What Makes Taxation Fair?
The government has grouped real estate-related reforms under the banner of 'tax reform for fair taxation.' The plan shifts the basis for the comprehensive real estate tax from property ownership to residency, sets tax rates based on property value instead of the number of homes owned, and raises the fair market value ratio from 60% to 80%. Once the reform is complete, an additional 2.1815 trillion won will be collected annually from the comprehensive real estate tax alone. Most of the actual tax
Heavy Rain Causes Landslide in Geoje, Resulting in One Death
During the Liberation Day holiday, a landslide in Geoje, South Gyeongsang Province, resulted in the death of a man in his 20s due to record heavy rainfall.According to the Geoje Fire Department and police, the landslide occurred around 4:40 a.m. near an apartment complex in Okpo-dong. Soil and debris cascaded down, burying residents in the lower floors of the building.Emergency responders rescued three residents from the buried apartment. One man in his 20s was found in cardiac arrest and was tr
Kim Si-woo Finishes Second at PGA Tour Playoff Opener; Im Sung-jae and Kim Joo-hyung Advance
Kim Si-woo finished second at the PGA Tour playoff opener, with Im Sung-jae and Kim Joo-hyung also successfully defending their rankings, allowing all three Korean players to advance to the second playoff round.On August 17, in the final round of the FedEx St. Jude Championship at TPC Southwind in Memphis, Tennessee, Kim Si-woo recorded two birdies without any bogeys, finishing with a score of 2-under 68.With a total score of 9-under 271, Kim placed solo second, finishing eight strokes behind Sc
Trump Orders Significant Reduction of US-South Korea Military Drills
President Donald Trump announced on August 16 that he has directed a significant reduction in the US-South Korea joint military exercises.According to reports from AP and Reuters, Trump stated on social media platform Truth Social, "It is too late to cancel the exercises, so I have instructed Secretary of Defense Hegges to significantly reduce the joint military training."Trump's comments come ahead of the upcoming joint military exercise, 'Ulchi Freedom Shield (UFS)', which is set to begin on A
Stray Kids Achieve Second Place All-Time on Billboard 200 with Ninth No. 1 Album
그룹 스트레이 키즈가 미국 빌보드 메인 앨범 차트 ‘빌보드 200’에서 9연속 1위 진입 기록을 세웠다.미국 빌보드가 16일 현지시간 발표한 예고 기사에 따르면 스트레이 키즈(Stray Kids)는 지난 7일 발매한 새 미니 앨범 ‘디스 앤 댓(THIS & THAT)’으로 8월 22일 자 ‘빌보드 200(Billboard 200)’ 1위에 올랐다.‘빌보드 200’은 실물 음반과 디지털 앨범 판매량, 스트리밍 횟수를 앨범 판매량으로 환산한 수치, 디지털 음원 다운로드 횟수를 앨범 판매량으로 환산한 수치를 합산한 앨
LG Uplus Expands Partnership with Toss Mobile for Affordable Phone Plans
LG Uplus is expanding its partnership with Toss Mobile to enhance promotional plans on its budget phone platform, Al-Dot, by integrating the Face Pay payment service. This initiative is gaining traction among customers in their 20s and 30s.On August 17, LG Uplus announced the expansion of its promotional plans in collaboration with Toss Mobile, linking them to everyday customer experiences.Toss Mobile, which operates on the LG Uplus network, introduced five new budget phone plans featuring Face
LG and NVIDIA Deepen Physical AI Alliance as Jensen Huang's Daughter Visits LG Robotics Hub
LG and NVIDIA's collaboration on physical AI is rapidly moving from executive agreements to the robotics development field. Madison Huang, NVIDIA's Senior Director of Physical AI, is set to visit LG Electronics' robotics data factory, signaling a concrete step in the companies' humanoid collaboration.According to industry sources, Madison Huang will visit LG's data factory, currently under construction at the Yangjae R&D campus in Seocho-gu, Seoul, on August 18. She plans to hold confidential di
KB Financial Group Integrates Natural Capital into Decision-Making with New Report
KB Financial Group is enhancing its natural capital management system to incorporate risks and opportunities arising from environmental changes into its decision-making processes. On August 17, KB Financial announced the release of its "2025 KB Financial Group Natural Capital Disclosure Report - Connecting Nature and Finance," which analyzes the interaction between the natural environment and finance, detailing related risks and opportunities. The report is based on recommendations from the T
Lotte Launches 'LIFT' Program to Guide Youth Employment in Retail and Hospitality
Lotte is set to provide practical training for over 200 young people preparing for jobs in the retail, hotel, and service sectors. The program will focus on imparting know-how from the field, including the use of generative artificial intelligence (AI), resume writing, and interview skills over a 12-week period. Starting on the 18th, Lotte will launch its Youth Job Academy 'LIFT' (Lifetime Inspiration For Tomorrow), as part of the K-New Deal Academy initiative led by the Ministry of Employment a
Samsung Partners with Activision Blizzard for New Call of Duty Game
Samsung Electronics has engaged in the development of the new installment of the popular FPS game 'Call of Duty' from its early stages, optimizing its display technology for gaming. This collaboration marks a shift from a hardware-centric gaming business to one that integrates content development.On August 17, Samsung announced its official partnership with global game developer Activision Blizzard for 'Call of Duty: Modern Warfare 4.' The two companies have worked together since the game's init