Special Prosecutors Indict Former Coast Guard Chief Kim Jong-wook Without Arrest
The second special prosecutor team, led by Kwon Chang-young, has indicted former Coast Guard Chief Kim Jong-wook and former Planning Coordinator Ahn Seong-sik in connection with allegations of involvement in the emergency martial law on December 3. On August 12, the special prosecutors announced, "We have indicted former Chief Kim and former Coordinator Ahn without detention on charges of conspiracy to insurrection and abuse of power." They are accused of abusing their authority during an uncons
Minister Kim Jung-kwan Discusses Exceptions to 52-Hour Workweek in Mega Special Zones
Minister of Trade, Industry and Energy Kim Jung-kwan stated on August 12 that discussions are ongoing regarding various forms of labor systems, including the white-collar exemption from the 52-hour workweek.During a meeting of the National Assembly's Trade, Industry, Energy, and Small and Medium Enterprises Committee, Kim responded to a question from Democratic Party lawmaker Kim Won-ii about whether the special law for mega special zones would include exceptions for working hours. He noted, "La
Kakao Bank Union Launches Compliance Strike, Rejects Overtime and Holiday Work
The Kakao Bank labor union has initiated a compliance strike, rejecting overtime, night, and holiday work amid ongoing disputes over wages and collective agreements.According to the Kakao branch of the National Chemical Fiber Food Industry Workers' Union, the strike began at midnight on August 12.Union members participating in the compliance strike will only work within the limits of an average of 40 hours per week when calculating monthly working hours. They will not engage in night shifts, ove
Trump Secretly Transferred on Military Plane Amid Iran Assassination Threat
President Donald Trump secretly transferred to a military aircraft while leaving Turkey last month, leaving Air Force One as a decoy amid an assassination threat from Iran.According to the Wall Street Journal on August 11, Israel provided intelligence indicating that Iran could target either President Trump or Air Force One, including the possibility of an attack using surface-to-air missiles.No missile launches occurred, and the reliability of the intelligence has not been specifically confirme
Labor Minister Kim Young-hoon Reviews Yellow Envelope Law Regulations
김영훈 고용노동부 장관이 노란봉투법(개정 노동조합법)의 사용자성 판단과 노동쟁의 범위를 구체화하기 위해 시행령·시행규칙 등 하위법령 마련을 검토하고 있다고 밝혔다. 메가특구 연구개발(R&D) 인력에 대한 주 52시간제 예외 적용에는 신중하게 접근해야 한다는 기존 입장을 재확인했다. 김 장관은 12일 국회 기후에너지환경노동위원회 전체회의에서 나경원 국민의힘 의원이 노란봉투법의 사용자성과 쟁의 대상이 불명확하다고 지적하자 "시행령이나 시행규칙 등 어떤 방법이 있을지 다각도로 검토하고 있다"
HLB Panajin to Present PNA Technology at U.S. Oligonucleotide and Peptide Conference
HLB Panajin will introduce its proprietary peptide nucleic acid (PNA) technology at the upcoming Oligonucleotides & Peptides Xchange–San Francisco 2026 conference in the United States.The company announced on August 12 that it will deliver the opening keynote address at the event, scheduled for September in San Francisco.The presentation is titled "The Overlooked Oligo: Why PNA Deserves a Closer Look in Your Pipeline." HLB Panajin plans to highlight the technical strengths of PNA and its potenti
Nvidia Develops 1 Trillion Parameter AI Model to Compete with China
Nvidia is developing a massive open artificial intelligence (AI) model with over 1 trillion parameters. This initiative aims to catch up with Chinese companies in the open AI market while expanding its AI model ecosystem to boost demand for its graphics processing units (GPUs).According to IT media outlet The Information on August 11, the largest model in Nvidia's next-generation series, 'NemoTron4,' is expected to have at least 1 trillion parameters, targeting performance that can compete with
JW Pharmaceutical Shares Surge 15% Following Successful Phase 3 Gout Drug Trial
JW Pharmaceutical is experiencing a surge of over 15% in its stock price following the announcement of positive results from a multinational Phase 3 clinical trial for its gout treatment candidate.As of 1:07 PM on August 12, the Korea Exchange reported that JW Pharmaceutical's shares rose by 4,100 won (15.62%) to 30,350 won. At one point during the trading session, the stock reached 31,650 won.On the previous day, JW Pharmaceutical confirmed the efficacy of its gout treatment candidate, efapimin
Hancom's Agentic OS Integrated into Firefighting Robots, Expanding into Physical AI Market
Hancom is expanding its business into the physical artificial intelligence (AI) market by integrating its self-developed Agentic operating system (OS) into firefighting robots.On August 12, Hancom announced that its subsidiary, Hancom Life Care, has signed a five-year exclusive sales and technology development agreement with French robotics company Shark Robotics for the domestic market.The exclusive sales agreement covers the large firefighting and rescue robot 'Colossus' and the fire door bloc
Cosmax Shares Surge Over 14% Following Record Q2 Earnings
Cosmax has seen its shares rise over 14% during trading today, following the announcement of record earnings for the second quarter of this year and subsequent upgrades to target stock prices by analysts.As of 12:39 PM on the Korea Exchange, Cosmax's stock was trading at 241,000 won, up 31,000 won (14.76%) from the previous trading day.On August 11, Cosmax reported that its consolidated operating profit for the second quarter reached 73.7 billion won, a 21.3% increase compared to the same period