Busan Sees Significant Increase in New Corporations in First Half of 2026 The number of new corporations in the Busan area has shown a notable increase in the first half of 2026, indicating a rebound in the startup market.The rise in foreign tourists and major development projects appear to have stimulated entrepreneurial sentiment in the service sector and specific industries. However, domestic-focused sectors such as retail and construction remain subdued, necessitating a multifaceted analysis of the causes and tailored policy responses.According to a report release July 30, 2026

Creating Memories of Taean Through Art: Special Experiences at Irooon Workshop On July 28, an online exchange event for Korean and Chinese fan crafts was held at the Irooon Workshop in Taean, South Chungcheong Province.During the event, artisans from Taean and Tai'an, China, showcased their works, with Seong Ji-sook, the representative of Irooon Workshop, presenting her own creations.The Irooon Workshop serves as a space where visitors can create handicrafts, allowing them to take home memories of their trip to Taean.Last October, the workshop relocated to provide a more s July 30, 2026

Amanoi Resort Plans $43 Million Investment for Luxury Experience Expansion The luxury resort market in Vietnam is shifting from a competition of quantity to one focused on offering irreplaceable experiences. Amanoi has announced plans to invest 800 billion dong (approximately $43.9 million) to add 10 new rooms, raising questions about whether an investment of 80 billion dong (about $4.4 million) per room is justified. Unlike typical resorts that increase room numbers to boost profitability, luxury resorts are expanding their market by emphasizing scarcity, privacy, env July 30, 2026

LG Electronics Reports Record Q2 Revenue and Operating Profit LG Electronics announced on July 30 that it achieved a record revenue of 23.83 trillion won and an operating profit of 1.58 trillion won for the second quarter. Both figures represent the highest ever recorded for the second quarter. Compared to the same period last year, revenue increased by 14.9%, while operating profit surged by 147%.Despite unfavorable external conditions, including conflicts in the Middle East, the company leveraged its competitive edge in home appliances to drive revenue g July 30, 2026

Foreign Sales at Duty-Free Shops Near 5 Trillion Won in First Half of 2026 In the first half of 2026, foreign sales at South Korean duty-free shops approached 5 trillion won. The increase in foreign visitors and the industry's shift from catering to bulk buyers from China to attracting individual tourists contributed to this growth. However, despite the rise in the number of customers, the increase in sales has been slower, highlighting a decline in average spending as a new challenge. According to the Korea Duty-Free Shops Association, foreign sales from January to Ju July 30, 2026

Hwacheon County Council Calls for Designation of Peace Economic Zone On July 30, the Hwacheon County Council concluded its 297th extraordinary session, during which council members passed a resolution urging the designation of the county's second Peace Economic Zone. This session marked the first extraordinary meeting since the 10th Hwacheon County Council was established, focusing on various policy initiatives aimed at securing future growth and improving the quality of life for residents over a 15-day agenda.During the sixth plenary session, the council approve July 30, 2026

Hanwha Group Strengthens Third-Generation Leadership with Promotions Hanwha Group has promoted all three sons of Chairman Kim Seung-yeon, enhancing its third-generation leadership structure. The company announced on July 30 that the promotions of key executives and the appointment of new CEOs for several affiliates will take effect on August 1.Kim Dong-kwan has been elevated to senior vice chairman, while Kim Dong-won, president of Hanwha Life, has been promoted to vice chairman. Kim Dong-sun, vice president of Hanwha Vision, has been named president.As senior vi July 30, 2026

Climate Change Creates 'Brutal Summer'; Experts Warn Heat Waves Are Just the Beginning South Korea's summers increasingly resemble those of Southeast Asia, characterized by high humidity, scorching sunlight, and sudden downpours. The landscape of midsummer is no longer the familiar temperate climate. The troubling aspect of this change is that it does not affect everyone equally.Disasters always strike unevenly. For farmers, construction workers, delivery drivers, and elderly individuals living alone, heat waves are not just uncomfortable weather; they pose a life-threatening disa July 30, 2026

Interview: Lee Dong-wook on 'Killer's Shopping Mall 2' and the Thrill of Action The second season of the Disney+ original series 'Killer's Shopping Mall' has quickly risen to the top of global viewership for Korean originals, proving its predecessor's strong presence after a two-and-a-half-year hiatus. At the center of this success is Lee Dong-wook, who reprises his role as Jin-man, a former mercenary and the founder of the shopping mall, who returns from the dead. "I am so grateful to the fans who waited for two years. I’m happy that the love for Season 1 laid the founda July 30, 2026

The Technology Shares Plunge 82% on First Day of Trading Resumption Ahead of Delisting The Technology experienced a significant drop of over 80% on the first day of its trading resumption. This decline is attributed to a surge in sell orders from investors ahead of its impending delisting.According to the Korea Exchange, as of the afternoon of July 30, The Technology's shares were trading at 205 won, down 935 won (82.02%) from the previous trading day. Trading resumed after a suspension due to the company's delisting process.The Korea Exchange determined that The Technology met th July 30, 2026