Diverging Views on 52-Hour Workweek Exception Among Democratic Party Candidates
As discussions continue regarding the application of exceptions to the 52-hour workweek under the Mega Special Zone Act, part of the Lee Jae-myung administration's local-led growth initiative, conflicting views have emerged among candidates for the leadership of the Democratic Party.On August 12, candidate Jung Cheong-rae held a press conference at the National Assembly, stating, "I believe the 52-hour workweek should be adhered to," and suggested that increasing employment could help address la
Nippon Steel Ordered to Compensate Victims of Forced Labor with 80 Million Won
The Supreme Court of South Korea has confirmed a ruling requiring Nippon Steel (formerly Shin Nippon Steel) to pay 80 million won in damages to the family of a forced labor victim from the Japanese colonial period. The family expressed hope for a prompt apology and compensation. On August 12, the Supreme Court's second division, led by Justice Oh Kyung-mi, upheld the lower court's decision that ordered Nippon Steel to pay 80 million won in damages in a lawsuit filed by the family of the late Min
Supreme Court Upholds Ruling Against Seoul City in 42.1 Billion Won Lawsuit
Seoul City has lost its final appeal in a lawsuit seeking to cancel a 42.1 billion won charge imposed by the Korea Railroad Corporation for the use of the Gyeongui Line Forest Trail park area.On August 12, the Supreme Court's second division, led by Justice Eom Sang-pil, upheld the lower court's ruling that favored the Korea Railroad Corporation in the compensation lawsuit.The court stated, "Seoul City cannot be considered to have the right to occupy and use the land free of charge based on agre
Air Premia Enhances HSC Business Model for U.S. and Transfer Services
Air Premia announced on August 12 that it is enhancing its Hybrid Service Carrier (HSC) business model to strengthen customer service and network competitiveness, focusing on long-haul routes centered around the U.S.The airline is prioritizing seat services to improve convenience for long-distance travelers. It is expanding the space between some economy seats from 31 inches to 33 inches and is operating a wide premium class that offers more space than standard economy.In fact, the boarding rate
Iljin Electric Soars Over 15% on Record Earnings Amid Mixed Price Target Outlook
Iljin Electric's stock surged over 15% during trading after the company reported record earnings for the second quarter of this year. Analysts expect continued profitability improvements driven by expanding overseas sales, particularly in the United States, although opinions on price targets vary.As of 11:08 a.m. on August 12, Iljin Electric shares were trading at 71,800 won, up 10,000 won (16.18%) from the previous day. At one point, the stock reached 74,400 won, reflecting strong market perfor
Power Supply Agreements for Semiconductor Complexes in Honam and Yongin
The government is taking steps to establish a power supply network to meet the electricity demand exceeding 20 gigawatts (GW) for semiconductor industrial complexes in Honam and Yongin. Starting in 2029, an initial supply of 3GW will be provided to the Honam complex, while Yongin will see the construction of liquefied natural gas (LNG) power plants and transmission lines along the East Coast to address a projected demand of over 14GW by 2041.On August 12, the Climate Energy Environment Ministry
HD Construction Machinery Achieves Global Platinum Certification for Resource Recycling
HD Construction Machinery's Incheon campus announced on August 12 that it has received the highest 'Platinum' rating from UL Solutions for the ZWTL (Zero Waste to Landfill) certification for two consecutive years.The ZWTL certification evaluates a company's resource recycling capabilities by verifying the methods used for waste recycling and energy recovery. Ratings are assigned based on recycling rates, with Platinum (100%), Gold (95-99%), and Silver (90-94%) classifications.Since achieving Gol
Polestar Launches Extended Warranty Program to Enhance Vehicle Value and Ownership Experience
Swedish premium electric vehicle brand Polestar announced the launch of its 'Polestar Extended Warranty Program' on August 12, offering special benefits for one month to celebrate the rollout.The Polestar Extended Warranty Program provides coverage for key components even after the basic warranty on new vehicles expires, helping to maintain the vehicle's value and reliability for a longer period.The warranty coverage is the same as the basic warranty provided at the time of new vehicle purchase,
Youngpoong's Zero Liquid Discharge System Gains Attention for Wastewater Recycling
As the industrial sector increasingly calls for reduced wastewater discharge and expanded reuse, Youngpoong's Zero Liquid Discharge (ZLD) system at the Seokpo Smelter is gaining recognition as an eco-friendly water treatment model.According to Youngpoong, the Seokpo Smelter in Bonghwa, North Gyeongsang Province, has been operating its ZLD system since May 2021, making it the first smelter in the world to implement such a system.ZLD is a circular water treatment system that reprocesses all wastew
Celebrating Liberation Day, Advocates Push for One Korea Vision
On the 81st anniversary of Korea's liberation, over 500 individuals from civil society, religious groups, displaced persons, North Korean defectors, youth, politics, and academia gathered to discuss the vision for achieving a free and democratic peaceful unification under the banner of 'One Korea.'The '81st Liberation Day One Korea Unification Advancement Conference' took place on the morning of August 11 at the National Assembly's main conference room. Attendees expressed concern over the recen