Supreme Court Confirms Samsung Securities to Pay 1.87 Million in Ghost Stock Case
The Supreme Court has confirmed that Samsung Securities must pay approximately 1.87 billion won to the National Pension Service (NPS) for damages incurred during the so-called "ghost stock dividend incident" in 2018. Unlike the lower court's ruling, the Supreme Court concluded that Samsung Securities is liable under civil law for the negligence of its employees responsible for dividend operations.On August 12, the Supreme Court's second division, led by Justice Oh Kyung-mi, upheld the lower cour
Hanwha General Insurance Reports 45.6% Increase in Q2 Net Profit
Hanwha General Insurance reported a net profit of 116.4 billion won for the second quarter of this year, marking a 45.6% increase compared to the same period last year, driven by improvements in long-term insurance reserves and increased amortization gains from contract margins (CSM). The new contract CSM also reached a record high for the quarter. The company announced on August 12 that its revenue for the second quarter was 1.9774 trillion won, up 15.4% from 1.7134 trillion won in the same pe
Suwon City Launches Traditional Hanok Cultural Space 'Namsuheon'
Suwon City, led by Mayor Lee Jae-jun, announced that the public hanok cultural facility 'Namsuheon' will officially begin operations on the 14th.Located near the Hwaseong Fortress wall in Namsu-dong (11-453 Namsu-dong), Namsuheon is a multi-cultural space offering hanok accommodations and traditional cultural experiences.The opening ceremony took place on March 27, and the facility has since undergone trial operations to assess and improve its services.Namsuheon spans a total area of 2,644.01 sq
KB Financial Group Expands Support for Firefighters with New 'Hero Rest Area'
KB Financial Group is expanding its support for firefighters' treatment and psychological recovery in conjunction with the opening of the National Fire Hospital.On August 12, KB Financial announced plans to enhance welfare infrastructure and operate psychological and emotional programs for firefighters.Located in Eumseong, Chungbuk, the National Fire Hospital is the first specialized hospital in South Korea dedicated to firefighters. It offers specialized medical and rehabilitation services tail
Lotte Eatz App Streamlines Ordering with UI/UX Overhaul
Lotte GRS announced on August 12 that it has revamped the UI and UX of the Lotte Eatz app to simplify the ordering process and enhance menu navigation.The update consolidates the previously separate steps of cart, order, and payment, reducing the overall ordering time. A reorder feature has also been prominently placed in the app, allowing users to quickly repurchase items they have bought recently.The new 'Eatz's Pick' recommendation feature enables users to order suggested combinations of meal
Suwon City Launches Traditional Hanok Cultural Space 'Namsuheon'
The city of Suwon, led by Mayor Lee Jae-jun, announced that the public hanok cultural facility 'Namsuheon' will officially begin operations on the 14th.Located near the Suwon Hwaseong Fortress wall (11-453 Namsu-dong), Namsuheon is a multi-cultural space offering hanok accommodations and traditional cultural experiences.The opening ceremony took place on March 27, and the facility has undergone trial operations to assess and improve its services.Namsuheon spans a total area of 2,644.01 square me
Minister Kim Jung-kwan Focuses on Expanding Industrial Capabilities for Economic Growth
Minister of Trade, Industry and Energy Kim Jung-kwan stated, "We will concentrate our ministry's capabilities on expanding our companies' economic territory and solidifying our industrial foundation with the goal of becoming a powerhouse in ultra-growth, new spaces, and irreplaceable industries." During a meeting of the National Assembly's Committee on Trade, Industry, Energy, Small and Medium Enterprises, and Startups on August 12, Minister Kim emphasized, "It is our collective responsibility t
Xiaomi Launches Robot Vacuum Cleaner 6 Series in South Korea
Xiaomi announced on August 12 that it will launch its next-generation robot vacuum cleaner, the 'Xiaomi Robot Vacuum Cleaner 6 Series,' in South Korea.The new product, available for pre-order starting on the 19th, features a water-cleaning roller that continuously supplies clean water, AI-based obstacle recognition, and powerful suction to enhance the overall cleaning experience.The series includes two models: the top-tier 'Xiaomi Robot Vacuum Cleaner 6 Max' and the standard 'Xiaomi Robot Vacuum
Investigation Expands into No Tae-ak's Spouse Accompanying Business Trips
The joint investigation team probing allegations of misconduct within the Election Commission has confirmed that all three overseas trips taken by former Election Commission Chairman No Tae-ak with his spouse were conducted without official invitations from the host countries.On August 12, legal sources reported that the joint investigation team, led by Kim Tae-hoon, deputy chief prosecutor of the Seoul Central District Prosecutors' Office, plans to question two Election Commission officials as
National Tax Service Establishes Team to Target High-Value Tax Delinquents
The National Tax Service (NTS) is establishing a dedicated team to track high-value tax delinquents who hide assets through overseas affiliates or name trusts. A tax management team of 10,000 will be deployed to assess the status of accumulated delinquencies amounting to 130 trillion won, and an artificial intelligence (AI)-based tax service and tax evasion detection system will also be developed.On August 12, the NTS held a meeting of tax office heads at the Government Sejong 2nd Office, where