Last month, industrial production increased by 2.3% compared to the previous month, driven by growth in both mining and service sectors, along with rising retail sales and facility investment, marking a 'triple increase' for the first time in three months.According to the National Data Agency's 'June Industrial Activity Trends' report released on July 31, the overall industrial production index reached 120.1 (2020=100), with mining (6.4%) and services (0.7%) both showing increases, resulting in

The KOSPI index has experienced three consecutive days of declines, dropping 1,162.19 points, as market attention shifts from the index's fall to the scale of forced liquidations and margin calls. Concerns are growing that the drop in collateral value could lead to increased volatility in the stock market.According to the Korea Financial Investment Association, the scale of forced liquidations on July 29 reached 61.1 billion won, a staggering 340% increase from the previous day's 13.9 billion wo

Wang Hong, a 35-year-old professor at the Institut des Hautes Études Scientifiques in France, has become the first Chinese recipient of the Fields Medal, often referred to as the Nobel Prize of Mathematics. His life story has resonated deeply within Chinese society.According to local media reports on July 30, the Guangxi Daily, the official newspaper of the Guangxi Zhuang Autonomous Region, sold out its July 25 edition, which featured Wang's story on the front page.Speculators resold copies of t

President Donald Trump announced that an agreement has been reached for all armed groups in the Gaza Strip, including the Palestinian militant group Hamas, to completely disarm.On July 30, Trump stated on social media platform Truth Social that the "Board of Peace" has achieved a historic agreement to fully disarm Hamas and all armed factions in Gaza.He described the agreement as a crucial step in implementing his "20-point Gaza Peace Plan."The disarmament will be carried out in phases. As Hamas

◆Aju Economy Major News▷Retail investors sell off as KOSPI and KOSDAQ drop amid market downturn- Despite Samsung Electronics' strong second-quarter performance, the KOSPI and KOSDAQ fell by 1.23% and 2.70%, respectively, marking three consecutive days of decline in the domestic stock market.- Samsung Electronics and SK Hynix surged early in the session on performance expectations but ultimately gave back their gains and closed lower, with individual investors net selling 1.4199 trillion won in t

Apple reported strong third-quarter results, driven by robust sales of iPhones and Macs, exceeding market expectations. However, the company's stock fell nearly 8% in after-hours trading due to disappointing growth in its services segment, which includes the App Store and iCloud, and a fourth-quarter revenue outlook that fell short of projections.On July 30, Apple announced that its revenue for the third quarter of fiscal year 2026 (April to June) increased by 16.4% year-over-year to $109.4 bill

President Yoon Suk Yeol on July 30, local time, presented the joint venture between South Korea's LS Group and Chile's state-owned Codelco as a successful model for cooperation in critical minerals, suggesting its expansion into advanced manufacturing and defense industries.Speaking at a Korea-Chile Business Roundtable held at a hotel in Santiago, Yoon expressed hope that "the joint venture between LS and Codelco can be further expanded in the future."He emphasized that by joining forces, the tw

South Korea and Chile have established a long-term cooperation framework in defense and maritime security, following a contract for the export of South Korean military vehicles to Chile. Kang Yu-jeong, the chief spokesperson for the Blue House, announced on July 30 (local time) that President Lee Jae-myung and Chilean President José Antonio Kast held a summit at the Moneda Palace in Santiago, welcoming the signing of the military vehicle export agreement and agreeing to continue discussions amon

Amazon reported strong second-quarter results, exceeding market expectations, driven by robust growth in its cloud business. Despite a shift to negative free cash flow due to significant investments in artificial intelligence (AI), shares of Amazon Web Services (AWS) surged nearly 8% in after-hours trading.On July 30, Amazon announced that its second-quarter revenue reached $200.6 billion, a 20% increase from the same period last year, surpassing market estimates of approximately $196.5 billion.