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,
What to Expect for the August 15 Liberation Day Holiday: Banks, Stock Market, Hospitals, and Delivery Services
As South Korea prepares for a three-day holiday in celebration of Liberation Day, there is growing interest in the operations of banks, the stock market, hospitals, and delivery services.This year, Liberation Day falls on Saturday, August 15. According to the current regulations regarding public holidays, if Liberation Day coincides with a Saturday or Sunday, the following Monday is designated as a substitute holiday. Therefore, Monday, August 17, will be a legally mandated substitute holiday.▲
Interest in Historical Travel Rises Ahead of Liberation Day in Pohang, Busan, Incheon, and Daejeon
As Liberation Day approaches, interest in domestic travel destinations that offer historical and cultural experiences is increasing. According to Agoda's analysis of accommodation searches and travel interest among domestic travelers, cities such as Pohang, Busan, Incheon, and Daejeon have seen significant growth compared to last year.Pohang recorded the highest increase in travel interest, with a 75% rise during the Liberation Day holiday period compared to the same time last year. The city is
Shinhan Bank Pursues Acquisition of Sangsang Investment & Securities to Expand Non-Banking Portfolio
Shinhan Bank is accelerating its expansion into non-banking sectors by pursuing the acquisition of Sangsang Investment & Securities.According to sources in the financial and investment banking sectors on August 6, Shinhan Bank signed a memorandum of understanding (MOU) with Sangsang Group last month for the acquisition of Sangsang Investment & Securities. The two parties have reportedly established exclusive negotiation rights until the third quarter.The acquisition target includes a 55.85% stak
Finance Ministry Official Promises Protection for Homeowners
The South Korean government is shifting the focus of its real estate tax system from how long a property is owned to how long it is actually lived in. Lee Hyung-il, the First Deputy Minister of Finance, discussed this change during an appearance on the Cheong Wa Dae YouTube program 'Fact Factory' on August 6. He described the direction of the 2026 tax reform plan as aimed at establishing a residency-centered housing market and improving tax equity.According to the reform plan, homeowners with on
Blue House Denies Reports of Support for Chief Justice Impeachment
The Blue House denied reports on August 6 that it supports the impeachment of the Chief Justice. Chief Presidential Secretary Kang stated in a media announcement that the Blue House does not share the sentiment expressed by Democratic Party leadership candidates Kim Min-seok and Song Young-gil regarding the push for Chief Justice Cho Hee-dae's impeachment.Since the retirement of former Chief Justice Noh Tae-ack in March, the appointment of his successor has faced difficulties, leaving the positi
Yongin Mayor Lee Sang-il Discusses Semiconductor Collaboration with Vietnam's FPT Group
Yongin Mayor Lee Sang-il visited the FPT High-Tech and Semiconductor Research and Development (R&D) Center in Da Nang on August 5 to explore the Vietnamese semiconductor industry ecosystem. He met with site manager Nguyen Cao Thanh to discuss potential collaboration.The meeting included Mayor Lee, Yongin City Council Chair Jang Jeong-soon, and site manager Nguyen Cao Thanh.The FPT High-Tech and Semiconductor R&D Center is part of FPT Group, Vietnam's largest information and communication technol
Im Sung-jae Aims for Eighth Consecutive PGA Tour Championship Appearance
Im Sung-jae has expressed a strong desire to qualify for the Tour Championship, the final event of the PGA Tour playoffs, for the eighth consecutive year.Starting August 6, Im will compete in the Wyndham Championship at Sedgefield Country Club in Greensboro, North Carolina, which has a total purse of $8.5 million. This tournament marks the last event of the PGA Tour's regular season.Since debuting on the PGA Tour in 2019, Im has participated in the Tour Championship for seven straight years. How
Coupang Reports Record High Payments in July; Coupang Eats Sees Significant Growth
Coupang and Coupang Eats both recorded their highest estimated payment amounts last month. Analysts suggest that customer spending at Coupang is rapidly recovering following a data breach incident at the end of last year.According to retail analysis service WiseApp & Retail, Coupang's estimated monthly payment amount for July was 6.11 trillion won, a 6% increase from 5.76 trillion won in the same month last year, marking the highest monthly figure to date.Coupang's payment estimates had declined