Dongkuk Steel's Vice Chairman Takes Direct Role in Nurturing Future Architecture Talent
Jang Se-wook, Vice Chairman of Dongkuk Steel Group, is taking a direct role in nurturing future architecture talent.On July 30, Dongkuk Steel Group announced that it held a ceremony at its headquarters, Ferum Tower in Suha-dong, Seoul, to officially appoint seven university students as the first class of the 2026 Songwon Future Architecture Fellowship, known as Luxteelier.During the ceremony, Jang Se-wook, who is also the chairman of the Songwon Cultural Foundation, personally presented the appo
Inje's Mountain Villages Face Delivery Challenges for 859 Households
강원 인제군 산간마을 16곳, 859가구가 택배를 집 앞까지 받지 못하는 것으로 나타났다. 인제군은 주민 불편을 줄이고 배송업체의 부담을 덜기 위한 생활물류 지원방안 마련에 나섰다. 30일 인제군에 따르면 군은 지난 29일 군청 소회의실에서 택배 취약지역의 배송 실태를 점검하고 개선방안을 논의하는 간담회를 열었다. 이날 회의에는 최상기 인제군수와 김춘미 관광경제국장, 신선미 경제산업과장을 비롯한 군 관계자, 로젠택배와 CJ대한통운, 한진택배, 롯데택배, 우체국택배 관계자 등 11명이 참석했다. 인제군은 행정구역이 넓고
Chungcheong Region Accelerates 392 Trillion Won Investment with First Public-Private Task Force Meeting
The government, local authorities in the Chungcheong region, and major investment companies convened to discuss the implementation of investments in advanced industries. This meeting aims to expedite the 392 trillion won investment announced at the National Report Meeting on the Vision for Advanced Industries in the Chungcheong region.On July 30, the Ministry of Trade, Industry and Energy held the first meeting of the 'Chungcheong Advanced Strategic Industries Leap Task Force' (Chungdae TF) to d
New Certification System for Large Wind Turbines Introduced in South Korea
The South Korean government is introducing a new certification system for key components of large wind turbines. This initiative aims to reduce the burden on wind energy companies by minimizing the need for full turbine certifications whenever there are changes in tower height or specifications.On July 30, the Ministry of Trade, Industry and Energy announced the formal implementation of RNA KS certification for the core components of large wind turbines. RNA, which includes the rotor and nacelle
Despite Record Exports, Port Cargo Volume Declines in Q2
South Korea's exports reached record levels, yet cargo volume at trade ports declined in the second quarter. Both import/export and coastal cargo volumes fell, showing a 4.8% decrease compared to the same period last year.According to the Ministry of Oceans and Fisheries' report on national trade port cargo volume for the second quarter of 2026, the total cargo volume was 375.95 million tons, down 4.8% from the previous year. The import/export cargo volume decreased by 5.6% to 319.01 million ton
South Korea to Align Animal Drug Standards with International Guidelines to Boost Exports
The South Korean government is set to adjust the production and quality management standards for animal drugs to align with international levels. This move aims to enhance the export competitiveness of domestically produced animal pharmaceuticals. The Ministry of Agriculture, Food and Rural Affairs announced on July 30 that it has revised and published the 'Regulations on the Handling of Animal Drugs.' First, the Good Manufacturing Practice (GMP) standards will be strengthened to meet interna
Ruling Party Affirms Commitment to Criminal Procedure Law Reform
The Democratic Party reaffirmed its commitment to the upcoming reform of the Criminal Procedure Law, stating on July 30 that it aligns with the demand for the separation of investigation and prosecution, emphasizing that the prosecutor and judicial system exist for the people.Acting Party Leader Han Byeong-do remarked during a policy coordination meeting at the National Assembly, "The Criminal Procedure Law is shedding its outdated framework of 70 years and adopting a new one that guarantees cit
Samsung Electronics Rules Out U.S. ADR Listing, Citing Stable Cash Generation
Samsung Electronics stated during its second-quarter earnings conference call on July 30 that the consideration of a U.S. ADR listing involves more than just entering overseas capital markets. The company emphasized the need to evaluate funding purposes and the expansion of global investors comprehensively. They noted that the structure of limited shares traded in a separate overseas market raises questions about whether it can provide tangible benefits to long-term investors who have trusted an
U.S. Crude Oil Inventories Hit 43-Year Low Amid Rising Tensions
U.S. crude oil inventories are rapidly declining as tensions between the United States and Iran escalate.According to the Financial Times, as of July 24, commercial crude oil stocks in the U.S. fell by 7.2 million barrels, while strategic petroleum reserves (SPR) decreased by 3.8 million barrels. This brings the SPR down to 307 million barrels, the lowest level since March 1983.The increase in refinery production, driven by soaring fuel prices, has contributed to this decline. The U.S. governmen
NH Nonghyup Bank Launches Digital Power of Attorney Service for Overseas Koreans
NH Nonghyup Bank has introduced a 'Digital Consular Certification Power of Attorney' service to enhance the convenience of domestic financial transactions for overseas Koreans.The bank announced on July 30 that it will implement the digital consular certification power of attorney service for overseas nationals and foreign nationals of Korean descent.The digital consular certification power of attorney allows for the issuance of a power of attorney certified by a consulate as an electronic docum