Independent lawmaker Han Dong-hoon criticized President Lee Jae-myung on August 23 after the president apologized for the exclusion of former Democratic Party lawmaker Noh Woong-rae from the party's candidacy. Han stated, "This is merely a buildup to somehow cancel the charges against himself."In a post on his Facebook page, Han remarked, "The person who knows better than anyone that Noh received money is President Lee." He added, "When Noh was cut off from the Democratic Party during the last g

A new technology has been developed that enhances heat transfer performance by up to 5.5 times by improving the way water droplets form and fall. This advancement is expected to increase energy efficiency in power plants and desalination facilities, as well as improve cooling performance in electronic devices.The Korea Advanced Institute of Science and Technology (KAIST) announced on August 23 that a joint research team led by Professors Nam Young-seok from the Department of Mechanical Engineeri

Minister of Land, Infrastructure and Transport Kim Yoon-duk and Seoul Mayor Oh Se-hoon are set to meet again this week to discuss expanding housing supply in Seoul. This time, they are expected to seek common ground regarding the use of public land around the park and the easing of regulations on private redevelopment projects. Notably, Camp Kim and other scattered sites near Yongsan Park have emerged as potential compromises.According to government and city officials on August 23, the two leade

Hanwha Group is intensifying its efforts to penetrate the U.S. defense market, the largest in the world. Following its successful export of the K9 self-propelled howitzer, the company is set to inject significant funds into its local defense subsidiaries. This move aims to solidify its business foundation while rapidly expanding into maritime defense centered around the Philadelphia shipyard.According to industry sources on August 23, Hanwha has decided to invest up to $299 million (approximatel

As Nvidia's second-quarter earnings report approaches, forecasts suggest that rising memory prices will lead to a significant increase in the prices of Nvidia's AI servers. With ongoing investment in AI infrastructure, the memory supply shortage could present new opportunities for Samsung Electronics and SK Hynix.On August 22, Bloomberg reported, citing sources, that some of Nvidia's major customers have been informed that prices for AI servers will rise by more than 15% for many products. The p

As the won-dollar exchange rate declines and stock market volatility increases, investors are rapidly shifting their funds. While dollar deposits and gold-related products are seeing significant inflows, sales of exchange-traded funds (ETFs) and the balances of negative bank accounts are decreasing, indicating a clear preference for safe assets among banks.According to the financial sector on the 23rd, the total dollar deposit balance at the five major banks (KB Kookmin, Shinhan, Hana, Woori, an

China's state-run media has declared that the United States' additional sanctions against Iran are misguided and that China will not participate in them. The media outlet reiterated calls for a ceasefire and dialogue between the U.S. and Iran.In an editorial published on August 22, the Global Times stated, "China will not join the U.S. in its 'reckless actions' and the international community will not side with the U.S. either." This response follows President Donald Trump's warning on August 19

Hana Bank, in collaboration with the Technology Guarantee Fund and the Credit Guarantee Fund, will provide a total of 200 billion won in financial support for young entrepreneurs and businesses.On August 23, Hana Bank announced that it had signed a business agreement for the "Y-Bridge Guarantee Financial Support for Young Enterprises" at its headquarters in Euljiro, Seoul.The support is aimed at individual entrepreneurs under the age of 39 who meet the guarantee requirements, as well as companie

This year, domestic banks reported a net profit of 13.8 trillion won for the first half, a decrease of 9 trillion won compared to the previous year. Although interest income exceeded 32 trillion won, marking the highest amount ever recorded for a half-year, significant valuation losses on securities due to rising interest rates impacted overall profitability.According to the Financial Supervisory Service's preliminary report on the first-half performance of domestic banks released on August 23,