Trump Declares 'Golden Age of Space Transportation' with 1,000 Rocket Launches Annually by 2030
Donald Trump, the President of the United States, has declared a "golden age of space transportation" and plans to significantly increase rocket launches through partnerships with private companies. This initiative aims to solidify U.S. space dominance amid competition from countries like China. On August 20, the White House announced that President Trump signed a National Security Presidential Memorandum (NSPM) to revitalize America's leading position in space transportation. The memorandum
Alibaba Aims to Fully Replace Nvidia with New AI Chip Prototype
Alibaba, a major Chinese IT company, is set to enter the prototype production phase for its new AI semiconductor in the second half of this year.CEO Wu Yongming announced during an earnings call on August 20 that Pingtouge, a fabless semiconductor design subsidiary, is expected to begin prototype production of its second-generation Chinese AI chip in the latter half of the year, according to a report by China Securities Journal on August 21. Pingtouge plans to hand over the semiconductor design
Hyundai Plans to Increase HMGMA Production to 800,000 Units Annually
Hyundai Motor is considering increasing the annual production capacity at its MetaPlant America (HMGMA) in Georgia from 500,000 to 800,000 units. This move is seen as a strategy to enhance competitiveness in the North American market and proactively address tariff burdens in the U.S.José Muñoz, CEO of Hyundai Motor, stated in an interview with CNBC on August 20 that the company is exploring plans to expand HMGMA's annual production capacity to between 700,000 and 800,000 units by 2028.If impleme
Tax Deductions Reached 76.1 Trillion Won Last Year, Exceeding Legal Limit
The government reported that the total amount of tax deductions for research and development (R&D) expenses and earned income tax credits reached 76.1 trillion won last year. This figure indicates that the national tax reduction rate exceeded the legal limit by 0.4 percentage points.On August 18, the government submitted its first tax expenditure report to the National Assembly, in accordance with the revised Tax Expenditure Limitation Act.According to the Ministry of Finance, the national tax r
Yulchon Law Firm and University of Seoul Sign MOU to Enhance Tax Law Education
Yulchon LLC and the University of Seoul's Graduate School of Taxation announced on August 21 that they have signed a memorandum of understanding (MOU) to enhance the training and education of professionals in tax law.The agreement aims to strengthen educational and research capabilities in the field of tax law and to expand practical connections.Under the MOU, the two institutions will actively collaborate on several initiatives, including the joint development and operation of educational progr
Law Firm Hwa Woo Publishes Asset Succession Guide to Prevent Family Estrangement
Law Firm Hwa Woo, led by Managing Partner Lee Myung-soo, announced on August 21 the publication of a practical asset succession guide titled "Preventing Family Estrangement" in response to the growing trend of significant assets being passed down to the next generation.According to the Statistics Korea's provisional 2025 birth and death statistics, the number of deaths last year increased by 1.3% compared to the previous year, with a rise in fatalities among those aged 90 and above, as well as i
Kim Min-seok Responds to Internal Discontent Over Youth Committee Appointment
Kim Min-seok, the leader of the Democratic Party, stated on August 21 that he would consider incorporating the need for an elected youth committee member at the next party convention in response to internal controversies surrounding the recent appointment of a youth committee member. He emphasized, "I will attempt to make this change, even if it requires amendments."During a Supreme Council meeting in Gangneung, Kim remarked, "It would have been ideal to reflect youth representation among the fi
Toss Bank Reduces Overseas Remittance Fees by 1 Billion Won
Toss Bank has reduced the fee burden for customers using its overseas remittance service by approximately 1 billion won since its launch.On August 21, Toss Bank announced that from January to last month, customers saved a total of 1 billion won in remittance fees through its 'Visible Overseas Remittance' service.Traditionally, overseas remittance methods incur costs of about 13,000 won per transaction, including a telegraphic transfer fee of 8,000 won and a minimum remittance fee of 5,000 won, a
ZEEKR Opens 'ZEEKR 7X Popup Store' at Starfield Hanam
ZEEKR announced on August 21 that it will operate a popup store at Starfield Hanam to promote the competitive features of its mid-size electric SUV, the ZEEKR 7X.Running from today until August 25, the popup store is located in the Central Atrium of Starfield Hanam and is themed 'Urban Life & Family Life.' It aims to showcase the brand's luxury technology experience and the distinctive qualities of the ZEEKR 7X.The event will feature two units of the ZEEKR 7X Ultra, the highest trim level. The Z
Yoon Hong-geun of Genesis BBQ: Crises Signal New Choices
Yoon Hong-geun, chairman of Genesis BBQ Group, stated, "Crises can be signals that demand new choices rather than obstacles that halt businesses."According to Genesis BBQ Group, Yoon made these remarks during a lecture at the 43rd HDI CEO Summer Forum held at the Topsten Hotel in Gangneung, Gangwon Province, on August 20.The forum, themed "The Next Frontier in the Age of Superintelligence: Finding Essential Competitiveness in an Era of Technological Overload," featured Yoon's lecture titled "Tur