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Korea's leading economic newspaper. Latest business news, stock market, economy, finance, and technology updates in English.
Site URL: en.sedaily.com
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KT Opens 410 Stores Nationwide as Heat Wave Shelters
https://en.sedaily.com/technology/2026/08/07/kt-opens-410-stores-nationwide-as-heat-wave-shelters
Published: August 7, 2026 01:28
KT is operating 410 of its stores in Seoul, Busan, Daejeon and other cities nationwide as heat wave shelters, offering citizens safe places to rest during the extreme heat.
Han Byung-do Slams Opposition Leader Over 'Mental State' Remark About President
https://en.sedaily.com/politics/2026/08/07/han-byung-do-slams-opposition-leader-over-mental-state
Published: August 7, 2026 01:28
Democratic Party acting leader Han Byung-do slammed PPP leader Jang Dong-hyeok over his remark questioning President Lee Jae-myung's "mental state," calling it a malicious political offensive.
Hugel's Toxin Exports Drive Growth; Analyst Sees H2 Stock Rebound
https://en.sedaily.com/finance/2026/08/07/hugels-toxin-exports-drive-growth-analyst-sees-h2-stock
Published: August 7, 2026 01:21
Hugel's Q2 revenue rose 25.1% to 137.9 billion won on strong botulinum toxin exports to China and North America. Analysts see H2 earnings improvement and a stock rebound.
Moderna Wins FDA Nod for World's First mRNA Flu Vaccine
https://en.sedaily.com/finance/2026/08/07/moderna-wins-fda-nod-for-worlds-first-mrna-flu-vaccine
Published: August 7, 2026 01:15
Moderna's mNEXSPIKE, the world's first mRNA-based flu vaccine, wins FDA approval for adults aged 50 and older, showing 26.6% higher efficacy than standard-dose flu vaccines.
LG's EXAONE Industrial AI Outperforms Google, Alibaba
https://en.sedaily.com/finance/2026/08/07/lgs-exaone-industrial-ai-outperforms-google-alibaba
Published: August 7, 2026 01:10
LG's EXAONE AI outperformed Google and Alibaba in industrial-specific AI, with Tabular and Forecast models recording state-of-the-art performance in structured data and time-series prediction.
Man in His 50s Indicted for Robbery-Murder in Suyu-dong Officetel Killing
https://en.sedaily.com/society/2026/08/07/man-in-his-50s-indicted-for-robbery-murder-in-suyu-dong
Published: August 7, 2026 01:05
A man in his 50s has been indicted on robbery-murder charges for killing a woman at an officetel in Seoul's Suyu-dong, after police found he intended to rob the victim.
Gangnam, Ultra-Premium Single-Home Owners Hit by 'Tax Bomb'; Oh Se-hoon Fires Back
Published: August 7, 2026 01:03
Seoul Mayor Oh Se-hoon criticized the government's plan to strengthen property holding taxes, warning it will only push up jeonse and monthly rents while failing to rein in home prices.
Even a 'Legend' Departs: Google Reorganizes as It Falls Behind in AI
Published: August 7, 2026 01:01
Google reorganizes its AI operations around Mountain View as DeepMind CEO Hassabis and 'AlphaGo father' Jeff Dean depart amid a Big Tech talent battle with OpenAI and Anthropic.
Thirty Years of No-Layoff Principle: Nvidia Expands Hiring Amid Big Tech Cuts
https://en.sedaily.com/finance/2026/08/07/thirty-years-of-no-layoff-principle-nvidia-expands-hiring
Published: August 7, 2026 01:01
Nvidia expands hiring under its 30-year no-layoff principle as Meta and Microsoft cut jobs, while Korea's wage arrears prosecutions hit a five-year high and Google loses key AI talent.
Korea Coast Guard Arrests 249 in Poppy, Cannabis Cultivation Crackdown
Published: August 7, 2026 01:01
The Korea Coast Guard arrested 249 people and seized 29,438 poppy plants in a four-month crackdown on illegal poppy and cannabis cultivation across rural and fishing communities.
SK hynix Hits Limit-Low on Just 11 Shares Despite 1,100 Trillion Won Market Cap
https://en.sedaily.com/finance/2026/08/07/sk-hynix-hits-limit-low-on-just-11-shares-despite-1100
Published: August 7, 2026 01:00
SK hynix hit a session limit-low on just 11 shares in the alternative trading system's pre-market despite a 1,100 trillion won market cap, renewing calls for volatility safeguards.
Kakao's First AI Play Is Food Delivery, Teaming Up with Coupang Eats
https://en.sedaily.com/finance/2026/08/07/kakaos-first-ai-play-is-food-delivery-teaming-up-with
Published: August 7, 2026 01:00
Kakao picks food delivery as its first AI vertical, partnering with Coupang Eats to bring ordering to KakaoTalk, while Meta joins the AI coding race and Google reorganizes DeepMind.
Korean Won Hits 10-Month High Against Dollar Amid Stock Plunge
https://en.sedaily.com/society/2026/08/07/korean-won-hits-10-month-high-against-dollar-amid-stock
Published: August 7, 2026 01:00
The won-dollar rate fell to 1,414.5 won on the 6th, its lowest in 10 months, as won strength defied a 4.6% KOSPI plunge and heavy foreign net selling of 3.3 trillion won.
"Sharing Chip Profits Will Cost Korea the Race," Warns Industry Minister
https://en.sedaily.com/finance/2026/08/07/sharing-chip-profits-will-cost-korea-the-race-warns
Published: August 7, 2026 01:00
Industry Minister Kim Jung-kwan warned that socially distributing chip profits from Samsung and SK hynix would cost Korea the semiconductor race, citing China's CXMT investments.
Chinese Memory Makers Infiltrate Global PC Supply Chain Amid Chip Shortage
https://en.sedaily.com/society/2026/08/07/chinese-memory-makers-infiltrate-global-pc-supply-chain
Published: August 7, 2026 01:00
China's CXMT DRAM share jumped to 7% in Q2 while SK hynix fell to 26%, entering the global PC supply chain amid a chip shortage as the won hit a 10-month low.
LG Electronics Offers StanbyME2 at Half Price for Large TV Subscribers
https://en.sedaily.com/finance/2026/08/07/lg-electronics-offers-stanbyme2-at-half-price-for-large-tv
Published: August 7, 2026 00:59
LG Electronics is offering its StanbyME2 stand-type TV at 50% off the subscription fee for customers who subscribe to one of 20 large TV models at 431 Best Shop stores nationwide.
GS Caltex 'Maeum Talk Talk' Helps At-Risk Youth Grow Into Healthy Citizens
https://en.sedaily.com/society/2026/08/07/gs-caltex-maeum-talk-talk-helps-at-risk-youth-grow-into
Published: August 7, 2026 00:58
GS Caltex concluded the first-half session of "Maeum Talk Talk," an 11-year youth healing program combining counseling and baduk to help at-risk youth in eastern Jeonnam adjust to society.
HD Hydrogen Completes Mass Production System for Korean-Style SOFC
https://en.sedaily.com/finance/2026/08/07/hd-hydrogen-completes-mass-production-system-for-korean
Published: August 7, 2026 00:57
HD Hydrogen, HD Hyundai's fuel cell unit, has completed a mass production system for Korean-style SOFC, launching its HD250 and HD300 power generation products two years after founding.
Onehundred CEO Cha Ga-won Detained Over Alleged 30 Billion Won Fraud
https://en.sedaily.com/society/2026/08/07/onehundred-ceo-cha-ga-won-detained-over-alleged-30-billion
Published: August 7, 2026 00:56
Cha Ga-won, CEO of label Onehundred, has been referred to prosecutors in custody over alleged fraud exceeding 30 billion won, including receiving a 24.2 billion won advance from Nomus.
Hyundai Dept Store Partners with KOCCA to Expand K-Fashion Overseas
https://en.sedaily.com/finance/2026/08/07/hyundai-dept-store-partners-with-kocca-to-expand-k-fashion
Published: August 7, 2026 00:53
Hyundai Department Store signed an MOU with KOCCA to support K-fashion designer brands' overseas expansion, starting with a pop-up at Parco Shibuya in Tokyo in September.
Civic Group Warns Seoul's Redevelopment Push Could Worsen Rental Crisis
https://en.sedaily.com/society/2026/08/07/civic-group-warns-seouls-redevelopment-push-could-worsen
Published: August 7, 2026 00:52
The Citizens' Coalition for Economic Justice urged Seoul to review its redevelopment policy, warning 225,000 demolished units could raise rental demand by 8% and worsen the rental crisis.
Busan Startup Fivex Targets Global Collab Market With Actress Ha Ji-won
https://en.sedaily.com/finance/2026/08/07/busan-startup-fivex-targets-global-collab-market-with
Published: August 7, 2026 00:49
Busan startup Fivex has launched its first fashion collection "FIXE×Ha Ji-won" with actress-painter Ha Ji-won as co-creator, producing 150 limited pieces worldwide.
Naver CEO Calls AI Factory an Investment in Structural Growth, Eyes Monetization Next Year
https://en.sedaily.com/technology/2026/08/07/naver-ceo-calls-ai-factory-an-investment-in-structural
Published: August 7, 2026 00:48
Naver CEO Choi Soo-yeon called the Nvidia AI factory project an investment in structural growth, with Nvidia joining a $1 billion rights offering and monetization expected in 2026.
7-Eleven Joins Coupang Eats, Plans 24-Hour Delivery Within Year
https://en.sedaily.com/finance/2026/08/07/7-eleven-joins-coupang-eats-plans-24-hour-delivery-within
Published: August 7, 2026 00:46
7-Eleven joins Coupang Eats across about 1,500 stores in Korea, plans a 24-hour delivery system within the year, and offers launch promotions including discount coupons.
KOSPI Pauses Near 6,300, KOSDAQ Extends Gains for Sixth Session
https://en.sedaily.com/finance/2026/08/07/kospi-pauses-near-6300-kosdaq-extends-gains-for-sixth
Published: August 7, 2026 00:46
The KOSPI hovered around 6,300 on the 7th amid foreign and institutional net buying, while the KOSDAQ extended gains for a sixth straight session, led by battery stocks such as Ecopro and Samsung SDI.
HMM Hosts Children's Merchant Ship Experience Event
https://en.sedaily.com/finance/2026/08/07/hmm-hosts-childrens-merchant-ship-experience-event
Published: August 7, 2026 00:42
HMM held its "2026 Children's Merchant Ship Experience" event, giving about 20 elementary school students hands-on tours of Busan New Port and ship navigation simulations.
Seoul Hits 39°C Despite Start of Autumn as Western Heat Persists
https://en.sedaily.com/society/2026/08/07/seoul-hits-39c-despite-start-of-autumn-as-western-heat
Published: August 7, 2026 00:42
Seoul's daytime high is forecast to reach 39 degrees Celsius on the 7th, the start of autumn, as extreme heat persists west of the Taebaek Mountains while the east coast faces up to 150mm of weekend rain.
Police, Labor Ministry Raid HL Mando Pyeongtaek Plant Over Worker's Death
https://en.sedaily.com/society/2026/08/07/police-labor-ministry-raid-hl-mando-pyeongtaek-plant-over
Published: August 7, 2026 00:41
Police and Korea's labor ministry raided HL Mando's Pyeongtaek plant 16 days after a subcontractor worker was crushed to death by machinery, launching a compulsory investigation into safety management.
KOMSCO Hosts Gathering of Former Presidents
https://en.sedaily.com/society/2026/08/07/komsco-hosts-gathering-of-former-presidents
Published: August 7, 2026 00:38
KOMSCO held a gathering of six former presidents in Seoul on the 7th to review its management innovation and discuss a future vision, including 1 trillion won in revenue, for its 80th anniversary in 2031.
Six Business Groups Welcome Domestic Production Tax Credit, Urge Swift Detailed Rules
https://en.sedaily.com/finance/2026/08/07/six-business-groups-welcome-domestic-production-tax-credit
Published: August 7, 2026 00:37
Six major Korean business groups welcomed the domestic production tax credit in the government's 2026 tax reform proposal, urging swift detailed rules on eligible items and deductions.
Ruling Party's Kim Nam-keun: Temporary Non-Residence to Be Broadly Recognized
https://en.sedaily.com/politics/2026/08/07/ruling-partys-kim-nam-keun-temporary-non-residence-to-be
Published: August 7, 2026 00:35
Democratic Party Rep. Kim Nam-keun said temporary non-residence should be broadly recognized under Korea's real estate tax reform, and criticized Seoul Mayor Oh Se-hoon over housing supply cooperation.
Lotte Shopping Operating Profit Jumps 121% on Record Department Store Sales
Published: August 7, 2026 00:34
Lotte Shopping's Q2 operating profit jumped 121% to 89.9 billion won, led by record department store sales of 891.2 billion won on strong foreign tourist demand.
Seoul Selects 18 Top 'Seoul Stay' Lodgings as Foreign Visitors Embrace City Life
https://en.sedaily.com/society/2026/08/07/seoul-selects-18-top-seoul-stay-lodgings-as-foreign
Published: August 7, 2026 00:30
Seoul selected 18 lodgings as "2026 Top Seoul Stay," including 10 urban guesthouses and 8 hanok sites, with strengthened safety evaluations and up to 5 million won in support.
North Korean Wooden Box Mines Wash Ashore in Incheon's Ganghwa County
https://en.sedaily.com/society/2026/08/07/north-korean-wooden-box-mines-wash-ashore-in-incheons
Published: August 7, 2026 00:28
North Korean wooden box mines, presumed swept away by heavy rainfall, are washing ashore in Incheon's Ganghwa County, with 12 found in two weeks as authorities boost safety measures.
Power Outages Hit Cities Nationwide During Tropical Nights, Leaving Residents Without Cooling
https://en.sedaily.com/society/2026/08/07/power-outages-hit-cities-nationwide-during-tropical-nights
Published: August 7, 2026 00:27
Nighttime power outages struck apartment complexes in Seoul's Gwanak District and Suncheon on the 6th, leaving over 1,000 households without cooling amid tropical night heat.
Opposition Slams Lee Government Housing Supply, Ahn Calls Him "President Who Gave Up Supply"
https://en.sedaily.com/politics/2026/08/07/opposition-slams-lee-government-housing-supply-ahn-calls
Published: August 7, 2026 00:27
PPP lawmaker Ahn Cheol-soo slammed the Lee Jae-myung government's housing policy, noting first-half Seoul groundbreakings hit just 19% of target, calling it a "default" situation.
Nexen Tire Hosts Midsummer Night Circuit Race
https://en.sedaily.com/society/2026/08/07/nexen-tire-hosts-midsummer-night-circuit-race
Published: August 7, 2026 00:26
Nexen Tire will host the third round of its Speedway Motor Festival at Everland Speedway on the 8th, featuring a midsummer "Night Festival" circuit race and hands-on programs.
K-Deep Tech Firms Seek US Market Entry Solutions at UKC
https://en.sedaily.com/society/2026/08/07/k-deep-tech-firms-seek-us-market-entry-solutions-at-ukc
Published: August 7, 2026 00:23
K-deep tech firms from Korea's R&D special zones explored US market entry strategies at the Global Deep Tech Commercialization Forum during UKC 2026 in Orlando, Florida.
Used Furniture Trade Booms as Buyers Snap Up Deals
https://en.sedaily.com/finance/2026/08/07/used-furniture-trade-booms-as-buyers-snap-up-deals
Published: August 7, 2026 00:22
Used furniture trading on Korean apps like Bunjang is growing about 25% annually, with buyers in their 30s leading and one sofa listed at 20 million won selling for 5.2 million won.
Goyang Launches Parking-Sharing Program Using Idle Lots
https://en.sedaily.com/society/2026/08/07/goyang-launches-parking-sharing-program-using-idle-lots
Published: August 7, 2026 00:21
Goyang City launches a parking-sharing program opening idle parking spaces at apartment complexes, religious facilities, schools, and shops to residents during low-demand hours.
Joint Investigators Raid Seoul, Gyeonggi, Chungbuk Election Offices Over Vote Tally Manipulation
https://en.sedaily.com/society/2026/08/07/breaking-news-joint-probe-team-raids-election-commissions
Published: August 7, 2026 00:15
A joint police-prosecution unit raided the NEC and election offices in Seoul, Gyeonggi and Chungbuk over alleged voter turnout manipulation during Korea's June 3 local elections.
Breaking News: Joint Investigation Team Raids Seoul, Gyeonggi, Chungbuk Election Commissions Over Statistics Manipulation
Published: August 7, 2026 00:12
A joint investigation team carried out additional raids on the Seoul, Gyeonggi and Chungbuk election commissions in connection with an alleged statistics manipulation case.
KOSDAQ Opens Up 5.95 Points at 807.62
https://en.sedaily.com/finance/2026/08/07/kosdaq-opens-up-595-points-at-80762
Published: August 7, 2026 00:03
The KOSDAQ index opened up 5.95 points, or 0.74 percent, at 807.62.
KOSPI Opens Up 68.69 Points at 6,365.07
https://en.sedaily.com/finance/2026/08/07/kospi-opens-up-6869-points-at-636507
Published: August 7, 2026 00:03
The KOSPI opened at 6,365.07, up 68.69 points, or 1.09 percent.
Seoul Hits 39.9°C, Year's Highest; Dual Heat Dome to Weaken This Weekend
Published: August 6, 2026 23:48
Seoul hit 39.9°C on the 6th, its highest this year, as a dual heat dome grips Korea. The heat peaks on the 7th before easing this weekend, but sweltering weather continues.
Gyeonggi Province Cracks Down on Holiday Season Price Gouging
https://en.sedaily.com/society/2026/08/06/gyeonggi-province-cracks-down-on-holiday-season-price
Published: August 6, 2026 23:42
Gyeonggi Province is running a special price stabilization period through August to crack down on price gouging and unfair practices at beaches and valleys during the summer holiday season.
Son Seo-yeon Scores 28 as U-17 Women's Volleyball Wins World Debut
https://en.sedaily.com/sports/2026/08/06/son-seo-yeon-scores-28-as-u-17-womens-volleyball-wins-world
Published: August 6, 2026 23:28
South Korea's U-17 women's volleyball team beat Puerto Rico 3-1 in its World Championship debut in Chile, with Son Seo-yeon scoring a match-high 28 points.
Seoul's Shade Shelters Vary Fivefold by District Amid Heat Wave
https://en.sedaily.com/society/2026/08/06/seouls-shade-shelters-vary-fivefold-by-district-amid-heat
Published: August 6, 2026 23:24
Seoul's crosswalk shade shelters vary more than fivefold by district amid a record heat wave, with data showing installation levels linked to each district's fiscal conditions.
Suwon Opens Bid for 'Saebit Town' Redevelopment Candidate Sites
https://en.sedaily.com/society/2026/08/06/suwon-opens-bid-for-saebit-town-redevelopment-candidate
Published: August 6, 2026 23:17
Suwon will accept applications from the 10th for "Saebit Town" candidate sites to improve aging low-rise residential areas, with up to three sites to be selected in February 2026.
Yongin Launches Online Vote for Best Nighttime Tourism Content
https://en.sedaily.com/society/2026/08/06/yongin-launches-online-vote-for-best-nighttime-tourism
Published: August 6, 2026 23:16
Yongin holds an online voting event from the 10th to the 23rd, letting residents and tourists choose their favorite among 10 nighttime smart tourism courses selected by travel influencers.
Seongnam Youth Orchestra Festival Opens on the 16th
https://en.sedaily.com/culture/2026/08/06/seongnam-youth-orchestra-festival-opens-on-the-16th
Published: August 6, 2026 23:15
Seongnam's 3rd Youth Orchestra Festival opens on the 16th, featuring 1,480 performers across 10 free concerts through September 6 at venues including the Seongnam Arts Center.
AI and Robotics Talent Gather as 16th Busan Robot Competition Opens
https://en.sedaily.com/society/2026/08/06/ai-and-robotics-talent-gather-as-16th-busan-robot
Published: August 6, 2026 23:13
The 16th Busan Robot Competition opens for two days from the 8th at BEXCO and Tongmyong University, with 260 teams and 503 students competing in 10 AI and robotics categories.
Vinicius Junior Signs Six-Year Extension with Real Madrid Through 2032
https://en.sedaily.com/sports/2026/08/06/vinicius-junior-signs-six-year-extension-with-real-madrid
Published: August 6, 2026 22:52
Vinicius Junior has signed a six-year contract extension with Real Madrid through 2032. The club also signed 19-year-old Ivorian winger Yan Diomande from RB Leipzig.
From Mystery to Neuroscience: National Library Picks 8 Books for August
Published: August 6, 2026 22:30
The National Library of Korea unveiled its August librarian-recommended reading list on the 7th, featuring eight books across literature, humanities, social science and natural science.
Shade-Finding App 'Geuneullo' Tops App Store Amid Record Heat Wave
Published: August 6, 2026 22:06
'Geuneullo,' a shade-finding map app developed by a Seoul National University student, topped Apple's App Store amid Korea's record heat wave, guiding pedestrians along shaded routes.
University Hospital's Lax Security Exposed After Yearlong Patient Data Leak
https://en.sedaily.com/culture/2026/08/06/university-hospitals-lax-security-exposed-after-yearlong
Published: August 6, 2026 22:01
Hanyang University Guri Hospital leaked the personal data of 109 patients over about a year after an emergency room employee photographed records and provided them to an outsider, exposing lax hospital security.
Wage Theft Prosecutions Hit 5-Year High as Downturn Drags On
Published: August 6, 2026 22:00
Wage theft prosecutions in Korea hit a five-year high of 19,669 in 2024 as the downturn drags on, with unpaid wages exceeding 2 trillion won for a second consecutive year.
Handel's Messiah Meets Audiences Through Sing-Along Performance
https://en.sedaily.com/culture/2026/08/06/handels-messiah-meets-audiences-through-sing-along
Published: August 6, 2026 22:00
The Seoul Metropolitan Chorus presents "Messiah in Midsummer" on the 27th-28th at Sejong Chamber Hall, adding commentary and a sing-along in a participatory performance of Handel's Messiah.
Skip Sugary Breakfasts to Beat Mid-Morning Fatigue, Dietitian Says
https://en.sedaily.com/culture/2026/08/06/skip-sugary-breakfasts-to-beat-mid-morning-fatigue
Published: August 6, 2026 21:26
A U.K. study of 2,000 office workers found high-sugar breakfasts left 29% feeling exhausted by mid-morning, versus 17% for protein-focused meals like eggs and Greek yogurt.
Top Court Overturns Ruling on Disclosing Yoon's Movie Expenses
https://en.sedaily.com/society/2026/08/06/top-court-overturns-ruling-on-disclosing-yoons-movie
Published: August 6, 2026 21:00
South Korea's Supreme Court overturned a ruling ordering disclosure of former President Yoon Suk-yeol's movie and dining expenses, citing the transfer of records to the Presidential Archives after his impeachment.
'Filipino Caregiver' Pilot Ends Without Full Rollout as Cheap Foreign Care Experiment Closes
Published: August 6, 2026 21:00
Korea's Filipino domestic caregiver pilot program ends without full rollout as hourly fees rose 36% to 18,900 won, with the government dropping the cheap foreign care approach.
Police Raid Korea Football Association Over Hong Myung-bo Appointment
Published: August 6, 2026 21:00
Korea police raided the Korea Football Association on the 6th over the 2024 appointment of former national team coach Hong Myung-bo, probing alleged undue interference by top officials.
Ex-Marine Commander in Fatal Search Case Faces Appeals Verdict Today
https://en.sedaily.com/society/2026/08/06/ex-marine-commander-in-fatal-search-case-faces-appeals
Published: August 6, 2026 20:30
Former Marine Corps 1st Division Commander Lim Seong-geun faces an appeals verdict over the fatal 2023 underwater search that killed Corporal Chae. He was sentenced to three years in the first trial.
Extreme Heat Peaks Despite Ipchu, Highs Reach 39 Degrees
https://en.sedaily.com/society/2026/08/06/extreme-heat-peaks-despite-ipchu-highs-reach-39-degrees
Published: August 6, 2026 20:00
Extreme heat continues in Korea on Ipchu, with daytime highs of 32–39 degrees and heat advisories across most of the nation. Peak feels-like temperature around 35 degrees.
Man Hired as Housekeeper via 'Daangn' App Steals, Sells Client's Family Heirlooms
https://en.sedaily.com/society/2026/08/06/man-hired-as-housekeeper-via-daangn-app-steals-sells
Published: August 6, 2026 18:00
A man in his 20s who posed as a day housekeeper on Korea's secondhand platform "Daangn" was arrested for stealing and selling family heirloom jewelry and cash from a client's home in Nowon-gu, Seoul.
Illegal Lender Charged 4,866% Interest, Pressured Debtors With False Complaints
https://en.sedaily.com/society/2026/08/06/illegal-lender-charged-4866-percent-interest-pressured
Published: August 6, 2026 18:00
An unregistered lender in Gumi, Korea charged up to 4,866% annual interest to vulnerable borrowers and filed false complaints to pressure debtors, and has been referred to prosecutors.
Seniors Flock to Incheon Airport to Escape Record Heat
https://en.sedaily.com/society/2026/08/06/seniors-flock-to-incheon-airport-to-escape-record-heat
Published: August 6, 2026 16:30
Amid record-breaking heat around 38C, growing numbers of Korean seniors are visiting Incheon International Airport for its free all-day air conditioning, sparking debate over public cooling shelter access.
Woman Booked for Abandoning Puppy in Park During Heat Wave
https://en.sedaily.com/society/2026/08/06/woman-booked-for-abandoning-puppy-in-park-during-heat-wave
Published: August 6, 2026 15:30
A woman in her 30s was booked by police for abandoning her eight-month-old Chihuahua at a Cheongju park playground during a heat wave, leaving a note seeking a new owner.
Broadcaster Park Na-rae's Former Managers Indicted for Blackmail Threat
https://en.sedaily.com/society/2026/08/06/broadcaster-park-na-raes-former-managers-indicted-for
Published: August 6, 2026 15:20
Two former managers of Korean broadcaster Park Na-rae have been indicted for allegedly threatening to expose her private life unless paid 10% of company sales.
"A Body Floating on the Water": How the Deudeul River Schoolgirl Murder Unraveled
https://en.sedaily.com/society/2026/08/06/a-body-floating-on-the-water-how-the-deudeul-river
Published: August 6, 2026 15:01
The Deudeul River schoolgirl murder, unsolved for 15 years, was cracked when DNA and "Tae-wan's Law" caught a life-term prisoner dreaming of parole, who was indicted in 2016.
China's 'Bide Time' Memory Chipmakers Break Into Global PC Supply Chains
https://en.sedaily.com/finance/2026/08/06/chinas-bide-time-memory-chipmakers-break-into-global-pc
Published: August 6, 2026 14:39
China's CXMT lifted its DRAM market share to 7% in Q2 and broke into global PC supply chains at HP, ASUS, and Acer, narrowing the HBM gap with Korea to three years.
Upgraded Chinese EVs Flood In as Korea Lacks Home-Market Defense
https://en.sedaily.com/finance/2026/08/06/upgraded-chinese-evs-flood-in-as-korea-lacks-home-market
Published: August 6, 2026 14:39
Chinese EVs including BYD, Zeekr, and Dongfeng are flooding Korea, taking 8.9% market share excluding Tesla, while domestic automakers face rising crisis without adequate policy defenses.
Seoul Emerges as Quantum Startup Hub as SQC Yields Investment, Founding Wins
https://en.sedaily.com/society/2026/08/06/seoul-emerges-as-quantum-startup-hub-as-sqc-yields
Published: August 6, 2026 14:36
Seoul Quantum Campus (SQC) has produced four startups and driven investment in two years, positioning Seoul as a hub for commercializing quantum technology.
Seoul's 'Garden of Gratitude' Tops 100,000 Visitors, Becomes New Gwanghwamun Landmark
Published: August 6, 2026 14:36
Seoul's Garden of Gratitude at Gwanghwamun Square topped 100,000 visitors in about 80 days since its May opening, emerging as a new historical and cultural landmark.
Jongno-gu Launches Center to Legalize Unauthorized Buildings
Published: August 6, 2026 14:36
Seoul's Jongno-gu has launched a "Specific Building Support Center" with the local architects' association to help legalize unauthorized buildings and support hanok preservation.
Gwanak-gu Delivers 'Art Dream Kits' to Children Through Local Business Donation
Published: August 6, 2026 14:36
Seoul's Gwanak-gu launches the Art Dream Seed Project, using a 5 million won donation from local bakery Jean Boulangerie to deliver Art Dream Kits to 100 children and adolescents.
Guro-gu Named Top Performer in Ministry's 2025 Proactive Administration Evaluation
https://en.sedaily.com/society/2026/08/06/guro-gu-named-top-performer-in-ministrys-2025-proactive
Published: August 6, 2026 14:35
Seoul's Guro-gu was named a top performer in the Ministry of the Interior and Safety's 2025 National Proactive Administration Evaluation, earning a ministerial commendation for the first time.
Gwanghwamun Heat Shelter 'Happyso' Draws 30,000 Visitors in 51 Days
Published: August 6, 2026 14:35
Seoul's mobile heat shelter "Happyso" at Gwanghwamun Square drew 30,405 visitors over 51 days, with a 95.7 satisfaction score, as the city plans to expand to 15 locations.
Seoul's '120 Donghaeng Onda' Call Taxi Tops 10,000 Monthly Rides Amid Heat Wave
https://en.sedaily.com/society/2026/08/06/seouls-120-donghaeng-onda-call-taxi-tops-10000-monthly
Published: August 6, 2026 14:35
Seoul's "120 Donghaeng Onda" call taxi topped 10,000 rides last month for the first time, with usage up 44% after integration with the 120 Dasan Call Center, aiding seniors during the heat wave.
Americas, Europe Visitors to Korea Jump 15% in First Half
https://en.sedaily.com/finance/2026/08/06/americas-europe-visitors-to-korea-jump-15-percent-in-first
Published: August 6, 2026 14:26
Visitors to Korea from the Americas and Europe rose 15% in the first half of 2025, driven by expanded direct flights and K-content marketing, signaling tourism market diversification.
African Nations Spend Big on US Lobbyists as Trump Softens Tone
Published: August 6, 2026 14:12
African nations including Nigeria, Congo, and Tanzania are spending millions on US lobbying firms to counter Trump's hardline policy, as his tone toward Africa softens.
Itaewon Investigation Chief Dismissed Over Workplace Harassment Allegations
https://en.sedaily.com/society/2026/08/06/itaewon-investigation-chief-dismissed-over-workplace
Published: August 6, 2026 13:30
The head of the investigation bureau at the Itaewon disaster Special Investigation Committee was dismissed over allegations of improper orders and workplace harassment against staff.
Experts Warn Beer, Iced Coffee May Worsen Dehydration in Heat Wave
https://en.sedaily.com/culture/2026/08/06/experts-warn-beer-iced-coffee-may-worsen-dehydration-in
Published: August 6, 2026 13:11
Experts warn that beer and iced coffee can worsen dehydration during heat waves. As Korea logs a fifth straight day of suspected heat-related deaths, they recommend water and barley tea instead.
Seoul Real Estate Agencies Shrink 16.5% in Three Years as Platforms Reshape Market
https://en.sedaily.com/finance/2026/08/06/seoul-real-estate-agencies-shrink-165-percent-in-three
Published: August 6, 2026 13:02
More than 7,200 Seoul real estate agencies closed over three years, down 16.5%, as AI-driven platforms and a 220-fold surge in direct online property deals reshape the brokerage market.
Adobe Launches ChatGPT Plugin With Over 70 Features
https://en.sedaily.com/technology/2026/08/06/adobe-launches-chatgpt-plugin-with-over-70-features
Published: August 6, 2026 13:00
Adobe has launched "Adobe plugin in ChatGPT," offering more than 70 features from Photoshop, Firefly, Premiere, Acrobat, and Lightroom for photo editing, video, and PDF creation.
US Jobless Claims Fall to 199,000, Below Market Forecast
Published: August 6, 2026 12:53
US initial jobless claims fell to 199,000 for the week of July 26 to August 1, below the Bloomberg forecast of 205,000, signaling continued labor market resilience.
People Power Leader Blames President Lee for Gyeonggi Fiscal Crisis
https://en.sedaily.com/politics/2026/08/06/people-power-leader-blames-president-lee-for-gyeonggi
Published: August 6, 2026 12:45
People Power Party leader Jang Dong-hyeok blamed President Lee Jae-myung for Gyeonggi Province's fiscal emergency declared by Governor Chu Mi-ae, calling him the "chief culprit."
46 Former Service Chiefs Urge Review of Military Academy Merger
Published: August 6, 2026 12:27
Forty-six former Army, Navy and Air Force chiefs of staff urged the Korean government to review its plan to merge the three military academies, citing a lack of public consensus and astronomical costs.
Three Typhoons Skirt Korean Peninsula as Heat Wave Persists
Published: August 6, 2026 12:13
Three typhoons—Dolphin, Kujira, and Chanhom—are expected to bypass the Korean Peninsula, leaving record heat waves and tropical nights to continue as the North Pacific high-pressure system persists.
North Korea Fires Short-Range Ballistic Missile After 42 Days
https://en.sedaily.com/politics/2026/08/06/north-korea-fires-short-range-ballistic-missile-after-42
Published: August 6, 2026 12:02
North Korea fired a short-range ballistic missile toward the East Sea from the Wonsan area on the 6th, its first launch in 42 days, ahead of the Ulchi Freedom Shield exercise.
Gyeonggi Heat Illness Cases Hit 70 in a Day, Record High for Third Straight Day
Published: August 6, 2026 12:01
Gyeonggi Province recorded 70 heat illness patients in a single day, a record high for the third straight day, as record heat continued for the 15th day. Cumulative cases reached 612.
Police Raid Daegu Offices Over Leaked Drunk-Driving Hit-and-Run Probe
Published: August 6, 2026 11:35
Daegu police raided three offices after finding that investigative information on a serving officer's drunk-driving hit-and-run case was leaked. Two officers were booked for leaking official secrets.
Korea Football Association Provided Sexual Entertainment to Foreign Referees
Published: August 6, 2026 11:16
The Korea Football Association provided sexual entertainment to about 10 foreign referees across seven matches in 2011-2012, with some payments exceeding 1 million won, an audit revealed.
Fire at Textile Dyeing Factory in Yangju Injures Four
https://en.sedaily.com/society/2026/08/06/fire-at-yangju-textile-dyeing-factory-injures-four
Published: August 6, 2026 11:09
A fire at a textile dyeing factory in Yangju, Gyeonggi Province, on the 6th injured four people and prompted a Level 1 emergency response, with the building storing hydrogen peroxide and sodium hydroxide.
US Puts $102 Million Bounty on Mexico's CJNG Cartel Leaders
Published: August 6, 2026 11:05
The US placed $102 million in bounties on eight CJNG cartel leaders and sanctioned over 50 individuals and companies, intensifying the Trump administration's war on drug cartels.
Gyeonggi's Free Climate Insurance Pays Up to 300,000 Won for Heatwave Harm
https://en.sedaily.com/finance/2026/08/06/gyeonggis-free-climate-insurance-pays-up-to-300000-won-for
Published: August 6, 2026 10:52
Gyeonggi Province's free Climate Insurance automatically covers 14.4 million residents, paying up to 300,000 won for heatwave and climate disaster harm without separate enrollment.
LG Chairman Koo to Meet Nvidia's Jensen Huang in Silicon Valley Next Week
https://en.sedaily.com/finance/2026/08/06/lg-chairman-koo-to-meet-nvidias-jensen-huang-in-silicon
Published: August 6, 2026 10:29
LG Group Chairman Kwang-mo Koo will meet Nvidia CEO Jensen Huang in Silicon Valley next week to expand cooperation in physical AI and AI data centers, two months after their Korea meeting.
Wage Theft Prosecutions Hit Five-Year High Amid Deepening Corporate Distress
https://en.sedaily.com/society/2026/08/06/wage-theft-prosecutions-hit-five-year-high-amid-deepening
Published: August 6, 2026 10:19
Wage theft prosecutions in Korea hit a five-year high in 2024, with 19,669 people indicted, as total unpaid wages topped 2 trillion won amid deepening corporate distress.
Goldman Sachs Sees KOSPI Selloff as Correction, Eyes 12,000
https://en.sedaily.com/finance/2026/08/06/goldman-sachs-sees-kospi-at-12000-names-preferred-sectors
Published: August 6, 2026 10:18
Goldman Sachs maintains its 12-month KOSPI target of 12,000, calling the recent decline a sharp correction within a bull market and naming semiconductors, defense, and K-culture as preferred sectors.
Korea Box Office Nears 70 Million, May Top Post-Pandemic Best
Published: August 6, 2026 10:11
Korea's 2025 box office has surpassed 71.66 million viewers, driven by hits like Spider-Man 4 and The Odyssey, potentially topping the post-pandemic record of 125.14 million.
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