Investors Face Bankruptcy as Stock Market Plummets, Reporting Losses of Up to 96.8% As the domestic stock market experiences extreme volatility and continues to decline, retail investors who invested recklessly in leveraged products or margin trading are facing bankruptcy.Recent posts on investment forums and online communities have flooded in, with individuals expressing their despair over losses caused by the stock market crash.One investor shared a shocking account showing that their total account balance had plummeted to just 8,175 won, reflecting a -96.83% return and nearl July 30, 2026

KLPGA Tour K-Food Nolbu-Hwami Masters Canceled, Reducing Season to 30 Events The KLPGA Tour's K-Food Nolbu-Hwami Masters, scheduled for September 25-27, has been canceled.On July 30, the KLPGA Tour announced, "The K-Food Nolbu-Hwami Masters has been regrettably canceled due to circumstances on the part of the organizer." The K-Food Nolbu-Hwami Masters is organized by Nolbu, a Korean cuisine franchise, and Hwami, a food ingredient company. The tournament was established last year.In the inaugural event, Hong Jung-min claimed victory with a total score of 12-under-par 204, July 30, 2026

Investigation Reveals Rental Scam Involving 10 Billion Won Deposit "I thought it would be fine since it was an association related to the government; I never doubted it."This was the sentiment expressed by victim A, who signed a lease for an officetel in Samseong-dong, Gangnam, Seoul, based on that trust. The building is owned by the Korea Construction Technology Association, a legal entity under the Ministry of Land, Infrastructure and Transport. Association staff held seminars in the building's basement, and the property manager personally addressed any issue July 30, 2026

KB Kookmin Bank and Japan's MUFG Successfully Test Cross-Border Payment with Deposit Tokens KB Kookmin Bank has successfully completed a cross-border payment experiment using deposit tokens in collaboration with Japan's MUFG Bank.On July 30, Kookmin Bank announced that it had verified cross-border payment scenarios as part of its participation in 'Project Agora,' a joint initiative by the Bank for International Settlements (BIS) and the Institute of International Finance (IIF).Project Agora aims to validate the efficiency and stability of cross-border payments using deposit tokens and July 30, 2026

Lee Chang-dong Becomes First Korean Director to Win TIFF Ebert Director Award Lee Chang-dong has been named the first Korean director to receive the TIFF Ebert Director Award at the Toronto International Film Festival Tribute Awards.On July 30, the team behind the Netflix film 'Possible Love' announced that Lee will be honored with the TIFF Ebert Director Award during the 51st Toronto International Film Festival Tribute Awards.'Possible Love' tells the story of two couples—a laid-off worker and his wife, and a documentary filmmaker and her husband—who confront their diffe July 30, 2026

Samsung Invests 800 Billion Won in Semiconductor and DX Technologies Samsung Electronics is establishing a venture investment fund totaling 800 billion won to enhance its competitiveness in next-generation semiconductors and secure new technologies in the consumer electronics and mobile sectors (DX).According to a disclosure on July 30 by the Financial Supervisory Service's electronic disclosure system, Samsung Electronics announced that it is forming the 82nd and 83rd New Technology Investment Funds (SVIC) in collaboration with Samsung Venture Investment and wil July 30, 2026

Microsoft Surges While Meta Struggles Amid AI Investment Outcomes Microsoft and Meta both reported revenues that exceeded market expectations. However, while Microsoft absorbed the burden of significant artificial intelligence (AI) investments backed by strong cloud growth, Meta faced deteriorating profits and free cash flow due to soaring costs, leading to mixed market evaluations of their AI investment returns.On July 29, Reuters reported that Microsoft’s revenue for the fourth quarter of its fiscal year rose 18% year-over-year to $90 billion, surpassing the July 30, 2026

Kumho Tire Reports 2nd Quarter Operating Profit of 182.2 Billion Won, Expands High-Profit Tire Sales Kumho Tire continued its growth in the second quarter of this year, driven by strong sales in the North American and European markets.The company reported an operating profit of 182.2 billion won for the second quarter, a 4% increase compared to the same period last year.Sales rose by 9.1% to 1.33 trillion won during the same period. This growth is attributed to an increase in original equipment (OE) tire supply and a rise in sales of high-profit replacement (RE) tires.The company also focused o July 30, 2026

Bank of Korea Participates in 'Project Agora' Real Transaction Test, Validating Cross-Border Payment Potential The Bank of Korea has participated in a real transaction test for 'Project Agora,' led by the Bank for International Settlements (BIS), confirming the operational feasibility of a tokenized cross-border payment system.On July 30, the Bank of Korea announced that through this month's Real Value Testing (RVT) for Project Agora, it has verified that the platform's key functions and operational processes can run stably in an environment similar to actual operations.Project Agora is a global initiati July 30, 2026

Hyundai Card Adjusts Convenience Store Benefits Amid Cost Management Hyundai Card is scaling back benefits offered at convenience stores. As the need for profitability management grows due to reduced merchant fees and increased procurement costs, the company is adjusting its strategy by modifying existing partnerships while expanding into new consumer areas.According to the card industry on July 30, Hyundai Card will reduce the M-point usage rate from 20% to 10% for major convenience stores in South Korea, including GS25, CU, 7-Eleven, and Emart24, starting Augus July 30, 2026