Nongshim and B.I. Korea to Raise Prices on Popular Products Next Month Nongshim and B.I. Korea will raise prices on key products next month. According to industry sources on July 24, Nongshim will increase the ex-factory prices of its main cup noodles, snacks, and beverages by an average of 5.8% starting August 1.The price adjustment will affect a total of 43 brands, including 18 cup noodle varieties, 23 snacks, and 2 beverages. The average price increase by category is 6.0% for cup noodles, 5.5% for snacks, and 7.7% for beverages. As a result, the suggested retail July 24, 2026

Kia Confirms No Additional Electric Vehicle Incentives for European Market in Second Half Kia announced that it will not expand additional incentives for electric vehicles in the European market during the second half of the year. During a conference call on July 24 to discuss its second-quarter earnings, the company stated, "In Europe, we have increased vehicle incentives by over 1,000 euros to respond to competition from Chinese manufacturers by adjusting electric vehicle prices and expanding support for incentives."The company emphasized, "While there were expectations for further July 24, 2026

Samsung Biologics Shares Surge Over 10% Following Strong Q2 Earnings Samsung Biologics shares have surged over 10% following the announcement of its second-quarter earnings, which met market expectations.As of 2:50 PM on July 24, Samsung Biologics was trading at 1,524,000 won, up 145,000 won (10.51%) from the previous trading day, according to the Korea Exchange.The company reported consolidated revenue of 1.32 trillion won and an operating profit of 586.4 billion won for the second quarter of this year, marking increases of 30% and 23%, respectively, compared to July 24, 2026

Japan and China Foreign Ministers Meet for First Time in Eight Months Japan and China’s foreign ministers met face-to-face for the first time in eight months on July 23, following a deterioration in relations triggered by Japanese Prime Minister Sanae Takaichi's comments regarding Taiwan last November. The two ministers did not hold a formal meeting; instead, they briefly conversed while standing without an interpreter at an international conference.Nihon Keizai Shimbun reported that Japanese Foreign Minister Toshimitsu Motegi told reporters in Manila that he exch July 24, 2026

Oh Se-hoon Criticizes Lee Jae-myung's Views on Real Estate Policy Oh Se-hoon, the Mayor of Seoul, sharply criticized President Lee Jae-myung's comments regarding redevelopment and reconstruction, calling them "misguided perceptions." He particularly pointed out the contradiction in acknowledging the difficulty of developing new land in Seoul while denying the supply effects of urban renewal projects. On July 24, Oh posted on his Facebook page an article titled, "If you take a test with the answers hidden, the result will be a failure," where he strongly critic July 24, 2026

Nongshim to Raise Prices of 43 Brands by 5.8% Nongshim will raise the ex-factory prices of its popular cup noodles, snacks, and beverages by an average of 5.8% starting August 1. The primary reason for the increase is the soaring costs of materials, including packaging, due to prolonged high exchange rates and oil prices. However, all instant noodle products, including Shin Ramyeon, which directly affect consumer prices, are excluded from this price hike. According to Nongshim on July 24, the price adjustment will affect a total of 43 brand July 24, 2026

Coupang Fulfillment Service Offers Health Checks and Support to Residents Affected by Incheon Warehouse Fire Coupang Fulfillment Service (CFS) is providing free health check-ups, medical expenses, and cleaning and car wash costs to residents affected by the fire at its warehouse in Seongnam-dong, Incheon. The company will also offer free services from professional assessors to verify damages and plans to support factories and small businesses struggling due to vehicle restrictions. CFS announced on July 24 that it will operate an 'Emergency Medical Support Center' at the first floor of the Shin-hyeon E July 24, 2026

President Lee Departs for U.S. and South America, to Announce AI Declaration in San Francisco President Lee Jae-myung and First Lady Kim Hye-kyung departed for a 7-night, 11-day tour of the United States and South America on July 24, 2026. They will visit San Francisco, Brazil, Chile, Argentina, and return via Germany.President Lee and First Lady Kim left Seoul's Seongnam Airport around 1 p.m. on July 24. They were seen off by key officials, including Chief of Staff Kang Hoon-sik, Chief Political Secretary Hong Ik-pyo, and Acting Leader of the Democratic Party Han Byeong-do.Upon arrival July 24, 2026

Jogbo.com Launches Summer Event Targeting Academic Preparation As summer vacation approaches, the education sector is rolling out promotions aimed at preparing students for the second semester. This period serves as a time to reinforce learning from the previous semester and prepare for the upcoming one, leading to a surge in events that combine educational content with various benefits.Jogbo.com, a platform specializing in academic support under Education Zone Co., has announced its summer promotion event titled 'Full Course Shot.' The event is centered ar July 24, 2026

SK Telecom's Jeong Jae-hun Aims to Lead AI Infrastructure with SK Hyper Jeong Jae-hun, CEO of SK Telecom (SKT), has expressed his commitment to accelerating the expansion of the artificial intelligence data center (AIDC) business. He aims to establish SK Hyper as a hub for AI infrastructure in Asia.According to industry sources on July 24, Jeong told employees the day before, "We launched SK Hyper to ensure rapid execution and tangible results for AIDC, which is a core growth business for the company. Now is the golden time for action as competition for AI infrastru July 24, 2026