South Korea to Boost Nuclear Power Exports with Safety Regulation Support
The South Korean government is set to enhance its approach to nuclear power exports by supporting not only construction and technology but also the establishment of safety regulation systems. The initiative aims to increase export competitiveness, particularly targeting countries like Vietnam and the Philippines that are pursuing new nuclear power projects.On August 13, the Ministry of Trade and the Nuclear Safety Commission announced the signing of a memorandum of understanding (MOU) at the Kor
KNSI Soars Nearly 100% on First Day of KOSDAQ Listing
KNSI, a company specializing in satellite communication antennas, has seen its stock price nearly double on its first day of trading on the KOSDAQ.As of 9:16 a.m. on August 13, KNSI's shares were trading at 21,950 won, up 10,950 won (99.55%) from the initial public offering price of 11,000 won. The stock opened at 19,000 won, which is 72.7% higher than the IPO price.Founded in 2001, KNSI develops and manufactures satellite communication antennas for maritime and military applications, including
Deputy Prime Minister Koo Yoon-cheol to Announce Youth Employment Recovery Plan
Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol announced plans to swiftly unveil a recovery strategy for youth employment in response to ongoing job market challenges. The government aims to implement tailored measures for the manufacturing and construction sectors while promoting corporate investment centered around three major mega projects to create quality jobs.On August 13, Koo convened a meeting at the Government Seoul Complex, which included the Emergency Economi
Celltrion's Three ADC Drug Candidates Receive FDA Fast Track Designation
Celltrion announced that all three of its antibody-drug conjugate (ADC) candidates have received Fast Track designation from the U.S. Food and Drug Administration (FDA). This designation allows the company to closely collaborate with the FDA on development and approval strategies, aiming to expedite global commercialization.The FDA's Fast Track program is designed to facilitate the development and review of drugs that treat serious conditions and fill unmet medical needs. With this designation,
People Power Party Plans Legal Action After Election Commission Rejects Appeals
The National Election Commission has rejected all appeals from the People Power Party regarding the invalidation of elections for seven regional heads, including Seoul. Jang Dong-hyuk, the party's leader, stated that the matter will ultimately require a special investigation, indicating plans for legal action.On August 13, the People Power Party reported that Jang expressed on his Facebook page the expectation that the Election Commission would dismiss the party's election appeals. He noted that
Special Prosecutor Charges Yoon Suk Yeol and Shin Won-sik for Justifying Martial Law
The second comprehensive special prosecutor team, led by Kwon Chang-young, has indicted former President Yoon Suk Yeol and former National Security Director Shin Won-sik for allegedly attempting to justify martial law on December 3. The prosecutor's office applied the charge of important duties related to insurrection to Shin, while determining that his level of involvement warranted a non-custodial indictment, differentiating his responsibility from that of his co-defendant, Kim Tae-hyo.On Augu
NOL Money by NOL Universe Celebrates One Year with 430,000 Subscribers
NOL Universe's prepaid payment service, NOL Money, has marked its first anniversary. The service, which offers payment benefits tailored for travel and leisure, has established itself as a key component in enhancing customer experience on the platform.Since its launch in August 2025, NOL Money has seen steady growth, surpassing 430,000 total subscribers. Both the number of users and transaction amounts have more than tripled compared to the first month of its launch. The highest usage categories
Controversy Arises Over Minister's Reference to North Korea as 'People's Republic'
The Ministry of Veterans Affairs has stated that it has no plans to correct or apologize for Minister Kwon Oh-eul's controversial reference to North Korea as the 'People's Republic.' This response has sparked public debate.According to the Chosun Ilbo on August 12, the Ministry responded to inquiries from Shin Dong-wook, a member of the People Power Party in the National Assembly's Political Affairs Committee, stating that there are no plans for correction, clarification, apology, or expression
Korea Trade Insurance Corporation Provides Financial Support to Samsung C&T's German Subsidiary Amid EU Carbon Regulations
The Korea Trade Insurance Corporation (K-Sure) is stepping in to alleviate the financial burden on domestic companies as they restructure their sales operations in response to the European Union's Carbon Border Adjustment Mechanism (CBAM). On August 13, K-Sure announced it will provide approximately 40 billion won in trade insurance to Samsung C&T's German subsidiary.This support will utilize K-Sure's 'Short-Term Global Sales Insurance.' Financial institutions will purchase accounts receivable f
Government Takes Steps to Mitigate Heatwave Impact on Agricultural Prices
The government is taking measures to stabilize prices and supply of agricultural and marine products in response to recent heatwaves and droughts. It plans to offer discounts on agricultural chemicals and nutrients, with up to 50% off on key products until the Chuseok holiday, depending on supply conditions.On August 13, the government held a meeting of economic ministers and a special task force on living costs to discuss strategies for stabilizing prices and supply of agricultural and marine p