CJ CheilJedang's biodegradable bio-material PHA has garnered attention from major U.S. media outlets. On August 21, CJ CheilJedang announced that the Associated Press recently highlighted the biodegradability and diverse applications of PHA in an article presenting bioplastics as a solution to petroleum-based microplastic pollution. The AP described CJ CheilJedang's U.S. subsidiary, CJ BioMaterials, as a 'leader in PHA production,' mentioning its research and development efforts to replace petro

Homeplus announced plans to sell its owned stores among the 37 locations that are closing, using the proceeds to repay secured trust bondholders if its rehabilitation plan is approved.In a statement on August 20, Homeplus said, "Once the rehabilitation plan is approved, we will immediately begin selling 19 of the 37 closed stores we own, with the goal of completing the sales by February 2028."The company explained, "The proceeds from the sale of these 19 owned stores will be used to address the

Jung Jeom-sik, the floor leader of the People Power Party, asserted on August 21 that the government should shift its economic policies, including real estate, to a market-oriented approach. He also urged changes in the economic leadership, including the replacement of Kim Yong-beom, the head of the Presidential Policy Office.During a National Assembly countermeasures meeting, Jung emphasized, "There are rampant rumors about the second cabinet reshuffle of the Lee Jae-myung administration, and l

The government has announced a tax reform plan aimed at reducing the tax burden for homeowners with one residence for living purposes while increasing taxes on high-value properties and multiple homeowners. This has drawn attention to the real estate holdings of key economic officials who spearheaded the initiative.According to the '2026 Tax Reform Plan' released by the government, the basic deduction for the comprehensive real estate tax for homeowners with one residence will be raised from 1.2

The government is set to introduce a policy mortgage aimed at supporting first-time homebuyers under the age of 39 in purchasing non-apartment properties valued at up to 400 million won. Online reactions have surfaced regarding this initiative.Critics argue that the government's plan to eliminate the requirement for desks in goshiwon (small residential units) and allow bathtubs instead effectively forces young people to choose between villas and goshiwon.According to a comprehensive financial pl

Apartment Prices in Seoul Surge 14.7% Under Lee Jae-myung Administration Since the inauguration of the Lee Jae-myung administration, apartment prices in Seoul have risen approximately 14.7% over the past year. According to KB Real Estate, this marks the highest increase recorded in the first year of any government since the statistics began in 1986. Both jeonse (long-term lease) and monthly rental prices have also increased. During the same period, the average jeonse price for Seoul apartments r

The Gyeonggi Gwacheon City Corporation conducted civil defense training on August 20, in conjunction with the Eulji Exercise, to ensure rapid evacuation and initial response during emergencies such as air raids. The training took place from 2 p.m. for 20 minutes at three locations, including the Gwacheon Citizens' Hall. More than 120 participants, including employees of the corporation and representatives from related organizations, took part in the exercise. The drill focused on actions require

Kwon Min-soo, the newly appointed Deputy Governor of the Bank of Korea, stated on August 21, "The conditions facing our economy are challenging, and cautious and flexible policy decisions are necessary at this time."During his inauguration ceremony, Kwon noted, "While growth is improving more than expected due to strong semiconductor performance, inflation remains above target levels, and risks of financial imbalance continue, particularly concerning household debt and housing prices." He emphas

The government plans to revise the formula for local education financial grants to reduce instability caused by declining school-age populations and fluctuations in tax revenue. The new formula will enhance the stability of total grants by reflecting economic growth rates and inflation while incorporating some changes in school-age population. Savings from this adjustment will be reinvested in future education and talent initiatives, including early childhood education and attracting national ta