SK Chemicals Reports 2nd Quarter Operating Profit of 31.9 Billion Won, Up 26.8% Year-on-Year
SK Chemicals announced on August 13 that it recorded a second-quarter revenue of 479.1 billion won and an operating profit of 31.9 billion won, according to its separate financial statements.The revenue represents a 24.8% increase compared to the same period last year, marking the highest quarterly sales since the company was split into a business entity following the launch of SK Discovery in 2017. Operating profit also rose by 26.8% from the second quarter of last year, driven by stable demand
TWICE's Chaeyoung Announces Departure from JYP Entertainment
Chaeyoung of the group TWICE has announced her departure from JYP Entertainment to embark on a new journey. On August 13, Chaeyoung shared on her social media that she wanted to inform her fans, known as ONCE, first about her decision. She stated, "I plan to create music in my own 'LIL FANTASY' world." She expressed gratitude to the JYP staff and her TWICE team for their support over the past 14 years, saying, "I want to thank the people at JYP who have supported and believed in the mischievous
Daewoo Engineering Selected as Preferred Negotiator for Papua New Guinea LNG Plant
Daewoo Engineering has been selected as the preferred negotiator for the core plant project of the Papua New Guinea LNG project. This marks the company's acquisition of the main EPC contractor status nearly four years after securing the basic design contract in 2022.On August 13, Daewoo Engineering announced that it was chosen as the EPC preferred negotiator for the 'Papua CPF and Wellpads EPSCC' project by TotalEnergies, the main project owner of the Papua New Guinea LNG project.Daewoo Engineer
GKL Recognized for Environmental Efforts with Seoul Mayor's Award at 2026 ESG Awards
Grand Korea Leisure (GKL), a quasi-public corporation operating the foreigner-only casino Seven Luck, is actively pursuing environmental, social, and governance (ESG) management. The company has been recognized for its eco-friendly initiatives and is consistently engaged in community service activities for marginalized groups.On August 13, GKL announced that it received the 'Seoul Mayor's Award' in the environmental category at the 21st '2026 Korea ESG Awards' ceremony held at the Korea Press Ce
South Korea Eases Housing Regulations to Boost Non-Apartment Construction
The South Korean government is easing building regulations to allow for larger and taller non-apartment housing, including multi-family and multi-unit dwellings, while expanding construction financing support.On August 13, the Ministry of Land, Infrastructure and Transport announced a plan for rapid housing supply aimed at stabilizing the rental and sales markets. The government will relax regulations on building area and height for multi-family and multi-unit housing, while also addressing sunl
Bank of Korea Invests in Gold for First Time in 13 Years, Acquires 350 Billion Won in Gold ETFs
The Bank of Korea announced it holds 350 billion won worth of gold exchange-traded funds (ETFs) as of the second quarter of this year.On August 12, the bank disclosed through a filing with the U.S. Securities and Exchange Commission (SEC) that it owns 679,765 shares of the gold ETF 'SPDR GOLD TR' listed on the local stock market.As of the end of the second quarter, the valuation stood at $250.41 million (approximately 355 billion won). While the specific timing of the purchases was not mentioned
Why Colombia Accepts U.S. Aid but Not China's After Earthquake
Colombia, which suffered damage from a 7.4 magnitude earthquake, has remained silent on China's offer for disaster recovery assistance while accepting rescue teams from right-leaning countries such as the United States, Israel, Ecuador, and El Salvador. This has drawn attention to the diplomatic context, as the new Colombian government appears to be moving away from the pro-China policies of former President Gustavo Petro and is seeking to strengthen ties with the U.S.According to the South Chin
KOSPI Rises Over 3% as Foreign Investors Buy 2.1 Trillion Won Amid Strong Semiconductor Stocks
The KOSPI and KOSDAQ both closed higher for the fourth consecutive trading day. The KOSPI rose more than 3% as foreign and institutional investors bought shares, particularly in major semiconductor stocks like Samsung Electronics and SK Hynix. The KOSDAQ also ended on a positive note, recovering above the 860 mark.According to the Korea Exchange, the KOSPI closed at 6,813.34, up 234.30 points (3.56%) from the previous trading day. The index opened at 6,773.92, up 194.88 points (2.96%), and expan
Samsung C&T Unveils 'A Part of ' Exhibit at Raemian Gallery
Samsung C&T's construction division is showcasing its second season exhibition, 'A Part of ,' at the Raemian Gallery. This experiential exhibit reinterprets the home as a stage for personal taste and emotion.The exhibition will run until November 8 at the Raemian Gallery in Munjeong-dong, Songpa-gu, Seoul, Samsung C&T announced on August 13.This season's theme is 'My Hidden Space at Home,' designed for visitors to explore their own lifestyles while experiencing the values promoted by the Rae
SK Ecoplant Establishes AI Data Center Division to Strengthen AI Infrastructure Business
SK Ecoplant has established a new AI Data Center division to accelerate its expansion in semiconductor and artificial intelligence infrastructure. This move aims to respond to the surging demand for AI data center construction and to enhance business competitiveness by integrating previously dispersed organizations and functions.On August 13, SK Ecoplant announced the creation of the AI Data Center division as part of a recent organizational restructuring.AI data centers require higher power den