GS Co., Ltd. reported a significant increase in operating profit for the second quarter of 2026, driven by improved performance from its key subsidiaries.On August 11, GS announced that its consolidated revenue for the second quarter reached 7.4131 trillion won, with an operating profit of 1.7174 trillion won and a net profit of 1.1320 trillion won. Compared to the same period last year, revenue increased by 24.9%, operating profit surged by 253.4%, and net profit rose by 1180.5%. Compared to th

Although the extreme heat has eased, the government is accelerating measures to support traditional markets vulnerable to high temperatures.According to the Korea Meteorological Administration on August 11, while the intense heat has subsided, hot weather is expected to continue for the time being. Most regions across the country are forecasted to experience a maximum perceived temperature of over 33 degrees Celsius until next week, with nighttime temperatures remaining high.The prolonged heatwa

Chinese stocks, which had seen a slight increase the previous day, fell on August 11. The indices lost ground as negotiations between the U.S. and Iran showed signs of stagnation. The Shanghai Composite Index closed down 0.82% at 3,934.09, while the Shenzhen Component Index dropped 0.40% to 14,259.44. The ChiNext Index, however, rose 0.34% to finish at 3,549.16.The peace talks between the U.S. and Iran, as well as discussions regarding the reopening of the Strait of Hormuz, are facing significan

Calls to move away from the current college entrance exam, which relies on multiple-choice questions, and the relative grading system have emerged in the education sector. To cultivate creative talents who will lead in the age of artificial intelligence (AI), the National Education Commission has begun nationwide discussions on the direction of future college admission systems, including the introduction of written assessments. On August 11, the National Education Commission, in collaboration wi

The election for the 38th head of the Jogye Order, South Korea's largest Buddhist sect, has officially begun. The current head, Jinwoo, has announced his bid for re-election, joining fellow candidates Jeongnyeom and Gyeongu in a three-way race.On August 11, at the Korean Buddhist History and Culture Memorial Hall in Jongno, Seoul, Jinwoo declared, "I will open a new chapter for Korean Buddhism." He was elected unopposed in the previous election for the 37th head in 2022.Jinwoo emphasized the nee

The KOSPI closed higher, buoyed by strong performances from major semiconductor stocks, including Samsung Electronics. After starting the day with a decline, the index reversed course and surpassed the 6,400 mark during trading.On August 11, the Korea Exchange reported that the KOSPI rose by 45.87 points (0.73%) to close at 6,345.53. The index opened at 6,240.06, down 59.60 points (0.95%), but turned positive during the morning session, reaching a high of 6,405.81.Individuals sold a net 72.4 bil

Following the coordinated currency intervention by the United States and Japan, the yen has risen to around 159 yen per dollar, threatening to breach the 160 yen mark. The effects of the intervention have diminished by more than half in just one week. Although speculative selling of the yen has significantly decreased, the continued demand for dollars for oil imports and the slow return of overseas profits to Japan are contributing to the yen's weakness.On the morning of August 11, the yen-dolla

Bank of Korea Deputy Governor Yoo Sang-dae stated on August 11 that "the possibility of an additional interest rate hike is high unless there are significant economic shocks."During a press conference held at the Bank of Korea in Jung-gu, Seoul, Yoo responded to a question regarding whether the recent remarks by the Monetary Policy Committee about the need to maintain a tightening stance implied that further rate increases would not be limited to just one.He noted, "The direction of interest rat

Park Hong-geun, the Minister of the Office for Government Policy Coordination, emphasized the need to review the upcoming budget and urged the elimination of the so-called 'marriage penalty' that discourages young people from marrying due to government policies.On August 11, the Ministry held its eighth expanded executive meeting at the Government Sejong Complex, where Minister Park led discussions on the 2027 budget, the national fiscal management plan, and a support package for the youth gener