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August 17

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August 10

  • Apple Revises App Store Policies in Europe
    1. Apple has revised its App Store policies in Europe to avoid fines from regulators; 2. The update includes mechanisms that allow developers to freely guide consumers to alternative payment options outside the App Store; 3. Apple previously introduced a system known as 'StoreKit External Purchase Link Entitlement' but faced criticism from the European Union for restricting promotional activities on preferred platforms.
    App StoreAppleRegulation

August 4

  • K-water and Environmental Public Institutions Strengthen Audit Capacity and Internal Control Cooperation
    1. K-water and three other environmental public institutions under the Ministry of Environment signed a cooperation agreement to enhance audit capacity and exchange. 2. The institutions will collaborate in areas such as audit expertise and quality improvement, capacity building through workshops, and sharing best practices in anti-corruption and integrity. 3. The agreement also includes cooperation in audit technique exchange, internal control, and audit capacity building through personnel support.
  • Kitchen Appliances Venture Outdoors: Fishing Boats and Campers
    1. Kitchen appliances are expanding their presence beyond the home, finding new roles in various outdoor settings; 2. Induction cookers with water purification capabilities are being used on fishing boats and in camping sites; 3. Electric grills and capsule coffee machines are becoming popular in glamping sites and accommodations, offering convenience and unique experiences.
  • China's Cloud Market Size to Reach $400 Billion by 2027
    1. China's cloud market is expected to grow over 3 times in the next 3 years; 2. The market size was $117 billion last year, with a 35.5% year-on-year increase; 3. By 2027, it is projected to reach $400 billion, with public cloud accounting for 74% of total cloud spending last year.
    ChinaCloud Computingmarket growth
  • Xbox to Unveil Multiple Titles at Gamescom 2024
    1. Xbox will be participating in Gamescom 2024, showcasing over 50 titles from various studios including Xbox Game Studios, Blizzard, Bethesda, and third-party partners; 2. Visitors will have the opportunity to experience hands-on demos of upcoming games such as Age of Empires: Retold, Ara: A History Untold, Diablo IV: Vessel of Malice, Fallout 76: Milestone Zero, The Elder Scrolls Online: Gold Road, Towerborn, and more; 3. Exclusive theater presentations for titles like Abowed, Indiana Jones: The Great Circle, Starfield: Shattered Space will also be held, along with showcases for third-party games like Star Wars: Outlaw, Space Marine 2, Atomfall, Stalker 2: Heart of Chernobyl.
    GamescomXboxgaming

August 3

  • How Much Will Big Tech Companies Invest in AI?
    1. Global AI investment is expected to reach $1 trillion in the coming years; 2. Microsoft has invested $13 billion in OpenAI, Amazon in Anthropic, and Google in various AI startups; 3. The exact amount spent by tech giants on their own AI development, including data centers and expert hiring, is not fully disclosed.
    AIinvestmenttechnology
  • Google to Unveil Latest Hardware at 'Made by Google' Event on August 13
    1. Google is set to unveil its latest hardware at the 'Made by Google' event on August 13, including the Pixel 9 series and the Pixel Watch 3; 2. The Pixel 9 series is expected to feature a foldable phone, the Pixel 9 Pro Fold, and will come in three models: Pixel 9, Pixel 9 Pro, and Pixel 9 Pro XL; 3. Android 15 and the Gemini AI-based features are anticipated to be showcased, with a focus on security and smart capabilities.
  • Apple's First Foldable Device Facing Possible Delay
    1. Apple's first foldable device, expected to be a foldable iPad or MacBook, may not enter mass production until 2025 or 2026. 2. The delay is attributed to concerns over display durability. 3. The anticipated release of the foldable iPad with a 20.3-inch display when unfolded and a foldable iPhone is now expected in the second half of 2026.

August 2

  • Infinitblock Selected as '2024 Excellent Venture Enterprise'
    1. Infinitblock, a startup specializing in virtual asset custody and electronic wallet services, has been selected as an excellent venture enterprise for 2024; 2. The company has secured 17 patents in areas such as blockchain, cryptography, and key management, demonstrating its strong technical capabilities; 3. Infinitblock plans to further solidify its business model and aims to expand its presence in overseas markets, aspiring to become a global enterprise.
  • Game Culture Foundation Expands Social Contribution to Enhance Game Accessibility for People with Disabilities
    1. The Game Culture Foundation and the Korean Muscular Dystrophy Association signed a business agreement to improve game accessibility for people with muscular dystrophy; 2. The foundation will donate assistive devices to help people with disabilities access games more easily; 3. The association will distribute and support assistive devices tailored to the physical difficulties of people with muscular dystrophy.
    게임사회공헌장애인
  • Impeachment Motion Against Broadcasting and Telecommunications Commissioner Jinsook Lee Passed in the National Assembly
    1. Jinsook Lee, the Broadcasting and Telecommunications Commissioner, faced an impeachment motion passed by the National Assembly; 2. Her duties were immediately suspended, with the Constitutional Court to make the final decision on the impeachment; 3. The ruling party members walked out during the vote, which was led by the opposition parties.
  • EU Enacts World's First AI Legislation
    1. The European Union (EU) has enacted the world's first AI legislation to promote the safe and responsible development and use of AI technology. 2. The law, which took effect on the 1st of this month, includes strict regulations for high-risk and generative AI systems. 3. The legislation sets a global standard with its risk-based approach and penalties for non-compliance.
    AIEURegulation
  • Lotte Wellfood's Operating Profit Soars 30.3% YoY in Q2
    1. Lotte Wellfood's operating profit surged due to the popularity of Zero Calorie ice cream; 2. Sales volume increased during the peak ice cream season and strong performance overseas, especially in India; 3. The company plans to expand its Zero Calorie ice cream lineup in the second half of the year.

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