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Iworld Shares Surge Ahead of 5-for-1 Stock Consolidation Iworld Shares Surge Ahead of 5-for-1 Stock Consolidation

Iworld is experiencing a surge in its stock price as it prepares for a 5-for-1 stock consolidation.According to the Korea Exchange, as of 2:37 PM on August 26, Iworld's shares rose by 140 won (29.98%) to 607 won compared to the previous trading day.The news that Iworld, which was designated as a management item due to its low stock price, is taking steps to mitigate the risk of delisting through stock consolidation has reportedly boosted investor sentiment.Iworld plans to hold an extraordinary g

Jung Jeom-sik Urges Lee to Appoint Police Chief Before Pushing for Reform Jung Jeom-sik Urges Lee to Appoint Police Chief Before Pushing for Reform

Jung Jeom-sik, the floor leader of the People Power Party, urged President Lee Jae-myung on August 26 to appoint a police chief before advocating for police reform.During a general meeting at the National Assembly, Jung criticized the president's recent directive for police reform, stating, "To call for grand police reform now, citing public concerns, is akin to closing the barn door after the horse has bolted."He noted, "The original intent of prosecutorial reform was to reduce the power of the

Decline in Elementary Students Amid Surge in Foreign Enrollment in South Korea Decline in Elementary Students Amid Surge in Foreign Enrollment in South Korea

The decline in the school-age population due to low birth rates has significantly impacted elementary and secondary education in South Korea, with the number of elementary students dropping by more than 126,000 in just one year. In contrast, the number of foreign students has surpassed 300,000 for the first time, playing a crucial role in improving enrollment rates at universities.Elementary Student Population Drops by Over 126,000; 167 Kindergartens CloseAccording to the '2026 Education Basic S

Police Reform is Essential for Completing Prosecutorial Reform Police Reform is Essential for Completing Prosecutorial Reform

As the dismantling of the prosecution office and the abolition of its direct investigative authority approach on October 2, the recent "false conclusion of a missing person case" in Jeju raises questions about the direction of criminal justice reform. Is reducing the powers of the prosecution sufficient for reform? The more pressing question now is who will control the police, which has taken on the vast investigative powers previously held by the prosecution, and how will that control be implem

Concerns Grow Over Volatility in South Korean Stock Market Concerns Grow Over Volatility in South Korean Stock Market

Major international media outlets are expressing growing concerns over the volatility of the South Korean stock market. On August 24, the Wall Street Journal (WSJ) referred to the South Korean market as "the world's craziest stock market," noting that investors have dubbed it "Rollerkospi." The report described it as having become a "ride of fear."The WSJ's characterization of "Rollerkospi" is not without merit. Once considered one of the hottest markets globally last year, the South Korean stoc

SK Innovation to Absorb SKIET, Aiming for $600 Million in Annual Savings SK Innovation to Absorb SKIET, Aiming for $600 Million in Annual Savings

SK Innovation plans to achieve annual cost savings of approximately 600 billion won through the absorption of SK IE Technology (SKIET) and aims for the separator business to turn profitable within two years. The merger comes amid prolonged demand stagnation in the electric vehicle market and intensified competition from Chinese firms, prompting SK Innovation to improve its cost structure and break the cycle of poor performance.On August 26, SK Innovation held an online meeting to explain the bac

Debate Erupts Over Re-election of Local Party Chairs in South Koreas People Power Party Debate Erupts Over Re-election of Local Party Chairs in South Korea's People Power Party

The People Power Party is facing internal turmoil over the re-election of local party council chairs. Party leader Jang Dong-hyuk has expressed a desire to re-elect all local chairs through member voting. However, party lawmakers have largely agreed that it would be better to re-elect the current chairs through the existing operating committee. The matter now rests with the Supreme Council.According to the party's constitution and regulations, the term of local party chairs ends at the end of Au

Controversy Over Compensation for Descendants of Donghak Peasant Revolution Participants Controversy Over Compensation for Descendants of Donghak Peasant Revolution Participants

It took over a century to restore the honor of those who participated in the Donghak Peasant Revolution. Recognizing and remembering the sacrifices made against feudal order and foreign powers is a national responsibility. However, a controversy has erupted since the Jeonbuk Special Self-Governing Province began providing an annual stipend of 1.2 million won to the descendants of participants this year. The issue at hand is not just the value of the Donghak Peasant Revolution, but how to appropr

Hyundai Targets 5.55 Million Vehicles with Hybrid and Electric Strategies Hyundai Targets 5.55 Million Vehicles with Hybrid and Electric Strategies

Hyundai Motor Company is accelerating its growth in the global market by focusing on hybrid and electric vehicles. In the United States, the company plans to increase sales of hybrid electric vehicles (HEVs), which combine the strengths of internal combustion engines and electrification. In Europe, where demand for eco-friendly vehicles is high, Hyundai aims to raise the share of electric vehicle (EV) sales to over half.On August 26, Hyundai unveiled its electrification strategy roadmap during t

Uiwang Fire Department Promotes Understanding and Respect for Disabilities Uiwang Fire Department Promotes Understanding and Respect for Disabilities

The Uiwang Fire Department conducted training on August 26 for its employees to enhance understanding of disabilities and foster a culture of mutual respect within the organization. According to the fire department, the training session for the second half of 2026 focused on improving job competencies, essential attitudes for public officials, and enhancing disability awareness. The training included job training led by the department head, disability awareness improvement education, and guidanc