Busan to Select 550 Public School Teachers for 2027, 30% Decrease from Last Year
Busan's Education Office announced on August 5 that it will select 550 public school teachers for the 2027 academic year. This number represents a decrease of 234, or 29.8%, from the 784 teachers projected at the same time last year.The planned selection includes 191 teachers for early childhood, elementary, and special education (9 for kindergarten, 173 for elementary, 2 for special kindergarten, and 7 for special elementary). For secondary education, a total of 359 teachers will be selected (2
DB HiTek Transfers MEMS Equipment to MoaFab, Supporting National NanoFab Processes
DB HiTek is transferring micro-electromechanical systems (MEMS) processing equipment to MoaFab, a national integrated platform for nano fabrication. The move aims to expand the prototype production capabilities of research institutions and small fabless companies by providing manufacturing equipment previously used by the company.On August 6, DB HiTek announced that it signed an agreement for the transfer of semiconductor equipment at its Sangwoo Campus in Eumseong, North Chungcheong Province, w
President Lee Calls for Accelerated Youth Policies Focused on Education, Employment, and Marriage
President Lee Jae-myung stated on August 6 that "youth are becoming increasingly vulnerable," directing various ministries to reorganize youth policies to align with the life stages and actual needs of young people, focusing on education, employment, income and assets, housing, and marriage.During the 42nd senior advisory meeting held at the Blue House, President Lee emphasized that one of the key areas requiring accelerated action among national tasks is youth policy.He specifically instructed
Kakao Reports Record Q2 Revenue and Operating Profit, Eyes AI Monetization Next Year
Kakao has achieved record quarterly results, driven by growth in its advertising and financial sectors. The company also announced plans to launch a delivery order and payment service in collaboration with Coupang Eats, aiming to enhance profitability through user-centric services on KakaoTalk, despite the AI sector not yet generating significant revenue.On August 6, Kakao reported consolidated revenue of 2.98 trillion won and operating profit of 277 billion won for the second quarter of 2026, m
HD Construction Machinery Expands Renewable Energy Procurement, Aiming for RE100 by 2040
HD Construction Machinery is accelerating its efforts to achieve RE100 by increasing the use of renewable energy at its facilities.On August 6, the company announced that it has signed multiple power purchase agreements (PPAs) with renewable energy producers for a total capacity of 12.4 megawatts peak (MWp) at its Incheon plant.As a result of this agreement, the share of renewable energy used at the Incheon facility is expected to rise from 19% to 43.9% by January 2027. The company is also expan
Danuri Captures SpaceX Falcon 9 Rocket's Lunar Impact in Historic First for South Korea
The Korea Aerospace Research Institute announced that the country's lunar orbiter, Danuri (KPLO), captured images of the SpaceX Falcon 9 rocket's upper stage before and after its impact on the lunar surface on August 5 at 3:34 p.m.According to the institute, Danuri began its observations at 3:01 p.m., 30 minutes before the impact, and continued to take a total of eight images, including seven after the collision. All imaging was completed by 7 a.m. the following day.After the rocket's upper stag
CJ OnStyle Expands Support for Small Businesses' Global Growth in Partnership with SBA
CJ OnStyle is partnering with the Seoul Business Agency (SBA) to support the global expansion of promising domestic small businesses.On August 6, CJ OnStyle announced that it has signed a memorandum of understanding (MOU) with the SBA to discover, nurture, and support the overseas expansion of promising small enterprises. The signing ceremony, held the previous day at the Seoul Business Agency, was attended by Lee Sun-young, CEO of CJ ENM's commerce division (CJ OnStyle), and Kim Hyun-woo, CEO o
Nearslab Targets Global Defense Market with Physical AI Drones, Set for KOSDAQ Listing
Nearslab, an AI-based industrial drone solution company, is set to enter the global defense industry market by leveraging its autonomous flight technology developed in the wind power sector. The company plans to expand its production capacity and research and development (R&D) investments, accelerating the growth of its physical AI-based drone business in conjunction with its KOSDAQ listing.On August 6, Nearslab held a press conference for its initial public offering (IPO) at the 63 Square in Ye
Investment Strategies Shift as Market Volatility Increases, Says Shin Eol of Sangangin Securities
"The market that used to generate profits solely from AI and semiconductor stocks is changing," said Shin Eol, head of the investment strategy team at Sangangin Securities. He noted that since July, the investment trend in the stock market has shifted significantly. Unlike the previous focus on AI and semiconductor stocks, many investors are now seeking strategies to survive in a more volatile market.In an interview on August 4, Shin explained that during the first half of the year, discussions
Jang Dong-hyuk Criticizes President Lee as a Specialist in Self-Interest
Jang Dong-hyuk, leader of the People Power Party, criticized President Lee Jae-myung on August 6, calling him a "specialist in self-interest."In a post on his Facebook page, Jang stated, "The president sold his house just before raising taxes."He further commented on the government's real estate supply measures, saying, "The government plans to convert office and commercial spaces into residential units. They are even mobilizing the National Pension Service to increase public rentals." He added,