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KG Mobility Reports 22.6% Drop in August Sales Amid Domestic Weakness KG Mobility Reports 22.6% Drop in August Sales Amid Domestic Weakness

KG Mobility (KGM) has reported a decline in sales due to weak domestic demand. KGM announced on September 1 that its total sales for August reached 6,860 units, a 22.6% decrease from 8,860 units in the same month last year. The drop was primarily driven by poor domestic sales, which fell from 4,055 units to 2,300 units, a decline of 43.3%. Exports also decreased, dropping from 4,805 units to 4,560 units, a 5.1% reduction. Additionally, a base effect contributed to the decline. Sales of

HD Hyundai Heavy Industries Faces Scrutiny After Worker Deaths HD Hyundai Heavy Industries Faces Scrutiny After Worker Deaths

HD Hyundai Heavy Industries has intensified its safety management efforts, including halting production at all factories and conducting special safety training, following a series of worker fatalities. Despite these measures, the number of deaths this year has risen to five.According to industry sources, a worker who was seriously injured after being run over by a trailer at the Yongyeon plant on August 14 died on the morning of September 1.The incident occurred at approximately 3:30 p.m. on Aug

Jeonnam Bio Center Aims to Strengthen Competitiveness of Gokseong Companies Jeonnam Bio Center Aims to Strengthen Competitiveness of Gokseong Companies

The Jeonnam Bio Center is working to enhance the competitiveness of small and medium-sized enterprises in the Gokseong region and support their commercialization efforts. The center is focusing on diagnosing individual business issues, from securing intellectual property to strengthening market competitiveness and developing export channels, and providing tailored growth strategies. On September 1, the Jeonnam Bio Center, led by Director Yang Wan-gil, held an expert seminar and consulting sessi

U.S. Treasury Secretary Pressures Japan on Rate Hikes Amid Yen Weakness U.S. Treasury Secretary Pressures Japan on Rate Hikes Amid Yen Weakness

U.S. Treasury Secretary Scott Vessenet has urged Japan to simultaneously raise interest rates and ensure fiscal sustainability. Following a joint U.S.-Japan intervention in the foreign exchange market at the end of July, the yen's value fell back to around 160 yen per dollar, indicating that market interventions alone may not be sufficient to reverse the yen's decline.Meanwhile, Japan's 10-year government bond yield surged to 3%, marking its highest level in 30 years. To prevent further yen depr

Dispute Arises Over Evaluation of National Medical University Candidates in Jeonnam Dispute Arises Over Evaluation of National Medical University Candidates in Jeonnam

Concerns are growing over whether the evaluation process for selecting candidates for the new National Medical University in Jeonnam properly verified the feasibility of the land, hospital construction, and faculty recruitment plans submitted by the two universities.The final score that separated Sunchon National University and Mokpo National University was just 1.30 points. Notably, 1.17 points of this gap came from the 'faculty recruitment plan,' raising questions about how the existing and fu

The Balvenie Unveils 88-Year-Old Whiskey Collection in Seoul The Balvenie Unveils 88-Year-Old Whiskey Collection in Seoul

"Korea is one of the most important markets for Balvenie," said Jim No, the representative of William Grant & Sons Korea, during the unveiling of the Balvenie '1931 Collection' on September 1 at S50 in Seoul. No explained the choice of Seoul as the first global reveal site, stating, "The media and whiskey community in Korea have shown deep interest in Balvenie for a long time, and there has been significant curiosity about how Balvenie whiskey is made. Therefore, I believe it is very meaningful

Mokpo University President Resigns After Medical School Selection Failure Mokpo University President Resigns After Medical School Selection Failure

Song Ha-cheol, president of Mokpo National University, has announced his resignation following the university's failure to be selected as a candidate for the National Medical University in Jeonnam. This decision comes as the community's 36-year aspiration for a national medical school in western Jeonnam has been thwarted. In taking responsibility for the outcome, President Song has called for local politicians to reflect on their roles and demonstrate accountability in light of this setback.

President Lee: Most Police Officers Are Diligent Despite Criticism President Lee: Most Police Officers Are Diligent Despite Criticism

President Lee Jae-myung addressed the controversy surrounding the inadequate investigation of missing persons in Jeju on September 1, stating, "There has been a lot of criticism directed at the police recently, but it is clear that the majority of diligent police officers are doing their best."During a Cabinet meeting held at the Blue House, President Lee remarked, "There are various discussions regarding police reform." He emphasized the importance of the police not only in maintaining national

Government Agencies Sign MOU to Strengthen Industrial Technology and Intellectual Property Government Agencies Sign MOU to Strengthen Industrial Technology and Intellectual Property

The government is integrating intellectual property strategies into the entire process of industrial technology, from research and development (R&D) to commercialization and addressing technology leakage and intellectual property disputes.On September 1, the Ministry of Trade, Industry and Energy and the Korean Intellectual Property Office signed a memorandum of understanding (MOU) in Jongno-gu, Seoul, aimed at enhancing the competitiveness of industrial technology and intellectual property for

Korean Fugitives Arrested in Vietnam Spark Controversy Over Smiling Mugshots Korean Fugitives Arrested in Vietnam Spark Controversy Over Smiling Mugshots

Recently, three South Koreans wanted under an Interpol red notice were arrested in Ho Chi Minh City, Vietnam, and their arrest photos have become a topic of discussion in local media.The images show the suspects smiling, prompting mocking reactions such as, "They are smiling brightly even after being arrested," and, "It seems they enjoy taking pictures, creating beautiful memories." Others speculated, "Perhaps they see Vietnam as an easy target, influenced by American movies or Korean dramas."In