Samsung SDI, Q2 operating profit down 38% YoY... Impact of electric vehicle demand slowdownSamsung SDI reported a significant decline in its Q2 2024 results due to the slowdown in demand for electric vehicles.On the 30th, Samsung SDI announced via a public disclosure that its consolidated operating profit for Q2 was 280.2 billion KRW, down 37.8% compared to the same period last year.Q2 re
FSS begins investigation at Qoo10 headquarters... Full-scale investigation into TMON and Wemakeprice settlement delaysThe Financial Supervisory Service (FSS) began an on-site investigation at the headquarters of Qoo10 Technology on the 30th, as they are conducting a full-scale investigation into the recent settlement delay incidents involving TMON and Wemakeprice.The FSS plans to focus on obtaining core data relate
Kakao, Subsidiary Sale Ahead of Q2 Earnings... Focus on AI StrategyKakao is set to announce its second-quarter earnings while entering emergency management due to the arrest of founder Kim Beom-su.According to a report by IBK Investment & Securities on the 29th, Kakao is expected to record a revenue of 2.05 trillion won and an operating profit of 125.9 billion won
Gyeongnam Province, along with Sacheon City, is starting the full-scale construction of an aerospace complex cityGyeongnam Province is accelerating the construction of an aerospace complex city together with the Aerospace Administration, which was opened in Sacheon City last May.At the third task force meeting held on the 30th, officials from Sacheon City, Korea Land and Housing Corporation (LH), private exper
Seoul Gangnam Police, current professional baseball coach arrested in flagrante for refusing a breathalyzer testThe Gangnam Police Station in Seoul has arrested and is investigating a 30-year-old current professional baseball coach, referred to as Mr. A, on charges of refusing a breathalyzer test while driving under the influence.According to the police, Mr. A is suspected of drunk driving in Samseong-dong, G
DongKook Pharmaceutical Proposes Customized Products for 'Summer Skin and Hair Health'High temperatures, high humidity, and strong UV rays lead to frequent skin damage in summer, and DongKook Pharmaceutical is attracting consumers' attention by introducing various skin and hair health care products.On the 29th, DongKook Pharmaceutical recommended various products to protect skin and
Incheon City Implements Low-Interest Loan Program for Small Business Management StabilityThe city of Incheon announced that starting from August 1, it will launch a low-interest policy fund loan project to help stabilize the management of local small businesses and revitalize the local economy.This project, implemented through a total of 5 billion KRW of ‘Small Business Market Promotion
Starbucks Opens Korea's First Art Collaboration Store 'Gana Art Park'Starbucks Korea is set to open the 'Gana Art Park' store on July 31st, located on Kwon Yul-ro, Jangheung-myeon, Yangju-si, Gyeonggi-do. This special store reflects various lifestyles and offers a unique experience to customers.The Gana Art Park store is Starbucks Korea's first art collaboration stor
NASA Supports Space Sustainability Research...Exploring Solutions for Lunar Surface and Orbital DebrisNASA has decided to support five studies focused on the sustainability of space usage. This research support initiative is part of NASA's Space Sustainability Strategy, through which NASA aims to confirm the direction of "sustainable use of space."Ellen Gertsen, Deputy Administrator of NASA's Office
Korea Electric Power Corporation Considers Abolishing Age Limit for Substation Electrician CertificationKorea Electric Power Corporation (KEPCO) has decided to consider abolishing the age limit of 65 for the substation electrician certification, following a recommendation from the National Human Rights Commission of Korea (NHRCK).According to the NHRCK on the 26th, KEPCO is in consultation with relate
India to Launch $119 Million Space Venture FundIndia is set to establish a venture capital fund worth 10 billion rupees (approximately $119 million) to strengthen its domestic space industry's competitiveness.Finance Minister Nirmala Sitharaman announced this plan during a budget speech for the 2024-25 fiscal year in Parliament on July 23.This a
European Space Agency Accelerates Development of Unmanned Lander 'Argonaut' for Independent Lunar ExplorationThe European Space Agency (ESA) is accelerating the development of its unmanned lunar lander 'Argonaut,' which aims for independent lunar exploration.This lander development plan was finalized at the ESA Member States Ministerial Meeting held in 2022 and is currently actively underway.The Argonaut l
Former professional baseball player Oh Jae-won sentenced to 2 years and 6 months in prison for drug use chargesFormer professional baseball player Oh Jae-won (39) has been sentenced to prison in the first trial for drug use charges.On the 26th, the Seoul Central District Court's Criminal Division 28 (Judge Han Dae-kyun) sentenced Oh to 2 years and 6 months in prison for violating the Narcotics Control Act.Ad
POSCO International, Q2 Operating Profit of KRW 349.7 Billion...Down 2.1% YoYPOSCO International announced its 2024 Q2 business results through a disclosure on the 25th.The company's Q2 results showed a revenue of KRW 8.2823 trillion, a 6.7% increase from the previous quarter, and an operating profit of KRW 349.7 billion, a 31.8% increase. The operating profit margin also ro
UK Space Agency to Provide £33 Million for Space Technology Development ProjectsThe UK Space Agency announced on July 22 that it will provide £33 million to support 23 space technology development projects as part of the 'National Space Innovation Programme'.The funds will be distributed to existing projects and newly launched ‘Kickstarter’ projects.The project led by HyImpulse
China's next-generation launch vehicle Long March-12 is about to conduct its first orbital launch... likely in AugustChina's next-generation launch vehicle, the Long March-12, is set to conduct its first orbital launch soon.The Shanghai Academy of Spaceflight Technology (SAST), which developed the rocket, held a ceremony on July 17 to commemorate the rocket's development and revealed its readiness status.Currently
South Korean Economy Records -0.2% Growth Rate in Q2… Impacted by Increased Imports and Sluggish Private ConsumptionThe South Korean economy contracted by 0.2% in the second quarter of this year compared to the previous quarter, marking a halt in its growth trajectory.According to the preliminary figures for real Gross Domestic Product (GDP) released by the Bank of Korea on the 25th, the growth rate for the secon
Hyundai Steel Files Anti-Dumping Complaint Against Chinese Thick Plates… Government to Decide on Investigation Within 2 MonthsHyundai Steel recently filed an anti-dumping complaint with the Ministry of Trade, Industry, and Energy, citing damage caused by the low-priced exports of Chinese thick plates.This complaint is the result of long-standing grievances within the domestic steel industry, with claims that aggressive low
Ribs Lion 'Barami' Reunites with Daughter... Cheongju Zoo Pursues Father-Daughter IntegrationThe lion Barami (20), who once earned the unfortunate nickname "Ribs Lion" due to his emaciated body, is now expected to spend the rest of his life with his daughter.The city of Cheongju announced on the 24th that it plans to transfer Barami's daughter (5) from the closed Bukyung Zoo to Cheongju Zoo
Maxar Technologies, unveils 'WorldView Legion' satellite images... Expected to be utilized in various fieldsMaxar Technologies, a U.S. Earth observation information company, recently released the first images captured by two of its WorldView Legion Earth observation satellites, which were launched in May.These satellites can capture images with a resolution of up to 30 cm from the ground, enabling more pr
Samsung SDI, Q2 operating profit down 38% YoY... Impact of electric vehicle demand slowdown Samsung SDI reported a significant decline in its Q2 2024 results due to the slowdown in demand for electric vehicles.On the 30th, Samsung SDI announced via a public disclosure that its consolidated operating profit for Q2 was 280.2 billion KRW, down 37.8% compared to the same period last year.Q2 re
FSS begins investigation at Qoo10 headquarters... Full-scale investigation into TMON and Wemakeprice settlement delays The Financial Supervisory Service (FSS) began an on-site investigation at the headquarters of Qoo10 Technology on the 30th, as they are conducting a full-scale investigation into the recent settlement delay incidents involving TMON and Wemakeprice.The FSS plans to focus on obtaining core data relate
Kakao, Subsidiary Sale Ahead of Q2 Earnings... Focus on AI Strategy Kakao is set to announce its second-quarter earnings while entering emergency management due to the arrest of founder Kim Beom-su.According to a report by IBK Investment & Securities on the 29th, Kakao is expected to record a revenue of 2.05 trillion won and an operating profit of 125.9 billion won
Gyeongnam Province, along with Sacheon City, is starting the full-scale construction of an aerospace complex city Gyeongnam Province is accelerating the construction of an aerospace complex city together with the Aerospace Administration, which was opened in Sacheon City last May.At the third task force meeting held on the 30th, officials from Sacheon City, Korea Land and Housing Corporation (LH), private exper
Seoul Gangnam Police, current professional baseball coach arrested in flagrante for refusing a breathalyzer test The Gangnam Police Station in Seoul has arrested and is investigating a 30-year-old current professional baseball coach, referred to as Mr. A, on charges of refusing a breathalyzer test while driving under the influence.According to the police, Mr. A is suspected of drunk driving in Samseong-dong, G
DongKook Pharmaceutical Proposes Customized Products for 'Summer Skin and Hair Health' High temperatures, high humidity, and strong UV rays lead to frequent skin damage in summer, and DongKook Pharmaceutical is attracting consumers' attention by introducing various skin and hair health care products.On the 29th, DongKook Pharmaceutical recommended various products to protect skin and
Incheon City Implements Low-Interest Loan Program for Small Business Management Stability The city of Incheon announced that starting from August 1, it will launch a low-interest policy fund loan project to help stabilize the management of local small businesses and revitalize the local economy.This project, implemented through a total of 5 billion KRW of ‘Small Business Market Promotion
Starbucks Opens Korea's First Art Collaboration Store 'Gana Art Park' Starbucks Korea is set to open the 'Gana Art Park' store on July 31st, located on Kwon Yul-ro, Jangheung-myeon, Yangju-si, Gyeonggi-do. This special store reflects various lifestyles and offers a unique experience to customers.The Gana Art Park store is Starbucks Korea's first art collaboration stor
NASA Supports Space Sustainability Research...Exploring Solutions for Lunar Surface and Orbital Debris NASA has decided to support five studies focused on the sustainability of space usage. This research support initiative is part of NASA's Space Sustainability Strategy, through which NASA aims to confirm the direction of "sustainable use of space."Ellen Gertsen, Deputy Administrator of NASA's Office
Korea Electric Power Corporation Considers Abolishing Age Limit for Substation Electrician Certification Korea Electric Power Corporation (KEPCO) has decided to consider abolishing the age limit of 65 for the substation electrician certification, following a recommendation from the National Human Rights Commission of Korea (NHRCK).According to the NHRCK on the 26th, KEPCO is in consultation with relate
India to Launch $119 Million Space Venture Fund India is set to establish a venture capital fund worth 10 billion rupees (approximately $119 million) to strengthen its domestic space industry's competitiveness.Finance Minister Nirmala Sitharaman announced this plan during a budget speech for the 2024-25 fiscal year in Parliament on July 23.This a
European Space Agency Accelerates Development of Unmanned Lander 'Argonaut' for Independent Lunar Exploration The European Space Agency (ESA) is accelerating the development of its unmanned lunar lander 'Argonaut,' which aims for independent lunar exploration.This lander development plan was finalized at the ESA Member States Ministerial Meeting held in 2022 and is currently actively underway.The Argonaut l
Former professional baseball player Oh Jae-won sentenced to 2 years and 6 months in prison for drug use charges Former professional baseball player Oh Jae-won (39) has been sentenced to prison in the first trial for drug use charges.On the 26th, the Seoul Central District Court's Criminal Division 28 (Judge Han Dae-kyun) sentenced Oh to 2 years and 6 months in prison for violating the Narcotics Control Act.Ad
POSCO International, Q2 Operating Profit of KRW 349.7 Billion...Down 2.1% YoY POSCO International announced its 2024 Q2 business results through a disclosure on the 25th.The company's Q2 results showed a revenue of KRW 8.2823 trillion, a 6.7% increase from the previous quarter, and an operating profit of KRW 349.7 billion, a 31.8% increase. The operating profit margin also ro
UK Space Agency to Provide £33 Million for Space Technology Development Projects The UK Space Agency announced on July 22 that it will provide £33 million to support 23 space technology development projects as part of the 'National Space Innovation Programme'.The funds will be distributed to existing projects and newly launched ‘Kickstarter’ projects.The project led by HyImpulse
China's next-generation launch vehicle Long March-12 is about to conduct its first orbital launch... likely in August China's next-generation launch vehicle, the Long March-12, is set to conduct its first orbital launch soon.The Shanghai Academy of Spaceflight Technology (SAST), which developed the rocket, held a ceremony on July 17 to commemorate the rocket's development and revealed its readiness status.Currently
South Korean Economy Records -0.2% Growth Rate in Q2… Impacted by Increased Imports and Sluggish Private Consumption The South Korean economy contracted by 0.2% in the second quarter of this year compared to the previous quarter, marking a halt in its growth trajectory.According to the preliminary figures for real Gross Domestic Product (GDP) released by the Bank of Korea on the 25th, the growth rate for the secon
Hyundai Steel Files Anti-Dumping Complaint Against Chinese Thick Plates… Government to Decide on Investigation Within 2 Months Hyundai Steel recently filed an anti-dumping complaint with the Ministry of Trade, Industry, and Energy, citing damage caused by the low-priced exports of Chinese thick plates.This complaint is the result of long-standing grievances within the domestic steel industry, with claims that aggressive low
Ribs Lion 'Barami' Reunites with Daughter... Cheongju Zoo Pursues Father-Daughter Integration The lion Barami (20), who once earned the unfortunate nickname "Ribs Lion" due to his emaciated body, is now expected to spend the rest of his life with his daughter.The city of Cheongju announced on the 24th that it plans to transfer Barami's daughter (5) from the closed Bukyung Zoo to Cheongju Zoo
Maxar Technologies, unveils 'WorldView Legion' satellite images... Expected to be utilized in various fields Maxar Technologies, a U.S. Earth observation information company, recently released the first images captured by two of its WorldView Legion Earth observation satellites, which were launched in May.These satellites can capture images with a resolution of up to 30 cm from the ground, enabling more pr
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