Labor Department Launches Investigation into Fatal Machinery Accident at HL Mando
The labor authorities have initiated a forced investigation related to a machinery accident that resulted in the death of a subcontracted worker in his 20s.According to the Ministry of Employment and Labor, the Pyeongtaek branch of the Gyeonggi Provincial Employment and Labor Office and the Southern Gyeonggi Police Agency conducted a search and seizure at the HL Mando factory in Pyeongtaek, Gyeonggi Province, on July 22, in connection with the death of Kim Seung-mo.This search comes 16 days afte
Posco Future M Shares Rise 6% on Long-Term Supply Deal for LFP Cathodes
Posco Future M is experiencing a surge in stock prices following news of a long-term supply agreement for lithium iron phosphate (LFP) cathodes with domestic battery manufacturers. The announcement of a large-scale supply plan to meet the growing demand in the North American energy storage system (ESS) market has also led to increased buying interest in related secondary battery stocks.As of 9:36 a.m. on the Korea Exchange, Posco Future M shares were trading at 157,300 won, up 9,800 won (6.64%)
Economic Groups Welcome New Domestic Production Tax Credit
Economic groups have expressed their support for the inclusion of a domestic production tax credit in the government's 2026 tax reform plan. They anticipate that this new measure will contribute to the expansion of domestic production in advanced strategic industries and job creation, urging the government to quickly establish detailed criteria.On August 7, six economic organizations issued a joint statement welcoming the government's decision to incorporate a domestic production tax credit aime
Seragem Proves Blood Circulation Improvement with 'Celtron Circulation Chair'
Seragem has demonstrated the blood circulation improvement effects of its medical device, the Celtron Circulation Chair.According to Seragem, a clinical study showed that after a single 30-minute use of the Celtron Circulation Chair, blood flow in the back of the hand increased by 8.01% compared to before use, confirming its effectiveness in enhancing blood circulation.The Celtron Circulation Chair is a chair-type medical device that applies Seragem's advanced technology. It has been certified b
GC Green Cross Develops Advanced Analysis Technology for mRNA Vaccines
GC Green Cross has established its own platform for the precise analysis of the quality and stability of messenger RNA (mRNA) vaccines.On August 7, GC Green Cross announced that research analyzing the physicochemical stability and transformation mechanisms of mRNA lipid nanoparticle (LNP) vaccines has been published in the SCIE-level journal Pharmaceutical Research.mRNA technology offers the advantage of rapidly developing and producing vaccines during infectious disease outbreaks. However, mRNA
Lotte Shopping's Q2 Operating Profit Surges 121%, Driven by Department Store Sales
Lotte Shopping reported a more than double increase in operating profit for the second quarter, driven by a rise in foreign tourists and strong fashion sales. The department store division alone generated nearly 120 billion won in operating profit, surpassing the company's total operating profit. However, the mart, supermarket, and e-commerce divisions continued to incur losses, and Lotte Hi-Mart's operating profit also saw a significant decline, highlighting stark differences in performance acr
ByteDance Founder Urges Against AI Model Distillation
ByteDance, the Chinese tech giant, is emphasizing the importance of strengthening its long-term technological competitiveness.At a management meeting on August 6, ByteDance founder Zhang Yiming instructed that the use of competitors' models for 'distillation' in the development of its AI models be prohibited, according to a report by China Business News on August 7. Zhang had previously issued similar directives in internal meetings.Zhang emphasized that the ban on distillation may result in Byt
Korea Minting Corporation's Former CEOs Gather to Discuss Future Goals
The Korea Minting Corporation announced on August 7 that it held a meeting in Mapo-gu, Seoul, inviting former CEOs to discuss future development directions.The meeting included current President Seong Chang-hoon and six former CEOs: Park Won-chul (18th), Lee Hae-sung (19th), Jeon Yong-hak (20th), Yoon Young-dae (21st), Kim Hwa-dong (22nd), and Ban Jang-sik (24th). This gathering was organized to reflect on the management innovations implemented in response to declining currency demand as the com
Government to Ease Loan Regulations for Young Couples and First-Time Homebuyers
Deputy Prime Minister and Minister of Economy and Finance Ku Yun-cheol announced plans to ease loan regulations for young people, newlyweds, and low-income individuals without homes. The government will also introduce measures to increase housing supply, focusing on non-apartment units, which have shorter supply timelines.In a phone interview on MBC Radio's 'Kim Jong-bae's Focus,' Ku acknowledged the need to relax loan regulations, stating, "I empathize with the need to protect low-income and ge
Samsung Medical Center Earns Top Rating as 'World's Greenest Hospital'
Samsung Medical Center has received the highest rating of '5 Leaves' in the 'World's Greenest Hospitals 2026' evaluation conducted by Newsweek. Out of over 6,000 hospitals worldwide assessed in this evaluation, only 36 hospitals achieved the top rating.On August 7, Samsung Medical Center announced that it ranked in the top 0.6% of all hospitals evaluated, according to the results released on August 6 (local time). This year marks the first time Newsweek has conducted a global evaluation of eco-f