Government and Seoul City Clash Over Yongsan Park Development
As the government and Seoul City clash over plans to supply housing within Yongsan Park, political parties are showing differing opinions. The fate of the amendment to the Yongsan Park Special Law, which is set to be discussed in the National Assembly on the 20th, has also become a key issue. If approved, the development of Yongsan Park could gain momentum alongside a meeting between Minister of Land, Infrastructure and Transport Kim Yun-deok and Seoul Mayor Oh Se-hoon on the same day.Democratic
Messi and Ronaldo Hint at Retirement, Signaling End of an Era
After more than 20 years of thrilling fans and dominating the global football scene, the era of Lionel Messi (Inter Miami) and Cristiano Ronaldo (Al Nassr) appears to be coming to an end.Messi and Ronaldo, who began their professional careers at FC Barcelona (Spain) in 2004 and Sporting (Portugal) in 2002, respectively, have formed an unprecedented rivalry, winning the Ballon d'Or eight and five times. They have also shattered numerous significant records in football history.As they move past th
Japanese Kitchen Brand Faces Consumer Backlash Over Delayed Installations
Japanese kitchen brand Cleanup Kitchen is facing criticism from consumers in South Korea for delaying construction despite receiving substantial deposits. One consumer reported, "I signed a contract in mid-January with a promise of completion, but the construction has been delayed for nearly four months." According to consumer A, the South Korean distributor of the Japanese kitchen system brand has not completed the installation despite receiving a deposit of 60 million won. A contract was si
POSCO Group Partners with Ronbay Group to Enter Chinese Battery-Grade Lithium Market
POSCO Group has partnered with China's leading cathode material company, Ningbo Ronbay New Energy, to collaborate on battery-grade lithium supply and the overall battery materials business.On August 19, POSCO Holdings signed a strategic agreement with Ronbay Group at the POSCO Center, agreeing to cooperate across the entire battery materials value chain, from lithium supply from ore and brine to recycling used batteries.Ronbay Group has been a leader in the high-nickel cathode material sector fo
Next Housing Initiative: 'Shared Ownership Homes' with 25% Entry Cost
The government is set to expand a new homeownership model that reduces initial financial burdens by introducing shared ownership and profit-sharing homes in public sales. However, experts caution that since this approach does not lower the sale price itself, additional costs for acquiring shares, usage fees, loan principal and interest, and disposal conditions must be considered for it to truly serve as a housing ladder.According to the Ministry of Land, Infrastructure and Transport on August 19
Choi Byung-oh Seeks Re-election as KFI Chairman, Aims to Propel K-Fabric Globally
Choi Byung-oh, Chairman of the Korea Federation of Textile Industries (KFI) and head of Fashion Group Hyungji, is seeking re-election. He highlighted the strengthening of unity within the textile industry and the recovery of its presence over the past three years as key achievements. However, he expressed disappointment over the lack of concrete results despite his extensive engagement in the field.Choi spoke with reporters on August 19 at the Preview in Seoul (PIS) 2026, a global textile sourci
Nexters CEO Jang Hyun-guk: One Store to Achieve Monthly Profitability in September
“One Store is expected to surpass its monthly breakeven point (BEP) and turn a profit in September,” said Jang Hyun-guk, CEO of Nexters. He has moved up the timeline for achieving BEP from the end of the year to September, citing recent expansions in new content and exclusive games that have enabled faster profitability improvements. Additionally, the global launch of One Store in 124 countries at the end of this month will accelerate its transformation with a focus on AI and blockchain games.In
Special Prosecutor Lee Tae-han to Utilize Forensic Center for Election Investigation
Lee Tae-han, the special prosecutor appointed to investigate allegations surrounding the shortage of ballots during the June 3 local elections, visited the joint investigation team established by the prosecution and police on August 19.According to legal sources, the special prosecutor met with Kim Tae-hoon, the head of the joint investigation team and deputy chief prosecutor at the Seoul Central District Prosecutors' Office, around 1 p.m. to discuss the transfer of the case and personnel deploy
Woori Bank Celebrates 100th Anniversary of Park Kyung-ri's Birth, Supports Globalization of 'Land'
Woori Bank is committed to promoting the literary legacy of the late Park Kyung-ri, with whom it has had a longstanding relationship since its days as a commercial bank.On August 19, Woori Bank announced that it has signed a cultural cooperation agreement with the Land Cultural Foundation and provided a donation to commemorate the 100th anniversary of Park Kyung-ri's birth.Park Kyung-ri has a unique history, having worked as a bank employee at the Yongsan branch of the commercial bank, Woori Ban
Hanwha Engine Opens Mid-Speed Engine Factory in Changwon, Expands Four-Stroke Engine Business
Hanwha Engine has inaugurated a dedicated mid-speed engine production facility at its headquarters in Changwon, South Korea, marking a significant step in expanding its four-stroke engine business.On August 19, Hanwha Engine held a ceremony to celebrate the completion of the mid-speed engine factory, which covers an area of approximately 2,500 pyeong and is equipped with a specialized production system for stable mass production of four-stroke mid-speed engines.The event was attended by over 200