Ruling Party Calls for Action on Youth Housing Crisis in Seoul
The Democratic Party's Seoul City Party urged Seoul Mayor Oh Se-hoon on August 20 to stop merely repeating claims about redevelopment and reconstruction, calling for cooperation with the government. They also emphasized the need for innovative measures utilizing excess tax revenue.Kim Young-bae, chair of the Seoul City Party, made these remarks during a meeting at the National Assembly focused on solutions for the youth housing crisis. He stated, "The supply issue in Seoul has been consistently
Government Considers Special Disaster Designation for Areas Affected by Heavy Rain
The government is considering designating Geoje and Tongyeong in South Gyeongsang Province as special disaster areas due to damage from recent heavy rainfall. The ninth oil price cap, reflecting recent increases in international oil prices, will be announced on August 21 and will take effect at midnight on August 22.Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol made these remarks on August 20 during a meeting of the Emergency Economic Headquarters at the Government Comp
Moderna Stock Soars 130%, Options Yield 600,000% in Unprecedented Surge
The stock price of the American pharmaceutical company Moderna surged over 130% in a single day, leading to an extraordinary phenomenon in the derivatives market with a yield of 600,000%.According to the released stock price chart, Moderna (MRNA) shares began to rise from around $62.70, reaching a peak of $149.63 during trading. In just one day, the stock increased by an impressive 130.70% from its lowest point, attracting a massive buying spree.The catalyst for this buying frenzy was the announ
KOSPI Companies Report Record Revenue of 200 Trillion Won in First Half of 2026
◆Aju Economic Focus▷KOSPI companies achieve record revenue of 200 trillion won; operating profit up 76% excluding Samsung and SK Hynix- In the first half of this year, the revenue of companies listed on the KOSPI exceeded 200 trillion won for the first time, with operating profit and net profit surging by 254.15% and 333.30%, respectively.- Samsung Electronics and SK Hynix led the performance improvement, with their combined operating profit and net profit accounting for 63.09% and 65.46% of the
Hyundai Wia Expands Parking Robot Business with New Demonstrations
In an underground parking garage, a pair of parking robots, thin and flat like a clipboard, smoothly slide under a double-parked GV80 vehicle and lift it effortlessly. These parking robots, only 110 mm thick, can rotate 360 degrees and maneuver vehicles to find available spaces. While spectators are captivated by the robots' impressive capabilities, another pair of robots skillfully retrieves a requested vehicle and transports it to the exit zone. The entire process of removing the double-parked
Gwangmyeong City Council Visits Emergency Response Drill Site
The Gwangmyeong City Council has assessed local emergency preparedness and encouraged officials participating in the Eulji Exercise aimed at ensuring citizen safety.On the 19th, council members visited the 2026 Eulji Exercise command center established at the Gwangmyeong City Emergency Management Facility to review the training progress and the status of emergency response operations.Led by Chair Lee Hyung-deok, the council members received briefings from relevant departments on the exercise's p
Hong Min-ki's Ex-Girlfriend Reveals Details of Pregnancy and Abortion Process
Amid allegations of dating violence against Hong Min-ki, his ex-girlfriend, referred to as A, has disclosed additional details regarding her pregnancy and abortion process.A stated on her Instagram story on the 19th that she had seen a statement from Hong Min-ki's side, asserting, "It is not true that I stalked him by visiting his house or demanded to meet again."She continued, "I only asked for a minimal apology, and I believe it is wrong to suppress someone in this manner, which constitutes se
Government Extends Regulations on Urea and Medical Supplies Amid Supply Stability
The South Korean government has decided to relax the criteria for determining hoarding of urea and urea solution while extending related regulations until the end of October. Although supply conditions have improved following China's lifting of export controls, the government aims to maintain regulatory frameworks in anticipation of uncertainties arising from the ongoing conflict in the Middle East.On August 20, a meeting of the Emergency Economic Headquarters, chaired by Deputy Prime Minister a
President Yoon Praises Trump's Decision to Scale Back US-South Korea Drills
President Yoon Suk Yeol praised President Donald Trump's decision to reduce US-South Korea joint military exercises, calling it an effort to create conditions for dialogue aimed at peace on the Korean Peninsula. Yoon expressed his respect for Trump's decision, emphasizing his commitment to supporting Trump's role as a 'peacemaker' with his own role as a 'facilitator.'On the night of August 19, Yoon shared his thoughts on X (formerly Twitter), noting that he had seen Trump's recent social media m
Kim Do-young's Three-Run Homer Leads KIA to Fourth Straight Win Over Hanwha
The KIA Tigers secured their fourth consecutive victory, powered by Kim Do-young's three-run homer.KIA defeated the Hanwha Eagles 6-3 on August 19 at Daejeon Hanwha Life Eagles Park in the 2026 Shinhan SOL Bank KBO League.According to Yonhap News, the game featured a pitching duel between Shirakawa Keisho and Owen White, with a tight contest unfolding until the later innings.KIA took the lead in the second inning when Oh Sun-woo hit a double and later scored on a ground ball. Harold Castro follo