July National Tax Revenue Reaches 51 Trillion Won, Driven by VAT and Securities Transaction Tax
As of July this year, cumulative national tax revenue reached 274 trillion won, an increase of 41.4 trillion won compared to the previous year, driven by rises in income tax, corporate tax, and value-added tax.According to the Ministry of Finance on the 31st, national tax revenue for July was 51 trillion won, up 8.4 trillion won from the same period last year. This increase is attributed to a steady rise in value-added tax, securities transaction tax, and income tax.By tax category, value-added
Icheon City Completes International Exchange Program for People with Disabilities in Wuxi, China
Gyeonggi Icheon City (Mayor Seong Su-seok) announced on August 31 that it successfully completed the '2026 Global Talent Development Program for AI and Semiconductors in Response to Future Industries for People with Disabilities,' held in Wuxi, China, from August 25 to 29.This initiative is part of the city's '2026 Domestic and International Exchange Support Project,' with 15 members from the Icheon branch of the Korea Disabled Information Association participating.The participants visited Wuxi'
Kim Seung-won, nominee for Justice Minister, emphasizes urgent need for new criminal justice system
Kim Seung-won, the nominee for the next Justice Minister from the Democratic Party, stated on August 31, "The most urgent mission is to ensure the successful establishment of a new criminal justice system in South Korea, which has not changed in 70 years."Speaking to reporters at the National Assembly, Kim expressed, "I feel a heavy sense of responsibility as I have been nominated as the Justice Minister in a government of popular sovereignty."He added, "I will do my utmost to ensure that the Mi
Kumho Petrochemical Group Strengthens Partnership with Weihai City
Kumho Petrochemical Group met with the Weihai City government in Shandong Province, China, to discuss expanding cooperation in tourism and future industries.On August 27, Kumho Petrochemical Group Chairman Park Chan-goo, CEO Park Jun-kyung, and President Baek Jong-hoon met with Weihai Mayor Kung Pan-ping and other city officials to review the current status of their partnership and discuss future collaboration.Since incorporating Kumho Resort as a subsidiary in 2021, Kumho Petrochemical Group ha
Miyagi Prefecture Proposes Site for SK Hynix Semiconductor Plant Amid Concerns
Japan's Miyagi Prefecture has proposed a site of approximately 300,000 square meters to SK Hynix as a candidate for a semiconductor factory, engaging in behind-the-scenes efforts to attract the company. This comes as the South Korean government expresses caution over the potential overseas leakage of advanced semiconductor technology. Attention is focused on the ongoing Korea-Japan Chamber of Commerce meeting in Sendai, where Chey Tae-won, chairman of SK Group, is in attendance.According to the
KOSPI Recovers to 6,600 Amid Foreign and Institutional Selling
The KOSPI index fell to the 6,500 range due to concerns over a potential interest rate hike by the U.S. Federal Reserve in September, but later recovered to the 6,600 level. Foreign and institutional investors continued to sell, with major semiconductor stocks like Samsung Electronics and SK Hynix showing weakness.As of 11:09 a.m. on August 31, the KOSPI was down 122.42 points (1.80%) at 6,666.46. It had briefly dropped to 6,547.76 before partially recovering.In the securities market, foreign an
Musinsa Reports 22.5% Revenue Growth in First Half of 2026, Targets Japan and China
Musinsa achieved its highest-ever revenue in the first half of the year, driven by rapid expansion of domestic offline stores and significant growth in overseas markets, including Japan and China. On August 31, Musinsa announced that its consolidated revenue for the first half of 2026 reached 821.7 billion won, a 22.5% increase from 670.5 billion won during the same period last year. This marks the highest performance for the first half of any year. The company's standalone performance, which
Hanwha Aerospace Successfully Exports K9 Self-Propelled Howitzer to Spain
Hanwha Aerospace has successfully exported its K9 self-propelled howitzer to Western Europe for the first time. On August 28, Hanwha Aerospace signed an export contract with Spanish defense company Indra Sistemas for the K9 howitzer, the company announced on August 31. Details regarding the quantity, contract amount, and duration of the export remain confidential due to business secrecy. These details will be disclosed in accordance with relevant regulations once the confidentiality is lifted. H
Muan County Council Expresses Regret Over Mokpo National University Medical School Bid Failure
The Muan County Council expressed deep regret over Mokpo National University not being selected as a candidate for the establishment of a national medical school, urging the need for concrete follow-up measures to address the marginalization of the Southwest region in healthcare, administration, and industry.On August 31, the council read a statement titled 'Regret Over the Failure to Attract a National Medical School and Call for Addressing Southwest Marginalization' during a session at 11 a.m.
KOTRA Hosts Korea-Laos Net Zero Partnership to Boost Clean Energy Projects
The Korea Trade-Investment Promotion Agency (KOTRA), in collaboration with the South Korean Embassy in Laos, has initiated support for companies aiming to enter the local international reduction and clean energy markets.KOTRA announced on August 31 that it held the 'Korea-Laos Net Zero Partnership' in Vientiane, Laos, from August 27 to 28. The event was attended by representatives from 17 domestic energy and infrastructure companies, as well as officials from the Laotian government and related o