Korean Trade Chief Meets with Governors of 11 U.S. States to Discuss Nuclear and Shipbuilding Cooperation
Yeo Han-goo, head of the Ministry of Trade, Industry and Energy, met with governors from 11 U.S. states to request expanded cooperation in advanced and strategic industries, including nuclear power, shipbuilding, and batteries. He also urged state governments to support Korean companies' investments and local operations.The Ministry announced on August 2 that Yeo attended the 2026 National Governors Association (NGA) Summer Meeting held in Oklahoma City from July 30 to August 1, where he met wit
E1 Freezes Domestic LPG Supply Prices for August to Ease Consumer Burden
E1 has decided to freeze the supply prices of liquefied petroleum gas (LPG) for August as part of its participation in the government's price stabilization policy.On August 2, E1 announced that the price for residential and commercial propane will remain at 1,483.17 won per kilogram, while the industrial price is set at 1,489.77 won per kilogram. The price for butane is set at 1,719.54 won per kilogram.Due to the government's exemption from the sales levy (62.283 won per kilogram), the butane su
Google Withdraws AI Image Generation Feature Due to Misinformation Concerns
Google rolled back its AI image generation feature for its satellite mapping service, Google Earth, just one day after its introduction. The decision follows concerns that the tool could be misused to spread misinformation by overlaying fake scenes onto real terrain and buildings.On August 1, Alphabet's subsidiary Google announced the integration of its AI image generation tool, Nano Banana 2, into Google Earth. However, the following day, it announced the withdrawal of this feature.The tool all
Cultural Week Celebrates 150th Anniversary of Kim Gu's Birth
The Ministry of Veterans Affairs is set to launch a series of commemorative events throughout August to celebrate the 150th anniversary of Kim Gu's birth, recognized by UNESCO. According to the ministry, UNESCO has designated this year as the 'UNESCO Commemoration Year' for Kim Gu, allowing the public to engage with his life and philosophy through various programs. From August 25 to 30, a 'Cultural Week' themed 'My Wish, Culture of Peace' will feature public music performances and an internation
Laughter Abounds at the First Weekend of the Hwacheon Tomato Festival
2026 Hwacheon Tomato Festival entered its second day and first weekend on August 1, filling the Sanai Sports Park and the surrounding area with tourists from early morning. The festival's signature events, 'Find the Golden Ring' and 'Table of a Thousand,' kept the venue lively with laughter and cheers throughout the day. At 10 a.m., the central stage featured lively performances. The singer engaged with the audience, singing and dancing among them. Spectators rose from their seats, clapping and
Hyundai and Kia Achieve Record Electric Vehicle Sales in Europe
Hyundai Motor and Kia have reported record electric vehicle sales in Europe for the first half of the year. According to the companies, a total of 131,032 electric vehicles were sold in Europe during the first half of this year, surpassing the previous record of 92,365 units set in the second half of last year by approximately 41.8%. By model, the Kia EV3 was the best seller with 27,121 units sold, followed by the Hyundai Instar (Casper Electric) with 16,594 units, the Kia EV4 with 14,502 units,
Hwang In-beom Wins Title in FC Porto Debut
Hwang In-beom, the national team midfielder who recently joined the prestigious Portuguese club FC Porto, lifted a trophy in his debut match.On August 2, Porto secured a 1-0 victory against SCU Torreense (second division) in the 2026 Supertaça Cândido de Oliveira (Portuguese Super Cup) at Estádio Cidade de Coimbra.The Supertaça Cândido de Oliveira features a matchup between the previous season's Primeira Liga (first division) champion and the Taça de Portugal (FA Cup) winner.Hwang, who transferr
Woori Bank Engages Customers in Feedback Session
Woori Bank is set to enhance its products and services by incorporating feedback from financial consumers and regulatory authorities.On July 31, Woori Bank held the '2026 Woori Bank Customer Panel Meeting' at its headquarters in Jung-gu, Seoul, in collaboration with the Financial Services Commission and the Financial Supervisory Service's 'Financial Field Communication Team.'Since 2020, Woori Bank has been conducting these meetings to gather consumer opinions and integrate them into its services
Drought Intensifies in Southern Regions; Milyang Dam on Alert, Pyeongrim Dam Elevated to Caution
As rainfall continues to be scarce in the southern regions, the drought response levels for the Milyang Dam in the Nakdong River area and the Pyeongrim Dam in the Yeongsan River area have been elevated. The government plans to secure alternative water sources by utilizing river water and nearby agricultural reservoirs, while also adjusting the supply of agricultural and river maintenance water.The Ministry of Climate, Energy and Environment announced on August 2 that the drought response level f
Investors Shift to Small Caps Amid Major Stock Declines
Last month, the domestic stock market experienced significant volatility, the highest since the financial crisis, prompting changes in investor behavior. As major semiconductor stocks like Samsung Electronics and SK Hynix saw substantial declines, buying interest shifted towards individual stocks and small-cap companies, leading to a stark contrast in performance among different stocks.According to the Korea Exchange on August 2, as of July 31, a total of 1,859 stocks had declined compared to Ju