Chinese fast fashion giant Shein made a bold move by debuting on the Hong Kong stock market on September 1, despite a significant slowdown in its growth. The Wall Street Journal reported that while the company's valuation has dropped considerably from its peak, there are still opportunities for a rebound.One of Shein's key strengths is its vast supply chain centered in China, which has helped it generate over $40 billion in annual revenue, comparable to major global brands like Nike.Analysts sug

The Korea Customs Service has proposed a record budget of 728.4 billion won for the upcoming year. This increase is aimed at bolstering drug interdiction efforts at the border, as the smuggling of narcotics through international shipping and travelers has surged. The agency also plans to accelerate the development of artificial intelligence (AI) technologies for detecting illegal goods and smuggling.On September 1, the Customs Service announced that its 2027 budget is 38.5 billion won (5.6%) hig

The South Korean government will provide 1 million won to couples who register their marriage starting next year, regardless of their income. This cash support aims to ensure that all newlyweds benefit, regardless of their financial situation.The Ministry of Gender Equality and Family announced on September 1 that the 2027 budget proposal, which includes this initiative, was approved during a Cabinet meeting. The budget for next year is set at 21.191 trillion won, a 5.5% increase from this year'

The Chinese stock market, which had risen the previous day, experienced a correction. Geopolitical risks came to the forefront, and profit-taking from the gains made in August was observed. The Shanghai Composite Index closed down 0.16% at 3,979.89, the Shenzhen Component Index fell 1.02% to 13,872.38, and the ChiNext Index dropped 1.32% to 3,393.43.International oil prices rose as military tensions between the U.S. and Iran escalated. Brent crude surpassed $91 per barrel, and the yield on U.S.

In the first half of this year, Asset Management Company A heavily promoted an ETF by highlighting the potential for investment in SpaceX, a private space company. However, the company ultimately failed to secure shares in the public offering, leading to significant backlash from investors. Around the same time, Asset Management Company B advertised its ETF product as the 'first in Korea to include SpaceX,' but it faced controversy over exaggerated claims as the actual investment structure diffe

Hyundai Motor Company reported a decline in sales for August due to production disruptions caused by a strike. The company announced on September 1 that its global sales fell 14.2% year-on-year to 288,574 units. During the same period, domestic sales dropped from 58,330 units to 34,333 units, a decrease of 41.1%, while overseas sales decreased from 277,811 units to 254,241 units, down 8.5%. The best-selling vehicle type in the domestic market was sedans, with the following models leading sales:

The Public Procurement Agency has set its 2027 budget at 372.3 billion won, an increase of 75 billion won from this year. This figure represents the total expenditure budget based on actual spending, excluding inter-account transactions typical of special account agencies.On September 1, the agency announced that it will focus its budget on strengthening innovative procurement and transitioning public procurement to artificial intelligence (AI).To enhance innovative procurement, which provides i

The government will conduct a comprehensive review of safety management practices in public institutions to eliminate repeated accidents involving falls, collisions, and entrapments. Following a recent fatal incident at the Korea Railroad Corporation (KORAIL), the government plans to implement oversight equivalent to special supervision and hold accountable those responsible for the recurrence of serious industrial accidents.On September 1, the Ministry of Employment and Labor announced that it

Public agency debt is projected to rise to 997.4 trillion won by 2030 due to the expansion of policy projects in housing and energy. In particular, the Korea Land and Housing Corporation (LH) is expected to lead this increase, with its debt soaring to 372.8 trillion won by 2030 as a result of expanded housing supply and increased rental housing projects.On September 1, the Ministry of Economy and Finance reported these findings during the 10th Public Agency Operation Committee meeting, chaired b