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  • Special Prosecutors Investigation Nears Conclusion with Key Indictments Expected
    Special Prosecutor's Investigation Nears Conclusion with Key Indictments Expected The Special Prosecutor's Office, led by Kwon Chang-young, is accelerating its final decisions with less than a week remaining before the investigation deadline. Indictments are expected this week for key figures, including Kim Geon-hee, the wife of President Yoon Suk-yeol, and Yoon Han-hong, a current lawmaker from the ruling People Power Party.According to legal sources on August 17, the Special Prosecutor is anticipated to indict around five individuals, including Kim Geon-hee, Yoon Han-hong, and Kim Tae-young, the CEO of 21gram, in connection with allegations of favoritism regarding the relocation of the presidential residence.Kim Geon-hee is accused of facilitating the awarding of contracts for renovations to 21gram, an unqualified company, in exchange for receiving luxury clothing from brands like Dior, under charges of bribery and abuse of power.Yoon Han-hong faces allegations of improper involvement in the selection of 21gram. His team has categorically denied the accusations.Indictments related to individuals involved in the alleged cover-up of stock manipulation investigations concerning Deutsche Motors, which were initially expected last week, have been postponed. A Special Prosecutor official explained, "The delay is due to uncertainty about the scope of those to be indicted."The Special Prosecutor has charged former Prosecutor General Shim Woo-jung with abuse of power, while former Seoul Central District Prosecutor Lee Chang-soo and former Anti-Corruption Investigation Division Chief Choi Jae-hoon face charges of forgery and violations of the Anti-Bribery Act. Former Deputy Chief Prosecutor Seo Min-seok, who was part of the investigation team, is also charged with forgery, and former Gongju District Prosecutor Kim Min-goo faces charges under the Anti-Bribery Act.Hwang Yu-seong, the former head of the Military Counterintelligence Command, and Moon Yeon-cheol, the former head of the Marine Corps Counterintelligence Unit, are also expected to be indicted this week. They are accused of concealing the so-called "VIP (presidential) anger" in the handling of the death of Corporal Chae. The Special Prosecutor plans to proceed with indictments without reapplying for arrest warrants.Additionally, the Special Prosecutor has decided to indict Hong Jang-won, a former deputy director of the National Intelligence Service who was a whistleblower on insurrection, and Cho Sung-hyun, a former commander of the Army's Capital Defense Command, who resisted unconstitutional orders to prevent the deployment of follow-up units to the National Assembly.Hong was not a target during the Insurrection Special Investigation led by Special Prosecutor Cho Eun-seok but was charged after the launch of the Special Prosecutor's Office, and he denies all allegations. Cho is not charged, as the Insurrection Special Prosecutor determined that he had actively instructed his subordinate units not to cross the Seogang Bridge, thereby eliminating the illegal situation he had caused.Regarding the allegations related to the Seoul-Yangpyeong Expressway, there are reports of internal disagreements within the Special Prosecutor's Office regarding the handling of former Minister of Land, Infrastructure and Transport Won Hee-ryong.A Special Prosecutor official stated, "With only a few days left in the investigation, it is uncertain whether we can effectively summon him again. There are differing opinions on whether to handle it directly or refer it to another investigative agency."It is understood that the charges against former Deputy Minister of Land, Infrastructure and Transport Baek Won-guk, who is also implicated in the same allegations, will be referred to another investigative agency.The Special Prosecutor has indicted a current police officer for leaking investigation information to officials at the Ministry of Land, Infrastructure and Transport. The officer, identified as A, was indicted without detention on charges of leaking official secrets and violating the Kim Geon-hee Special Investigation Act (obstruction of investigation) on July 7.A is accused of assisting in the destruction of evidence by informing a Ministry of Land, Infrastructure and Transport official under investigation about the progress of the investigation, including search and seizure operations, last October.The investigation into allegations that the Yoon Suk-yeol administration intervened in the investigation of the Ssangbul North Korea remittance case has reportedly been stagnant since June.In the legal community, there are concerns that the Special Prosecutor's Office may be overreaching its authority by pursuing indictments in cases that are legally contentious.* This article has been translated by AI. 2026-08-17 13:32:00
  • Changes to Train Ticket Booking for Chuseok Holiday
    Changes to Train Ticket Booking for Chuseok Holiday This year's Chuseok train ticket booking will see changes as it marks the first booking since the integration of KTX and SRT services.According to Korail, ticket sales for the 2026 Chuseok holiday will begin on September 3. The tickets will be for trains operating from September 23 to 27.The first thing to check during this booking period is whether you need to transition to an integrated railway membership.Starting September 1, Korail will operate high-speed trains under a unified system. As a result, this year's Chuseok tickets will be available only to integrated railway members.Members who are currently registered only with Korail will be automatically converted to integrated members without any additional steps. However, those who are members of both Korail and SR, or only with SR, will need to go through a separate process to transition to integrated membership.The transition can be completed through the conversion page available on the Korail and SR apps and websites.The Chuseok ticket booking schedule will vary based on the target users and routes.On September 3 and 4, from 9 a.m. to 3 p.m., pre-booking will be available for people with disabilities, senior members aged 65 and older, pregnant women, and veterans eligible for transportation support.On the 3rd, tickets for the Gyeongbu, Gyeongjeon, Donghae, Jungbu Inland, Gyeongbuk, Daegu, Chungbuk, and suburban lines will be available. On the 4th, tickets for the Honam, Jeolla, Jungang, Gangneung, Janghang, Yeongdong, Taebaek, Seohae, Gyeongchun, and Mokpo-Boseong lines can be booked.For those unable to use the internet for pre-booking, a dedicated phone line for holiday ticket reservations will be available. Those eligible for pre-booking, excluding senior members, must complete user verification on the Korail website before booking.General booking for all citizens will take place from September 7 to 11, daily from 7 a.m. to 1 p.m.On the 7th, tickets for all regular train routes, including ITX-Saemaul, ITX-Maum, and Mugunghwa, will be available. On the 8th, KTX tickets for Gyeongjeon, Gangneung, Donghae, Jungang, and Jungbu Inland lines can be booked. On the 9th, KTX tickets for Honam and Jeolla lines will be available. On the 10th, KTX tickets departing from or arriving at Suseo Station on the Gyeongbu, Gyeongjeon, Donghae, Honam, and Jeolla lines can be booked. Finally, on the 11th, KTX tickets for the Gyeongbu line will be available.Even for the same route, the booking date may vary depending on the train and departure station, so users should check their schedules in advance.Bookings can be made through the Korail+ mobile app and the holiday ticket booking page on the Korail website.After successfully booking tickets, it is important to keep track of the payment deadlines.Payments for Chuseok tickets will start at midnight on September 12. General booking tickets must be paid for by the 15th, while tickets for pre-booking for people with disabilities must be paid by the 18th. Tickets not paid for within the specified period will be automatically canceled.This year's Chuseok falls on Friday, September 25. The official Chuseok holiday runs from the 24th to the 26th, and with Sunday the 27th included, the holiday extends over four days.Korail will begin integrated high-speed train operations on September 1, merging the previously separate KTX and SRT services under the KTX name, while the existing SRT will be renamed KTX-Sancheon.* This article has been translated by AI. 2026-08-17 13:12:10
  • Mokpo Receives Heavy Rainfall, Reports 83 Cases of Flood Damage
    Mokpo Receives Heavy Rainfall, Reports 83 Cases of Flood Damage Heavy rainfall in Mokpo, Jeollanam-do, reached a maximum of 64.2 mm per hour, leading to significant flooding in homes and on roads. The city has deployed personnel and equipment to assess damage and begin emergency recovery efforts. According to Mokpo city officials, the cumulative rainfall from midnight to 10 a.m. on August 16 totaled 160 mm. The intense downpour, peaking at 64.2 mm per hour, resulted in widespread flooding. So far, the city has received reports of 83 incidents of damage, including 30 cases of road flooding and 35 instances of home flooding, along with additional reports of damage to other facilities. In response to the heavy rain warning, the city activated its disaster response headquarters and implemented an emergency work system. One-third of all staff from eight collaborating departments participated in emergency duties, conducting field inspections and implementing controls in flood-prone areas. In flooded areas, the city focused on minimizing further damage and resident inconvenience by deploying available equipment, such as drainage pumps and water pumps, for drainage operations. Mayor Kang Seong-hwi visited the affected areas early on August 16 to assess the situation. He emphasized the importance of prioritizing the prevention of casualties and instructed relevant departments to ensure thorough investigations to avoid any omissions during the damage assessment and to expedite emergency recovery efforts. The city will continue to accept additional damage reports and plans to assess the extent of damage to public and private facilities through field investigations. Based on the findings, a recovery plan will be established, prioritizing areas in urgent need of emergency recovery with personnel and equipment. Support procedures, including disaster relief funds, will be initiated for affected residents according to relevant criteria. The city aims to go beyond simple emergency recovery by analyzing the causes of flooding and drainage conditions in various regions. For areas that experience repeated flooding or are vulnerable to heavy rain, the city plans to develop preventive measures based on the investigation results. Mayor Kang Seong-hwi stated, “We will concentrate administrative efforts on damage assessments and emergency recovery so that affected residents can return to their daily lives as soon as possible,” adding, “We will create a safer Mokpo by establishing preventive measures tailored to the characteristics of each area.”* This article has been translated by AI. 2026-08-17 13:12:00
  • Heavy Rain Causes Landslides and Flooding in South Gyeongsang Province
    Heavy Rain Causes Landslides and Flooding in South Gyeongsang Province Record rainfall has hit South Gyeongsang Province, particularly affecting the southern coastal areas of Geoje and Tongyeong, where over 500mm of rain has caused casualties, flooding, and road damage.According to the South Gyeongsang Province Disaster Safety Headquarters, as of 11:30 a.m. on August 17, one person has died and dozens have been displaced due to the heavy rain, with access to over 200 dangerous areas completely restricted.Since August 15, the cumulative average rainfall in the region has reached 195.9mm.By city and county, Geoje recorded the highest rainfall at 570.3mm, followed by Tongyeong at 449.2mm, Goseong at 327.9mm, and Sacheon at 286.7mm. Notably, the Hadu area in Geoje saw an extreme 843.5mm, while Tongyeong recorded 684.9mm, leading to widespread chaos.The Korea Meteorological Administration has issued a heavy rain warning for Geoje and maintained a heavy rain advisory for Changwon, Tongyeong, Sacheon, Goseong, and Namhae, forecasting an additional 80 to 150mm of rain (with some areas possibly exceeding 250mm) throughout the day, raising concerns about further damage.Casualties from the heavy rain have also been reported. In Geoje and Tongyeong, landslides and mudflows resulted in one death and three injuries. In Geoje, a landslide buried a house, leading to one fatality and two injuries, while Tongyeong reported one injury from a mudflow.Property damage is also significant, with 12 roads, four rivers, 23 landslides, and 20 homes either damaged or flooded. Additionally, power outages have affected 2,030 households, and two livestock have died. Fire authorities have conducted 345 safety operations, including 32 rescues and six drainage support efforts, focusing on emergency recovery.To prevent further casualties, the province has implemented proactive evacuation measures for residents in dangerous areas. A total of 165 residents from 125 households in Tongyeong, Sacheon, and Geoje have been evacuated to safer locations. Of these, 66 residents from 45 households have returned home, while 99 residents from 80 households remain in community centers, village halls, or with relatives.Due to rising river levels and flooding concerns, access to 212 locations in the province is strictly controlled. This includes 111 pedestrian bridges, 47 riverside walking paths, 18 underpasses, 13 roads, and two parking lots.In particular, the Geoje area has seen major roads and the vicinity of the intercity bus terminal flooded and blocked due to mud and debris.South Gyeongsang Province has raised its disaster response level to Stage 2 and mobilized 1,468 provincial and municipal officials to maintain a 24-hour emergency response system.Under strong directives from the Ministry of the Interior and Safety and the provincial governor, the province has deployed personnel and equipment to high-risk areas, including landslide-prone zones, steep slopes, riversides, and underpasses, ensuring no gaps in response during nighttime and early morning hours.Additionally, a dedicated management system for vulnerable groups, such as the elderly and disabled, has been activated, and residents have been informed of the disaster situation and safety measures through 68 disaster text messages, 1,457 automated voice notifications, and 852 village broadcasts.A representative from the South Gyeongsang Province Disaster Safety Headquarters stated, "The concentrated rainfall has increased the risk of landslides and mudflows on weakened ground due to drought. We urge everyone to avoid dangerous areas and cooperate with evacuation guidance from local authorities." 2026-08-17 13:12:00
  • Efforts to Stabilize Cabbage Prices in Jeonnam Gwangju
    Efforts to Stabilize Cabbage Prices in Jeonnam Gwangju In response to anticipated increases in cabbage cultivation area for fall and winter due to last year's price surge, Jeonnam Gwangju is proactively adjusting cultivation areas to prevent oversupply and price declines.On August 17, Jeonnam Gwangju announced a 'cabbage crop conversion project' targeting 400 hectares in the major cabbage-producing regions of Haenam and Jindo.The total project budget is 18 billion won. Farmers who have cultivated cabbage in the past two years (2024-2025) can receive 4.5 million won per hectare if they switch to other crops such as oats or buckwheat, or leave the land fallow.Support is limited to a maximum of 2 hectares per farm, and those converting to crops with potential supply instability, such as garlic, onions, or green onions, will be excluded from the program. Interested farmers must apply at their local township or village office by the 20th.This initiative comes as a response to the likelihood of increased cabbage cultivation area this year following last year's price rise.According to the Korea Rural Economic Institute's August forecast, the intended cultivation area for fall cabbage nationwide is expected to increase by 2.7% compared to last year, while winter cabbage is projected to rise by 3.6%. If the expanded cultivation area leads to an actual increase in production, the possibility of price declines due to oversupply cannot be ruled out.Cabbage, along with other open-field vegetables like garlic and onions, experiences significant price fluctuations based on cultivation area and weather conditions. Particularly, when prices rise in one year, it often leads to increased cultivation the following year, resulting in a cycle of oversupply and price drops.A decline in kimchi consumption is also cited as a reason for the need to manage cabbage supply. Per capita kimchi consumption in South Korea decreased from 39.9 kg in 2017 to 36.5 kg in 2022. Additionally, the tradition of communal kimjang (kimchi-making) is shifting from large family gatherings to smaller family units, altering cabbage consumption patterns.Cabbage farmers in the Haenam and Jindo regions have noted that last year's crop conversion support program contributed to stabilizing cabbage prices, and they believe this year's initiative is necessary given the expected increase in cultivation area.Jeong Won-jin, head of the Food Horticulture Division in Jeonnam Gwangju, stated, "We expect the crop conversion project to help stabilize cabbage supply and support farm management. We will also work to promote the consumption of pickled cabbage and Namdo kimchi to secure stable markets for farmers."* This article has been translated by AI. 2026-08-17 13:04:00
  • Community Event Strengthens Ties Between New Residents and Locals in Hampyeong
    Community Event Strengthens Ties Between New Residents and Locals in Hampyeong Residents and newcomers in Hampyeong County's Sonbul-myeon gathered to strengthen communication and unity. The Hampyeong County government announced on the 17th that it held the '2026 Returning to Farming and Fishing Community Gathering' event on the 14th at Anak Beach in Sonbul-myeon. This event was organized to help newcomers who have recently settled in rural areas connect with existing residents and integrate into the local community. About 40 participants, including residents of Anak Village and newcomers, attended the event. Attendees shared meals at Anak Beach, exchanging stories and experiences about village life. The event focused on informal interactions rather than structured activities, aiming to bridge the gap between newcomers and long-time residents. In rural areas, establishing stable relationships with existing residents is considered crucial for the successful settlement of newcomers. This event aimed to foster understanding and strengthen community ties between new and existing residents. Im Soo-young, head of Sonbul-myeon, stated, “This event provided a meaningful opportunity for newcomers and locals to get closer and understand each other better. We will continue to create various opportunities for residents to interact and communicate, making Sonbul-myeon a warm and vibrant place where everyone wants to live.” Anak Village in Sonbul-myeon has been selected as a target village for the '2026 Returning to Farming and Fishing Community Development Project,' which aims to promote exchanges between newcomers and existing residents and activate the community through various programs.* This article has been translated by AI. 2026-08-17 13:00:00
  • Opposition Criticizes Sudden Dismissal of Trade Chief as Personnel Disaster
    Opposition Criticizes Sudden Dismissal of Trade Chief as Personnel Disaster On August 17, three days after Yeo Han-goo was abruptly dismissed as Chief Trade Negotiator, criticism from the opposition continued, labeling the incident a 'personnel disaster.' Questions have also arisen regarding the lack of explanation for the sudden dismissal of a senior official.Park Seong-hoon, spokesperson for the People Power Party, issued a statement on the 17th, condemning the dismissal as "a reckless and unprecedented personnel disaster that has blown away the nation's trade leadership overnight."He emphasized, "South Korea is not in a position to be complacent. There are numerous trade issues at hand, and the U.S. is pressuring us to fulfill investment commitments while discussing the possibility of tariff increases." He warned that the absence of a clear trade leader could weaken negotiation power with the U.S. and send dangerous signals.Park also criticized the Lee Jae-myung administration for repeatedly engaging in 'opaque personnel decisions' by dismissing high-ranking officials without providing reasons. He stated, "If you go against the president's wishes, you lose your position, but if you align with the administration's preferences, you keep your job. This is a form of political intimidation. Do not hide behind the phrase 'the judgment of the personnel authority.'"Meanwhile, senior party member Ahn Cheol-soo pointed out on his Facebook that an explanation is needed for the dismissal of the Chief Trade Negotiator without a successor. He noted that if the negotiating counterpart from the U.S. suddenly disappears without explanation, it raises doubts about the stability and continuity of our negotiation team.Ahn stated, "The government's opaque response, which fails to provide reasons, a successor, or future plans when suddenly replacing a key trade figure, is problematic. It is essential to appoint a suitable replacement promptly and normalize the negotiation line with the U.S."Lee Dong-hoon, spokesperson for the Reform Party, also commented, stating, "To cut off the trade chief, who was at the forefront of negotiations with the U.S., in the middle of the night without any explanation to the public is unacceptable. While the president has the authority to make personnel decisions, it is the government's responsibility to provide explanations. The government must clearly state the reasons for Yeo's abrupt dismissal."He added, "What is even stranger is the criteria and principles for personnel decisions. Despite numerous issues surrounding Kim Yong-beom, who has been involved in controversies such as the leveraged ETF, he remains in his position. It is only natural for the public to view the dismissal of an unrelated individual without explanation as suspicious."President Lee Jae-myung unilaterally dismissed Yeo as Chief Trade Negotiator at midnight on August 15. This unilateral dismissal of a civil servant is an unusual action in political appointments, yet the specific reasons for the dismissal have not been disclosed.* This article has been translated by AI. 2026-08-17 12:44:00
  • K-Consumer Goods Attract 60,000 Visitors in Qingdao, Accelerating Market Penetration
    K-Consumer Goods Attract 60,000 Visitors in Qingdao, Accelerating Market Penetration More than 60,000 visitors attended a large-scale K-consumer goods promotional event held in Qingdao, China. Korean companies had the opportunity to meet local consumers directly, showcasing their products and gauging the purchasing tendencies and reactions of the Chinese market.The Korea Trade-Investment Promotion Agency (KOTRA) announced that it hosted '2026 K-Lifestyle Week in Qingdao' from August 14 to 16 in Shandong Province.This event was strategically timed to coincide with the Qingdao International Beer Festival, one of the world's top three beer festivals, enhancing its promotional impact. Approximately 60,000 attendees, including local business representatives and consumers, visited the event, demonstrating significant interest in K-consumer goods.A total of 72 Korean consumer goods companies participated in the promotion, presenting over 210 products, including food, cosmetics, household items, fashion, and baby products. Participants not only displayed and sold their products but also conducted tastings and consumer experience programs to observe local purchasing criteria and market responses.Interactive content, such as tastings of rice cooked in Korean electric rice cookers and instant noodles prepared with a Han River noodle cooker, received positive feedback from visitors. Health products, including red ginseng, as well as pet supplies and baby products, attracted the attention of family visitors.The fashion exhibition area, featuring cosmetics, clothing, bags, and accessories, also drew a young consumer demographic. A Korean tourism promotion booth, screenings of Korean animations, and family experience programs were also held, effectively promoting both Korean culture and consumer goods.A representative from a domestic company producing sensitive skin care balms stated, "Chinese consumers are highly concerned about skin health and safety, so we focused our on-site promotions on product ingredients, safety, and ease of use, which garnered significant interest from consumers. We plan to actively utilize the insights gained about local consumers' purchasing criteria and preferences in our future marketing strategies."Now in its third year, this event was jointly organized by KOTRA and Qingdao Lida Group, with participation from the Central Fisheries Cooperative's Qingdao Trade Support Center, the Korea Tourism Organization, and the Daegu Metropolitan City Shanghai Representative Office.Lida Group is a leading local retail company with over 20 offline stores, including 10 comprehensive shopping malls, five large supermarkets, and five small supermarkets in major cities like Qingdao and Yantai. KOTRA's Qingdao office has closely collaborated with Lida Group over the past two years to support 90 domestic companies with over 400 items in promotional activities and local distribution network entry in China.Sun Baohua, Deputy General Manager of Lida Group, remarked at the event, "Korean consumer goods have high quality and design competitiveness, leading to very favorable consumer responses. By continuing to monitor consumer reactions in collaboration with local distribution networks and enhancing tailored promotions and experiential marketing, we can further increase competitiveness in the Chinese market."Shandong Province, with a population of over 100 million, serves as a key consumer market for Korean goods due to its geographical proximity to Korea. KOTRA plans to expand cooperation with local large distribution networks to broaden the foundation for domestic consumer goods companies entering the Chinese market.Jang Sang-hae, head of KOTRA's China Regional Headquarters, stated, "In the first half of this year, exports of the five major K-consumer goods categories (cosmetics, food, fashion apparel, household goods, and pharmaceuticals) to China reached $3.4 billion, an 8.7% increase compared to the same period last year. We will continue to expand collaboration with leading Chinese distribution companies to create opportunities for our companies to meet local buyers and consumers directly, contributing to the expansion of consumer goods exports."* This article has been translated by AI. 2026-08-17 12:40:00
  • Independence Movement Spirit Becomes a Walking Path: Jaseng Hospital Creates First Gwangbok Walking Path in Jeju
    Independence Movement Spirit Becomes a Walking Path: Jaseng Hospital Creates First 'Gwangbok Walking Path' in Jeju 자생한방병원·자생의료재단이 광복 81주년을 맞아 독립운동 역사를 기억하는 공간을 제주도에 마련했다.바생한방병원은 광복절인 지난 15일 제주 서귀포시 성산읍 시흥리 '제주올레 1코스' 시작 구간에서 '광복잇길' 기림비 제막식을 열었다고 17일 밝혔다.'광복잇길'은 독립운동가의 헌신을 기리는 기림비와 태극돌, 토종 무궁화속 식물 '황근'이 심어진 코스를 걸으며 독립운동 역사를 되새기는 길이다. 자생한방병원이 전국 확산을 추진하는 사업의 첫 코스로 현재 생존한 애국지사 3명 중 한 명인 강태선 지사의 고향을 첫 대상지로 선정했다.1924년 제주 시흥리에서 태어난 강 지사는 1942년 일본 오사카 유학 중 독립운동에 뛰어들었다. 일제 징병·징용 거부와 민족의식 고취 운동을 주도하다 1944년 체포돼 치안유지법 위반으로 옥고를 치렀고, 1990년 건국훈장 애족장을 받았다.행사에는 강 지사 가족을 비롯해 김성범 국회의원, 송영훈 제주도의회 의장, 고의숙 제주도교육감 등과 지역 학생·주민 등 100여 명이 참석해 기림비 제막과 황근 기념식수를 진행했다. 제주어보존회 이사장의 헌정시 낭송과 칠예가 전용복씨의 헌정 작품 전달도 이어졌다.자생한방병원은 병원 설립자 신준식 박사의 선친인 독립유공자 고 신광렬 선생의 '긍휼지심' 정신을 바탕으로 독립유공자 예우 사업을 이어오고 있다. 병원은 내년 '독립운동가 QR 스토리 콘텐츠' 구축과 학교 연계 체험학습을, 2028년에는 '광복잇길' 걷기축제와 전국 네트워크 구축을 추진할 계획이다.강태선 지사는 "저와 동지들의 뜻을 기리는 길이 만들어져 매우 뜻깊다"며 "많은 분이 독립운동가들의 희생을 오래도록 기억해주길 바란다"고 말했다. 신민식 자생의료재단 사회공헌위원장은 "제주를 시작으로 전국 곳곳에 광복잇길을 조성해 국민 누구나 독립운동의 의미를 체험할 수 있도록 하겠다"고 말했다.* This article has been translated by AI. 2026-08-17 12:08:00
  • Financial Supervisory Service to Host International Conference on Climate Finance
    Financial Supervisory Service to Host International Conference on Climate Finance The Financial Supervisory Service (FSS) will discuss the role of climate finance in the era of low-carbon transition and how the financial sector can respond to climate risks.On September 2, the FSS will co-host an international conference titled 'Future Climate Finance in the Era of Green Transition' at Ewha Womans University’s ECC Isambong Hall in Seoul.The conference will share examples of transition finance policies from major financial authorities abroad and introduce strategies for managing climate risks, including transition and physical risks, by financial authorities and companies. The FSS will also announce its plans for setting climate scenarios and conducting stress tests.The FSS expects this event to enhance the financial sector's capacity to manage climate risks and contribute to strengthening the domestic economy's resilience against climate crises through low-carbon transition.Following the conference, an AI challenge and a recruitment briefing will be held to support young people's entry into the fields of future finance and green finance.During the AI challenge, participants will present financial service ideas utilizing AI technology, with industry representatives providing feedback on the feasibility of their projects. Outstanding teams will receive scholarships and preferential hiring opportunities.About 15 major financial companies will participate in the recruitment briefing to introduce the qualities they seek in candidates and offer advice to assist with employment.* This article has been translated by AI. 2026-08-17 12:04:10