President Lee Hosts Dinner with Democratic Party Leadership to Promote Unity
President Lee Jae-myung gathered the new leadership of the Democratic Party and candidates from the party's recent leadership election for a dinner on August 19, emphasizing the importance of unity and teamwork in governance.During the dinner, President Lee described the party, government, and Blue House as a "community of fate" and "partners in governance," urging attendees to move past conflicts that arose during the party convention and to deliver tangible results that the public can feel.Hon
Muan's Hyun-gyeong District Focuses on Safety for Vulnerable Residents
The Hyun-gyeong District of Muan County is enhancing safety welfare for disaster-vulnerable groups by collaborating across welfare and fire safety sectors. District head Kang Seung-yong is expanding the focus of existing welfare services beyond just living support to include resident safety through the district's specialized initiative, 'Safe Living and Security Care.' Following an initiative in May, the district conducted housing safety inspections and improvement activities this month, invol
Song Ga-in Becomes the Face of Jindo Again with New Attractions
Song Ga-in has once again become the face of her hometown, Jindo. The area now boasts attractions named after the singer, including a village, a road, and a park, turning her hometown into a tourist destination for her fans.On August 18, Jindo County reappointed Song Ga-in as its promotional model. She will participate in promotional activities to highlight the region's tourism, culture, and agricultural and marine specialties. The county plans to leverage her popularity to promote local festiva
Iran's Parliament Speaker Visits Iraq Amid UAE Trade Ban
As the United Arab Emirates (UAE) announced a permanent trade embargo against Iran following the launch of two ballistic missiles aimed at its territory, Iranian Parliament Speaker Mohammad Bagher Ghalibaf visited Baghdad, Iraq. Analysts interpreted Ghalibaf's visit as a gesture to consolidate power, noting that he visited the site where Qassem Soleimani, the former commander of the Islamic Revolutionary Guard Corps, was killed by a U.S. strike six years ago. Ghalibaf also leads Iran's delegatio
POSCO International Transforms into Global Supply Chain Company
POSCO International is evolving from its traditional role as a 'comprehensive trading company' to a comprehensive business company that directly designs and operates global supply chains. The company is moving beyond merely buying and selling goods to securing assets and establishing value chains in the energy, materials, and food sectors, covering everything from production to storage and distribution.In an interview with Aju Economy, Jeong Gyeong-jin, Vice President and Head of Management Plan
POSCO International's LNG Strategy Focuses on Midstream Investments
POSCO International is prioritizing investments to strengthen its midstream capabilities in the liquefied natural gas (LNG) value chain, which encompasses procurement, trading, storage, and terminal operations. The company aims to enhance the efficiency of its integrated LNG value chain, from gas fields to power generation, to improve both profitability and capital efficiency.In an interview with Aju Economy, Jeong Gyeong-jin, Vice President and Head of Management Planning at POSCO International
Korean Economy: Focus on Manufacturing and Semiconductor Competitiveness
To seize growth opportunities in the age of artificial intelligence (AI), South Korea must maintain its semiconductor competitiveness while focusing on the transition of manufacturing to AI (M.AX), according to Kwon Nam-hoon, head of the Korea Institute for Industrial Economics and Trade. He emphasized the need for South Korea to create substantial added value centered on its strengths in semiconductors and manufacturing, rather than merely following the competition in AI software.In a recent in
Wang Yi Emphasizes Constructive Role for Peace and Stability on Korean Peninsula
Foreign Minister Cho Hyun and Wang Yi, head of the Chinese Communist Party's Central Foreign Affairs Office and Foreign Minister, held a four-hour meeting and dinner in Seoul on the afternoon of August 19. Minister Cho introduced the vision for peaceful coexistence on the Korean Peninsula, which President Lee Jae-myung outlined in his Liberation Day speech, including multilateral discussions for ending the war. Wang emphasized China's commitment to playing a constructive role in ensuring peace a
Korea Exchange Faces Turmoil Over Management Evaluation Drop
The Korea Exchange is currently facing significant internal unrest following the recent notification from the Financial Services Commission regarding its 2025 management evaluation results. Historically, the exchange has received top ratings of S or A, but this time it was downgraded to a B, marking its first drop in ten years since 2016.The impact of this downgrade is substantial. Employee bonuses have been cut from 200% to 100% of their base salary, and the salaries of executives have also bee
K-Football Innovation Committee Listens to Voices on Youth Soccer Challenges
The K-Football Innovation Committee, established to fundamentally reform South Korean soccer, is actively seeking realistic improvement measures by listening to voices from the field.On August 19, the committee held its seventh meeting, an 'open listening session,' at the Korea Football Park Stadium in Cheonan, South Chungcheong Province. All nine members of the committee, including co-chairs Park Ji-sung and Yoo Seung-min, as well as Minister of Culture, Sports and Tourism Choi Hwi-young, atten