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

Daewoo Engineering Partners with KINX for Data Center Development Daewoo Engineering & Construction is collaborating with KINX, a specialist in data center operations, to engage in a comprehensive partnership for the development, construction, and operation of data centers.On July 23, Daewoo announced that it signed a memorandum of understanding (MOU) with KINX at KINX's headquarters in Gwacheon.Attendees at the signing ceremony included Jeon Yong-soo, head of Daewoo's Architectural Division, Lee Sang-won, executive director, members of the Data Center Task Fo July 24, 2026

Yuhan Corporation to Enhance Shareholder Value by Retiring 425.3 Billion Won in Shares Yuhan Corporation has announced plans to retire over 400 billion won worth of its own shares to enhance shareholder value.The company disclosed on July 23 that its board of directors approved the retirement of shares valued at 425.3 billion won, with the retirement scheduled for July 31.A total of 6,064,420 shares will be retired, representing 7.5% of the company's total shares.Yuhan Corporation stated that the purpose of the share retirement is to improve shareholder value.Additionally, Yuhan C July 24, 2026

South Korea's Foreign Minister Meets EU and UK Counterparts to Address Global Issues South Korea's Foreign Minister Park Jin met with the EU's High Representative for Foreign Affairs and Security Policy, Josep Borrell, and the new UK Foreign Secretary, Ed Miliband, to discuss collaborative responses to global challenges.According to the Ministry of Foreign Affairs, Minister Park held separate bilateral meetings on July 23 in Manila, Philippines, with Borrell and Miliband.During the Korea-EU Foreign Ministers' meeting, both sides evaluated the progress made in security, defense, July 24, 2026

Heavy Rain and Heat Wave Expected in Seoul and Gangwon Most regions are expected to experience hot weather. In Seoul and Gangwon, monsoon rains are forecasted, particularly in the northern areas.According to Yonhap News and the Korea Meteorological Administration, a stationary front has formed along the northern border, bringing rain to Seoul and Gangwon.Expected rainfall amounts are 10 to 60 mm in northern Gyeonggi, Incheon, the five western islands, northern inland Gangwon, and northern mountainous areas of Gangwon (with some places in northern in July 24, 2026

KOSPI Falls Below 7000 Amid U.S. Tech Stock Declines and Geopolitical Risks The KOSPI index fell below 7000 on July 24, impacted by escalating geopolitical risks in the Middle East and a sharp decline in U.S. tech stocks. Following a broad drop in the New York stock market the previous day, investor sentiment has weakened, leading to early trading losses.As of 9:04 a.m. on July 24, the KOSPI was down 129.22 points (1.82%) at 6967.67. The index opened at 7000.78, down 96.11 points (1.35%).In the securities market, foreign investors sold a net 417.6 billion won, while ins July 24, 2026

Final Ruling Expected Today in Choi Tae-won and Noh So-young's Property Division Case Choi Tae-won, 65, chairman of SK Group, and Noh So-young, 65, director of the Art Center Nabi, are set to receive a ruling today in their long-running property division case.The Seoul High Court's Family Division, led by Judge Lee Sang-joo, will hold a public hearing at 2 p.m. to announce the verdict in the property division case, which has been ongoing since Choi filed for divorce mediation in July 2017, marking nearly nine years of legal disputes.Choi and Noh married in September 1988 and have July 24, 2026