Seoul's Superintendent of Education Jeong Geun-sik expressed the need for a cautious approach regarding the government's proposed revisions to local education funding. While the government aims to adjust the funding system under the pretext of investing in early and lifelong education, Jeong argued that these areas are already significantly managed by education offices, suggesting that support could be expanded within the existing framework.During a press briefing on August 18, Jeong voiced his

Domestic securities firms have increased their equity capital by over 10 trillion won in the first half of 2026. This growth is attributed to the expansion of corporate finance (IB) and venture capital investments, as major firms seek to bolster their capital amid favorable market conditions.According to data compiled by the financial investment industry on August 18, the equity capital of 37 domestic securities firms rose from 95.8474 trillion won at the end of December 2025 to 106.2814 trillio

Public Home Shopping has made a charitable contribution to support neighbors in need during the heatwave.On August 18, Public Home Shopping announced that it donated a total of 15 million won to welfare facilities for single mothers, including Aeranwon, Mapo Aeranwon, and Aeran Youngsville. The funds will be used to purchase postpartum supplies and food and beverages for single mothers.Additionally, the company provided 10 million won to the Small Business Hope Foundation, which includes the ful

The South Korean government has decided to exclude the greenbelt areas around the Gwacheon Racecourse and the Defense Security Command, as well as Seongnam's Geumto 2 and Yeosu 2 districts, from the total area eligible for greenbelt release in the metropolitan area. This move allows for the development of 16,100 housing units without reducing the existing allocation for local governments, potentially accelerating housing supply. On August 18, during the first Uljin National Security Council meet

Record rainfall during the Liberation Day holiday caused significant damage to national heritage sites in the southern coastal region of Gyeongnam, including the stone structures at the 'Tongyeong Hansando Yi Chung-mu Historic Site.' As of the morning of August 18, the Cultural Heritage Administration reported five cases of damage to national heritage sites in the Tongyeong and Geoje areas due to the heavy rain, including one historic site and four registered cultural properties. The 'Tongyeo

Clean Country's B2B hygiene solution brand, Clean Country PRO, has launched three new products: the industrial wipers TechFit S60 and S80, and the hand sanitizer Shield Sanitizer Gel.According to Clean Country, these new products were developed with various business environments in mind, ranging from manufacturing and automotive maintenance to hospitals, hotels, and offices. The focus is on enhancing work efficiency and hygiene management through specialized hygiene solutions tailored to specifi

The Ministry of Science and ICT is reviewing the restructuring and integration of existing AI projects, including the Independent AI Foundation Model (IndepAI), to better respond to the development of global frontier-level artificial intelligence (AI) models. The third phase of the IndepAI evaluation will proceed as scheduled, selecting two out of three elite teams, while a new competitive framework for developing frontier-level AI models is being planned.On August 18, the ministry announced the

The Korean national soccer team has confirmed the schedule and venues for four friendly matches in September and October under a new interim coaching system.The Korea Football Association announced on August 18 that the four matches, part of the Hana Bank Invitational, will take place in Suwon, Seoul, Ulsan, and Yongin.This series of matches will adhere to the newly revised international match schedule regulations set by FIFA, which has reduced the number of annual A-match periods from five to f

LG Electronics is significantly enhancing its collaboration with NVIDIA in the robotics sector, a key area for future business. The two companies met just four days after signing a memorandum of understanding (MOU) to discuss actionable strategies.On August 18, LG Electronics invited key figures, including Madison Huang, Senior Vice President of NVIDIA, to the LG Data Factory in Seocho-gu, Seoul, to discuss robotics collaboration and synergy creation strategies.Attendees included LG Electronics