LH Streamlines New Construction Purchase Process to Accelerate Rental Supply in Seoul Area
The Korea Land and Housing Corporation (LH) is simplifying its procedures to expedite the acquisition of new construction rental units in the Seoul metropolitan area. The aim is to expand the supply of rental housing by allowing applications with only a simplified business plan, without the need for detailed design drawings.On August 25, LH announced the introduction of the 'Simplified New Construction Purchase Application and Preliminary Site Review Project' to secure new construction rental un
Shinhan Bank and Credit Guarantee Fund Expand Non-Face-to-Face Loan Services for Small Businesses
Shinhan Bank is partnering with the Credit Guarantee Fund to expand non-face-to-face guarantee and loan services for individual business owners and small enterprises. On August 25, Shinhan Bank announced that it has signed a memorandum of understanding for the activation of non-face-to-face and digital financial services with the Credit Guarantee Fund. Under the agreement, Shinhan Bank plans to introduce the 'Easy-One' guarantee product in the first half of next year, linking the Credit Guarante
Kim Yoon-deok and Oh Se-hoon to Meet Again on August 26 for Yongsan Park Housing Talks
Kim Yoon-deok, the Minister of Land, Infrastructure and Transport, and Oh Se-hoon, the Mayor of Seoul, will meet again on August 26 to discuss housing supply plans utilizing Yongsan Park. This second meeting comes a week after their initial discussion on August 20, where they only confirmed their differing positions. Attention is focused on whether the government and the city can find common ground on expanding housing supply in downtown Seoul.According to the government and Seoul City, the two
President Lee Calls for Productive Financial Strategy Amid 800 Trillion Won Budget Proposal
President Lee Jae-myung emphasized the need for proactive financial policies on August 25, stating, "Now is not the time to be preoccupied with managing immediate financial figures" in relation to the 2026 budget proposal.During a Cabinet meeting held at the Blue House, President Lee remarked, "We must ensure that our increased financial capacity is used as seeds to harvest more in the future, transitioning to a productive financial strategy."He stressed the importance of investing precious futu
Hancom Launches First Corporate Trial of 'Agentic OS' with Namyang Dairy
Hancom has taken its first step in applying its self-developed 'Agentic OS' in a corporate setting. Following its provision of AI solutions to BGF Group, Namyang Dairy is now participating in the proof of concept (PoC) for Agentic OS, accelerating the expansion of its AI transformation (AX) business in the manufacturing and distribution sectors.On August 25, Hancom announced the commencement of a PoC to apply Agentic OS in Namyang Dairy's actual business environment. This initiative aims to esta
Subwon Becomes First in MRO Industry to Achieve Aerospace Quality Certification
Subwon, a specialized MRO (Maintenance, Repair, and Overhaul) procurement solutions company, is enhancing its quality management capabilities in the aerospace and defense sectors while expanding its supply chain operations.On August 25, Subwon (CEO Lee Guk-hwan) announced that it has become the first in the MRO industry to receive the AS/EN 9120 certification, established by the International Aerospace Quality Group (IAQG).AS/EN 9120 is part of the AS/EN 9100 series, recognized as a global stand
Han Yu-won Receives 'Yangcheon Model Citizen Award' for Community Contribution
The Korea Small and Medium Business Distribution Institute, under the Ministry of SMEs and Startups, announced on August 25 that it received the 'Model Citizen Award' from Yangcheon District on August 24 in Seoul.The Yangcheon Model Citizen Award is given to individuals or organizations that have contributed to the welfare of residents and the development of the district through dedicated service.Han Yu-won, located in Yangcheon District, was recognized for its active social contribution activit
Changes to Japan's Duty-Free Shopping for Travelers Starting November
Japan's duty-free shopping system for travelers is set to undergo significant changes.According to the Japan National Tourism Organization, starting November 1, the consumption tax exemption system for foreign travelers will shift from an immediate duty-free method to a refund system.The most notable change will occur at the checkout. Duty-free eligible travelers will now need to pay the price that includes consumption tax upfront. After making a purchase, they must confirm with customs that the
Suwon Extends Foreign Land Transaction Approval Zone for One Year
The city of Suwon, Gyeonggi Province, announced on August 25 that the foreign land transaction approval zone will be extended for one year, from August 26 to August 25, 2027, following re-designation by the Ministry of Land, Infrastructure and Transport.Under the new regulations, foreign purchases of land exceeding 6 square meters in residential areas and 15 square meters in commercial areas will require approval.According to the Ministry, the volume of foreign housing transactions in the metrop
Actor Jang Dong-yoon to Marry Kim Seung-yoon in October
Actor Jang Dong-yoon, 34, will marry fellow actor Kim Seung-yoon, 29, in October.On the 25th, a representative from Jang Dong-yoon's agency, BH Entertainment, stated, "Jang Dong-yoon and Kim Seung-yoon plan to hold a quiet ceremony with their families in October."Jang Dong-yoon also shared on his social media, "I will be marrying someone I have been with for a long time in October. We plan to hold a quiet ceremony with our families."He added, "There were many thoughts and concerns before making