LG to Develop Skeleton and Ice Hockey Talent Through 2030
LG is committed to nurturing sustainable athletes in skeleton and ice hockey, extending its sponsorship of the national teams through 2030.On August 13, LG announced the launch of its skeleton talent development program, "LG Future Slide," and the ice hockey support initiative, "LG Hockey Dreams." These programs aim to expand the athlete base, enhance core competitiveness, and increase public interest beyond mere financial sponsorship.The skeleton support system, developed in collaboration with
LG Electronics Hosts First Standalone Home Lifestyle Fair
LG Electronics is expanding its home lifestyle community, Lifezip, from online to offline. With over 1.1 million members, Lifezip is hosting its first standalone Home Lifestyle Fair, aiming to enhance brand experiences beyond just selling appliances.From August 13, LG Electronics will hold the '2026 House Archive: Home Digging Fair' at COEX in Samseong-dong, Seoul. This marks the first standalone home lifestyle exhibition organized by Lifezip.The exhibition spans 670 pyeong and features five the
Korean cosmetics firm Kolmar sets record high stock price amid strong Q2 results
Korean cosmetics manufacturer Kolmar has reached an all-time high stock price during trading, buoyed by its record performance in the second quarter of this year. The company's growth in the domestic cosmetics original design manufacturing (ODM) sector, along with increased orders from scale-up brands and rising overseas demand, has led to a significant improvement in its financial results, prompting analysts to raise their target prices.As of 9:32 a.m. on the Korea Exchange, Kolmar's stock was
Dream of Saving Friends from a Lake Leads to Lottery Win
"I recently dreamed of a large lake and saving friends who fell into it."Interest is growing in the winning numbers for the 1235th Donghaeng Lottery, as a story has emerged about a winner of the 324th Pension Lottery 720+, who won first prize (1 ticket) and second prize (4 tickets).In a post on the Donghaeng Lottery winners' board dated July 21, the winner of the 324th Pension Lottery 720+ shared, "I recently dreamed of a large lake and saving friends who fell into it. In the past, I often had g
Government to Lift Regulations and Boost Investment in Semiconductor and Bio Sectors
The South Korean government is set to eliminate regulations in advanced industries, including semiconductors, secondary batteries, and biotechnology, to support corporate investment. This initiative aims to address business challenges and accelerate the implementation of three major mega-projects. The government anticipates that support for the Yongin semiconductor cluster will generate an investment effect of approximately 4.2 trillion won.On August 13, Deputy Prime Minister and Minister of Eco
Tencent Invests Over $8 Billion in AI Amid Cash Flow Challenges
As competition in artificial intelligence (AI) intensifies in China, tech giant Tencent has ramped up its AI investments, pouring over 11 trillion won (approximately $8 billion) into capital expenditures in the second quarter. The company has integrated AI into its existing businesses, including advertising and gaming, contributing to revenue growth.Tencent announced on August 13 that its capital expenditures for the second quarter surged by about 179% year-on-year to 52.784 billion yuan (around
Hana Bank Offers Free Insurance for Young Renters Against Fraud
Hana Bank is launching an insurance policy that protects young renters from fraud, covering losses up to 300 million won. The bank announced on August 13 that it will provide the 'Youth Rent Contract Assurance Insurance' free of charge to its young customers, developed in collaboration with Hana Insurance. Eligible participants include individuals aged 19 to 34 who apply for Jeonse loans at Hana Bank and meet Hana Insurance's underwriting criteria. Hana Bank will cover the entire insurance pre
SM Vexcel Battery Division Achieves Six Consecutive Years of Dispute-Free Labor Agreement
SM Vexcel, a manufacturing subsidiary of SM Group, has successfully concluded its wage and collective bargaining agreement without disputes for six consecutive years, from 2021 to 2026.The company announced on August 13 that the signing ceremony for the 2026 labor agreement took place on August 12 at its headquarters in Gumi, North Gyeongsang Province. Key representatives from both labor and management, including CEO Choi Se-hwan and union chairman Ahn Hyo-yong, attended the event, reaffirming t
Nexon's 'Crazy Arcade' Ends Service After 25 Years
Nexon's online game 'Crazy Arcade' has ended its service after 25 years.According to Nexon, 'Crazy Arcade' ceased operations at 9 a.m. on August 13. The game had been in service since its launch in 2001.'Crazy Arcade' is a competitive game where players use water balloons to trap opponents in bubbles. Its simple controls and cute characters attracted users from the start.In 2002, the game recorded a peak of 350,000 concurrent users. Even years after its release, it maintained over 100,000 concur
SM Bexel Battery Division Achieves Six Consecutive Years of Dispute-Free Labor Agreement
SM Bexel, a manufacturing subsidiary of SM Group, has successfully concluded its wage and collective bargaining agreement (CBA) without disputes for six consecutive years, from 2021 to 2026.The company announced on August 13 that the signing ceremony for the 2026 CBA took place on August 12 at its headquarters in Gumi, North Gyeongsang Province. Key representatives from both labor and management, including CEO Choi Se-hwan and labor union chairman Ahn Hyo-yong, attended the event, committing to