Boramex Proves Brand Competitiveness with Sixth Consecutive Win at 2026 Brand Awards
Boramex has secured the Grand Prize in the funeral services category at the '2026 Brand Awards,' marking its sixth consecutive win. On September 2, Boramex announced, "We have won the Grand Prize in the funeral services category at the '2026 Brand Awards.'" The company achieved a comprehensive score in the 8-point range through a combination of online consumer voting and one-on-one telephone surveys, reportedly scoring nearly twice as high as the next brand. In a separate consumer survey, Boram
Insurance Companies Compete in Senior Care and Housing Market
Insurance companies are enhancing their caregiving insurance offerings while expanding into senior housing, care, and asset management. The senior market is emerging as a new growth driver due to increasing demand for care and the need for managing retirement assets as the population ages. According to the insurance industry on September 2, Hyundai Marine & Fire Insurance has recently established a subsidiary, Hyundai HXP, to prepare for its senior housing business. Hyundai HXP, fully owned by
Korean Party Hosts Forum on Youth Homeownership Amid Real Estate Concerns
On September 2, the People Power Party held a policy forum focused on youth homeownership, addressing concerns about the government's perceived weaknesses in youth and real estate policies.The party's Policy Committee and External Cooperation Committee convened at the National Assembly to discuss the topic, "Is Homeownership Possible for Korean Youth?" They explored ways to improve housing policies and real estate taxation for young people.Jang Dong-hyuk, the party's representative, criticized t
2026 GGGF: Kwak Young-gil Emphasizes Human-Centered AI for South Korea's Future
Kwak Young-gil, chairman of Ajou News Corporation, emphasized the need to transition to an 'artificial intelligence (AI) civilization' that prioritizes human dignity and spiritual values over mere technological competition.During his opening remarks at the 18th Good Growth, Good Jobs Global Forum (2026 GGGF) held at The Plaza Hotel in Jung-gu, Seoul, on September 2, Kwak stated, "The advent of the AI era presents both a crisis and a rare opportunity for South Korea. If the country's strong manuf
Tugboat Capsizes Off Busan, Leaving 1 Dead and 6 Missing
Off the coast of Oryukdo in Busan, a tugboat capsized while attempting to assist a cargo ship, resulting in the death of one crew member and leaving six others missing. The Coast Guard and Navy have deployed ships and aircraft for the search, while the city of Busan has activated its emergency response center.According to the Busan Coast Guard, the 286-ton tugboat, identified as A-ho, capsized around 1:29 p.m. approximately 9 kilometers east of Oryukdo. There were eight crew members on board, in
SK Hynix Focuses on Memory Solutions Amid AI Evolution
As artificial intelligence (AI) evolves from chatbots to reasoning and agent stages, the bottleneck in AI systems is shifting from processing units to memory. SK Hynix has identified that the core challenges of AI systems, including performance, energy efficiency, and resource utilization, are increasingly centered on memory. The company argues that 'memory-centric computing,' which reduces the distance between memory and processing units while allowing multiple accelerators to share memory, is
Korea's Financial Investment Association Discusses Shortening Settlement Cycle to T+1
Market participants in South Korea's securities market have emphasized the need for thorough preparation and verification before implementing a reduction in the settlement cycle from the current T+2 (two business days after the transaction) to T+1.On September 2, the Financial Investment Association held a 'Deep Discussion on Settlement Cycle Reduction' to address the necessity of shortening the settlement cycle, key issues, and the response tasks for market participants.During the discussion, c
Koglo.com Chairman Lee Geum-ryong: AI Native Generation Must Lead Growth Ladder
Lee Geum-ryong, chairman of Koglo.com, stated that "all companies will be restructured around AI" and emphasized that this change presents an opportunity for the AI native generation to lead the "growth ladder" rather than a crisis.Speaking at the 18th Good Growth, Good Jobs Forum (2026 GGGF) held at The Plaza Hotel in Jung-gu, Seoul, on September 2, Lee remarked, "It is the mission of the current privileged class to enable the AI native generation to become the main players in the growth ladder
A2Sys CRO Yuminsoo: K-AI Must Focus on Refinement and Optimization to Compete with US and China
To survive in the competitive landscape against the U.S. and China, the K-AI strategy must shift from focusing on computational power to refinement and optimization, overcoming limitations in power and memory, said Yuminsoo, Chief Research Officer of A2Sys and a professor at KAIST. Speaking at the 18th Good Growth, Good Jobs Forum (2026 GGGF) held on September 2 at The Plaza Hotel in Seoul, Yuminsoo emphasized the need for this transition. Yuminsoo, a former NVIDIA expert in computer systems an
Dennis Hong: Success of Physical AI Depends on Real-World Data
"While generative AI data is available on the internet, crucial data for physical AI is found in the field. By deploying robots in actual industrial settings to generate high-quality physical data, we can create a 'manufacturing-centric virtuous cycle ecosystem' that uniquely positions Korea in the physical AI landscape."Dennis Hong, a professor of mechanical and aerospace engineering at the University of California, Los Angeles (UCLA) and director of the Robotics and Mechanisms Laboratory (RoMe