HD Hyundai Electric Shares Plunge 13% Despite Strong Q2 Performance HD Hyundai Electric's shares fell sharply in early trading on concerns that the contribution of its new business to earnings may be delayed longer than expected, despite the company reporting second-quarter results that met market expectations.As of 9:56 a.m. on July 29, HD Hyundai Electric's stock was trading at 613,000 won, down 13.05% (92,000 won) from the previous trading day, according to the Korea Exchange.Market analysts believe that investor sentiment has been dampened by the possibility July 29, 2026

AI to Handle Administrative Tasks as Employment Centers Revamp Services The South Korean government plans to assign repetitive administrative tasks, such as unemployment benefit payments and eligibility checks, to artificial intelligence (AI), allowing employment center counselors to focus on direct interactions with job seekers and businesses.On July 29, the Korea Labor Institute held a discussion on employment service innovation at the Korea Press Center in Seoul, supported by the Ministry of Employment and Labor. The event aimed to share the direction and purpose July 29, 2026

SK Hynix Reports Progress on HBM4 Production and Quality SK Hynix announced during its second-quarter earnings conference call on July 29 that it began mass production of HBM4 for major customers starting in the second quarter. The company stated that the current production yield and quality are nearing the maturity levels of the previous generation HBM3 products. It is also expanding its supply capacity steadily.The company noted that development is progressing smoothly according to schedule, with plans for the next-generation HBM4E targeting full-sc July 29, 2026

Dong-A Socio Group Launches AI Drug Development Platform Dong-A Socio Group is accelerating its research and development (R&D) innovation by launching its own artificial intelligence (AI)-based drug development platform.On July 29, Dong-A Socio Group announced that its IT subsidiary, DAI, and Dong-A ST have jointly developed the AI Drug Discovery Platform (AIDDP), which integrates AI and bio-data, and will begin full-scale operations.AIDDP is a comprehensive platform that allows for the entire process of drug candidate design, prediction, analysis, an July 29, 2026

Jung Cheong-rae Calls Conflict with Lee Jae-myung a Fabrication Jung Cheong-rae, a candidate for the leadership of the Democratic Party, reaffirmed on July 29 that the "Myeongcheong conflict"—the dispute between President Lee Jae-myung and himself—is a fabrication. However, he stated that he is open to the "Seokcheong conflict" with fellow candidate Kim Min-seok.During an appearance on CBS Radio's "Park Seong-tae's News Show," Jung questioned, "How can I fight with President Lee?" He added, "What benefit would I gain from fighting with him? A high approval r July 29, 2026

Han Byeong-do Calls for Swift Action on Allegations of Shincheonji Infiltration Han Byeong-do, the acting leader of the Democratic Party, stated that allegations regarding the infiltration of Shincheonji members ahead of the August 17 party convention must be addressed swiftly and rigorously. He also announced plans to create a more effective National Assembly through proposed amendments to shorten the fast-track review period.During a Supreme Council meeting on July 29, Han said, "There are suspicions that Shincheonji members have collectively joined the party to influence July 29, 2026

Rokit Healthcare Shares Plunge Nearly 20% After Nasdaq Listing Withdrawal Rokit Healthcare's shares fell nearly 20% in early trading following the announcement that its U.S. subsidiary has voluntarily withdrawn its Nasdaq listing application.As of 9:39 a.m. on July 29, Rokit Healthcare's stock was trading at 31,450 won, down 7,700 won (19.67%) from the previous trading day, according to the Korea Exchange.The decline in share price is attributed to a correction notice regarding significant management matters of its subsidiary, Rokit America, Inc., which stated that it July 29, 2026

Siheung City Wins Top Award for Community Parking Initiative The Shincheon-dong Community Council in Siheung City has been awarded the top prize at the Gyeonggi Province Community Governance Excellence Case Competition for its initiative to alleviate parking shortages in the old city center. The council facilitated the opening of unused parking spaces at schools, religious facilities, and commercial areas for local residents.According to the city, the Shincheon-dong Community Council represented Siheung at the '2026 Gyeonggi Province Community Governance July 29, 2026

SK Telecom Unveils 688B AI Model 'A.X K2' to Support Industrial AI Transition SK Telecom (SKT) has unveiled its proprietary artificial intelligence (AI) foundation model, A.X K2, aimed at supporting the transition to AI in various industries.On July 29, SKT announced the release of A.X K2, which features 688 billion parameters, on the open-source community platform Hugging Face. This new model enhances mathematical and scientific reasoning capabilities, as well as knowledge and long-text reasoning in Korean, compared to its predecessor, the 519 billion parameter A.X K1.Ac July 29, 2026

Walking, Running, and Yoga: 'Leisurely Morning' Course at Gwangjin Bridge The 'Leisurely Morning' program, which allows participants to walk and run at their own pace without competition or rankings, is expanding to Gwangjin Bridge.On July 29, the Seoul Metropolitan Government announced that it will operate the 'Leisurely Morning' Gwangjin Bridge course on August 2 and 9 at Gwangnaru Hangang Park and the surrounding area. This time, the program will diversify its offerings by incorporating yoga, cultural experiences, and relaxation into the existing exercise activitie July 29, 2026