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KOSPI Falls Below 6200 Amid Increased Foreign Selling; KOSDAQ Also Weakens KOSPI Falls Below 6200 Amid Increased Foreign Selling; KOSDAQ Also Weakens

The KOSPI started strong on August 7, rising over 1% in early trading, but reversed course as foreign selling intensified. The KOSDAQ also showed weakness, dropping more than 2% due to simultaneous selling by foreign and institutional investors.According to the Korea Exchange, as of 1:31 PM, the KOSPI was down 54.45 points (0.86%) at 6241.93. The index opened at 6365.07, up 68.69 points (1.09%) from the previous close, but turned downward during the session, widening its losses.In the securities

Minister Kim Seong-hwan Inspects Water Supply for Semiconductor Complex in Honam Region Minister Kim Seong-hwan Inspects Water Supply for Semiconductor Complex in Honam Region

Minister of Climate, Energy and Environment Kim Seong-hwan visited the Gwangju No. 1 Wastewater Treatment Plant to assess plans for supplying 300,000 tons of recycled wastewater daily to ensure a stable industrial water supply for the semiconductor complex in the Honam region. This initiative aims to address uncertainties in water supply due to climate change while also improving the water quality of the Yeongsan River.The ministry announced that Minister Kim would visit the Gwangju No. 1 Wastew

Nvidia Considers Reducing Memory Capacity for Rubin Ultra Amid HBM Shortage Nvidia Considers Reducing Memory Capacity for 'Rubin Ultra' Amid HBM Shortage

Nvidia is exploring options to reduce the memory capacity of its next-generation artificial intelligence (AI) chip, 'Rubin Ultra,' in response to a shortage of high-bandwidth memory (HBM). On August 6, U.S. technology news outlet The Information reported, citing three sources, that Nvidia has tested at least three prototypes of Rubin Ultra with varying memory capacities in recent weeks. Some prototypes are equipped with 192 gigabytes (GB) of HBM per graphics processing unit (GPU), while others f

President Lee Awards Promotion Certificates to Newly Promoted Generals President Lee Awards Promotion Certificates to Newly Promoted Generals

President Lee Jae-myung awarded promotion certificates to newly promoted generals during a ceremony at the Blue House on August 7.During the event, the president presented certificates to Army General Lee Sang-ryul (Commander of Ground Operations), Air Force Lieutenant General Park Heung-jae (Head of the Air Force Academy), Army Lieutenant General Yoon Han-il (Chief of Staff of the Ground Operations Command), and Navy Lieutenant General Jo Chung-ho (Vice Chief of Naval Operations), congratulatin

Anti-Corruption Agency Recovers Record 129.6 Billion Won in Fraudulent Payments Anti-Corruption Agency Recovers Record 129.6 Billion Won in Fraudulent Payments

Last year, the total amount of government funds recovered due to fraudulent claims from central administrative agencies, local governments, and education offices reached a record 129.6 billion won.The Anti-Corruption and Civil Rights Commission announced the results of its 'Public Finance Recovery System Compliance Inspection' on August 7.According to the commission's findings, a total of 141,781 cases of fraudulent claims were detected last year, leading to the recovery of 129.6 billion won. Ad

Dev Sisters Reports 2nd Quarter Operating Loss of 16 Billion Won Dev Sisters Reports 2nd Quarter Operating Loss of 16 Billion Won

Dev Sisters, the developer of the 'Cookie Run' series, has reported a shift to an operating loss in the second quarter due to decreased revenue from the restructuring of its live games. The company plans to improve its performance starting in the third quarter through cost efficiency, new game releases, and global expansion of existing titles.On August 7, Dev Sisters announced that it recorded an operating loss of 16 billion won for the second quarter, marking a transition to a loss compared to

Education Ministry Proposes Free Tuition for National Universities, Sparking Outcry from Private Colleges Education Ministry Proposes Free Tuition for National Universities, Sparking Outcry from Private Colleges

The Education Ministry has officially announced plans to significantly expand national scholarships for new students at regional national universities starting next year, effectively pushing for free education. This move has sparked strong backlash from regional private colleges. The timing of the announcement, just one month before the early admissions application period, has raised concerns that it will lead to an influx of students toward national universities, representing a clear interventi

Young Artists Reimagine The Three Little Pigs Young Artists Reimagine 'The Three Little Pigs'

Young artists are intentionally deconstructing the familiar tale of 'The Three Little Pigs.' The story of pigs and a wolf is pushed aside in favor of questions that blur the lines between performance art, installation, reality and illusion, memory and the present.The musical 'So the Wind Blows, and I Ate My Two Brothers,' which flips the original fairy tale on its head, will be staged at the Sejong Center in Seoul from August 15 to 17. Lee Ha-neul serves as the director, music director, and comp

Wiesung-rak Meets U.S. Ambassador Michelle Steel to Discuss U.S.-South Korea Relations Wiesung-rak Meets U.S. Ambassador Michelle Steel to Discuss U.S.-South Korea Relations

Wiesung-rak, the head of South Korea's National Security Office, met with newly appointed U.S. Ambassador Michelle Steel on August 4 for their first meeting, which served as an introductory session.According to the Blue House on August 7, Wiesung-rak and Ambassador Steel exchanged greetings and discussed ways to enhance U.S.-South Korea relations. On the same day, Steel visited the Ministry of Foreign Affairs to meet with Minister Park Jin.While the meeting was primarily a courtesy call, it appe

Typhoon Dolphin Approaches Japans Okinawa and Amami Islands, Expected to Land in China Typhoon Dolphin Approaches Japan's Okinawa and Amami Islands, Expected to Land in China

Large Typhoon 13, named Dolphin, is approaching Japan's Amami region and Okinawa with strong winds and high waves. The typhoon is expected to pass north of Okinawa's main island in the afternoon after approaching the Amami region in the morning. It is forecasted to slow down and move westward across the East China Sea on the 9th, making landfall in China's central region around the 11th. According to the latest projected path, the likelihood of direct impact on the Korean Peninsula is low. As