Korea Daily News (September 12, 2024)

Politics/Society

  • Non-Owner Stock Wealth: A survey found that 27 non-owner individuals in South Korea have stock wealth exceeding ₩10 billion, with seven of them from the MZ generation (born after 1980).
  • Police Lost and Found Portal: During the Chuseok holiday, the “Police Lost and Found Portal” system will be launched to manage lost items at airports and other facilities nationwide.
  • Highway Rest Stop Food Price Surge: Ahead of Chuseok, food prices at highway rest stops have significantly increased, adding more burden to citizens amid high inflation.
  • Seun Sangga Demolition Plan: Seoul has announced plans to demolish the Seun Sangga elevated walkway, which was built at a cost of ₩110.9 billion.
  • North Korea Missile Launch Resumed: North Korea has resumed missile testing, launching several short-range ballistic missiles (SRBM) into the East Sea in a show of force.

 

Economy

  • U.S. Recession Fears: Concerns over a U.S.-led recession have unsettled South Korean retail investors, many of whom have traditionally favored U.S. stocks.
  • Small Apartment Supply Decrease: Next year, the supply of small apartments is expected to drop sharply, potentially worsening the supply-demand imbalance.
  • LH Paperless System Implementation: Korea Land & Housing Corporation (LH) is introducing a paperless system as part of its effort to strengthen ESG management.
  • Nuclear Reactor Construction Approved: After eight years of deliberation, South Korea’s Nuclear Safety Commission has approved the construction of two additional reactors at the Uljin nuclear power plant.

 

Technology/IT

  • Universal COVID-19 Vaccine Development: China’s Wuhan Institute of Virology claims to have developed a universal COVID-19 vaccine that can respond to all variants.
  • AI News Analysis Tools Popular: AI-based stock analysis tools like MK Signal are gaining popularity among individual investors due to increasing market volatility in the U.S.

 

International

  • Increase in North Korean Defections: Reports indicate that more North Korean residents are successfully escaping, generating envy among border residents.
  • BBC Live Broadcast Mishap: A BBC news anchor caused a stir after being caught using their phone during a live broadcast.
  • Mokbar Expands to Las Vegas: The Korean food concept “Mokbar” is set to open at Caesars Palace in Las Vegas, expanding Korean cuisine’s presence in the U.S.

 

Games

  • Steam Family Sharing Feature: Steam has officially launched its family sharing feature, allowing up to five family members to share purchased games while maintaining individual save data.
  • KBO 900M Fans Event in ‘Com2uS Pro Baseball’: To celebrate the KBO League surpassing 900 million spectators, Com2uS is hosting special in-game events with various rewards.
  • Odin: Valhalla Rising: Kakao Games has launched a special autumn event for ‘Odin: Valhalla Rising,’ offering exclusive in-game items and new dungeons for the Chuseok holiday.

Korea Daily News in English

  • Seoul shares snap 7-day fall on tech gains
    by Yonhap on September 12, 2024 at 8:02 am

    Seoul shares closed higher, snapping a seven-day losing streak, on Thursday led by tech gains, with investors expecting the Federal Reserve's rate cut next week after the release of US inflation data. The Korean won traded higher against the US

  • [Today’s K-pop] Seventeen’s Jeonghan to enlist late this month
    by Hwang You-mee on September 12, 2024 at 7:47 am

    Jeonghan of Seventeen will begin serving his mandatory military duty on Sept. 26, his agency Pledis Entertainment announced Thursday. He will be the first member of the 13-piece act to enlist. He will serve as an alternative social agent, as he had a

  • 1 in 4 Korean workers extend Chuseok holiday with paid leave: survey
    by Moon Ki-hoon on September 12, 2024 at 7:43 am

    Chuseok is one of South Korea’s two biggest traditional holidays, bringing families together under the full moon to wish for a bountiful harvest and honor ancestors. But for hardworking ordinary people in Korea, the holiday's true signific

  • Blackpink's Lisa wins second Best K-pop award at MTV VMAs
    by Hong Yoo on September 12, 2024 at 7:22 am

    Lisa of Blackpink, who is also a solo artist, won the Best K-Pop award at the MTV Video Music Awards for the second time. The ceremony took place Wednesday at the UBS Arena in New York City. Lisa clinched the Best K-Pop award with her song "Rock

  • Is NewJeans leaving Hybe?
    by Hong Yoo on September 12, 2024 at 7:22 am

    K-pop group NewJeans has issued an ultimatum against Hybe, demanding the reinstatement of Min Hee-jin as CEO of Ador, by the deadline of Sept. 25. The request was announced during a livestream they held on YouTube Wednesday evening, the post about wh

  • OB acquires Jeju Soju, eyes bigger presence abroad
    by Kim Hae-yeon on September 12, 2024 at 7:00 am

    Korea’s largest beer maker Oriental Brewery is seeking to expand its presence in the global soju market amid the rising popularity of the nation’s traditional rice liquor around the world. According to the company, OB, owned by Belgian br

  • What comes after love? Ex-lovers cross paths in new Coupang Play series
    by Lee Yoon-seo on September 12, 2024 at 6:42 am

    Featuring Japanese heartthrob Kentaro Sakaguchi and Korean actor Lee Se-young, the upcoming Coupang Play's romance series "What Comes After Love" explores a timeless question: What happens when former lovers unexpectedly cross paths on

  • Why NK is back to firing missiles after monthslong hiatus?
    by Ji Da-gyum on September 12, 2024 at 6:36 am

    North Korea fired multiple short-range ballistic missiles into the East Sea from the Pyongyang area Thursday morning, the South Korean military said, marking its first missile launch since July 1 and breaking a more than two-month lull in missile pro

  • Finance chief vows tighter control on household debt
    by Im Eun-byel on September 12, 2024 at 6:27 am

    Finance Minister Choi Sang-mok pledged Thursday to control rising household debt and thoroughly take care of the payment crisis involving e-commerce platforms Tmon and WeMakePrice. "The increase in mortgage loans, led by growing housing transact

  • [Photo News] Making Songpyeon for Chuseok
    by Korea Herald on September 12, 2024 at 6:21 am

    S-Oil CEO Al-Hejazi (right) poses for a photo with a child while making Songpyeon, a traditional Korean halfmoon-shaped stuffed rice cake, in collaboration with the Loveaid Foundation at the company’s headquarters in Mapo-gu, Seoul, on Thursday

  • New season, new members, new ideas: Global Biz Forum kicks off fall run
    by No Kyung-min on September 12, 2024 at 6:17 am

    The 6th edition of The Korea Herald’s Global Business Forum kicked off its three-month run in Seoul on Wednesday, with a packed agenda aimed at sparking discussion on global business trends and opportunities in an era of rapid change. The f

  • Seoul to hold public hearing on Sewoon regeneration
    by Lee Jaeeun on September 12, 2024 at 6:11 am

    The Seoul Metropolitan Government announced Thursday that it plans to host a public hearing on the proposed amendments to the Sewoon District Urban Regeneration Plan on Sept. 23. The hearing will gather citizen feedback on various regeneration projec

  • PM vows stern action over 'blacklist' of nonstriking doctors
    by Park Jun-hee on September 12, 2024 at 6:10 am

      Prime Minister Han Duck-soo on Thursday vowed to take stern action against those behind what is being referred to as a "blacklist" allegedly created anonymously by some doctors to shame nonstriking doctors and medical students, amid

  • Life sentence finalized for killer in Sillim rampage
    by Jung Min-kyung on September 12, 2024 at 6:06 am

    The Supreme Court on Thursday finalized life imprisonment for 34-year-old Cho Seon who carried out a stabbing rampage near Seoul's Sillim Station in 2023, leaving one person dead and three others injured. The top court upheld lower courts'

  • Samsung’s yearly dilemma looms: Exynos vs. Snapdragon
    by Jo He-rim on September 12, 2024 at 6:05 am

    A seasonal dilemma looms over Samsung Electronics’ flagship Galaxy S phones: using more its own Exynos processors or sticking to rival Qualcomm’s Snapdragon chips. Samsung has poured considerable resources for years into equipping its mos

  • Nvidia CEO hints at possibility using Samsung to make GPUs
    by Jo He-rim on September 12, 2024 at 6:04 am

    Nvidia CEO Jensen Huang raised the possibility of fabricating its cutting-edge graphic processing units at foundries other than Taiwan-based TSMC, making Samsung Electronics a likely alternative. At Goldman Sachs Communacopia and Technology Conferenc

  • S. Korea asked to join Latvia-led drone coalition for Ukraine
    by Lee Sun-young on September 12, 2024 at 5:36 am

    Latvia has asked South Korea to join a global coalition to supply Ukraine with thousands of drones, according to officials in Seoul on Thursday, as military drones are becoming increasingly critical in its ongoing war against Russia. The invitation

  • Samsung produces industry’s first 1-terabit QLC 9th-gen V-NAND
    by Jie Ye-eun on September 12, 2024 at 5:31 am

    Samsung Electronics, the world's No. 1 memory chipmaker, said Thursday it has begun mass production of its one-terabit quad-level cell ninth-generation vertical NAND, solidifying its leadership in the high-capacity and high-performance NAND flas

  • Pulmuone launches frozen gimbap in China
    by Hwang Joo-young on September 12, 2024 at 5:25 am

    South Korean food giant Pulmuone said Thursday that it has become the first Korean food company to introduce frozen gimbap into the Chinese market by selling its products at a leading retailer there. Pulmuone’s Tuna Kimbap, sold in packs of thr

  • HD Hyundai, Hanwha push zero-emissions agenda at Gastech 2024
    by Moon Joon-hyun on September 12, 2024 at 5:24 am

    Shipbuilding rivals HD Hyundai and Hanwha Group are gearing up for Gastech 2024, the world’s largest energy sector exhibition, held from Tuesday to Sept. 20 in Houston. Attracting over 50,000 attendees and more than 800 companies, the event wil

  • Posco Future M inks W1.8tr cathode supply deal
    by Byun Hye-jin on September 12, 2024 at 5:16 am

    Posco Future M said Thursday it has signed a 1.8 trillion won ($1.4 billion) deal to supply high-nickel cathode materials for electric vehicle batteries with a battery maker. The details of the agreement including the other signing party will not be

  • Hyeri’s teen flick ‘Victory’ embroiled in ‘ticket hoarding’ rumor
    by Kim Da-sol on September 12, 2024 at 5:14 am

    Singer-turned-actor Hyeri’s latest teen cheerleading flick “Victory” was embroiled in a rumor that people related to the movie have hoarded tickets to increase sales, causing production firm Mind Mark to release a statement. Accordi

  • [Photo News] Glimpse into SKT's AI strategy
    by Korea Herald on September 12, 2024 at 2:36 am

    SK Telecom welcomed 35 UCLA eMBA students to its Seoul headquarters on Wednesday, offering an exclusive look into its innovative AI strategies. The nation's top telecom carrier delivered presentations on its AI Pyramid Strategy and outlined pl

  • S. Korea to provide $2m to typhoon-hit Vietnam
    by Yonhap on September 12, 2024 at 2:07 am

    South Korea will provide Vietnam with $2 million in humanitarian assistance to help cope with the aftermath of a strong typhoon that killed more than 150 people, the foreign ministry said Thursday. The government hopes that the provision will help wi

  • Bail granted to SPC chairman under trial for anti-labor charges
    by Yonhap on September 12, 2024 at 2:00 am

    A court on Thursday approved a bail request by Hur Young-in, the chair of bakery giant SPC Group, who is currently standing trial on charges of coercing bakers to quit their labor union. The 74-year-old bakery mogul was arrested in April and has sinc

  • [해커스 TOEIC] 토익 점수 Up 단어, Part 5 문제
    by Korea Herald on September 12, 2024 at 1:00 am

    2) 파트 5 3문제 1. The deadline for the annual report is fast approaching, so the manager asked the staff to work -------. (A) quick (B) quickness (C) quickest (D) quickly 해석 연간 보고서의 마감 기한이 빠르게 다가오고 있기 때문에, 그 관리인은 직원들에게 빨리 작업하라고 요청했다. 해설 부사 자리 채우

  • Iraq expected to conclude deal to buy S. Korea's missile defense system next week: reports
    by Yonhap on September 12, 2024 at 12:53 am

    Iraq is set to buy South Korea's homegrown medium-range, surface-to-air missile defense system, called Cheongung-II, with a deal expected to be concluded next week, according to Iraqi media reports Thursday. The reports said that Iraq's def

  • Seoul shares open higher on US gains
    by Yonhap on September 12, 2024 at 12:49 am

    Seoul shares opened higher Thursday, tracking tech-led gains on Wall Street, as investors expect the Federal Reserve's rate cut after the release of US inflation data. The benchmark Korea Composite Stock Price Index (Kospi) rose 1.2 percent, or

  • Biden nominates Lieut. Gen. Xavier Brunson as new US Forces Korea commander
    by Yonhap on September 12, 2024 at 12:21 am

    US President Joe Biden has nominated Lieut. Gen. Xavier Brunson, the commander of I Corps, to lead the South Korea-US Combined Forces Command, the Pentagon said Wednesday, a nomination ahead of the Nov. 5 presidential election. If confirmed, Brunson