Korea Paper Reports 131.9% Increase in Q2 Operating Profit
Korea Paper announced on August 14 that its operating profit for the second quarter reached 4.7 billion won, a 131.9% increase compared to the same period last year. During the same timeframe, sales rose by 14.8% to 220.4 billion won.For the first half of the year, cumulative sales totaled 419.3 billion won, with operating profit at 9.2 billion won, marking increases of 7.2% and 49.3%, respectively.The company attributed these results to a recovery in the printing paper sector and a return to pr
Taeyoung Construction Offers Up to 80% Discount for Desian Residents and Followers at Inje Speedium
Inje Speedium is launching a discount event for residents of Taeyoung Construction's 'Desian' and followers of its official Instagram account.On August 14, Inje Speedium announced a gratitude event for Desian residents and Instagram followers. Accommodation vouchers will be available for purchase from August 17 to 31, with stays permitted from September 1 to November 30.This event allows guests to enjoy up to 80% off the regular prices for midweek stays at Inje Speedium hotels and condos during
SC First Bank Reports Record Q2 Net Profit of 319.6 Billion Won
SC First Bank has reported its highest-ever net profit for the second quarter, driven by increased non-interest income amid a strong stock market. The bank announced on August 14 that its net profit for the second quarter reached 319.6 billion won, a 230.51% increase compared to the same period last year. This surge is attributed to the rise in non-interest income due to favorable market conditions and the reversal of a portion of the provision related to penalties for Hong Kong H-index linke
Youth Housing Crisis: From Abandoned Buses to Goshiwon Bathtubs
The housing market is challenging, and government policies are no exception.A proposal by Democratic Party lawmaker Hwang Hee to use abandoned buses as temporary housing for young people sparked controversy. Just days later, the government announced plans to lift the ban on installing bathtubs in goshiwon rooms. This announcement came the day after President Lee Jae-myung called for revisions to minimum housing standards and improvements to non-residential living spaces like goshiwon. The follow
Gwangju Youth Expand Global Perspectives Through International Visits
Model youth from Gwangju, South Korea, have broadened their global perspectives by visiting independence movement sites and industrial and educational locations in China and the United States.The Gwangju Integrated Special City announced on August 14 that 14 local model youth participated in the '2026 Model Youth Overseas Study Program' at the invitation of overseas associations of Honam expatriates.This overseas study aimed to provide future leaders with firsthand experiences of historical, cul
SK Group Chairman Chey Tae-won Receives 1.75 Billion Won in First Half of 2026
Chey Tae-won, chairman of SK Group, received a total of 1.75 billion won in compensation from the holding company SK during the first half of this year.According to SK's semi-annual report released on August 14, Chairman Chey received a salary of 1.75 billion won for the first half of 2026, with no additional bonuses.This amount is the same as last year, when he received an annual compensation of 3.5 billion won.During the same period, SK President Jang Yong-ho received a total of 1.8 billion wo
Citibank Korea Reports Record Q2 Net Profit of 186.8 Billion Won
Citibank Korea achieved its highest-ever net profit for the second quarter, driven by increased non-interest income and reduced costs amid favorable capital market conditions.The bank reported a net profit of 186.8 billion won for the second quarter, an 86% increase compared to the same period last year. This marks the largest quarterly profit in its history. Cumulative net profit for the first half of the year reached 319.6 billion won, a 75% increase from the previous year, also setting a reco
Kim Hye-kyung Advocates for Natural Adoption of Hanbok in Daily Life
김혜경 여사는 14일 “한복의 유네스코 인류무형문화유산 등재 추진에도 계속 힘을 보태겠다”고 밝혔다. 김 여사는 이날 오전 서울 동대문디자인플라자(DDP)에서 열린 ‘2026 한복상점’ 행사장을 찾아 참가 업체와 전시 공간을 둘러보고 한복산업 종사자들을 격려하며 이같이 말했다. 안귀령 청와대 부대변인의 서면 브리핑에 따르면 올해 9회째를 맞은 한복상점에는 전국 150여개 한복 업체와 교육기관, 협력기관 등이 참가했다. ‘한복을 짓는 시장’을 주제로 120여년간 한복 제작과 유통의 중심
Lotte Insurance Reports 2nd Quarter Net Profit of 1.3 Billion Won Amid Capital Improvement
Lotte Insurance reported a significant decline in its net profit for the second quarter of this year, dropping 96.4% compared to the same period last year. However, the company's capital adequacy indicators showed some improvement due to an increase in basic capital and net assets.On August 14, Lotte Insurance announced that it recorded an operating profit of 3.1 billion won and a net profit of 1.3 billion won for the second quarter. These figures represent decreases of 93.6% and 96.4%, respecti
KOSPI Approaches 7000 Mark as Foreign Investors Buy 3 Trillion Won
The KOSPI index surged by over 2%, nearing the 7000 mark, driven by strong foreign buying. The KOSDAQ also showed volatility, briefly turning negative before closing slightly higher. Both indices have now recorded five consecutive days of gains.On August 14, the Korea Exchange reported that the KOSPI closed at 6977.94, up 164.60 points (2.42%) from the previous trading day. The index opened at 6995.67, up 182.33 points (2.68%).In the securities market, individual and institutional investors sold