China Leads International Standards for Solid-State Batteries, Shaping Future EV Rules
China is taking the lead in establishing international standards for solid-state batteries, a key technology for the future electric vehicle industry.The State Administration for Market Regulation (SAMR) recently announced on its website that the international standard for automotive solid-state batteries, proposed by China, has been approved as a new standardization project by the International Electrotechnical Commission (IEC).The proposed international standard includes guidelines for the app
KB Financial Group Strengthens Consumer Protection Framework
KB Financial Group is enhancing its consumer protection framework and promoting a consumer-centric work culture across the organization.On August 26, KB Financial announced that it held the '3rd Financial Consumer Protection Working Council' to improve employees' expertise in consumer protection and establish a consumer-focused operational system.The council included chief consumer protection officers from 10 subsidiaries, including KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card,
Korea Electric Power Corp. Shares Surge Over 8% Amid Westinghouse Investment Talks
Korea Electric Power Corp. (KEPCO) shares surged more than 8% during trading on August 26, following reports that the U.S. government proposed a stake investment in Westinghouse Electric Company (WEC) to South Korea.As of 1:46 PM KST, KEPCO's stock was trading at 35,500 won, up 8.56% (2,800 won) from the previous trading day, according to the Korea Exchange.The rise in KEPCO's stock is fueled by optimism surrounding the potential investment in Westinghouse. Industry sources indicate that the Min
Jindo County Launches 'Sunshine Income Village' Initiative to Boost Local Revenue
Jindo County is advancing its 'Sunshine Income Village' initiative, which aims to return solar power generation profits to the community. The plan seeks to lower the initial investment burden on residents by utilizing the Local Extinction Response Fund, creating a structure where profits from power generation contribute to the village's collective income.According to Jindo County, Hanui Village in Gunnae-myeon was selected in the first round of the '2026 Sunshine Income Village' application proc
China Gains from US-Canada Trade War, Aiming for Strategic Victory
China is seeking to capitalize on the diplomatic and economic benefits arising from the escalating trade war between the United States and Canada. As the US imposes tariffs even on its allies, China is positioning itself as a 'defender of free trade' and accelerating trade relations with Canada and other countries.Canada Responds to US Tariffs with Strong Measures, Expands Economic Cooperation with ChinaStarting September 8, Canada will impose retaliatory tariffs on approximately 700 US products
KOSPI Rises Over 2% on Institutional Buying; Samsung, SK Hynix Gain
코스피가 기관의 순매수에 힘입어 2%대 상승하고 있다. According to the Korea Exchange, as of 1 p.m. on August 26, the KOSPI index rose by 144.40 points (2.14%) to 6,887.18 compared to the previous trading day. Institutional investors led the increase, net buying 616.3 billion won, while individual and foreign investors sold off, with net sales of 1.4779 trillion won and 165.4 billion won, respectively. Among the top market capitalization stocks, Samsung Electronics saw a 3.40% increase, and SK Hy
Industrial Electricity Rates to Vary by Region, Southern Areas to See Up to 18 Won Reduction
The government is moving forward with a plan to implement differentiated industrial electricity rates based on regional power supply conditions. The aim is to lower electricity rates in non-metropolitan areas, where power generation is abundant, to encourage businesses to invest in these regions and alleviate the concentration of power demand in the metropolitan area.◆Regional Differentiation in Industrial Electricity Rates to Encourage Business RelocationOn August 26, the Ministry of Climate En
Suspect in Murder of Chinese Student Allegedly Disposed of Victim's Body
A suspect in the murder of a 25-year-old Chinese female student in Gyeongsan, Gyeongbuk, has been arrested and is believed to have dismembered and disposed of parts of the victim's body.According to Yonhap News on August 26, the Gyeongsan police are searching for parts of the victim's body, which they suspect were discarded at a local waste incineration facility.Police confirmed that the suspect, identified as Jeong (in his 30s), was seen entering his residence with the victim around 2 a.m. on A
Jung Kyung-tae Accepts Disciplinary Action, Focuses on Constituents
Jung Kyung-tae, a member of the People Power Party, has announced that he will accept a disciplinary action that suspends his party membership for two years and six months.On August 26, Jung stated on his Facebook page, "I will accept the disciplinary action from the Ethics Committee of the People Power Party," adding, "I will not take the party's issues to court, nor will I request a retrial."He expressed that he believes the disciplinary action is very unfair, but emphasized, "Politics should
Oh Se-hoon Proposes 1.2-Fold Increase in Redevelopment Floor Area Ratio
The Seoul city government projects that if the floor area ratio regulations for redevelopment projects are relaxed by 1.2 times, the number of new housing units in the city could increase from 87,000 to 130,000 by 2031. Seoul Mayor Oh Se-hoon announced on August 26, following a second meeting with Minister of Land, Infrastructure and Transport Kim Yoon-deok, that the ministry has agreed to positively consider the proposal to relax the redevelopment floor area ratio. Previously, the city had sugg