Extreme Heat Hits Small Businesses with Rising Costs
This year's extreme heat is significantly impacting small business owners. Rising ingredient prices, increased cooling costs, and higher delivery fees, combined with a decrease in foot traffic, are creating a challenging environment. If extreme heat continues to occur annually, the financial struggles for small businesses are expected to worsen. According to the Korea Agro-Fisheries & Food Trade Corporation (aT) on August 10, the retail price of cabbage reached 3,509 won per head, a 28% increa
Hanwha Targets Austal USA and KAI for Expansion in Defense and Aerospace
Hanwha Group, led by Vice Chairman Kim Dong-kwan, is rapidly expanding its territory in the defense, maritime, and aerospace sectors. The company is pursuing the acquisition of Austal USA, a shipbuilder for the U.S. Navy, while also increasing its stake in Korea Aerospace Industries (KAI) to over 15%, signaling an interest in gaining control.According to industry sources, Hanwha has made a non-binding conditional offer to acquire the business and operational organization of Austal USA, with the
Journalist Han Myung-kyu Releases First Poetry Collection 'The Weight of a Person is Measured by Scent'
What can measure the weight of a person? It could be their title, the length of their life experiences, or the magnitude of their achievements in the world. However, these factors do not fully explain a person's true weight. Ultimately, what endures are the memories and emotional imprints they leave behind, or, one might say, the 'scent' they exude. Han Myung-kyu, vice president of JTV Jeonju Broadcasting, has published his first poetry collection, 'The Weight of a Person is Measured by Scent' (
Is Scraping Banned Starting August 20? Privacy Commission Clarifies
The Personal Information Protection Commission has clarified that the upcoming expansion of data transfer rights on August 20 will not result in a complete ban on scraping methods used by financial institutions. Instead of an outright halt, the commission is transitioning to safer methods, such as application programming interfaces (APIs), through pre-consultation.Since June 25, the commission has been piloting support for pre-consultation on the transfer of personal data between public institut
China Commemorates Jiang Zemin's 100th Birthday with Documentary and Events
As the 100th birthday of Jiang Zemin approaches on August 17, China is preparing to commemorate the former Communist Party General Secretary with a documentary and large-scale events.According to the programming schedule of China Central Television (CCTV), two episodes of a documentary titled "Jiang Zemin" will air consecutively at 8:04 PM local time on August 11. This 12-part series will be broadcast daily in pairs from August 11 to 16.A significant high-level commemorative event is set to take
Korea Exchange Faces Setbacks in Extended Trading Plans
The Korea Exchange's ambitious plans to extend trading hours are facing significant setbacks. The introduction of a pre-market has been postponed until the end of next year, and the launch of ETF trading in the aftermarket next month is now in jeopardy. This development diverges sharply from the original goal of establishing a 24-hour trading system by the end of 2027 to enhance competitiveness with global exchanges.According to financial industry sources on August 11, the Korea Exchange convene
Special Prosecutors Charge Former Fire Chief Heo Seok-gon Without Detention
Former Fire Chief Heo Seok-gon and former Deputy Fire Chief Lee Young-pal have been indicted for their involvement in the emergency martial law declared on December 3, following orders from former Minister of the Interior and Safety Lee Sang-min to cut off power and water to media outlets.The second comprehensive special prosecution team, led by Special Prosecutor Kwon Chang-young, announced on the afternoon of August 11 that they have charged Heo and Lee without detention for their roles in imp
Kim Yong-hyun Claims Innocence in Appeal Over Controversial Phone Delivery
Kim Yong-hyun, the former Minister of National Defense, who was sentenced to three years in prison for delivering a secure phone to former Army Intelligence Commander Noh Sang-won under false pretenses, asserted his innocence during the first hearing of his appeal. The Special Prosecutor's team for insurrection, led by Cho Eun-seok, stated that the original sentence was too lenient.The 12-2 Criminal Division of the Seoul High Court (Judges Jo Jin-goo, Kim Min-a, and Lee Seung-cheol) held the fir
Typhoon Chan-hom Expected to Make Landfall in Eastern Japan Tonight
Typhoon Chan-hom is expected to make landfall along the eastern Pacific coast of Japan on the night of August 11. Unlike typical typhoons that approach from the south, this storm is taking an unusual path from the east to the west. Ibaraki Prefecture in the Kanto region, which includes the capital, is a likely landing point, with Fukushima Prefecture in the Tohoku region also being mentioned. Whichever location is hit, it will mark the first time since typhoon statistics began in 1951 that eith
Autonomous A2G Signs $8.2 Million Self-Driving Vehicle Deal in UAE
Autonomous A2G has signed a contract worth 279.1 million dirhams (approximately $8.2 million) with UAE-based AI company Space42 for the supply of self-driving vehicles.A2G announced on August 4 that it will provide vehicles and autonomous driving technology for the TXAI autonomous driving service operating in the UAE as part of a 'Smart Mobility Convergence Project' with Space42.This supply contract marks a significant instance of a domestic autonomous driving company providing large-scale vehic