Yongin Mayor Lee Sang-il Visits Da Nang to Strengthen Cooperation
Lee Sang-il, the mayor of Yongin, South Korea, is visiting Da Nang, Vietnam, from August 4 to 8 at the official invitation of the city, with which Yongin has a friendship agreement.Upon arrival in Vietnam on August 4, Mayor Lee and his delegation, including City Council Chair Jang Jeong-soon and council members Shin Na-yeon and Kang Young-woong, visited the Consulate General in Da Nang to meet with Consul General Han Jeong-il and KOTRA Da Nang Trade Office Director Jo Joo-yeon.On the morning of
Launch of 'Everyone's AI Growth Ladder' Project Aims to Enhance National AI Skills
The government has launched the 'Everyone's AI Growth Ladder Project' to enhance the artificial intelligence (AI) capabilities of the entire nation. The initiative aims to establish a step-by-step support system for education, development, validation, and entrepreneurship, enabling citizens to learn AI as easily as they learn Korean and apply it in their daily lives and work, thereby laying the groundwork for an 'AI basic society.'The Ministry of Science and ICT held the la
Deputy Prime Minister Baek Kyung-hun Inspects 'Everyone's AI' Project
Deputy Prime Minister and Minister of Science and ICT Baek Kyung-hun visited the actual education and development sites of the 'Everyone's AI Growth Ladder Project.' He observed a demonstration of Vibe Coding, checking the costs, operating hours, and accessibility for the general public.After the launch ceremony held on the morning of August 3 at the Gwangju National Science Museum, Baek visited the 'Everyone's AI Lounge' on the second floor of the museum. The site showcase
National AI Computing Center Secures Initial 15,000 GPUs, Plans Expansion
The Ministry of Science and ICT announced that it may expand the scale of graphics processing units (GPUs) secured for the National AI Computing Center based on future AI demand. The equipment will not be limited to specific models but will incorporate the latest GPUs and AI semiconductors, reflecting the technological level and market conditions at the time of construction.During a Q&A session following the groundbreaking ceremony for the National AI Computing Cent
Korean Agency Launches AI Application Support Program for Manufacturing
The Korea Institute of Startup & Entrepreneurship Development (KISED) announced that it will hold a kickoff meeting and practical training for the 'Rapid Commercialization Support Project for AI Application Products in Manufacturing' in collaboration with the Ministry of SMEs and Startups and the Korea Federation of Small and Medium Businesses on August 4 and 5.This initiative aims to support the development and commercialization of AI application products applicable in small and medium-sized ma
Heat Wave Halts Professional Baseball: Games Canceled in Jamsil and Gwangju
The games between the NC Dinos and Doosan Bears in Jamsil, as well as the KT Wiz and Kia Tigers in Gwangju, were canceled due to extreme heat.According to Yonhap News on August 4, the Korea Meteorological Administration issued a heat wave warning for Seoul and Gwangju, prompting the KBO to decide to cancel the games at 12:45 PM based on its detailed guidelines for operating games during heat waves.A heat wave warning is issued when the perceived temperature is expected to reach 38 degrees Celsiu
US and Japan's Joint Intervention Boosts Yen, But Sustainability Remains in Question
The value of the yen has rebounded due to a joint intervention in the foreign exchange market by the United States and Japan, but the Wall Street Journal reported on August 3 that this recovery may not last unless the Bank of Japan accelerates its monetary tightening.On August 4, the yen was trading around 157 yen per dollar in Asian markets, a significant drop from nearly 164 yen per dollar, which was the highest level in 40 years just before the US-Japan intervention. On August 3, the yen appr
Israeli Airstrikes Continue Despite Gaza Peace Proposal; 19 Dead Over Weekend
Despite U.S. President Donald Trump's announcement of a peace plan for Gaza that includes the disarmament of Hamas and a phased withdrawal of Israeli forces, the ongoing airstrikes by Israel have raised doubts about the feasibility of the agreement. Disagreements persist over which action should be implemented first: the disarmament of Hamas or the withdrawal of Israeli troops.According to reports from Bloomberg and other sources, the Gaza Health Ministry stated that 19 people were killed during
KOSPI Declines Over 1% While KOSDAQ Surges More Than 5%
The KOSPI index showed a decline of over 1% during trading on August 4. In contrast, the KOSDAQ surged more than 5%, driven by strong performance in bio stocks, prompting a buying sidecar in both markets.According to the Korea Exchange, as of 1:20 PM, the KOSPI was trading at 6,177.96, down 79.49 points (1.27%) from the previous trading day. The index opened at 6,351.38, up 93.93 points (1.50%), but later turned negative during the session.Foreign and institutional investors sold a net 386 billi
Lotte Department Store's Nowon Branch Completes Major Renovation
Lotte Department Store's Nowon branch celebrated its grand reopening on August 4 after completing its largest renovation since opening. The store announced that it has officially begun operations following a 17-month renovation that started in March of last year. Approximately 80% of the store's total sales area, around 1,000 pyeong, has been completely revamped, with significant updates to key product categories including food, fashion, and beauty. Last November, the store opened its 'K-Fashion