Kimhae, once the center of the iron culture of Gaya 2,000 years ago, is now gaining attention for its traditional knives in both domestic and international markets.The Gaya Daejanggan, a traditional forge, and Chelling, equipped with advanced manufacturing technology, are both elevating the status of Kimhae knives.On August 12, the city of Kimhae introduced the two local knife manufacturers, stating, "The traditional forge culture is being recognized as a new tourism content and luxury item." Bo

Jung Cheong-rae, a candidate for the leadership of the Democratic Party, stated on August 12 that both Kim Min-seok and Song Young-gil share a commonality in their defeats in the Seoul mayoral election, asserting that he should be the party leader. He emphasized the need to restore the sentiments of the traditional core support base to quickly boost President Lee Jae-myung's approval ratings.During a press conference at the National Assembly, Jung questioned, "Can those who have lost in direct e

The combined operating profit of South Korea's three major telecom companies—SK Telecom, KT, and LG Uplus—has risen to 1.5 trillion won for the first time in a year. Although KT's real estate development profits led to a year-on-year decline, improvements in profitability at SK Telecom and LG Uplus, along with growth in new businesses such as artificial intelligence (AI) and data centers, supported the overall performance.On August 12, the combined revenue for the second quarter of the three com

On August 12, lawmakers clashed during a meeting of the National Assembly's Industry and Trade Committee over the government's push to establish a semiconductor cluster in Gwangju. The Democratic Party supported the government's rapid development of the cluster, arguing it is essential to gain an advantage in the ongoing 'semiconductor war.' In contrast, the People Power Party expressed concerns that the government is hastily advancing a massive project.Democratic Party lawmaker Baek Hye-ryun qu

Wemade Play announced on August 12 that it recorded a revenue of 32.2 billion won ($26 million), an operating profit of 2.6 billion won ($2.1 million), and a net profit of 3.6 billion won ($3 million) for the second quarter of 2026. These figures represent increases of 9% and 6%, respectively, compared to the same period last year.For the first half of 2026, the company reported consolidated revenue of 64.6 billion won ($60 million), an operating profit of 6 billion won ($5 million), and a net p

As the government prepares to announce real estate supply measures, the ruling Democratic Party has launched a task force (TF) to address public concerns. Meanwhile, the People Power Party has ramped up its criticism, blaming the Lee Jae-myung administration's 'hasty administration' for the burdens faced by ordinary citizens.On August 12, the Democratic Party held the inaugural meeting of its housing market stabilization TF in the National Assembly, signaling its commitment to fully support the

The Democratic Party's Election Commission announced on August 12 that it has dismissed allegations regarding Hwang Myung-sun's campaign activities and Jeon Jin-sook's involvement in illegal phone banking during the party's August 17 convention.Im Ho-sun, the deputy chair of the central Election Commission, spoke to reporters after a meeting of the fair election subcommittee at the party's headquarters in Yeouido. He stated, "In the case of Hwang, there was no additional evidence beyond the capt

Prime Minister Han Seung-soo stated on August 12 that "the new leap for a growing South Korea cannot be achieved solely through a few key new industries," adding that "regulatory innovation will be a key driving force in creating a virtuous cycle where the fruits of growth are widely distributed to small and medium enterprises (SMEs)."Han, a former Minister of SMEs and Startups, chaired her first regulatory roundtable for SMEs at the Korea Federation of Small and Medium Businesses in Yeouido, Se

The delisting procedures for penny stocks and those failing to meet market capitalization requirements have intensified. With the implementation of strengthened listing regulations, 30 stocks have been newly designated as management stocks, and additional reasons for designation have been added to six existing management stocks.According to the Korea Exchange, as of the market close on August 12, 30 stocks that have traded below 1,000 won for the past 30 trading days or failed to meet the minimu