A worker died after being stung by bees at a demolition site in Goyang, South Korea, operated by IPARK Hyundai Industrial Development.On August 11, the Financial Supervisory Service's electronic disclosure system reported that a worker had died at the Nungok District 5 housing redevelopment project site.The incident occurred on July 24 during demolition work. The worker was installing dust and debris nets on scaffolding when he was stung by bees inside a scaffolding pipe. He subsequently lost co

Korean shipbuilders are accelerating efforts to secure local bases for expanding their overseas naval maintenance, repair, and overhaul (MRO) businesses. As key allies like the U.S. and Canada emphasize domestic maintenance capabilities, these companies are moving beyond simple contracts to pursue acquisitions and strategic partnerships with local shipyards.According to industry sources, Hanwha recently made a non-binding conditional offer of $1.05 billion to $1.2 billion to acquire the U.S. div

Com2us improved its operating profit in the second quarter of this year, driven by the performance of its key titles, including 'Summoners War' and its baseball games. The company plans to maintain its growth momentum by launching the MMORPG 'Zeus: Wrath of the Gods' and expanding its lineup of new titles based on globally popular intellectual properties (IPs) in the second half of the year.On August 12, Com2us announced that it recorded consolidated sales of 157 billion won and an operating pro

Miryang City in South Gyeongsang Province announced on August 12 that it is deploying 40 fire trucks in collaboration with the National Fire Agency to urgently supply over 1,200 tons of agricultural water daily until August 13.The action comes as prolonged heat and insufficient rainfall have caused local reservoir levels to drop to one-third of the average, prompting a 'serious' drought alert.As of August 12, the average reservoir level in Miryang is at 24.7%, which is only 33.7% of the normal l

The South Korean government is set to commercialize light water small modular reactors (SMRs) by 2035. It plans to increase its stockpile of critical minerals to a maximum of one year’s supply and invest 10 trillion won in research and development (R&D) over the next five years. This initiative comes as officials recognize that relying solely on existing key industries will not guarantee future growth, prompting a focus on advanced technology development aimed at the next 10 to 20 years.On Augus

Samsung Electronics is preparing to launch its artificial intelligence (AI) glasses in the second half of the year, focusing on safety measures to prevent privacy violations and misuse. As the latest AI glasses have advanced to the point where they are difficult to distinguish from regular eyewear, concerns about covert recording and cheating during exams have emerged, making safety a key priority.According to industry sources on August 12, about 10% of the patents Samsung has secured during the

SK Hynix has become the largest shareholder of Kioxia, the third-largest global NAND flash producer, but the situation is complex. Despite investing trillions of won, concerns have been raised about the feasibility of exercising management rights and creating production and technology synergies between the two companies.According to industry sources on August 12, SK Hynix's special purpose company (SPC) BCPE Pangea Cayman 2 (SPC2) has acquired 14.19% of Kioxia's shares through the purchase of 77

Starting August 19, the management standards for discrepancy rates of exchange-traded funds (ETFs) and exchange-traded notes (ETNs) will be strengthened. Individual investors looking to make new investments in single stock leverage and inverse products will be required to complete a minimum of five trading days and a total of over five hours of simulated trading, in addition to the basic deposit and prior education.According to the Financial Services Commission (FSC) on August 12, the commission

A 70-year-old self-employed individual, identified as A, who imports seafood from Vietnam and Thailand, recently secured a loan of 50 million won from a bank. The rising exchange rates and sluggish domestic demand have led to a decrease in sales, making it difficult to secure funds for raw material imports and employee wages.A expressed, "As the exchange rate rises, the amount I have to pay for the same quantity has significantly increased, and with the economy not improving, it's hard to increa