1 - Samsung electronics workers on strike
A union representing 30,000 Samsung Electronics workers in South Korea has called for an indefinite strike over pay and benefits after management refused to negotiate. Despite union claims of production disruptions, Samsung asserts operations are unaffected. About 6,500 workers are striking, with shares slightly impacted. This comes as Samsung's profits soar due to AI-driven demand for advanced chips.
2 - Doosan Robotics and Bobcat merger closely looked at
Doosan Group's plan to make Doosan Bobcat a subsidiary of Doosan Robotics has stirred controversy. Critics argue this move aims to improve Robotics' finances by leveraging Bobcat's cash flow. Concerns over the fairness of the exchange ratio and the potential undervaluation of Bobcat's shareholders have been raised. The reorganization will merge a new investment entity holding 46% of Bobcat with Doosan Robotics, resulting in Bobcat's delisting.
3 - The Korean government to invest in the K-drama industry, and its exportation
The Ministry of Culture, Sports and Tourism, with the Korea Creative Content Agency, is expanding the Series on Board program to support Korean production companies in global markets. The program, successful last year, will be broadening its scope to dramas, documentaries, and entertainment TV. Key institutions will assist in collaboration, investment, and promotion, aiming to boost Korean content's international presence.
4 - South Korea to launch anti-aircraft laser warfare
South Korea will deploy a laser weapon to counter enemy drones this year, aiming to be the first to operate such a system. The $72.5 million deal with Hanwha Aerospace will produce a weapon that disables drones by raising temperatures to over 700°C. Developed since 2019, this system is cost-effective and silent, with potential future upgrades to counter larger threats. The move follows North Korean drone intrusions in 2022.
5 - Gustative experience, Kimchi cheddar croissants
The croissant filled with kimchi and cheese has become a popular treat in New York. The patisserie is pretty expensive ($8,5), and considered as an exceptional product. The kimchi-cheddar croissant is boxed in a bag that is “so nice it could almost be used as a purse.”
6 - BTS’s Jin carrying the Olympic torch in Paris :
Jin of BTS carried the torch for the 2024 Paris Summer Olympics on Sunday, greeted by cheering fans. He led the Louvre Museum section of the relay, expressing gratitude to his supporters and ARMY who were delighted to see him in France after a while. Jin recently completed his military service and is expected to focus on solo activities in the coming months.
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