Hanssem Shares Plummet After Disappointing Earnings Report
Hanssem is experiencing a two-day decline in stock prices following an earnings shock, with its second-quarter operating profit falling significantly short of market expectations.As of 9:41 a.m. on August 4, Hanssem's shares were trading at 16,100 won, down 1,360 won (7.79%) from the previous trading day on the Korea Exchange. The stock opened at 17,690 won but has since widened its losses. This follows an 11.37% drop the day before, marking a continued downturn.The decline in stock price is att
Shinsegae I&C and KT Expand Collaboration on Private and Hybrid Cloud Services
Shinsegae I&C is accelerating its expansion into private and hybrid cloud services in collaboration with KT, focusing on Nutanix-based solutions. As companies diversify their cloud strategies to include both public and private environments due to the rise of artificial intelligence (AI) services, the two firms aim to jointly address the demand for cloud infrastructure necessary for AI transformation.On August 4, Shinsegae I&C announced that it signed a memorandum of understanding with KT on July
Youth from Hwacheon Shine on National Stage with Awards in Policy and Music
Youth from Hwacheon County, Gangwon Province, have made their mark on the national stage with notable achievements in policy and the arts. Overcoming the challenges of their remote border region, they have demonstrated their capabilities through policy proposals and high-level performances, instilling pride in their community.According to Hwacheon County on August 4, the youth participation committee 'Aegis,' affiliated with the Hwacheon Youth Training Center, secured third place at the 2026 Gan
Kumho Tire Partners with Continental to Launch Multi-Brand Strategy
Kumho Tire announced on August 4 that it has signed a strategic memorandum of understanding (MOU) with global premium tire brand Continental, beginning sales of Continental tires at Tire Pro stores nationwide.The agreement ceremony held on August 3 was attended by key officials, including Kim Sung, Executive Vice President of Kumho Tire's Korean sales division, and Nico Kyriakopoulos, Head of the Replacement Tire Division at Continental Tire Korea.This collaboration aims to enhance the competiti
Yoon Jun-byeong and Lee Hae-min to Attend Colombia Presidential Inauguration
이재명 대통령이 오는 7일 열리는 아벨라르도 데 라 에스프리에야 콜롬비아 신임 대통령 취임식에 윤준병 더불어민주당·이해민 조국혁신당 의원을 특사로 파견한다. 강유정 수석대변인은 4일 서면 브리핑에서 콜롬비아 신정부 출범을 계기로 양국 간 우호 협력 관계를 증진하기 위해 대통령 특사단을 파견한다고 밝혔다. 특사단장은 한·콜롬비아 의원친선협회 부회장인 윤 의원이 맡는다. 특사단은 콜롬비아 측에 우리 정부의 국정 철학과 대외정책을 설명하고 양국의 전략적 협력 동반자 관계 발전에 대한 이 대통
Shinhan Super SOL Surpasses 11 Million Monthly Active Users in Just 40 Days
Shinhan Financial Group's integrated financial platform, Shinhan Super SOL, has surpassed 11 million monthly active users (MAU) just over a month after its official launch. On August 4, Shinhan Financial reported that the number of users has been rapidly increasing since the platform's launch on June 16. The MAU, which was approximately 10.3 million before the launch, rose to about 11.13 million as of July 30, marking an increase of 830,000 users in roughly 40 days.Additionally, around 400,000 n
Government Promised 20% Loss Coverage, But National Growth Fund Faces Principal Losses
The National Growth Fund, heavily promoted by the government as providing up to 20% loss coverage, has entered a loss phase shortly after its launch, leading to growing dissatisfaction among investors. This discontent has intensified, particularly following a recent sharp decline in the domestic stock market, resulting in some investors already experiencing principal losses.On August 4, various online communities shared posts titled 'Current Status of the National Growth Fund, which promised to
People Power Party Calls for Defense Minister Ahn Gyu-baek's Resignation
The People Power Party on August 4 called for the resignation of Defense Minister Ahn Gyu-baek. They stated that he should be held accountable for a series of incidents, including military personnel conducting guard duties without live ammunition and a commotion caused by mistaking a U.S. military drone for an unidentified flying object.Park Chung-kwon, the party's chief spokesperson, criticized the situation in a statement, saying, "The Republic of Korea's military, once boasting the fifth-larg
Bank of Korea Projects Higher Inflation in August Amid Rising Core Prices
The consumer price inflation rate has dropped to the 2% range for the first time in three months, but the Bank of Korea forecasts that it may rise again this month. Excluding food and energy, core inflation is expected to continue its upward trend for the time being.On August 4, the Bank of Korea held a price situation review meeting led by Deputy Governor Lee Ji-ho to assess recent price trends and future outlooks.According to the National Data Agency, the consumer price index last month was 11
Hanwha Solutions Shares Rise Over 8% Following Kim Dong-kwan's Capital Increase Participation
Hanwha Solutions is experiencing strong early trading gains following news of Kim Dong-kwan's participation in a capital increase. As of 9:49 a.m. on August 4, the Korea Exchange reported that Hanwha Solutions shares rose by 2,150 won (8.67%) to 26,950 won. The stock even reached 27,650 won at one point during early trading.The announcement of Kim's participation in the capital increase has boosted investor sentiment. Typically, capital increases can negatively impact stock prices due to concern