Hancom Rebrands After 36 Years, Accelerates Shift to AI Company Hancom has changed its name from 'Hangul and Computer' to 'Hancom' and is accelerating its transition to an artificial intelligence (AI) focused company.On July 24, Hancom announced that it has completed the procedures for changing its name and stock designation.The name change, which comes after 36 years of using 'Hangul and Computer,' aims to clearly communicate its business restructuring direction toward becoming an AI company to the capital markets.Recently, Hancom has been nurturing its AI July 24, 2026

Canada Considers Response to Trump's Proposed 50% Tariff Canada is exploring options in response to President Donald Trump's proposed 50% tariff on certain Canadian products. The country is prepared to consider all measures, including retaliatory tariffs, if trade negotiations with the U.S. break down.On July 23, Mark Carney, the Prime Minister of Canada, stated after a meeting with provincial leaders in Charlottetown, Prince Edward Island, "If an agreement is not reached, all options are on the table." However, he did not specify what actions Canada July 24, 2026

Art Service Reporting System to Launch on July 26 with One-Year Grace Period The 'art service reporting system' aimed at building consumer trust in the art market will be implemented.The Ministry of Culture, Sports and Tourism announced on July 24 that the 'Enforcement Decree of the Art Promotion Act' was approved at a Cabinet meeting, and the reporting system will take effect on July 26.Under the new system, those wishing to operate in the art service industry must report to the head of their local government. The art service industry includes gallery operations, art au July 24, 2026

HD Hyundai Heavy Industries Accelerates AI Shipyard Transition with Siemens Contract HD Korean Shipbuilding Industries is embarking on a paradigm shift in the shipbuilding industry through the establishment of an AI-based future shipyard.On July 23, HD Korean Shipbuilding Industries, a mid-holding company of HD Hyundai's shipbuilding sector, announced that it signed a main contract with global engineering firm Siemens Digital Industries Software for the introduction of a 'next-generation marine platform.'The event, held in Washington, D.C., was attended by executives and officia July 24, 2026

U.S. Treasury Maintains South Korea on Watch List Amid Ongoing Won Depreciation Pressure The U.S. Treasury Department has kept South Korea on its watch list for the fourth consecutive time since the second half of 2024's currency report. Being on the watch list indicates that while immediate economic sanctions are not forthcoming, the U.S. is closely monitoring the country. Additionally, there are analyses suggesting that the one-sided depreciation of the won does not align with South Korea's economic fundamentals.According to the Ministry of Economy and Finance on July 24, the U.S. July 24, 2026

Fire Breaks Out at Commercial Building in Busan's Gangseo District, No Injuries Reported A fire broke out at a commercial building in Busan's Gangseo District.According to Yonhap News and the Busan Fire and Disaster Headquarters, a report of the fire was received at approximately 2:33 a.m. on July 24, originating from a fishing equipment manufacturing and sales store in Daejeo 1-dong.Fire authorities deployed 178 personnel and 70 pieces of equipment to the scene, successfully extinguishing most of the fire and currently conducting mop-up operations.Fortunately, there were no reporte July 24, 2026

SK Securities Raises LS Electric's Target Price Amid Growing AI Data Center Revenue SK Securities evaluated on July 24 that LS Electric is simultaneously experiencing an increase in revenue share from AI data centers and the effects of operating leverage. As a result, the firm raised its target price from 240,000 won to 310,000 won while maintaining a 'buy' rating.Nam Min-sik, a researcher at SK Securities, cited the rising demand for power distribution equipment for AI data centers, securing major local clients in the U.S., and the commencement of domestic conglomerate project July 24, 2026

Market Preview: U.S. Big Tech Plummets, Samsung Electronics and SK Hynix Weak in Pre-Market The KOSPI is expected to take a breather on July 24 amid the spread of geopolitical risks in the Middle East and a sharp decline in U.S. big tech stocks. The New York stock market experienced a broad downturn as international oil prices surpassed $100 per barrel and U.S. Treasury yields rose. U.S. stocks closed lower across the board. With Alphabet and Tesla shares plummeting, investor sentiment weakened, particularly in technology stocks, as both international oil prices and U.S. Treasury yield July 24, 2026

Alphabet's Strong Performance Boosts Semiconductor Stocks as Tech Giants Await Earnings ◆아주경제 주요뉴스▷Alphabet's strong results lift semiconductor stocks amid AI investment focus.- Google's parent company Alphabet reported better-than-expected earnings and reaffirmed its commitment to expanding artificial intelligence (AI) investments, leading to a rise in domestic semiconductor stocks.- Market attention is shifting from AI semiconductor companies like NVIDIA to major cloud firms such as Microsoft, Meta, and Amazon as they await earnings reports.- Alphabet announced on July 22 July 24, 2026

President Yoon Suk Yeol to Meet Big Tech CEOs During U.S. and South America Trip President Yoon Suk Yeol will meet with leading figures from global tech companies, including Sam Altman, CEO of OpenAI, and Jensen Huang, CEO of NVIDIA, in San Francisco on July 24.Joining him will be prominent business leaders such as Lee Jae-yong, chairman of Samsung Electronics; Chey Tae-won, chairman of SK Group; Chung Eui-sun, chairman of Hyundai Motor Group; and Lee Hae-jin, chairman of Naver.The Blue House announced on July 22 that President Yoon will travel to San Francisco, Brazil, Chil July 24, 2026