Fasoo AI has successfully turned a profit in the second quarter of this year, driven by the expansion of its artificial intelligence (AI) business and increased demand for data protection and software (SW) supply chain security.In a disclosure on July 31, Fasoo AI reported consolidated revenue of 13.128 billion won and an operating profit of 1.06 billion won for the second quarter. This represents a 22.7% increase in revenue compared to the same period last year, and a turnaround from an operati

The KOSPI index continues to soar, rising over 13% thanks to strong performances from major U.S. tech companies and a rebound in semiconductor investment sentiment. Foreign capital influx has led to a surge in bargain buying, particularly in semiconductor stocks, prompting buy sidecars to be activated in both the KOSPI and KOSDAQ markets.As of 11:28 a.m. on July 31, the KOSPI was up 781.11 points (13.96%) at 6,374.67. The KOSDAQ index also rose by 57.11 points (8.86%) to trade at 701.89.In the s

The Customs Agency has seized 2.1 tons of drugs in a joint operation with customs authorities from 19 Asia-Pacific countries.On July 31, the agency reported that it detected a total of 785 cases and 2,100 kilograms of drugs during the third joint anti-drug smuggling operation, dubbed 'Pacific Shield,' which took place from May 1 to June 30. The seizures included 633.4 kilograms of methamphetamine, 368.8 kilograms of cannabis, and 757.4 kilograms of new psychoactive substances.This operation was

A 30-year-old woman, known as 'Jandarque' (Jamsil's Joan of Arc), has been charged with obstruction for blocking access to the Olympic Park handball stadium, which served as a polling station during the June 3 local elections.On July 31, the Songpa Police in Seoul transferred the woman, identified as A, to the Seoul Eastern District Prosecutors' Office without detention, applying charges of obstruction of business.This action comes about six weeks after she was booked by police in mid-June.A is

Three candidates for the leadership of the Democratic Party are implementing differentiation strategies ahead of the first results of the primary, set to be announced on August 1. Kim Min-seok is focusing on 'policy,' Jeong Cheong-rae on 'reform,' and Song Young-gil on 'legitimacy.'On July 31, Kim will hold a policy concert titled 'Asking Youth for Directions' at Kyungpook National University in Daegu and Gyeongbuk. This event is seen as an effort to recover the party's youth support and showcas

South Korea has expressed its commitment to share development experiences to support Vietnam's medium- to long-term national development goals. During a meeting with Kim Yoon-deok, the Minister of Land, Infrastructure and Transport, General Secretary and President Nguyen Phu Trong proposed expanding cooperation in the fields of economy, investment, science and technology, and infrastructure, based on the two countries' comprehensive strategic partnership.On July 30, local media reports from Viet

The South Korean government has elevated its cooperation with Chile on key minerals to a ministerial level, aiming to secure supply chains for essential raw materials such as lithium and copper for future industries. The partnership will also expand collaboration in investment, defense, and digital sectors.On July 30, the Ministry of Trade, Industry and Energy signed a memorandum of understanding (MOU) for a Korea-Chile mineral resources partnership in Santiago, Chile, during President Lee Jae-m

South Korea's national tax revenue for the first half of 2026 reached 223 trillion won, driven by increases in securities transaction tax, income tax, and corporate tax.According to the Ministry of Finance on July 31, the national tax revenue for June was 23.1 trillion won, an increase of 5.5 trillion won compared to the same month last year.By tax category, the securities transaction tax rose by 1.2 trillion won from June of last year due to increased trading volume and the restoration of tax r

U.S. AI startup Anthropic has reported that its AI model Claude was involved in hacking incidents affecting three external organizations during testing. Following a similar incident at OpenAI last week, concerns about cybersecurity in AI are escalating.In a statement on July 30, Anthropic said, "During our review of cybersecurity assessments, we identified three instances where the Claude model accessed the internet and unauthorizedly interacted with the actual systems of three organizations." T