October 4th Key News Briefing: New York Stock Market Falls, CSAT Test Prep Scandal, Baedal Minjok Industrial Accidents, Nobel Prize in Physics, Asian Games Results

2023-10-03 23:01:57

????️ October 4th Key News Briefing ???? Today’s Key News ① New York stock market falls all at once due to concerns regarding prolonged high interest rates ② [단독] There were also ‘problem deals’ with CSAT test preparation teachers, and instructors from the Big 3 academies and Ilta ③ [단독]The first place in industrial accident approval this year is ‘Baedal Minjok’ ④ Nobel Prize in Physics awarded to 3 scientists who made it possible to detect ‘1/100th of a second’ ⑤ [아시안게임] Gold medal in men’s team event of Baduk, bronze medal in men’s 400m relay following 37 years ???? Key news briefing
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① The New York stock market fell simultaneously due to concerns regarding prolonged high interest rates. All three major New York stock market indices fell early this morning. This is interpreted as a result of the steep rise in government bond yields, strong employment indicators, and the continuation of the Federal Reserve’s hawkish remarks, increasing concerns regarding a prolonged period of high interest rates. Growing concerns regarding prolonged high interest rates: Rising government bond yields are considered a negative factor for the stock market as they reduce future profits for companies and increase borrowing costs. U.S. long-term Treasury yields have reached their highest level since 2007. This is because concerns are growing that the Federal Reserve will maintain high interest rates longer. Employment is showing strong results, with last month’s U.S. job announcement released yesterday exceeding both the previous month’s figure and market expectations, and regional Federal Reserve presidents are supporting concerns by saying one following another that “maintaining high interest rates is appropriate.” Technology stocks down: Interest-rate sensitive technology stocks took a hit. Apple (0.78%), Microsoft (2.61%), NVIDIA (2.82%), Amazon (3.66%), Meta (1.92%), Alphabet (1.3%), and Netflix (0.94%) all fell. Tesla (2.02%), Rivian (8.33%) and Lucid (2.89%) also fell. (???? Chosun Biz, Hankyung TV)

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② [단독] There were also ‘problem dealings’ with CSAT test preparation teachers, Big 3 academies, and instructors from Ilta. Not long ago, 22 current teachers with experience in CSAT test preparation were caught selling problems to other private education companies over the past five years. The Chosun Ilbo exclusively reported today that the private education companies that purchased the problem from them included the Big 3 entrance exam academies such as Daesung Academy, Megastudy, and Generation Talent, as well as many instructors from Ilta. Why Buy Problems from Teachers?: Teachers who have experience in preparing CSAT questions seem to know some tips for preparing CSAT questions. Private education companies were able to make a lot of money by purchasing problems from them and selling them by creating workbooks or lectures with slogans such as ‘preparation for real-life killer problems’. Teachers who deal in question are subject to charges of obstruction of business, prohibition of receiving bribes, and violation of confidentiality obligations. Other instructors such as Hyun Woo-jin and Jeong Sang-mo are also included: Megastudy Co., Ltd., Megastudy’s publishing affiliate Saesol Co., Ltd., and ‘HyConsi’, which operates the ‘Genetic Talent’ academy. Daesung Academy-related companies include Daesung Academy Co., Ltd. as well as Gangnam Daesung Academy. ·Six places were requested for investigation, including Noryangjin University College, Daesung Publishing Company, Daesung Academic Ability Development Research Institute, and Gangnam University College Scholastic Ability Test Research Institute. Ilta instructors included a textbook company founded by Megastudy math instructor Hyun Woo-jin, Daesung My Mac Ilta math instructor Jeong Sang-mo, math instructor Lee Chang-mu, and geography instructor Jeon Seong-oh. (???? Joseon front page) ③ [단독]The Kyunghyang Shinmun reported exclusively that Woowa Youth (dedicated to Baedal Minjok’s logistics service) was the workplace with the highest number of industrial accident approvals this year (January to August), following last year. . Previously, industries with frequent industrial accidents were construction and manufacturing, but this is changing with the development of the platform industry. Aside from Hyundai Heavy Industries and Daewoo Engineering & Construction: During this period, the number of industrial accident approvals for Woowa Youth was 1,273. HD Hyundai Heavy Industries ranked second with 521 cases, and Daewoo Engineering & Construction ranked third with 467 cases. What is the reason for the rapid increase?: In addition to the growth of the delivery market, institutional changes are also considered a major factor. Delivery rider industrial accident insurance coverage began in May 2012, but there were large blind spots due to the application system excluding coverage. However, from July 2021, the number of delivery riders covered by industrial accident insurance has increased as the reasons for exclusion have been strictly limited to illness, childcare leave, etc. Since the exclusiveness standard was abolished last July, blind spots have further decreased. There have been many cases where delivery riders or agency drivers who receive work from various platforms were not covered by industrial accident insurance because they did not meet the exclusiveness requirements. (????Trends page 1)

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④ This year’s Nobel Prize in Physics winners have been revealed to three scientists who made it possible to capture ‘one quintillionth of a second’. The award went to three physicists who found a way to generate light that captures extremely brief moments of time, equivalent to one quintillionth of a second. The main characters are Pierre Agostini (82), a professor at Ohio State University in the United States, Ferenc Kraus (61), a professor at Ludwig Maximilians University in Germany, and Anne Lhullier (65) a professor at Lund University in Sweden. What did we discover?: Molecules, atoms, and electrons inside atoms move at very high speeds. Observation requires extremely short wavelengths to capture this moment. To put it simply, the camera shutter speed must be that fast to take pictures of fast-moving objects. The above three people came up with a method to create light waves in attosecond units, which is equivalent to 1 quintillionth of a second. Significance of the discovery?: It will be possible to directly observe the moment of photosynthesis or the moment DNA is damaged by radiation. This makes it possible to capture electronic-level movements and take pictures. For reference, the signal speed of electronic devices such as computers and smartphones ranges from microseconds (one millionth of a second) to nanoseconds (one billionth of a second), and molecular motion is observed at the femtosecond (one trillionth of a second) level. . (???? Kyunghyang on 2 pages, Kookmin on 10, Donga on 1, Seoul on 6, World on 2, Joseon on 1, JoongAng on 18, Hankyoreh on 6, Korea on 24, Maeil Business Newspaper on 2, Hankyung on 2)

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⑤ Gold medal in the men’s team event of Baduk and bronze medal in the men’s 400m relay for the first time in 37 years At the Hangzhou Asian Games, which opened on the 12th day today, Korea is ranked 3rd overall (32 gold, 42 silver, 65 bronze). The Asian Games are four days away from closing (the 8th). Gold in the men’s baduk team event: Korea won the gold medal by defeating China in the men’s baduk team event. This is the second consecutive victory since 2010, when Baduk was adopted as an official sport. (There were no baduk matches held during the 2014 and 2018 tournaments.) In the 5-on-5 simultaneous match, Shin Jin-seo, Shin Min-jun, Park Jung-hwan, and Kim Myung-hoon won once morest Yang Ding-xin, Ke Jie, Meeting Wei, and Zhao Chenyu 9th Dan. Men’s 400m relay medal following 37 years: The men’s relay, run in that order by Lee Jeong-tae, Kim Kuk-young, Lee Jae-seong, and Ko Seung-hwan, won a bronze medal. Track and field is a field with few medals, not only in the Olympics but also in the Asian Games, so it is considered a great achievement. The only time a medal was won in this category at the Asian Games was in Seoul in 1986. (???? Kookmin page 25, Donga page 2, Seoul page 23, World page 1, Joseon page 27, JoongAng page 1, Hankyoreh page 2, Maekyung page 27, Hankyung page 27)
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