Kumho Tire Reports 2nd Quarter Operating Profit of 182.2 Billion Won, Expands High-Profit Tire Sales
Kumho Tire continued its growth in the second quarter of this year, driven by strong sales in the North American and European markets.The company reported an operating profit of 182.2 billion won for the second quarter, a 4% increase compared to the same period last year.Sales rose by 9.1% to 1.33 trillion won during the same period. This growth is attributed to an increase in original equipment (OE) tire supply and a rise in sales of high-profit replacement (RE) tires.The company also focused o
Bank of Korea Participates in 'Project Agora' Real Transaction Test, Validating Cross-Border Payment Potential
The Bank of Korea has participated in a real transaction test for 'Project Agora,' led by the Bank for International Settlements (BIS), confirming the operational feasibility of a tokenized cross-border payment system.On July 30, the Bank of Korea announced that through this month's Real Value Testing (RVT) for Project Agora, it has verified that the platform's key functions and operational processes can run stably in an environment similar to actual operations.Project Agora is a global initiati
Hyundai Card Adjusts Convenience Store Benefits Amid Cost Management
Hyundai Card is scaling back benefits offered at convenience stores. As the need for profitability management grows due to reduced merchant fees and increased procurement costs, the company is adjusting its strategy by modifying existing partnerships while expanding into new consumer areas.According to the card industry on July 30, Hyundai Card will reduce the M-point usage rate from 20% to 10% for major convenience stores in South Korea, including GS25, CU, 7-Eleven, and Emart24, starting Augus
Michelle Steel Begins Tenure as U.S. Ambassador to South Korea
미셸 스틸 신임 주한미국대사가 30일 한국에 부임했다. 도널드 트럼프 2기 행정부 첫 주한대사로, 성 김 전 대사에 이어 역대 두 번째 한국계 대사다. 대미 관세 협상과 안보 협력 등 한·미관계 앞에 놓인 현안을 진전시키는 데 어떤 역할을 할지 주목된다. 스틸 대사는 이날 인천국제공항에서 발표한 성명에서 “한국 국민 여러분께 정중히 인사드린다. 저는 서울에서 태어났지만 미국을 대표해 이 자리에 섰다. 이 자리에 다시 서니 만감이 교차한다”라고 한국어로 말했다. 이어 스틸 대사는 영어로 “미국과 한국
Dev Sisters Launches Global Release of Cookie Run: Crumble
Dev Sisters announced the global launch of its mobile idle role-playing game (RPG) 'Cookie Run: Crumble' on July 30. Cookie Run: Crumble is the first idle game developed under the Cookie Run intellectual property (IP). It features rapid growth and rewards typical of idle games, combined with strategies for cookie and pet combinations and dynamic battle scenes. The game has surpassed 2 million pre-registrations worldwide.The launch version includes a total of 69 cookies and 54 pets. Among them is
Muan County Council Holds Heated Session on Administrative Reports
The 310th Muan County Council's temporary session featured heated discussions on administrative reports, with sessions extending past 6 p.m. as council members expressed high interest and the administration provided responsible answers.On July 30, the administrative report was chaired by Vice Chair Yang Yeong-bok in place of Chair Im Yoon-taek. The meeting included reports and Q&A sessions from six departments, including marine and fisheries, construction, and regional development.From the first
Special Prosecutor Bill Passes National Assembly Amid Filibuster
On July 30, the ruling and opposition parties reached an agreement in the National Assembly to pass a special prosecutor bill and an extension of the national investigation into issues related to voter rights violations during the June 3 local elections. However, amendments to the Criminal Procedure Act and the National Assembly Act were delayed due to a filibuster initiated by the opposition. The ruling party plans to counter the unlimited debate with a motion to end it and pass both bills sequ
Joint Chiefs of Staff: Unidentified Aircraft in Northern Gyeonggi Confirmed as U.S. Drone
Northern Gyeonggi Province authorities confirmed that an unidentified aircraft spotted near the civilian control line was a U.S. drone conducting training exercises.A Joint Chiefs of Staff (JCS) official stated on July 30, "An unidentified aircraft was detected in the northern Gyeonggi area south of the General Outpost (GOP), and appropriate measures were taken according to operational procedures. Upon confirmation, it was identified as a U.S. drone, and the situation has been resolved."Resident
Samsung SDS Plans to Expand AI Infrastructure to 800MW by 2031
Samsung SDS plans to expand its artificial intelligence (AI) infrastructure from the current 110 megawatts (MW) to over 800 MW by 2031. As demand for the latest graphics processing units (GPUs) rapidly increases, the company will also significantly grow its AI transformation (AX) business in the finance and public sectors.In its preliminary second-quarter results, Samsung SDS reported revenues of 3.7178 trillion won and an operating profit of 231.8 billion won. Compared to the same period last y
Transforming Saemangeum into South Korea's Physical AI Capital
South Korea stands at a pivotal moment in the industrial revolution. Beyond semiconductors and generative AI, the era of Physical AI, where artificial intelligence drives real-world applications, is now upon us. This new phase involves AI controlling robots, managing factories, and autonomously overseeing systems in automotive, agriculture, logistics, and energy. The future competitiveness of nations will likely hinge not on how much AI is developed, but on how deeply it is integrated into indus