Semiconductor Special Law Takes Effect, Industry Seeks Infrastructure Support
The "Special Law on Strengthening and Supporting the Semiconductor Industry" took effect on August 11, establishing a legal framework to support domestic semiconductor investment and infrastructure development. The semiconductor industry believes that the speed of implementing key infrastructure, such as power and water supply, will be crucial for future competitiveness.On the same day, the Korea Semiconductor Industry Association issued a statement welcoming the law's implementation, stating, "
Controversy Surrounds Ha-young's Ancestor Amid Father's Letter Revelation
The controversy surrounding actress Ha-young's great-grandfather, Ahn Sang-ho, who is accused of pro-Japanese collaboration, has brought renewed attention to a letter her father sent to her sister.In a letter written in 2002, Ahn Byung-moon, Ha-young's father, addressed his eldest daughter, Kyung-min. He expressed gratitude for the passage of time, stating, "If you think about it, the reason I can talk to you so freely now is that time has been on our side." He also noted, "You may vaguely know,
Seongnam Mayor Shin Sang-jin Prioritizes Citizen Safety with Proactive Road Management
Seongnam Mayor Shin Sang-jin emphasized on August 11 that the establishment of an AI-based road management platform is a crucial first step towards proactive road management, prioritizing citizen safety.On this day, Mayor Shin held a kickoff meeting for the 'AI-based Road Management Platform Project' at the city hall's first conference room, marking the start of the initiative.The project aims to build a smart road management system utilizing artificial intelligence (AI) and drones, enhancing ur
Labor Ministry Hosts Roundtable in Daegu and Gyeongbuk to Reduce Workplace Accidents
The Ministry of Labor, along with local governments and labor-management representatives, convened to address the reduction of workplace accidents in small businesses with fewer than 50 employees in the Daegu and Gyeongbuk regions.On August 11, the Ministry of Labor and the Korea Occupational Safety and Health Agency held the 'Daegu and Gyeongbuk Occupational Safety and Health Governance Roundtable' at EXCO in Daegu.According to the Ministry, 96.1% of all businesses in the Daegu and Gyeongbuk ar
HD Hyundai Oil Bank Launches First Hydrogen Engine Oil in South Korea
HD Hyundai Oil Bank has developed and supplied South Korea's first hydrogen engine oil, targeting the hydrogen mobility lubricant market for commercial vehicle manufacturers.On August 11, HD Hyundai Oil Bank announced that it has supplied the XTeer H2-ICE (Hydrogen Internal Combustion Engine) engine oil, specifically designed for hydrogen internal combustion engines, to hydrogen commercial vehicle manufacturers, including Tata Daewoo.In 2023, HD Hyundai Oil Bank began developing lubricant techno
Government Transfers National University Hospitals to Health Ministry to Strengthen Local Healthcare
The government is transferring the oversight of national university hospitals to the Ministry of Health and Welfare to strengthen local and essential healthcare systems. This move is part of a comprehensive inter-agency strategy aimed at preventing suicides related to social isolation and caregiving burdens. The Ministry of Health and Welfare, along with the Ministry of Education and other relevant agencies, reported these plans during a Cabinet meeting. During the Cabinet meeting held on August
Nvidia Reduces HBM in Next-Gen AI Chip, UBS Predicts Increased Demand and Prices
Nvidia is expected to see an increase in overall demand for high-bandwidth memory (HBM) next year, despite reducing the memory capacity of its next-generation AI chip, the Rubin Ultra. While the amount of HBM per chip may decrease, Nvidia is anticipated to supply more products, leading to an overall increase in HBM usage.On August 10, Timothy Arcuri, a UBS analyst, stated in a report, "It appears that Nvidia is pursuing a 'de-spec' strategy for the Rubin Ultra specifications." He added, "While t
Investment Barriers Increase for Single-Stock Leveraged ETFs in South Korea
Individual investors face higher barriers to entry for single-stock leveraged exchange-traded funds (ETFs) and exchange-traded notes (ETNs) in South Korea. This change comes as the minimum deposit requirement has been raised and new investors are now required to complete simulated trading before they can invest.According to the Korea Exchange, starting August 19, individual investors trading single-stock leveraged and inverse ETFs and ETNs for the first time will be required to complete a mandat
Suwon Mayor Requests Inclusion of Shinbundang Line Extension in National Rail Plan
"We request the inclusion of the 'Shinbundang Line extension from Suwon to Uiwang, Gunpo, and Ansan' in the 5th National Rail Network Construction Plan," said Suwon Mayor Lee Jae-jun, along with Uiwang Mayor Kim Seong-je, Gunpo Mayor Han Dae-hee, and Ansan Deputy Mayor Heo Nam-seok, during a joint proposal announcement on August 11 at the Gyeonggi Provincial Assembly briefing room.They emphasized that the extension of the Shinbundang Line, starting from Gwanggyo in Suwon and connecting to Uiwang
KOSPI Rises Over 1% as Samsung Electronics Gains More Than 5%
The KOSPI has rebounded from an early decline, expanding its gains to over 1%. Samsung Electronics surged more than 5%, supported by net buying from foreign and institutional investors, which lifted the index. In contrast, the KOSDAQ initially rose above 870 but later returned to a slight decline.As of 1:34 PM, the KOSPI was trading at 6,392.91, up 93.25 points (1.48%) from the previous trading day. The index opened down 59.60 points (0.95%) at 6,240.06 and fell to 6,213.78 early on, but turned