Housing Association Donates 30 Million Won for Flood Relief in Geoje and Tongyeong
The Korea Housing Association (KHA) has donated 30 million won to support recovery efforts in the flood-affected regions of Geoje and Tongyeong in South Gyeongsang Province.On August 24, KHA officials presented the relief fund at Geoje City Hall, as announced on August 25. The donation was made possible through contributions from the KHA central office and 13 regional chapters across the country. The ceremony was attended by Park Jae-bok, president of the KHA Busan chapter, and Kim Chan-soo, pre
GTX-C and Four Other Private Investment Projects Approved
Four private investment projects, including the GTX-C and the Bujeon-Masan Line, have been approved by the Private Investment Project Review Committee. The total cost of these projects is estimated at 6.8 trillion won.The Ministry of Economy and Finance announced that during the fifth meeting of the Private Investment Project Review Committee, chaired by Deputy Minister Cho Yong-beom, four projects in the railway and environmental sectors, along with a revision of the basic plan for private inve
Former KT CEO Koo Hyun-mo Acquitted of Interfering with Subcontractor Management
Koo Hyun-mo, the former CEO of KT, was acquitted in a first trial on charges of improperly intervening in the appointment of a subcontractor's CEO.The Seoul Central District Court's Criminal Division 23, led by Judge Oh Se-yong, ruled on the 25th that Koo was not guilty of violating the Subcontracting Act.Koo was accused of directing the appointment of a former executive from a KT affiliate as the CEO of KS Mate, a subcontractor of KT's subsidiary KT Telecop, thereby interfering in its managemen
GS Engineering & Construction Partners with International Architects to Create Future Housing Solutions for Climate Change
GS Engineering & Construction is collaborating with international architects to develop future housing environments that can respond to climate change, including heavy rain, heat waves, and fine dust.On August 25, GS Engineering & Construction announced that it is conducting joint research with the architectural and innovation design group CRA, led by renowned architect Carlo Ratti, on the theme of 'future housing concepts for climate crisis response.'Carlo Ratti is the director of the Sensible
Kakao AI Board of Directors Includes Former Officials
Kakao has finalized the board composition for its newly established subsidiary, Kakao AI, which will be launched through a corporate split. The company is focusing on building a separate decision-making system centered on artificial intelligence (AI) with key appointments in technology, policy, and finance.According to the split plan disclosed on August 21, Kakao AI's board of directors will consist of four external members: Im Hye-sook, former Minister of Science and ICT; Kim Dae-ji, former Com
Pakistan Delegation Reports Significant Progress in Iran Amid U.S. Sanctions
Despite the economic tensions between the United States and Iran, a Pakistani delegation visited Iran for high-level talks, reporting "significant progress" in negotiations. As tensions rise due to U.S. economic sanctions against Iran, the ongoing mediation efforts through Pakistan highlight the potential for diplomatic solutions between the two countries.Mohsin Naqvi, Pakistan's Interior Minister and a member of the delegation, shared details of the meeting with Iranian President Masoud Pezeshk
South Korean Prime Minister: Youth Housing Supply Challenging Amid Redevelopment Efforts
South Korean Prime Minister Han Seung-sook stated on August 25 that the youth housing supply related to redevelopment and reconstruction, emphasized by Seoul Mayor Oh Se-hoon as part of real estate supply measures, is currently challenging due to pricing and various conditions.During a comprehensive policy inquiry at the National Assembly Budget and Settlement Special Committee, Han responded to a question from Democratic Party lawmaker Kim Nam-kun about whether youth housing could be supplied t
Court to Hold Jury Trial for Former President Moon Over Bribery Charges
The court handling the bribery and preferential hiring allegations against former President Moon Jae-in's son-in-law, Seo, has selected seven witnesses ahead of the trial.The 21st Criminal Division of the Seoul Central District Court, led by Judge Jo Soon-pyo, made this decision on the 25th during the sixth pre-trial hearing for Moon and former lawmaker Lee Sang-jik.Pre-trial hearings are procedural discussions to outline evidence plans before the main trial, and defendants are not required to a
SK Innovation to Absorb Battery Separator Subsidiary SKIET
SK Innovation will absorb its battery separator subsidiary, SK IE Technology (SKIET). Amid a temporary slowdown in electric vehicle demand, SKIET has faced poor performance, prompting the parent company to end its separate corporate structure and integrate the business to reduce financial burdens and improve operational efficiency.On August 25, SK Innovation and SKIET held board meetings and approved the merger proposal.The merger will proceed with SK Innovation absorbing SKIET. The surviving co
Suspicion of Foul Play in the Death of Missing Jeju Woman
The body believed to be that of missing woman Jang Mi-ran was discovered at a Canary palm farm near her accommodation in Jeju. Local residents familiar with the area have raised serious questions about the possibility of foul play and the circumstances surrounding her death.On August 25, a post was shared on an online community by an individual identifying as a resident of Suwon-ri in Jeju City, living approximately 500 meters from the site where the body was found.The author, referred to as A,