As the Democratic Party and the government continue to misalign on economic policies related to real estate, finance, and taxation, the opposition is launching a vigorous attack. The People Power Party has reactivated its special committee on real estate policy after a 10-month hiatus to focus on what it sees as the Achilles' heel of the progressive government.On August 9, People Power Party leader Jang Dong-hyuk stated on Facebook, "What young people want is a proper financial market that preve

The Houthi rebels claimed to have attacked Saudi Arabia's state-owned oil company Aramco's Jizan refinery using drones.On August 9, Yahya Saree, a military spokesperson for the Houthi rebels, stated, "We successfully struck the Aramco refinery in Jizan with drones," adding that the attack was carried out with precision. He claimed the assault was a response to Saudi incursions into northwestern Yemen.Saudi authorities reported a fire at a facility associated with the Aramco refinery in Jizan ear

As travelers plan trips to Japan for the upcoming Liberation Day holiday, they should be aware of increased travel costs. The departure tax, known as the international tourism passenger tax, has tripled since last month.According to Japan's Ministry of Finance and the National Tax Agency, the tax was raised from 1,000 yen to 3,000 yen per person starting July 1.This tax applies to travelers departing Japan, including both foreign tourists and Japanese citizens traveling abroad.Japan introduced t

SK Hynix is set to make a massive investment of approximately 54 trillion won to expand its cutting-edge artificial intelligence (AI) memory production facilities in Yongin and Cheongju. The company plans to optimize its assets by selling its less profitable production line in Chongqing, China, while enhancing its capacity to meet the growing demand for high-bandwidth memory (HBM) and next-generation NAND flash. According to industry sources, SK Hynix's board recently approved new investments to

Samsung Electronics is ramping up its heating, ventilation, and air conditioning (HVAC) business. This year, the company has participated in major exhibitions in North America and Europe, secured large overseas contracts, and launched heat pumps domestically, all aimed at developing a new growth engine to counteract poor performance in its device experience (DX) division.On August 9, Samsung announced a partnership with the Oak Ridge National Laboratory under the U.S. Department of Energy to dev

South Korean mid-sized automakers are increasingly dependent on China. The use of Chinese technology in new car development is growing, along with an expansion of capital influence. Concerns are being raised about the weakening of independent research and development capabilities.According to a report released on August 9 by the Financial Supervisory Service, Renault Korea's purchases of vehicles, parts, and technology from China's Geely Group amounted to 952.7 billion won last year, an 82% incr

Major South Korean shipbuilders have met their shipping order targets for the year ahead of schedule, shifting their focus in the second half to profitability rather than volume. With several years' worth of work already secured, they plan to fill remaining dock space with high-value liquefied natural gas (LNG) carriers, eco-friendly vessels, and offshore plants.According to the shipbuilding industry on August 9, Samsung Heavy Industries has achieved its shipping order target early this year. As

A data breach has occurred at the economic content platform Sampro TV, resulting in the exposure of user personal information.On August 9, the operating company, E-Broadcasting, announced that an external actor illegally accessed the Sampro TV application in early August 2026 and viewed some users' personal information without authorization. They clarified that the personal data of YouTube channel subscribers is unrelated to this incident.E-Broadcasting initiated an investigation immediately aft

Jang Eun-soo celebrated her first victory on the Korea Ladies Professional Golf Association (KLPGA) Tour after a decade since her debut.On August 9, at the Teddy Valley Golf & Resort in Seogwipo, Jeju Island, Jang shot a 3-under-par 69 in the final round of the KLPGA Tour Jeju Samdasoo Masters, finishing with three birdies and no bogeys.With a total score of 14-under 274, Jang edged out Kang Chae-yeon and Moon Jeong-min, who both finished at 13-under 275, by one stroke. This marks her first win