Shinhan Life Joins 'Future Tomorrow Work Experience Program' to Support Youth Employment Shinhan Life is stepping up to support youth employment.On July 29, Shinhan Life announced its participation in the '2026 Future Tomorrow Work Experience Program' organized by the Ministry of Employment and Labor.This program aims to provide job experience to unemployed youth under 34 years old, who often lack practical experience as the job market shifts towards frequent hiring and experienced candidates.Participants in the program will work in teams over approximately eight weeks, engaging in July 29, 2026

Gwangju Mayor Park Kwan-yeol Aims to Revitalize Community Through Cultural Activities Gwangju Mayor Park Kwan-yeol expressed his ambition to lead community recovery through the revitalization of lifestyle culture on July 28.During the '2026 Gwangju City Community Center Outstanding Club Competition' held at the Namhansanseong Hall of the Gwangju Cultural Arts Center, Mayor Park injected new energy into the promotion of lifestyle culture led by residents and the activation of local communities.The event was organized to share the skills honed through community center cultural prog July 29, 2026

KakaoBank and State Banks Face Labor Strikes Amid Rising Tensions in Finance Sector The summer labor disputes, known as 'Hatu' in the finance sector, are expected to intensify this year. The push for increased bonuses, particularly among internet banks, is gaining momentum, alongside collective actions opposing the regional relocation of financial public institutions.According to the finance sector on July 29, the KakaoBank union plans to strike on July 31, marking its first strike since the bank's establishment in 2017.The union demands an increase in employee wages and bonuse July 29, 2026

Korea Development Bank Selects Five Asset Managers for Southern Region Growth Fund The Korea Development Bank announced on July 29 that it has selected five asset managers for the 2026 Southern Region Growth Support Fund.For the private equity fund, which has a scale of 240 billion won, the selected managers are Deoham Partners and Rilson Private Equity, each with a fundraising target of 120 billion won.Three firms—Reinvestment, Wonik Investment Partners, and E&Investment—were chosen for the venture capital fund, which totals 105 billion won, with each manager required to rais July 29, 2026

As Stock Market Loses $1.5 Trillion, Funds Shift Back to Bank Deposits As the KOSPI index lost over 2,000 trillion won in market capitalization from last month's peak, signs of a 'reverse money move' are emerging as funds that had flowed into the stock market are returning to bank deposits. While investor deposits have rapidly decreased, more than 21 trillion won has been directed into fixed-term deposits in just one month.According to the financial sector on July 29, the balance of fixed-term deposits at the five major banks—KB Kookmin, Shinhan, Hana, Woori, and N July 29, 2026

DAXA Supports Non-KRW Exchanges Ahead of October Fraud Compensation Law The Digital Asset Exchange Association (DAXA) is preparing for the revised 'Telecommunications Fraud Compensation Law' set to take effect in October by holding an informational session for non-KRW virtual asset exchanges. On July 28, DAXA conducted a meeting aimed at exchanges that only support trading between cryptocurrencies without KRW deposits and withdrawals. The revised law expands the scope of compensation for fraud victims from cash to include virtual assets. As a result, virtual asset e July 29, 2026

KF-21 Development Concludes After 10 Years and 7 Months, First Delivery to Air Force This Fall The development of the KF-21 Boramae, South Korea's first domestically produced fighter jet, was officially completed on July 29. This marks the conclusion of a system development project that began in December 2015, lasting approximately 10 years and 7 months.The Defense Acquisition Program Administration (DAPA) held a ceremony at the headquarters of Korea Aerospace Industries (KAI) in Sacheon, South Gyeongsang Province, attended by key government officials, representatives from participating o July 29, 2026

Hanwha Solutions Reports Strong Q2 Earnings Driven by Solar Business Hanwha Solutions has reported improved earnings for the second quarter of this year, driven by its solar business. The company noted that the funds to be raised through a capital increase have been reduced to half of the initial plan, raising questions about whether profits from key business segments and increased module shipments in the second half will alleviate investment burdens.On July 29, Hanwha Solutions announced that its consolidated revenue for the second quarter of 2026 reached 4.5826 July 29, 2026

BC Card Partners with MongoDB to Enhance AI Data Platform BC Card is collaborating with global data platform company MongoDB to enhance its generative artificial intelligence (AI) service capabilities through an upgraded data platform. On July 28, BC Card announced that it signed a memorandum of understanding (MOU) with MongoDB to advance its data platform for AI service competitiveness. The two companies plan to establish an AI-dedicated infrastructure, improve natural language search and AI recommendation features, and create a common data foundat July 29, 2026

Iran to Acquire Up to 400 Chinese Portable Air Defense Missiles Iran is set to receive its first batch of up to 400 Chinese-made portable air defense missiles, according to reports.On July 28, Reuters cited multiple sources stating that Iran has signed a contract to purchase between 300 and 400 portable air defense systems (MANPADS), including the Chinese QW-12 and FN-16 missiles.The QW-12 and FN-16 are infrared-guided, shoulder-fired surface-to-air missiles designed to intercept low-altitude aircraft, helicopters, and drones.The contract is estimated to be July 29, 2026