The Small Business Market Promotion Agency announced on July 30 that it visited the production facility of Seonyang Soju and the Gyejoksan Mud Road on July 29 to enhance the ESG management of private companies and the innovative capabilities of their employees. This visit was organized as a follow-up to a special lecture by Seonyang Chairman Jo Woong-rae in June, which focused on the philosophy behind the company's success and the background of the 990 won Good Soju. The on-site exploration incl

Chinese Ambassador to South Korea Dai Bing visited Ulsan on July 30 to discuss expanding cooperation in future advanced industries with Ulsan Mayor Kim Sang-wook. This marks the first official visit by a Chinese ambassador to Ulsan in 12 years, and it is expected to enhance economic and industrial collaboration between the industrial city of Ulsan and China.On the morning of his visit, Ambassador Dai met with Mayor Kim at Ulsan City Hall to discuss economic and industrial cooperation. Following

The ruling Democratic Party and the opposition People Power Party reached an agreement on July 30 regarding a special investigation law aimed at uncovering the circumstances surrounding the shortage of ballots during the June 3 local elections. The law, which will allow for an investigation into the Central Election Commission, is expected to be processed in the afternoon session of the National Assembly.During a meeting of the floor leaders at the National Assembly, the two parties finalized th

A recent survey revealed that 25.8 billion won was invested in the growth of venture companies over the past six months.The Venture Business Association announced on July 30 that it facilitated a total of 25.83 billion won in funding for venture companies during the first half of this year through the 'Venture Finance Forum,' supporting their growth and scaling efforts.The forum was held three times in the first half of the year, starting with a briefing on policy funds from policy finance insti

The Fair Trade Commission (FTC) has begun sanction procedures against seven manufacturers and sellers involved in bid rigging for biofuel supply over the past 11 years.On July 30, the FTC announced that it submitted a report on the bid rigging activities of the seven biofuel companies to the commission and sent it to the defendants. The report, akin to an indictment, triggers the review process once it is delivered to the defendants.The companies involved are △DS Danseok △Aekyung Chemical △SK Ec

Samsung Electro-Mechanics reported an earnings surprise for the second quarter, driven by a surge in demand for artificial intelligence (AI) servers and automotive components. The company secured long-term supply contracts for multilayer ceramic capacitors (MLCC) with over ten major clients, establishing a foundation for mid- to long-term growth.On July 30, Samsung Electro-Mechanics announced that its consolidated revenue for the second quarter reached 3.4572 trillion won, with an operating prof

Recently, B, the individual who sparked controversy by revealing inappropriate relations and personal details about actor Hwang Jung-min on social media, has rebutted claims of stalking made by Hwang's side, stating it was a legitimate request for clarification.On July 30, B posted an official statement on their social media, disclosing that they are currently pursuing a civil lawsuit against Hwang Jung-min. B claims that this incident represents emotional, sexual, and labor exploitation within

Gwangju Bank and Chonnam National University are collaborating to cultivate artificial intelligence talent. On July 30, the two institutions signed a memorandum of understanding (MOU) at Chonnam National University to promote local AI talent development and support the university's designation as a national flagship institution. As part of the agreement, they will implement four key programs, including internships for students, the establishment of a joint AI research center, customized training

Samsung Electronics has entered into long-term supply contracts of up to five years with major global tech companies, aiming to establish a stable revenue structure. As the demand for semiconductor supply is expected to continue until 2028 due to the expansion of artificial intelligence (AI) infrastructure, Samsung has achieved record sales in both DRAM and NAND flash products.During a conference call on its second-quarter earnings held on July 30, Samsung reported that its semiconductor (DS) di