Rising Demand for Energy Transition Amid Middle East Conflicts: KOTRA Expands K-Green Tech Exports
As instability in energy supply chains grows due to conflicts in the Middle East and the prolonged Russia-Ukraine war, foreign companies are increasingly seeking domestic eco-friendly technologies. South Korean firms are exploring opportunities in overseas markets, particularly in the Middle East and Southeast Asia, by showcasing their resource recycling and renewable energy technologies.The Korea Trade-Investment Promotion Agency (KOTRA) announced that it held an export consultation event linke
Lotte Energy Materials Reports 2nd Quarter Operating Loss of 16.9 Billion Won
Lotte Energy Materials continued to experience operating losses in the second quarter of 2026. The company plans to improve its performance through the full-scale operation of its battery foil plant in Malaysia in the second half of the year.On August 6, Lotte Energy Materials announced its preliminary results for the second quarter, reporting sales of 194.2 billion won and an operating loss of 16.9 billion won. Sales increased by 21.5% from 159.8 billion won in the previous quarter, while the o
Korea Kolmar Establishes First Coral Toxicity Testing System for Sunscreens
Korea Kolmar has established a testing system to verify the impact of sunscreens on marine ecosystems using coral. The company announced on August 6 that it has passed the coral environmental toxicity test conducted by the French environmental toxicology assessment agency ReefTox. Korea Kolmar explained that it is the first domestic cosmetics manufacturer to secure a toxicity testing system for sunscreens using coral. ReefTox evaluates the impact on marine ecosystems by exposing cosmetic ingredi
Police Charge Former Cheongju City Councilor Choi Young-jung with Child Prostitution
Police have transferred Choi Young-jung, a former Cheongju City Councilor, to prosecutors on charges of child prostitution.According to legal sources on August 6, the Cheongju Cheongwon Police Station has applied charges against Choi for statutory rape of a minor, production of sexual exploitation materials, solicitation of sexual services, sexual conversations for exploitation, and coercion, mediation, and sexual harassment of minors under the Child Welfare Act.Choi is accused of engaging in se
Political Change Needed for Economic Growth in South Korea
The government, now in its second year, faces new challenges alongside the Democratic Party, which is electing new leadership, and the People Power Party, which is under pressure to innovate. If the past year was about setting the direction for governance, the focus now must shift to delivering results. Politics must change, primarily for the sake of the economy. The true role of politics is not to lead the economy but to create an environment where it can grow steadily.South Korea's economy is
Jang Dong-hyuk Criticizes President Lee for Ignorance of Criminal Procedure Law
장동혁 국민의힘 대표는 6일 이재명 대통령이 형사소송법 개정안을 '안 읽어봤다'고 언급한 것에 대해 "참담하다"며 "역사의 죄인으로 남을까봐 책임을 회피하는 것이거나 국민과 나라는 관심 없고 본인밖에 모르거나 형사소송법 개정안이 절대 통과돼선 안 되는 법이라는 걸 인정하는 것"이라고 주장했다.장 대표는 이날 국회에서 열린 최고위원회의에서 "대한민국이 생긴 이래 대통령이 역대급 망언을 쏟아내고 있는데 너무 태연하고 아무렇지도 않게 망언을 쏟아내고 있어서 국민들은 망언인지도 느끼기 어려울 정도"라며 이같이 말했
Minister Jeong Dong-young Responds to Foreign Minister Cho Hyun's 'Idealism' Remarks
Unification Minister Jeong Dong-young responded on August 6 to Foreign Minister Cho Hyun's characterization of the ministry's plan for a 'peace regime on the Korean Peninsula' as 'idealism,' stating, "One must have ideals to change reality."On his way to the Government Seoul Complex, Cho told reporters, "We must cooperate with each other to assist the government."During a briefing following a report to President Yoon Suk-yeol at the Blue House on August 5, Cho remarked that the Unification Minis
Gwachon City Corporation Hosts Community Safety Campaign at Government Gwachon Office Station
Gwachon City Corporation, in collaboration with Gwachon City, the Gwachon Fire Station, and the Gwachon Disaster Safety Council, conducted a joint public-private safety campaign on August 4. According to the fire station, this campaign was organized in conjunction with the 'Gwachon City Safety Inspection Day,' which takes place on the 4th of every month, and was based on discussions from the practical council of the Gwachon Disaster Safety Council. About 40 officials from related organizati
Baek Seung-joo and Yoon Nan-sil Nominated as Gwangju's Deputy Mayors
Baek Seung-joo and Yoon Nan-sil have been nominated as deputy mayors of Gwangju.Hwang Gi-yeon, chair of the Gwangju Personnel Committee, announced on August 6 in a briefing at the Gwangju government office, "Former Mayor Min Hyung-bae has nominated Baek Seung-joo for the fields of industry, jobs, economy, labor, and advanced key industries, while Yoon Nan-sil has been nominated for citizen sovereignty, youth population policy, health and welfare, and gender equality."Baek Seung-joo, 62, is from
BMW Selects Hankook Tire's iON for New i7 Electric Model
Hankook Tire & Technology announced on August 6 that it will supply three types of its electric vehicle tire brand, iON, as original equipment (OE) for BMW's new all-electric i7 model in the 7 Series.The BMW 7 Series is the brand's flagship sedan, showcasing the latest in design, driving, digital, and electrification technologies.The i7, a pure electric model, offers the quietness and powerful performance characteristic of electric vehicles. The supplied products include the iON Evo AS, iON Icep