woori Bank’s Qatar Plant Involvement: Secures a lead arranger role in a $5 billion finance project, boosting growth potential.
  • Decline in Major Retail Sales: Reduced shopping for daily necessities and preference for home meals resulted in lower sales at department stores and hypermarkets.
  • Startup Financial Support Enhancement: Collaboration with GoWith provides tailored financial solutions for startups.
  • Increase in Overseas Investments: Korean asset management companies expand investments in U.S. and European real estate and IT assets.

 

Industry/Technology

  • Hyundai AutoEver Launches ‘H Chat’: A generative AI-powered conversational service introduced to enhance work efficiency.
  • NVIDIA AI Innovation: Introduces technology that generates unique audio using simple commands.
  • LG Electronics Expands Glass Powder Business: FDA approval enables entry into the food packaging market.
  • Naver Webtoon Cracks Down on Piracy: Legal actions led to the closure of over 70 illegal webtoon sites.
  • Doosan Logistics Signs Major Contract: Automated logistics technology now handles 45,000 daily orders.

 

Real Estate/Construction

  • Decreased Transaction of Seoul Apartment Rights: Regulatory tightening leads to increased distressed sales and falling prices.
  • System for Improving Energy Efficiency in Old Homes: Technology introduced to analyze energy consumption data for better efficiency.
  • Redevelopment Prospects Grow: Eased regulations in parts of Seoul attract investor interest.
  • Discussion on Real Estate Tax Reforms: Experts and government officials consider easing the burden on multi-homeowners.
  • New Director for KICT: Park Sun-kyu appointed as head of the Korea Institute of Civil Engineering and Building Technology.

 

Finance

  • BC Card and Startup-Focused Corporate Card: A partnership with GoWith to launch tailored cards for startups.
  • Samsung Securities’ ISA Campaign: Highlights tax-saving benefits using real customer testimonials.
  • Rise in SME Loans: Government support results in a 15% year-over-year increase in loans for small businesses.
  • Impact of Loan Regulations on Transactions: Stringent rules challenge financing options for some buyers.
  • Growth in Convertible Bond Market: Increasingly seen as a key tool for securing new investment.

 

Gaming

  • Nexon’s ‘Dungeon & Fighter Middle Heaven’ Season Preview: Upcoming season introduces new content and collaborative events.
  • Com2uS Holdings Releases ‘Guiders Zero’: Combines dungeon exploration with roguelike RPG elements.
  • Riot Games Expands Cinematic Universe: New projects set in Noxus, Ionia, and Demacia announced.
  • Nexon’s ‘MapleStory’ Demon Slayer Collaboration: Features a global hit manga for engaging new players.
  • Gen.G Esports Announces 2025 Roster: Maintains key players and unveils plans for the new season.

 

Culture

  • Hong Sang-soo Wins International Film Awards: His latest work, In Water, received Best Film accolades.
  • Kim Kwang-seok Singing Contest: A third annual event to honor the late musician is scheduled for January.
  • Seoul Shilla Hotel’s Han Cuisine Showcase: Featured at a French fine dining event.
  • Im Young-woong’s Fan Club Charity Work: Donated washing machines and dryers to soldiers at the singer’s former military unit.
  • Digital Artist Exhibition Gains Traction: Collaboration with global brands highlights innovative works.
  • Samsung Opens Youth Support Center: Aims to stabilize housing for youths preparing for independence.
  • Starbucks Advent Calendar Craze: Gaining popularity among millennials.
  • End-of-Year Charity Campaigns Flourish: Corporations and individuals increase community engagement.
  • Cultural Heritage Digital Archive Initiative: National treasures to be preserved digitally.

 

Sports

  • National Soccer Team Matches Announced: Preparations underway for the Asian Cup in January.
  • EcoPro HN Employee Stock Subscription Success: Demand surpasses the offering in capital increase.
  • LG Electronics Global Service Competition: Showcases repair and consultation skills across multiple countries.
  • Figure Skating Queen Yuna Kim: Draws attention with social media interactions with her husband serving in the military.

 

Health/Medical

  • Winter Immunity Boost Campaign: Emphasizes maintaining body temperature to improve immunity.
  • Korean Medical Device FDA Approval: Opens new opportunities in global markets.
  • Cold Prevention Campaign Kicks Off: Free flu shots now available at public health centers.
  • AI-Powered Diagnostic Systems: Implementation of AI technology in major hospitals for better diagnostics.

 

Environment

  • Climate Change Response Strategy: Joint public-private initiatives toward carbon neutrality.
  • Building Energy Efficiency Technology: Improves energy usage in aging properties.
  • Expansion of Electric Vehicle Charging Infrastructure: Additional stations set up in key urban areas.
  • Solar Power Growth in Rural Areas: Renewable energy projects expand to agricultural zones.
  • Enhanced Air Quality Forecasting: New measures to combat high-density fine dust during winter months.