The government has begun assessing market volatility following a recent rise in emissions credit prices as it prepares for the implementation of the fourth planning period of the emissions trading system.On August 5, Jo Yong-beom, Vice Minister of the Ministry of Economy and Finance, held a meeting with private committee members of the Emissions Credit Allocation Committee to review market conditions and key risk factors ahead of the fourth planning period, which spans from 2026 to 2030.During t

The government is accelerating the globalization of K-heritage. This includes efforts to register world heritage sites, reclaim sovereignty over cultural assets abroad, and strengthen the national heritage safety net in response to climate change. The government plans to open green spaces at key historical sites, such as the Hyeonchungsa Shrine, and introduce cultural heritage accommodation programs to provide citizens with more opportunities to enjoy national heritage.The Cultural Heritage Admi

Namwon City in North Jeolla Province is accelerating the development of the Manin Park project, which is being promoted as part of a regional development initiative by the Ministry of Land, Infrastructure and Transport.The city announced on the 5th that it will hold a residents' meeting at 10 a.m. on the 7th in the city hall auditorium to gather public opinions on the designation of the regional development project area and the draft of the small-scale environmental impact assessment.This meetin

The National Education Commission is actively considering the introduction of written and essay evaluations in the College Scholastic Ability Test (CSAT) to align with the demands of the AI era. Discussions are also underway regarding a significant overhaul of the college entrance system, including a shift to absolute grading for high school transcripts and the CSAT to alleviate intense competition among students. The Ministry of Education has launched the 'Creating 10 Seoul National Universitie

The amendment to the Criminal Procedure Law, which abolishes the prosecution's investigative powers, was approved at a Cabinet meeting the previous day. However, criticism continues to emerge from the legal and academic communities. There are speculations that the amendment will undergo conflict of authority adjudication and constitutional complaints at the Constitutional Court, but legal experts believe the chances of it being upheld are low.On August 5, Park Chan-woon, a professor at Hanyang U

IPARK Hyundai Industrial Development is expanding its mixed-use development projects centered around Seoul One. The company is applying the development and operational experience gained from the Yongsan IPARK Mall to large-scale projects. However, it faces the challenge of securing tenants for hotels and commercial facilities, as well as achieving operational profits beyond residential sales.According to the construction industry on August 5, IPARK Hyundai Industrial Development is pursuing or p

Interest in gold investment is rapidly cooling. The trading volume and value in the Korea Exchange (KRX) gold market have fallen to their lowest levels this year, and outflows from gold exchange-traded funds (ETFs) are also continuing. With the U.S. maintaining its tightening stance and expectations that the buying momentum from Chinese individual investors, which drove last year's gold price increase, will slow, recovery in gold investment sentiment is unlikely in the near term.According to the

Prosecutors are conducting raids on domestic petrochemical companies suspected of colluding to fix prices of polyvinyl chloride (PVC) and plasticizers amid the ongoing Middle East conflict. 5일 법조계에 따르면 서울중앙지검 공정거래조사부(나희석 부장검사)는 이날 오전 LG화학, 한화솔루션, 애경케미칼, OCI, 롯데정밀화학, PKC, 유니드 등 7곳을 압수수색해 관련 자료 확보에 나섰다.According to legal sources, the Seoul Central District Prosecutors' Office, led by Chief Prosecutor Na Hee-seok, raided seven

The South Korean government has approved a revision to the Criminal Procedure Act that will completely abolish the direct and supplementary investigation rights of prosecutors. This change, which was passed by the National Assembly and approved by the Cabinet on August 4, will centralize investigative authority with the police, allowing prosecutors to focus solely on prosecution. The revised law will take effect on October 2.As the Major Crime Investigation Agency (MCIA) prepares for its officia