On August 21, Cho Jung-sik, Speaker of the National Assembly, met with Michelle Steel, the U.S. Ambassador to South Korea, and stated, "If a U.S.-Korea Congressional Alliance is established, it will greatly benefit the relationship between our two countries." He emphasized the need for a similar exchange group in the U.S. Congress to enhance legislative cooperation.Ambassador Steel also highlighted the importance of the U.S.-Korea alliance, expressing her willingness to help, saying, "If I can c

Kim Jang-woo, CEO of EcoProBM, announced on August 21 that the company expects to raise around 900 billion won through a capital increase, a reduction of approximately 300 billion won from the initial plan due to falling stock prices. During a shareholder meeting held at NH Investment & Securities in Yeouido, Seoul, Kim apologized for the decline in stock prices, acknowledging shareholders' concerns while expressing commitment to secure additional funding from external sources to continue planne

Samsung Electronics is strengthening its design competitiveness by integrating accessibility, personalization, and AI beyond product aesthetics. The company is expanding its design approach to connect user experience with future technologies, as evidenced by its recent award wins.On August 21, Samsung announced that it received a total of 45 awards at the 'IDEA 2026,' including one Impact Award. Additionally, it secured 12 awards in the brand and communication category at the 'Red Dot Design Awa

Hugel has successfully passed agenda items related to stock management and governance at its extraordinary shareholders' meeting.On August 21, Hugel held the meeting at Elysian Gangchon in Chuncheon, Gangwon Province, where it approved three agenda items: a plan for stock retention and disposal, the appointment of an independent director to the audit committee, and the approval of stock options.The key focus of this meeting was the utilization of treasury stock in line with the revised Commercia

President Lee Jae-myung has appointed Park Jeong-seong, the Deputy Minister of Trade, as the new head of the Trade Negotiation Office at the Ministry of Trade, Industry and Energy. Choi Yong-cheol, the Deputy Chief of the Fire Agency, has been named the new Fire Chief.Blue House spokesperson Kang Yu-jeong announced in a written briefing on the afternoon of August 21 that President Lee made these appointments.Park, born in 1972, graduated from Kyungwon High School and Seoul National University wi

LIG Defense and Aerospace (LIG D&A) has firmly stated that it is "clearly unrelated" to the bribery allegations involving its employees in connection with a 2 trillion won electronic systems development project.On August 21, LIG D&A explained that "the public official involved did not participate as an evaluator in the assessment of this electronic systems project" and expressed regret over the indictment of its employees, emphasizing that the electronic systems project was selected through a fa

The Democratic Party submitted a disciplinary motion on August 21 against Lee Jin-sook, a lawmaker from the People Power Party, over her controversial remarks regarding the May 18 Gwangju Democratization Movement. The party criticized her comments as an insult to the citizens of Gwangju.Lee Joo-hee, the party's floor spokesperson, stated in the National Assembly that "today we submitted a binding disciplinary motion following last week's resolution calling for her expulsion." Ahn Do-geol, chair

The People Power Party's Central Ethics Committee has faced ongoing backlash as it imposed a suspension of party membership on four lawmakers, including Jo Kyung-tae, Kwon Young-jin, Seo Beom-soo, and Jin Jong-oh. Critics, particularly from the non-mainstream faction, have raised concerns that the disciplinary actions are aimed at eliminating political rivals who have called for the resignation of party leader Jang Dong-hyuk. Senior party members have also expressed their worries.Jin, who has be

The Korea's Central Fisheries Cooperative has announced an emergency financial aid package of up to 50 billion won (approximately $38 million) for areas in Gyeongnam affected by heavy rainfall.On August 21, the cooperative stated that it has allocated the emergency funds to support fishermen and other affected individuals in regions such as Geoje. Local fisheries cooperatives will also offer financial benefits, including interest rate reductions on existing loans, to customers impacted by the fl