Meritz Securities has selected Hong Kong as its first overseas base and is working to establish a local subsidiary by the end of the year. After focusing on domestic operations, the company is now making a significant move to expand its global presence.According to the financial investment industry on August 18, Meritz Securities is progressing with the necessary procedures to establish its Hong Kong subsidiary in the second half of this year. However, the timeline for the establishment may exte

Alibaba Cloud is accelerating the expansion of its AI infrastructure in South Korea with the launch of its third data center, responding to the growing demand for artificial intelligence (AI) in the country. The company aims to enhance its presence in the domestic AI cloud market by offering an 'end-to-end AI full stack' that encompasses infrastructure, proprietary AI models, platforms, and applications.Yoon Yong-jun, head of Alibaba Cloud Intelligence in South Korea, stated at a press conferenc

Japan's long-term interest rates surged to 2.945% on August 18, reaching a nearly 30-year high. The increase is attributed to heightened expectations of a rate hike by the Bank of Japan (BOJ) in September, coupled with concerns over expanded government bond supply due to active fiscal policies. Market analysts predict that breaching the 3% mark for 10-year bonds is imminent.On August 17, the benchmark 10-year government bond yield in the Tokyo bond market rose to 2.930%, the highest level since

The Ministry of Science and ICT announced that three elite teams have passed the second evaluation of the 'Independent AI Foundation Model' project and will focus on enhancing model performance and real-world testing in the next phase. The strategy aims to narrow the technology gap with global frontier-level models while increasing practical usability.On August 18, the ministry revealed the results of the second evaluation. The teams from Upstage, SK Telecom (SKT), and LG AI Research Institute a

Wang Yi, China's Foreign Minister, will make an official visit to South Korea from August 19 to 20 at the invitation of South Korean Foreign Minister Park Jin.During a regular briefing on August 18, Foreign Ministry spokesperson Park Du-sun stated, "The two ministers are expected to exchange in-depth views on bilateral relations, the situation on the Korean Peninsula, and regional and international issues of mutual interest during the China-South Korea Foreign Ministers' Meeting and an official

The 2029 College Scholastic Ability Test (CSAT) for current first-year high school students will take place on November 16, 2028. The integrated exam system, which eliminated elective subjects in Korean, mathematics, and inquiry areas, is expected to remain in place for the 2029 exam, following its introduction in 2028.On August 18, the Ministry of Education announced the details regarding the exam date and subjects for the 2029 CSAT. The results for the 2029 exam will be communicated to student

11st has introduced a new service that utilizes artificial intelligence (AI) to recommend search keywords and products tailored to customer purchasing intentions.On August 18, 11st announced the launch of its '11st AI Search' service, which suggests detailed search keywords and related products based on the customer's input in the search bar. When a customer searches for a product category, the AI analyzes key features, characteristics, and uses of the product to propose specific search keywords

Kim Min-seok, the newly appointed leader of the Democratic Party, received a congratulatory letter from President Lee Jae-myung on August 18 and paid respects at the grave of former President Kim Dae-jung. On August 19, he plans to visit the grave of former President Roh Moo-hyun and meet with former President Moon Jae-in. As he embarks on a path of unified politics, attention is focused on whether he can fulfill the '4 Unity' pledge made by his rival, former leader Jeong Cheong-rae, which calls

Hayden Panettiere, the actress known for her roles in the TV series 'Heroes' and 'Nashville,' has died at the age of 36.CNN reported that Panettiere was found unresponsive in an apartment in Greenville, South Carolina, on August 16. According to the Greenville County Coroner's Office, she was discovered at 1:51 p.m. after a 911 call was made by a friend. Emergency medical personnel attempted to revive her, but she was pronounced dead at 2:32 p.m.At the time, Panettiere was staying temporarily at