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Reactions Split as Government Unveils 8.13 Real Estate Policy Reactions Split as Government Unveils 8.13 Real Estate Policy

On August 13, the government announced its supply-focused 8.13 real estate policy, eliciting mixed reactions from both ruling and opposition parties. The ruling Democratic Party expressed commitment to swift legislative action and policy support, while the People Power Party criticized the measures as ineffective and called for regulatory reforms.Han Byeong-do, acting leader of the Democratic Party and floor leader, stated during a policy coordination meeting at the National Assembly, "We will c

Ulsan Housing Prices Rise as City Plans to Supply 6,671 Public Housing Units by 2030 Ulsan Housing Prices Rise as City Plans to Supply 6,671 Public Housing Units by 2030

Ulsan's apartment sales prices and rental prices have both increased, prompting the city to implement housing stability measures that include expanding public housing supply and supporting private housing projects.With a recent decline in new housing supply, demand has concentrated in preferred residential areas such as Nam-gu, Jung-gu, and Buk-gu, leading to continued price increases. The city plans to address short-term supply gaps while alleviating housing market instability through an increa

LG Reports 90% Surge in Q2 Operating Profit to 533 Billion Won LG Reports 90% Surge in Q2 Operating Profit to 533 Billion Won

㈜LG reported a significant recovery in its second-quarter performance, with operating profit soaring over 90% compared to the same period last year. The company also achieved double-digit growth in sales, indicating both revenue expansion and improved profitability. In a disclosure on August 13, ㈜LG announced consolidated sales of 2.14 trillion won and an operating profit of 533 billion won for the second quarter. This marks a 19% increase in sales and a 92.5% rise in operating profit compared

Ruling Party Acknowledges Concerns Over Tax Reform Proposal Ruling Party Acknowledges Concerns Over Tax Reform Proposal

The Democratic Party of Korea stated on August 13 that "some lawmakers have expressed the need for revisions to the government's tax reform proposal." While there are differing opinions, the party plans to address these concerns and continue discussions to reach a consensus. However, they believe more time is needed regarding the recently announced real estate supply measures.Lee Joo-hee, the party's floor spokesperson, spoke to reporters after a party meeting, saying, "The party is currently in

Oasis Market Reports 95% Surge in Q2 Operating Profit Amid Cost Reductions Oasis Market Reports 95% Surge in Q2 Operating Profit Amid Cost Reductions

Oasis Market nearly doubled its operating profit in the second quarter of this year, driven by an enhanced product portfolio and improved cost competitiveness.On August 13, Oasis Market reported that its operating profit for the second quarter reached 6.95 billion won, a 95.5% increase compared to the same period last year. The cumulative operating profit for the first half of the year also rose by 55.3% year-on-year, with an operating profit margin of 5.5%.The company explained that its focus o

G-Star Expands Beyond Gaming with AI and Webtoon Collaborations G-Star Expands Beyond Gaming with AI and Webtoon Collaborations

South Korea's largest game exhibition, G-Star, is set to broaden its scope this year, incorporating artificial intelligence (AI), film, and comics into a comprehensive content showcase. This expansion aims to attract a wider audience and strengthen its own planned content in response to a decline in participation from major domestic game companies.The Korea Game Industry Association and the G-Star Organizing Committee held a press conference on August 13 in Seoul to unveil key participating comp

Chinese Stock Market Declines Amid Profit-Taking; CRO Stocks Surge Chinese Stock Market Declines Amid Profit-Taking; CRO Stocks Surge

The Chinese stock market, which had risen the previous day, fell on August 13. After starting the morning session with gains, the market reversed course in the afternoon as profit-taking surged. The Shanghai Composite Index closed down 0.50% at 3,926.96, the Shenzhen Component Index fell 0.87% to 14,288.44, and the ChiNext Index dropped 0.45% to 3,586.04.Overnight, the U.S. Consumer Price Index (CPI) for July met market expectations. While the U.S. CPI showed an increase compared to the previous

Hanwha Life Insurance Implements Generative AI Solutions for Employees Hanwha Life Insurance Implements Generative AI Solutions for Employees

Hanwha Life Insurance is introducing generative artificial intelligence (AI) solutions for all employees as part of its initiative to innovate work processes.The company announced on August 13 that it will implement Microsoft's generative AI solution, M365 Copilot, for its 2,728 employees. This move follows improvements in regulatory measures regarding network separation, which have expanded the scope for financial companies to utilize generative AI.Since May, Hanwha Life has conducted a two-mon

KakaoBank to Strike Again on August 14, Demanding Improved Compensation KakaoBank to Strike Again on August 14, Demanding Improved Compensation

인터넷전문은행 카카오뱅크 노동조합이 성과 보상 개선 등을 요구하며 오는 14일 하루 동안 전면 파업에 나선다. 지난달 31일 첫 전일 파업 이후 약 보름 만이다.13일 전국화학섬유식품산업노동조합 카카오지회에 따르면 카카오뱅크 노조는 전날 준법투쟁에 돌입한 데 이어 14일 전일 파업을 진행한다.카카오뱅크 노조는 지난달 31일 인터넷전문은행 가운데 처음으로 전일 파업을 벌였다. 이후에도 임금 및 성과 보상을 둘러싼 노사 간 입장 차가 좁혀지지 않으면서 추가 파업에 나선 것이다.노조는 지난 12일부터 연장·야간·휴일근무 등

Kim Se-hee Denies Spreading False Information About YouTuber Tzuyang Kim Se-hee Denies Spreading False Information About YouTuber Tzuyang

Kim Se-hee, the head of the Garoseyro Research Institute, has categorically denied allegations of spreading false information about popular YouTuber Tzuyang (real name Park Jeong-won) during his first court appearance. He is also facing a defamation case involving actor Kim Soo-hyun.On August 13, Judge Jeong Ah-young of the Seoul Central District Court presided over the hearing concerning Kim's alleged violations of the Information and Communications Network Act, the Stalking Punishment Act, and