Korea Daily News (December 5, 2024)

Politics

  • Impeachment Proposal to Be Voted: The opposition party plans to vote on the impeachment of the president on the 7th, with some ruling party lawmakers also calling for voluntary resignation.
  • Martial Law Controversy: President Yoon Suk-yeol’s declaration and subsequent lifting of martial law have faced strong criticism from religious and political circles.
  • Declining Presidential Trust: Some ruling party lawmakers criticize the president for losing authority and trust from the public.
  • Religious Criticism: Religious groups such as the Catholic Church and Won Buddhism issued statements condemning the declaration of martial law.

 

Economy

  • Domestic Stock Market Decline: KOSPI fell nearly 1% due to foreign sell-offs, closing at 2,441.85.
  • Falling Apartment Prices: Despite the central bank’s interest rate cuts, strict loan regulations have caused apartment prices to drop for the third consecutive week.
  • Finance Influencers Prosecuted: The Financial Services Commission uncovered cases of unjust profits through stock recommendations.
  • Pension Efficiency Debate: The National Pension family-dependent allowance is criticized for providing insufficient support, prompting calls for reduced eligibility.
  • TDF2025 Investment Stability: Retirement pension investors face less than a 1% risk of loss when holding investments for five years.

 

IT/Technology

  • Google Cloud AI Model Announcement: Google unveiled its latest video AI model, ‘Veo,’ and image generation tool, ‘Imagen 3.’
  • AI-Driven Organizational Restructuring: SK Telecom reorganized its structure around telecommunications and AI for next year, appointing new executives.
  • Samsung CES 2025 Presentation: Samsung plans to unveil its “AI for All” strategy at CES 2025.
  • KT Safe QR Service: KT introduced a login-free service to prevent crimes involving QR code phishing.
  • Hancom Data Security Solution: Hancom released xDB 5.0, a solution integrating structured and unstructured data security technologies.

 

Industry

  • Next-Gen Semiconductor Equipment Development: Domestic companies focus on developing PECVD equipment for next-generation semiconductor processes.
  • Railroad Union Strike: Train cancellations and delays caused significant inconvenience to citizens.
  • Samsung Electro-Mechanics Achieves Zero Landfill Waste: All domestic and international sites received Platinum certification.
  • SK Innovation Restructuring: Focused on achieving synergies from mergers and improving business efficiency.
  • Classys Export Growth: Aesthetic medical company awarded $100M Export Tower.

 

Environment

  • Zero Landfill Certification: Samsung Electro-Mechanics achieved Platinum certification for all sites.
  • Eased Nitrogen Emission Standards: The Ministry of Environment is considering easing emission regulations at the industry’s request.
  • ESG Excellence Award: SC First Bank recognized for outstanding corporate governance.
  • Greenhouse Gas Reduction Talks: Cement industry engages in discussions to adjust NOx reduction standards.
  • Seoul’s Eco-Friendly Urban Plan: New recycling policies announced.

 

International

  • Korean Fermentation Culture Added to UNESCO Heritage: The traditional method of fermenting sauces has been designated as an Intangible Cultural Heritage.
  • U.S. Green Card Inquiries Rise: Demand for consultations increases despite stricter immigration policies.
  • International Trade Achievements: Domestic companies celebrated for their export milestones on Trade Day.
  • Japan Open Innovation Event: Twenty Korean startups showcased technologies in Tokyo.

 

Games

  • Global Launch of ‘Journey of Monarch’: NCSoft’s new title released in 241 countries, gaining rapid popularity.
  • ‘Sudden Attack’ Final Season: Offers 2024 season-themed weapons and skin upgrades.
  • Blizzard Free Trial: Call of Duty: Black Ops 6 offers a free trial period for players.
  • KakaoGames 500-Day Event: MMORPG ‘Ares’ marks its milestone with special rewards and events.
  • Ragnarok Winter Event: Players benefit from increased experience and drop rates.

 

Culture

  • Trending Drama/Movies: Netflix’s ‘Trunk’ explores the nature of love and societal norms.
  • Success of Busan International Film Festival: Foreign guest stays and attendance increased significantly.
  • Women in Film Award: Actress Ra Mi-ran receives the 2024 Women in Film Award.

 

Real Estate/Construction

  • Large-Scale Apartment Supply: Over 2,000 units to be supplied in Jeonju next January.
  • LH Presale Delay: Delays in presale finalizations cause financial losses for buyers.
  • Twin Tower Boom: Incheon to introduce the landmark “Cheongna Finance Center” twin towers.
  • Pyeongtaek Housing Development: Korea Land and Housing Corporation awards KRW 126.2 billion project to Gyeryong Construction.

 

Finance

  • Finance Influencers Prosecuted: Financial fraud schemes using stock recommendations uncovered.
  • Pension Efficiency Debate: Calls to reduce eligibility for family-dependent pension allowances.
  • TDF2025 Investment Stability: 5-year investment plans for retirees show minimal loss risks.
  • SNS Finance Scams Unveiled: Authorities discover large-scale fraud schemes through online financial advice rooms.

 

Health

  • Winter Burn Prevention: Tips include cooling burns with water and seeking emergency care for severe cases.
  • Kimchi Donation Drive: Com2uS supports disabled families by donating 800kg of kimchi.
  • National Health Policy Focus: Public health system stabilization amid political turmoil.

 

Society

  • Safety Award Ceremony: Seven citizens recognized for life-saving actions in emergencies.
  • Railroad Strike Impacts: Increased inconveniences due to ongoing wage-related strikes.
  • Winter Break Discounts: Travel apps and city events offer special promotions for students.
  • Weather Report: Rain or snow expected in central and western regions starting tonight.

 

Sports

  • Korea Baseball Association Meeting: Elected new chairman and discussed plans for the 2024 season.
  • Domestic eSports Events: New updates and character releases from global game developers.
  • Athletes’ Charity Work: Prominent sports figures actively support local communities.

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