ActionFit's Park In-ho: Ad Tech Experience Fuels Global Casual Game Success As the global mobile gaming market sees growth in the hybrid casual genre, with titles like 'WOS: Whiteout Survival,' 'King Shot,' and 'Royal Match' led by Chinese, Turkish, and European companies, South Korean game developers are also entering the approximately 8 trillion won global market.Among them is ActionFit, which generates 90% of its revenue from its mobile puzzle game 'Drop the Cat.' The company leverages its ad tech experience in advertising and data analysis to develop games and secur August 1, 2026

AI Civilization Relies on Power, Says Korea Hydro & Nuclear Power CEO AI is no longer just a technology; it marks the beginning of a new civilization powered by vast amounts of electricity. Data centers have become facilities that cannot afford a power outage for even a day, and in this context, nuclear power is being re-evaluated as a strategic infrastructure supporting the nation's AI competitiveness.This article examines how Kim Hwae-cheon, CEO of Korea Hydro & Nuclear Power, is preparing South Korea's future in the AI era.When discussing the AI era, we often t August 1, 2026

South Korea and Argentina Sign MOU for Critical Mineral Supply Chain Cooperation The South Korean government is strengthening cooperation with Argentina on critical minerals, coinciding with President Lee Jae-myung's visit to the country.According to Yonhap News Agency, the Ministry of Trade, Industry and Energy announced that Minister Kim Jung-kwan officially signed a memorandum of understanding (MOU) for South Korea-Argentina critical mineral cooperation on July 31.This MOU marks the first official cooperation document between the governments of South Korea and Argentina i August 1, 2026

Jeonbuk Special Self-Governing Province Receives Inaugural Report for 9th Elected Government The Inauguration Committee for the 9th elected governor of Jeonbuk Special Self-Governing Province, chaired by Shin Hyung-sik, has presented the 'Inauguration Committee White Paper' to Governor Lee Won-taek.According to the province, the white paper documents the activities and discussions of the committee from its launch on June 10 to the final report on June 30, covering 21 days and 504 hours of work reports, key issue assessments, site visits, policy discussions by subcommittees, expert lectu August 1, 2026

Jeonju City Tour Offers Half-Price Summer Promotion Jeonju, North Jeolla Province, is launching a special discount event for its city tour, allowing visitors to explore major attractions at a reasonable price during the summer vacation and holiday season.The city announced on August 1 that it will offer a 'Summer Special Event' for the 'Jeonju City Tour' with a 50% discount on the fare, bringing it down to 5,000 won for the entire month of August.This 'Summer Special Course,' which departs every Wednesday and Saturday, includes visits to healing August 1, 2026

Imsil County Tightens Integrity Measures During Summer Vacation Imsil County in North Jeolla Province announced on August 1 that it will issue an 'integrity advisory' until the end of the month to prevent laxity in public service discipline during the summer vacation season and to foster a culture of integrity.This integrity advisory aims to preemptively address potential corruption and breaches of decorum that may arise during the summer vacation period when public officials may become complacent.Key measures include: prohibiting private contact with job-re August 1, 2026

Fed Chair Kevin Warsh Considers Reducing FOMC Meeting Frequency Kevin Warsh, Chair of the U.S. Federal Reserve, is considering reducing the frequency of meetings held by the Federal Open Market Committee (FOMC) that determine interest rates.According to a report by Yonhap News Agency citing the New York Times (NYT), Warsh mentioned the possibility of changing the meeting frequency during the FOMC's regular meeting held on July 28-29. The NYT reported this based on information from four sources familiar with the discussions.Currently, the Fed holds FOMC meeti August 1, 2026

BNK and iM Financial Groups Strengthen Consumer Protection Efforts As the financial sector intensifies its focus on consumer protection, regional financial groups are also taking steps to improve governance and develop specialized personnel.According to the financial sector on August 1, BNK Financial Group has established a Financial Consumer Protection Committee under the board of directors for BNK Busan Bank and BNK Gyeongnam Bank. This move aims to directly review and supervise key policies and decisions related to consumer protection at the board level.The August 1, 2026

Legislation Push for Raising Retirement Age to 65 Sparks Concerns Among SMEs The push for legislation to raise the retirement age to 65 is causing heightened tension among small and medium enterprises (SMEs) as the National Assembly aims for passage this summer. Critics warn that implementing a uniform retirement age without proper preparation could lead to a "labor cost disaster" and exacerbate the youth employment crisis.According to industry sources on August 1, SMEs are strongly opposing the proposed mandatory retirement age extension primarily due to the "survival-t August 1, 2026

Education Ministry Announces Preliminary Selections for 2026 G-LAMP Program The Ministry of Education and the Korea Research Foundation announced the preliminary selections for the 2026 University Basic Research Institute Support (G-LAMP) program on August 1. Four universities have been selected for new support: Jeju University and Yeungnam University from non-capital regions, and Sejong University and Chung-Ang University from the capital region.The G-LAMP program (Global-Learning & Academic Research Institution for Master’s, PhD students, and Postdocs) aims to innovat August 1, 2026