Deposit Rates Rise to 3.4% as Major Banks Adjust Interest Rates Major commercial banks are raising deposit rates in response to rising market interest rates.According to the financial sector on September 10, Hana Bank increased the interest rate on its flagship one-year term deposit product, 'Hana's Time Deposit,' from 3.2% to 3.3%, a 0.1 percentage point rise. This follows a previous increase in July, when the rate was raised from 2.9% to 3.2%.Woori Bank also raised the interest rate on its main deposit product, 'WON Plus Deposit,' from 3.2% to 3.4%, an inc September 10, 2026

Juyun Tech's Market Value Falls Below 10 Billion Won Amid Delisting Concerns 주연테크 has seen its stock price decline for five consecutive trading days due to concerns over its failure to meet market capitalization requirements for listing. According to the Korea Exchange, as of 1:50 PM on September 10, Juyun Tech's shares were trading at 697 won, down 86 won (10.98%) from the previous trading day. The stock has dropped 35.76% from 1,085 won over the past five days. The company's market capitalization has fallen to approximately 9.7 billion won based on the closing p September 10, 2026

KOSPI Fluctuates Around 7,000 Amid Foreign and Institutional Selling; KOSDAQ Turns Positive The domestic stock market continued to show weakness in the afternoon, with the KOSPI fluctuating around the 7,000 mark due to ongoing selling by foreign and institutional investors. In contrast, the KOSDAQ managed to reverse its early losses and turn positive.According to the Korea Exchange, as of 1:39 PM, the KOSPI was down 22.16 points (0.31%) at 7,029.48. The index opened at 7,038.85, down 12.79 points (0.18%) from the previous trading day, and has been moving around the 7,000 level.By inves September 10, 2026

HD Hyundai Heavy Industries to Invest 1 Trillion Won in Engine and SMR Projects HD Hyundai Heavy Industries is making a significant investment in land-based power engines and small modular reactors (SMRs) to enhance its future competitiveness.On September 10, HD Hyundai Heavy Industries announced it will invest a total of 1.0722 trillion won to establish a new production base for power engines and a dedicated factory for SMR manufacturing.Initially, the company will invest 833.6 billion won to build a new production facility for its HiMSEN engines in Onsan-eup, Ulsan, with September 10, 2026

South Korea's Foreign Minister to Meet Uganda's Deputy Prime Minister South Korea's Foreign Minister Cho Hyun will meet with Uganda's Deputy Prime Minister Chrispus Walter Kiyonga on September 10.Park Doo-soon, spokesperson for the Ministry of Foreign Affairs, announced during a regular briefing in Seoul that Kiyonga is visiting South Korea as the chief representative for the 'Korea-Uganda Trade and Investment Forum,' co-hosted by the Korea International Trade Association and the Ugandan Embassy in South Korea.During the meeting, the two ministers are expected to September 10, 2026

Gwachon City Corporation Enhances Energy Efficiency at Second Indoor Gym The Gwachon National Sports Center, operated by the Gwachon City Corporation, has implemented eco-friendly facilities in its newly completed second indoor gym to reduce air pollutants and enhance energy efficiency. According to the corporation, the new gym features a low nitrogen oxide (Low NOx) boiler designed to decrease nitrogen oxide (NOx) emissions. Additionally, the outdoor units of the air conditioning system are equipped with devices to reduce air pollutant emissions. High-efficiency equ September 10, 2026

Controversy Erupts Over Portion Size of Grilled Hairtail at Jeju Restaurant A controversy has arisen over the portion size of grilled hairtail at a restaurant in Jeju Island.Recently, on social media, a customer identified as A visited a grilled hairtail restaurant in Seogwipo, Jeju, and posted about the small portion after ordering four servings. A reported that they paid approximately 90,000 won for four servings of grilled hairtail (72,000 won), along with additional dishes of pork and steamed eggs. However, the portion of grilled hairtail appeared to be insufficient September 10, 2026

Government Responds to 'Peter Pan Dad' with National Responsibility for Care of Disabled "Where will my child go when I am gone?" This was the anguished cry of Jeon Gyeong-cheol, a writer known as the 'Peter Pan Dad,' who recently passed away after battling cancer while raising his son, a severely autistic individual with a developmental age of just two years. His story, marked by rejection from over 1,000 facilities across the country, starkly highlighted the harsh reality that the burden of caring for individuals with developmental disabilities has fallen solely on families.In res September 10, 2026

Mayor Shin Gye-yong: Citizens Must Be Included in Gwacheon's Future Decisions Mayor Shin Gye-yong stated on September 10 that "the city of Gwacheon and its citizens must not be excluded from the process of determining the future of Gwacheon," as he raised concerns about the Ministry of Justice's plan to relocate to Sejong.During a press conference held in the lobby of the government building, Shin criticized the government's unilateral announcement of the relocation plan, which he said significantly impacts Gwacheon's future, without sufficient prior consultation with the September 10, 2026

KOSPI Struggles Amid Middle East Tensions and Rising Interest Rates The domestic stock market is showing weakness in early trading due to heightened geopolitical tensions in the Middle East and surging international oil prices and U.S. Treasury yields. As foreign and institutional investors continue to sell, the KOSPI index has fallen to the 7000 level, prompting efforts to defend the index.According to the Korea Exchange, as of 9:13 a.m. on September 10, the KOSPI was trading at 7008.00, down 43.64 points (0.62%) from the previous trading day. The index opened September 10, 2026