China's Haiyang in Shandong Province has successfully conducted its first sea launch using a locally assembled rocket and developed satellites, marking a significant step in fostering its commercial space industry. On August 5, at 10:38 a.m., the Jielong 3 Yao 12 carrier rocket was launched from waters near Haiyang, successfully placing the Dongfang Huiyan high-resolution spectral satellites 01 and 02 into their intended orbits. The two satellites, named Jinshanxing and Yingshanxing, were develo

The Zhaisan (磁山) AI Valley in Yantai, Shandong Province, is emerging as a new key hub for the artificial intelligence (AI) industry. The AI Valley is a leading AI industrial complex covering 232,000 square meters, with a total investment of 1.8 billion yuan (approximately $378.5 million). Major companies in the field, including IBM, DingTalk, and OpenHarmony, have established a presence there, forming an industrial ecosystem. This complex integrates research and development, business incubatio

Park Kwan-yeol, the mayor of Gwangju, emphasized on August 10 that "listening to voices from the field is the starting point for problem-solving." On this day, Mayor Park visited local businesses as part of the 'Direct Field Engagement for 100 Days,' a key initiative of his administration aimed at enhancing communication. He inspected air pollution emission facilities and environmental management practices while addressing the concerns of business owners. During his visit to facilities with

Homeowners of non-residential single homes in the Han River Belt, including Mapo and Seongdong districts, are grappling with complex decisions regarding ownership, sales, and actual residency following recent tax reforms. While the reforms expand the basic exemption for resident homeowners, non-residents face increased tax burdens. With lending restrictions limiting buyer activity, many find it challenging to sell or rent their properties.According to real estate agencies in the Mapo area, inqui

Naver is partnering with the National Institute for Lifelong Education to create AI and digital lifelong education content. The initiative aims to provide an environment where senior users can easily and conveniently utilize artificial intelligence (AI) and digital services in their daily lives.On August 7, Naver announced that it signed a memorandum of understanding (MOU) with the National Institute for Lifelong Education at Naver 1784. The agreement aims to enhance the AI and digital capabilit

Fourteen out of 35 redevelopment projects in Seoul have not secured contractor guarantees for additional relocation funds. With the loan-to-value (LTV) ratio capped at 40%, many members of the associations are finding it difficult to secure new housing with only the basic relocation funds. Contractor guarantees are seen as a crucial alternative for obtaining additional financing, but construction companies are hesitant to provide them due to concerns over their own financial obligations and cred

Global running shoe brand HOKA's domestic distributor, Joyworks, saw its former CEO, Cho Seong-hwan, publicly address an assault incident involving a former business partner nearly eight months after it occurred. During a press conference on August 10 at the Koreana Hotel in Seoul, Cho acknowledged his responsibility for the assault while asserting that the victims had approached him with the expectation of violence. He also claimed that there were vested interests behind the incident related to

The turnover rate of demand deposits in the banking sector has decreased for two consecutive months. This decline is attributed to increased domestic and international uncertainties and heightened volatility in the stock market, leading households and businesses to postpone investments and spending. Some of the idle funds are shifting to time deposits, which offer higher interest rates.According to the Bank of Korea on August 10, the turnover rate for demand deposits at deposit banks was recorde

Recent data from the apartment subscription market reveals a stark contrast in competition rates between Seoul and regional areas, with Seoul's rate exceeding that of the provinces by more than seven times. However, performance varied significantly across different regions and complexes, indicating a shift towards a more selective approach based on housing type.According to data released on August 10 by the Korea Real Estate Agency, a total of 33 apartment complexes that completed general supply