Korea Zinc has filed a criminal complaint against officials from MBK Partners and Youngpoong, alleging unauthorized use of the name and branding for its Project Crucible, a construction initiative for an integrated smelter in the United States. This move has intensified the ongoing management dispute between the parties.On August 5, Korea Zinc reported that it had lodged a complaint with the Jongno Police Station in Seoul against Korea Corporate Investment Holdings, Youngpoong, MBK Partners Vice

The government's recent decision to ease the capital gains tax for multiple homeowners has raised concerns about the predictability of tax policies. Experts warn that repeated delays and adjustments to tax implementation can lead to a wait-and-see attitude among market participants, who may hesitate to act on new announcements.According to industry sources, the temporary easing of the capital gains tax for multiple homeowners is not an isolated case. There have been numerous instances where prev

As of August 5, the number of heat-related deaths this summer has surpassed last year's figures, with fatalities reported for four consecutive days since August 1. According to Yonhap News and the Korea Disease Control and Prevention Agency, 198 individuals sought treatment for heat-related illnesses at over 500 emergency rooms nationwide on August 4. Among them, a man in his 60s from Eumseong, North Chungcheong Province, died while working in the fields. Additionally, a death reported on August

Democratic Party candidates Kim Min-seok, Jeong Cheong-rae, and Song Young-gil engaged in a heated debate on August 5 during their second televised forum, addressing recent allegations regarding the timing of judicial reforms, suspicions of party defections, and controversies surrounding membership in the Shincheonji religious group.During the debate held at KBS, the candidates presented their platforms while also confronting various accusations against each other.Jeong opened the discussion by

The Ministry of Culture, Sports and Tourism has unveiled a tourism policy blueprint aimed at achieving a 'K-Tourism era of 40 million visitors.' The strategy focuses not only on increasing the number of foreign tourists but also on enhancing regional tourism competitiveness through regional airports and fostering high-value tourism sectors such as medical and beauty tourism, thereby extending tourists' stay and spending.During a report on the second half of the year held at the Blue House, the m

The government is revising the Individual Savings Account (ISA) system to attract funds to the domestic stock market, which will also reduce benefits for existing account holders. This change, along with alterations to real estate tax policies, has led to growing dissatisfaction among taxpayers who invested and disposed of assets based on government announcements.According to the Ministry of Finance, the proposed '2026 Tax Reform Plan' includes the introduction of a 'Productive Finance ISA' that

The South Korean stock market surged on August 5, buoyed by a record-setting performance in the U.S. markets and strong gains in major semiconductor stocks. The KOSPI index closed up more than 3%, while the KOSDAQ approached the 800 mark, continuing its upward trend for four consecutive days.According to the Korea Exchange, the KOSPI finished at 6,598.26, up 239.30 points (3.76%) from the previous trading day. A program trading halt was triggered at around 9:24 a.m. due to a surge in buy orders,

A fire that broke out on July 18 at a large logistics center in Incheon took 109 hours to extinguish completely. The eight-story building, with a total floor area of 300,000 square meters, prompted a national firefighting mobilization order, and nearby residents were advised to evacuate due to the potential for structural collapse.A key point to note is that, according to firefighting authorities, the fire shutter and sprinklers operated normally. The company had also strengthened its fire detec

The Food and Drug Administration is set to conduct a focused collection and inspection of home medical devices ahead of the Chuseok holiday. This initiative aims to proactively check the quality of medical devices that are expected to see increased use during the holiday period, thereby enhancing safety management.On August 5, the agency announced that it will carry out the third quarter collection and inspection of medical devices in collaboration with six regional food and drug safety offices.