Wang Yi, a member of the Political Bureau of the Chinese Communist Party and Foreign Minister, stated that he will continue to play a constructive role for peace and development on the Korean Peninsula. Wang made these remarks during a meeting with South Korean Foreign Minister Choi Hyun at the Ministry of Foreign Affairs in Jongno, Seoul, on August 19. His emphasis on a constructive role for peace on the Korean Peninsula is significant, especially amid reports that a North America summit will b

Samsung Electronics has reportedly increased the prices of new orders for some advanced foundry processes by up to 15% in response to rising demand.According to a report by Yonhap News Agency citing Reuters, Samsung raised the prices for 4nm process semiconductors last month. The increase is said to be 10-15% for clients in China and the U.S., while Taiwanese clients face a rise of 5-10%.Prices for 5nm process wafers have also gone up by 10-15%, and wafers for the previous 8nm process have seen

South Korea and China’s foreign ministers met in Seoul to discuss peace on the Korean Peninsula, denuclearization, and the development of bilateral relations. As the South Korean government pushes for multilateral talks to end the Korean War, China expressed its intention to play a constructive role in ensuring peace and stability in the region.According to Yonhap News Agency, South Korean Foreign Minister Park Jin met with Wang Yi, head of the Chinese Communist Party's Central Foreign Affairs O

Korea Southern Power has won five awards at the International Invention Festival held in Silicon Valley, USA.The company announced on August 19 that it received the Semi Grand Prix, two gold medals, and two special awards from foreign invention associations for two research and development (R&D) innovations showcased at the '2026 Silicon Valley International Invention Festival (SVIIF 2026)' held from August 14 to 16 at the Santa Clara Convention Center. The exhibition featured over 400 invention

The government and the National Pension Service (NPS) have stated that they have never discussed using part of the national pension fund to finance public rental housing. According to Yonhap News on August 19, Jeong Eun-kyeong, Minister of Health and Welfare, said during a report to the National Assembly's Health and Welfare Committee that the idea of investing about 1% of the national pension fund in public rental housing was merely a suggestion from the chair of the National Assembly's Budget

Samsung Electronics' Device Experience (DX) division is responding to declining profitability due to rising memory semiconductor prices by expanding smartphone sales and improving its business structure.According to Yonhap News on the 19th, Samsung held a management briefing for employees at its Suwon facility, led by CEO and DX division head Lee Tae-moon.In the first half of this year, the DX division's revenue increased by about 2% compared to the same period last year. However, operating prof

In the second quarter of this year, South Korea's household debt exceeded 2000 trillion won for the first time. The increase in housing transactions and investment demand due to a strong stock market contributed to a nearly 26 trillion won rise in just three months. This increase is the largest since the third quarter of 2021.According to the Bank of Korea's 'Preliminary Household Credit Statistics for Q2 2026' released on August 19, the household credit balance reached 2019.8 trillion won at th

가계부채가 사상 처음 2000조원을 넘어섰지만 경제 규모 대비 부채 수준은 하락세인 것으로 나타났다. 다만 명목 경제 규모가 빠르게 커진 영향이 큰 데다 하반기 가계대출 증가세가 다시 확대될 가능성이 있어 안심하기는 이르다는 평가다. 경제 규모 커지며 부채비율 하락했지만…주요국보다 여전히 높아 19일 금융권 등에 따르면 올해 1분기 기준 명목 국내총생산(GDP) 대비 가계부채 비율은 85.3%로 나타났다. 직전 분기(88.1%)보다 2.8%포인트 낮아졌고 전년 동기(89.1%)와 비교해서도 3.8%포인트 하락한 수준이다. GDP

The People Power Party has appointed three-term lawmaker Im Yi-ja as its new policy chief. Im is set to be officially confirmed at a general meeting of lawmakers on the 20th.Park Chung-kwon, the party's chief spokesperson, told reporters at the National Assembly that "Im is a leading expert in labor issues and has served as the chair of the National Assembly's Committee on Finance and Economy." He expressed expectations that her appointment will contribute to the party's policy-centered expansio