300 Days After National Data Resource Fire, Public Institutions Struggle with Cloud Adoption Since the fire at the National Data Resource Management Center in Daejeon, the alternative proposed, the Daegu Public-Private Partnership (PPP) Cloud, has effectively become a backup zone for Daejeon, leaving many public institutions facing challenges in securing cloud services.Due to limited available space, only systems classified as high security are allowed to reside in the Daegu PPP zone. Institutions that do not receive this classification are forced to rely on private cloud services, lead July 23, 2026

Shinhan Financial Group Explores Acquisition of Lotte Insurance 신한금융그룹 is reviewing various merger and acquisition (M&A) opportunities, including Lotte Insurance. During a conference call following the second-quarter earnings announcement, Shinhan Financial's Chief Financial Officer (CFO) Jang Jeong-hoon stated, "We are examining not only Lotte Insurance but also various options that could benefit us. Nothing has been finalized yet." Jang noted that M&A involves negotiations with other parties, which may include various stakeholders, and that findin July 23, 2026

LUNATE Discusses New Album 'SNEAKERS' and Its Fresh Energy Returning with a more liberated energy, the group LUNATE is set to make their official comeback with their fourth mini-album, 'Off the Grid,' after a 10-month hiatus. 'Off the Grid' embodies the group's bold ambition to redefine their starting point, breaking free from established norms. Known for their distinct concepts and performances, LUNATE aims to showcase a fresh street vibe and vibrant energy with this album. “During the past 10 months, we traveled on a European tour and engaged in vari July 23, 2026

Samsung Declares 'Mainstreaming of Foldables' at Galaxy Unpacked Event Samsung Electronics has officially declared that the foldable smartphone market has entered a new phase of mainstream adoption. Noh Tae-moon, head of the Device Experience and Product Division, made this announcement during a press conference following the Galaxy Unpacked 2026 event in London on July 22. Samsung has introduced three models this year: the Galaxy Z Fold8 Ultra, Fold8, and Flip8, tailored to meet diverse consumer preferences. Noh emphasized that this new lineup represents the high July 23, 2026

Supreme Court Delays Kim Geon-hee's Stock Manipulation Case Hearing The Supreme Court has postponed the hearing for Kim Geon-hee's case involving stock manipulation related to Deutsche Motors and has decided to refer the case to the full court.On July 23, the Supreme Court announced, "The case against defendant Kim Geon-hee for violations of the Capital Markets Act has been rescheduled for referral to the full court."Originally set for a ruling on July 24 at 2 p.m. under the Second Division of the Supreme Court, led by Justice Park Young-jae, the case was sent t July 23, 2026

Coinone Reports Change in Major Shareholders Following Investment from Hanwha Investment & Securities and OKX Ventures 금융당국이 한국투자증권과 OKX벤처스의 전략적 투자에 따른 코인원의 대주주 변경신고를 수리했다. According to the virtual asset industry on July 23, the Financial Intelligence Unit (FIU) of the Financial Services Commission approved the change in major shareholders for Coinone the previous day. On June 26, it accepted a report on changes in executives. This report follows a contract signed on May 29, in which Hanwha Investment & Securities and OKX Ventures agreed to acquire 20% each of the share July 23, 2026

Jeong Dong-young Announces Shift from 'Denuclearization First' to 'Peace First' Approach Jeong Dong-young, the Minister of Unification, announced on July 23 that the current administration has effectively abandoned the previous government's 'denuclearization first' policy in favor of a 'peace first' approach. During a visit to the press room at the Government Seoul Building to mark his one-year anniversary in office, Jeong outlined the achievements of the past year. He stated, "While we have not abandoned the ultimate goal of denuclearization, we have discarded the denuclearization July 23, 2026

Interest Rate Hike: Impact on Savings and Construction Before Home Prices The real estate market is difficult to read, and so is home buying. Today, the Bank of Korea raised the benchmark interest rate from 2.50% to 2.75%, marking a 0.25 percentage point increase—the first hike in three and a half years. When news of an interest rate hike emerges, attention quickly turns to home prices. However, this decision is not solely aimed at the real estate sector. Consumer prices rose to 3.2% in June, and this year's growth rate is expected to exceed the May forecast of 2.6%. July 23, 2026

Park Hyun-joo: Korbit Joins Mirae Asset as It Expands Digital Asset Business Mirae Asset Group is integrating the virtual asset exchange Korbit as a growth driver, ushering in the 'Mirae Asset 3.0' era. Korbit will change its name to 'Digital X' following the upcoming shareholders' meeting and other procedures.Park Hyun-joo, Global Strategist of Mirae Asset Group, informed employees in a letter on July 23 that "the virtual asset exchange Korbit has become a part of Mirae Asset," adding, "Korbit is starting anew today under the name 'Digital X.'" Park emphasized, "Our mis July 23, 2026

Hyundai Faces Triple Challenges from Tariffs, Raw Material Costs, and Strikes Hyundai Motor's operating profit has dropped by more than 20% compared to the same period last year, primarily due to the ongoing impact of U.S. tariffs over the past four quarters. Lee Seung-jo, Hyundai's Chief Financial Officer, stated during a second-quarter earnings conference call on July 23, "In the first quarter, we paid 900 billion won in U.S. tariffs, and we expect a similar amount in the second quarter. However, we anticipate that the tariff impact will decrease in the second half comp July 23, 2026