Hanwha Group's acquisition of management rights in Korea Aerospace Industries (KAI) is becoming more tangible. Over the past month, Hanwha invested 500 billion won to increase its stake to over 15% as KAI's stock price experienced significant fluctuations.According to the Financial Supervisory Service's electronic disclosure system on August 11, Hanwha Systems purchased 3,363,353 shares of KAI from July 8 to August 10 for approximately 499.85 billion won, raising its stake from 1.53% to 4.98%. P

The Korea Development Bank is facing a financial scandal involving fraud allegations related to corporate financing, amounting to approximately 58.3 billion won.On August 10, the bank announced that the incident was discovered during a police search and seizure process on July 22.The total amount involved is 58,347,799,000 won, which does not account for collateral value, meaning the final figure may change. The bank has deployed security services related to the collateral and plans to execute i

Cosmax, a leading cosmetics original design manufacturer (ODM), achieved record revenue and operating profit in the second quarter of this year. All subsidiaries in South Korea, China, the United States, and Southeast Asia experienced growth, with the U.S. subsidiary reporting its first-ever profit. On August 11, Cosmax announced that its consolidated revenue for Q2 reached 794.9 billion won, a 27% increase compared to the same period last year. Operating profit rose by 21% to 73.7 billion won,

Hyundai Motor and Kia are struggling to reach an agreement on wage and collective bargaining negotiations. The Hyundai union is intensifying its strike actions in August, following similar actions in July, while the Kia union is also facing challenges in finding common ground with management. Observers suggest that this year's negotiations may not conclude before the Chuseok holiday, as Hyundai has failed to meet the heightened expectations of its employees, who have seen substantial bonuses fro

A 1-meter-long lizard was spotted in a walking path of an apartment complex in the Gwanggyo New Town of Suwon, South Korea, alarming residents.On August 11, residents shared reports in a community messaging group about the sighting of the lizard earlier this month. The lizard, estimated to be about 1 meter long, was seen crossing the walking path.One resident captured a video showing the lizard emerging from the bushes and crossing the path while flicking its tongue.Residents reacted with surpri

KB Kookmin Card announced a comprehensive overhaul of its KB Pay financial and credit management services on August 11.The company improved the information structure and user interface (UI) to better reflect actual customer usage patterns. The revamped services allow users to access financial products, credit management, and lifestyle finance content all in one place.Financial products now feature personalized preferential interest rates and limit increases, enabling users to quickly check tailo

The 2027 College Scholastic Ability Test (CSAT) is now just 100 days away. While focusing on studying until the exam day is crucial, students and parents should also keep track of important upcoming dates related to application submissions, mock exams, and early admissions.The first key date to note is August 20, when online pre-entry for the CSAT application begins at 9 a.m. This online pre-entry will be available until September 3 at 6 p.m. Students can input their test subjects and personal i

Kim Ji-hyung, chairman of the Economic and Social Council, announced that he is considering addressing the 'N% performance bonus' issue, which has become a point of contention between Samsung Electronics and its labor union, as a topic for social dialogue. He also indicated that the sharing of excess profits resulting from advancements in artificial intelligence (AI) could be discussed in future council meetings.During a press conference held on August 11 in Jongno, Seoul, Kim stated regarding t

Hankook Tire & Technology reported significant revenue growth driven by strong sales of high-value tires. The company's operating profit increased by 58.1% compared to the same period last year.On August 11, Hankook Tire announced that its consolidated revenue for the second quarter reached 5.68 trillion won, with an operating profit of 559 billion won. This marks increases of 5.8% and 58.1%, respectively, from the previous year.Revenue from the tire segment rose to 2.81 trillion won, an 11.8% i