Design Miami Seoul to Showcase Global Designers and Galleries in September In September, designers, galleries, and collectors from around the world will gather in Seoul. After choosing Seoul as the first Asian host last year, 'Design Miami' is significantly expanding the event this year, aiming to establish the city as a key hub for global collectible design.The Seoul Design Foundation announced on July 23 that 'Design Miami Seoul 2026' will kick off with a preview on August 31, followed by the main event from September 1 to 6 at Dongdaemun Design Plaza (DDP). The even July 23, 2026

Government to Enhance Investment Support for Critical Mineral Supply Chain The South Korean government is set to expand investment support to secure a stable supply chain for critical minerals, essential raw materials for advanced industries such as semiconductors, electric vehicles, and artificial intelligence (AI). In particular, the government plans to explore the use of the National Growth Fund, considering the long-term, large-scale funding needs of critical mineral projects.On July 23, the Ministry of Trade, Industry and Energy and the Financial Services Commissi July 23, 2026

Government to Enhance Investment Support for Critical Mineral Supply Chain The South Korean government is set to expand investment support to secure a stable supply chain for critical minerals, essential raw materials for advanced industries such as semiconductors, electric vehicles, and artificial intelligence (AI). In particular, the government plans to explore the use of the National Growth Fund, considering the long-term, large-scale funding needs of critical mineral projects.On July 23, the Ministry of Trade, Industry and Energy and the Financial Services Commissi July 23, 2026

KB Kookmin Bank and NH Nonghyup Bank Join Deposit Token Payment Infrastructure Expansion Project KB Kookmin Bank and NH Nonghyup Bank have been selected as participants in the Ministry of Science and ICT and the Korea Internet & Security Agency's 'Deposit Token Payment Infrastructure Expansion Project,' the banks announced on July 23.This initiative is a private consortium led by the Financial Settlement Agency, in collaboration with the Ministry of Economy and Finance and the Bank of Korea. The goal is to implement a private payment infrastructure that allows citizens to use deposit tokens July 23, 2026

Jang Dong-hyuk Calls for Investigation into Alleged Election Fraud Jang Dong-hyuk, leader of the People Power Party, urged on July 23 for the special investigation law to explicitly allow for an investigation into the Central Election Commission's (CEC) server, following the discovery of potential statistical manipulation by a joint investigation team looking into a shortage of ballots.Speaking to reporters at the National Assembly, Jang stated, "We must thoroughly investigate the truth of this matter, even if it means extending the period of the national inves July 23, 2026

Housing Supply Chain Disrupted, Expert Urges Government Action On July 23, during a national real estate forum chaired by President Lee Jae-myung, experts highlighted the disruption in the housing supply chain, which has been severed from permitting to construction, completion, and occupancy.Jin Mi-yun, a professor at Myongji University, emphasized the need for government-level financial and tax support to quickly reopen the blocked housing supply channels.During her presentation, Professor Jin stressed the urgency of housing supply for residential stabilit July 23, 2026

LS Electric Reports Record Q2 Operating Profit of 178.5 Billion Won LS Electric has achieved record sales and operating profit for the second quarter, driven by the power supercycle.On July 23, LS Electric announced that its consolidated sales for the second quarter reached 1.577 trillion won, with an operating profit of 178.5 billion won. This marks a 32.2% increase in sales and a 64.4% rise in operating profit compared to the same period last year. Compared to the previous quarter, sales grew by 14.6% and operating profit increased by 41.0%.These results signi July 23, 2026

President Lee: Real Estate Policy Must Endure Criticism and Resistance Lee Jae-myung, the President of South Korea, stated that the government must be prepared to face criticism, conflict, and resistance regarding real estate policies. Speaking at the 'National Discussion Forum on Real Estate Policy' held at KBS in Yeouido, Seoul, he remarked, "While decisions on real estate policy are not made by majority vote, if there is rationality, we should follow the majority opinion." The President emphasized that elected officials are granted the power to accept undesira July 23, 2026

U.S. Launches Investigation into China's Moonshot AI for Potential Chip Violations The U.S. government is reportedly investigating the Chinese startup Moonshot AI, which recently unveiled a high-performance artificial intelligence (AI) model, to determine whether it has used advanced AI semiconductors to evade U.S. regulations. Allegations have also emerged that the company may have unlawfully utilized models from American AI firms, raising the possibility of sanctions.According to a report by the technology news outlet The Information on July 22, the U.S. Department of Commer July 23, 2026

Court Rejects Webzen's Injunction Against Hound13, Steam Release of 'Dragon Sword' Proceeding as Planned A South Korean court has dismissed Webzen's request for an injunction to prevent Hound13 from publishing 'Dragon Sword.' Hound13 plans to release the Steam version, 'Dragon Sword: Awakening,' as scheduled.According to industry sources on the 23rd, the Seoul Central District Court's Civil Division 60 rejected Webzen's injunction request against Hound13 on the 22nd.'Dragon Sword,' developed by Hound13 and published by Webzen, was released on January 21. However, it failed to meet initial expectati July 23, 2026