Park Seo-bo Museum to Open in Yeonhui-dong
"My father replenished his energy in the garden while painting in his later years. He would sit there quietly." (Park Seung-ho, Chairman of the Park Seo-bo Foundation and son of Park Seo-bo) The newly opened Park Seo-bo Museum in Yeonhui-dong, Seodaemun-gu, reflects this sentiment. Instead of filling the space with artworks, it allows nature to take center stage. The small museum, covering approximately 230 pyeong, features large windows that invite in the greenery of the mountains, the red b
Hong Jun-pyo Criticizes Ruling Party's Internal Dynamics
Hong Jun-pyo, a former mayor of Daegu, criticized the People Power Party's three-term lawmakers on August 19 for their decision to rally around floor leader Jeong Jeong-sik, stating they are "ignoring and shaking the party leader who has the support of party members and the public."In a Facebook post, Hong remarked, "This is disregarding the 1.5-term party leader." He added, "It seems that the inept three-term lawmakers have decided to gather around Jeong Jeong-sik, claiming that Jang Dong-hyuk
Nongshim Provides Emergency Food Packs to Flood-Affected Areas in Gyeongnam
Nongshim announced it will urgently provide 1,200 'emergency food packs' to areas in Gyeongnam affected by extreme rainfall.The emergency food packs consist of instant noodles and bottled water, designed for immediate consumption in disaster situations. The supplies will be distributed to evacuees staying in shelters, as well as firefighters and volunteers involved in recovery efforts.A Nongshim representative stated, "We decided to provide this support to help those suffering from the impacts o
Hyundai Unveils All-New Tucson, Revamping SUV Design After Six Years
Hyundai Motor Company has unveiled the design of the all-new Tucson, a complete redesign of its popular SUV.On August 19, Hyundai revealed the interior and exterior design of the all-new Tucson, marking the debut of the fifth-generation model after the fourth generation was launched in September 2020. This new model features a bolder SUV design and class-leading spaciousness.The all-new Tucson reinterprets the tension and strength of steel, based on Hyundai's design philosophy known as the Art o
SoftBank Issues Record 1 Trillion Yen Bond for AI Investments
SoftBank Group (SBG) is set to issue a 1 trillion yen (approximately $9 billion) bond aimed at individual investors to expand its investments in artificial intelligence (AI). This marks the largest bond issuance by a Japanese company targeting individual investors.According to the Nihon Keizai Shimbun on August 19, SBG is preparing to issue a seven-year bond, with the total amount expected to reach 1 trillion yen. Specific terms, including interest rates, will be determined in early September. T
Han Yu-won Introduces Outstanding Agricultural Products at Gmarket's 'Co-Prosperity Market'
The Korea Small Business and Startups Agency and the Korea Agricultural Technology Promotion Agency announced on August 19 that they will jointly host the 'Showcase of Outstanding Agricultural Innovation Products' at Gmarket's co-prosperity dedicated hall, 'Co-Prosperity Market.'Han Yu-won explained that this showcase is designed to support innovative small and medium-sized agricultural enterprises facing challenges in market access.The Korea Agricultural Technology Promotion Agency is a public
One in Five High Earners at Major Corporations Received Stock Compensation
In the first half of this year, one in five high earners at major corporations in South Korea received stock-based compensation. Among the 145 high earners who received such compensation, the total amount reached 368.9 billion won, with SK and Doosan accounting for over 60% of the total.On August 19, CEO Score, a corporate data research institute, reported that 661 employees received over 50 million won in total compensation during the first half of the year. Of these, 145 individuals, or 21.9%,
KOSPI Plummets Over 5% Amid Rising Interest Rates and Weak Semiconductor Stocks
The KOSPI index opened sharply lower, dropping more than 5% due to a surge in U.S. long-term Treasury yields and weakness in semiconductor stocks. Following significant declines in semiconductor shares like Micron and SanDisk on Wall Street, foreign and institutional selling pressure pushed the index down to the 6,400 level. The early drop triggered a sell-side circuit breaker in the securities market.As of 9:23 a.m. on August 19, the KOSPI was trading at 6,436.59, down 433.24 points (6.31%) fro
U.S. Tech Stocks Plunge, Bond Yields Surge, Pressuring Won-Dollar Exchange Rate
U.S. tech stocks fell sharply overnight, and global bond yields surged, increasing pressure on the won-dollar exchange rate.As of 9:15 a.m. in the Seoul foreign exchange market, the exchange rate for the Korean won against the U.S. dollar was trading at 1,412.2 won.The rate opened at 1,412.5 won, up 0.7 won from the previous trading day as of 6 a.m.In New York, tech stocks, particularly in the semiconductor sector, saw significant sell-offs, leading to a broader market decline. On August 18 (loc
Han River District's Living Lab Design Project Wins Presidential Award at Public Design Awards
The 2026 Korea Public Design Awards' Presidential Award was presented to the "Living Lab Yonyong Lab" project by the Yongsan District Office in Seoul for its Han River District Safety Design initiative, the Ministry of Culture, Sports and Tourism and the Korea Craft and Design Culture Promotion Agency announced on August 19.The award-winning project addressed issues in the Han River District, where residential and commercial areas overlap, leading to noise, illegal dumping, and parking difficult