Government Raises Heat Wave Alert to 'Severe' as Response Efforts Intensify The government has raised the national heat wave alert to 'severe' as extreme heat and tropical nights are expected to persist for the time being. The Ministry of the Interior and Safety announced on July 27 that, effective at 3 p.m., the heat wave disaster alert would be elevated to 'severe' and that the Central Disaster and Safety Countermeasure Headquarters (CDSCHQ) would be activated under the leadership of Minister Yoon Ho-jung.According to the Korea Meteorological Administration, heat wave July 27, 2026

Taiwan Faces Surge in COVID-19 Cases, Vaccine Shortages Reported As COVID-19 cases surge in Taiwan, some medical facilities in the capital city of Taipei are running out of vaccine supplies, preventing citizens from receiving their shots.According to the China Times, the number of COVID-19 outpatient and emergency room visits has increased for six consecutive weeks. With a spike in vaccine demand, some healthcare institutions in Taipei have reported a lack of available doses.The Taiwan Centers for Disease Control (CDC) reported that from July 12 to 18, there July 27, 2026

Support for Takaiichi Cabinet Plummets to Below 50% Support for the Takaiichi Cabinet has dropped by more than 10 percentage points in a month, falling below 50%. For the first time, responses from those without party affiliation indicating they do not support the Cabinet outnumbered those who do. The decline in support appears to be influenced by dissatisfaction with explanations regarding key policies, such as the amendment of the royal family law, and concerns over inflation measures.In a nationwide survey conducted by the Yomiuri Shimbun from July 27, 2026

Heat Wave Alert Raised to 'Serious' Level in South Korea The Ministry of the Interior and Safety has raised the heat wave disaster alert to 'serious' and activated the Central Disaster and Safety Countermeasure Headquarters.According to Yonhap News, as of 3 p.m. on July 27, the heat wave disaster alert has been elevated to 'serious' and the Central Disaster and Safety Countermeasure Headquarters has been mobilized.This decision comes as the monsoon season has ended, leading to heat wave warnings being issued across most regions of the country, with ex July 27, 2026

LG Innotek Reports 2nd Quarter Operating Profit of 245.8 Billion Won, Up 2057% Year-on-Year LG Innotek announced that its operating profit for the second quarter of this year reached 245.8 billion won, a staggering 2057% increase compared to the same period last year.Sales rose 41% year-on-year to 5.5272 trillion won, marking the highest quarterly figure in the company's history. Combined with first-quarter results, the total sales for the first half of the year reached 11.0621 trillion won, surpassing the 10 trillion won mark for the first time.A company official stated, "Despite the July 27, 2026

Nvidia Invests $1.48 Billion, Becomes Third-Largest Shareholder in Naver Nvidia is set to invest 1.48 trillion won ($1.48 billion) to become the third-largest shareholder in Naver. This partnership is evolving beyond a simple GPU supply relationship into a capital and technology alliance focused on artificial intelligence (AI) factory operations and shared corporate value.On July 27, Naver announced it would issue 7,241,564 common shares to Nvidia through a third-party allocation capital increase. The new share price is set at 204,500 won per share, with the expected July 27, 2026

HLB Peptide Registers Vasopressin API with FDA, Aiming for Global Market Expansion HLB Peptide has completed the registration of its vasopressin active pharmaceutical ingredient (API) with the U.S. Food and Drug Administration (FDA) Drug Master File (DMF). The company plans to accelerate its entry into the global market, including the United States, following this registration.HLB Peptide announced on July 27 that it had finalized the FDA DMF registration on July 22, following its achievement of being the first in South Korea to register vasopressin API with the Ministry of Fo July 27, 2026

LG CNS Joins Global AI Materials Development Initiative with NVIDIA and Meta LG CNS has become the only domestic IT company to join a global collaboration for AI materials development, which includes major tech firms like NVIDIA and Meta. This initiative aims to support domestic material companies in their AI transformation efforts. On July 27, LG CNS announced its selection as a founding member of the 'AI Materials Foundry,' a global consortium led by the UK-based AI startup CuspAI. The AI Materials Foundry is a global alliance of companies and research institutions in July 27, 2026

Nomura: CXMT's IPO Price Could Surge 13 Times, Competing with Samsung and SK Hynix Chinese memory semiconductor company Changxin Memory Technologies (CXMT) is rapidly increasing its production and market share, positioning itself to compete with Samsung Electronics, SK Hynix, and U.S. firm Micron. However, analysts warn that the lack of extreme ultraviolet (EUV) lithography equipment could hinder its ability to close the technology gap.On July 26, Bloomberg reported that Nomura Securities issued a buy recommendation for CXMT, setting a target price of 116 yuan, which is 1,239% July 27, 2026

South Korea's Science Ministry Partners with AMD for AI Semiconductor Collaboration The South Korean Ministry of Science and ICT has signed a memorandum of understanding (MoU) with American company AMD to collaborate in the fields of AI semiconductors and computing. The ministry announced on July 27 that Deputy Prime Minister and Minister of Science and ICT Baek Kyung-hun met with AMD Chair and CEO Lisa Su on July 23 in San Francisco during the 'AMD Advancing AI 2026' event to formalize the agreement. This MoU aims to establish a heterogeneous AI computing infrastructure that i July 27, 2026