The Kibo Technology Guarantee Fund announced on August 10 that it has signed a memorandum of understanding with IM Bank to support merger and acquisition (M&A) guarantee fee assistance aimed at promoting business succession and technological innovation.Under this agreement, Kibo will provide a total of 14.3 billion won (approximately $10.8 million) in guarantee fee support based on IM Bank's guarantee fee assistance. IM Bank will support the guarantee fees for two years.The support is aimed at a

The Korea Institute for Health and Social Affairs reported that South Korea ranked 19th out of 38 countries in the OECD's revised Better Life Index (BLI). While the country excelled in material and objective indicators such as housing and education, it fell to the bottom tier in areas like labor conditions, social isolation, and subjective life satisfaction, revealing significant vulnerabilities in Korean society. Experts emphasized the need for national efforts to address issues of inequality a

The Korea Aerospace Agency (KASA) is officially launching the development of a national space data center in response to the era of artificial intelligence (AI).On August 10, KASA held the 9th SOS meeting at the Rebellion headquarters in Bundang, Gyeonggi Province, with stakeholders involved in space data center technology. The meeting aimed to assess the technological capabilities of the domestic industry for the successful development of the national space data center and to formulate policies

The KOSPI and KOSDAQ both closed higher, with the KOSDAQ showing significant strength. The KOSPI opened more than 2% higher, approaching the 6,400 mark, but most of its gains were erased as foreign selling intensified. In contrast, the KOSDAQ surged nearly 7% as buying focused on growth stocks, including bio, secondary battery, and semiconductor sectors.According to the Korea Exchange, the KOSPI finished at 6,299.66, up 40.89 points (0.65%) from the previous trading day. The index started the da

Chonbuk National University Hospital is taking steps to integrate generative artificial intelligence (AI) into its clinical research efforts. The initiative aims to enhance the efficiency of researchers' tasks, such as writing papers and conducting literature searches, while also expanding the use of AI to clinical trials, extensive data analysis, and ultimately, patient care and community health management.The hospital's Functional Food Clinical Trial Support Center held a seminar on August 3,

Hana Bank is taking steps to support independence activists and their descendants as South Korea marks the 81st anniversary of its liberation.On August 10, Hana Bank announced that it has signed a memorandum of understanding with the Korean Liberation Association to promote support initiatives for independence activists and their descendants.This agreement aims to utilize the profits generated from the 'National Love Public Trust,' which Hana Bank established in 2015 to commemorate the 70th anni

On August 10, the Chinese stock market closed higher, driven by expectations of stimulus measures. The Shanghai Composite Index rose 0.67% to 3,966.59, while the Shenzhen Component Index increased by 0.04% to 14,316.96. The ChiNext Index, however, fell by 0.73% to 3,537.21.According to the National Bureau of Statistics of China, the Producer Price Index (PPI) for July increased by 3.5% compared to the same month last year. This figure is lower than the 4.1% increase in June and the 3.8% forecast

Hanmi Group has conducted a healthy lunchbox distribution activity for local children as part of its employee participation social contribution campaign.On July 26, Hanmi Pharmaceutical announced that its new employee training participants engaged in a social contribution (CSR) activity to create 'healthy lunchboxes' at the Bloom Vista Hotel in Yangpyeong, Gyeonggi Province.This initiative is the second distribution activity of the 'Hanmi Health & Hope' campaign, which was launched in February.

The Korea Food and Drug Administration (KFDA) will hold training sessions to enhance understanding of the drug approval and patent linkage system among the pharmaceutical and biotech industries.The KFDA announced on August 10 that it will host the "2026 Second Half Drug Approval and Patent Linkage System Training" for industry representatives from September 2 to 3 at COEX in Gangnam, Seoul.The training will be divided into a general course for new personnel and an advanced course for experienced