Companies that have completed government research and development (R&D) projects can receive funding of up to 10 billion won to commercialize their technology or enter overseas markets.The Ministry of Trade, Industry and Energy announced on August 31 that it will launch the 'Industrial R&D Innovation Company Preferential Package Financing Program.'This initiative aims to provide low-interest funding for post-R&D activities such as verification, mass production, and import/export. Eligible compan

The regional value-added standard for South Korean automobiles to receive tariff benefits under the free trade agreement (FTA) with the United Kingdom will be relaxed from 55% to 25%. The online gaming market will also be opened, and the supply chain cooperation channels between the two countries will transition to a permanent system based on the agreement.The Ministry of Trade, Industry and Energy announced on August 31 that it will release the draft of the English and Korean versions of the re

The Democratic Party announced that leader Kim Min-seok has instructed party members to show respect for Chief Justice Cho Hee-dae, who is mourning the loss of his father. There is also speculation about Kim's potential visit to offer condolences.Park Sung-jun, the party's chief spokesperson, spoke to reporters after a Supreme Council meeting, stating, "Kim emphasized the need to refrain from official references or mentions of Cho during the mourning period for his father." He added, "It would b

CMG Pharmaceutical is advancing the commercialization of three next-generation functional materials developed through open innovation with the Tea Medical Research Institute (CHARI), targeting the high-value healthcare market.The company announced on August 31 that it is pursuing research and development and productization of three materials: a leaf extract from the tea tree for cognitive function improvement, phytoestrogens for women's menopausal care, and colostrum exosomes (EV) for pet health

The first National Literacy Education Policy Exhibition in South Korea concluded successfully, showcasing the evolution of literacy education over the past 20 years and its adaptation to the era of artificial intelligence (AI) and digital transformation. Expanding beyond basic reading and writing, the event focused on practical 'functional literacy' skills, including smartphone use, kiosks, and generative AI. Over two days, approximately 20,000 visitors attended, demonstrating widespread public

Gwangju Bank is set to expand its financial services by utilizing the post office network. On August 31, Gwangju Bank announced that it recently signed a "Joint Use Agreement for Post Office Network" with the Korea Post, the Financial Settlement Center, and Busan Bank at the Gwanghwamun Post Office. The signing ceremony was attended by Jeong Il-seon, President of Gwangju Bank; Park In-hwan, Head of Korea Post; Chae Byeong-deuk, Head of the Financial Settlement Center; and Kim Seong-joo, Presiden

The Korea Professional Footballers Association (KPFA) has demanded strict action after Ji So-yeon (35, Suwon FC Women) reported being subjected to a sexually inappropriate comment by referee Bae Sun-young during a WK League match.KPFA President Lee Geun-ho stated in a press release on August 31, "The referee, who should protect the players, instead caused irreparable humiliation to a specific player in front of all players from both teams. The use of a card to wield power in this manner is a hor

Seoul Land is set to launch a unique autumn festival where traditional Korean ghost characters meet spirits from around the world. According to Seoul Land, the 'K-Dopamine Ghost Festival' will take place from October 5 to November 1. Building on the popularity of this summer's 'K-Naplyang Special,' the festival combines K-culture with horror content, adding global ghost characters to create new seasonal offerings. The festival's highlight is the expansion of Seoul Land's unique 'K-Ghost' univers

Kang Hoon-sik, the Chief of Staff to the President, will pay his respects to Chief Justice Cho Hee-dae, who is mourning the loss of his father. According to the Blue House on August 31, Kang is scheduled to visit the funeral home at Pohang St. Mary's Hospital this morning. Despite ongoing tensions regarding Cho's appointment as Chief Justice, the Blue House plans to extend its condolences with a floral tribute from President Lee Jae-myung.* This article has been translated by AI.