In July, the domestic stock market saw a significant decline, with seven out of ten listed companies on the KOSPI and KOSDAQ experiencing drops. The KOSDAQ was particularly hard hit, with approximately three-quarters of its stocks falling. Investors are closely monitoring the market's direction for August. Analysts agree that the inflow of foreign capital, particularly in the semiconductor and financial sectors, will be a key factor in determining the market's trajectory for the month.According

Crew members from the Chinese global cruise line Adora Cruises experienced key tourist attractions in Gwangju, South Korea, confirming the competitiveness of local tourism offerings.On August 1, the Gwangju Metropolitan City invited crew members from the Adora Magic City, which docked at Yeosu Port, for a familiarization tour aimed at developing shore excursion programs in the Jangheung and Boseong areas.This familiarization tour was designed to identify shore excursion products that reflect the

Korean Minister of Trade, Industry and Energy Kim Jeong-kwan conducted an urgent review of the supply situation for key resources such as oil, gas, and naphtha in preparation for the worst-case scenario where navigation through the Strait of Hormuz and the Bab-el-Mandeb Strait is disrupted simultaneously. He instructed officials to be ready to mobilize available policy measures, including the use of alternative shipping routes and the resumption of oil stock swaps.The Ministry of Trade, Industry

The Gwangju Metropolitan City is launching a workation program that allows participants to enjoy both work and leisure by utilizing natural and tourism resources in seven cities, including Yeosu, Naju, Boseong, Haenam, Hampyeong, Wando, and Jindo.Workation, a blend of work and vacation, is characterized by providing accommodation, workspace, and local experience content. The program is open to employees of central and local governments, public institutions, businesses, as well as individual entr

Hyundai Motor Group has established a unified team for its autonomous driving research and development (R&D) by appointing key executives to dual roles in its Advanced Vehicle Platform (AVP) division and 42dot.According to industry sources on August 2, Vice President Kwon Jeong-hyun and Executive Director Jeremy Ma, who were recently recruited by Hyundai Motor Group, will hold significant positions in both the AVP division and 42dot.Kwon and Ma will serve as the heads of the Autonomous Driving D

Jung Cheong-rae, a candidate for the leadership of the Democratic Party, warned on August 2 that he would file a complaint with the Ethics Committee against fellow candidate Kim Min-seok, who raised allegations regarding Shincheonji membership. In response, Kim sought support by referencing former Presidents Roh Moo-hyun and Moon Jae-in, who have strong political ties in Busan.During a joint rally held at BEXCO in Haeundae, Busan, Jung stated, "I will take strict action against any behavior that

Jinan County in North Jeolla Province announced on August 2 that it is accepting nominations for the '2026 Jinan Citizen's Award,' aimed at recognizing individuals dedicated to local development and community service.The Jinan Citizen's Award is the county's highest honor, with one recipient selected from each of seven categories: Leadership, Culture, Public Service, Industrial Labor, Patriotism, Filial Piety, and Sports, totaling seven awardees.Nominees should be individuals who have quietly de

Oh Se-jung, the former president of Seoul National University, emphasized the need to overcome the inherent limitations of the current four-year term in order to achieve long-term innovation and significant financial expansion for the university. His comments come as both the current presidents of Seoul National University and Korea University are expected to seek re-election early next year. In a phone interview with Aju Economy on August 2, Oh explained the rationale behind easing restrictio

The race for re-election among the incumbent presidents of Seoul National University and Korea University is heating up as significant figures within the universities announce their candidacies. In response to the substantial administrative advantages held by the incumbents, a number of key university personnel are entering the fray, leading to intense behind-the-scenes maneuvering. Concerns about a 'dark election' have also emerged due to the strict regulations governing re-election campaigns,