Special Prosecutors Summon Lee Jin-woo Over Martial Law Allegations
The second special investigation team, led by Special Prosecutor Kwon Chang-young, has summoned former Defense Command Chief Lee Jin-woo to investigate allegations related to the establishment of the Guardian Task Force (TF) within the Army's Capital Defense Command. The task force is suspected of being deployed to the National Assembly on the day of the martial law declaration. The special prosecutors aim to determine whether Lee created a separate military system that operated outside the cont
Trip.com Group Releases Sustainability Report, Accelerates ESG Management
Trip.com Group, which operates the travel platform Trip.com, has released a sustainability report that encompasses achievements in climate action, community collaboration, and tourism industry innovation, further advancing its environmental, social, and governance (ESG) management efforts.In this report, Trip.com Group reaffirms the values of its sustainability management framework, the 'Friendly Four' (stakeholders, community, family, and environmental friendliness). The company aims to build a
U.S. Imposes 15% Tariff on Polysilicon Derivatives; Government Assesses Impact
The U.S. government has introduced a minimum import price system for polysilicon and its derivatives, imposing a 15% tariff on products such as ingots, wafers, and solar cells. In response, the South Korean government is assessing the impact on domestic companies and preparing countermeasures.On August 11, the Ministry of Trade, Industry and Energy held a meeting at the Korea Chamber of Commerce and Industry, chaired by Deputy Minister Park Jeong-seong, to discuss responses to the U.S. governmen
South Korea and Tajikistan Strengthen Cooperation on Critical Minerals
South Korea and Tajikistan are set to enhance cooperation in the critical mineral supply chain and the industrial and technological sectors. Discussions are underway to establish a regular cooperation channel in the industrial sector and to sign a memorandum of understanding (MOU) between the two countries during the first Korea-Central Asia Summit scheduled for September. The Ministry of Trade, Industry and Energy announced that Deputy Minister Moon Shin-hak met with Isozon Kurbonzoda, the Fir
South Korea's Coffee Industry Grows to 3.7 Trillion Won, Driven by Bean Coffee
South Korea's coffee industry has shown significant growth, expanding to a market size of 3.7 trillion won. The rapid transformation of the market is attributed to consumers' evolving preferences and a focus on value.According to an analysis of coffee industry and consumption trends released on August 11 by the Ministry of Agriculture, Food and Rural Affairs and the Korea Rural Economic Institute, the total market size of the domestic coffee industry is projected to reach 3.7359 trillion won in
Unclaimed Lotto Winnings Reach 58.1 Billion Won; Automatic Payments Available via Payco
By registering paper lottery tickets in the Payco app, users will receive regular notifications about their winnings, and unclaimed prizes will be automatically deposited on the payment deadline.The Ministry of Economy and Finance's Lottery Commission held its 191st meeting on August 11, where it approved amendments to guidelines regarding the issuance, management, and sale of lotteries.The automatic payment system for unclaimed winnings will begin operating on August 18. Users who pre-register
Kolon Life Science Earns EcoVadis Gold Medal, Ranking in Top 3% Globally
Kolon Life Science has received a Gold Medal from EcoVadis, a global sustainability assessment organization.On August 11, Kolon Life Science announced that it has been recognized in the top 3% of global Environmental, Social, and Governance (ESG) evaluations after earning the Gold Medal from EcoVadis.EcoVadis evaluates companies worldwide across four categories: environment, labor and human rights, ethics, and sustainable procurement. Since 2024, it has strengthened its assessment criteria by ap
Samjin Pharmaceutical Appoints Kim Dae-hyun as Head of Consumer Healthcare Division
Samjin Pharmaceutical has appointed Kim Dae-hyun, former head of OTC marketing at Dongwha Pharmaceutical, as Executive Director to strengthen its Consumer Healthcare (CH) division. Kim will oversee the CH division, focusing on enhancing the competitiveness of key brands such as 'Geborin' and 'Anjeong-yeok' while identifying new growth opportunities. A graduate of Seoul National University’s College of Pharmacy, Kim has extensive experience in the field, having worked in hospitals and pharmacie
CJ CheilJedang Reports 10% Revenue Growth Driven by K-Food Sales, Operating Profit Declines 18%
CJ CheilJedang reported a double-digit revenue growth in the second quarter, fueled by increased overseas sales of global strategic products (GSP) such as dumplings and Hetbahn, along with a recovery in its bio business. However, domestic sluggishness and rising costs due to high oil prices led to a decline in operating profit.On August 11, CJ CheilJedang announced that its operating profit, excluding CJ Logistics, was 161.9 billion won, with revenue reaching 4.195 trillion won. Compared to the
Ansan Mayor Lee Min-keun Aims to Establish Unique Marine Healing Center
Lee Min-keun, the mayor of Ansan, expressed his commitment on August 9 to establish a unique marine healing foundation in Ansan by leveraging the experiences from Usedom, a prominent marine healing resort in Germany. During his visit, Mayor Lee toured the Usedom Marine Healing Center and a rehabilitation hospital, examining local healing programs, facility operations, professional staffing, and user-centered services. Currently in Germany, Mayor Lee is experiencing advanced marine healing a