Korea Daily News (December 4, 2024)

Politics

  • Yoon Suk-yeol’s Martial Law Controversy: President Yoon Suk-yeol declared martial law but revoked it within six hours. This has drawn domestic and international criticism for undermining democracy. The National Assembly swiftly passed a resolution to revoke the law, but political aftershocks continue.
  • Opposition Parties Preparing for Impeachment Vote: Six opposition parties are gearing up to vote on President Yoon’s impeachment, with debates intensifying between supporters and opponents.
  • Domestic and International Reactions: Medical and religious sectors strongly opposed the martial law declaration, while the U.S., EU, and Japan expressed significant interest.

 

Economy

  • Domestic Stock Market Weakens: The martial law incident caused a market slump, though some thematic stocks surged dramatically.
  • Mastern Investment Management for Sale: The second-largest real estate investment firm in Korea is now up for acquisition.
  • Stock Buybacks by Celltrion and Hanwha: Celltrion (₩562.9 billion) and Hanwha (₩10.4 billion) announced major stock buyback plans to enhance shareholder value.

 

Industry

  • Hyundai and Kia’s Success in the U.S.: Hyundai and Kia achieved record-breaking sales in the U.S. despite weak domestic demand.
  • Recycling Technology for Tire Molds: Hankook Tire & Technology is developing a recycling technology for discarded tire molds.
  • Samsung’s AI Appliance Partnership: Samsung offers travel discounts to AI Subscription Club customers who purchase home appliances.

 

Real Estate/Construction

  • Yongsan Development Projects: The Yongsan Electronics District will be transformed into a complex featuring public housing and high-tech facilities.
  • Reconstruction of Yongsan Asia Apartment: Plans announced to redevelop the complex into a 36-story residential building.

 

International

  • China Pushes Semiconductor Independence: Following U.S. sanctions, China encourages increased use of domestic semiconductors.
  • Tokyo Introduces Four-Day Work Week for Officials: Tokyo to implement an optional four-day work week for government employees starting next year.

 

Technology/IT

  • Meta Opts for Nuclear Energy: Meta shifts to nuclear power as a sustainable energy alternative for its data centers.
  • Netflix Announces Cooking Survival Show Season 2: Netflix begins casting for Season 2 of its popular cooking competition show.

 

Gaming

  • LCK Photography Exhibition: League of Legends Champions Korea to host a photography exhibition celebrating major achievements.
  • Cookie Run: Kingdom Holiday Update: Cookie Run adds new cookies and combat features in its holiday-themed update.
  • Blue Archive Introduces New Character: Blue Archive launches a summer-themed story and a new character update.

 

Environment/Health

  • Carbon Neutrality Discussions: The Central Green Environment Support Center holds talks on long-term solutions for climate and environmental issues.
  • WE Hotel Christmas Dinner Event: WE Hotel Jeju prepares a festive Christmas Eve dinner buffet.

 

Culture

  • Seoul Chamber Society Performance: Scheduled for December 17, with the theme “Music Born of Solitude.”
  • Pioneer in Korean Musical Theater: Actor Nam Kyung-joo’s 40-year career highlighted for contributions to popularizing musicals.
  • Korean Fermentation Culture Recognized by UNESCO: Korea’s traditional sauce fermentation culture added to UNESCO’s Intangible Cultural Heritage list.

 

Weather

  • Partly Cloudy Nationwide: Light snow or rain expected in some areas during the morning. Daytime highs range from 2°C to 11°C, with chilly conditions forecast.