KAMCO (Korea Asset Management Corporation) is partnering with Standard Chartered Bank's Singapore branch to jointly establish a ship fund worth approximately 286 billion won. This initiative aims to expand financial support for domestic small and medium-sized shipping companies facing challenges in securing foreign currency long-term funding. KAMCO announced on the 25th that it signed a 'Memorandum of Understanding for the Activation of Ship Financing' at the headquarters of SC Bank Singapore o

Celltrion is expanding its product portfolio with the launch of the 300mg version of Omliclo (ingredient name: omalizumab) in major European countries, aimed at treating chronic spontaneous urticaria and allergic asthma.On August 25, Celltrion announced that Omliclo has secured a competitive edge as the first-mover omalizumab biosimilar in Europe, and the company plans to leverage its broad product portfolio to enhance market influence and accelerate sales.Omliclo is a biosimilar of omalizumab,

Amid ongoing uncertainty in the Middle East, the government will resume its oil reserve swap program starting this week to address delays in oil imports. Concerns over maritime transport disruptions in the Red Sea and other areas have led to the anticipation that some oil shipments scheduled for September may be delayed until October.Additionally, emergency supply measures for naphtha and petrochemical raw materials will be effectively extended until January of next year.According to relevant go

NH Investment & Securities has fully subscribed its comprehensive investment account (IMA) product for the third consecutive time, with significant inflows from high-net-worth individuals and corporate funds. Notably, the proportion of sales from clients with financial assets exceeding 1 billion won reached 68%, indicating growing interest from affluent investors.According to NH Investment & Securities, the 'N2 IMA1 Medium Type 3' product, which began accepting subscriptions on August 18, reache

The KOSPI index successfully reversed its early losses on August 25, buoyed by buying from retail and institutional investors. The KOSDAQ also turned positive by the end of trading.According to the Korea Exchange, the KOSPI closed up 45.78 points (0.68%) at 6,742.74. The index opened down 161.03 points (2.40%) at 6,535.93 and at one point fell as much as 4.30%, dipping below 6,400. It managed to turn around around 2 p.m.In the securities market, retail investors purchased a net 1.5 trillion won,

The tug-of-war between the Ministry of Land, Infrastructure and Transport and Seoul City over Yongsan Park is reaching a critical juncture. Minister Kim Yun-deok and Mayor Oh Se-hoon are set to meet again on the morning of August 26 to discuss housing supply solutions in Seoul, just six days after their initial meeting. With significant differences remaining regarding the use of Yongsan Park, the key question is whether they can make progress on alternative sites and easing regulations on privat

Park Kwan-yeol, the mayor of Gwangju, reiterated his responsibility as a public servant dedicated to serving citizens on August 25.On this day, Mayor Park held a traditional ceremony at Gwangju Hyanggyo and Sungnyeoljeon, marking the new beginning of the 9th elected term of Gwangju's governance.About 50 attendees were present at the ceremony, including Mayor Park, Park Sang-young, chair of the Gwangju City Council, city council members, Sim Do-sik, head of Gwangju Hyanggyo, Lee Dan-woo, presiden

President Lee Jae-myung stated that now is not the time to be overly focused on immediate financial figures regarding next year's budget. He called for a shift towards 'productive finance' that prioritizes investments in artificial intelligence (AI) and advanced industries.The ruling Democratic Party and the government plan to incorporate five key areas into the proposed budget, which is expected to exceed 800 trillion won, the largest in history. These areas include expanding future growth engi

Director Lee Chang-dong's latest film, 'Possible Love,' has been selected as South Korea's entry for the International Feature Film category at the 99th Academy Awards.The Korean Film Council announced that 'Possible Love' will represent South Korea in this category. Each year, the council selects one Korean film to submit to the Academy of Motion Picture Arts and Sciences.'Possible Love' tells the story of two couples—a laid-off worker and his wife, and a documentary filmmaker and her husband—w