Hyundai Department Store shares fell nearly 3% in early trading on August 6 after the company reported second-quarter earnings that fell short of market expectations, prompting securities firms to lower their price targets.As of 1:35 PM KST, Hyundai Department Store shares were trading at 106,900 won, down 3,200 won (2.91%) from the previous trading day. The stock opened at 109,800 won and dropped to as low as 101,800 won during the session before recovering some losses.In a regulatory filing, H

The KOSPI index continued its downward trend on August 6, triggering a sell-side car as losses widened. In contrast, the KOSDAQ managed to reverse its fortunes, successfully recovering above the 800 mark.According to the Korea Exchange, as of 1:20 PM, the KOSPI was down 305.12 points (4.62%) at 6293.57. The index opened at 6478.75, down 119.51 points (1.81%), and continued to decline. A sell-side car was activated around 10:18 AM, marking the 24th instance of such a measure this year.In the secu

Simtech is experiencing a surge in its stock price after reporting second-quarter earnings that exceeded market expectations, prompting analysts to raise their profit forecasts.As of 1:44 PM on August 6, Simtech shares were trading at 108,100 won, up 5,100 won (4.95%) from the previous trading day. At one point, the stock soared to 117,400 won, with a trading volume of 724,942 shares.For the second quarter of this year, Simtech reported consolidated revenue of 514.6 billion won, a 51.0% increase

Park Yoon-young, CEO of KT, visited the KT Cloud Mokdong 2 Data Center in Yangcheon-gu, Seoul, on August 6 to assess the status of KT Group's artificial intelligence data center (AIDC) and cloud infrastructure operations and technology development.During his visit, Park toured the integrated control center and key facilities, checking the infrastructure operation system. He also reviewed the status of data center interconnection (DCI), a critical technology for managing the increasing traffic be

Seoul Mayor Oh Se-hoon strongly opposed the government's consideration of housing development in Yongsan Children's Park, stating, "It should not be used for housing supply in any capacity."During his closing remarks at a public forum on real estate normalization held at Seoul City Hall on August 6, Oh emphasized, "Yongsan Park must be preserved as green space for future generations, and I absolutely cannot agree to its use for housing supply."In response to recent discussions about the potentia

The world's largest foundry, Taiwan's TSMC, is rapidly increasing its advanced process production capacity due to a surge in orders for artificial intelligence (AI) semiconductors.According to reports from Taiwan's Economic Daily and others, TSMC's wafer input for its 3-nanometer (nm) process is projected to reach 180,000 wafers per month by early the fourth quarter of this year. Wafer input refers to the number of raw wafers entering semiconductor production lines, serving as an indicator of fa

An extreme heat wave, with perceived temperatures nearing 38 degrees Celsius (100.4 degrees Fahrenheit), is posing a serious threat to public health and economic livelihoods across the country. As this heat wave escalates into what experts are calling a 'climate disaster,' local governments are deploying emergency disaster funds and activating response systems to protect vulnerable populations. The Korea Meteorological Administration has forecasted that the maximum perceived temperature will rem

Changwon Special City is set to support the transition of its manufacturing sector to artificial intelligence (AI) with a foundation for industry-academia cooperation and the establishment of a dedicated 5G communication network for industrial complexes.The city announced that its "Manufacturing AX Industry-Academia Innovation Park Project" and "5G Specialized Network Infrastructure Project" have been selected under the Ministry of Trade, Industry and Energy's "2026 Smart Green Industrial Comple

Hedge funds that suffered significant losses from the recent decline in U.S. tech stocks are reducing their investments, which may increase the influence of retail investors in the tech market.According to a report by Bloomberg on August 5, Nikolaos Panigirtzoglou, a strategist at JPMorgan, estimated that hedge funds focused on technology, media, and telecommunications experienced losses exceeding 10% last month. This figure is based on preliminary data from hedge fund analytics firm PivotalPath