Broadcasting Commission Cancels Fact-Check Project Sanctions, Apologizes to Party
The Broadcasting and Media Commission has partially canceled sanctions related to a fact-checking project and apologized to the social cooperative Party. This decision comes after determining that there was no evidence of misuse of labor costs, despite previous penalties 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 project.Previo
Korea Hydro & Nuclear Power Reports 3 Trillion Won Operating Profit Amid Industry Losses
Korea Hydro & Nuclear Power (KHNP) and the five major power companies reported mixed results for the first half of the year. KHNP saw its operating profit increase by nearly 30% despite a decline in revenue, while the five power companies collectively faced an operating loss exceeding 180 billion won.According to the Financial Supervisory Service's electronic disclosure system (DART), KHNP's consolidated operating profit for the first half of this year reached 3.0897 trillion won, a 28.8% increa
Hyundai Motor Group Chairman Chung Euisun Earns 4.5 Billion Won in First Half of 2026
Chung Euisun, chairman of Hyundai Motor Group, received a total of 4.5 billion won in compensation from Hyundai, Kia, and Hyundai Mobis in the first half of 2026.According to the Financial Supervisory Service's electronic disclosure system on August 14, Chung earned 2.25 billion won from Hyundai, 1.35 billion won from Kia, and 900 million won from Hyundai Mobis. The total compensation remains the same as last year.Chung has been receiving salaries from Hyundai Mobis and Hyundai among the group’s
Samyang Foods Surpasses 600 Billion Won in Overseas Sales for the First Time
Samyang Foods has achieved a significant milestone, surpassing 600 billion won in overseas sales for the first time in a quarter, driven by the growth of its Buldak Bokkeumyeon brand. The company also maintained an operating profit margin above 20% for six consecutive quarters, balancing growth and profitability.In its Q2 earnings report released on August 14, Samyang Foods announced a consolidated operating profit of 176.2 billion won, a 46.7% increase compared to the same period last year. Rev
Kolon Reports 129.4% Increase in Q2 Operating Profit to 99.8 Billion Won
Kolon announced on August 14 that it recorded sales of 1.7 trillion won, an operating profit of 99.8 billion won, and a net profit of 55.4 billion won for the second quarter of 2026. Compared to the same period last year, sales increased by 13.5%, while operating profit surged by 129.4%.Kolon Industries, a subsidiary applying the equity method, saw growth in both sales and operating profit year-on-year, driven by expanded sales of key industrial materials such as airbags, tire cords, and aramid,
HD Hyundai, TerraPower, and Hyundai Engineering Aim to Dominate U.S. SMR Market
HD Hyundai is intensifying efforts to capture the U.S. small modular reactor (SMR) market in collaboration with TerraPower and Hyundai Engineering.On August 14, HD Hyundai announced that Chairman Chung Ki-sun met with TerraPower founder and chairman Bill Gates, CEO Chris Levesque, and Hyundai Engineering CEO Lee Han-woo in Seoul.This meeting marked the first gathering of the top executives since the three companies signed a tripartite memorandum of understanding (MOU) in May to collaborate on ne
Korea's Export-Import Bank President Meets Bill Gates to Discuss SMR Financing
Hwang Gi-yeon, president of the Korea Export-Import Bank, met with Bill Gates, chairman of the Gates Foundation, to discuss financial cooperation for the commercialization of small modular reactors (SMR).On August 14, Hwang and Gates discussed financial support for global nuclear power projects being pursued by TerraPower and Korean companies. Gates is also the founder of TerraPower.The Export-Import Bank plans to provide tailored financial packages that combine loans and guarantees for future n
Government Investigates Safety Violations in Seosomun Overpass Collapse
Following the Seosomun overpass collapse in Seoul that resulted in six casualties in May, the government has confirmed safety management violations and referred the case to the Seoul Metropolitan Police Agency for investigation involving the city of Seoul, Korail, and the construction and supervision companies.On August 14, the Ministry of Land, Infrastructure and Transport announced that it had requested an investigation into charges of negligent homicide and obstruction of business against the
Toss Reports Record Q2 Profit of 231.8 Billion Won Driven by Super App Effect
Viva Republica, the operator of Toss, achieved its highest quarterly performance to date in the second quarter of this year, driven by increased revenue and improved profitability.On August 14, Toss announced that its consolidated net profit for the second quarter reached 231.8 billion won, a 308% increase compared to the same period last year.Operating profit was 209 billion won, up 149.7% from 83.7 billion won in the same quarter last year.For the first half of the year, the net profit stood a
Kyobo Life Reports 21% Increase in First-Half Net Profit to 704.8 Billion Won
Kyobo Life's consolidated net profit for the first half of the year increased, thanks to the performance of subsidiaries like SBI Savings Bank. While the net profit from the insurance segment declined, new contracts, particularly in health insurance, contributed to growth in the contract service margin (CSM), a key indicator of future profitability.On August 14, Kyobo Life announced that its consolidated net profit for the first half of the year reached 704.8 billion won, a 21.0% increase compar