Kyochon Revives 100-Year-Old Brewery, Named Culinary and Cultural Landmark
Kyochon F&B has restored a century-old brewery in Yeongyang, creating the 'Fermentation Workshop 1991,' which has been recognized as a culinary and cultural landmark through a public vote.The agricultural corporation Fermentation Workshop 1991 announced on August 24 that it was selected in two categories—culinary and culture, arts, and tradition—by the Ministry of Culture, Sports and Tourism and the Korea Tourism Organization as part of the '100X100 Project' to discover notable sites in South Ko
Gunpo Uiwang Offers 1:1 Customized College Admission Consulting for 270 Students
The Gunpo Uiwang Education Support Office launched a customized college admission consulting program on August 22, aimed at assisting students with career and college planning in line with the high school credit system and the 2022 revised curriculum. According to the office, the program took place at the Gunpo High School gymnasium, serving 270 students from local middle schools and first and second-year high school students through the '2026 Gunpo Uiwang High School Credit System-Based 1:1 Cus
Samsung Electronics Announces Record 110 Trillion Won Shareholder Return Plan, Shares Drop 6%
Samsung Electronics has announced a record shareholder return plan worth up to 110 trillion won, but its stock price fell by over 6% in early trading. Analysts suggest that the emphasis on cash dividends rather than stock buybacks and cancellations has dampened investor sentiment.As of 9:55 a.m. on the Korea Exchange, Samsung's shares were trading at 264,500 won, down 17,000 won (6.04%) from the previous trading day.On August 21, Samsung announced a shareholder return plan valued between 90 tril
Alibaba Raises $14 Billion Through New Share Issuance to Boost AI Investments
Chinese tech giant Alibaba plans to issue approximately 14 trillion won in new shares to invest in its artificial intelligence (AI) business. The company is rapidly increasing its infrastructure investments in data centers and semiconductors to remain competitive in the AI sector.According to the China Business Journal, Alibaba announced on August 23 that it intends to issue 710 million new shares at a price of 112.7 Hong Kong dollars (about 20,000 won) per share to raise 80 billion Hong Kong do
Prepaid Service Companies Required to Review Virtual Asset Investments
Prepaid service companies, including those involved in prepaid installment transactions, will be required to consider stability, liquidity, and profitability when managing consumer advance payments. Large firms with advance payments exceeding 100 billion won must establish and operate an Advance Payment Management Review Committee to ensure the stability of fund management and transparency in decision-making.The Fair Trade Commission announced on the 24th that it will issue an administrative not
LG Electronics Celebrates 10 Years of Youth Empowerment in Ethiopia
LG Electronics' vocational training program supporting youth independence in Ethiopia has achieved significant results over the past decade. This initiative, which goes beyond simple educational support to connect young people with employment and entrepreneurship opportunities, exemplifies a Korean model of development cooperation.On August 22, LG Electronics announced the 10th graduation ceremony at the LG-KOICA Hope Vocational Training School in Addis Ababa, Ethiopia. This year, 68 students gr
Accor Appoints Jo Min-sook as Vice President for Korean Operations
Global hotel group Accor has appointed Jo Min-sook as the new vice president overseeing its operations in South Korea. With over 30 years of experience in sales, marketing, and hotel management, Jo has been instrumental in launching several Accor brands in the country. Accor aims to leverage Jo's expertise to ensure the stable opening of new hotels and enhance the operational competitiveness of existing properties.Accor announced on August 24 that Jo Min-sook will manage the overall operations o
Kim Min-seok: Chief Justice Cho Hee-dae Should Stop His Futile Schemes
Kim Min-seok, the leader of the Democratic Party, warned on August 24 that Chief Justice Cho Hee-dae and Noh Kyung-pil, head of the Court Administration Office, should "stop their futile schemes" amid controversy over the 'written recommendation' for Supreme Court justices. He also announced plans to establish an internal task force (TF) to address party unification and the issue of dual party membership.During a Supreme Council meeting held at the National Assembly, Kim referred to the controve
Pulmuone Seeks Participants for 'Autumn Harvest Trip' for Mothers and Daughters
Pulmuone is offering a program this autumn for mothers and daughters to experience harvesting, cooking, and meditation in nature.On August 24, Pulmuone announced that it is recruiting participants for its 'Stay Pulmuone' autumn program, which will take place from October 23 for two days at the Pulmuone Academy in Goesan, North Chungcheong Province.Now in its fifth year, Stay Pulmuone is designed to allow customers to directly experience Pulmuone's sustainable eating habits and brand values. The
Chinese Football Association Finds No Evidence in Korean Prostitution Allegations
The Chinese Football Association has conducted an internal investigation into allegations that its officials were involved in a prostitution scandal linked to the Korea Football Association, but reported finding no supporting evidence.According to Yonhap News on August 23, the Chinese Football Association stated via social media that it quickly formed an investigation team in response to reports from some media outlets regarding the alleged involvement of its officials in 'inappropriate hospital