Daily newsletter for October 11, 2021
Main stories of the day

Gov. Lee Jae-myung elected as DP's presidential candidate
Gyeonggi Gov. Lee Jae-myung on Sunday won the ticket to become the ruling Democratic Party (DP)'s presidential candidate in next year's election, defeating his rival Lee Nak-yon. 

Government-private committee will talk return to normal
Korea will form a government-private committee to discuss strategies to return to normal life and will hold its first meeting this week in preparation of starting its "With Corona" plan in November. 

Presidential body proposes much steeper emission cuts
A government body proposed Friday to substantially increase Korea's emissions reductions by 2030 beyond the current target of 26.3 percent, despite protests from domestic industries. 

Hong Ra-hee reduces her Samsung Electronics stake
The largest individual shareholder of Samsung Electronics is unloading some of her stock as she faces a huge inheritance tax bill. 

Energy prices cheer refiners, hammer petrochemical firms
A recent spike in energy prices is dividing the fortunes of Korean refiners and petrochemical companies. The uptick gives refiners improved profit margins, but hurts petrochemical companies with increased costs. West Texas Intermediate (WTI), the main U.S. oil price index, hit a seven-year high of $78.93 on Oct. 5, rising 1.8 percent from the previous trading day.  

Jisoo, Son Heung-min dating rumors shot down by YG
K-pop girl group Blackpink’s agency officially denied rumors that member Jisoo, whose real name is Kim Ji-soo, 26, and star footballer Son Heung-min, 29, are dating. 

Jung Ho-yeon talks her next steps after 'Squid Game'
Model-turn-actor Jung Ho-yeon literally became a star overnight thanks to her first-ever acting job Netflix “Squid Game.” Followers on her social media account continue to grow, hitting almost 17 million as of Friday after the release of the Netflix Korea original on Sept. 17.  

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