Six National Assembly Committees in Session Amidst Political Tensions
On August 19, the National Assembly convened six standing committees, including the Judiciary Committee, Science and Technology Committee, Foreign Affairs and Unification Committee, Health and Welfare Committee, Land, Infrastructure and Transport Committee, and Climate, Energy, Environment and Labor Committee. The committees began reviewing last year's budget and received reports on various issues from relevant agencies. However, simultaneous meetings led to clashes between the ruling and opposi
Busan Launches 100-Day Hope Counseling Bus Amid Rising Bankruptcy Applications
As bankruptcy and rehabilitation applications in Busan exceed 20,000 annually, the city is reaching out to small business owners and citizens facing debt issues.The city plans to operate a one-stop support system for 100 days until December, providing services from consultation to application, financial assistance, and post-management.On the morning of August 19, Busan City held a signing ceremony for the 'One-Stop Project for Reviving Livelihoods' at the city hall's international reception room
Hanwha's K9 Self-Propelled Howitzer Enters U.S. Market, First Export of Korean Weapon System
Hanwha Aerospace has successfully exported a domestic weapon system to the United States, the world's largest defense market, marking a significant milestone. On August 19, industry sources reported that Hanwha Defense USA, a subsidiary of Hanwha Aerospace, signed a contract with the U.S. Army for the development of prototypes for the Maneuver Tactical Cannon (MTC) program. The contract includes the supply of six K9 wheeled howitzers (K9MH). Over the next four years, the K9MH will undergo modifi
Hanwha Aerospace Expands K9 Self-Propelled Howitzer Exports to the U.S.
Hanwha Aerospace has opened the door to the world's largest defense market, the United States, with its K9 self-propelled howitzer. This achievement is seen as a realization of Chairman Kim Seung-yeon's management philosophy of 'business for the nation.' The K9, which has proven its competitiveness in Europe and Asia, is now expected to have a significant impact on the global market following its acceptance in the U.S. On August 19, industry sources reported that Hanwha signed a contract with th
Actor Hong Min-ki Faces Dating Violence Allegations Amid Dispute with Ex-Girlfriend
Actor Hong Min-ki is embroiled in allegations of dating violence, with conflicting claims emerging from his ex-girlfriend and his agency. The ex-girlfriend, referred to as A, alleges that she was subjected to assault and threats, while the agency contends that the breakup was due to A's infidelity and that they are the ones facing stalking and intimidation, promising legal action. On August 19, influencer A shared a document on her social media that she sent to Hong Min-ki and his agency on Ju
KOSPI Companies Report Record Revenue of 2000 Trillion Won in First Half of 2026
This year, the total revenue of companies listed on the KOSPI exceeded 2000 trillion won for the first time. Operating profit and net profit also surged compared to the previous year, largely due to the strong performance of semiconductor giants Samsung Electronics and SK Hynix. Together, these two companies accounted for over 60% of the total operating profit. However, even excluding Samsung and SK Hynix, other companies saw their operating profit increase by more than 75%, indicating that the
Special Prosecutors Indict Colonel Cho Sung-hyun for Insurrection Despite Award
The Special Prosecutors' Team led by Kwon Chang-young has indicted Colonel Cho Sung-hyun, former commander of the 1st Guard Brigade of the Army Capital Defense Command, for his involvement in insurrection. This comes despite his previous recognition for contributing to the early termination of martial law by instructing his unit not to cross the Seogang Bridge during the emergency declaration on December 3, 2024.On August 19, the Special Prosecutors' Team announced that Colonel Cho was indicted
TSMC's Stock-Based Compensation Model vs. Cash Preferences in South Korea's Semiconductor Industry
As SK Hynix's labor and management face last-minute struggles over stock-based performance bonuses, the preference for cash compensation in South Korea is seen as a key factor weakening the semiconductor industry's competitiveness. Concerns are growing that the massive profits, amounting to trillions of won, are being consumed as short-term cash expenses, undermining talent retention and future research and development (R&D) and capital investment capabilities.According to industry sources, TSMC
The Need to Reassess Big Box Store Regulations in the E-Commerce Era
In an age where fresh produce can be delivered to your doorstep by morning with just a few taps on a smartphone, many big box stores in our neighborhoods close their doors twice a month, adhering to regulations established in 2012 aimed at revitalizing local businesses and traditional markets.Misdiagnosing a problem often leads to ineffective solutions. At that time, the government and political circles identified big box stores as a major cause of the decline of small businesses and traditional
Weather Forecast: Showers Expected Nationwide Amid Late Summer Heat, Seoul to Reach 33 Degrees
On Thursday, August 20, scattered showers are expected across southern Gyeonggi, Chungcheong, and southern regions of South Korea, with perceived temperatures rising to around 33 degrees Celsius. According to the Korea Meteorological Administration, the morning will see cloudy skies in the capital region and Gangwon, while the rest of the country will be generally overcast. Showers are likely in southern Gyeonggi, Chungcheong, and southern areas. Jeju Island is forecasted to receive between 10 t