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

Hana Bank Supports 3,500 Small Businesses with Store Improvements and AI Training 하나은행이 전국 소상공인 사업장 3500곳을 대상으로 매장 환경 개선과 인공지능(AI) 활용을 지원한다. 하나은행은 오는 8월 11일까지 '소상공인 경쟁력 강화 지원 사업' 2차 참여자를 모집한다고 밝혔다. 지원 분야는 사업장 환경 개선과 AI 역량 강화 교육·컨설팅으로, 총 3500개 사업장을 선정할 예정이다. 사업장 환경 개선 분야에서는 소상공인 사업장 2000곳을 선정해 1곳당 최대 200만원을 지원한다. 지원 대상은 노후 간판 디자인·설치와 매장 실내 보수, 집기·비품 구입 등이다. 신청자는 간판 개선과 실내 환경 개선 가운데 July 23, 2026

Everland's Baby Panda Celebrates 50 Days of Life, Weighs 2.3 kg "The baby is starting to hold its head up and crawl..."Everland, operated by Samsung C&T's resort division, has shared an update on its baby panda, born through natural breeding, as it reaches 50 days old on July 23.The baby panda was born on June 3 at Panda World to mother Aibao and father Lubao. It is the fourth female giant panda born in South Korea, following Fu Bao in 2020 and twins Ruibao and Huibao in 2023.◆ Eyes Open and Crawling; Weight Increased 13 Times Since BirthAccording to Everlan July 23, 2026

South Korea Expands Water Industry Cooperation with Turkmenistan South Korea and Turkmenistan are set to enhance their cooperation in the water industry. The two countries plan to expand exchanges in digital water management technology and policies while accelerating the entry of domestic water companies into the Central Asian market.The Ministry of Climate, Energy and Environment and the Ministry of Foreign Affairs announced on July 23 that they hosted a delegation from the Turkmenistan government for three days starting July 21 as part of the 'Korea-Turkmen July 23, 2026

Korbit Welcomes Mirae Asset Group as New Majority Shareholder Domestic virtual asset exchange Korbit has welcomed Mirae Asset Consulting, a subsidiary of Mirae Asset Group, as its new majority shareholder. Korbit announced that there will be no changes to its corporate structure or service operations following the change in majority ownership, emphasizing its commitment to enhancing user protection and service competitiveness.On July 23, Korbit stated on its website, "Mirae Asset Consulting has become the majority shareholder after acquiring shares in Korb July 23, 2026

KB Financial Group Creates 1.66 Trillion Won in Social Value in First Half of 2026 KB Financial Group announced that it generated a total of 1.66 trillion won in social value in the first half of 2026.In the second quarter alone, the group achieved 834 billion won. KB Financial measures social value based on the tangible changes made in society rather than just the costs incurred. The results for the first half reflect achievements in supporting financially vulnerable groups, youth independence, small business growth, and regional balanced development.In the area of inclusive July 23, 2026

Minister Jeong Dong-young: Opening the Door to a Peaceful Two-State Relationship is Our Duty Jeong Dong-young, Minister of Unification, stated on July 23 that it is the ministry's historical duty to open the door to a peaceful two-state relationship on the Korean Peninsula. This message was conveyed in a letter to employees marking his first anniversary in office. In the letter titled 'One Year In Office: A Message to the Unification Family,' Minister Jeong emphasized the importance of having a clear sense of purpose and fulfilling the responsibilities of the Ministry of Unification. Re July 23, 2026