Seoul is reducing the time required to establish associations for urban renewal projects from approximately one year to four months to accelerate housing supply.On August 19, the city announced the implementation of the 'Improvement Plan for Accelerating Association Establishment Procedures' starting the previous day. Recent legal amendments and deregulation measures now allow the formation of promotion committees even before the designation of renewal zones, enabling preliminary procedures for

Emergency fire truck yielding training will take place in Gwangju. The Gwangju Metropolitan Fire Department announced that it will conduct a nationwide "Emergency Fire Truck Yielding Training" in conjunction with civil defense drills at 27 locations in Gwangju on August 20. At 2 p.m. that day, when the civil defense siren sounds, fire trucks will respond in real scenarios for 20 minutes on major roads, including traditional markets, intersections, and areas prone to congestion. Pedestrians are r

As rising prices and a focus on health and value consumption converge, the food and restaurant industries are moving early to capture demand for Chuseok gifts this year. Companies are diversifying their offerings, which include health-oriented products like high-protein and low-sugar items, popular home meal replacements (HMR), and premium Hanwoo beef, while enhancing purchase benefits such as pre-order discounts and online exclusive products.According to industry sources on August 19, Daesang C

Isu Petasys is seeing a rise of over 5% in early trading as it reviews plans for additional investments in its sixth factory, following a strong second-quarter performance. The increase in demand for high-spec printed circuit boards (PCBs) driven by the expansion of the artificial intelligence (AI) server and data center market is boosting expectations for improved performance and production capacity.As of 9:45 a.m. on the Korea Exchange, Isu Petasys shares were trading at 108,400 won, up 5,500

Samsung Electronics and SK Hynix are experiencing significant declines in early trading due to the weak performance of U.S. semiconductor stocks overnight.As of 9:59 a.m. on the Korea Exchange, Samsung Electronics shares were trading at 250,000 won, down 18,500 won (6.89%) from the previous trading day. SK Hynix also saw a drop of 14,000 won (8.42%), bringing its stock price to 1,522,000 won.The downturn in both stocks is attributed to a broad decline in semiconductor-related shares on the New Y

Daejeon's famous bakery, Seongsimdang, has been voted the top travel destination in South Korea by the public. The overall winner, based on combined votes across all travel themes, is Jeju's Seongsan Ilchulbong. This reflects a recent travel trend favoring places with diverse attractions that offer simple, everyday satisfaction over flashy sights.The Ministry of Culture, Sports and Tourism, in collaboration with the Korea Tourism Organization, announced the results of the 'Discovering Korea's At

The Hanyang University Law School team analyzed the potential competitive restrictions of a merger between a leading easy payment provider and a top virtual asset exchange, winning first place at the Mock Fair Trade Commission Competition for university students.The Fair Trade Commission announced on August 19 that the Hanyang University team received the top award at the 24th Mock Fair Trade Commission Competition held at The Riverside Hotel in Seoul on August 12-13.This year, a record 43 teams

LG Corp. announced on August 19 that it has published its '2025 ESG Report,' detailing its sustainability achievements and future plans. The report covers LG Corp. and its subsidiaries, including LG CNS, D&O, LG Electronics, LG Chem, and LG Uplus, focusing on three main areas: compliance management, climate change, and health and safety. To provide timely information, some data from the first half of 2026 has also been included. In the area of compliance management, LG has undertaken a compr

LG Electronics is supplying its next-generation 5G telematics solution to European production vehicles. This move aims to enhance vehicle communication performance and strengthen the competitive edge of software-defined vehicles (SDVs), artificial intelligence-driven vehicles (AIDVs), and autonomous driving technologies.According to LG Electronics, the company has recently applied its R16-based smart telematics solution, which adheres to the latest 5G communication standards, to European product