Seo Young-kyo Questions Noh Kyung-pil's Inquiry to Supreme Court Nominees
As calls for the impeachment of Chief Justice Cho Hee-dae arise within the Democratic Party, Seo Young-kyo, Chair of the Judiciary Committee, pointed out on August 21 that "Noh Kyung-pil, Director of Court Administration, may have asked each of the four nominees recommended by the selection committee about their willingness to resign."In a phone interview with YTN Radio's 'Jang Sung-cheol's News Myung-dang,' Seo stated, "Noh must have discussed this with Chief Justice Cho."Regarding Noh's clarif
Shinbo and IBK Bank Offer 200 Billion Won in Preferential Guarantees for Young Startups
The Credit Guarantee Fund announced on August 21 that it has signed a financial support agreement with IBK Industrial Bank to promote promising youth startups.The agreement aims to invigorate the youth startup ecosystem and reduce the financial burden on early-stage companies. The two institutions will introduce preferential financial products specifically for promising youth startups.The Credit Guarantee Fund will provide a total of 200 billion won in guaranteed loans to promising youth startup
Samsung Securities Maintains Buy Rating for KCC, Sets Target Price at 650,000 Won
Samsung Securities announced on August 21 that it has presented a more proactive shareholder return policy for KCC through its corporate value enhancement plan, maintaining a 'buy' rating and a target price of 650,000 won.In a report released that day, analyst Jo Hyun-ryeol stated, "KCC has disclosed its corporate value enhancement plan for this year, highlighting a shift from last year by expressing its intent to utilize investment assets such as Samsung C&T. The methods of utilization include
Celltrion Launches 'Stekima IV' in Japan, Expanding Crohn's Disease Indication
Celltrion has launched the intravenous (IV) formulation of its autoimmune disease treatment, Stekima (ustekinumab), in Japan. Stekima is the only biosimilar of ustekinumab available in both IV and subcutaneous (SC) formulations in the country.On August 21, Celltrion announced that it completed the local launch of the Stekima IV formulation approximately four months after receiving product approval from the Japanese Ministry of Health, Labour and Welfare (MHLW) in April. The company has significa
Market Preview: U.S. Stocks Decline Amid Rising Interest Rates; KOSPI Focuses on Semiconductor and Foreign Investment
The U.S. stock market fell across the board due to rising U.S. Treasury yields, a surge in international oil prices, and concerns over consumer slowdown following disappointing earnings from Walmart. However, semiconductor stocks showed strength following Micron's announcement of a significant investment in artificial intelligence (AI). As the domestic market has seen a recent drop, attention on August 21 will be on foreign investment and sector-specific trends.On August 20, the Dow Jones Indust
Hyundai Workers Begin Full Strike, Halting Production in Ulsan, Jeonju, and Asan
The Hyundai Motor Workers' Union (Metal Workers' Union Hyundai Branch) has initiated a full strike for the first time in a decade due to stalled wage negotiations. The production losses from previous strikes have already exceeded trillions of won, and the ongoing strike is expected to push this year's production losses beyond 3 trillion won.According to the automotive industry on August 21, in accordance with the union's strike guidelines, technical workers in the morning shift, who typically st
KOSPI Surges 381 Points Thanks to SK Hynix, Reclaims 6800 Level
◆Major News from Ajou Economy▷KOSPI rebounds 5.89% to reclaim the 6800 level thanks to SK Hynix- After a sharp drop of 5.80% the previous day, the KOSPI index surged 5.89% in a single day, recovering the 6800 level, reflecting extreme volatility with a two-day fluctuation exceeding 700 points.- Foreign investors led the rebound with a net purchase of 2.28 trillion won, triggering a buy-side circuit breaker in the securities market at 9:06 AM, while the KOSDAQ also rose by 1.99%.- The rebound was
President Lee Meets with SK Group Chairman Choi to Discuss U.S. Investments
President Lee Jae-myung reportedly held a private dinner meeting with Choi Tae-won, chairman of SK Group, on August 20.This meeting comes two months after their last private discussion ahead of the announcement of the 'three major mega projects,' including the Honam semiconductor cluster, and about three weeks after they met at the AI summit in San Francisco during President Lee's visit to the U.S.It is believed that the meeting included comprehensive discussions on the government's initiative t
LG Electronics Demonstrates Design Excellence, Winning IDEA Award
LG Electronics has proven its design competitiveness by winning awards at the IDEA, one of the world's top three design competitions, following its successes at the Red Dot and iF awards. The company is expanding its design capabilities beyond product design to include packaging, enhancing the overall customer experience.On August 21, LG announced that it received a total of 17 awards at the 'IDEA 2026' event organized by the Industrial Designers Society of America, including 5 bronze awards and
Kim Min-seok Elected as New Leader of the Democratic Party
Kim Min-seok, the former Prime Minister, has been elected as the new leader of the Democratic Party of Korea, prompting a renewed interest in predictions made by fortune tellers regarding his political future.On August 17, during the Democratic Party's national convention held at the Daejeon Convention Center, Kim secured 54.08% of the votes, defeating candidate Jeong Cheong-rae, who received 45.92%. Kim's term will last for two years, during which he is expected to align closely with the admini