Gwangmyeong City Council Cancels Overseas Training Budget to Support Economic Recovery
Gwangmyeong City Council in Gyeonggi Province has decided to cancel all planned overseas training for council members this year and return the related budget.This decision reflects the ongoing reality of high inflation and economic recession, indicating a commitment to share the burden for economic recovery.According to the council, members recently held a meeting and agreed not to conduct any overseas business trips this year.As a result, the budget allocated for these trips will be fully reduc
Supreme Court Overturns Ruling on Yoon Suk Yeol's Meal and Movie Expenses
A lawsuit demanding the disclosure of meal and movie expenses incurred during Yoon Suk Yeol's presidency has seen a ruling from the lower courts overturned by the Supreme Court. The issue arose not from the classification of the information as confidential, but rather from the transfer of related documents to the Presidential Archives following Yoon's impeachment, raising questions about the legal standing of continuing the lawsuit against the presidential office.According to legal sources on Au
Bio ETFs Surge Amid Improved KOSDAQ Market Conditions
As the KOSDAQ market improves, bio-related exchange-traded funds (ETFs) have recently dominated the top returns. Analysts suggest that if capital continues to flow into the KOSDAQ, the strong performance of related ETFs is likely to persist due to the market's high concentration in bio stocks.According to KOSCOM ETF Check on August 7, the second highest return over the past week, excluding leveraged and inverse products, was Hyundai Asset Management's 'UNICORN K-Bio Active,' which rose by 24.90%
SK Hynix Plans 375 Won Dividend Amid Investor Discontent
SK Hynix is facing backlash from individual investors after announcing a quarterly dividend of 375 won per share for the second quarter of 2026.According to a disclosure on the Financial Supervisory Service's electronic disclosure system (DART) on August 7, SK Hynix declared a cash dividend of 375 won per common share. The market dividend rate stands at 0.02%, with the total dividend amounting to approximately 273.3 billion won. The record date for the dividend is August 31.Following the announc
Conflict Resurfaces at Hanmi Group Amid Management Disputes and Corporate Card Allegations
Conflicts between the owner family and major shareholders of Hanmi Group are intensifying once again. A court's decision to place a provisional seizure on shares held by Im Joo-hyun, vice chair of Hanmi Science, has reignited the management dispute, compounded by allegations regarding the corporate card usage by Song Young-sook, chair of Hanmi Group, and controversies over internal data leaks. Since the passing of the late founder Im Sung-ki in 2020, the management conflict among siblings and be
Retail Investors Favor AI Semiconductors While Foreign Investors Shift to Defense and Bio
As volatility increases in the domestic stock market, the investment strategies of individual and foreign investors are diverging significantly. Individual investors continue to focus on artificial intelligence (AI) semiconductors, while foreign investors are turning their attention to the defense, bio, and automotive sectors. Institutional investors are selectively investing in power infrastructure and construction.According to the Korea Exchange, from August 3 to August 7, the top stocks purch
Coway Reports 4.3% Increase in Q2 Operating Profit
Coway announced on August 7 that its consolidated revenue for the second quarter reached 1.44 trillion won, a 14.6% increase compared to the same period last year. Operating profit rose to 253.2 billion won, up 4.3% year-on-year.For the first half of the year, Coway's cumulative revenue was 2.77 trillion won, reflecting a 13.9% increase from the previous year, while operating profit grew by 11.1% to 504.1 billion won.In the second quarter, Coway's domestic business revenue achieved 786.8 billion
SK Hynix to Invest 54 Trillion Won in New Semiconductor Facilities
SK Hynix will invest a total of 54 trillion won in new semiconductor production facilities in Yongin and Cheongju to meet the surging demand for memory in the age of artificial intelligence (AI). The company anticipates a structural increase in demand for next-generation DRAM, including high-bandwidth memory (HBM), and enterprise SSDs, prompting proactive measures to secure large-scale production capacity.On August 7, SK Hynix announced during a board meeting that it has approved investments of
High Oil Prices and Exchange Rates Lead to Jin Air's 2nd Quarter Operating Loss of 73.1 Billion Won
Jin Air reported a revenue of 360.3 billion won for the second quarter of this year, a 17.7% increase compared to the same period last year.However, the airline recorded an operating loss of 73.1 billion won, which is 30.8 billion won larger than the loss of 42.3 billion won from the previous year.The net loss for the second quarter also increased to 67.5 billion won, compared to a loss of 15.7 billion won in the same quarter last year.For the first half of the year, cumulative revenue reached 7
Dunamu Wins Contract to Manage Seized Virtual Assets for Police Agency
Dunamu has secured a contract with the National Police Agency to manage and store seized virtual assets.On August 7, Dunamu announced that it was selected as the final bidder for the 'Seized Virtual Asset Storage and Management Project' initiated by the police agency.The project aims to establish a secure storage and efficient management system for seized virtual assets. Dunamu received the highest technical evaluation score of 94.14 points in a competitive bidding process conducted by the Publi