As President Donald Trump anticipated a potential meeting with Iran, he postponed a large-scale airstrike while Iran's Foreign Minister Abbas Araghchi traveled to Iraq for a pilgrimage. During his trip, he continued phone conversations with mediating countries like Pakistan and Oman.On August 3, CNN reported that Trump expressed pessimism over the lack of a scheduled meeting between the U.S. and Iran, which he had previously announced. In a post on social media platform Truth Social, he criticiz

The unseen roots beneath the ground can be up to 40 times larger than the visible trees above. This is why they are often referred to as the kingdom of roots. Architecture, as a culture, resembles a large tree that grows from this kingdom of roots. Thus, the vitality of well-established architectural heritage often lasts for thousands of years.- The Economic Impact of Architectural CultureMeasuring the economic impact of culture is inherently challenging. However, by examining its ripple effects

The performance of South Korean steel companies in the second quarter of this year varied based on product composition and export ratios. While Dongkuk Steel and KG Steel improved their results through increased exports, Posco Holdings benefited from higher sales prices and volumes. In contrast, Hyundai Steel reported a decline in operating profit compared to the same period last year.According to industry sources on August 3, Hyundai Steel recorded consolidated sales of 6.1073 trillion won and

President Lee Jae-myung convened a marathon meeting on real estate and the stock market immediately after returning from his trip to the United States and South America on August 3. The meeting lasted for 7 hours and 30 minutes.President Lee diagnosed the sluggish housing supply as having led to a 'supply cliff' and instructed his team to secure available housing units while mobilizing all administrative, financial, fiscal, and regulatory measures to accelerate supply.Chief Presidential Spokespe

Koo Yun-cheol, Deputy Prime Minister and Minister of Economy and Finance, appeared on KBS News9 to explain the purpose and key details of the 2026 tax reform plan.During the broadcast on August 3, Koo stated that the reform aims to support economic growth by introducing a new domestic production tax credit this year, which includes aspects related to national strategic technologies such as small modular reactors (SMR). He added that the comprehensive tax reform plan also encompasses real estate

Koo Yun-cheol Proposes Major Tax Reforms, Exempting Properties Under $15 Million Koo Yun-cheol, the Deputy Prime Minister and Minister of Economy and Finance, appeared on KBS News9 to explain the key points of the 2026 tax reform plan. During the broadcast on August 3, Koo outlined the reform's objectives, stating, "The first goal is to support economic growth by introducing a new domestic production tax credit this year," which includes provisions for small modular reactors (SMRs) as part of n

Upon returning from a trip to the United States and South America, President Lee Jae-myung convened a meeting on August 3 to discuss the real estate and stock markets, addressing concerns over market instability.President Lee closely monitored the recent rise in rental prices in the metropolitan area and the fluctuations in the stock market. He reportedly instructed officials to enhance investor protection measures for single-stock leveraged exchange-traded funds (ETFs).After arriving at Seongna

Bithumb, a virtual asset exchange, has outlined its plan to successfully complete its initial public offering (IPO) by 2028, based on significant improvements in its governance structure.On August 3, Bithumb announced its IPO progress through a disclosure on its website, stating that it aims to demonstrate management transparency and maximize corporate value.According to the detailed listing schedule, Bithumb will focus on enhancing its internal control systems and preparing for the transition t

Shin Sang-jin, the mayor of Seongnam, stated on August 3 that "supporting local artisans is essential for revitalizing the local economy," emphasizing efforts to expand market access for local craftspeople and strengthen the competitiveness of small businesses. On this day, Mayor Shin announced that the "25th Seongnam Excellent Craft Exhibition" will be held from August 3 to 6 at the first-floor plaza of AK Plaza in Bundang. He highlighted the event's focus on nurturing the local craft indust