Hyosung Heavy Industries Joins Brazilian Hydropower Project, Secures Six High-Voltage Transformers
Hyosung Heavy Industries is participating in a hydropower project in Brazil.On July 28, Hyosung Heavy Industries announced that it has secured an order for six 500kV high-voltage transformers from Andritz Hydro, a company specializing in hydropower and power generation equipment. The transformers will be used at the 'Foz do Areia' hydropower plant located in the state of Paraná, Brazil.Brazil ranks second in the world for hydropower capacity, generating over 60% of its electricity from hydropowe
HD Construction Machinery Reports 92% Increase in Q2 Operating Profit
HD Construction Machinery has continued its trend of improving performance for the second consecutive quarter, driven by a profitability-focused product sales strategy and a recovery in the global market.On July 29, HD Construction Machinery announced that it achieved sales of 2.4342 trillion won and an operating profit of 248.9 billion won in the second quarter of 2026. This represents an 18.2% increase in sales and a 92% rise in operating profit compared to the same period last year.Sales grow
AI Experts Assess 21.5% Chance of Catastrophic Events from AI in Next Five Years
Global artificial intelligence (AI) experts have assessed that there is a greater than 20% chance AI could cause significant human and economic harm within the next five years.According to a report by Axios on July 27, researchers from the Massachusetts Institute of Technology (MIT) Future of Technology and the University of Queensland in Australia surveyed 272 AI experts from 37 countries to evaluate AI risks.The researchers assumed that companies and governments would continue to develop and u
Virtual Injection Service 'Maumjaro' Capitalizes on Popularity of Weight Loss Drug 'Mounjaro'
A new virtual injection service has emerged, targeting the popularity of the weight loss drug 'Mounjaro.' Named 'Maumjaro,' this service offers users an experience of receiving an injection by simply placing their smartphone on their abdomen, without administering any actual medication.Doctor Now, a telemedicine platform, recently launched 'Maumjaro,' a virtual experience service parodying Mounjaro.The Maumjaro page is designed to resemble an actual pharmaceutical purchase screen. The price is d
Rising Check Default Rates Signal Crisis for Small Businesses
Warnings are emerging that small businesses and self-employed individuals are reaching their breaking point. According to the Bank of Korea, the national check default rate in June hit 0.32%, the highest level recorded in over a year since May 2025. This figure represents an eightfold increase compared to December 2025, when the rate was just 0.04%. The rising default rate indicates that small and medium-sized enterprises (SMEs) and self-employed individuals are struggling to cope with worsening
National Assembly Speaker's Comments on Presidential Term Limits Spark Controversy
조정식 국회의장의 현직 대통령 연임 관련 발언이 정치권에 커다란 파장을 일으키고 있다. 조 의장은 취임 후 첫 기자간담회에서 야권이 개헌에 반대하는 이유로 현직 대통령의 임기 연장 문제가 거론된다는 질문에 대해 “권력구조 개편에서 현직 대통령 연임 개헌 문제는 결국 주권자 국민의 선택 문제”라고 답했다. 국가의 최고 입법기관을 이끄는 수장이 헌정 질서의 근간을 흔들 수 있는 현직 대통령의 연임 가능성을 열어두는 듯한 취지의 발언을 한 것이다. 가뜩이나 여야 간 대립이 첨예한 상황에서 국회의장의 선을
Korea Tourism Organization Restructures After 11 Years
The Korea Tourism Organization has undergone an organizational restructuring for the first time in 11 years. The changes, which will take effect on August 3, aim to enhance public-private collaboration, improve tourist experiences, and strengthen strategic marketing functions. This restructuring comes as the organization prepares for the '2027-2029 Visit Korea Year.'A key point of interest in this restructuring is how the organization will establish its presence through new initiatives.The organ
SK Hynix: AI Semiconductor Boom Expected to Last, HBM Leadership Strong
SK Hynix has dismissed concerns about a slowdown in artificial intelligence (AI) investment, stating that demand for high-bandwidth memory (HBM) and general DRAM and NAND has entered a structural growth phase. The company anticipates that the AI memory supercycle will last longer than previously expected.During a conference call on its second-quarter earnings held on July 29, SK Hynix noted, "AI infrastructure investment remains solid, and major customers are requesting even more memory supply."
Hanmi Pharmaceutical Shares Drop 17% Amid Poor Performance of Chinese Subsidiary
Hanmi Pharmaceutical is experiencing a decline in its stock price due to poor performance from its Chinese subsidiary. As of 2:02 PM on July 29, Hanmi Pharmaceutical's shares were trading at 310,000 won, down 64,500 won (17.22%) from the previous trading day. Earlier in the session, the stock fell more than 19%, reaching a low of 302,000 won. On the previous day, Hanmi Pharmaceutical announced its earnings, which revealed disappointing results from its Beijing Hanmi subsidiary, contributing to a
Seongnam Youth Foundation Expands Global Exchange Through International Youth Conference
The Seongnam Youth Foundation successfully concluded the '5th International Youth Conference in Seongnam' held from July 19 to 22.According to the foundation on July 29, this year's conference, themed 'Global Zalpha Life,' focused on cultural diversity and international cooperation.Participants included youth and leaders from seven cities across six countries: Seongnam, South Korea; Wrocław, Poland; Shenyang, China; Hong Kong; Semarang, Indonesia; Osaka, Japan; and Aurora, United States.Attendee