City O Ciel Phase 9 Ocean Park View Model Home Attracts 18,000 Visitors
City O Ciel's largest and tallest complex, the 'City O Ciel Phase 9 Ocean Park View,' is launching sales, highlighting views of the West Sea and a large park, along with its extensive size and 4-bay design.IPARK Hyundai Industrial Development reported on the 30th that approximately 18,000 people visited the model home for City O Ciel Phase 9 Ocean Park View, which opened on the 27th.From the first day, the model home saw a surge of visitors, with lines forming as young couples and middle-aged in
Investor Confidence Dips as Market Stagnates, Deposits Hit Seven-Month Low
The KOSPI index has been stagnating in the high 6,000s, leading to a rapid decline in investor deposits. Analysts attribute the waning investor sentiment to domestic and international challenges that have kept the index from surpassing the 7,000 mark.According to the Korea Financial Investment Association, as of August 28, the amount of investor deposits, which serve as standby funds in the stock market, was recorded at 99.8138 trillion won. This marks a decrease from 96.7091 trillion won the pr
Qualcomm Hosts 'Dragonwing IoT Day' Showcasing AI and Robotics Innovations
Qualcomm is strengthening its collaboration with domestic companies in the fields of industrial artificial intelligence (AI) and the Internet of Things (IoT).On August 31, Qualcomm held its 'Dragonwing IoT Day' at the Grand Lotte in Seoul for key clients.This year, over 500 representatives from major clients and partners, including Samsung Electronics, LG Electronics, Hyundai Motor, SK Telecom, KT, and LG Uplus, attended the event. They shared various applications of AI and IoT in industrial aut
EcoPro BM Launches 'All-Solid-State Team' to Accelerate Commercialization
EcoPro BM is establishing an 'All-Solid-State Team' to facilitate the early commercialization of all-solid-state batteries, which will integrate raw materials, components, and cells.According to EcoPro BM, a kickoff meeting was held on August 26 at a location in Gyeonggi Province with related companies and research institutes to advance the government's 'Super Eul Project.'The Super Eul Project is a government initiative aimed at nurturing key companies in the materials, parts, and equipment sec
Investment in Equipment Rises, But Construction Orders Plummet 34%
Investment in equipment has increased, but construction investment continues to struggle. According to the July industrial activity trends released by the national data agency on August 31, equipment investment rose significantly, while construction orders fell by more than 30%. Consumer spending also declined, indicating a lack of clear recovery in domestic demand. Although manufacturing output increased, inventory levels rose even faster, suggesting that the production gains are not translatin
Major Banks Fall Short on Mid-Credit Loans Despite Push for Inclusive Finance
The government has emphasized the need to expand financial support for mid- to low-credit borrowers, yet the share of mid-credit loans from the five largest banks remains below 3% of the total banking sector. This reluctance from major banks is attributed to rising delinquency rates among mid- to low-credit borrowers, coupled with complex guarantee procedures and low profitability.According to the Korea Federation of Banks' consumer portal, the new mid-credit loan issuance by the five largest ba
Dongyang Life Insurance Exits Stock Market After 17 Years, Merges with ABL Life
Dongyang Life Insurance concluded its 17-year history as a publicly traded company on August 31, exiting the stock market. Now a wholly owned subsidiary of Woori Financial Group, Dongyang Life is accelerating preparations for its merger with ABL Life Insurance and the selection of a new company name.According to the financial sector on August 31, Dongyang Life and ABL Life are conducting a survey for all employees regarding the new company name until September 4.The candidates for the name are '
Toss Bank Reports Record Q2 Profit of 29.4 Billion Won
올해 상반기 토스뱅크가 반기 기준 최대 실적을 기록했다. 여신 성장과 비이자 부문 수익성 개선에 힘입은 데 따른 결과로 보인다. 토스뱅크는 올해 2분기 순이익이 294억원으로 전년 동기보다 35.5% 늘었다고 밝혔다. 상반기는 전년 동기 대비 46% 증가한 589억원이다. 여신과 비이자 부문이 개선된 결과로 풀이된다. 6월 말 여신 잔액은 15조6373억원으로 전년 동기보다 3.3% 증가했다. 특히 전월세보증금대출 잔액이 4조5064억원으로 1년 전보다 47% 급증했다. 이 중에서도 청년·다자녀·신용회복 대상자를 위한 대출
Investigation into Religious-Political Collusion Concludes with 32 Indicted
The joint investigation team probing allegations of collusion between the Unification Church and Shincheonji has concluded its investigation after eight months. During this period, the team achieved significant results, including indicting Shincheonji leader Lee Man-hee and Unification Church leader Han Hak-ja.According to legal sources on August 31, the joint investigation team, which was established in January, has wrapped up its activities. The team has indicted Lee and three other Shincheonj
Nepal Flood Death Toll Approaches 1,000 Amid Glacial Collapse
A massive glacial collapse and debris flow in the border region between Nepal and Tibet has resulted in nearly 1,000 deaths, with affected residents having only a few minutes to evacuate. Poor weather monitoring in mountainous areas and a lack of cross-border disaster data sharing have hampered early response efforts, exacerbating the damage. As of the morning of August 31, CNN and BBC reported, citing data from Nepal's National Disaster Risk Reduction and Management Authority (NDRRMA), that 9