Seongho Electronics is actively restructuring its increased debt following a merger and acquisition (M&A). The company is accelerating its "debt diet" by reducing stock collateral loans and corporate borrowings, thereby lowering interest costs.According to investment banking sources on August 21, Seoryong Electronics, the largest shareholder of Seongho Electronics, has repaid 135 billion won of a 300 billion won loan secured against its shares, reducing the outstanding balance to 165 billion won

Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance, has announced plans to address the funding burdens faced by businesses and households due to rising long-term interest rates. He emphasized the need for urgent support measures for small businesses and vulnerable borrowers. On August 21, Koo convened a market situation review meeting at the Bank Hall in Seoul, where he discussed trends in the financial and foreign exchange markets. The meeting included Lee Ok-won, Chairma

"When I feel good, and very good, unexpected things come out when I move the brush. That’s when I feel the mystique," said Lee Kang So, an 83-year-old master of contemporary Korean art. On good days, he picks up a brush and, without hesitation, creates large-scale works measuring up to 11 meters long. He allows the brush to move freely, as he describes it, "letting it do as it pleases."On August 20, a day before the opening of his solo exhibition, "Lee Kang So: Emergence and Dissolution," at the

SK Securities has seen its shares rise for the second consecutive trading day as it facilitates a large-scale stock buyback for SK Hynix.As of 9:24 a.m. on the Korea Exchange, SK Securities shares were trading at 3,270 won, up 460 won (16.37%) from the previous day. The stock had surged 29.79% the day before, hitting the upper limit.The increase in SK Securities' stock price is attributed to expectations of expanded brokerage fee revenue from SK Hynix's approximately 40 trillion won stock buybac

Kim Min-seok, the leader of the Democratic Party, expressed gratitude on August 21 to members of the People Power Party who called for disciplinary action against Lee Jin-sook amid controversy over the distortion of the 5.18 Gwangju Democratization Movement.On the social media platform X, Kim stated, "I respect and thank the responsible members of the People Power Party." He added, "Since the late former President Kim Young-sam, I am well aware that our country’s conservative parties have also d

Coway has achieved a remarkable feat this year by winning all three of the world's major design awards. The company has been recognized for its commitment to not only the aesthetics of home appliances but also for enhancing space efficiency and ease of maintenance in product design.On August 21, Coway announced that it received the main award in the product category at the 2026 IDEA Design Awards. The Square Fit air purifier and the 23L inverter dehumidifier were among the award-winning products

Sejong Law Firm, led by Managing Partner Oh Jong-han, announced on August 21 that it signed a public-private partnership memorandum of understanding (MOU) with the Busan-Jinhae Free Economic Zone Authority, headed by Park Seong-ho, on August 20 to establish the investment attraction ecosystem 'BJ-INVESTIA.'BJ-INVESTIA is a comprehensive investment ecosystem that connects six key areas necessary for foreign companies investing in the Busan-Jinhae Free Economic Zone: location and design, investmen

The KOSPI opened lower due to rising U.S. long-term interest rates, increasing international oil prices, and a weak performance in the New York stock market. Profit-taking from the previous day's surge of over 5% is also contributing to the decline, with foreign and institutional investors engaging in net selling. However, some large-cap stocks, such as SK Hynix and KB Financial, are showing gains, indicating sector differentiation.As of 9:27 a.m. on the 21st, the KOSPI is trading at 6,784.73, d

Qualcomm has hired Sergio Buniac, who led Motorola's mobile business, to strengthen its strategy of expanding from smartphone-centric operations into personal AI devices, including PCs, wearables, and XR.On August 21, Qualcomm announced Buniac's appointment as Executive Vice President and head of the Mobile, Compute, and Personal AI Group at Qualcomm Technologies. He will assume his role on September 2, overseeing the next generation of AI devices, including smartphones, personal computing, smar