Raon Secure Joins Upstage's AI Foundation Model Consortium to Focus on AI Security
Security firm Raon Secure is joining a consortium led by Upstage to develop a proprietary artificial intelligence (AI) foundation model, focusing on integrating security technology with domestic large language models (LLMs) for practical applications in AI security.On August 19, Raon Secure announced its role in the AI security sector within the Upstage-led AI foundation model consortium.Upstage successfully passed the second phase evaluation conducted by the Ministry of Science and ICT on Augus
The Plaza Hotel to Undergo Major Renovation, Closing for Three Years
The Plaza, a landmark in front of Seoul Plaza for half a century, is set to undergo a significant transformation. The hotel will close its doors at the end of September for a comprehensive renovation expected to last about three years. The existing configuration, which focuses on deluxe rooms, will be revamped to prioritize high-end suites, and the club lounge and business spaces will be expanded. Plans also include attracting a world-class fine dining restaurant and joining a global luxury hote
Justice Minister Jeong Seong-ho Resigns, Citing Health and Completion of Reform Legislation
Justice Minister Jeong Seong-ho submitted his resignation, citing health reasons and the completion of key judicial reform legislation. Jeong, who has served as the first Justice Minister under the Lee Jae-myung administration for the past year, expressed his intention to return to the National Assembly to support the success of the Democratic Party and the government.According to legal sources on August 19, Jeong announced on his Facebook page the night before, "I submitted my resignation due t
OpenAI Launches 'ChatGPT for Teens' to Enhance Understanding Over Answers
OpenAI announced the launch of 'ChatGPT for Teens' on August 19, aimed at reducing the emotional dependency of adolescents on AI while enhancing their learning outcomes. The system automatically applies this version when it estimates a user to be under 18 or when a user identifies themselves as aged 13 to 17.The product is designed to encourage teens to understand concepts and solve problems independently rather than simply seeking answers through AI. Students preparing for exams can request exp
Market Preview: New York Stocks Decline for Third Day Amid Rising Interest Rates
The New York stock market has declined for three consecutive days due to uncertainties in the Middle East and a surge in long-term government bond yields. With semiconductor stocks also facing profit-taking pressures, the domestic market is expected to open lower on the 19th. However, as the recent rise in interest rates has largely been reflected in the previous day's U.S. market, attention is on whether there will be a reduction in intraday losses.On the 18th (local time), the Dow Jones Indust
One in Four Adults in South Korea Affected by Fatty Liver Disease
Contrary to the belief that excessive alcohol consumption is the primary cause of fatty liver disease, a recent study found that one in four South Korean adults suffers from metabolic dysfunction fatty liver disease (MASLD), which is often linked to obesity and diabetes. The risk varies based on lifestyle factors such as diet, exercise, smoking, and sleep.The Korea Disease Control and Prevention Agency's National Health Research Institute reported on August 19 that the prevalence of MASLD among
LG Energy Solution Launches Michigan Lansing Plant, Strengthening North American ESS Production
LG Energy Solution has officially commenced operations at its Michigan Lansing plant, accelerating its efforts in the rapidly growing North American energy storage system (ESS) market.On August 18, LG Energy Solution held an opening ceremony for the Michigan Lansing Plant (LG Energy Solution Michigan-Lansing). The event was attended by key figures including Michigan Governor Gretchen Whitmer, U.S. Secretary of the Interior Doug Burgum, and Congressman Tom Barrett, along with Hong Sang-woo, the C
Kiwoom Securities Raises T&L Target Price, Citing Strong Profitability
Kiwoom Securities reported on August 19 that T&L achieved record-high profitability without the benefit of tariff refunds. As a result, the firm raised its target price from 46,920 won to 48,000 won while maintaining a 'buy' rating.Shin Min-soo, a researcher at Kiwoom Securities, noted, "The gross profit margin for the second quarter rose by 12.4 percentage points year-on-year to 53.4%, surpassing the previous record set in the first quarter." He added, "Since the U.S. clients bear the tariffs,
Coinone Extends Partnership with KakaoBank for Real-Name Account Services
Cryptocurrency exchange Coinone has extended its partnership with KakaoBank for real-name verification deposit and withdrawal accounts.On August 19, Coinone announced that it has completed the renewal of its contract with KakaoBank for the issuance of real-name verification accounts. The renewal followed an on-site inspection that reviewed the adequacy of the anti-money laundering (AML) system, and the Financial Intelligence Unit (FIU) has also approved the necessary changes related to the renew
LG Chem Introduces Immunocytokine Candidate 'GNV205' for Solid Tumors
LG Chem announced it has begun preclinical studies for 'GNV205', an immunocytokine candidate acquired from domestic biotech company Genev. This initiative aims to evaluate the potential for developing next-generation immuno-oncology therapies and to expand its cancer treatment portfolio. In September 2022, LG Chem secured exclusive global development and commercialization rights for GNV205 through a contract with Genev, which included an upfront payment and additional conditional milestone payme