Jeong Seong-ho, the Minister of Justice, has officially submitted his resignation, raising concerns over key issues surrounding prosecutorial reform, including the abolition of direct investigative powers for prosecutors.According to legal sources on August 18, Jeong submitted his resignation to the Blue House and the Ministry of Personnel Management in the afternoon.In his resignation letter, he cited health reasons, including sleep disorders, and stated that "major legislation related to prose

The mortgage rates at South Korea's five major banks have surged to their highest level since statistics began being recorded. In June, the average mortgage rate for new installment loans from KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup banks reached 3.27%, the highest since July 2019. This marks a significant increase from 2.99% in December of last year, with rates rising for seven consecutive months this year.Banking officials explain that the increase in mortgage rates is partly due to

Amid rising geopolitical tensions, China has reduced its holdings of U.S. Treasury securities to the lowest level in nearly 18 years as of June. Japan's holdings have also significantly decreased.According to data from the U.S. Treasury Department released on the 17th, China's U.S. Treasury holdings fell to $633.4 billion in June, down 4% from $659.3 billion in May. This marks a decline of over 13% compared to the same period last year. The June figure is the lowest since September 2008, when ho

Changwon City is set to hold its inaugural 'Lovers' Day' event at Rose Park on August 19, coinciding with the lunar festival Chilseok, in an effort to boost local commerce at the nearby Gaeumjeong Market.The event will take place from 6 p.m. to 9 p.m. at Rose Park in Seongsan District, according to an announcement made on August 18.This initiative aims to modernize the significance of Chilseok and encourage visitors to utilize Gaeumjeong Market.On the day of the event, cultural performances will

As the first commission payment date approaches under the '1200% rule' for insurance agents affiliated with corporate insurance agencies (GAs), many GAs have yet to finalize specific payment criteria. GAs are adjusting their payment plans while monitoring competitors to prevent agent departures.According to the insurance industry on August 18, many GAs have not yet communicated the detailed commission criteria reflecting the 1200% rule to their agents.Typically, GA agents receive commission paym

Nexters announced on August 18 that it has signed a strategic memorandum of understanding (MOU) with the Korean won stablecoin KRWQ. As part of this agreement, KRWQ will be used for payments in artificial intelligence (AI) and global gaming services offered by OneStore. Following its acquisition of OneStore, Nexters has secured the distribution and payment infrastructure that was previously lacking in its blockchain gaming platform, connecting KRWQ as a payment and settlement option alongside th

Following the deaths of two workers from subcontractors due to entrapment accidents at HD Hyundai Heavy Industries' Ulsan and Gunsan shipyards, labor authorities have initiated a large-scale oversight.The Ministry of Employment and Labor announced on August 18 that it has begun intensive supervision equivalent to special oversight at HD Hyundai Heavy Industries.On July 18, a 20-year-old Uzbek worker from a subcontractor died after becoming trapped between a gondola and the upper structure while

Hyundai Engineering has been selected as a partner for the next-generation nuclear power project by the American company TerraPower. The company has secured EPC priority rights for up to eight follow-up sodium nuclear reactors, aiming to take the lead in the commercialization market for next-generation nuclear power. On August 18, Hyundai Engineering announced that its CEO, Lee Han-woo, and TerraPower CEO Chris Levesque, along with other key executives, signed a basic agreement to carry out the

Group BIGBANG's popularity remains 'ongoing.' This year, as they celebrate their 20th anniversary, events planned to mark the occasion are selling out rapidly, demonstrating their enduring appeal. A concert that attracted 210,000 fans sold out in just 22 minutes, while a fan event by the Han River was fully booked in six minutes. The release of their new song, their first in over four years, has also generated significant buzz. BIGBANG's current activities extend beyond a one-time music release;