The Chinese stock market, which had declined the previous day, saw a slight increase today. Analysts suggest that investors are adopting a wait-and-see approach ahead of corporate earnings announcements. The Shanghai Composite Index closed up 0.01% at 3,927.18, the Shenzhen Component Index rose 0.45% to 14,354.31, and the ChiNext Index gained 1.12% to finish at 3,626.30.Reports indicated that the valuation of Chinese technology stocks has risen significantly compared to their U.S. counterparts,

Prime Minister Han Seung-soo emphasized on August 14 that housing supply is her top priority, pledging to personally inspect construction sites weekly to monitor progress. She announced the activation of a rapid supply inspection team within the Prime Minister's Office and plans for regular government-wide meetings to accelerate housing supply.During the first government-wide rapid housing supply inspection meeting held at the Government Seoul Complex, Han stated, "We must execute this plan swif

Cho Jung-sik, Speaker of the National Assembly, met with Bill Gates, Chairman of the Gates Foundation, on August 14 to discuss strengthening partnerships with global health organizations, including the Gates Foundation. He emphasized that global health will be a key agenda in parliamentary diplomacy.The two leaders held a closed-door meeting for about 35 minutes at the National Assembly. During the meeting, Cho stated, "I understand that the Gates Foundation has been making significant efforts t

Paris Baguette will increase prices on some products due to rising ingredient and operational costs. This marks the first price adjustment in 18 months since February 2025.Starting on August 25, Paris Baguette will gradually raise prices on select bread, cakes, and desserts, the company announced on August 14.The price increase will affect 86 types of bread and 41 types of cakes and desserts, with an average increase of 5.0%. For example, the recommended retail price of Sangmi Whole Wheat Bread

Kim Yoon-deok, the Minister of Land, Infrastructure and Transport, expressed regret over the recent rise in housing prices and rental costs in the metropolitan area, emphasizing the need to expedite housing supply measures. He announced plans to reveal the locations for 73,000 new public housing units as early as October and intends to meet with Seoul Mayor Oh Se-hoon soon to address differences regarding the release of greenbelt land and development in Yongsan.Additionally, a reform plan for th

Frieze Seoul will take place next year at the Dongdaemun Design Plaza (DDP). This decision was announced on the 14th, citing the renovation plans for COEX.Designed by Zaha Hadid and opened in 2014, DDP is one of Korea's leading cultural spaces and a major landmark in Seoul. The Frieze Seoul event at DDP will feature a carefully curated layout that enhances the visibility of each gallery and presentation.Additionally, various programs associated with Frieze Seoul will extend throughout the city.

T-Plus, the budget mobile brand of Korea Cable Telecom (KCT), a subsidiary of Taekwang Group, announced on August 14 that it has launched a multilingual service on its website for foreign customers.The service provides menu descriptions, banner texts, and activation procedures in over 10 languages, including English, Japanese, Chinese, and Vietnamese. Users can access the service by clicking a flag-shaped button on the website.This allows foreign customers to check service information, including

Daishin Securities is rapidly improving its performance and strengthening its capital as it accelerates its leap toward becoming a major investment bank (IB). The company reported that its net profit for the first half of this year more than doubled compared to the same period last year, reaching 403.3 billion won, while its equity capital expanded to the mid-4 trillion won range. With a goal of entering the major IB sector by 2028, the growth strategy of Vice Chairman Yang Hong-seok, the third-

Clean Country announced on August 14 that its operating profit for the second quarter reached 620 million won, marking a turnaround from a loss during the same period last year. Revenue for the quarter was 136.31 billion won, a 10.3% increase compared to the previous year.Profitability indicators also showed improvement. The gross profit for the second quarter was 22.26 billion won, up 45.0% from a year earlier, while the gross profit margin rose from 12.4% to 16.3%, an increase of 3.9 percentag