Youngpoong and MBK Partners have decided to withdraw their lawsuit seeking to annul the resolutions made at Korea Zinc's extraordinary shareholders meeting held in January 2025.According to industry sources on August 4, Youngpoong and MBK Partners have informed the court of their intention to withdraw the lawsuit, believing they have achieved all the objectives for which the lawsuit was originally filed. Consequently, as part of the legal process for resolving the matter with other shareholders,

Musinsa's private brand, Musinsa Standard Beauty, has achieved its highest sales figures for the first half of the year, driven by a significant increase in skincare product sales.On August 4, Musinsa reported that its online and offline sales for Musinsa Standard Beauty in the first half of 2026 rose approximately 153% compared to the same period last year, reaching 2.5 times the previous year's figures.The growth was primarily fueled by the skincare category. Musinsa Standard Beauty launched e

The South Korean government strongly protested Japan's characterization of Dokdo as its territory in a defense white paper released on August 4. The government stated, "We strongly protest the unjust claim of sovereignty over Dokdo, which is clearly our territory historically, geographically, and under international law, as reiterated in the defense white paper released by the Japanese government, and we urge its immediate retraction." It added, "We reaffirm that Japan's unjust claims do not aff

The competition for global dominance between the United States and China has evolved beyond diplomatic issues, reshaping the world economic order. Just two decades ago, China was known as the 'world's factory,' but it has since emerged as a formidable competitor to the U.S. across advanced industries, including batteries, electric vehicles, solar energy, shipbuilding, robotics, rare earths, patents, and artificial intelligence. Meanwhile, the U.S. retains its strongest cards, including the dolla

KTX and SRT integration will increase train services and seating on the Honam and Jeolla lines starting September 1. Additionally, fares will be reduced by 10%.According to the Gwangju Metropolitan City on August 4, the Honam Line will see an increase in weekday services from 95 to 100 trains per day and weekend services from 96 to 100 trains per day.On weekdays, an additional 3,742 seats will be available, while weekends will see an increase of 4,822 seats.The Jeolla Line will also expand its s

Shinhan Financial Group is supporting the use of artificial intelligence (AI) among digitally vulnerable communities.On August 4, Shinhan Financial announced that it signed a memorandum of understanding with the Ministry of Science and ICT at the Bank Hall in Jung-gu, Seoul, to enhance AI capabilities and ensure safe digital financial usage for these communities.The agreement aims to reduce the information gap and address financial scams such as voice phishing and smishing. Shinhan Financial pla

The amendment to the criminal procedure law, which centers on the separation of investigation and prosecution, passed the Cabinet meeting on August 4. This marks the end of prosecutorial investigation rights that have been in place since the enactment of the law in 1954. Starting October 2, most complaints and reports will be received by the police.The government plans to accept the legislative decision of the National Assembly while initiating follow-up measures to prevent the monopolization an

KT and Yonsei Medical Center are enhancing the foundation for AI utilization by advancing medical data, aiming to secure South Korea's competitiveness in medical AI innovation. On August 4, KT announced that it has signed a memorandum of understanding with Yonsei Medical Center to strengthen the use of medical data and enhance the future competitiveness of South Korea's healthcare. As AI technology rapidly evolves, the value of vast medical data held by hospitals, including patient records, test

The Marvel film 'Spider-Man: Brand New Day' continues to perform well in South Korea, drawing attention to the actions of MJ and Ned at the film's conclusion.In the previous installment, 'Spider-Man: No Way Home,' Doctor Strange's spell caused MJ, Ned, and people worldwide to forget that Peter Parker is Spider-Man, along with all memories of him. Fans are interpreting various scenes in the new film as hints that the two characters may be starting to regain their memories of Peter.The character d