SK Telecom Shares Surge 10% on AI Data Center Expansion Hopes
SK Telecom is experiencing a strong performance in early trading, driven by expectations for the expansion of its artificial intelligence data center (AIDC) business and the application of its proprietary AI foundation model in various industries.As of 1:24 PM on August 4, SK Telecom shares rose by 8,400 won (10.24%) to 90,400 won, according to the Korea Exchange.The surge in stock price is attributed to the company's participation in the AIDC Alliance, a collaborative effort between the governm
Xreal Launches 62g AR Glasses in South Korea Targeting Portable Large Screen Market
Xreal has launched its 62g augmented reality (AR) glasses, the 'xbx a01+', in South Korea. The company aims to lower the consumer entry barrier for AR glasses by focusing on features necessary for video viewing rather than high-spec spatial computing.On August 4, Xreal announced that pre-orders for the xbx a01+ will be available on Coupang from the 5th to the 11th. Official sales will begin on the 14th through Naver Smart Store and Coupang brand shops.The xbx a01+ is the first product from Xreal
Drone Explosion at Russian Black Sea Resort Kills 7, Including 3 Children
A drone explosion at a beach resort on the southern coast of the Black Sea in Russia has resulted in the deaths of seven people, including three children, and left 40 others injured.On August 3, a drone crashed and exploded at the Arkhipo-Osipovka beach in Krasnodar Krai, where many tourists were present, according to reports from BBC and Reuters.Videos shared on Russian social media captured the moment the drone rapidly descended and exploded on the beach. Among the injured, 21 individuals were
Moon Jeong-bok Resigns from Democratic Party Leadership, Expected to Support Jeong Cheong-rae's Campaign
Moon Jeong-bok, a member of the Democratic Party, has resigned from his position on the Supreme Council. As a prominent member of the pro-Jeong Cheong-rae faction, his resignation raises questions about his potential support for Jeong Cheong-rae's candidacy in the upcoming party convention on August 17.According to the Democratic Party, Moon communicated his intention to resign on August 3. He also did not attend the Supreme Council meeting held the previous day. With his departure, the Supreme
Doosan Enerbility Shares Rise 5% on SMR Tax Support and Bill Gates Visit
Doosan Enerbility is experiencing a surge in stock prices due to the South Korean government's expansion of tax support for small modular reactors (SMRs) and anticipation surrounding a visit from Bill Gates, founder of TerraPower.As of 1:01 PM on August 4, Doosan Enerbility's shares rose by 3,600 won (5.32%) to 71,300 won, according to the Korea Exchange.The increase in stock price is attributed to the government's announcement of its '2026 Tax Reform Plan,' which includes SMRs and micro modular
Dunamu Partners Makes Follow-Up Investment in Cancer Genomics Firm InnoClass
Dunamu's investment subsidiary, Dunamu Partners, announced on August 4 that it has made a follow-up investment in InnoClass, a cancer genomics big data company.InnoClass is a startup co-founded in 2020 by Professors Yoo Young-seok and Lee Jeong-seok from the Korea Advanced Institute of Science and Technology (KAIST). The company possesses proprietary technology that converts complex genomic data into actionable information for clinical use. Currently, over 100 cancer-specialized medical institut
Ruling Party Proposes National Assembly Session on August 13 to Address Fast-Track Legislation
The Democratic Party is pushing to hold the first plenary session of the August extraordinary National Assembly on the 13th. They argue that the People Power Party's filibuster is obstructing the legislative process and are committed to swiftly addressing livelihood bills. As part of this effort, a vote on a proposed amendment to the National Assembly Act, which would shorten the fast-track review period from a maximum of 330 days to 90 days, is expected to take place during the session.Chun Jun
Sangha Farm Launches First Premium Soy Milk with Top-Grade Local Ingredients
Maeil Dairies' eco-friendly brand, Sangha Farm, has expanded its plant-based beverage lineup with the launch of its first soy milk products.On August 4, Maeil Dairies announced the release of three varieties of 'Sangha Farm Soy Milk' (black soybean, black soybean with mugwort, and black soybean with red bean). This marks the brand's debut in the soy milk market.The new products are notable for using only top-grade black soybeans, specifically the 'Cheongja No. 5' variety, harvested within a year
Job Korea to Host 'HReka 26' Conference on AI Recruitment Strategies
Job Korea will hold a conference focused on recruitment strategies in the age of artificial intelligence (AI) on the 27th at the Amoris Hall in GS Tower, Yeoksam-dong, Seoul.The term 'HReka' combines HR and Eureka, signifying the provision of insights that prompt a 'Eureka' moment when HR insights are needed.Since last year, Job Korea has been operating the HReka conference, which shares the latest HR trends and corporate case studies, along with a smaller networking program called HReka Meetup.
Venture Association Commemorates 7th Anniversary of Lee Min-hwa's Passing
The Venture Association is reflecting on entrepreneurship, a core value and starting point of the venture ecosystem, as it marks the 7th anniversary of the late Honorary Chairman Lee Min-hwa's passing. The association emphasized the need for the venture ecosystem to revisit the pioneering spirit of the first generation of venture entrepreneurs.According to the Venture Association, a week starting from August 3 has been designated as a memorial week for Lee Min-hwa, during which an online memoria