Samsung Display Showcases QD-OLED Technology at Gamescom, Plans 24.5-Inch Production This Year
Samsung Display is showcasing its quantum dot organic light-emitting diode (QD-OLED) gaming performance at the world's largest gaming exhibition, partnering with global gaming companies. The company is expanding its lineup to include a 24.5-inch model aimed at the premium gaming monitor market, targeting the demand for esports and first-person shooter (FPS) games.From now until August 30, Samsung Display is conducting joint marketing with global gaming firms such as Capcom, Krafton, and CD Proje
Half-Price Travel Program Expands to Nine More Regions
The 'half-price travel' program, which refunds half of travel expenses, is driving local spending. In the first half of this year, the government refunded 5.2 billion won to travelers, who in turn spent at least 16.2 billion won in local areas, exceeding three times the refund amount. More than half of the participants visited regions they had not been to before.On August 27, the Ministry of Culture, Sports and Tourism announced the addition of nine new regions to the 'Local Love Vacation Suppor
Roborock Maintains Dominance in South Korea's Robot Vacuum Market
Roborock is solidifying its position as the leading brand in South Korea's robot vacuum market. The company has seen its domestic sales increase more than sixfold in five years, thanks to enhanced product performance tailored to the local living environment and improved after-sales service.On August 26, Roborock reported that its domestic sales rose from 48 billion won in 2021 to approximately 300 billion won last year, marking a 525% increase over five years. The company secured about 50% marke
The Importance of Practicality in the Internationalization of the Korean Won
The government announced a "roadmap for the internationalization of the won" in July, transitioning the currency from a "regulated currency" to a "freely convertible currency." The initiative aims to establish offshore won settlement infrastructure and expand the basis for won transactions and settlements abroad. While foreign investment in domestic securities has significantly increased, the foreign exchange trading infrastructure remains largely centered on the domestic market. The government'
South Korea and Vietnam Strengthen Energy Cooperation in Power Grid, Renewables, and Nuclear Energy
South Korea and Vietnam are enhancing their cooperation in the energy sector, focusing on power grids, renewable energy, and nuclear power.The Ministry of Climate Energy and Environment announced that Minister Kim Sung-hwan will meet with Vietnam's Minister of Industry and Trade, Le Manh Hung, on the morning of August 27 at the Government Complex in Seoul to discuss specific implementation plans for energy cooperation between the two countries.This meeting is a follow-up to diplomatic discussion
Insurance and Credit Companies Report Increased Profits Amid Rising Delinquency Rates
Insurance companies and credit finance firms reported increased net profits for the first half of the year. Gains from the disposal and valuation of financial assets boosted insurance firms, while credit sales and investment-related income improved results for card and capital companies. However, rising delinquency rates in card loans and non-card lenders continue to raise concerns about financial stability.According to the Financial Supervisory Service on August 27, the net profit of 52 insuran
Nvidia Reports Record Earnings Driven by AI Demand, China Business Uncertain
Nvidia, a leader in AI semiconductors, reported record earnings for the second quarter of fiscal year 2027, exceeding market expectations. The surge in demand for AI infrastructure significantly boosted data center revenue.According to reports from the Wall Street Journal and others, Nvidia announced after the market closed on August 26 that its Q2 revenue reached $96.22 billion (approximately 133.3 trillion won), a 106% increase from $46.7 billion in the same period last year.During this period
Floods and Landslides in Nepal and China Leave at Least 160 Dead; 9 South Koreans Missing
A massive flood and landslide in the northern Himalayan region of Nepal, near the Chinese border, has resulted in at least 160 confirmed deaths. Hundreds remain unaccounted for, including nine South Koreans who have lost contact.According to AFP, Nepalese police reported that 157 bodies were recovered during search and rescue operations on August 26. This figure includes three fatalities reported by China's state-run CCTV in the Tibet region near the border, bringing the total death toll to 160.
Police Officer Awarded for Finding Missing Person Despite Falsifying Case Closure
A police officer who was arrested for falsely closing the missing person case of Jang Mi-ran has received an award from the National Police Agency for discovering the missing individual.According to reports from Yonhap News and the office of lawmaker Park Soo-min of the People Power Party, Officer A from the Jeju Western Police Station was awarded the police chief's commendation on June 26 for his role in locating a missing elderly person with dementia.This recognition came just over a month aft
New York Stocks Close Slightly Lower Amid Inflation Concerns and Nvidia Earnings Awaited
On August 26, the New York stock market closed slightly lower as expectations for a Federal Reserve interest rate cut weakened amid higher-than-expected inflation data, while investors awaited Nvidia's earnings report.The Dow Jones Industrial Average fell 113.52 points, or 0.21%, to close at 53,463.88. The S&P 500 dropped 1.58 points, or 0.02%, to finish at 7,675.70, and the tech-heavy Nasdaq Composite declined 21.10 points, or 0.08%, to end at 26,130.20.The inflation data released on this day s