Seoul's apartment sales prices rose by 2.50% in June, marking the largest increase in five years. In July, the proportion of transactions for apartments priced under 1.5 billion won exceeded 80%, reflecting a shift in demand towards mid-range housing due to loan regulations.The Seoul Metropolitan Government reported on August 21, based on an analysis of the apartment sales price index published by the Korea Real Estate Agency and transaction volumes from the Seoul Real Estate Information Plaza.

Following the deployment of AI patrol robots at Changdeokgung, similar technology is now being tested at Deoksugung and Seororeung. A four-wheeled robot will patrol the relatively flat grounds of Deoksugung, while a bipedal robot will navigate the uneven terrain of Seororeung.The Cultural Heritage Administration announced on August 21 that it is enhancing safety management at palaces and royal tombs through the practical testing of AI patrol robots.This initiative is part of the 'AI Patrol Robot

Cho Hee-dae, the Chief Justice of the Supreme Court, has nominated Handong Ki, a senior judge at the Daegu District Court, to succeed former Supreme Court Justice Noh Tae-ack. However, on August 20, it was reported that some officials at the Blue House are considering a request for a 're-nomination' without proceeding with the appointment process.A ruling party official stated, "There are differing opinions regarding the two candidates, including Handong Ki and Kim Seong-soo, a senior judge at t

“I have completed my grandfather Jimmy Russell's whiskey with a modern perspective.” Bruce Russell, associate master blender of Wild Turkey, defined the product he developed during the launch media day for the 'Austin Nichols Archive Gold Foil Edition 16-Year' held at Campari Korea's headquarters in Seongsu-dong, Seoul, on August 20. This statement reflects his reinterpretation of the whiskey crafted by his grandfather, who has been making Wild Turkey for over 60 years. The event began with an i

Hyundai Motor Company CEO José Muñoz announced plans to increase production at the Georgia plant (Hyundai Motor Group Metaplant America) from the current 500,000 units annually to between 700,000 and 800,000 by 2028, as part of its 'Made in America' initiative.In an interview with CNBC on August 20, ahead of the launch of the flagship Genesis GV90 SUV, Muñoz emphasized the importance of the U.S. market, stating, "For us, the U.S. is the most important market after Korea, where our headquarters i

Korea's exports of consumer goods to China have rebounded, driven by fashion apparel and food. The government plans to continue this upward trend through live commerce, pop-up stores, and the expansion of local distribution networks and logistics hubs.On August 21, the Ministry of Trade, Industry and Energy held a meeting to review consumer goods exports to China, chaired by Minister Kim Jeong-kwan, with participation from trade officials and representatives from the Korea Trade-Investment Promo

The Labor Department is launching an initiative to monitor wage abuse in information technology (IT) and research and development (R&D) companies in the Daejeon and Cheongju regions. This action follows the discovery of multiple knowledge service firms that failed to pay overtime, night, and holiday wages during previous inspections.Starting August 21, the Ministry of Employment and Labor will conduct the 'Fifth Relay Inspection on Wage Abuse by Region' targeting IT and R&D firms in Daejeon and

Musinsa is expanding its Southeast Asian operations into Vietnam, following its entry into the Philippines and Indonesia. On August 21, Musinsa announced a partnership with ACFC (Au Chau Fashion and Cosmetics), a subsidiary of the Vietnamese retail giant IPPG (Imex Pan Pacific Group), to enter the local market. The two companies will jointly develop Musinsa Standard's local business and plan to open offline stores in major areas, including Ho Chi Minh City. IPPG operates over 1,200 stores in Vie

Doosan Enerbility announced that it has secured a contract for the construction of the Misfah gas power plant in Oman. The total contract amount is approximately 930 billion won.In this project, Doosan Enerbility has formed a consortium with SEPCO-3, a specialized power plant construction company, to undertake the engineering, procurement, and construction (EPC) services. The company will also directly supply key equipment, including steam turbines and generators.The Misfah gas power plant is ex