Over 10 wounded in stabbing rampage near Seoul

More than 10 people were wounded Thursday after a man went on a stabbing rampage near a subway station in Seongnam, just south of Seoul.

Police apprehended the suspect following a report that a man was stabbing people near Seohyeon Station.

More than 10 people were wounded by the attack, according to fire authorities. Their exact condition has not been determined yet.

Source: Yonhap News Agency

Disaster headquarters activates ‘Level 2’ emergency operation to cope with heat wave

The government initiated a “Level 2” emergency operation of the disaster response headquarters Thursday in response to the nationwide scorching heat.

The Ministry of the Interior and Safety said it had raised the level of emergency duty of the Central Disaster and Safety Countermeasure Headquarters as of 5:00 p.m., expecting the number of areas with an apparent temperature of over 35 C for the next three days to exceed 108.

It marks the first time in history that the disaster headquarters has operated at Level 2 due to a heat wave.

The searing heat wave has been gripping South Korea for over a week, with the highest temperatures climbing from 33 C to 38 C across the nation Thursday.

The government runs the headquarters in three stages — with the third stage being the highest — to prepare against disasters or crises, respond to their aftermath and cope with post-disaster restoration efforts.

The four-level heat alert was raised to the highest level of “red” Tuesday for the first time since 2019.

The ministry, meanwhile, vowed to allocate 6 billion won (US$4.61 million) to cope with the heat, including 3 billion won for North Jeolla Province, which is currently hosting the 25th World Scout Jamboree.

A total of 108 people were taken to hospitals during the opening ceremony of the jamboree event with symptoms of heat-related illness, two days after the event kicked off amid scorching heat.

The budget will be used for the installation of additional cooling systems and to provide emergency supplies.

The headquarters has also urged the health ministry to enhance monitoring efforts for vulnerable individuals, including the homeless.

Amid the scorching heat, the headquarters also said around 165,000 units of livestock, including 156,297 chickens, have died due to the heat since June 19.

Source: Yonhap News Agency

BMA accelerates the problem of nominee foreign entrepreneurs

Bangkok, Aug. 3 – BMA discusses with relevant agencies Expedite the problem of nominating foreign entrepreneurs by allowing every district to inspect

(3 Aug. ’23) Mr. Chatchart Sitthiphan, Governor of Bangkok Chaired the 8/2023 meeting of heads of departments of Bangkok by the Governor of Bangkok revealed after the meeting that Today is a meeting of the heads of departments. have emphasized on various matters by requiring every district to inspect foreign business matters without focusing on finding fault Because these businesses can be viewed from another angle, that is, to stimulate tourism from foreigners. (shareholding on behalf of foreigners or disguise the name of the true shareholder to avoid the law) will coordinate with the Ministry of Commerce including checking that Is the importation of foreign goods for sale carried out correctly?

For the case that the Huai Khwang area has many Chinese businesses in the area. from the examination found that There are 4 offenses such as selling things without a label. There are no trade registrations. in the Samphanthawong area which has the Yaowarat area It is another goal that emphasizes to go check.

General Niphat Thonglek, Advisor to the Governor of Bangkok added that on August 1, the past has invited relevant government agencies in the Bangkok area and the police to talk to each other at the Huai Khwang District Office To discuss how to work in the Huai Khwang area. If there are a lot of foreigners coming to work and appeared in the news on various social media in a mimicry manner This is the city of that country, this country. From discussions received information in the early stages that Foreigners who come to do business in the Huai Khwang area use almost all nominees. is for Thai people to hold shares instead But not the real owner, on that day, the director of the Samphanthawong District also went to the meeting. and gave information that There are many in the Samphanthawong area. He advised other district directors to study the Act of the Ministry of Commerce, Section 42 relating to authority and duties. Most of which will come to ask to open a business in the form of a gift shop. and the fact that the registered person is Thai But the workers may not be Thai.

In addition, it was discussed that If an incident occurs in the area Who will be responsible From what we can talk about, the information that in the Huai Khwang area or other areas with foreigners There will be many government agencies that can take care of it. Each agency has its own specific role, such as the immigration police. Ministry of Commerce ministry of labor Ministry of Public Health and Bangkok, as well as in the area of Huay Kwang There are 5 police stations. The district director must be responsible as the owner of the area overseeing the administration. The Huai Khwang district will be a model for other districts. in the next work In the past, there have been 4 closures that made mistakes about the wrong type of requesting permission.

The governor of Bangkok reiterates that the Bangkok Metropolitan Administration is not complacent. try to move forward By integrating with many agencies as well. There are both positive and negative aspects, which in a positive sense, if done legally, will stimulate tourism to make foreigners feel at ease when they come to Thailand. But on the negative side, it is illegal. Have to see if the items are taxed or not. Going to steal a career in Thai people? must look carefully which tries to inspect every region. – Thai News Agency

Source: Thai News Agency

SET organizes a big seminar The first “family business” in Thailand

Bangkok 3 Aug – SET-Partner Organized a big seminar on family business “The 1st SET International Conference on Family Business” for the first time in Thailand Pointing out that 90% of family business statistics have been passed down to no more than the 3rd generation. The CEO of Carabao Group believes that the more family businesses enter the capital market, the more efficient they are.

The Stock Exchange of Thailand (SET) together with partners organizes a big seminar on family business “The 1st SET International Conference on Family Business” under the concept of “Family Business in the Changing World” and invites “real” experts in family business circles. Thai Join to exchange opinions on August 3-4, 2023, from 9:00 a.m. to 5:30 p.m. at Grand Hyatt Erawan Hotel, Bangkok.

said the opening family business It is very important to the economy. But passing a family business from generation to generation is not easy. According to statistics, 90% of family businesses cannot be passed beyond the third generation. In addition, family-run companies will face challenges from rapidly changing external factors. and important factors that make the family business grow steadily in the future Most of them come from internal factors. whether succession planning Organizing 5 structures or communicating to create ties between family members in business administration. and manage family wealth Including giving importance to ESG issues like any other business. Emphasizes that all sectors recognize the importance of family businesses, helping to support and create mechanisms Including an appropriate environment for Thai and regional family businesses to be strong. Growing to be the main force of the Thai economy It is believed that this event will lead to cooperation in all sectors. for the development of a strong family business to grow sustainably forever

Prof. John A. David, President and Founder of the Cambridge Family Enterprise Group and Director of Family Enterprise Programs at MIT University, delivered a video conference session titled “The Future of Family Enterprise and How They Can be Successful in New World Order ” by considering that family businesses in different regions around the world face the same problem. Is passed on to the 3rd generation, both Europe, America and Asia, with the 1st generation creating the 2nd generation as an extension And when passing it on to the 3rd generation, there will be a problem, leading to an important question for the family business how to make the business grow sustainably. More than the 3rd generation, there are companies that can do both in Thailand and abroad, but not much. Looking at the heart, there are 3 important issues that make the family business sustainable, consisting of how to make the business grow continuously (Growth). , develop abilities and skills (Talent) , And there is one (Unity) of the family. and from generation to generation

Mr. Soraphol Tulyasathien, Deputy Manager of the SET, said that the SET sees the importance of promoting family businesses to grow systematically. therefore working with partners to enhance the potential of family businesses in the entire ecosystem. Currently, there are 451 family-run listed companies, representing 57% of all listed companies and 43% of the market cap when looking at IPOs over the past 7 years. Found that 70% are family businesses. There are a total of 920,000 jobs and 86 family businesses are listed on the Sustainable Stocks (THSI) list, representing 50% of the total number of companies in THSI. On average, it is a family business that belongs to the 3rd and 4th generations, but there are many companies that belong to the 1st and 2nd generations. When a family business enters a listed company There will be more executives outside the family. For family businesses in the capital market Most of them are in the food and beverage business category, commercial category, Medical, Personal and Medical Supplies Especially in the Market for Alternative Investment (mai), there will be quite a large proportion of family businesses.

Mr. Sathien Sathirathamma, Chief Executive Officer of Carabao Group Public Company Limited, sees family businesses as the most efficient and effective businesses. because the owner manages himself closely which is important in making business grow And handed down from generation to generation, that is, there must be a standardized, clear, transparent management system that can be traced every step of the way, a good company structure, and have efficient personnel. Therefore, bringing a family business to be listed on the stock exchange Therefore, it is one way to support a good and transparent management system. There is a structure that is conducive to accepting good and talented people to work. .Thai News Agency

Source: Thai News Agency

S. Korean Bond Yields on Aug. 3, 2023

Today (%) Previous Session(%) Change (BP)

1-year TB 3.494 3.494 0.0

2-year TB 3.745 3.717 +2.8

3-year TB 3.714 3.677 +3.7

10-year TB 3.861 3.793 +6.8

2-year MSB 3.746 3.721 +2.5

3-year CB (AA-) 4.496 4.466 +3.0

91-day CD 3.730 3.740 -1.0

Source: Yonhap News Agency

(LEAD) Seoul shares end lower on foreign, institutional sell-off

Seoul shares ended lower Thursday on heavy sell-off by foreign investors and institutions after the downgrading of the U.S. credit rating. The South Korean won declined against the U.S. dollar.

After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) retreated 0.42 percent, or 11.08 points, to 2,605.39. Trading volume was at 773.9 million shares worth 14.6 trillion won (US$11.2 billion), with decliners outnumbering gainers 523 to 345.

All three U.S. major stock indexes finished lower Wednesday (U.S. time) as investors took profits on monthslong gains after Fitch Ratings downgraded the U.S. credit grade to AA+ from AAA for the first time since 2011, citing “repeated debt limit standoffs and last-minute resolutions.”

The July U.S. jobs report showed private payrolls increased more than expected, indicating continued labor market resilience.

“The KOSPI turned lower on downward pressure from foreigners’ spot and futures sell-off as U.S. stock markets saw declines in tech shares after the credit downgrading,” Kim Seok-hwan, an analyst at Mirae Asset Securities Co., said.

Foreign investors and institutions sold off shares worth 154.5 billion won and 670.5 billion won, respectively, while retail investors bought a total of 812.2 billion won worth of shares.

In Seoul, big-cap stocks traded mixed.

Market behemoth Samsung Electronics retreated 1.57 percent, but No. 2 chipmaker SK hynix gained 0.42 percent.

Leading battery maker LG Energy Solution dipped 0.18 percent and its smaller rival Samsung SDI went down 1.69 percent, but POSCO Future M added 0.51 percent.

Steel giant POSCO Holdings went up 1.2 percent.

Auto shares were mixed as well, with Hyundai Motor dropping 0.42 percent and its affiliate Kia gaining 0.88 percent. Hyundai Mobis, Hyundai Motor’s auto parts affiliate, went up 1.1 percent.

Bio stocks were bullish.

Samsung Biologics jumped 2.28 percent, and Celltrion went up 2.16 percent.

Shares related to superconductors showed a big increase after researchers from the Seoul-based Quantum Energy Research Centre Inc. claimed they have developed a room-temperature superconductor, one of the most sought-after materials by science and technology experts.

Daechang, Seowon and Dcksung all shot up almost 30 percent.

The Korean won ended at 1,299.10 won against the greenback, down 0.6 won from the previous session’s close.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 3.7 basis points to 3.714 percent and the return on the benchmark five-year government bonds advanced 3.8 basis points to 3.755 percent.

Source: Yonhap News Agency

Lee Kang-in comes off bench as PSG beat Jeonbuk in preseason friendly

South Korean midfielder Lee Kang-in played for a little over 20 minutes in the second half, as his new French club Paris Saint-Germain (PSG) defeated the K League 1 side Jeonbuk Hyundai Motors 3-0 in a preseason match here Thursday.

While watching the first half from the bench, Lee, one of South Korea’s most beloved football players, drew thunderous cheers every time he was shown on the scoreboard at Busan Asiad Main Stadium in the southeastern city of Busan.

Lee finally took the field in the 69th minute, much to the delight of 43,520 fans on hand for the early evening affair.

Lee left RCD Mallorca in Spain to join the French champions PSG on July 9. The club quickly scheduled a stop in South Korea as part of their summer tour and arrived here Wednesday after playing three preseason matches in Japan.

Lee sat out all three contests in Japan after suffering a thigh injury in a friendly in France on July 21 but was fit enough to play, albeit briefly, in front of his home fans.

But PSG’s Brazilian superstar, Neymar, stole Lee’s thunder, scoring twice and setting up another in the victory.

Making his first preseason appearance after recovering from ankle surgery, Neymar opened the scoring in the 40th minute, thanks to his world-class skills.

After securing the ball at the top of the box, Neymar maintained possession in tight space and juked Han Kyo-won to create a shooting lane. The right-footed shot changed direction after hitting the leg of Jeonbuk defender Hong Jeong-ho, freezing goalkeeper Jeong Min-ki on its way to the back of the net.

Neymar picked up his second goal in the 83rd, when Fabian Ruiz’s pass sprung him free behind the defense. Neymar walked in alone on goalkeeper Jeong Min-ki and beat him with his right foot.

Neymar then assisted on Marco Asensio’s goal with a deft back-heel pass just inside the box.

Lee didn’t make much of an impact in his limited time on the field, though he looked to be back in full health after missing some time with injury.

Source: Yonhap News Agency

Don’t bring “General Prayut” to create political conditions.

Joining Thailand to create a nation on July 3-“Thanakon”, please do not bring “Gen. Prayut” to create conditions Repeatedly retired from politics a long time ago part of government thought that the leaders should talk to each other and go to the whole party not just certain groups

Mr. Thanakorn Wangboonkongchana, Minister attached to the Prime Minister’s Office and Deputy Leader of the Ruam Thai Sang Chart Party Mentioning the case of the Constitutional Court postponing whether to accept or not accept the parliamentary resolution refusing to nominate Mr. Pita Limcharoenrat to vote for the Prime Minister for the second round, unconstitutional or not, whether he is sure that tomorrow (July 4) will be able to vote for the Prime Minister. or not Because if you vote even though the court has not yet considered and the results come out, there may be problems. And should in principle wait for the court to consider first or not?

“Gen. Prayut Chan-ocha, Prime Minister and Minister of Defense I’m not worried about voting for the prime minister. but would like to establish a government as soon as possible Including concerns about protests and conflicts in the country But in matters of politics, Gen. Prayut has already resigned from the party. Obviously not involved in politics. So please don’t get involved. Please consider the benefits that make the country more It should not be used as a condition to create various conflicts, it should be over, and justice should be given to General Prayuth as well, ”said Thanakorn.

As for the news that there will be some groups of MPs preparing to leave the Ruam Thai Sang Chart Party Mr. Thanakorn said he did not know, but thought that in politics need to be together because it has just begun Unity is therefore of the utmost importance. I want everyone to stay with the party. Continue to work for the people. The 36 MPs of the party are important, regardless of which party has power. believe that today the city must move forward

As for whether it would be possible for some groups to form a government, Mr. Thanakorn said that in politics, leaders forming a government should coordinate with the whole party. It may not be specific to certain groups. therefore it is not possible But if it’s possible, it depends. Will it be a reason to want to reduce friction about not having an uncle? Confirmed that the Ruam Thai Sang Chat Party had no uncle for a long time. So it’s just trying to create the conditions. Because General Prayut is not affiliated with the party Today, MPs should have the opportunity to work for all groups. These conditions are unlikely to be created. However, what I’m saying is not a government. But speaking in principle and fairness with General Prayut.-Thai News Agency

Source: Thai News Agency

The court postponed the talks and waited for the court to clarify the issue first.

Government House, July 3-“Anutin” reveals that “Pheu Thai” has postponed the talks to set up the government before waiting for the court to be clear, reiterating the co-government condition not to touch Section 112. no minority voice I want PTT to have a government sooner. Confirmed that there is no promise, having to hold hands with the 2 uncles forever

Mr. Anutin Charnvirakul, Minister of Public Health and leader of Bhumjaithai Party Mentioning the case of the President of the National Assembly postponing the Prime Minister’s vote that will take place tomorrow (August 4) to wait for the decision of the Constitutional Court on the nomination of Mr. Phitha. Lim Chareonrat The party leader and prime ministerial candidate repeated that the speaker of the parliament would want everything to be clear. So that there will be no problems in the future Therefore ordered to postpone the motion to elect the prime minister first

When asked if before postponing the vote for the Prime Minister Bhumjaithai Party officially accepts the approach to join the government from the Pheu Thai Party (PAT) or not? Bhumjaithai Party leader admitted that he had arranged to talk But still do not know what the outcome will be. But when postponing the vote that had been scheduled this afternoon (August 3), therefore the appointment was canceled and then postponed as well, with the Pheu Thai Party calling to inform that the appointment had been postponed.

As for the situation that occurred, it reflected that the vote of the Prime Minister Will there be further confusion or not? Mr. Anutin said that everyone wants to be clear. But when submitting the matter to the Constitutional Court for interpretation for clarity therefore would like to make a final decision before taking any further action

When asked to reiterate that the postponement of the constitutional court’s decision considered an opportunity for the Pheu Thai Party to negotiate with other parties to form a government or not Bhumjaithai Party leader said that it could not be considered good. because a new government should be formed soon Elections are already 3 months old. And the acting government can’t do anything. even if there is full power therefore wanting to have an official government came to work as soon as possible

As for the Bhumjaithai Party, there are still questions and doubts about Mr. Srettha Thavisin, Pheu Thai’s candidate for prime minister. Because Mr. Chuwit Kamolwisit came out to reveal various information about Mr. Srettha. Mr. Anutin said that the Bhumjaithai Party had already informed the leading party to form a government about how to approach it. As already stated, it must not be touched. not amending section 112, not forming a minority government and cannot work with the Progressive Party As for the other party’s affairs, we can’t interfere or go ahead with anything. I’m proud of Thai. There is only this frame. If still within the framework, it must be a matter of each party. Still have to listen to Mr. Srettha and Pheu Thai Party clarify what they have said. But I don’t want reporters to hijack anything too much. Because during the campaign Perhaps what was said was according to the situation at that time.

When asked about the formula for forming a government without the Ruam Thai Sang Chart Party and Palang Pracharat Party But there is a proud Thai party. The Bhumjaithai Party leader said that the limit was only in the Bhumjaithai Party statement. Regarding the establishment of the government, it must not interfere with the leading party. As for shaking hands with the original pole, which is now a minority I have already said that I will not organize a minority government. because they want the government to be stable which is a stable government majority government And it is not possible for Bhumjaithai Party Unite Thailand to create a nation and power the state. will hold hands together Because each party must have its own approach. Can’t hold hands together Because I have never seen that the big parties do it.

As for the observation that if there is no Ruam Thai Sang Chart and Palang Pracharat, it will be difficult to pass through the senate checkpoint, Mr. Anutin said that it is the right of the leading party to clear and understand. In which the senator gave reasons and concerns about why he could not vote last time which has been fixed You must believe that there should be no problem.

When asked to reiterate if there is a problem, as the Bhumjaithai Party is the third party, is it ready to be the leader to form a government? Leader of Bhumjaithai Party said with a laugh that Better not have any problems We are the third party. If we can support the government without conflicting with the party’s guidelines or policies, we are ready to support it. Because the country must have a government.-Thai News Agency

Source: Thai News Agency

The capital market is still waiting for political clarity.

Bangkok 3 Aug – capital markets await political clarification I believe there is still potential to grow. Accepting that having a fast government is a good thing. But having a fast and good government is difficult.

) Referring to the current uncertain political situation and the impact on the capital market, investors like clarity. Whenever there is more clarity will give confidence to invest more If still not sure whether to go heads or tails, they will wait, but when they make progress and gain confidence, they will dare to invest. There are many factors that affect the capital market. both world economy It’s in the Fed interest rate adjustment. Oil prices. Russo-Ukrainian war. Chinese tourists coming to Thailand including politics Therefore, it is necessary to read carefully before making an investment decision. mainly from foreign tourists Including the turnover of many listed companies has returned to be better than before the COVID. In addition, world oil prices and interest rates are in a decelerated direction. against Thailand and a few other countries that the economy is in a recovery direction and is expected to continue to recover next year Inflation and energy prices are not as strong as the world market.

Mr. Sathien Sathirathamma, CEO of Carabao Group Plc., believes that many people are concerned about the establishment of the government at this time. But we must accept the truth of Thai society that There is a context in which one particular angle cannot be discussed. sees that forming a government that is difficult like this Because there are rules that may use the word “distorted” until everything is difficult. Because it’s not what it’s supposed to be. seen as normal at the end of the year The shopping atmosphere will be better than this. But Thailand has been exposed to COVID for more than 3 years, purchasing power across the country has decreased. Businesses in other provinces have closed quite a bit. So we have to adapt.

“In the event that the government may not be established in August seen as normal to affect people’s shopping It’s good to have a fast government. But having a fast and good government is difficult,” said Mr. Sathien. – Thai News Agency

Source: Thai News Agency