EU Packaging Waste Regulation Takes Effect, Exporters Face Challenges
The European Union's Packaging and Packaging Waste Regulation (PPWR) is now in full effect, increasing the compliance burden for domestic exporters. Companies must verify various aspects, from the applicability of the regulations to packaging materials, labeling, and registration under the Extended Producer Responsibility (EPR) system.According to industry sources, the Korea Trade-Investment Promotion Agency (KOTRA) reported that over 730 people registered for its 'EU PPWR Response Webinar' held
NH Savings Bank Launches Stability Loan for Low and Mid-Credit Borrowers
NH Savings Bank announced the launch of the 'NH Mid-Interest Stability Loan' on August 24, aimed at providing financial support for low and mid-credit borrowers. The loan is available to Korean citizens aged 19 and older with a credit score in the bottom 50% at the time of application. Eligible applicants must have been employed for at least six months and have an annual income of at least 12 million won. Borrowers with existing credit loan balances that exceed their annual income can also appl
President Lee Jae-myung Accepts Resignation of Justice Minister Jeong Seong-ho
이재명 대통령이 24일 건강 악화를 이유로 사직서를 제출한 정성호 법무부 장관의 사의를 수리했다. 강유정 청와대 수석대변인은 이날 언론 공지를 통해 “이 대통령은 건강 악화로 더 이상 직무를 수행하기 어렵다는 뜻을 밝힌 정 장관의 사의를 수리했다”고 밝혔다. 강 수석대변인은 이어 “정부는 국정 운영에 차질이 없도록 신속히 후속 인선을 진행할 예정”이라고 말했다. 정 장관은 지난 18일 인사혁신처와 청와대에 사직서를 제출하며 공식적으로 사퇴 의사를 밝혔다. 정 장관이 건강 문제를 들어 장관직 수
Kim Min-seok and Jang Dong-hyuk Discuss Ongoing Dialogue Amid Disagreements
Kim Min-seok, the leader of the Democratic Party, met with Jang Dong-hyuk, the leader of the People Power Party, on August 24 to propose a resumption of communication between the ruling and opposition parties, which had been disrupted under former leader Jeong Cheong-rae. Jang agreed, stating he shares the sentiment that dialogue between party leaders should not cease, but he expressed concerns and publicly opposed issues such as the controversy over the Supreme Court justice nomination and real
D-EXPO Showcases Deep Tech Startups in Daejeon
The Korea Small and Medium Enterprises and Startups Agency (KOSME) announced that it held the 'D-EXPO' on August 24 at the Onoma Hotel in Yuseong-gu, Daejeon.D-EXPO is an integrated technology exchange program designed to share the latest trends in deep tech and investment strategies, while exploring the potential for technology convergence and collaboration among industry, academia, and research experts. Deep tech refers to innovative technologies that create new markets and industries based on
Drowning Incidents Surge in France Amid Prolonged Heatwave
Drowning incidents in France have surged as people jump into water to escape a prolonged heatwave.On August 23, BBC reported that Marina Ferrari, France's Minister of Sports and Youth, stated in an interview with France Inter Radio that there have been 301 drowning fatalities in France since June 19. This marks a 14% increase compared to the same period last year.Ferrari described the rise as a "tragic toll," noting that many fatal accidents occurred in areas where swimming is not permitted or s
Naju City Proposes 1.27 Trillion Won Supplementary Budget Including 200,000 Won Recovery Support Fund
Naju City in South Jeolla Province has submitted a supplementary budget proposal of 1.2711 trillion won to the city council, aimed at boosting the recovery of the local economy and increasing investments in energy and advanced industries. This amount is 128.9 billion won (11.3%) higher than the first supplementary budget of 1.1422 trillion won. According to Naju City on August 24, the supplementary budget focuses on stabilizing the livelihoods of citizens and small business owners who are strugg
KOSPI Drops Over 3% Amid Samsung Group Stock Plunge; Retail Investors Buy 3.2 Trillion Won
The KOSPI index fell more than 3% to below 6,700 points, driven by a sharp decline in Samsung Electronics shares. Disappointment over Samsung's recently announced shareholder return plan led to heavy selling by foreign and institutional investors, pulling the index down.On August 24, the KOSPI closed at 6,696.96, down 216 points (-3.12%) from the previous trading day. Foreign and institutional investors sold a net 3.6881 trillion won and 1.2925 trillion won, respectively. Retail investors, howev
Former Presidential Aide Sentenced to 18 Months for Drafting Post-Hoc Martial Law Document
Kang Ui-goo, a former aide in the presidential office, was sentenced to 18 months in prison for drafting a post-hoc martial law declaration during the emergency martial law period. The Seoul High Court's Criminal Division 12-3, presided over by judges Kim Min-a, Lee Seung-cheol, and Jo Jin-goo, upheld the initial ruling on August 24, sentencing Kang to the same term of 18 months for charges including forgery of official documents. The court found that Kang created the cover document for the mart
Skilled Workers Compete in 51 Categories at National Skills Competition
Incheon is hosting 1,677 skilled workers from across the country who will compete in 51 categories, including industrial robots, cloud computing, welding, and baking.The Ministry of Employment and Labor announced on August 24 that the 61st National Skills Competition will take place until the 28th at six venues in Incheon, in collaboration with the Incheon Metropolitan City and the Incheon Metropolitan Office of Education.This year's event features 1,677 representatives from 17 provinces and cit