IBK Bank's Business Plus Card Gains Popularity Among Small Business Owners
As it becomes increasingly difficult to find credit cards with attractive benefits, a "hidden gem" card is gaining traction among small business owners. Without any major advertising, IBK Bank's "Business Plus Card" for small businesses has reached a cumulative issuance of 20,000 cards.According to the financial sector on August 6, over 9,000 cards were issued in the five months since the card's re-launch in March. The total number of cards issued since July of last year stands at 19,965, and it
KOSPI Experiences Extreme Volatility Despite New Regulations
Last year, the average daily return volatility of the KOSPI was 1.4%. However, in the first half of this year, the volatility surged to 3.6%, nearly doubling. This is the highest level among major global stock markets, indicating a significant number of days with sharp rises and falls. The 'single-stock leverage' (referred to as '단종레') has been identified as a major contributor to this volatility. Yet, even after the implementation of regulations on July 30, including an increase in the basic
Ruling Party: Major Asset Management Firms Lack Incentives for Stewardship Code Activities
The Democratic Party stated on August 6 that "major asset management firms claim they have no incentives to engage in stewardship code activities compared to smaller firms."Kim Nam-keun, a member of the Democratic Party's K-Capital Market Special Committee, spoke to reporters after a meeting with the Financial Services Commission, the Ministry of Health and Welfare, and the National Pension Service to review the implementation of the National Pension's stewardship code. He noted, "It is common f
Homeplus Prepares to Reopen 67 Stores After Securing Emergency Funds
Homeplus has initiated the reopening of 67 stores after securing 200 billion won in emergency operating funds. The stores will begin a soft opening on August 7, during which product displays and facility checks will take place, with full operations set to commence on August 13.On August 6, the Homeplus store in Cheonho-dong, Gangdong-gu, Seoul, buzzed with activity after being closed for nearly three weeks. The sounds of refrigeration units, which had been silent for a long time, filled the base
Red Cap Tour Reports Record Q2 Operating Profit of 15.7 Billion Won
Red Cap Tour achieved its highest-ever quarterly performance in the second quarter, driven by improved profitability in its rental car business and a recovery in corporate travel demand.On August 6, Red Cap Tour announced that its consolidated revenue for the second quarter reached 98.2 billion won, with an operating profit of 15.7 billion won. This represents a 3.6% increase in revenue and a 16.3% rise in operating profit compared to the same period last year. Net profit also grew by 22.2% to 9
CJ Freshway Reports 4.5% Revenue Growth in Q2, Driven by 'Sikbom' Platform
CJ Freshway continued its revenue growth in the second quarter, driven by an increase in food distribution and catering services despite a slowdown in the dining sector. The company's online business, particularly the B2B food distribution platform 'Sikbom,' has seen rapid growth, contributing significantly to its expansion.On August 6, CJ Freshway announced that its consolidated revenue for the second quarter reached 923.2 billion won, with an operating profit of 23.5 billion won. This marks a
Political Parties Increase Pressure on Election Commission Amid Investigations
Political parties are intensifying pressure on the National Election Commission regarding the voter ballot shortages and other violations of voting rights that occurred during the June 3 local elections. Following the passage of an extension for the National Investigation Special Committee's activities on July 30, the atmosphere is building ahead of the upcoming third hearing.Choi Bo-yun, the chief spokesperson for the People Power Party, stated in a commentary on August 6, "The 'voter count man
Trump Denies Reports of U.S. Military Weapon Shortages, Vows to Pursue Leakers
President Donald Trump has strongly denied reports that U.S. military weapon stockpiles are dwindling, stating that he is tracking down insiders who leaked the information.On August 6, Trump posted on social media platform Truth Social, asserting, "The United States has a tremendous amount of weapons, especially certain types, and large quantities are being produced and supplied to the U.S. as needed."He added, "Defense contractors are building the most factories and production facilities in U.S
People Power Party Calls for Strict Disciplinary Action Against Lawmakers Over Controversial Remarks
국민의힘이 6일 '부산 돌려차기 사건' 피해자가 참석한 국회 토론회에서 부적절한 발언으로 논란을 일으킨 서범수·진종오 의원에 대해 "윤리위원회를 통한 엄중한 조치가 필요하다"고 밝혔다. 앞서 징계 절차가 개시된 조경태·권영진·진종오 의원에 이어 서 의원까지 징계 대상에 포함되면서 징계 정국이 확대되는 모습이다. 국민의힘은 이날 오전 국회에서 열린 최고위원회의에서 '돌려차기 실언'에 대해 논의한 것으로 알려졌다. 최보윤 수석대변인은 최고위 회의를 마친 뒤 기자들과 만나 "보완수사권 폐지 관련 토론회 발언에 대한
K-Bonghwa Vietnam Valley Special Zone Designated to Boost Local Economy
A new 'K-Vietnam Valley Special Zone' will be established in Bonghwa, North Gyeongsang Province, as part of the government's initiative to increase tourism and resident population, thereby creating new growth engines for the region.The Ministry of SMEs and Startups announced on August 6 that it has designated the 'Bonghwa K-Vietnam Valley Special Zone' during the 60th Regional Specialized Development Zone Committee meeting.The Regional Specialized Development Zone system allows local governments