The competition among asset managers to dominate the bio exchange-traded fund (ETF) market has intensified, but the results have been disappointing. A significant drop in common stocks with high weightings in bio shares has dragged down the overall performance of ETFs.According to the Korea Exchange, there are currently nine ETFs that invest in domestic bio companies. Among them, two were newly listed this month. Korea Investment Trust Management and Midas Asset Management launched the 'ACE K Bi

KB Kookmin Bank is set to raise interest rates on key household loan products. Following a reduction in the limits for mortgage loans aimed at home purchases, the bank is accelerating its management of total loan volumes.According to the financial sector on July 29, Kookmin Bank will increase interest rates on major credit loans, mortgage loans, and jeonse loans by 0.06 to 0.53 percentage points starting July 31.Specifically, the interest rate for the non-face-to-face product 'KB Star Apartment

Krafton has alleviated concerns about relying solely on its PUBG intellectual property (IP) by achieving record results in both the first half and second quarter of this year, driven by the performance of PUBG and the new title Subnautica 2. The company plans to launch new games based on Subnautica 2 and other IPs, marking the beginning of a multi-IP era.In the second quarter, Krafton reported revenues of 1.29 trillion won and an operating profit of 410.9 billion won, representing increases of 9

The Korea Food and Drug Administration (KFDA) has launched its first investigation research group to enhance the expertise of special judicial police (SJP) responsible for investigating food, drug, and medical narcotics crimes. The initiative aims to improve investigative capabilities by sharing knowledge of the criminal justice system and exemplary investigation cases.On July 28, the KFDA announced the establishment of the investigation research group named 'Sherlock Holmes' and held the '1st F

The South Korean government has announced a partnership with Brazil to establish a sustainable supply chain for critical minerals, including rare earths, that extends beyond securing stable supplies to include local processing and product manufacturing.Kang Yu-jung, the chief spokesperson for the Blue House, stated in a written briefing on July 28 that this agreement was reached during President Lee Jae-myung's state visit to Brazil, resulting in a joint statement on critical strategic minerals

Domestic companies are moving beyond supplying aircraft parts to participate in the joint development of next-generation commercial aircraft. Hyundai Motor Group plans to expand its cooperation into green energy sectors such as hydrogen and small modular reactors (SMRs) based on local production capabilities. At a Korea-Brazil business roundtable held in São Paulo on July 28, seven memorandums of understanding (MOUs) were signed in areas including aerospace, critical minerals, and AI healthcare.

Krafton reported a revenue of 1.29 trillion won and an operating profit of 410.9 billion won for the second quarter of this year, marking increases of 94.4% and 67%, respectively, compared to the same period last year.For the first half of the year, the company achieved a revenue of 2.66 trillion won and an operating profit of 972.5 billion won, both setting records for the period. These figures represent increases of 73.3% and 38.3% year-on-year, with the first half's operating profit accountin

The South Korean government is set to enhance economic cooperation with Brazil, focusing on three key areas: next-generation civil aircraft, critical mineral supply chains, and K-beauty.Specifically, South Korea and Brazil aim to double their trade volume, which reached $14.3 billion last year, within two years to address global uncertainties.During a business roundtable in São Paulo on July 28, South Korean President Lee Jae-myung stated, "We can achieve significant results in three areas: join

As the government, including the Ministry of Planning and Finance, rushes to reform local education grants citing declining student numbers, strong criticism has emerged from the education sector. It is argued that education finance should not be viewed merely through the lens of economic logic or cost-cutting, but rather as a necessary investment to secure South Korea's future growth potential. The Korea Association of Superintendents held a public discussion on the stabilization of local educa