Government Completes 97% of National Farmland Survey, 27% Suspected of Violations
The government has classified 27% of the farmland surveyed nationwide as areas suspected of violating farmland laws. Notably, 21% of all farmland is suspected of illegal leasing, where owners are not actively farming despite being registered as self-cultivators. On July 30, the Ministry of Agriculture, Food and Rural Affairs announced the progress of the "National Farmland Survey and Future Plans" at the Government Sejong Complex. The ministry plans to complete the basic farmland survey by the
Court Dismisses Lee Kyu-won’s Constitutional Appeal in Kim Hak-eui Case
Lee Kyu-won, a former deputy chief prosecutor at the Daegu District Prosecutors' Office, had his constitutional appeal dismissed by the Constitutional Court after he sought to overturn a Supreme Court ruling related to his conviction for creating a false interview report in the investigation of former Justice Ministry official Kim Hak-eui's alleged involvement in a sex bribery scandal.According to legal sources on July 30, the Constitutional Court dismissed Lee's appeal on July 28, stating that
Amorepacific Group Reports 53% Increase in Q2 Operating Profit Amid Global Growth
Amorepacific Group reported double-digit growth in both sales and operating profit for the second quarter of this year, driven by strong performance in key domestic and international markets. On July 30, Amorepacific Group announced that its consolidated sales for the second quarter reached 1.2543 trillion won, with operating profit at 122.8 billion won. These figures represent increases of 14.6% and 53.3%, respectively, compared to the same period last year. In the domestic market, key produ
Shinsegae Centum City Expands Summer Attractions and Continues Scholarship Program
Shinsegae Centum City is launching a series of pop-up stores this summer, featuring eyewear, smartphones, and fashion goods. The shopping center is also continuing its scholarship program for local youth, now in its 18th year, which began in 2009.The pop-up store for the eyewear brand 'MUUT' will be open on the fourth floor of the department store until August 12.Under the slogan 'Always Curious,' MUUT reinterprets eyewear as a fashion accessory rather than just a vision correction tool. Custome
Lotte Innovate Shares Surge Over 10% Following Strong Q2 Earnings
Lotte Innovate's shares have surged more than 10% following the announcement of strong second-quarter earnings.According to the Korea Exchange, as of 2:30 PM, Lotte Innovate's stock was trading at 17,640 won, up 1,610 won (10.04%) from the previous trading day. The company started the day on a weak note but began to gain momentum after announcing its Q2 results at 10:10 AM.Lotte Innovate reported a consolidated operating profit of 12.4 billion won for the second quarter of this year, a 54% incre
National Pension Fund Faces 200 Trillion Won Loss Amid Market Volatility
Recent estimates suggest that the National Pension Service's evaluation gains from domestic stocks have sharply declined amid increasing market volatility.On July 30, related industry sources and online communities reported the spread of these estimates.The disclosed data includes projections of the National Pension's evaluation gains based on fluctuations in the KOSPI index, as well as analyses regarding the extension of the pension depletion period. Notably, the data indicates that while the K
LG Electronics Reports Record Q2 Revenue and Operating Profit Driven by Home Appliances and Automotive Business
LG Electronics reported record revenue and operating profit for the second quarter of this year, driven by growth in its home appliances and automotive businesses. The expansion of premium product sales and improvements in cost competitiveness boosted profitability. The company is also accelerating growth in new businesses, including robotics and AI data center cooling solutions, alongside its B2B and subscription services.On July 30, LG Electronics announced that its consolidated revenue for th
Samsung Electronics Reports Record Earnings, Stock Remains Steady
Samsung Electronics has reported its highest-ever earnings for the second quarter of this year, yet its stock has shown only modest gains. Analysts suggest that the market has already priced in much of the expected performance, leading to a cautious outlook on future profitability.As of 2:29 PM on the Korea Exchange, Samsung's stock was trading at 209,500 won, up 0.48% (1,000 won) from the previous trading day.On this day, Samsung announced that its consolidated operating profit for the second q
Lotte Fine Chemical Reports 611.5% Surge in Q2 Operating Profit
Lotte Fine Chemical announced on July 30 that it recorded sales of 586.3 billion won and an operating profit of 61.9 billion won for the second quarter of 2026. Compared to the same period last year, sales increased by 38.1%, while operating profit surged by 611.5%.The improvement in performance was influenced by a general market recovery due to rising international prices of major products and increased sales in specialty businesses, including food and pharmaceutical cellulose and semiconductor
Korean Football Association Faces Scrutiny After World Cup Exit
대한축구협회가 국회 청문회에 섰다. 국가대표팀이 2026 북중미 월드컵 조별리그에서 탈락한 뒤 협회 운영과 감독 선임 과정, 책임 소재를 따져야 한다는 목소리가 커진 데 따른 것이다. 정몽규 전 대한축구협회장과 홍명보 전 국가대표팀 감독도 출석해 성적 부진에 대해 사과했다. The Korean Football Association (KFA) faced a parliamentary hearing following the national team’s exit from the group stage of the 2026 North and Central America World Cup. This scrutiny arose from growing calls to examine the asso