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Country risk, from the local press

South Korea · Country watch

Daegu Ceiling Collapse, DRX Expands, Energy Talks

A ceiling collapse in Daegu injures 38, DRX expands into digital entertainment, and South Korea seeks energy cooperation with Croatia.

· · 5 sources

The picture Mixed

Conditions for business in South Korea are mixed today. A ceiling collapse in Daegu raises safety concerns, while DRX's expansion and energy talks with Croatia offer new opportunities.

In this briefing Daegu · Daegu Fire Department · DRX · The Business Research Company · Cho Jeong-sik · Zoran Milanovic · Croatia

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

  • retail
  • public-sector

Ceiling collapse at Daegu supermarket injures 38

A storefront is seen on a korean street
IRa Kang / Unsplash

A ceiling collapse at a supermarket in Daegu, South Korea, injured at least 38 people, according to fire officials. The incident occurred at 10:16 a.m., prompting the evacuation of all 66 people inside the store. Nine of the injured were taken to hospitals, while others sustained minor injuries, including abrasions. The Daegu Fire Department is investigating the cause of the collapse, The Korea Herald reports.

Impact Retail operators and public safety officials in Daegu face increased scrutiny and potential operational disruptions.

Sources: The Korea Herald ↗

Companies

  • technology
  • telecom

Esports team DRX expands into digital entertainment

The esports team DRX is expanding its reach into the digital entertainment sector, Korea.net reports. The global esports market is expected to grow significantly, but profitability remains a challenge for team operators. DRX aims to leverage its brand and audience to explore new revenue streams in digital entertainment.

Impact Investors and partners in the technology and telecom sectors may see new opportunities as DRX diversifies its business model.

Sources: Korea.net ↗

Markets

Nothing significant reported today.

Trade

Nothing significant reported today.

Politics

  • energy
  • defence

South Korea seeks energy, defense ties with Croatia

South Korea's National Assembly Speaker Cho Jeong-sik met with Croatian President Zoran Milanovic to discuss energy and defense cooperation, according to The Korea Herald. The meetings, held in Zagreb, aimed to strengthen bilateral ties in these sectors. Cho also met with Croatian Parliament Speaker Gordan Jandrokovic and Prime Minister Andrej Plenkovic.

Impact Energy and defense companies may find new collaboration opportunities as South Korea seeks to enhance ties with Croatia.

Sources: The Korea Herald ↗, Korea.net ↗

Also today in South Korea

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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The same day elsewhere