Mirae Asset's Q2 Profit Approaches 2 Trillion Won, Outpacing Shinhan Financial
Mirae Asset Securities reported a nearly 2 trillion won net profit for the second quarter, significantly surpassing its competitors. The firm achieved a net profit of 1.9052 trillion won for the second quarter, marking a 369.4% increase from the same period last year and a 90.2% rise from the previous quarter.In the first quarter, the company recorded a net profit of 1.0019 trillion won, making it the first in the securities industry to exceed 1 trillion won in net profit for two consecutive qua
U.S. Stocks Rise on AI Investment Hopes; SK Hynix ADR Jumps 9%
The U.S. stock market rose, driven by strong performances from artificial intelligence (AI) infrastructure companies and inflation data that met expectations. As concerns about a slowdown in AI data center investments eased, semiconductor stocks like Nvidia and Micron showed strength, with SK Hynix's American Depositary Receipts (ADR) soaring over 9%.On August 12, the S&P 500 index closed up 20.30 points (0.26%) at 4,748.50. The tech-heavy Nasdaq composite rose 143.04 points (0.54%) to finis
Musk Predicts AI Revenue Will Soon Surpass Starlink and Space Operations
Elon Musk, CEO of SpaceX, has projected that the company's artificial intelligence (AI) revenue will exceed the combined revenue of its Starlink and space operations as early as next month. He also announced plans to train the company's AI model, Grok, using various information held by SpaceX.According to Business Insider on August 12, Musk stated during an all-hands meeting, "AI is a very important part of SpaceX's future," and added, "AI revenue will definitely be greater than the total revenu
U.S. Missile Stockpile Depleted by Iran Conflict, Risks in Potential China War
The United States has significantly depleted its stockpile of interceptor missiles due to the conflict in Iran, raising concerns that it could exhaust its supply within days in the event of a large-scale war with China.According to a report from the conservative think tank Heritage Foundation on August 12, senior researcher Jim Payne analyzed that the U.S. stock of the latest Patriot interceptor missiles (PAC-3 MSE), Terminal High Altitude Area Defense (THAAD), and naval interceptor missiles SM-
Israel Strikes Gaza Again After Reducing Attacks Under Trump Pressure
Israel resumed airstrikes on the Gaza Strip after a week of reduced attacks, following pressure from U.S. President Donald Trump to implement a peace plan.On August 12, local time, the Israeli military conducted airstrikes in Beit Lahia, located in northern Gaza. The military stated that the strikes targeted a Hamas commander who was allegedly planning to attack Israeli forces operating in the area.Palestinian medical personnel and witnesses reported that a man was struck while riding a tricycle
Trump's Truth Social Faces Lawsuit Over Paid Access to Policy Announcements
A lawsuit has been filed seeking to halt a service on Truth Social that allows paying customers to access policy announcements from President Donald Trump before the general public. On August 12, local time, The Intercept and the nonprofit organization Freedom of the Press Foundation reported that they filed the lawsuit in the U.S. District Court for the Southern District of New York against President Trump and others. The controversial service is the 'Truth API,' a paid service launched by Trum
NVIDIA's Jensen Huang Named Top CEO in the U.S. by Employees
Jensen Huang, CEO of NVIDIA, the world's leading company by market capitalization, has been named the top CEO in the United States by his employees.On August 12, Glassdoor announced its list of the "50 Best CEOs of 2026," with Huang achieving a remarkable employee approval rating of 99%.NVIDIA employees praised Huang in anonymous reviews, describing him as a "dynamic and authentic leader," a "visionary leader," and a "rock star."In second place was Jason Johnson, CEO of car wash company Quick Qu
Trump Claims U.S. Fully Controls Strait of Hormuz, WSJ Disagrees
President Donald Trump stated that the United States has complete control over the Strait of Hormuz and intends to maintain this authority.On August 12, Trump expressed on social media platform Truth Social, "The U.S. has total control of the Strait of Hormuz," adding, "I believe we will continue to maintain this."He further claimed that the U.S. maritime blockade against Iran is referred to by everyone as a "steel wall," asserting that Iran can do nothing in response.Trump remarked, "Iran has n
Trump Claims Full Control of Hormuz Strait as Ships Favor Iranian Routes
President Donald Trump asserted that the United States has achieved "full control" over the Hormuz Strait and will maintain that control. However, actual shipping data indicates that vessels are increasingly opting for Iranian-managed routes over those protected by the U.S.On August 12, Trump stated on social media platform Truth Social, "The United States has completely taken over the Hormuz Strait and will continue to do so." He referred to the U.S. maritime blockade against Iran as a "steel w
U.S. Senate Judiciary Chair Uses Same Vacuum Cleaner for 49 Years
Chuck Grassley, the 93-year-old U.S. Senate Judiciary Committee chair, has revealed that he has been using a 1970s vacuum cleaner for 49 years, far exceeding the typical lifespan of most vacuum cleaners.On August 8, Grassley announced the retirement of his 49-year-old vacuum, named 'Bess,' in a post on social media platform X (formerly Twitter). He stated, "We will no longer see Bess," adding that the black marks in the photo were caused by electrical sparks and that it is no longer safe to use.