Government Supports Scope 3 Emissions Calculation for Bio and Health Sector
The South Korean government is set to assist bio and health companies in calculating their greenhouse gas emissions as the mandatory sustainability disclosure for KOSPI-listed companies with total assets exceeding 10 trillion won begins in 2028. The government plans to establish Scope 3 calculation standards that reflect the industry's characteristics, covering everything from raw material procurement to clinical trials, production, distribution, and disposal.On July 30, the Ministry of Climate
Jared Leto Denies Sexual Assault Allegations Following BBC Documentary
Actor and Thirty Seconds to Mars frontman Jared Leto, 54, is facing allegations of sexual misconduct and grooming involving minors. The BBC reported on testimonies from 10 women regarding these claims, but Leto has categorically denied all allegations, stating, "I have never sexually assaulted anyone in my life."On July 29, the BBC released a documentary titled 'Jared Leto: Hollywood's Dark Secret.' The film includes testimonies from 10 women who claim to have met Leto, with four alleging that h
Pharmaceutical Companies on Edge as Drug Price Cuts Loom
내달부터 본격 시행될 예정인 정부의 약가 인하 정책에 국내 제약업계의 긴장감이 극도로 높아지고 있다. 업계에선 혁신형·준혁신형 제약기업 인증이 사실상 약가 방어막으로 여겨지면서 인증 확보와 연구개발(R&D) 확대에 사활을 걸고 있다. 다만 혁신형·준혁신형 신규 인증 제약사를 고려하지 않고 당장 8월부터 우대 방안이 시행된다는 점에서 업계 우려 목소리가 높다. 30일 업계에 따르면 보건복지부가 확정한 약가제도 개편의 핵심은 제네릭 약가 산정률을 오리지널 의약품 대비 53.55%에서 45% 수준으로 단계적으로 낮추는 데 있
Kangjin County Distributes Water and Fans to Protect Residents from Heatwave
Kangjin County has initiated a program to distribute bottled water and fans to residents and tourists to prevent heat-related illnesses during the ongoing heatwave. The Kangjin County Volunteer Group announced that from July 29 to August 24, they will conduct water distribution and heat prevention awareness activities at the Kangjin Passenger Terminal and the traditional market in Kangjin-eup. This campaign aims to prevent health issues caused by the summer heat and to raise safety awareness amo
K-Bank Reports 600 Billion Won in First Half Profit, Down 28% Year-on-Year
K-Bank reported disappointing results for the first half of the year. Despite an increase in personal business loans and interest income, a decline in non-interest income due to reduced bond sale profits hindered performance.On July 30, K-Bank announced a net profit of 600 billion won for the first half of the year, a 28.6% decrease from 842 billion won during the same period last year. In the second quarter alone, profits plummeted 60.7% to 268 billion won.The primary reason for the decline was
Fed Holds Rates Steady, Signals Increased Likelihood of Hikes This Year
The U.S. Federal Reserve has decided to keep its benchmark interest rate steady, but the call for rate hikes from three members of the Federal Open Market Committee (FOMC) has increased the likelihood of additional increases this year.Last month, all 12 voting members of the FOMC agreed to maintain the current rate, but this time, three members advocated for a 0.25 percentage point increase. In the Fed's recent interest rate projections, half of the members anticipated at least one rate hike by
MirrorAI Launches AI Dating App 'Mirror' to Facilitate Introductions
MirrorAI has announced the launch of its relationship agent app, 'Mirror,' which uses artificial intelligence (AI) to engage in initial conversations with other users' AIs and analyze compatibility.Unlike traditional dating apps that focus on profiles and conditions, Mirror employs an AI that learns users' preferences, values, and communication styles to find suitable matches. The AI reduces the burden of making first contact and the fatigue of repetitive condition searches, leaving the final de
Gwangju City Activates Drought Response Center for Agricultural Water Supply
Gwangju City has activated an agricultural water drought response center to address the ongoing lack of rainfall and declining reservoir levels until the farming season concludes. On July 30, Gwangju City announced that it is collaborating with local governments and the Korea Rural Community Corporation to continuously monitor the agricultural water supply situation and implement an emergency water supply system in areas at risk of shortages. As of July 24, the average reservoir level for agricu
Korea's Trade Chief Visits U.S. to Discuss Trade Issues Including Coupang
Yeo Han-goo, head of the Ministry of Trade, Industry and Energy's trade negotiation office, is set to visit the United States just five days after returning to Korea. This trip aims to address ongoing trade issues, including those related to Coupang.The ministry announced on July 30 that Yeo will be in the U.S. from today until August 2.A ministry official stated, "This visit is timed with the National Governors Association meeting, allowing for discussions with governors on key trade issues wit
People Power Party Confirms Kim Jung-jae as Candidate for Gender Equality Family Committee Chair
The People Power Party confirmed on July 30 that Kim Jung-jae, a three-term lawmaker, will be the candidate for the chair of the Gender Equality Family Committee in the 22nd National Assembly.During a party meeting held at the National Assembly, Kim was unanimously endorsed as the sole candidate for the position. Kim Seung-soo, the party's floor operations chief, announced, "I declare that Kim Jung-jae has been elected as the candidate for the chair of the Gender Equality Family Committee." Kim