Ruling Party Urges Opposition to Support Livelihood Bills Ahead of August 13 Session
The Democratic Party has called on the opposition People Power Party to support the passage of livelihood bills ahead of the plenary session scheduled for August 13. The party criticized the opposition for attempting to delay the recount scheduled for August 18, stating they are merely changing conditions to buy time.Han Byeong-do, the party's acting leader and floor leader, made these remarks during a policy meeting at the National Assembly on August 11. He questioned, "What is the intention be
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, drawing on 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, operational systems, professional staffing, and user-centered services. Currently visiting Germany, Mayor Lee is experiencing advanced marine healing a
Youth Housing Policy Faces Criticism Amid Tax Evasion Tactics in Gangnam
Hwang Hee, a member of the Democratic Party, has proposed a controversial youth housing initiative known as the 'Bus House,' which has sparked significant criticism and satire. Concurrently, a new tax evasion strategy called 'housing exchange' has emerged in the high-end real estate market of Gangnam, highlighting the stark disparities in the housing market.On August 11, various online communities and social media platforms saw a surge in parodied images of the 'Bus House.'One image, released un
Zelensky Claims Russia Prepares to Deploy More North Korean Troops, Urges Military Aid from South Korea
Ukrainian President Volodymyr Zelensky claimed on August 10 that "Russia is preparing to deploy additional North Korean troops on its territory," raising concerns about increased risks for regional countries, including South Korea, Japan, and the Philippines. He reiterated the need for military cooperation with South Korea.North Korea May Deploy Up to 50,000 Troops, Zelensky WarnsAccording to the Ukrainian presidential office, Zelensky stated in a public address that "Russia, unable to secure a
Intel's Planned Capital Increase May Exceed $20 Billion Amid Strong Demand
Intel, the American semiconductor company, is preparing for a capital increase that may exceed $20 billion (approximately 28.27 trillion won), more than one-third larger than initially planned, according to a report by Bloomberg on August 10, citing sources.Reports indicate that Intel is planning the offering price at $95 per share or higher. If set at $95, this would be about 2.6% lower than Intel's closing price of $97.52 on the New York Stock Exchange that day.One source noted that demand has
KOSPI and KOSDAQ Recover After Early Declines
The KOSPI and KOSDAQ indices have rebounded after starting the day in decline. The KOSPI rose over 3% as Samsung Electronics regained the 6,300-point mark, while the KOSDAQ surpassed 870 points during trading.As of 10:29 a.m. on August 11, the KOSPI was trading at 6,330.96, up 31.30 points (0.50%) from the previous trading day. The index opened at 6,240.06, down 59.60 points (0.95%), and fell more than 1% early on before turning upward around 10:14 a.m. It later peaked at 6,377.38.Individual and
Exchange Rate Fluctuates in the 1410 Won Range Amidst Stalled Hormuz Negotiations
The won-dollar exchange rate remains in the 1410 won range. As of 10:27 a.m. in the Seoul foreign exchange market, the exchange rate is 1,413.4 won against the U.S. dollar. Earlier in the morning, the rate was trading at 1,418.3 won, down 0.1 won from the previous session. Overnight, U.S. stocks fell amid uncertainty surrounding negotiations between the U.S. and Iran regarding the reopening of the Hormuz Strait. The Dow Jones Industrial Average closed down 60.95 points (-0.11%) at 53,975.98. The
Ulsan City Conducts Comprehensive Survey on Government Advertising Media Influence
Ulsan Metropolitan City has initiated a survey to assess the influence and reach of various media outlets for the effective execution of government advertising.The city is examining a wide range of metrics, including traditional indicators such as newspaper circulation and television ratings, as well as digital metrics like reach, unique visitors (UV), page views (PV), partnerships with portal sites, YouTube subscribers, and views, along with the number of articles and special reports related to
Korean Pharmaceutical and Bio Association to Host 10th 'K-SPACE STATION' Focusing on Next-Gen ADC Technology
The Korean Pharmaceutical and Bio Association is set to create a platform for sharing next-generation antibody-drug conjugate (ADC) technology and collaboration strategies.The association announced on August 11 that it will hold the 10th 'K-SPACE STATION' on the 20th at its headquarters in Seocho-gu, Seoul.K-SPACE STATION is a technology exchange event aimed at revitalizing the open innovation ecosystem by sharing and exploring the application of fundamental and cutting-edge technologies from in
LK Samyang Hits Upper Limit for Second Consecutive Day Amid Drone Business Hopes
LK Samyang has recorded its upper limit for the second consecutive day. Following news of the construction of the second space center, the company gained attention as a space-related stock, and further interest surged with the announcement that it will supply camera modules for the Ministry of National Defense's drone project.As of 10:29 a.m. on August 11, LK Samyang's stock was trading at 1,055 won, up 29.93% (243 won) from the previous trading day. After closing at the upper limit the day befo