President Yoon Suk Yeol reaffirmed his commitment to a constitutional reform plan that includes decentralizing presidential powers and introducing a four-year term limit or re-election. He stated that discussions on constitutional reform should be led by the National Assembly based on bipartisan agreement, and he is open to shortening his term if necessary to facilitate this process.On August 14, President Yoon posted on X (formerly Twitter), stating, "The majority of the public agrees that our

Hyundai Motor Group is collaborating with the Army to apply robotics and physical artificial intelligence (AI) technology in defense operations. The initiative aims to enhance the efficiency of military support tasks by integrating advanced technology into dangerous and repetitive duties traditionally performed by soldiers.On August 14, Hyundai Motor Group announced that it signed a memorandum of understanding (MOU) with the Army and the Ministry of Trade, Industry and Energy at the Army Headqua

The Korea Technology Guarantee Fund announced that it signed a financial support agreement for the 'ABC+E Future Growth Engine' with Incheon City and Hana Bank on August 14 at Incheon City Hall in Namdong-gu.The agreement aims to enhance financial accessibility for technology companies in Incheon’s future strategic industries and to bolster the competitiveness of local industries. The term 'ABC+E' refers to artificial intelligence (AI), biotechnology, content, and energy, which are key future st

Global cryptocurrency exchange Binance has launched perpetual futures on August 14, allowing investments with up to 20x leverage on stocks including Naver, LG Electronics, Samsung Electro-Mechanics, and Hanmi Semiconductor. However, accounts verified under Korean names are blocked from accessing these products.According to the cryptocurrency industry, Binance began trading perpetual futures that track domestic stocks such as Naver, LG Electronics, Samsung Electro-Mechanics, Hanmi Semiconductor,

The 'Everyone's Startup' initiative, a government-led project directed by President Lee Jae-myung, is set to resume operations. The government plans to double the number of participants in the second phase to 10,000 and significantly enhance platform security and personal data management systems to prevent a recurrence of the data breach that occurred during the first phase.On August 13, the Ministry of SMEs and Startups announced the 'Second Phase of the Everyone's Startup Project' during an em

SK Innovation and TerraPower have signed a key agreement to explore the global expansion and domestic application of TerraPower's next-generation sodium-cooled small modular reactor (SMR) 'Natrium.'On August 14, SK Innovation announced that CEO Choo Hyung-wook and TerraPower CEO Chris Levesque met in Seoul to finalize the agreement on sodium SMR collaboration and the global market entry of the next-generation SMR.The agreement includes plans for: expanding SK Innovation's participation in the SM

Shin Sang-jin, the mayor of Seongnam, urged the government on August 14 to lift restrictions on redevelopment units, stating that "the fast track for housing supply in the metropolitan area is Bundang redevelopment." In a post on his Facebook page, Mayor Shin noted, "The government announced measures for an additional supply of 230,000 units in the metropolitan area along with early construction of public land and financial and tax support for the swift promotion of private redevelopment and

Shin Sang-jin, the mayor of Seongnam, urged the government on August 14 to lift restrictions on redevelopment units, stating that "the fast track for housing supply in the metropolitan area is Bundang redevelopment." In a post on his Facebook page, Mayor Shin noted, "The government announced measures for an additional supply of 230,000 units in the metropolitan area along with early construction of public land and financial and tax support for the swift promotion of private redevelopment and

The Broadcasting and Media Commission has partially revoked sanctions related to a fact-checking project and apologized to the social cooperative Party. This decision came after it was determined that there was no evidence of misuse of labor costs, despite previous penalties being imposed.On August 14, the Broadcasting and Media Commission visited Party to express its apologies for the difficulties encountered during the audit and administrative sanction process related to the fact-checking proj