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July 5
- DezunBizOn Aims to Transform with New Business Platform1. DezunBizOn plans to launch a new business platform called OmniEsol; 2. The company is accelerating the increase in cloud revenue share; 3. DezunBizOn is entering the data-driven financial services sector.
- President Yoon Appoints Yong Ho-sung as New Deputy Minister of Culture, Sports and Tourism1. Yong Ho-sung, with over 30 years of experience in cultural arts, content, and promotion, has been appointed as the new Deputy Minister of Culture, Sports and Tourism; 2. Yong holds a Ph.D. in Arts Management from Kyung Hee University and has a deep understanding of the President's policy philosophy and a strong ability to drive initiatives; 3. The appointment is expected to contribute to the realization of South Korea as a global cultural powerhouse.
July 4
- Hyundai Motor Union Announces Partial Strike for Two Days Starting July 101. Hyundai Motor Company's labor union decided to initiate a partial strike for four hours each day on July 10 and 11 due to difficulties in wage negotiations. 2. This would be the first strike in six years if it goes ahead. 3. Management and labor have met 11 times since June 23 but failed to narrow their differences, leading to the union's decision to strike.
- FTC Imposes Restrictions and a Fine of 5 Million Won on EduWill for Violating the Electronic Commerce Act1. The Fair Trade Commission (FTC) has imposed a corrective order and a fine of 5 million won on EduWill, an online learning company, for violating the Electronic Commerce Act. 2. EduWill was found to have advertised discount deadlines misleadingly, suggesting that discount offers would end on a certain date when they were actually extended. 3. The company also made unsubstantiated claims of a '9 out of 10 pass rate within 3 months' for its online job preparation courses, based on a non-representative survey of only 10 students.
July 3
- Activation Plan for Industrial Complex Solar Power1. The Korean government aims to expand solar power in industrial complexes. 2. The goal is to install 6GW of solar power by 2030. 3. The plan includes tailored support for businesses and a focus on public-led projects.
- Naver Stock Price Drops Below 160,000 Won Amid LineYahoo Issue and Treasury Stock Disposal1. Naver stock price continues to fall, breaking below the 160,000 won mark; 2. Concerns over the LineYahoo issue and decision to dispose of treasury stock contributing to the decline; 3. Naver Webtoon's listing on NASDAQ also seen as a negative factor for Naver's stock.
- Collaboration Tool 'JANDI' Surpasses 500,000 Downloads1. JANDI, a work collaboration tool by Toss Lab, has surpassed 500,000 downloads on Google Play; 2. It offers essential collaboration features such as topic-based chatting, file sharing, and schedule management; 3. JANDI is planning to release a beta version of 'AI-powered JANDI' in August, which will provide AI functionalities to paid users, including mobile support.
- Mobile Identity Verification for Overseas Residents1. Overseas residents can now use their local mobile phones for identity verification; 2. The 'Mobile Overseas Resident Identity Confirmation Certificate' service has been introduced; 3. The service is being piloted at seven locations, with plans to expand to all overseas missions.
- TV Home Shopping Faces Growth Cliff... 'Regulatory Easing and Government Intervention Urgently Needed'1. The conflict between TV home shopping operators and pay-TV platforms over broadcasting fees has intensified, and experts argue that government intervention is necessary to resolve the issue. 2. There is a call for regulatory relaxation to allow home shopping channels to compete more effectively with mobile-centric e-commerce platforms. 3. The need for a rational and specific broadcasting fee calculation standard, as well as a model for fair cooperation between the government and industry stakeholders, is emphasized.
- Apartmentmentary Launches Interior Design Products, Aims for 10 Billion Won Sales This Year1. Apartmentmentary introduces three new interior design collections to overcome constraints in Korean apartments; 2. The company aims to achieve 10 billion won in sales this year; 3. They plan to expand their business with a focus on IT, data utilization, and customer service infrastructure.
July 2
- ZD SW Today: Tidiji Acquires MS 'Security Specialization' and More1. Tidiji has acquired the Security Specialization from MS, a cloud security-focused technology; 2. Dinodo has launched Platform 9.0, which accelerates AI innovation by supporting natural language queries without the need for SQL knowledge; 3. HanCom Academy and Chosun University have partnered to strengthen Korean language education and promote Korean culture.
- Nexon's 'First Descendant' Launches Globally, Expectations High for Positive Reviews and Success1. Nexon's new game, 'First Descendant,' has launched globally, with high expectations for its success based on positive user reviews during testing; 2. The game is a fusion of shooting and RPG elements, offering high-quality visuals and dynamic combat, attracting over 2 million players during its public test; 3. With a variety of characters, weapons, and modules, 'First Descendant' promises a deep and engaging experience with multiple content types, including raids, dungeons, and special operations.
July 1
- TTA's Yeongnam SW Testing Center Celebrates 10th Anniversary1. Commemorating 10 years of service in Daegu and the surrounding regions; 2. Supporting local ICT convergence industries such as shipbuilding, robotics, and healthcare; 3. Expanding services to include functional safety verification for industries like automotive and medical technology.
June 29
- Kim Hak-jun, Playwith Korea Representative, Mourns the Loss of His Father1. Kim Byeong-jae (92) passed away; 2. Funeral service held at Seoul St. Mary's Hospital; 3. Burial to take place on July 1st at 7:30 AM at Namhangang Public Park Cemetery
June 28
- LG Koo Kwang-mo's 6 Years: Cultivating AI, Bio, and CleanTech1. Successfully transformed from a B2C to a B2B enterprise with a focus on future technologies; 2. Strategic investments in AI, biotechnology, and clean energy solutions; 3. Expansion into electric vehicle batteries and charging infrastructure.
- SparkLabs Group Leads AI Startup Accelerator Program in Saudi Arabia1. SparkLabs Group is leading the AI startup accelerator program 'AIM-X' in Saudi Arabia; 2. The program is part of the Saudi government's national initiative 'AI.M' to foster innovation in the AI sector; 3. Selected startups will receive up to $200,000 in investment and various growth support, including mentoring and networking opportunities.
- KAI Publishes Sustainability Report1. KAI has published its '2024 Sustainability Report', highlighting its sustainable management activities and achievements. 2. The report outlines the company's strategy for environmental, social, and governance (ESG) management, including its commitment to renewable energy, respect for human rights, and cooperation with local communities. 3. KAI has also announced its plans to expand solar energy installations across its facilities to achieve carbon neutrality goals and has declared its commitment to human rights management.
- Able Corp: Surge in Orders for Self-Made Phone Cases on Marketplace1. Self-made phone case orders and transaction volume increase; 2. Search volume for 'handmade phone cases' up 135%; 3. Selected marketplaces show significant growth in transaction volume.
June 27
- Melon Introduces AI for Automatic Optimal Sound Effects and Volume Standardization1. Melon, a music platform by Kakao Entertainment, has integrated AI technology to automatically apply optimal sound effects based on the analysis of music characteristics. 2. The 'EQ AI Master' feature adjusts specific frequency bands to enhance or reduce sound qualities, making it easier for users to enjoy high-quality audio without complex manual adjustments. 3. Additionally, Melon has introduced 'Volume Optimization' technology to standardize the volume of all music tracks, ensuring a consistent listening experience and reducing sudden volume changes.
- Hyundai Motor CEO Hopes to Reverse Electric Car Slump with Casper Electric at Busan Mobility Show1. Hyundai Motor CEO, Jang Jae-hoon, expressed optimism about the potential of the Casper Electric to reverse the slowdown in electric vehicle demand during the 2024 Busan Mobility Show. 2. The Casper Electric, set to launch in August, will use HLI Greenpower batteries, reflecting Hyundai's proactive approach to battery supply. 3. Jang also discussed Hyundai's plans for hydrogen value chain business and the upcoming IPO in India, highlighting the company's strategic moves in global markets.
- Upbit Revamps Staking Service for Enhanced User Convenience1. Upbit, a digital asset exchange, has revamped its staking service to improve user convenience. 2. The update includes intuitive user experience (UX) and user interface (UI) designs, allowing users to visualize their asset status and view real-time returns in Korean Won. 3. Features such as 'Today's Reward' and detailed staking status tracking have been added to enhance transparency and ease of use.
- SK Stoa and Happy Nara Partner to Foster Social Enterprises1. SK Stoa has signed an MOU with Happy Nara to support social enterprises and expand their market through home shopping. 2. The partnership aims to enhance the competitiveness of social enterprises by providing product consulting and expanding sales channels. 3. SK Stoa plans to actively support the quality management and sales of competitive social enterprise products through its broadcasting network and online malls.
- Buzzni Provides Commerce AI Subscription Service to CJ OnStyle1. Buzzni, a company specializing in artificial intelligence, has partnered with CJ OnStyle to provide its Commerce AI subscription service 'A Plus AI'. 2. The service includes AI technologies such as A Plus Shortform AI, which automatically selects highlight clips from long videos, significantly reducing video editing time. 3. This collaboration aims to enhance the efficiency of video editors and support the digital transformation and revenue growth of partner companies.
- Hanwha Solutions and Daehan Cable Collaborate on High-Voltage Cable Business1. Hanwha Solutions has partnered with Daehan Cable to advance the domestic production and early commercialization of high-voltage cable materials, aiming to expand globally. 2. The companies have signed an MOU to establish a strategic partnership for global business cooperation, focusing on developing high-value-added products such as HVDC and high-voltage cable materials. 3. Through this collaboration, Hanwha Solutions plans to enhance the quality of its cable materials and increase export比重 through joint marketing, while Daehan Cable intends to explore business opportunities in eco-friendly industries using Hanwha Solutions' expertise in renewable energy.
- Samsung Electronics Exhibits Olympic Athlete Photos Shot with Galaxy S24 Ultra in Various Locations in Paris1. Samsung Electronics has collaborated with the city of Paris to showcase Olympic photos taken with the Galaxy S24 Ultra. 2. The '2024 Paris Olympic Art Campaign' features a collaboration between renowned French photographer Raymond Depardon and his son Simon Depardon. 3. The campaign displays color photos taken with the Galaxy S24 Ultra alongside historical black and white photos by Raymond Depardon, showcasing both new and traditional Olympic sports.
- David Wang, Huawei Director, Emphasizes 5G Advancements for the Mobile AI Era1. David Wang, Huawei's ICT Infrastructure Managing Board Chairman, emphasized accelerating the development of 5G advanced technologies from the perspectives of 'AI for network' and 'network for AI' to create new business values. 2. Huawei showcased 5G advanced commercial cases and the blueprint of evolved 5G at MWC Shanghai, highlighting 5G advanced as essential for the mobile AI era. 3. The article predicts that 2024 will mark the beginning of the mobile AI era with the commercialization of 5G advanced and other AI devices, playing a crucial role in popularizing intelligent services.
- Wantedlab Participates in Japan's Largest Startup Conference 'IVS2024'1. Wantedlab announced its participation in the 'IVS2024' startup conference in Kyoto, Japan, scheduled from July 4th to 6th. 2. The event aims to address the talent bottleneck issue in the Japanese startup market through a 'Career Networking' session. 3. Wantedlab, along with local partner 'Rafract', will operate as the official HR partner, facilitating matches between talents interested in startup employment and companies.
- Chinese Brand Anu Unveils World's First AI Deepfake Detection Smartphone1. Chinese mobile brand Anu has introduced a smartphone with on-device AI technology capable of detecting deepfake during video calls, alerting users to potential fraud. 2. The technology demonstrated its effectiveness by warning users when a caller's face was altered using deepfake technology. 3. Anu's CEO emphasized the importance of this technology due to a 3000% increase in online scams involving deepfake technology.
- Outstanding Evaluation for LifeBio, Daegu Gyeongbuk Institute of Science and Technology, and Kimchi Research Institute1. The Korea Institute of Bioscience and Biotechnology, Daegu Gyeongbuk Institute of Science and Technology, and the World Institute of Kimchi received outstanding evaluations in the 2024 first-half national research and development performance evaluation. 2. The evaluation covered 208 projects from 21 government departments, with 52 projects rated as excellent, 110 as average, and 46 as insufficient. 3. The Ministry of Science and ICT plans to use the evaluation results for rewarding outstanding achievements, adjusting budgets, and improving projects.
- China's Telecom Giants Showcase Advanced Technologies at MWC Shanghai1. Chinese telecom companies showcased a range of advanced technologies including AI, satellite communication, and quantum computing at MWC Shanghai. 2. The exhibition highlighted the integration of AI in various sectors such as cybersecurity, vision AI, and public services. 3. China's progress in satellite communication and quantum computing was also demonstrated, showing significant advancements in these fields.