Yulchon Law Firm Hires Former Foreign Ministry Official Jo Gurae to Strengthen U.S. Investment Response
Yulchon Law Firm (CEO Kang Seok-hoon) announced on August 3 that it has hired Jo Gurae, the former Director-General of the North American Affairs Bureau at the Ministry of Foreign Affairs, as a consultant to enhance its capabilities in responding to policies and trade issues related to U.S. investments.Jo graduated from Seoul National University with a degree in political science and joined the Ministry of Foreign Affairs (now the Ministry of Foreign Affairs) in 1991. He has held various positio
China Approves Construction of Eight Nuclear Power Plants, Totaling 64 in Seven Years
In the past seven years, China has approved the construction of a total of 64 nuclear power plants. On July 31, the State Council held a meeting where it approved plans for eight new nuclear reactors, according to China Energy News on August 3. The approved projects include four separate initiatives: two reactors at the Jinqi Men Nuclear Power Plant in Zhejiang Province by China National Nuclear Corporation (CNNC), one reactor at the Zhuanghe Nuclear Power Plant in Liaoning Province by CNNC, thr
Ministry of SMEs and Startups Hosts '2026 Brand Small Business Jump-Up Meetup Day'
The Ministry of SMEs and Startups and its affiliate, the Korea Small Business Distribution Center, announced on August 3 that they held the '2026 Brand Small Business Jump-Up Meetup Day' on July 31 at the Dream Sky Hall in Yeoksam-dong, Seoul.The event featured 30 small businesses selected for the newly launched 'Brand Small Business Jump-Up' support program. This initiative aims to cultivate capable small businesses into premium brands in collaboration with professional advertising and marketin
Education Ministry Imposes Financial Penalties on Universities for Overenrollment
The number of overenrolled freshmen at universities reached 191 last year, prompting the Education Ministry to strengthen related regulations. The ministry will implement strict penalties, including disciplinary actions against responsible parties and financial sanctions linked to support programs, in cases of large-scale overenrollment due to intentional or significant errors by universities. On August 3, the Education Ministry released data on the occurrence of overenrollment over the past fiv
bhc Opens First Store in the Philippines with Localized Menu
bhc has opened its first store in the Philippines, focusing on local consumers with a menu that includes 'Chicken Rice' and other tailored offerings.The Dining Brands Group announced on August 3 that its chicken brand bhc has opened its first Philippine location in the SM North EDSA mall in Quezon City, Manila. The opening ceremony, held on July 29, was attended by Song Ho-seob, CEO of Dining Brands Group.The new store spans approximately 1,700 square feet and features 86 seats. Considering the
Korean Lawmaker Accuses Ethics Committee Chair of Breaching Confidentiality
Woo Jong-hwan, the vice chair of the People Power Party's Central Ethics Committee, raised concerns on August 3 about allegations that Chair Yoon Min-woo leaked disciplinary materials. He urged Yoon to respond to accusations of violating confidentiality obligations.In a statement issued alongside Ethics Committee member Hwang Kyung-sung, Woo described the alleged leak as a serious breach of confidentiality and a significant violation of the committee's internal rules. They stated, "The incident
Samsung Electronics and SK Hynix Shares Drop Nearly 7% Amid Profit-Taking
Shares of Samsung Electronics and SK Hynix, which saw unprecedented gains in the previous trading session, both fell nearly 7% in early trading. This decline is attributed to profit-taking following the recent surge.As of 10:11 a.m. on August 3, Samsung Electronics was trading at 243,500 won, down 7.24% (19,000 won) from the previous day. At one point, the stock dropped to 239,000 won, marking an 8.95% decline.Similarly, SK Hynix was trading at 1,589,000 won, down 7.51% (129,000 won) compared to
SK Gas Shares Plunge Over 10% Following Disappointing Q2 Earnings
SK Gas shares fell more than 10% in early trading after the company reported second-quarter results that significantly missed market expectations.As of 9:54 a.m. on the Korea Exchange, SK Gas was trading at 200,500 won, down 23,000 won (10.29%) from the previous trading day.The disappointing earnings report has dampened investor sentiment, leading to a concentrated sell-off in early trading.On July 31, SK Gas announced that its consolidated revenue for the second quarter was 2.313 trillion won,
Opposition Calls for President Yoon to Exercise Veto Power on Criminal Procedure Law
The People Power Party held an on-site supreme council meeting in front of the Blue House on August 3, urging President Yoon Suk Yeol to exercise his veto power over the criminal procedure law amendment that passed the National Assembly on July 30.Jang Dong-hyuk, the party leader, emphasized during the meeting in front of the Blue House that "the exercise of veto power over the criminal procedure law amendment is not just the president's authority or an option, but a command from the people and
Pearl Abyss' 'Crimson Desert' Wins Best International Game at China Game Innovation Awards
Pearl Abyss' 'Crimson Desert' was awarded 'Best International Game' at the China Game Innovation Awards 2026 (CGIA), held during China’s largest gaming expo, ChinaJoy, recognizing its technical capabilities and artistic merit in the Chinese market.Pearl Abyss announced on August 3 that 'Crimson Desert' won the Best International Game category at the China Game Innovation Awards.The CGIA is organized by the China Audio-Video and Digital Publishing Association and hosted by the gaming platform Tap