The government has officially announced plans to enact the Mega Special Zone Special Law by the end of the year, but significant differences remain between the Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Employment and Labor regarding the 52-hour workweek exception. While MOTIE is actively considering flexible working hours, the Labor Ministry is taking a cautious stance on exceptions.Kim Jeong-kwan, the Minister of Trade, Industry and Energy, stated during a National Asse

As negotiations between the United States and Iran remain stalled, international oil prices are rising, and shipping costs are increasing. Iran has raised the conditions for reopening the Strait of Hormuz, while the U.S. has intensified its maritime blockade against Iran, raising concerns about prolonged disruptions in energy supplies from the Middle East.The blockade of the Strait of Hormuz has led to increased demand for U.S. crude oil and petroleum products from Asian countries, resulting in

Im Kwang-hyun, head of the National Tax Service, announced the establishment of a dedicated team to track high-value tax delinquents who hide assets through overseas affiliates or name trusts. A tax management team of 10,000 will be deployed to assess the status of accumulated delinquencies totaling 130 trillion won, and a tax service and tax evasion detection system utilizing artificial intelligence (AI) will also be developed. Im made the announcement during a nationwide tax office meeting hel

The legacy of 'Korean Premier League players,' which began with Park Ji-sung in 2005, is at risk of ending after 21 years. With just ten days until the start of the English Premier League (EPL) season, no South Korean player has confirmed participation in the first team.The 2026-2027 EPL season will kick off on August 22 at 4 a.m. KST with a match between Arsenal and Coventry City.Over the past 21 years, Korean Premier League players have kept fans on the edge of their seats. Starting with Park

North Korea has condemned South Korea's efforts to develop nuclear submarines, threatening to possess the capability for retaliatory strikes that would make its adversaries' survival impossible.According to the Korean Central News Agency, Jang Kum-chul, the North Korean Foreign Ministry's First Vice Minister and head of the Department of South Korean Affairs, stated on August 12, "South Korea's ambition to possess nuclear submarines will inevitably lead to a nuclear domino effect in the Asia-Pac

Aekyung Industry reported record quarterly revenue for the second quarter of this year, achieving a turnaround to profitability compared to the previous quarter. Growth in both cosmetics and household goods sectors, particularly in overseas markets, contributed to the improved performance.The company announced on August 12 that its consolidated revenue for the second quarter reached 194.2 billion won, a 13.3% increase from the same period last year, marking the highest quarterly revenue in its h

The registration for the 2027 College Scholastic Ability Test (CSAT) will begin on August 24, as the Jeonnam-Gwangju Integrated Education Office prepares for the first CSAT since its establishment. On August 12, the Jeonnam-Gwangju Integrated Education Office held an information session on the detailed implementation plan and registration process for the 2027 CSAT for officials from the education support offices and high schools in the Jeonnam and Gwangju regions. In the Jeonnam region, 250 re

KT Alpha has improved its operating profit and net income in the first half of the year, despite a decline in revenue, marking a successful shift towards profitability. The company's strategy to reduce direct purchases and restructure its product portfolio around consignment sales has resulted in lower total sales but higher profit margins. On August 12, KT Alpha reported first-half revenue of 192.5 billion won, an operating profit of 26.2 billion won, and a net income of 24.7 billion won. While

To prevent young people from leaving Seoul due to housing costs, the city plans to supply 74,000 youth-oriented housing units by 2030 and reduce the housing burden for 250,000 residents. On August 12, Seoul Mayor Oh Se-hoon visited the Youth Safe Housing in Gaebong-dong, Guro-gu, where he met with young residents to discuss the new housing policy. The 'Gaebong Sageum' facility, located near Gaebong Station, consists of 605 units, including 96 public rentals, 177 SH pre-purchases, and 332 private