Weather: Showers Expected Across the Country with Feels-Like Temperatures Reaching 35 Degrees
On Saturday, the 22nd, the weather will be generally cloudy nationwide, with showers expected in various regions.Showers will begin in the Jeonnam region, western inland areas of Gyeongnam, and Jeju Island from the morning, expanding to the central and other southern regions by afternoon. Most of the showers will cease in the southern regions by late afternoon and in the central regions by evening.During the showers, gusty winds and thunder and lightning may occur, so caution is advised to preve
Youth Jeonse Limit Doubles as LH Faces Pricing and Deposit Recovery Challenges
The introduction of the universal youth jeonse rental program has doubled the support limit for young individuals in the metropolitan area from 120 million won to 240 million won. While this expands housing options for the youth, concerns have been raised about the increased burden of housing price assessments and deposit recovery for public housing providers like LH.On August 13, the Ministry of Land, Infrastructure and Transport announced the establishment of the universal youth jeonse rental
Seoul Housing Prices Rise, Gangnam Declines as 30-Somethings Shift to Gangbuk
Seoul's apartment prices continue to rise, with key areas in Gangnam experiencing declines while prices in Gangbuk are increasing, highlighting a stark regional disparity.The Korea Real Estate Agency reported on August 20 that for the third week of August 2026 (as of August 17), the national weekly apartment price trend showed a 0.22% increase in Seoul, up from 0.21% the previous week. The metropolitan area rose by 0.15%, while the national average increased by 0.08%, and regional areas remained
Healing Cafe Opens at Korea Culture and Tourism Institute
The Korea Culture and Tourism Institute has opened a one-day cafe for its employees, where members of the labor-management council personally served drinks and engaged with staff.On August 19, the institute, in collaboration with the labor-management council, operated a 'Labor-Management Healing Cafe,' as announced on August 22.This event was designed to provide a brief respite for employees during the summer and to create an opportunity for informal conversations between labor and management.A
KOSPI Volatile Amid U.S. Interest Rate Shock; NVIDIA Earnings Next Key Focus
The domestic stock market experienced significant fluctuations due to rising U.S. long-term interest rates. However, a major shareholder return announcement from SK Hynix and expectations for semiconductor earnings helped support the index, partially recovering losses. Next week, NVIDIA's earnings report, the U.S. Jackson Hole meeting, and the Bank of Korea's monetary policy committee are all scheduled, putting the market's judgment on interest rates and the AI investment cycle to the test.Accor
President Lee Apologizes to Roh Woong-rae After Acquittal in Appeal
President Lee Jae-myung apologized for excluding Roh Woong-rae, a former Democratic Party lawmaker, from the party's nomination during the 2024 general election after he was acquitted in his appeal on charges of bribery and illegal political funds.On August 21, President Lee posted on X (formerly Twitter), stating, "Former Congressman Roh Woong-rae has been acquitted in his appeal, just as he was in the first trial. I am sorry, respected senior, and I love you."President Lee described Roh as "a
President Lee Declares Special Disaster Areas in Geoje and Tongyeong, Additional Recovery Funds to be Provided
이재명 대통령이 기록적인 집중호우로 큰 피해가 발생한 경남 거제시와 통영시 일부 지역을 특별재난지역으로 우선 선포했다. 강유정 청와대 수석대변인은 21일 서면 브리핑을 통해 이 대통령이 이날 오후 6시께 거제시 전역과 통영시 산양읍·봉평동을 특별재난지역으로 우선 선포했다고 밝혔다. 이들 지역은 지난 15일부터 18일까지 남부지방에 내린 이례적인 집중호우로 산사태와 주택·상가 침수, 도로와 하천 유실 등 큰 피해가 발생한 곳이다. 특별재난지역으로 선포된 지방정부에는 재난 복구를 위한 국비가 추가로 지원된다. 피해
Samsung Electronics Announces Record 110 Trillion Won Shareholder Return
삼성전자, 110조원 주주환원…국내 기업 사상 최대삼성전자가 올해 최대 110조원에 달하는 사상 최대 규모의 주주환원에 나선다. 기존 국내 기업 최대 기록을 약 5배 웃도는 규모다. 반도체 실적 개선으로 확보한 현금을 주주에게 대거 돌려주면서 최근 임직원 보상을 둘러싸고 높아진 주주들의 불만에도 화답하는 모양새다. 실적 성장과 주주가치 제고를 함께 가져가는 주주친화 경영을 한층 강화했다는 평가가 나온다.삼성전자는 21일 이사회를 열고 2026년 주주환원 규모를 약 90조~110조원으로 예상하고 시행 방안을 의결했다.
Kakao Splits AI and Investment Divisions to Accelerate Growth
Kakao has initiated a restructuring by separating its artificial intelligence (AI) and investment sectors. The company will transition to a system where 'KakaoAI' and 'KakaoX' focus on their respective business and investment operations. This move aims to enhance speed in the AI competition while addressing the undervaluation of its corporate value due to its conglomerate structure.On August 21, Kakao held an online briefing to explain the rationale and future direction of the spin-off into Kaka
Gwangju City Council Engages with Residents to Address Local Issues
The Gwangju City Council has embarked on a series of outreach efforts to hear directly from residents and administrative staff across the region, marking the beginning of its 10th term. According to the council, from August 18 to 21, it held communication meetings in 16 towns and villages, gathering diverse opinions on local issues and administrative experiences. City Council members, including Chair Park Sang-young, visited various towns based on their schedules and constituencies. The meetings