Typhoon Sau-del, the 18th typhoon of the season, is rapidly intensifying as it moves through warm tropical waters.According to major meteorological agencies, including the Korea Meteorological Administration and the Japan Meteorological Agency (JMA), Typhoon Sau-del is currently moving northwest at about 20 km/h southeast of Guam. Although it is currently classified as a small typhoon with wind speeds of 20 m/s, it is expected to develop into a powerful typhoon with a central pressure of 935 hPa

The 18th Good Growth, Good Jobs Global Forum (2026 GGGF) will be held from September 2 to 4, organized by Aju Economic Daily. This forum, themed "Korea, State of AI," will provide a significant opportunity to explore the adoption of physical AI by South Korean companies and the global status of Korean AI. The first keynote address will be delivered by Dennis Hong, a professor of mechanical and aerospace engineering at UCLA and director of the Robotics and Mechanisms Laboratory (RoMeLa). He is re

SPC Group's Samidang Holdings is set to accelerate its restaurant business expansion by introducing the American Mexican brand Chipotle this year, coinciding with the 10th anniversary of Shake Shack's entry into South Korea. Building on its experience in pioneering the premium burger market in 2016, the company aims to develop Mexican fast-casual dining as a new growth sector.According to industry sources, Samidang Holdings is preparing to open the first Chipotle location in Gangnam, Seoul, at t

A 6.7 magnitude earthquake struck near the southern Andes Mountains in Peru.According to Yonhap News and the U.S. Geological Survey (USGS), the quake occurred around 1 p.m. local time on August 20, approximately 38 kilometers northwest of the city of Upa Uachoc in Ayacucho region. The earthquake's depth was recorded at 66.7 kilometers.The tremor was felt in several areas of southern Peru, including Ica and Arequipa, with weak vibrations reported in the capital, Lima, according to local news agen

The cryptocurrency market experienced a significant rise as expectations of stability in the U.S. Treasury market coincided with hopes for regulatory easing in the digital asset sector. As of 8 a.m. on August 21, Bitcoin was trading at $72,633, reflecting a 5.03% increase from the previous day, according to global cryptocurrency data site CoinMarketCap. Ethereum also saw a price increase of 2.92%, reaching $2,313. Binance Coin (BNB) and Solana rose by 4.29% and 1.96%, respectively, trading at $6

Artificial intelligence startup Anthropic, known for developing the AI model Claude, is reportedly planning an initial public offering (IPO) that could surpass the record set by SpaceX, according to a report by Bloomberg on August 21, citing sources.Sources indicate that Anthropic aims to submit its IPO application as early as the end of this month, driven by overwhelming investor demand capitalizing on the AI boom.As discussions about the IPO size continue, Chief Financial Officer Krishna Kaur

DB Securities announced on August 21 that it has raised its target price for KT Nasmedia from 14,000 won to 16,500 won, an increase of 17.8%, citing a turnaround in the digital advertising sector and cost efficiency in platform advertising. The firm maintained its 'buy' rating.Shin Eun-jung, a researcher at DB Securities, stated, "The clear performance improvement is a key investment point for KT Nasmedia," adding that the target price was adjusted to reflect upward revisions in earnings estimat

U.S. Treasury Secretary Scott Bevin announced that on Monday, August 24, the United States will unveil its "harshest economic sanctions in history" against Iran, urging allied nations to join in the measures. Following this announcement, international oil prices surged by more than 2%, reaching their highest level in about a month.In an interview with CNBC on August 20, Bevin stated, "If we apply maximum economic pressure, it means the likelihood of a large-scale military conflict is low," empha

U.S. Treasury Secretary Scott Vessenet indicated that the government's Treasury buyback program could exceed the previously announced $4 billion, aiming to stabilize the bond market. However, U.S. Treasury yields have resumed their upward trend amid ongoing market concerns.In an interview with CNBC on the 20th, Vessenet stated that the Treasury would "create a market" for long-term bonds, which have seen a sharp rise in interest rates, adding, "We will increase the buyback size." He noted that t