LG Supports Ethiopian Veterans' Descendants Choir with Dedicated Practice Space LG is supporting the activities of the Kangnyu Choir, composed of descendants of Ethiopian veterans who served in the Korean War. The initiative goes beyond a one-time donation, providing dedicated practice space and equipment, as well as sponsoring performances in Korea to connect the legacy of the participating nations to future generations.In collaboration with the Ministry of Veterans Affairs and the Warm Day Foundation, LG announced plans to establish a dedicated practice room for the Kangn July 24, 2026

Hyundai Mobis Reports 12.1% Increase in Q2 Operating Profit Driven by Expansion of Automotive Components Hyundai Mobis achieved double-digit operating profit in the second quarter of this year, driven by the expansion of high-value automotive component sales and strong performance in its afterservice (A/S) business.On July 24, Hyundai Mobis announced in a regulatory filing that it recorded sales of 16.3247 trillion won and an operating profit of 975.2 billion won for the second quarter. Sales increased by 2.4% compared to the same period last year, while operating profit rose by 12.1%. Net profit f July 24, 2026

KAIST and NVIDIA Establish AI Research Institute with $300 Million Investment The Korea Advanced Institute of Science and Technology (KAIST) and NVIDIA announced the establishment of a joint AI research institute at the Kim Jae-cheol Graduate School of AI on July 24. The collaboration aims to develop AI models and agent systems tailored to the Korean language and domestic industries.Through this partnership, KAIST and NVIDIA will create a long-term research cooperation framework to secure foundational AI technologies in South Korea, cultivate global talent, and enhance in July 24, 2026

DeepSeek Founder Predicts Chinese Chips Will Replace Nvidia Within a Year The founder of Chinese AI company DeepSeek has predicted that within a year, Chinese-made AI semiconductors will sufficiently replace Nvidia chips.Liang Wenfeng, founder of DeepSeek, expressed his views during a private meeting with investors in May. His comments have recently circulated on Chinese social media, with reports from various Chinese outlets, including Meirijingjixinwen. Liang is known for his limited interactions with the media, making these remarks particularly noteworthy in China. July 24, 2026

HLB Shares Rise 8% on FDA Approval Hopes for Cholangiocarcinoma Drug HLB is experiencing strong gains in early trading due to expectations surrounding FDA approval for its cholangiocarcinoma treatment. As of 9:30 a.m. on July 24, HLB shares were trading at 32,650 won, up 2,650 won (8.83%) from the previous trading day. The company announced that its U.S. subsidiary, Elevate Therapeutics, successfully completed a late-cycle meeting with the FDA regarding the approval review of the FGFR2-targeted cancer drug, liraglutide, without any significant issues. This me July 24, 2026

U.S. Maintains South Korea on Currency Monitoring List Amid Weak Won The U.S. government has kept South Korea on its currency monitoring list. According to a semiannual currency report submitted to Congress by the U.S. Treasury on July 23, South Korea is included in the list alongside China, Japan, Taiwan, Singapore, Vietnam, and Germany. A total of 10 countries were listed, the same as in the January report. The Treasury evaluates major trading partners based on their trade surpluses with the U.S., the balance of payments from international transactions, and gov July 24, 2026

Dongkuk Pharmaceutical Launches Dermatology Advisory Group for Madecassol Labs Dongkuk Pharmaceutical is accelerating the development of its science-based dermatological brand, Madecassol Labs, in collaboration with a dermatology advisory group. The company aims to expand its existing dermatological business, centered around its Centellian24 line, into high-performance skincare products for hospitals and clinics.According to Dongkuk Pharmaceutical, the Madecassol Labs brand is being developed in partnership with a dermatology advisory group and is set to launch in the firs July 24, 2026

Xiaomi Launches Smart Band, Watch, and AIoT Products in South Korea Xiaomi is expanding its artificial intelligence of things (AIoT) product lineup in South Korea with the launch of smart bands, smartwatches, wireless earbuds, and home cameras. The company is focusing on building an ecosystem that connects wearables, audio devices, and smart home products rather than just selling individual devices.Starting July 24, Xiaomi Korea announced that it will sell the 'Xiaomi Smart Band 10 Pro,' 'Redmi Buds 8,' 'Xiaomi Watch S5 46mm,' 'Xiaomi Smart Camera C500,' and 'Xi July 24, 2026

Min Hong-cheol, Kang Min-guk, and Lee Gi-heon to Attend Peru Presidential Inauguration President Lee Jae-myung will send a special envoy delegation to attend the inauguration of Peru's new president, Keiko Fujimori, on July 28.According to the Blue House on July 24, the delegation, consisting of Min Hong-cheol, chairman of the Korea-Peru Parliamentary Friendship Association, along with lawmakers Kang Min-guk and Lee Gi-heon, will explain the South Korean government's national philosophy and foreign policy to their Peruvian counterparts.The delegation plans to deliver a message fro July 24, 2026

Exchange Rate Fluctuates Around 1,470 Won Amid Middle East Tensions and Rising Oil Prices The won-dollar exchange rate is fluctuating around 1,470 won.As of 9:30 a.m. on July 24 in the Seoul foreign exchange market, the exchange rate stands at 1,471.7 won per U.S. dollar. The rate opened at 1,475.5 won, up 8.7 won from the previous session as of 6 a.m.The rate had dropped to 1,461.5 won the previous day but rose again during overnight trading. This increase is attributed to heightened tensions in the Middle East, which have led to rising international oil prices and a stronger dollar July 24, 2026