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Delicious Shares Drop 17% on First Day of KOSDAQ Listing Delicious, the operator of the B2B fashion platform 'Shinsang Market,' is experiencing a decline on its first day of trading on the KOSDAQ. According to the Korea Exchange, as of 10:38 a.m. on August 12, Delicious shares are trading at 5,800 won, down 1,200 won (17.14%) from the offering price of 7,000 won. The stock opened at 6,000 won, which is 14.29% lower than the offering price, and has since widened its losses. Previously, Delicious recorded a competition ratio of 184.06 to 1 during the demand forecasting for institutional investors held from July 23 to 29, which led to the final offering price being set at 7,000 won. The subscription ratio for general investors from August 3 to 4 was reported at 10.29 to 1. In the previous year, Delicious reported sales of 30.667 billion won and an operating profit of 1.613 billion won. The company currently operates platform-based revenue models, including Shinsang Ad, Shinsang Membership, and Plus Membership. The company plans to use the funds raised from this offering to enhance its platform, develop new services, expand marketing for global market penetration, and invest in fashion-related software as a service (SaaS) businesses. Founded in 2011, Delicious is a B2B fashion platform company that launched 'Shinsang Market' in 2013, connecting offline fashion wholesalers in Dongdaemun with online transactions.* This article has been translated by AI. 2026-08-12 10:44:00 -
Majesty Golf Announces Participant Recruitment for 55th Anniversary Event Majesty Golf is recruiting participants for its first premium brand event, the 'Majesty Invitational 2026,' in celebration of its 55th anniversary.The event will take place on October 6 at Ujeong Hills Country Club and will be open to 120 customers selected through a pre-registration process. Majesty Golf aims to showcase its craftsmanship and premium lifestyle under the theme, 'An Invitational that Proves the Value of 55 Years,' allowing participants to experience the brand firsthand. This event is designed to strengthen its position as a premium golf brand by establishing a signature event that fosters customer engagement.Participants will engage in various programs, including one-on-one lessons with 'Team Majesty.' Following the rounds, there will be a dinner for networking among participants, along with prize giveaways and an awards ceremony.A representative from Majesty Golf stated, 'The MAJESTY INVITATIONAL 2026 is a special occasion for customers to experience the values and philosophy that Majesty has upheld for 55 years. We hope it will be a unique day where participants can enjoy a premium golf lifestyle, from rounds on the best courses to programs with TEAM MAJESTY and a dinner.'Applications for the event can be submitted until September 10 through the official Majesty Golf website after registering as a member. Selected participants will be notified individually after the application period ends. The participation fee includes green fees, cart fees, caddy fees, breakfast, and dinner. All participants will receive a special welcome gift, and those who complete their applications will be awarded 100,000 points redeemable at the Majesty official store.Additionally, Majesty Golf will hold a pop-up promotion at the Lotte Department Store main branch until the end of this month. This event aims to create a unique space where customers can experience the value and essence of the products and brand, thereby expanding connections with both existing and new customers visiting the department store.* This article has been translated by AI. 2026-08-12 10:40:00
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Labor Minister Kim Young-hoon Announces Enhanced Oversight for Repeat Offenders in Workplace Accidents Kim Young-hoon, the Minister of Employment and Labor, announced plans for intensified oversight of companies that have repeatedly experienced the same type of serious workplace accidents over the past decade. Starting in October, the legal penalties for employers who fail to pay wages will be increased to a maximum of five years, and a wage segregation payment system will be introduced in the construction and shipbuilding industries.During a report to the National Assembly's Climate Energy Environment Labor Committee on August 12, Minister Kim stated, "There should be no recurrence of the same type of serious accidents at a single workplace," and emphasized the need for close management of companies with a history of repeated accidents.He further noted, "From October, we will raise the legal penalties for wage arrears to a maximum of five years and implement a wage segregation payment system in the construction and shipbuilding sectors to prevent exploitation through subcontracting."The Ministry of Labor will activate a special task force to prevent heat-related and suffocation accidents during the summer. Proactive measures, such as work stoppages based on heat levels, will be strengthened, ensuring that workers' rights to avoid danger and participate in safety and health prevention activities are effectively protected on-site.In the first half of this year, the number of workplace fatalities due to industrial accidents decreased by 11.8% compared to the same period last year, marking the lowest level since statistics began being recorded. The Ministry plans to focus its supervisory efforts on preventing repeated accidents to maintain this downward trend.Collaboration with local governments for labor inspections will also be expanded. Starting with Gyeonggi Province, the Ministry will work with 16 local governments to reduce blind spots in labor inspections and plans to establish a labor inspection training center to enhance the investigative capabilities of labor inspectors.Support for vulnerable employment groups will be strengthened. The government will expand private employment and entrepreneurship opportunities in new industries for young people, and enhance employment and retention incentives for workers in local small and medium-sized enterprises.The 'K-New Deal Academy,' led by large corporations, and public-private work experience programs will also be expanded. A new initiative, tentatively named 'Playground,' will provide continuous support for job seekers from training to employment.For middle-aged workers, the obligation to provide re-employment support services will be gradually extended to workplaces with 300 or more employees, and the number of career development centers for middle-aged individuals will be increased to 12. Discussions will be held to promote a generational coexistence model for extending retirement age, considering both youth and middle-aged employment.All 102 employment centers nationwide will be revamped into 'My AI Employment Centers.' A 'Lifetime AI Job Total Care' system will be established to support individuals throughout their life cycle, from first employment for youth to career transitions and re-employment for middle-aged workers.Improvements to systems aimed at reducing blind spots in the labor market will also be pursued. A new 'K-Labor Welfare Chamber' will be established to provide necessary support for special employment and platform workers in one location, and social insurance will be transitioned to an income-based model. The 'Basic Labor Rights Act' and 'Worker Presumption System' are targeted for legislative discussion in the National Assembly by the end of the year.The application of labor standards to businesses with fewer than five employees will be gradually expanded through social dialogue. Practices of repeatedly offering short-term contracts of less than one year or providing different treatment for the same work will be improved, and a roadmap to realize the principle of equal pay for equal work will be developed by the end of the year.The Ministry will implement agreements aimed at reducing actual working hours and complete improvements to the retirement pension system by the end of the year.Employment policies responding to industrial transitions, including AI, will also be pursued. The basic plan for employment stability during industrial transitions will be implemented, and basic vocational training will be expanded to ensure everyone can acquire AI skills. Guidelines for AI ethics in the labor sector will be established to ensure that AI does not exclude people from the workplace.Minister Kim stated, "We will turn the crisis of the AI transition into an opportunity for great leap forward, ensuring that no one is left behind in the process."* This article has been translated by AI. 2026-08-12 10:32:00
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More nighttime ferry rides available on Han River this weekend SEOUL, August 12 (AJP) - Seoul's water ferry service along the Han River will expand its nighttime operations starting this weekend, the Seoul Metropolitan Government said Wednesday. Two additional departures from Jamsil in southern Seoul to the financial district of Yeouido in western Seoul will be available at 6:50 p.m. and 7:20 p.m., while routes connecting Yeouido and Magok, a newly developed neighborhood in far western Seoul, will also have departures at 8:25 p.m. and 8:55 p.m. The city said increasing departures during evening hours is part of its efforts to boost nighttime tourism and leisure activities for not only tourists but also Seoul residents after work. It added that riders can enjoy Seoul's skyline and the shimmering scenery of the Han River as fading daylight gives way to a sea of city lights. More departures are also planned on some routes during daytime hours, with the city government expecting the additional services to boost spending and consumption in nearby neighborhoods. "Nighttime services will allow riders to enjoy a different side of Seoul," said Park Jin-young, a city official, adding that the city will continue to improve the service so residents can use it "more conveniently and pleasantly with safety as the top priority." AJP Takeaways: - Seoul's Han River water ferry service will expand nighttime operations starting Aug. 15, 2026, with additional evening departures on routes connecting Jamsil, Yeouido and Magok. - Two additional departures from Jamsil to Yeouido will be available at 6:50 p.m. and 7:20 p.m., while services between Yeouido and Magok will have departures at 8:25 p.m. and 8:55 p.m. - The Seoul Metropolitan Government is expanding evening ferry services to promote nighttime tourism and leisure activities, targeting both tourists and Seoul residents after work. - Additional daytime departures will also be introduced on some Han River ferry routes, with the city government expecting the expanded service to boost spending and consumption in nearby neighborhoods. - The expanded nighttime ferry service will offer passengers views of Seoul's skyline and the Han River as daylight fades, while the Seoul Metropolitan Government said it will continue improving the service with convenience and safety as priorities. 2026-08-12 10:30:18 -
LG Elec rolls out FDA-cleared diagnostic monitor SEOUL, August 12 (AJP) - LG Electronics has launched a new diagnostic monitor cleared by the U.S. Food and Drug Administration, expanding its medical display lineup as the South Korean electronics maker targets the business-to-business healthcare market. The 40-inch monitor, model 40HT513D, features a 21:9 curved IPS Black display with a resolution of 5,120 by 2,160 pixels and 11-megapixel support. Its three-way picture-by-picture function allows medical professionals to view three separate sources on a single screen, including current and previous X-ray, CT or MRI images alongside electronic medical records. LG said the setup is designed to replace workflows that previously required multiple monitors. The device also includes a built-in KVM switch that allows users to control two computers with a single keyboard and mouse, as well as calibration tools and viewing modes designed for diagnostic and pathology images. Hospitals can remotely monitor and manage installed displays through LG Calibration Studio Medical software, including running quality-control tests and receiving alerts when issues are detected. "We will continue to strengthen our lineup of FDA-cleared diagnostic monitors and provide differentiated customer experiences in the B2B medical monitor market based on our display technology," said Lee Chung-hwan, head of LG Electronics' Display Business Division. 2026-08-12 10:27:11 -
Hyundai Department Store Donates 200 Million Won to Support Descendants of Independence Activists Hyundai Department Store has donated 200 million won to improve the living conditions of descendants of independence activists, in collaboration with its customers.On August 12, Hyundai Department Store announced that it has provided the donation to Korea Habitat, an international nonprofit organization, to support housing for the descendants of independence activists. The funds will be used for the construction of new homes.Customers of Hyundai Department Store also participated in this initiative. Since June, the store has been running a campaign through its integrated membership app, H-Point, allowing customers to donate their points to support housing for the descendants of independence activists.Each H-Point is valued at 1 won. As of August 10, over 7,000 customers had participated in the campaign, and with the addition of Hyundai Department Store's own contributions, a total of 200 million won was raised.Korea Habitat has been building and repairing homes for vulnerable populations since 1994. Since 2017, it has also been working on improving housing conditions for the descendants of independence activists.Through fundraising events like the '3.1 Run' and '815 Run,' the organization has provided a total of 23 new homes to families of independence activists to date.According to Korea Habitat, nearly 19,450 people participated in the 815 Run held last year to commemorate the 80th anniversary of liberation, raising approximately 2.348 billion won through entry fees and corporate sponsorships.Yang Myung-sung, Executive Director of Sales Strategy at Hyundai Department Store, stated, “We plan to continue various social contribution activities to remember and express gratitude for the sacrifices of those who dedicated themselves to the nation.”* This article has been translated by AI. 2026-08-12 10:24:00
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Hana Financial Launches 'Happiness Dream Bus' to Serve Seniors in Incheon Hana Financial Group is introducing a mobile financial service to enhance access for seniors in Incheon.On August 12, Hana Financial announced the launch of the Happiness Dream Bus, which will provide financial counseling and education to senior customers and vulnerable elderly populations in the Incheon area.The Happiness Dream Bus features financial experts traveling in a dedicated minibus to visit senior towns, community centers, welfare facilities, and nursing homes. This service allows seniors to receive essential financial information, such as retirement asset management and fraud prevention, without needing to visit a bank branch.As Hana Financial prepares to relocate its headquarters to Cheongna International City in Incheon next month, it is expanding related services in the region.Recently, retired financial professionals, including former branch managers, conducted financial education sessions for about 50 seniors at two community centers in Seo-gu and Bupyeong-gu. The curriculum covered topics such as retirement asset management, inheritance and gifting, fraud prevention including voice phishing, and financial management strategies for dementia.This month, the program will expand to include visits to areas such as Gyeyang-gu and Yeonsu-gu. Plans are also in place to provide financial counseling and education in the island regions of Ongjin-gun, where access to financial and welfare services is relatively limited.A Hana Financial representative stated, "We will support senior customers in Incheon to conveniently access professional financial counseling and tailored services, and we will continue to expand inclusive finance in collaboration with the local community."* This article has been translated by AI. 2026-08-12 10:24:00
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Kyobo Life Partners with Toss to Expand Digital Asset Financial Services Kyobo Life is teaming up with Toss to explore financial services utilizing digital assets.On August 12, Kyobo Life announced that it has signed a memorandum of understanding with Toss to collaborate on building a digital asset ecosystem and services.Under this agreement, the two companies will jointly seek financial services that can leverage digital assets, conduct proof of concept (PoC) testing, and establish a standard model. They will also work on creating a system for information exchange and joint responses to changes in the digital asset market and regulations.Both companies expect this collaboration to serve as a leading example of innovation in the digital asset space. Notably, Kyobo Life has been conducting ongoing technology validations to integrate digital assets into actual financial services, and they believe that combining this with Toss's competitive digital platform will yield significant synergies.Park Jin-ho, Vice President of Kyobo Life, stated, "What customers need is innovative and reliable finance. By collaborating, Kyobo Life, with its stability, and Toss, with its convenience, will provide differentiated financial services to our customers."* This article has been translated by AI. 2026-08-12 10:24:00
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Han Byeong-do: Opposition Party Hinders Housing Stability, Must Support Housing Legislation Han Byeong-do, the acting leader of the Democratic Party, criticized the People Power Party for obstructing housing stability in response to the government's real estate supply measures. He urged the party to cooperate in convening a National Assembly session on August 13 to address pending housing supply legislation.During a strategy meeting at the National Assembly on August 12, Han stated, "The party obstructing the public's housing stability is the People Power Party, to which Seoul Mayor Oh Se-hoon belongs. The follow-up bills to last year's 9·7 measures are being held back by the People Power Party's obstinacy. If they have any conscience, they should hold the National Assembly session on the 13th and pass the relevant bills."Han also labeled Mayor Oh's real estate supply measures as 'immature promises' and called for responsible solutions. He expressed skepticism about Oh's commitment to building 310,000 homes by 2031, given the average duration of urban redevelopment projects exceeds ten years. He urged Oh to present alternatives to address issues such as demolitions, the relocation of current residents, and conflicts among stakeholders.Additionally, Han announced that the Democratic Party plans to launch a task force to stabilize the housing market, stating, "The government and the ruling party will listen to the voices of the public, local governments, and the industry." He emphasized the need to rationalize outdated regulations and improve business conditions to ensure the smooth implementation of the government's supply measures.Furthermore, Han pointed out that the special committee for a national investigation into the Election Commission failed to agree on the schedule for a recount at the Olympic Park ballot counting center due to opposition from the People Power Party. He remarked, "The hidden agenda to politicize the baseless election fraud conspiracy theories is evident."Han questioned, "How long will they cling to unfounded election fraud theories that even their own party's chairperson does not agree with? We must resolve these suspicions through thorough investigations and recounts. The Democratic Party will ensure that every precious vote from the public is protected."* This article has been translated by AI. 2026-08-12 10:20:00
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Google's Gemini Surpasses 1 Billion Users Amid AI Competition Google's AI service, the Gemini app, has surpassed 1 billion monthly active users (MAU), marking a significant milestone in the competitive generative AI market, following ChatGPT's similar achievement.According to Google, as of August 11, the Gemini app has become the fastest-growing service in the company's history. Sundar Pichai, Google's CEO, noted that Gemini is the 14th Google service to reach 1 billion users.The growth of Gemini's user base has been rapid. Last May, the MAU was at 400 million, which increased to over 900 million by May of this year, and reached 950 million last month. In just one month, the user count surged by more than 50 million, crossing the 1 billion mark.Usage patterns are shifting from text-based interactions to voice and video. Approximately 63% of Gemini users are utilizing voice features. In the real-time voice conversation service, Gemini Live, one in five interactions also incorporates camera video or screen sharing.Students frequently attach documents or images when using Gemini, with 38% of school-related conversations including attachments. Small businesses primarily leverage the content creation features for images and videos.There has also been a notable increase in iPhone and Mac users. The number of active Gemini users on iPhones has surpassed 100 million, while MacOS users reportedly use Gemini nearly twice as often as users on other platforms.OpenAI recently announced that ChatGPT has also surpassed 1 billion users. However, Google's figure represents monthly active users (MAU), while OpenAI's count is based on weekly active users (WAU), making direct comparisons challenging.Google stated, "Our goal is to make Gemini the most personalized, proactive, and powerful assistant available."* This article has been translated by AI. 2026-08-12 10:20:00