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  • Hekto Healthcare Launches Probiotic Product for Pets Amid Growing Market
    Hekto Healthcare Launches Probiotic Product for Pets Amid Growing Market Hekto Healthcare has officially entered the pet healthcare market with the launch of a probiotic product for pets. On September 7, Hekto Healthcare announced the release of 'De Simone Pet Probiotics' under its probiotic brand 'De Simone.' The product features a proprietary formula called 'De Simone Formulation,' which combines eight strains of bacteria and contains 30 billion CFU of probiotics per packet. It is designed with a chicken flavor to appeal to both dogs and cats. The development process included palatability testing with 133 pets. Kim Seok-jin, CEO of Hekto Healthcare, stated, "We aim to grow into a brand that helps pet owners consistently manage their pets' healthy daily lives." The launch of this new product aligns with a broader trend in the industry. Daewoong Pharmaceutical is currently seeking approval for its dog atopic dermatitis treatment 'Flodicitinib' and diabetes treatment 'Enblopet.' Additionally, it has introduced a liver disease treatment called 'UDCA Jeong' under its own brand 'Daewoong Pet.' Yuhan Corporation has expanded into specialized pet treatments with its nutritional supplement brand 'Willopet,' which includes a cognitive dysfunction treatment 'Zedacure' and an immuno-oncology drug 'Paxluridin-15.' Il Dong Pharmaceutical is also operating the 'Il Dong Pet' series, which includes probiotics and joint health products. The industry's interest in the pet market is driven by rapid growth in market size. According to Fortune Business Insights, the global pet healthcare market is projected to grow from $21.38 billion (approximately 30 trillion won) in 2025 to $38.87 billion (approximately 55 trillion won) by 2034, with an average annual growth rate of around 6%. The domestic market is also expected to expand to about 20 trillion won by 2032, according to estimates from the Ministry of Agriculture, Food and Rural Affairs.* This article has been translated by AI. 2026-09-07 11:40:00
  • Kakao to Host if(kakao)26 Conference, Unveiling AI Service Strategies
    Kakao to Host 'if(kakao)26' Conference, Unveiling AI Service Strategies Kakao will hold the 'if(kakao)26' conference in October, revealing its technology and service strategies centered on artificial intelligence (AI). The event aims to enhance user experience by integrating AI into existing services and will showcase the development achievements of the 'Kanana' model, which underpins agentic AI, along with the direction for safe and responsible AI technology.On September 7, Kakao announced that the 'if(kakao)26' conference will take place on October 13-14 at the Kakao AI Campus in Yongin, Gyeonggi Province. This conference serves to unveil the Kakao Group's technological vision and share accumulated technical achievements with the developer community.This year marks the eighth iteration of the event, themed 'Connections Meet Intelligence.' Kakao aims to present a vision that expands individual capabilities and possibilities by integrating AI technology into its established connection experiences. The company will also share its thoughts and execution plans regarding the responsibilities technology must uphold in the AI era.On the first day, CEO Jeong Shin-a will deliver a keynote speech titled 'Connections for All, Intelligence for One,' introducing Kakao's AI direction and the values reflected in its services. Following this, Kim Dae-nyun, Chief Design Officer, will share insights on designing AI service experiences that understand context. Noh Byeong-seok, leader of the Unified Foundation Model, will present the current status and future plans for the Kanana model, which serves as the foundation for agentic AI. Chief Technology Officer Song Jae-ha will address the technical requirements for safe and responsible AI.After the keynote, over 50 technical sessions featuring Kakao and affiliate developers will take place over the two days. These sessions will cover topics such as AI direction, coexistence and growth, models, and agents, sharing insights and experiences gained from real services and development sites.On the second day, discussions will continue under the theme 'The Moment Technology Becomes Trustworthy.' The day will begin with a welcome session by Chief Technology Officer Song Jae-ha, followed by presentations on governance, stability and infrastructure, and the AI-driven development life cycle (AI-DLC) that innovates the entire development process.This year, participants will have various opportunities to experience if(kakao) in different ways. A fireside chat will provide a relaxed atmosphere for discussing the changes brought by AI during the development process and the standards necessary for responsible development and technology operation in the AI era, featuring Kakao and community speakers as well as external panelists. After the presentations, an after-session will allow deeper Q&A between presenters and participants, along with a keyword networking program for free exchanges based on individual roles and interests.A Kakao representative stated, 'This if(kakao) will present new values that Kakao aims to create by adding AI technology to its accumulated connection experiences, and it will be a platform to share how this technology should operate based on certain standards and responsibilities. We will continue to expand Kakao's essence of connection in a safer and more valuable way, based on trustworthy technology and AI operational experience.'Kakao is accelerating the expansion of agentic AI services centered around KakaoTalk this year. In its second-quarter earnings report, the company announced plans to sequentially showcase experiences where AI performs users' daily actions such as ordering, reserving, and paying through KakaoTalk, aiming to develop this into a new growth and monetization pillar.* This article has been translated by AI. 2026-09-07 11:40:00
  • KOSPI Approaches 6900 Mark Amid AI and Semiconductor Boost
    KOSPI Approaches 6900 Mark Amid AI and Semiconductor Boost The KOSPI surged over 3% on the morning of September 7, nearing the 6900 mark. Major semiconductor stocks, including Samsung Electronics and SK Hynix, showed strong performance, driven by simultaneous buying from foreign and institutional investors.According to the Korea Exchange, as of 11:25 a.m., the KOSPI was up 202.90 points (3.03%) at 6890.11, having briefly reached 6923.64 during trading.In the securities market, foreign and institutional investors recorded net purchases of 906.6 billion won and 759.4 billion won, respectively. In contrast, individual investors sold a net 2.3062 trillion won. Program trading showed a buying advantage of 675.3 billion won, with 144.8 billion won in arbitrage trading and 530.5 billion won in non-arbitrage trading.Most of the top market capitalization stocks were on the rise. Samsung Electronics traded at 265,500 won, up 3.91%, while SK Hynix rose 5.65% to 1,740,000 won. Other gainers included SK Square (5.96%), Samsung Electronics Preferred (2.14%), KB Financial (1.57%), Hyundai Motor (1.43%), Samsung Electro-Mechanics (1.28%), and LG Energy Solution (0.70%).Investor sentiment in semiconductor stocks is being bolstered by expectations of increased demand for artificial intelligence (AI) computing. Following a strong performance by semiconductor stocks like Micron and SanDisk in the U.S. market last week, buying interest has spread to domestic semiconductor stocks, including Samsung Electronics and SK Hynix.Meanwhile, the KOSDAQ index was up 12.42 points (1.53%) at 825.92 at the same time. Foreign investors recorded a net purchase of 12 billion won, while institutions and individuals sold a net 18.2 billion won and 2.4 billion won, respectively.Among the top KOSDAQ stocks, JUSUNG Engineering surged 5.61%. Other gainers included Roboteam (5.09%), EoTechnics (3.50%), Rino Industry (2.70%), and Wonik IPS (2.61%). However, EcoPro BM (1.32%), HLB (0.89%), and EcoPro (0.85%) also saw increases, while Rainbow Robotics (-0.44%) and Alteogen (-0.35%) faced declines.On Wall Street, the U.S. stock market fell on September 4 due to concerns over interest rate hikes following strong employment data for August. The Dow Jones Industrial Average dropped 0.51%, the S&P 500 fell 0.38%, and the Nasdaq Composite decreased by 0.29%. However, the Philadelphia Semiconductor Index rose 3.4%, maintaining a favorable investment sentiment for domestic semiconductor stocks.* This article has been translated by AI. 2026-09-07 11:36:00
  • Trump May Speak with Putin and Zelensky on September 7 After U.S. Envoy Visits
    Trump May Speak with Putin and Zelensky on September 7 After U.S. Envoy Visits Despite a U.S. envoy's visit to Russia and Ukraine over the weekend, no clear resolution has emerged regarding the Ukraine war. The Ukrainian media outlet Kyiv Independent reported on September 6, citing a U.S. official, that President Donald Trump may have a phone call with Russian President Vladimir Putin on September 7.The official indicated that Trump is expected to speak with Putin first after receiving reports from envoy Steve Witkoff and his son-in-law Jared Kushner, followed by a call with Ukrainian President Volodymyr Zelensky. The call is likely to take place on September 7, according to Kyiv Independent.Witkoff and Kushner visited Russia and Ukraine on September 5 and 6, respectively, to discuss potential resolutions to the Ukraine war with Putin and Zelensky. Although this marked the first visit by U.S. envoys to Ukraine, assessments suggest that no substantial breakthroughs toward ending the conflict were achieved.The discussions centered on the Donbas region, where Russia continues to demand territorial concessions from Ukraine. Russia conveyed to the U.S. delegation its stance that it could seize the Donbas region by force, while Ukraine firmly stated it cannot cede any part of the area.After meeting with the U.S. delegation, President Zelensky emphasized in a press conference that "Donbas is essentially a matter related to the entire war," warning that if Ukrainian forces do not secure a strong position on the front lines, Russia will continue to issue ultimatums. He reiterated calls for air defense and energy support, suggesting that the war could extend into the winter.Meanwhile, the U.S. delegation urged both Russia and Ukraine to return to a trilateral negotiation table with the United States.* This article has been translated by AI. 2026-09-07 11:24:00
  • Building Collapse in New Delhi Leaves 5 Dead, Dozens Trapped
    Building Collapse in New Delhi Leaves 5 Dead, Dozens Trapped A five-story boarding house in New Delhi, where college students resided, suddenly collapsed, resulting in at least five fatalities and dozens trapped under the debris. Authorities launched overnight rescue operations to search for additional survivors.According to Yonhap News and Indian media, the incident occurred on the afternoon of September 6 in the Satya Niketan area of southwest New Delhi. The building, which had one basement and five floors, collapsed unexpectedly, trapping people inside the wreckage.Immediately after the collapse, rescue teams recovered four bodies from the debris. One person, who was critically injured and transported to a hospital, later died, bringing the death toll to five. Rescuers managed to save nine individuals overnight, with five reported to be in serious condition.Reports indicate that dozens more may still be trapped beneath the rubble. While authorities have not disclosed the exact number of those trapped, some local media estimate that as many as 50 people could have been inside the building at the time of the collapse.The BBC reported that the building was primarily occupied by college students, and many were likely in their rooms at the time due to classes being canceled on Sunday. A local council member stated that some trapped individuals were calling for help from beneath the debris.The collapsed building is located near the South Campus of Delhi University, an area known for its concentration of boarding houses and dormitories for students. Witnesses reported that adjacent buildings also collapsed, but Delhi authorities had evacuated residents from nearby structures as a precaution against further collapses.Preliminary investigations suggest that ongoing underground construction work may have contributed to the collapse. According to the BBC, work was being done in the basement, and a nearby shop owner claimed that excavation was taking place to expand the boarding facility. There were also reports that while the upper structure had been reinforced, the lower columns were weak.Yonhap News reported that police are investigating the building's owner and others based on witness statements indicating that the building was over 50 years old and that the accident occurred during basement repair work.Building collapses involving aging or illegal structures have been a recurring issue in Delhi, particularly during the monsoon season when heavy rains weaken the ground. In April of the previous year, a residential building in northeastern New Delhi collapsed, resulting in the deaths of at least 11 people, including children.* This article has been translated by AI. 2026-09-07 11:20:00
  • Hanmi Pharmaceutical Introduces AI in Quality Assurance, Automates Documentation
    Hanmi Pharmaceutical Introduces AI in Quality Assurance, Automates Documentation Hanmi Pharmaceutical is set to integrate artificial intelligence (AI) into its quality assurance (QA) processes, fully automating quality documentation tasks. On September 7, Hanmi Pharmaceutical announced that it has been selected as a recipient of the 'AX (AI Transformation) One-Stop Voucher Support Project' for the pharmaceutical and bio sectors, led by the Ministry of Science and ICT. The company will begin implementing AI solutions and conducting validation work. The official name of the project is 'Hanmi Q-Agent.' In line with the government's initiative, it will be conducted as a consortium composed solely of domestic infrastructure. Hanmi Pharmaceutical will oversee the project, which includes linking internal standard operating procedures (SOPs), quality documents, IT governance, information security, and core systems (MES, LIMS, QMS). Samsung SDS will handle the establishment of the AX infrastructure, while Megazone Cloud will be responsible for implementing and tuning the AI solutions. SelectStar will play a role in building datasets and conducting third-party verification through AI reliability assessments. Through the 'Hanmi Q-Agent' project, Hanmi Pharmaceutical aims to elevate its QA processes to a global standard smart lab. The project commenced in July and will span two years, concluding in December of next year. The total budget for the first year is approximately 1.7 billion won, with around 1 billion won provided by the government. Hanmi Pharmaceutical plans to enhance its QA capabilities over the two-year project, using its Pyeongtaek bio plant as a base. In the first year, AI will learn from approximately 4,000 SOPs at the Pyeongtaek facility to provide evidence-based accurate responses. In the second year, a system will be established to automatically draft reports for the Annual Product Quality Review (APQR) based on the learned data. The focus will be on developing a 'Hanmi-specific language model' through fine-tuning based on Upstage's 'Solar' model, rather than using a general-purpose AI. This fine-tuned model will be utilized exclusively for enhancing quality assurance and quality control for innovative drug development at Hanmi Pharmaceutical. Additionally, Hanmi Pharmaceutical aims to transition from manual quality documentation tasks to an AI collaborative process, reducing workload and allowing employees to focus on high-value tasks such as drug development and global business. The initiative will also expand beyond the Pyeongtaek facility to other sites, including the R&D center, extending its reach to quality control (QC) and research and development (R&D) across the organization. Hanmi Pharmaceutical CEO Hwang Sang-yeon stated, "Through the Hanmi Q-Agent project, we will not only support the quality assurance of Epe, which is set to launch in the second half of the year, but also spread a successful AI innovation model throughout the group, enhancing the global export competitiveness of K-pharmaceuticals." Meanwhile, Hanmi Pharmaceutical is working on developing the country's first digital convergence medicine, combining the obesity drug Epe with a digital platform. Digital convergence medicine integrates pharmaceuticals with digital medical devices or health support devices, adding patient management functions through digital technology to the biological therapeutic effects of the drug. Hanmi Pharmaceutical envisions a system where patients prescribed Epe can record their weight, meals, exercise, and medication information in a dedicated application, allowing AI to analyze the data and provide personalized health management services.* This article has been translated by AI. 2026-09-07 11:16:00
  • KOSPI nears 6,900 on chip rally
    KOSPI nears 6,900 on chip rally SEOUL, September 07 (AJP) - South Korean KOSPI jumped nearly 3 percent Monday morning as foreign and institutional investors poured money into semiconductor heavyweights on renewed AI euphoria fueled by Nvidia's aggressive investment push. The benchmark KOSPI stood at 6,880.29 as of 10:30 a.m., up 2.9 percent from Friday's close. The index rose as high as 6,923.64, or about 3.5 percent, earlier in the session before pulling back. Its intraday low was 6,867.90. Foreign investors bought 825.9 billion won ($618 million), while institutions purchased 885.7 billion won. Their combined purchases reached about 1.71 trillion won. Retail investors sold 2.11 trillion won worth of shares as Semiconductor stocks led the advance. Samsung Electronics rose 3.82 percent to 265,250 won, while SK hynix surged 6.1 percent to 1,748,000 won. Hanmi Semiconductor gained 5.7 percent to 243,000 won and DB HiTek jumped 12.5 percent to 101,100 won. The semiconductor and semiconductor equipment sector gained about 4.4 percent, while a group of major semiconductor shares rose about 7.2 percent. The gains followed a strong session for U.S. chipmakers Friday. The Philadelphia Semiconductor Index climbed 3.4 percent to 11,735.26 even as the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed lower after stronger-than-expected U.S. employment data raised expectations that interest rates could remain high or rise further. Sentiment toward AI-related hardware was also supported by OpenAI's launch Thursday of GPT-6 Astra, its most capable model to date. The rollout reinforced expectations that increasingly powerful AI models will require continued investment in computing infrastructure, including high-performance processors and memory chips. Memory-related shares were among strongest performers in the U.S. session, helping drive gains in Samsung Electronics and SK hynix when trading resumed in Seoul. Oracle has also emerged as another focus for AI investors ahead of its quarterly earnings this week. Oracle shares gained about 3.1 percent Friday as investors looked ahead to results that could provide fresh clues on demand for AI cloud infrastructure. Other large-cap Korean stocks also advanced. LG Electronics surged 8.7 percent to 219,000 won, helping the electronics sector gain about 8.5 percent, strongest among major industry groups. Doosan Enerbility rose 5.2 percent to 83,300 won, Samsung Electro-Mechanics gained 1.9 percent to 1,427,000 won and Hyundai Motor advanced 1.8 percent to 390,500 won. Samsung SDI slipped 0.5 percent to 545,500 won, while Hanwha Investment & Securities fell 2.5 percent to 4,975 won. Energy equipment and service stocks rose about 4.1 percent. Doosan Fuel Cell jumped about 21 percent and BHI gained 11.7 percent. Solid-oxide fuel cell-related shares also advanced about 6.1 percent, with Bumhan Fuel Cell climbing 12.8 percent. The Korean won strengthened against the dollar, trading around 1,336.8 won per dollar, 0.9 percent higher. The smaller-cap KOSDAQ also moved higher, although investor flows were far less pronounced. The index stood at 825.60 as of 10:30 a.m., up 1.5 percent. It reached an intraday high of 828.85 and a low of 819.78. Foreign investors bought 5.6 billion won whereas retail investors sold 4.6 billion won and institutions followed with 7 billion won. Individual stocks showed larger moves. Samik Pharmaceutical surged 29.9 percent to 8,780 won, hitting the daily price limit, while TPC Robotics jumped 15.8 percent to 4,590 won. JW Shinyak rose 11.5 percent to 3,640 won, ALT gained 10.7 percent to 2,805 won and Skylabs climbed 7.5 percent to 25,250 won. Bit & Electronics added 3.3 percent to 2,805 won, while Ananti fell 5.3 percent to 5,410 won. Elsewhere in Asia, Japan's Nikkei 225 rose 1.76 percent to 66,162.29 and China's Shanghai Composite gained 0.4 percent to 3,945.68. Hong Kong's Hang Seng Index fell 0.34 percent to 25,563.29. Oil prices remained elevated as tensions involving the United States and Iran continued to raise concerns over energy supplies and shipping through the Strait of Hormuz. West Texas Intermediate crude traded around $92 a barrel, up 0.6 percent, while Brent crude stood near $96.70, up 0.4 percent. Brent gained more than 8 percent last week. Investors are paying close attention to Oracle's upcoming earnings report and U.S. inflation data expected to release later this week. Oracle is due to report results Thursday, with investors watching cloud growth, AI infrastructure demand, capital spending and cash flow to gauge whether heavy investment in AI is translating into stronger business growth. The U.S. August consumer price index is scheduled for Friday. The inflation report has taken on added importance after Friday's strong employment data increased expectations for a possible Federal Reserve rate hike this month. AJP Takeaways - KOSPI jumped 2.9 percent to 6,880.29 as of 10:30 a.m., led by strong gains in semiconductor heavyweights. - Foreign and institutional investors bought a combined 1.71 trillion won, while retail investors sold 2.11 trillion won. - Samsung Electronics rose 3.82 percent and SK hynix surged 6.1 percent, tracking Friday's 3.4 percent gain in the Philadelphia Semiconductor Index. - AI-related sentiment remained strong after OpenAI's GPT-6 Astra launch, while investors are watching Oracle's earnings for further signals on AI infrastructure demand. 2026-09-07 11:08:38
  • Collaboration Between Ministries to Enhance Regional Tourism via Airports
    Collaboration Between Ministries to Enhance Regional Tourism via Airports Officials are exploring ways to transform regional airports into gateways for foreign tourists, connecting airport access with local travel, accommodation, and spending.On September 7, the Ministry of Land, Infrastructure and Transport (MOLIT) and the Ministry of Culture, Sports and Tourism (MCST) announced that they will hold the 'Regional Airport-Linked Tourism Activation Forum' at Yangyang International Airport at 3 p.m. The forum aims to address the slow recovery of international passenger traffic at regional airports and discuss strategies for attracting and spreading foreign tourists.This forum is the third discussion following events in Daegu in April and Gimhae in May. Previously, the government assessed the development and demonstration of tourism products near Daegu and Gimhae airports, focusing on the processes of connecting regional transportation networks, expanding accommodation facilities, and improving rental car services and foreign visitor reception.Hosted by Kim Dae-hyun, the second vice minister of MCST, the forum will include over 50 participants from relevant ministries, including local governments from Gangwon Province and Yangyang County, as well as mayors from connected cities (Chuncheon, Gangneung, Sokcho), the Korea Culture and Tourism Institute, the Korea Tourism Organization, the Korea Airports Corporation, the Gangwon Tourism Foundation, the Korea Association of Travel Agents (KATA), airlines, and travel industry representatives.Son Shin-wook, a senior researcher at the Korea Culture and Tourism Institute, will present on 'Tourism and Aviation Linkage and Activation Strategies for the Yangyang Airport Area.' With inbound tourism reaching record highs, he will discuss the need to expand foreign tourist inflow to the Gangwon region and propose policy measures to utilize Yangyang Airport as a gateway for tourism in Gangwon.The MCST and MOLIT will share the direction of tourism and aviation policy initiatives, while local travel industries and airlines will discuss the current status of inbound tourism product development in Gangwon and the challenges they face. The roles and support plans of various agencies, including local governments, will also be shared.The comprehensive discussion will address issues throughout the entire travel process for foreign tourists, from route acquisition to transportation between airports and tourist sites, local reception capabilities, tourism content, marketing, and industry challenges.The MCST and MOLIT will continue to manage the tasks identified in the Daegu, Gimhae, and Yangyang forums through the 'Tourism and Transportation Policy Council.' A public discussion will be held in November to gather opinions on revitalizing regional airports and expanding foreign tourist presence, which will be reflected in future policies.Kim Dae-hyun, the vice minister of MCST, stated, “We will listen to the voices of the local community and the aviation and travel industries at Yangyang Airport and connect the challenges raised on-site to practical policy improvements. We aim to support foreign tourists in staying longer and spending more in Gangwon by ensuring seamless travel from the airport to tourist sites and experiences.”Lee So-young, the aviation policy director at MOLIT, added, “We will actively support new airline routes to Yangyang Airport and create conditions for stable operations. We will also enhance convenience services for foreign users at the airport and improve access transportation to closely connect Yangyang Airport with the region.”* This article has been translated by AI. 2026-09-07 11:08:00
  • SK Ecoplant to Enhance AI Technology Competitiveness
    SK Ecoplant to Enhance AI Technology Competitiveness SK Ecoplant is partnering with startups to discover innovative technologies in key business areas, including AI data centers.On September 7, SK Ecoplant announced that it is recruiting participants for the '2026 ConTech Meet-Up Day' until the end of the month.The ConTech Meet-Up Day is an open technology innovation competition aimed at identifying startups and small to medium-sized enterprises (SMEs) with innovative technologies, promoting joint technology development and commercialization.In the 2025 competition, startups and SMEs with innovative technologies in eight areas participated, including Industry AI, generative AI, AI security, wearable AI, robotics, semiconductors, fuel cells, and others.This year's competition will focus on 22 demand technologies applicable to SK Ecoplant's business and field operations. Key areas of recruitment include AI data centers, off-site construction (OSC), design AI, purchasing AI, construction AI, robotics and automation, and resource recycling and safety.In the AI data center category, technologies for optimizing power, cooling, design, and operational efficiency will be sought. The OSC category will look for technologies related to design, module production, logistics, and installation automation. Additionally, the competition will explore technologies and solutions for drawing analysis and design review, appropriate cost analysis and cost prediction, site progress and quality management, robot-based process automation, and resource recycling and safety.Startups and SMEs with relevant innovative technologies or solutions are encouraged to participate in the competition. Applications can be submitted through the SK Ecoplant website until the end of the month.SK Ecoplant will conduct document reviews and presentation evaluations for the submitted technologies. The evaluation will comprehensively consider the innovation potential, joint technology development possibilities, and applicability to SK Ecoplant's business and field operations to select the award-winning companies.The winning companies will collaborate with SK Ecoplant on joint technology development and explore commercialization opportunities. They will also receive support for technology development funding and investment attraction in collaboration with co-hosting organizations such as public, research, academic, and investment institutions, and outstanding companies will be awarded recognition from the co-hosting organizations.Kim Young-sik, CEO of SK Ecoplant, stated, “Through this competition, we aim to discover innovative technologies applicable to key business areas, including AI data centers, and strengthen our future technological competitiveness through open innovation with various companies and institutions.”* This article has been translated by AI. 2026-09-07 11:08:00
  • Additional 658 Cases of Jeonse Fraud Victims Recognized, Total Reaches 40,936
    Additional 658 Cases of Jeonse Fraud Victims Recognized, Total Reaches 40,936 The Ministry of Land, Infrastructure and Transport announced that it recognized an additional 658 cases of jeonse fraud victims last month. The total number of jeonse fraud-affected homes purchased by the Korea Land and Housing Corporation (LH) has reached 10,718.According to the ministry on September 7, the Jeonse Fraud Victim Support Committee held three general meetings last month, reviewing a total of 1,798 cases and ultimately determining 658 as victims of jeonse fraud.Of the approved 658 cases, 627 were new applications, including reapplications. The remaining 31 cases were appeals against previous decisions, which were confirmed to meet the criteria under Article 3 of the Jeonse Fraud Victim Support Act after additional review.Among the remaining 1,140 cases, 626 did not meet the criteria and were rejected. Additionally, 239 cases were excluded from consideration as the victims were able to recover their full deposits through guarantee insurance or priority repayment. Of the appeals, 275 cases were also dismissed after failing to meet the criteria in the additional review.To date, the total number of individuals recognized as victims of jeonse fraud stands at 40,936. The committee has made 1,225 decisions regarding requests for emergency measures and has provided a total of 77,805 supports related to housing, finance, and legal procedures to the recognized victims.Individuals who have not been recognized as victims of jeonse fraud or have been denied can file an appeal under Article 15 of the Jeonse Fraud Victim Support Act. Even if an appeal is rejected, they can reapply if circumstances change in the future.As of August 31, the LH has purchased a total of 10,718 homes affected by jeonse fraud, with an average monthly purchase rate of 716 homes this year.The Ministry of Land and LH are working to expedite the purchase of affected homes through regular review meetings and a fast-track process. They plan to continue discussions with local courts and auction houses to support the housing stability of victims.* This article has been translated by AI. 2026-09-07 11:08:00