New Rules on Dual Listings to Take Effect August 3 The financial authorities have finalized improvements to the dual listing system, which will take effect on August 3. The key provisions include mandatory approval from common shareholders of the parent company when listing a spin-off subsidiary, as well as the retention of the '3% rule' for shareholder consent. However, the independence of the special committee within the parent company's board has been strengthened following the feedback process.On July 31, the Financial Services Commission (F July 31, 2026

Samhyang-eup Holds Meeting to Prepare for 15th Samhyang Day Samhyang-eup in Muan County, Jeollanam-do, has officially begun preparations for the 15th Samhyang Day in collaboration with local organizations and social groups. On the morning of July 31, a quarterly meeting of local organizations and social leaders was held in the third-floor conference room of the Samhyang-eup office. The meeting focused on sharing local issues and discussing plans for the upcoming 15th Samhyang Day, scheduled for October 23, 2026. About 20 local leaders attended the meetin July 31, 2026

SK Siltron Union Transitions to Formal Negotiations Following Doosan Sale Confirmation SK Siltron's labor union announced it will transition to formal negotiations with management following the confirmation of the company's sale to Doosan Group. This shift indicates a focus on discussions regarding job security and the protection of employee rights, starting from the point of the sale contract.According to a report by Aju Economy on July 31, the SK Siltron union informed its members of the transition from preliminary negotiations to formal talks immediately after Doosan's announce July 31, 2026

Hyosung Reports 133.7% Increase in Q2 Operating Profit to 231.6 Billion Won Hyosung announced on July 31 that it achieved sales of 733.6 billion won and an operating profit of 231.6 billion won in the second quarter of 2026. These figures represent increases of 21.9% and 133.7%, respectively, compared to the same period last year.Hyosung Heavy Industries recorded sales of 1.687 trillion won and an operating profit of 264.3 billion won in the second quarter, marking the highest quarterly operating profit in its history.The company is also seeing an increase in the propor July 31, 2026

Tesla Considers Selling China Operations Amid U.S.-China Competition; Musk Calls It 'Fake News' Elon Musk, CEO of Tesla, has hinted at the possibility of merging his aerospace company SpaceX with Tesla, while the Wall Street Journal reported on July 30 that he is considering selling Tesla's China operations amid U.S.-China competition. However, Musk has denied these claims, labeling them as 'fake news.'According to the report, Musk has directed Tesla's management in recent years to clearly separate the U.S. and China divisions. This restructuring aims to ensure that at least the U.S. opera July 31, 2026

Gwangju, South Korea, Prepares for World Gimbap and Salt Festival The Gwangju Metropolitan City is ramping up preparations for the '2026 World Gimbap and Salt Festival,' set to take place in Yeosu this October.On July 31, Gwangju officials held a kickoff meeting at the Muan Government Complex to discuss the event's basic direction and detailed plans.Attendees included Gwangju officials, event organizing agencies, and field experts, who collectively reviewed the layout of the venue, core program operations, promotional and marketing strategies, visitor amenitie July 31, 2026

SOOP Reports 57.9% Drop in Q2 Operating Profit, Plans Platform Revamp for Recovery SOOP reported disappointing results for the second quarter of this year, but there are signs of recovery in donation economy revenue and traffic. The company plans to boost performance in the second half of the year by expanding the influx of new streamers and users, revamping the platform, and diversifying its advertising business.On July 31, SOOP announced that its consolidated revenue for the second quarter of 2026 was 103.8 billion won, with an operating profit of 12.6 billion won and a net July 31, 2026

SK Siltron Acquired by Doosan Group for 2.3 Trillion Won SK Siltron, valued at 5 trillion won, has been acquired by Doosan Group. This acquisition completes the final piece of Doosan Chairman Park Jung-won's strategy for vertical integration in the semiconductor sector, encompassing everything from wafer production to electronic materials and post-processing testing.On July 31, SK held a board meeting and approved the sale of a 70.6% stake in SK Siltron to Doosan for 2.3 trillion won. A stock purchase agreement (SPA) is expected to be signed soon, fol July 31, 2026

Ulsan City to Resume Tram Line 1 Procedures, Citing Lack of Legal Authority for Suspension Ulsan City has decided to prioritize the resumption of procedures for the suspended Tram Line 1 project. However, the city plans to continue exploring legal options for a legitimate suspension of the project before the main construction begins next year.Ulsan Mayor Kim Sang-wook stated at a tram response meeting held at city hall, "Since a contract has been signed, we cannot act beyond our legal authority," adding, "It seems difficult to continue making formal requests for project suspension." S July 31, 2026

ETF Trading Halted Ahead of Korean Exchange Aftermarket Launch As the Korean Exchange prepares to launch its aftermarket on September 14, the likelihood of exchange-traded funds (ETFs) being included in trading has diminished. Asset management firms are reportedly uniting in their decision not to participate in the application process for trading due to concerns over increased liquidity provider (LP) management burdens amid market volatility.According to the financial investment industry on July 31, executives from asset management firms reached a consensus July 31, 2026