Consumer Sentiment Declines Amid Stock Market Adjustments and Rising Prices
As the stock market adjusts and prices rise, consumer sentiment has taken a downturn.According to a consumer trend survey released by the Bank of Korea on August 25, the Consumer Confidence Index (CCSI) for August stands at 104.5, a decrease of 2.3 points from the previous month.The CCSI had dropped significantly in April due to the impact of the Middle East conflict, falling by 7.8 points to 99.2. However, it showed improvement for three consecutive months in May, June, and July. Despite positi
Coway Expands B2B Market with Customized Consulting and Services
Coway is expanding its B2B market by combining product sales with customized consulting, professional installation, and care services. The company analyzes the unique usage environments of each business to propose products and support installation and management.On August 25, Coway announced that it is providing tailored solutions for environmental appliances such as water purifiers, air purifiers, and bidets in response to demand in the B2B market. As corporate clients' needs have expanded from
Korean Economy Needs New Growth Drivers, Says Park Yang-soo
The Korean economy is showing growth centered around semiconductors, but the gap between macroeconomic indicators and the public's perception of the economy remains unresolved. Park Yang-soo, head of the Korea Chamber of Commerce and Industry's Economic Research Institute, emphasized the need for Korea to secure new growth drivers to make a significant leap forward rather than settling for the current growth trend.In a recent interview with Aju Economy, Park diagnosed that "the gap between macro
South Korean Foreign Minister Jo Hyun Discusses North Korea with U.S. Secretary Rubio
South Korean Foreign Minister Jo Hyun spoke with U.S. Secretary of State Marco Rubio on August 24, exchanging views on recent developments regarding the Korean Peninsula and U.S.-South Korea relations. This call is notable as it follows President Donald Trump's announcement of his intention to engage in dialogue with North Korean leader Kim Jong Un.According to the Ministry of Foreign Affairs, the two ministers discussed maintaining a strong U.S.-South Korea defense posture while committing to c
KCCI Appoints Lee Si-wook as Head of Economic Research
The Korea Chamber of Commerce and Industry (KCCI) announced on August 24 that it has appointed Lee Si-wook, the former head of the Korea Institute for International Economic Policy (KIEP), as the new head of its Economic Research division. Lee recently passed the employment review by the government’s Public Service Ethics Committee. He is set to officially begin his role at KCCI on September 1. Born in 1967, Lee graduated from Yonsei University with a degree in economics. He holds a master’s deg
Woman in Her 50s Found Dead in Jeju; Police Pursue Suspect
A woman in her 50s was found dead in Jeju, prompting a police investigation. According to Yonhap News, the woman, identified as A, was discovered deceased at a residence in Namwon-eup, Seogwipo City, around 7 p.m. on August 24. Police are treating the case as a homicide and have begun forensic examinations while searching for a suspect. This incident follows a series of recent discoveries of bodies believed to be missing persons in Jeju. Four bodies have been found in the past three days. On Aug
Body of Missing Person Found in Jeju, Fourth Discovery Since August 22
Four bodies presumed to be missing persons found in Jeju over three days Four bodies believed to be missing persons have been discovered in Jeju over the past three days, starting from August 22. According to Yonhap News on August 24, a male body, estimated to be in his 70s, was found by a fisherman at 3:04 a.m. on August 23 near Sinheung-ri in Jeju City. The fisherman reported the discovery to the local fire department. The Jeju Coast Guard confirmed that this man had been reported missing
Incheon Area Experiences 2.5 Magnitude Earthquake
A 2.5 magnitude earthquake struck near Baengnyeongdo, Incheon. According to the Korea Meteorological Administration, the earthquake occurred at 8:55:52 PM on August 24, 2026, in waters 35 kilometers southwest of Ongjin County, Incheon. The epicenter was located at a latitude of 37.66 degrees north and a longitude of 124.54 degrees east, with a depth of 17 kilometers. Additionally, a 3.1 magnitude earthquake was reported on August 23 at 6:43:01 AM, 21 kilometers northwest of Haenam County in Gwan
Jung Jeom-sik Vows Thorough Review of Special Inspector Nominee
Jung Jeom-sik, the floor leader of the People Power Party, stated on August 24 that he will ensure a thorough review of the special inspector nominee, Choi Gil-soo, who was appointed by President Lee Jae-myung. In a Facebook post, Jung expressed disappointment that the president did not nominate a candidate recommended by the People Power Party after prior consultation, but acknowledged that a nominee had finally been put forward after 447 days. He speculated that the Democratic Party likely res
People Power Party to Hold Retreat in Goyang with Park Geun-hye Expected to Attend
The People Power Party will hold a retreat in Ilsan, Goyang, from August 27 to 28, with all party members expected to attend.According to Yonhap News on August 24, former President Park Geun-hye is anticipated to attend the retreat on the first day, August 27. This follows an invitation extended by the party's floor leader, Jeong Jeom-sik, during a recent visit to Park's residence in Daegu. It is unusual for a former president to participate in such an event.Park previously campaigned for People