Korean Party Delays Decision on Local Committee Chair Elections Amid Internal Dissent
The Supreme Council of the People Power Party did not finalize discussions on the election method for local committee chairs on August 24, postponing the agenda once again. This follows a previous delay on August 20, when the leadership decided to gather opinions from lawmakers. As opposition among party members intensified, concerns grew within the leadership, including Jang Dong-hyuk, the party leader.The Supreme Council was scheduled to discuss changes to the election method for local committ
Netmarble Accelerates Japanese Market Strategy with Tailored Lineup at TGS
Netmarble is ramping up its efforts to penetrate the Japanese market by participating in the Tokyo Game Show (TGS). As part of Chairman Bang Jun-hyuk's emphasis on enhancing global competitiveness, the company is focusing on the preferences of Japanese users this year. At TGS, Netmarble plans to showcase a lineup of new titles to strengthen its presence in the local market.According to the gaming industry on August 24, Netmarble will participate in the global gaming exhibition Tokyo Game Show 20
Dunamu Partners with Seoul Agencies to Drive Digital Innovation in Traditional Markets
Dunamu is set to enhance the competitiveness of traditional markets and small businesses in Seoul by utilizing digital, artificial intelligence (AI), and blockchain technologies.On August 24, Dunamu announced that it has signed a memorandum of understanding (MOU) with the Seoul Regional Office of the Small and Medium Business Administration and the Seoul branch of the Small Business Market Promotion Corporation to boost the competitiveness of traditional markets and small businesses.The agreemen
Special Prosecutor's Investigation Concludes with 46 Cases Transferred
The second comprehensive special investigation team, led by Special Prosecutor Kwon Chang-young, has concluded its 180-day investigation, resulting in the indictment of 58 individuals. However, opinions on the investigation's success are mixed. While the investigation clarified the criminal structure behind the allegations of the presidential residence relocation, key cases related to insurrection and obstruction of justice remain unresolved.On August 24, the special prosecutor's office reported
BNK Financial Group Offers 1.6 Trillion Won Special Loans to Local SMEs Ahead of Chuseok
BNK Financial Group will provide special loans totaling 1.6 trillion won to support local small and medium-sized enterprises (SMEs) and small business owners facing financial difficulties ahead of the Chuseok holiday.On August 24, BNK Financial Group announced that it will offer the 'BNK 2026 Chuseok Special Loan' through BNK Busan Bank and BNK Gyeongnam Bank.This special loan program aims to alleviate the financial burden on local SMEs and small businesses struggling due to economic downturns,
Judicial Leaders Emphasize Rule of Law Amid Tensions
Chief Justice Cho Hee-dae emphasized the importance of the rule of law amid changes in the judicial system, while Seo Young-kyo, chairwoman of the National Assembly's Legislative and Judiciary Committee, stressed the need for judges to pursue truth unequivocally.Tensions between the government and the Supreme Court continue over the controversy surrounding Supreme Court justice appointments, as both leaders delivered contrasting messages at the 34th Lawyers' Conference for the Rule of Law held o
South Korean Prime Minister Takes Responsibility for Jeju Missing Person Case
South Korean Prime Minister Han Seong-sook expressed her deep condolences for the late Jang Mi-ran on August 24, stating, "I feel an infinite responsibility for this incident."In a post on X (formerly Twitter), she emphasized, "Nothing is more precious than the lives and safety of our citizens," and assured that the government would make every effort to ensure a thorough and fair investigation into the missing person case.During a comprehensive policy inquiry at the National Assembly's Budget an
Top Four Insurers Improve Auto Insurance Loss Ratio Over Past Year
The loss ratio for auto insurance among South Korea's top four non-life insurers dropped by nearly 6 percentage points last month compared to the same month last year. However, the loss ratio increased compared to the previous month, and the cumulative loss ratio for the year is higher than last year.According to the insurance industry on August 24, the average loss ratio for auto insurance among Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, KB Insurance, and DB Insurance was
How to Purchase the 20% Discounted Agricultural Product Coupons Starting Today
The issuance of the 'Korea Agricultural Product Coupons,' which allow consumers to purchase domestic fresh agricultural products at a 20% discount, began today.According to the Ministry of Agriculture, Food and Rural Affairs on August 24, the agricultural product coupons will be sold sequentially by region, with different issuance dates and times. These coupons are mobile vouchers available through Zero Pay, aimed at reducing grocery costs and supporting the consumption of domestic fresh agricul
Korean Won Reflects Economic Fundamentals Amid Currency Fluctuations
The won-dollar exchange rate has shifted from being heavily influenced by short-term supply and demand conditions to reflecting the fundamentals of the South Korean economy. Improved foreign investment in domestic stocks and increased dollar sales by export companies have contributed to a more stable foreign exchange market. These fundamental factors, including strong export performance and a current account surplus, are supporting the won's appreciation, raising the possibility of further decli