Kim Min-seok, the leader of the Democratic Party, appointed Representative Moon Jin-seok as the Chief Administrative Vice Chairman and Representative Ahn Tae-jun as the Organizational Vice Chairman on August 19. Additionally, a new task force for innovation at the Democratic Research Institute was established, with Representative Kang Deuk-gu appointed as its head.Park Sung-jun, the party's chief spokesperson, discussed the new appointments with reporters in Pyeongsan Village, Yangsan, in the af

Musinsa will share its technological achievements and development know-how gained from applying artificial intelligence (AI) in commerce services with external developers.The company announced that it will host the 'Musinsa Pattern 2026 Tech Conference' on September 18 at the Bondavinci Museum in Gwangjin-gu, Seoul. This event aims to share Musinsa Tech's engineering capabilities and product development experiences with the developer ecosystem, focusing on innovative cases of using AI in commerc

The 'Foreign Land Transaction Permit System,' implemented to curb speculative housing purchases by foreigners, is set to end in a week. Since its introduction, foreign housing transactions in Seoul have dropped by more than half, prompting interest in whether the system will be extended.According to the Ministry of Land, Infrastructure and Transport, the permit designation period for areas including all of Seoul, 23 cities and counties in Gyeonggi Province, and seven districts in Incheon will ex

Financial institutions are providing support to customers affected by the recent heavy rains in the Gyeongnam region, including deferrals on insurance premiums and credit card payments, as well as reductions in loan interest rates. According to the financial sector on the 19th, Samsung Card will defer credit card payment due dates for affected customers from August to October for up to six months. One-time domestic purchases over 10,000 won can be converted to installment payments for up to six

Daewoong Pharmaceutical is launching the 'Daewoong Alliance' in collaboration with 12 domestic digital healthcare companies.The company announced on August 19 that it will showcase the Daewoong Alliance at the 'Korea Hospital and Health Tech Fair (KHF) 2026,' taking place at COEX in Seoul until August 21.The Daewoong Alliance is a digital healthcare collaboration model that connects health data generated in hospitals and daily life, extending beyond drug-centered treatment to encompass preventio

While overall employment in the finance and insurance sectors has increased, the number of new hires at major commercial banks has been declining over the long term. The rise of online transactions and the reduction of physical branches have led to a decreased demand for general bank tellers, prompting a shift in recruitment within the finance sector towards specialized roles in digital IT, investment finance, and non-bank institutions.According to the Financial Services Commission, the '2026 Jo

Lee Seok-yeon, chair of the Presidential Committee on National Integration, publicly urged President Yoon Suk Yeol to resign from the Democratic Party and pursue bipartisan governance. He argued that now, following the conclusion of the party's convention and the establishment of new leadership, is the right time for the president to step down from party affiliation and become a 'president for all.'During an appearance on MBC's '100 Minutes Debate' on the night of August 18, Lee stated, "I would

As controversy continues over the government's real estate and housing policies, discontent among the youth demographic has surged on online platforms. On August 19, reactions emerged regarding the restrictions on jeonse loans for one-home owners in the metropolitan area and the proposal for youth rental housing at Yongsan Park. Many expressed frustration, questioning whether the government is suggesting they should live in rental housing as homeownership becomes increasingly difficult.On the sa

The Democratic Party announced on August 19 that it has "removed the barriers of total regulation on greenbelts" and stated, "The party and government will respond to the public with 'accelerated housing supply.'" This comes amid differing views between the government and Seoul City, with the Democratic Party appearing to support the government.Park Sung-jun, the party's chief spokesperson, explained in a written briefing that "a proposal to exempt the total regulation on greenbelt areas for lar