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

Korean Tourism Foundation CEO Gi Gyeon Gil Completes Five-Year Term Gi Gyeon Gil, CEO of the Seoul Tourism Foundation, has completed his five-year term. The foundation has begun the process of publicly recruiting a new CEO.Gi, who took office on July 26, 2021, served his initial three-year term and was re-elected twice in 2024 and 2025, totaling five years in the role.The farewell ceremony was held on July 24 at the foundation's headquarters, attended by the director of the Seoul City Tourism and Sports Bureau and foundation staff. The event included a video pre July 27, 2026

Korea Begins Construction of Next-Generation Light Source Facility South Korea has officially begun construction on the Korea Light Source (KLS), a fourth-generation synchrotron facility that will usher in a new era of multimodal research, enabling simultaneous analysis of the internal structures, atomic arrangements, and electronic states of materials essential for semiconductor, battery, and drug development.The groundbreaking ceremony took place on July 27 at the KLS site in Ochang, North Chungcheong Province, attended by officials from the Ministry of Scien July 27, 2026

Small-Scale Redevelopment Projects Face Multiple Challenges Amid Loan Restrictions While large-scale redevelopment projects in areas like Yeouido and Seongsu attract significant interest from construction firms, small-scale redevelopment initiatives are struggling throughout the entire process, from relocation to sales. The restrictions on relocation loans are delaying project launches, and concerns over poor sales are further deteriorating project viability.According to the redevelopment industry on July 20, small-scale reconstruction and street housing redevelopment projects July 27, 2026

KISA Launches Task Force to Shape Next Decade of APIGA The Korea Internet & Security Agency (KISA) announced on July 27 that it has formed a dedicated task force to discuss the long-term development direction of the Asia-Pacific Internet Governance Academy (APIGA) in collaboration with the Internet Corporation for Assigned Names and Numbers (ICANN). The task force was launched immediately following the closing ceremony of the 2026 APIGA held in Busan.APIGA is a training program for internet governance professionals in the Asia-Pacific region, jointl July 27, 2026

South Korean Prime Minister Affirms Commitment to Freedom and Peace on UN Veterans Day South Korean Prime Minister Han Seung-sook stated on July 27 that the country will uphold freedom and peace based on a strong South Korea-U.S. alliance and cooperation with UN member nations, marking the 73rd anniversary of the UN Veterans Day and the signing of the armistice agreement.In her speech at the UN Veterans Day ceremony held at KBS Hall in Yeouido, Han emphasized, "When North Korea invaded 76 years ago, the international community quickly united under the name of the UN. We will never July 27, 2026

Crisis Deepens for Small Business Owners as Minimum Wage Review Requested The Small Business Association announced on the 27th that it has submitted an objection to the Ministry of Employment and Labor regarding the proposed minimum wage for 2027.On July 16, the ministry announced that the minimum wage for the upcoming year would be set at 10,700 won per hour, allowing for objections to be filed within 10 days from that date.In its objection, the association urged a review of the proposed minimum wage, stating that it would push small business owners to their financia July 27, 2026

Hong Kong ELS Sanctions Likely Delayed as Financial Authorities Debate Fines Sanctions against banks related to the improper sale of Hong Kong H Index-linked securities (ELS) are likely to be postponed until next month. The Financial Supervisory Service (FSS) has significantly reduced the proposed fine from 1.4 trillion won to approximately 600 billion won and resubmitted it to the Financial Services Commission (FSC). However, discussions regarding further reductions are ongoing within the FSC.According to financial industry sources on July 27, the FSC has not yet finali July 27, 2026

KB Financial Group Establishes $1.5 Billion Unicorn Fund to Support Advanced Industries KB Financial Group is launching a fund worth 1.5 trillion won (approximately $1.5 billion) to foster advanced strategic industries such as semiconductors, artificial intelligence (AI), and robotics.On July 24, KB Financial Group held its fourth 'Productive Finance Council' meeting to review the progress of its productive finance initiatives, the group announced on July 27.During the meeting, it was decided to establish the 'KB National Growth Unicorn Scale-Up Fund' with a total size of 1.5 trill July 27, 2026