Korean Hotel Market Holds Vast Growth Potential Through Building Conversions "The growth potential of the Korean hotel market is still limitless. Recently, the trend of converting existing buildings into hotels has become a new norm," said Jo Min-sook, Vice President for Accor's Korea operations.Jo believes there is ample room for growth in the domestic hotel market, especially as the popularity of K-pop and Korean content has led to an increase in foreign tourists. Additionally, the movement towards hotel conversions is accelerating instead of building new hotels.Conver September 11, 2026

Changwon Danggam Theme Park to Host Family Events This Fall Changwon Danggam Theme Park will transform into a family experience space where children and parents can taste, create, and enjoy Danggam this fall.The city of Changwon announced on September 10 that it will host the 'Danggam Children’s Family Pangpang' event at the Danggam Complex Cultural Space in Changwon Danggam Theme Park over four days, from September 12-13 and 19-20.The event will feature experiential programs, cultural performances, and a flea market centered around Danggam, a representa September 10, 2026

South Korea Exports 18 Chunmoo Rocket Launchers to Croatia South Korea will export 18 Chunmoo multiple rocket launchers to Croatia in a deal worth 640 billion won, marking the country's first defense export to Croatia. The two nations also signed a memorandum of understanding (MOU) on defense cooperation, establishing a framework for regular collaboration.According to the Ministry of National Defense, Minister An Kyoo-baek attended the signing ceremony for the Chunmoo procurement contract in Zagreb, Croatia, on September 10, local time, hosted by Prime September 10, 2026

U.S. Producer Prices Rise 0.4% in August Amid Soaring Energy Costs U.S. producer prices rose 0.4% in August, marking the largest increase in three months due to a surge in energy costs. The rise in international oil prices is expected to increase inflationary pressures ahead of next week's Federal Reserve monetary policy meeting. According to the U.S. Bureau of Labor Statistics (BLS), the final demand producer price index (PPI) increased by 0.4% from the previous month. This aligns with market expectations but is a significant jump from July's 0.1% increase. Ye September 10, 2026

International Oil Prices Near $110 Amid Rising Geopolitical Tensions in the Middle East International oil prices surge as Middle East tensions escalate Geopolitical tensions in the Middle East are driving international oil prices sharply higher. The price of Dubai crude, a benchmark for Middle Eastern oil, has surpassed $100 per barrel for the first time in four months, raising concerns in the domestic industry. Prolonged high prices could lead to increased costs for fuel, raw materials, energy, and logistics, thereby straining corporate budgets. As of September 10, industry sour September 10, 2026

ECB Raises Interest Rates Again Amid Rising Inflation Pressures The European Central Bank (ECB) has raised interest rates for the second time this year to combat rising energy prices and inflation pressures stemming from conflicts in the Middle East. On September 10, local time, the ECB held a monetary policy meeting in Frankfurt, Germany, and decided to increase the deposit rate from 2.25% to 2.50%, marking a 0.25 percentage point rise. This follows an increase in June, making it the second hike in three months. The main refinancing rate was raised from 2.4 September 10, 2026

Shinsegae Centum City Hosts 'Active Festa' with 41 Participating Brands Shinsegae Centum City reported an 80% increase in sales on the basement level of Centum City Mall, which was repurposed from a duty-free shop to a sports, fashion, and content space. During the same period, overall sales for Centum City Mall rose by 23%.To celebrate the first anniversary of the basement level's opening, Shinsegae Centum City announced that it will host the 'Active Festa' from September 11 to 20, featuring 41 brands from sports, outdoor, and street fashion.The basement level, whi September 10, 2026

Fire on Cargo Ship in Qingdao, China, Claims 20 Lives; 5 Missing A fire broke out on a foreign-flagged cargo ship undergoing repairs at a shipyard in Qingdao, Shandong Province, resulting in 20 fatalities and 5 missing persons. According to China's state-run Xinhua News Agency, the fire occurred at 11:15 a.m. on September 10 at the Qingdao Beihai Shipbuilding Company, a subsidiary of China Shipbuilding Group. At the time of the incident, there were 42 people on board the vessel. Twelve individuals were able to escape safely, while five were injured and transp September 10, 2026

Hanwha Aerospace to Export 18 Chunmoo Rocket Launchers to Croatia Hanwha Aerospace will export 18 units of its domestically produced multiple launch rocket system, Chunmoo, to Croatia. The contract is valued at approximately 640 billion won, making Croatia the fourth European country to adopt the Chunmoo system. According to Yonhap News Agency on September 10, the Defense Acquisition Program Administration announced that Hanwha Aerospace and the Croatian Ministry of Defense signed the Chunmoo export contract in Zagreb. The contract amount is about 410 million September 10, 2026

OpenAI and Anthropic's AI Warnings: Still Science Fiction, Control is Reality "Superintelligence beyond humans," "There is a 10% chance that artificial intelligence (AI) could lead to human extinction within the next decade." OpenAI and Anthropic have been announcing general artificial intelligence (AGI) with the release of new models. In just three days, they solved mathematical problems and autonomously improved their intelligence. As scenes reminiscent of science fiction movies unfold, both companies continue to issue warnings about 'AI domination over humans.' Some in September 10, 2026