Korea's Housing Minister Secures Over 100,000 New Homes in Seoul and Surrounding Areas
Korea's Minister of Land, Infrastructure and Transport Kim Yoon-deok announced plans to mobilize both public and private supply capabilities to stabilize the housing market. The government aims to secure over 100,000 new public housing units while accelerating the construction timelines for existing public sites and redevelopment projects, targeting an additional supply of more than 230,000 homes in the metropolitan area.During a briefing on August 13 regarding measures for stabilizing the renta
PharmaResearch Expands 'Rejuran' Clinical Training in Australia, Accelerating K-Aesthetic Global Strategy
PharmaResearch is intensifying its efforts to penetrate the Australian market by providing focused clinical training on its flagship product, 'Rejuran,' to local medical professionals. The company announced on August 13 that it participated in the 'Aesthetics 2026' international symposium held in Sydney, Australia, where it conducted academic lectures and a 'Rejuran Clinical Masterclass' program centered on Rejuran. Aesthetics 2026 is an event where dermatologists, plastic surgeons, and a
Department Stores Launch Pre-Orders for Chuseok Gift Sets Starting August 14
Lotte, Shinsegae, and Hyundai department stores will begin pre-orders for Chuseok gift sets on August 14. The three retailers will also offer pre-orders through their online platforms, enhancing online-exclusive benefits such as gift options and discount coupons. According to industry sources on August 13, Lotte Department Store will offer over 190 items, including meat, seafood, vegetables, and groceries, at discounts of up to 50% from August 14 to September 3. The quantity of popular items has
Hanmi Pharmaceutical Enhances Quality Control at Paltan Smart Plant, Reducing Drug Shortages by 57%
Hanmi Pharmaceutical's Paltan smart plant, a production base for synthetic drugs, has improved supply stability and quality control metrics in the first half of this year, enhancing its manufacturing competitiveness.Hanmi Science, the core business unit of Hanmi Pharmaceutical, reported on August 13 that the number of its products experiencing shortages lasting more than five days decreased by approximately 57% compared to the same period last year. The number of shortages for contract-manufactu
Ruling Coalition Urges Support for Homeplus Recovery, Calls for Accountability
On August 13, members of the ruling coalition, including the Democratic Party, visited the recently reopened Homeplus store, urging support for its recovery and calling for accountability for those responsible.Han Byeong-do, the acting leader of the Democratic Party and floor leader, along with Shin Jang-sik, leader of the Justice Innovation Party, and Kim Jong-hoon, leader of the Progressive Party, held a press conference at the Homeplus store in Gangseo, Seoul. During the event, Han stated, "T
Public Institutions' Relocation: A Competitive Landscape
As the government prepares to announce its second phase of public institution relocations, local governments are intensifying their competition to attract these entities. Up to 350 public institutions, including those remaining in the metropolitan area and government-funded organizations, are being considered for relocation. These institutions can serve as catalysts for increased consumption, tax revenue, and the attraction of related industries.Busan is targeting financial and maritime institut
Public Home Shopping CEO Participates in Youth Gambling Prevention Campaign
Public Home Shopping announced that CEO Lee Il-yong participated in the "Youth Gambling Prevention Relay Campaign" organized by the Seoul Metropolitan Police Agency on August 13.The campaign aims to raise awareness about the dangers of illegal online and mobile gambling among youth and to promote a culture of crime prevention. It is a public interest initiative led by the Seoul police.Participants post certification photos conveying the message against illegal gambling and nominate the next part
MINI Korea Launches All-Electric MINI Countryman with 381 km Range
MINI Korea announced the launch of the all-electric SUV, the 'All-Electric MINI Countryman,' designed to enhance driving range and overall appeal.The newly released electric MINI Countryman features an optimized battery management system, software enhancements, and a new inverter. As a result of improved energy efficiency, the driving range on a single charge has increased. The combined energy consumption of the Countryman E has risen from 4.8 km/kWh to 5.3 km/kWh, extending the driving range fr
Apple in Talks with Media Outlets to License Content for Siri AI News Feature
Apple is in discussions with media outlets to license content for its AI-based voice assistant, Siri AI, in an effort to enhance access to news and information, the Wall Street Journal reported on August 12, citing sources. The company is reportedly considering a budget in the hundreds of millions of dollars and a payment model that compensates media outlets each time their content is used.According to the report, Apple has been negotiating contracts with media companies over the past few months
Ford Shifts Some Lincoln Production from China to the U.S. in Response to Tariffs and Regulations
Ford Motor Company plans to shift some production of its luxury brand Lincoln from China to the United States. This move is a response to tariffs imposed by the Trump administration and regulations targeting Chinese software and components in connected vehicles, aimed at expanding domestic production.Ford CEO Jim Farley stated in a joint interview with U.S. Secretary of Commerce Gina Raimondo on August 12 that the decision was made as soon as the Trump administration's policies were established.