SK HYPER CEO Seok-geun Jeong: Customers Will Demand Tokens Beyond Data
"In the future, customers will demand 'tokens' beyond data. If we have the infrastructure to create these tokens and the technology to optimize them, the Artificial Intelligence Data Center (AIDC) will not only be a new business but also a new growth engine for the telecommunications industry," said Seok-geun Jeong, CEO of SK HYPER and head of SKT AI CIC and the AIDC Integration Promotion Team, during a briefing at the company newsroom on August 12.He explained that the role of telecommunication
Na Young-seok Leads New Netflix Show Featuring Unwilling Hikers
"My ambition is to create a next-generation group that will lead Korean entertainment for the next 10 years." (Na Young-seok)Na Young-seok has returned, leading a group of young stars into the rugged mountains. His new Netflix variety show, 'Why Are We Hiking?' captures the raw survival experiences of four reluctant hikers who have spent their lives avoiding the outdoors.On August 12, a production presentation for 'Why Are We Hiking?' (referred to as 'Dae-dung-why') was held at Hotel Naru Seoul
KT Reports Decrease in Q2 Earnings Following Hacking Incident
KT reported a decline in both revenue and operating profit for the second quarter of 2026, influenced by a base effect from last year's real estate sales profits.On August 12, KT announced that its consolidated revenue for Q2 2026 was 6.6799 trillion won, with an operating profit of 648.3 billion won, marking decreases of 10.1% and 36.1%, respectively, compared to the same period last year. The net profit for the quarter was 480.6 billion won, down 34.5% year-on-year. A KT official explained, "T
Job Creation Transforms Society: 10 Senior Empowerment Projects Yield $71 Million in Social Value
Senior job programs, once seen merely as income support, are now filling gaps in community care and addressing environmental issues, generating significant social value. The Ministry of Health and Welfare has reported that ten leading model projects utilizing seniors' expertise have achieved social outcomes equivalent to 128.3% of their budget, opening new horizons for senior employment initiatives.On August 12, the Ministry released the results of the 'Senior Empowerment Leading Model Project S
Small Business Association Seeks Participants for Retail Opportunities
The Small Business Association announced on August 12 that it is recruiting small businesses to participate in its "Second Half Integrated Product Review" aimed at supporting the entry of quality small business products into major retail channels.The target participants are small consumer goods manufacturers based in South Korea. The review will consider all consumer goods except for large appliances and furniture.Thirteen retailers will participate in the review, including Galleria, Lotte, Shin
Korean Higher Education Council Proposes Full Tax Deduction for University Donations
The Korean Higher Education Council (KHEC) has proposed a policy to diversify the income structure of universities and enhance financial stability by introducing a full tax deduction for donations of 100,000 won. The initiative aims to encourage small donations from alumni, parents, and the local community to help alleviate the financial difficulties faced by universities. On August 12, KHEC released a policy research report outlining the plan for the implementation of a full tax deduction for u
Jang Dong-hyuk: Party Chair Positions Should Be Held by Fighters
Jang Dong-hyuk, the leader of the People Power Party, emphasized on August 12 that he will reflect the opinions of party members as much as possible in the appointment process for party committee chairs. He stated, "I will not operate in a way that automatically extends terms after they expire."During an appearance on the YouTube program "Lee Dong-jae's News Cabinet," Jang said, "My basic thought is to receive applications and appoint new party committee chairs according to party rules and regul
Kolon Global Reports 174% Increase in Q2 Operating Profit Amid Improved Construction Costs
Kolon Global significantly boosted its profitability in the second quarter of this year, thanks to the 'big bath' effect from proactively addressing potential losses at the end of last year and expanding its non-residential business.On August 12, Kolon Global announced that it recorded consolidated sales of 750.5 billion won, operating profit of 52.2 billion won, and net profit of 32.3 billion won for the second quarter. Compared to the same period last year, sales increased by 2.2%, while opera
Heerim Selected as Preferred Negotiation Partner for 600 Billion Won Jeonbuk International Finance Center Project
Heerim has been selected as the preferred negotiation partner for the 600 billion won Jeonbuk International Finance Center (JIFC) project, marking its significant entry into a large-scale mixed-use development.On August 12, Heerim Architects announced that the Oryon Asset Management Consortium was chosen as the top candidate in the bidding for the 'Jeonbuk International Finance Center (JIFC) and Financial Town Development Project' organized by the Jeonbuk Special Self-Governing Province. A total
Construction Industry Faces Decline as Orders Drop 21.7%, Private Sector Down 41.5%
Despite an increase in public large-scale project orders, the construction industry's recovery remains limited due to a simultaneous decline in private sector contracts for civil engineering, housing, and non-residential projects.The Korea Construction Industry Institute reported on August 12 that construction orders in June totaled 18.7 trillion won, a 21.7% decrease compared to the same month last year.Public orders increased by 29.2% year-on-year, driven by large projects such as the Jecheon-