Seoul to Provide 74,000 Youth Housing Units by 2030
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
Meritz Fire & Marine Insurance Reports Over $1 Billion in First-Half Profit
Meritz Fire & Marine Insurance has surpassed 1 trillion won in net profit for the first half of the year, driven by a return to profitability in auto insurance.The company reported a net profit of 1.0243 trillion won for the first half of the year, marking a 3.8% increase compared to the same period last year. In the second quarter, net profit rose 6.4% year-on-year to 558.3 billion won.Revenue for the first half reached 6.7074 trillion won, an 8.0% increase, while operating profit grew by 5.4%
Muan County Enhances Safety in Healing Agriculture with Customized Programs
Muan County in Jeonnam Province is working to strengthen the foundation of sustainable healing agriculture by developing healing programs that utilize specialized resources from individual farms while ensuring visitor safety.On August 7, Muan County held a meeting at the county agricultural technology center with local healing farm operators to discuss the direction of future capacity-building education and tailored consulting for healing farms, the county announced on August 12.The meeting focu
South Korea Launches Seven Major SEED Projects for Future Technologies
The Ministry of Science and ICT and related agencies have unveiled a strategy to foster seven advanced technologies across three key areas: future clean energy, next-generation frontiers, and advanced supply chains. This initiative aims to secure future growth opportunities over the next 10 to 20 years.On August 12, the Ministry held a report meeting titled 'Seven SEED (Strategic Emerging Engines for Disruptive Innovation) Projects for Future Growth' at the Blue House, focusing on 'Engines for F
President Lee: Active Dialogue to Address Korea-U.S. Issues with Ambassador Michelle Steel
President Lee Jae-myung stated on August 12 that he believes various issues between South Korea and the United States can be resolved through rational and proactive dialogue and cooperation.On that morning, President Lee received the credentials of Michelle Steel, the new U.S. Ambassador to South Korea, along with three other newly appointed ambassadors, during a ceremony held at the Blue House.According to a written briefing by Chief Spokesperson Kang Yu-jeong, President Lee urged Ambassador St
SK hynix to Break Ground on Indiana Semiconductor Plant on 27th
SK hynix will hold a groundbreaking ceremony for its advanced semiconductor packaging plant in West Lafayette, Indiana, on the 27th. Key executives, including CEO Kwon Noh-jung, are expected to attend, and there is speculation that SK Group Chairman Choi Tae-won and NVIDIA CEO Jensen Huang may also be present.According to industry sources on the 12th, SK hynix has begun preparations for the event by sending invitations to major clients and partners. The ceremony is anticipated to feature attenda
Mirae Asset Securities Reports Nearly $1.5 Billion in Q2 Profit, Outpacing Rivals
Mirae Asset Securities reported a net profit approaching 3 trillion won ($2.2 billion) for the first half of the year, significantly outperforming its competitor, Korea Investment & Securities. The firm also surpassed Shinhan, Hana, and Woori Financial Groups, excluding KB Financial Group. Analysts attribute this strong performance to substantial valuation gains from its investment in the American aerospace company SpaceX.On August 12, Mirae Asset Securities announced a consolidated net profit o
Korean Cosmetics Firm Kolmar Surpasses 1 Billion Won in Quarterly Operating Profit
Korean cosmetics manufacturer Kolmar has achieved a significant milestone by surpassing 1 billion won in quarterly operating profit for the first time. On August 12, Kolmar announced that its consolidated operating profit for the second quarter reached 110.3 billion won, a 50.2% increase compared to the same period last year. During the same timeframe, sales rose by 17.8% to 861.3 billion won, while net profit surged by 68.9% to 70.6 billion won. For the first half of the year, cumulative sales
Haenam County Unveils 176 Key Projects for 2027 to Enhance Rural Development
Haenam County has begun identifying key projects and new initiatives for 2027 to realize its goal of becoming a vibrant rural hub in South Korea.On August 12, the county held a report meeting at the government office to review 176 projects worth 218.7 billion won proposed by various departments, assessing their direction and feasibility.The meeting focused on discovering differentiated projects that respond to changing local conditions and policy environments, rather than merely repeating existi
KOSDAQ Companies Call for Eased Delisting Standards Amid Market Turmoil
The South Korean stock market is facing significant pressure from financial authorities and the Korea Exchange as stricter delisting criteria are enforced. Under the new rules, dozens of companies with stock prices below 1,000 won, known as 'penny stocks,' and those failing to meet the market capitalization requirement of 20 billion won for KOSDAQ are at risk of being designated as management items and facing delisting. As of August 12, 178 out of 1,820 listed KOSDAQ companies, or 9.8%, are in j