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KOSPI Rises 0.4% Despite Foreign and Institutional Selling; KOSDAQ Plummets Over 4% KOSPI Rises 0.4% Despite Foreign and Institutional Selling; KOSDAQ Plummets Over 4%

The KOSPI index reversed its early losses to rise 0.4% on August 21, despite selling pressure from foreign and institutional investors. Following a more than 5% surge the previous day, profit-taking and concerns over rising U.S. long-term interest rates weighed on the market. However, strong performances from major semiconductor stocks like Samsung Electronics and SK Hynix, along with financial shares, helped lift the index.As of 1:21 p.m. KST, the KOSPI was trading at 6,884.31, up 31.73 points

Seongnam Mayor Shin Sang-jin: Japans Advanced Care Models Will Inform Future Policies Seongnam Mayor Shin Sang-jin: Japan's Advanced Care Models Will Inform Future Policies

Shin Sang-jin, the mayor of Seongnam, expressed on August 21 that “visiting Japan to observe advanced care practices in healthcare and nursing will provide meaningful insights for future policy design.” The mayor announced that he will visit Nagoya from August 23 to 25 to explore advanced cases for responding to an aging society and to expand cooperation with the city of Nagoya. The main goal of this visit is to refine the policy direction of the 'Seongnam-style Home End-of-Life

Megazone Cloud Builds AX System for Nongshim Group Megazone Cloud Builds AX System for Nongshim Group

Megazone Cloud announced that its affiliate, Megazone Soft, has established an AX (AI Transformation) system based on Google Workspace (GWS) for the Nongshim Group.The two companies held a GWS launch ceremony at Nongshim's headquarters on the 20th. Key attendees included Nongshim CEO Cho Yong-cheol, Megazone Cloud CEO Yeom Dong-hoon, and Shannon Tong, head of Google Workspace sales for North Asia.Nongshim Group plans to enhance communication and collaboration across geographical and organization

Kim Yong-pil to Launch U.S. Career with NOM.NOM.NOM SHOW After Concert in Busan Kim Yong-pil to Launch U.S. Career with 'NOM.NOM.NOM SHOW' After Concert in Busan

가수 김용필이 활기 넘치는 9월을 예고했다. 오는 12~13일 부산 단독콘서트를 마치자마자 미국으로 출국, 25~26일 로스앤젤레스에서 열리는 ‘놈놈놈 쇼(NOM.NOM.NOM SHOW)’ 무대에 선다.먼저 김용필은 9월 12일과 13일 오후 4시 부산 소향씨어터 우리은행홀에서 ‘2026 김용필 콘서트 뷰티풀 라이프 - 부산’을 개최한다. 지난 4월 서울 이화여대 삼성홀에서 열린 첫 단독콘서트에서 시도한 국내 최초의 뮤직드라마 형식의 콘서트가 호평을 얻은 결과다.당시 김용필은 장기 공연 중인 연극 ‘뷰티풀 라이프&rs

Heerim and Geogwang Collaborate on Modular Construction Market Heerim and Geogwang Collaborate on Modular Construction Market

Heerim Architecture and Geogwang Corporation are launching an integrated modular construction project that encompasses design, production, and quality control.On August 21, Heerim announced that it has signed a memorandum of understanding (MOU) with Geogwang to jointly pursue high-quality modular construction projects. The two companies plan to combine their core competencies to create a business model that connects product planning, design, production, and quality management in a cohesive manne

Auto, Semiconductor, and Steel Industries Face Prolonged Labor Strikes Auto, Semiconductor, and Steel Industries Face Prolonged Labor Strikes

Labor disputes are intensifying in key manufacturing sectors, including automotive, semiconductor, and steel, indicating a prolonged period of strikes. The Hyundai Motor Company union announced a full strike on August 21, following a series of partial strikes, while the Kia union is also ramping up pressure on management after securing the right to strike. SK Hynix continues negotiations over wages and bonuses, and the Posco union faces its first strike threat in 58 years.According to industry r

Kakao Shares Plunge 11% Following Announcement of Corporate Split Kakao Shares Plunge 11% Following Announcement of Corporate Split

Kakao's shares are experiencing a significant drop following news of its planned corporate split. Although existing shareholders will receive shares in both the newly established company and the parent company, investors appear to view the split as a potential burden on the company's value.As of 11:41 a.m. on the Korea Exchange, Kakao's stock was trading at 34,150 won, down 4,550 won (11.76%) from the previous trading day. The stock opened at 38,150 won and briefly fell to 33,600 won during the

Kim Min-seok Plans to Restore Party Diplomacy with Visits to US, China, and Japan Kim Min-seok Plans to Restore Party Diplomacy with Visits to US, China, and Japan

Kim Min-seok, leader of the Democratic Party, announced plans on August 21 to restore party diplomacy, with intentions to visit the United States, China, and Japan by the end of the year. He emphasized the need to accelerate these efforts ahead of the U.S. midterm elections in November.During a Supreme Council meeting held at the Gangneung City Hall, Kim stated, "Given the complex changes in the Korean Peninsula's situation involving the U.S., China, and North Korea, it is time to strengthen the

Minister Park Hong-keun: Education Budget for Early Childhood and K-12 Will Not Decrease Minister Park Hong-keun: Education Budget for Early Childhood and K-12 Will Not Decrease

The government firmly denied that the education budget for kindergartens and primary and secondary schools will decrease, even with changes to the calculation method for local education funding. The aim is to resolve the instability caused by the previous system, which was mechanically linked to domestic tax revenues, leading to significant impacts on local education offices during revenue shortfalls. The government plans to ensure stable budget increases through national compensation provisions

Government Restructures Education Funding Amid Semiconductor Boom Government Restructures Education Funding Amid Semiconductor Boom

The government is establishing a 'Future Response Fund' based on additional tax revenue from the semiconductor boom and is significantly overhauling the local education financial grant system. While this may appear to signal a reduction in primary and secondary education budgets, a closer look reveals that the Ministry of Education has strategically safeguarded its interests.Through the revised funding formula, all differences arising from the changes will be allocated to a new 'Education and Ta