Aekyung Industrial and Dong Sung Pharmaceutical Collaborate with Fudan University on Dermatology and Beauty Research Aekyung Industrial and Dong Sung Pharmaceutical are partnering with Fudan University’s Yangtze River Delta Research Institute to advance research and development in dermatology and beauty.On July 28, Aekyung Industrial and Dong Sung Pharmaceutical announced that they have signed a strategic memorandum of understanding (MOU) with Fudan University’s Yangtze River Delta Research Institute for collaboration in dermatology and beauty research. The dermatology department at Fudan University’s Huashan July 28, 2026

Singapore Investors Actively Purchase Hong Kong Office Properties at Half Price Singaporean investors are actively acquiring office properties in Hong Kong, according to a report by the South China Morning Post, citing data from the real estate consulting firm Colliers.Previously, mainland Chinese capital and global private equity funds dominated the Hong Kong office market, but Singaporean investments are now taking the lead. This shift is attributed to the belief that Hong Kong's real estate prices are nearing their bottom.Office prices in Hong Kong have dropped by about July 28, 2026

U.S. Strengthens 6G Cooperation with 25 Countries to Counter China's Tech Dominance The United States is enhancing cooperation in the next-generation mobile communication sector, 6G, with South Korea, Japan, and 24 other countries. This initiative aims to counter China's growing influence in the competition over 6G frequencies and international technology standards.On July 27, the National Telecommunications and Information Administration (NTIA) announced the launch of the 'Call to Action for 6G Leadership and Security.'The participating countries include the U.S., South Korea, July 28, 2026

SM Group's Samhwan Corporation Wins 1.3 Trillion Won Contract for Mihocheon Bridge Renovation Samhwan Corporation, a subsidiary of SM Group, has secured a contract worth 1.3 trillion won for the renovation of the Mihocheon Bridge. The company has been expanding its public infrastructure projects, with its order backlog surpassing 1 trillion won. On July 28, SM Group announced that Samhwan Corporation was selected as the winning bidder for the renovation of the Mihocheon Bridge, located on the Gyeongbu Line between Jochiwon and Naepan in Cheongju, North Chungcheong Province. This project July 28, 2026

Nvidia Bets $5 Billion on Ilya Sutskever's Safe Superintelligence Nvidia is set to invest $5 billion in Safe Superintelligence (SSI), an artificial intelligence startup founded by OpenAI co-founder Ilya Sutskever. Nvidia and SSI announced a long-term partnership on July 27. While the specific investment amount was not disclosed, sources cited by the Financial Times and Reuters indicated that Nvidia's stake in SSI would be worth $5 billion. As part of the agreement, SSI will implement Nvidia's next-generation AI computing system, 'Vera Rubin.' According to the July 28, 2026

Elegant Youths Seek Reports of Safe and Kind Delivery Riders Elegant Youths, responsible for the logistics services of Baedal Minjok, announced on July 28 that they are conducting a reporting event to find delivery riders who practice road safety or perform acts of kindness.The focus of the reports is on riders who practice 'pulling a bike' (끌바) by walking their motorcycles across crosswalks or help others in their daily lives.Selected videos will be featured in the 'Warm Black Box' shorts series on the Baemin Connect YouTube channel, showcasing the rid July 28, 2026

Jang Dong-hyuk: Candidates Must Be Able to Fight for the People Jang Dong-hyuk, the leader of the People Power Party, stated that candidates for elected office should be able to effectively advocate for the government and ruling party on behalf of the public.Speaking at the appointment ceremony for the 'Task Force for Evaluating Elected Officials' held at the National Assembly on July 28, Jang emphasized the need to nominate individuals who dedicate their expertise and abilities to serve the public and party members, rather than getting caught up in factiona July 28, 2026

National Assembly Speaker Cho Jung-sik Promises Effective Legislation for Citizens Cho Jung-sik, the Speaker of the National Assembly, introduced the slogan for the second half of the assembly as 'A National Assembly Opening the Future with the People' on July 28. He stated, "I will lead South Korea's economic leap and create a National Assembly where citizens can feel its effectiveness." During his first press conference at the National Assembly's Sarangjae, Cho emphasized, "I will quickly put stalled legislation on people's livelihoods and reform back on track." He added, July 28, 2026

Mortgage Rates Rise for Second Consecutive Month as Fixed-Rate Loans Decline Last month, mortgage rates increased for the second consecutive month due to rising benchmark rates. As borrowers continue to prefer variable rates, the share of fixed-rate loans has decreased.According to the Bank of Korea's 'Weighted Average Interest Rates' report released on July 28, the weighted average mortgage rate for June was 4.36%, up 0.04 percentage points from the previous month. This marks the second consecutive month of increases following May.The rise in mortgage rates is attribute July 28, 2026

Financial Commission Reveals Criteria for Disclosing Low PBR Companies The Financial Services Commission and the Korea Exchange have unveiled the detailed criteria for the disclosure system targeting low Price-to-Book Ratio (PBR) companies, seeking public feedback. This initiative, known as 'Naming & Shaming,' aims to identify companies that have maintained low stock prices for an extended period without efforts to enhance their corporate value, with implementation set for November.On the 29th, the Financial Services Commission and the Korea Exchange announced the July 28, 2026