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President Lee Jae-myung Nominates Hong Ji-sun as Minister of Land, Infrastructure and Transport President Lee Jae-myung Nominates Hong Ji-sun as Minister of Land, Infrastructure and Transport

President Lee Jae-myung has nominated Hong Ji-sun, the current Second Vice Minister of the Ministry of Land, Infrastructure and Transport, as the new Minister of Land, Infrastructure and Transport. This decision comes amid pressing issues following the August 13 housing supply measures, including the need for new public land, the commencement of public housing construction, and the expansion of supply in downtown Seoul.According to the Blue House on August 30, President Lee carried out a reshuff

CXMT Reports Tenfold Revenue Growth and 16 Trillion Won Profit in First Half CXMT Reports Tenfold Revenue Growth and 16 Trillion Won Profit in First Half

China's largest DRAM manufacturer, Changxin Memory Technologies (CXMT), reported nearly a tenfold increase in revenue for the first half of the year, returning to a profit of 16 trillion won. This surge is attributed to a spike in memory demand driven by the artificial intelligence (AI) industry, coupled with a global shortage of DRAM and soaring prices.Since its listing on the Shanghai Stock Exchange last month, CXMT's market capitalization has soared to 815 trillion won, making it the top AI s

72-Hour Autonomous Factory Platform Exported: A Visit to Jeonbuk National Universitys Physical AI Lab 72-Hour Autonomous Factory Platform Exported: A Visit to Jeonbuk National University's Physical AI Lab

"Our ultimate goal is to implement a Physical AI factory that operates for at least 72 hours without human intervention and to develop it into a new export product for South Korea," said Kim Soon-tae, a professor in the Software Engineering Department at Jeonbuk National University and head of the Physical AI Convergence Technology Promotion Team, during a visit on August 27.Kim emphasized, "While our goal is to create effective Physical AI software and platforms, we also need to ensure that the

Song Min-kyu Leaves FC Seoul to Join Portugals CD Nacional Song Min-kyu Leaves FC Seoul to Join Portugal's CD Nacional

FC Seoul forward Song Min-kyu has signed with Portugal's Primeira Liga club CD Nacional.Nacional announced on its website on August 30 that it has signed the South Korean international winger to a two-year contract.According to the club, Song will join the team for training starting this weekend.After leaving Jeonbuk Hyundai as a free agent last year, Song joined Seoul in January. It is reported that he included a clause in his contract allowing him to leave the team without transfer fees if a E

Koreas Namdong Power Dispatches Second Response Team to Nepal Flood Site Korea's Namdong Power Dispatches Second Response Team to Nepal Flood Site

Korea's Namdong Power is sending a second response team, including the acting president, to assist in the search and rescue of employees who have gone missing due to severe flooding in Nepal. The total number of response personnel has increased to 20, including existing local staff.On August 30, Namdong Power announced the urgent dispatch of a nine-member second response team, led by acting president Cho Young-hyuk, to Nepal.Previously, on August 27, the day after the incident, the company sent

KOSPI Adjustment Drives Retail Investors to U.S. Stocks with $9 Billion in Two Months KOSPI Adjustment Drives Retail Investors to U.S. Stocks with $9 Billion in Two Months

As the domestic stock market experiences a correction in the second half of the year, individual investors are shifting their funds to the U.S. stock market. In the past two months, individual investors have net purchased nearly 10 trillion won worth of U.S. stocks, surpassing the net purchases in the Korean securities market.According to the Korea Securities Depository's securities information portal, Saveuro, individual investors net purchased $7.03879 billion in U.S. stocks from July 1 to Aug

President Lee Reshuffles Six Cabinet Positions, Appoints New Advisors President Lee Reshuffles Six Cabinet Positions, Appoints New Advisors

이재명 대통령은 30일 6개 부처의 개각을 단행하고, 공석 중인 청와대 참모를 새롭게 인선했다.강훈식 대통령 비서실장은 이날 브리핑에서 이재명 대통령이 6곳의 장관 후보자를 지명했다고 발표했다.부총리 겸 재정경제부 장관 후보자로는 이형일 현 재정경제부 1차관이 지명됐다.강 실장은 "이 후보자는 경제 정책 요직을 두루 거친 손 꼽히는 정책통"이라며 "젊은 경제 사령탑으로 역대 최대 경제 지표를 국민 삶의 질적인 변화로 연결하고 양극화를 극복해 우리 경제의 안정적 성장을 이뤄낼 것으로 기대한다"고 말했다.신임 법무부

Global Ecological Pilgrimage Begins in Hometown Global Ecological Pilgrimage Begins in Hometown

The 'On-Sum Campaign,' officially known as the 'Breath of Life for the Whole World' campaign, combines the concept of 'On' from 'the whole world' with 'Sum,' meaning breath, to promote a planet where all life can breathe together.This ecological initiative is part of the core values of the 2027 Seoul World Youth Day, emphasizing 'Love and Ecology.' The campaign is inspired by Pope Francis' ecological encyclical, 'Laudato Si,' which highlights the importance of caring for our common home. Since A

What Will Remain After the Festival? WYDs Impact on Youth and Seoul What Will Remain After the Festival? WYD's Impact on Youth and Seoul

The 2027 World Youth Day (WYD) in Seoul will conclude on August 8, 2027. However, the assessment of the event's success will begin the following day. What relationships, cultures, and ecological practices will remain after hundreds of thousands of young people have attended? When the festival empowers youth to engage with their local communities rather than just generating temporary tourism, it becomes a pivotal moment. A Song for the World Youth in Seoul The official theme song for the Seoul WY

Yoon Sang-hyun: People Power Party Falling into Election Fraud Abyss Yoon Sang-hyun: People Power Party Falling into 'Election Fraud' Abyss

Yoon Sang-hyun, chairman of the National Assembly's Special Committee on the Investigation of Violations of Voting Rights and Election Management Reform, stated on August 30 that the People Power Party is "falling into the abyss of 'election fraud' claims."During a press conference at the National Assembly, Yoon emphasized that, based on the current investigation materials and circumstances, there is no objective evidence confirming intentional, planned, or organized manipulation of votes in the