Joint Investigation Reveals Low Insurance Rates in Aquaculture and Salt Farms
The government has found that insurance enrollment rates at aquaculture and salt farm facilities across the country are below half, indicating an urgent need for improvements in working conditions.The Ministry of Oceans and Fisheries and the Ministry of Employment and Labor conducted a safety and health environment survey from March to July this year, covering 250 aquaculture and salt farm facilities. The assessment included quantitative evaluations of employers, workers, workplaces, and equipme
Hanwha Group Chairman Kim Seung-yeon Gifts Health Food to Employees
Hanwha Group Chairman Kim Seung-yeon is gifting health food to all 69,000 domestic employees as a token of appreciation and encouragement.On August 12, Hanwha Group announced that Chairman Kim is sending a set of health food, including samgyetang (ginseng chicken soup), galbitang (beef rib soup), and seolleongtang (ox bone soup), to each employee's home. The gift, valued at over 3 billion won, is funded from Kim's personal resources.In a message accompanying the health food gift, Kim expressed,
President Lee: Semiconductor Industry Offers Unique Opportunity for Future Growth
President Lee Jae-myung stated on August 12 that the semiconductor industry presents a unique opportunity to prepare for the next wave of growth in the artificial intelligence (AI) era. To capitalize on this, the government has selected seven advanced technologies, including small modular reactors (SMR), nuclear fusion, and quantum computing, as future growth engines to develop into new national mega projects.During the 'Future Growth Engines 7 SEED Report Meeting' held at the Blue House, Presid
Avoid Overreliance on Average Grades in College Admissions
Unlike the college entrance exam, which primarily relies on test scores, the comprehensive student evaluation (CSE) process shows significant disparities in average grades among applicants based on high school type. Admissions experts caution against blindly trusting the average admission results published by universities as personal benchmarks. According to an analysis by the admissions information platform JinHakSa of 12,525 mock applications for the 2026 academic year to Seoul National Univer
Police Establish Department for Managing Prosecutors' Requests for Supplementary Investigations
The police will establish a dedicated department to oversee, monitor, and manage cases involving requests for supplementary investigations from prosecutors.On August 12, the National Police Agency announced during the second meeting of the Task Force for Follow-up Measures to the Revised Criminal Procedure Act that the new department will operate at both the agency's headquarters and regional police agencies.The department for managing supplementary investigation requests is expected to be opera
National Policy Banks Unite Against Second Phase of Regional Relocation
As the government prepares to announce its roadmap for the second phase of public institution regional relocation, opposition from the financial sector is intensifying. Unions from the Industrial Bank, Korea Development Bank, and Export-Import Bank are jointly mobilizing for the first time to resist the relocation of financial public institutions.On August 11, the unions held a rally titled 'Determined Struggle Against the Relocation of National Policy Banks' near the Industrial Bank headquarter
SK Hyper Appoints C-Level Executives to Drive AIDC Business Development
SK Telecom's dedicated subsidiary for artificial intelligence data center (AIDC) development, SK Hyper, has finalized its C-level executive appointments and established a business promotion framework.According to industry sources on August 12, SK Hyper has appointed Jo Jeong-min as Chief Strategy Officer (CSO), Lee Dong-ki as Chief Technology Officer (CTO), and Yoo Jae-ho as Chief Financial Officer (CFO). Jo previously led the AIDC planning division and the Connect Infrastructure business at SK
Chinese Stock Market Rises as Tech Shares Rebound; CXMT Gains Over 6%
The Chinese stock market rebounded on August 12 after a decline the previous day. Technology stocks, including those in AI and semiconductors, saw a resurgence, contributing to a generally positive market atmosphere. The Shanghai Composite Index closed up 0.32% at 3,946.68, the Shenzhen Component Index rose 1.09% to 14,414.43, and the ChiNext Index increased by 1.49% to 3,602.08.Investors showed renewed interest in technology stocks, which had been undergoing corrections. Notably, the successful
Actor Ha-young Apologizes for Great-Grandfather's Pro-Japanese Actions
Actor Ha-young has issued a personal apology regarding the pro-Japanese actions of her great-grandfather, Ahn Sang-ho. On August 11, Ha-young took to Instagram to express, "I sincerely apologize for the disappointment and hurt caused by matters related to my great-grandfather. Recently, I have reflected on my family's history with a heavy heart after learning about my great-grandfather Ahn Sang-ho's past actions." She continued, "Until now, I only had a fragmented understanding of my great-gran
Government Urges Increased Lending to Self-Employed Amid Rising Default Rates
The government is intensifying its call for financial institutions to increase funding for self-employed individuals, even as it tightens household loan management. However, with the default rate on personal business loans reaching its highest level in 13 years, financial institutions are cautious about expanding lending. This has led to a dilemma between supporting self-employed individuals and maintaining financial soundness.According to the financial sector on August 12, financial authorities