Shinhan Bank Extends Interest Rate Cuts for High-Rate Borrowers
Shinhan Bank will extend its interest rate reduction support for customers with high-rate household loans for another year. This move follows the recent introduction of loan products aimed at low to mid-credit borrowers, as the bank continues to expand its inclusive finance initiatives. On August 26, Shinhan Bank announced the one-year extension of its interest rate reduction support for high-rate household loans. Since launching the 'Help Up & Value Up Project' in July of last year, the bank ha
Korea Agricultural Technology Agency Enhances Management of Agricultural Microorganisms in Jeonnam
The Korea Agricultural Technology Agency is strengthening the quality and safety management of agricultural microorganisms produced at agricultural technology centers in the Jeonnam region. After inspecting 75 samples of microbial culture solutions, the agency is providing tailored technical support to six cities and counties, including Muan, Damyang, Haenam, Goheung, Boseong, and Yeongam.On August 26, the agency announced that it had collaborated with the Jeonnam Agricultural Research Institute
LG Electronics Launches World's First 1000Hz FHD Gaming Monitor
LG Electronics has introduced the world's first gaming monitor that simultaneously achieves a 1000Hz refresh rate and Full HD (FHD) resolution. The company announced on August 26 that it will launch the new LG UltraGear model, which supports a native 1000Hz refresh rate at FHD (1920×1080) resolution, in the domestic market.The refresh rate indicates how many times the screen is updated per second, with 1000Hz meaning it can display up to 1000 frames in one second. A higher refresh rate allows fo
Government Accelerates Water Supply Network for Semiconductor Industrial Complexes
The government is speeding up the establishment of a water supply network, a key infrastructure for large-scale semiconductor investments. It is checking the progress of projects from the newly proposed semiconductor industrial complex in the Honam region to the ongoing project in Yongin, ensuring that water is supplied in line with the operational timelines of corporate production facilities.The Ministry of Climate Energy and Environment announced that it will inspect the water supply projects
Challenges Ahead of First Designation of Peace Economic Zone
As the first designation of the Peace Economic Zone approaches at the end of the year, concerns have been raised that current levels of support will not create sufficient investment incentives in border regions. This is due to the lack of a specified scale for government funding and the fact that benefits such as corporate tax reductions and subsidies largely adhere to existing regulations.The Korea Institute for Industrial Economics and Trade highlighted these issues in a report on August 26, t
Refining Companies to Allow Gas Stations to Purchase Up to 40% of Products from Competitors
Gas stations will now be able to purchase up to 40% of their fuel products from companies other than their contracted refining company, as specified in the revised standard contract. The previous practice of post-settlement, where final prices were determined about a month after receiving products, will also be fundamentally abolished.The Fair Trade Commission (KFTC) announced on August 26 that it has revised the 'Standard Agency Contract for the Oil Distribution Industry' to include these chang
LG Electronics to Hire New Employees Focused on Robotics and Smart Factories
LG Electronics is set to recruit new employees in the second half of the year, focusing on future business areas such as robotics and smart factories. This move is seen as a strategy to secure technical talent not only for traditional home appliances and automotive components but also for growth sectors.On August 26, LG Electronics announced that it will conduct its second-half recruitment through the LG Group hiring portal until September 13. The hiring will involve various divisions, including
SK hynix Unveils Full Lineup of AI Memory Products at Dell Forum
SK hynix is expanding its collaboration with global clients by showcasing a comprehensive range of memory products for artificial intelligence (AI) data centers. The company is highlighting its capabilities in the AI infrastructure market by broadening its portfolio to include high-bandwidth memory (HBM), server DRAM, and enterprise solid-state drives (SSDs).On August 25, SK hynix participated in the 'Dell Technologies Forum 2026' held at COEX in Gangnam, Seoul, where it unveiled AI memory produ
Labor Department Sets Weight Limits for Grocery Delivery Orders
To reduce the burden on workers delivering heavy items like bottled water and rice, the Labor Department will now allow weight limits to be specified in contracts. The practice of unilaterally imposing costs for substitute vehicles on drivers in situations where delivery is not possible will also be improved.On August 26, the Ministry of Employment and Labor announced the establishment of a 'Standard Contract and Utilization Guide for Grocery Delivery Workers' in collaboration with transportatio
SK Innovation Shares Plunge 14% Following Merger Announcement with SKIET
SK Innovation's shares fell by over 14% in early trading after the company announced it would absorb its battery separator subsidiary, SK IE Technology (SKIET). Meanwhile, SKIET's stock rose by more than 5%, reflecting mixed market reactions.As of 9:25 a.m. on the Korea Exchange, SK Innovation's shares were trading at 107,400 won, down 14.08% or 17,600 won from the previous trading day. In contrast, SKIET's shares were up 5.28% at the same time.Both companies held board meetings the previous day