S-Oil to Enhance Petrochemical Industry Competitiveness with Shaheen Project
S-Oil announced on August 18 that it will contribute to strengthening the global competitiveness of South Korea's petrochemical industry through the Shaheen Project, which commercializes TC2C technology for the first time in the world.The Shaheen Project will apply TC2C (Thermal Crude to Chemicals) technology to convert low-value fractions from crude oil and refining processes into petrochemical feedstock.By combining high-efficiency steam crackers, power generation facilities, waste heat recove
President Lee Emphasizes Importance of Peace Without Conflict
President Lee Jae-myung presided over a full meeting of the Eulji National Security Council (NSC) on August 18, stating, "Creating a peace where conflict is unnecessary is of utmost importance, but we must also prepare for the worst-case scenarios."Chief Presidential Spokesperson Kang Yu-jeong reported in a written briefing that President Lee reviewed the nation's mobilization capabilities in the event of war, as well as the procedures and measures for transitioning various agencies to wartime o
KGM Launches Brand in Myanmar, Aiming to Sell 1,000 Vehicles Annually
KG Mobility (KGM) announced on August 18 that it is officially launching its brand in the Myanmar market in collaboration with the Super Seven Stars (SSS) Group.The official launch event, held on August 14 in Yangon, Myanmar, was attended by KGM Chairman Kwak Jae-sun, President Kwak Jeong-hyun, SSS Group Chairman Mr. San Linn, and President Mr. Salman Linn, along with over 500 attendees including officials, journalists, and customers.During the event, KGM introduced its brand to the Myanmar mark
Bespin Global Named OpenAI Select Partner to Enhance AI Solutions
Bespin Global announced on August 18 that it has been selected as an OpenAI Select Partner within the OpenAI Partner Network.The OpenAI Partner Network is a global program that supports partners in building, selling, and providing AI solutions based on OpenAI's technology and products. It offers various technical resources, training, and support programs to partners with industry expertise and capabilities in AI development and operations, helping businesses effectively utilize OpenAI's latest A
Han Byeong-do: New Leadership Will Support Lee Government, Urges Passage of 9.7 Supply Bill
Han Byeong-do, the floor leader of the Democratic Party, stated on August 18 that the party aims to become a stronger and more capable organization under its new leadership. He emphasized the need to pass legislation supporting the government's 9.7 supply plan during the upcoming parliamentary session on August 20.During a legislative meeting held at the National Assembly, Han remarked, "Having created a heated party convention, it is now time to form a united team. The Democratic Party has been
KB Kookmin Bank Partners with Kim & Chang to Enhance Asset Succession Services
KB Kookmin Bank has partnered with Kim & Chang law firm to strengthen its comprehensive asset succession services, including inheritance and gift planning.On August 18, KB Kookmin Bank announced that it has signed a memorandum of understanding (MOU) with Kim & Chang for mutual cooperation in inheritance financial business.The agreement aims to address the growing and complex customer demands related to inheritance as asset sizes and forms diversify, and to enhance the asset succession services o
Call for Revision of Museum and Art Museum Promotion Law Amidst Misinterpretation of 'Scholarship'
Introduction The notion that 'art museums' and 'museums' share a common root is a well-established fact. The term 'museum' originates from the Greek 'Mouseion,' a sanctuary dedicated to the muses, where poetry, music, history, philosophy, and the visual arts coexisted in an integrated space. The concept of a museum itself emerged without separating scholarship from art. Historically, the Louvre, the British Museum, and the Uffizi, which established the modern museum system, all began with collec
Kim Seung-soo: Lee's Failure to Secure Democratic Party Leadership Marks 'Twilight of Power'
Kim Seung-soo, the Deputy Floor Leader of the People Power Party, warned on August 18 that "the president is facing the twilight of power just one year into his term," urging an end to what he described as judicial destruction and attempts to evade legal accountability.During a meeting of the party's floor leadership at the National Assembly, Kim stated, "President Lee Jae-myung has failed in his operation to seize control of the Democratic Party."He noted, "Despite President Lee's overt interfe
Polysilicon Prices Surge in China Despite U.S. Import Restrictions
Despite the United States tightening import regulations on polysilicon and related products, prices for polysilicon in China have surged.According to Shanghai Metals Market (SMM) on August 17, the price of N-type recovery polysilicon rose by 0.95 yuan to 40.4 yuan per kilogram, while N-type dense polysilicon increased by 1 yuan to 40 yuan.On August 14, polysilicon prices jumped by 23.8%, recovering to around 39,000 yuan per ton, which has led to a price increase across the entire solar value cha
Kia EV5 Outperforms Tesla Model Y in German Electric SUV Comparison
Kia announced that its electric SUV, the EV5, has secured the top spot in a comparison evaluation conducted by the German automotive publication Auto Motor und Sport, surpassing Tesla's bestselling Model Y, as well as the Chinese electric vehicles Xpeng G6 and MG S6 EV.Auto Motor und Sport, a trusted automotive media outlet in Germany, is known for its influence among European consumers, and its evaluations serve as a significant benchmark for vehicle purchases.This comparison is particularly no