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149 Hanbok Companies to Gather at DDP for Up to 80% Discounts The largest Hanbok expo in South Korea will take place from August 13 to 16 at the Art Hall of Dongdaemun Design Plaza (DDP), the Ministry of Culture, Sports and Tourism and the Korea Craft and Design Foundation announced on August 11.This year, a total of 149 Hanbok companies will participate, showcasing products from 133 domestic and international Hanbok businesses in the sales area. A variety of Hanbok items, including traditional and everyday wear, fabrics, accessories, bags, and household goods, will be available at discounts of up to 80%.Additionally, a special exhibition titled 'The Market for Making Hanbok' will highlight Gwangjang Market, the country's leading Hanbok fabric market, which has played a central role in Hanbok production and distribution for over 120 years. This exhibition will showcase the entire process of creating a Hanbok, from fabric selection to gold leaf application, embroidery, and sewing. Six fabric and Hanbok companies will also have sales booths at the event.Visitors can participate in experiential events, including the 'Hanbok Store Fashion Festival,' which reinterprets traditional Hanbok with a modern twist, a 'Custom Hanbok Making' experience linked to Gwangjang Market, and a market game competition with the 'Hanbok Pungnyu Group.'For the first time, a business consultation meeting for corporate transactions will be held, inviting domestic and international distributors and professional buyers for one-on-one consultations with participating companies. This initiative aims to facilitate actual distribution and purchasing relationships, supporting the expansion of Hanbok companies' market access.Admission is 5,000 won, but visitors wearing Hanbok or those who register in advance by August 12 can enter for free. More information is available on the Hanbok Store website.Meanwhile, the government is also hosting a 'Visiting Hanbok Store' event alongside the Hanbok Store. Recently held in Busan in conjunction with the World Heritage Committee, this event recorded its highest sales performance to date, indicating its popularity.* This article has been translated by AI. 2026-08-11 09:32:00 -
Prime Minister Han Myung-sook Directs Fire Response at Pyeongtaek Hazardous Materials Facility Prime Minister Han Myung-sook has instructed authorities to mobilize all available firefighting resources and equipment to combat a fire at a hazardous materials storage and processing facility in Cheongbuk-eup, Pyeongtaek.On the morning of August 11, she directed the National Fire Agency to focus all efforts on extinguishing the fire and conducting search and rescue operations. She also urged related agencies, including the Ministry of the Interior and Safety, the National Police Agency, Gyeonggi Province, and Pyeongtaek City, to ensure that residents are not harmed by implementing strict site control, providing guidance to residents, and facilitating evacuations if necessary.Han emphasized the importance of safety management to prevent secondary accidents during the firefighting efforts.According to the National Fire Agency, a national firefighting mobilization order was issued at approximately 3:39 a.m. for the fire at the hazardous materials storage facility in Tojin-ri, Pyeongtaek.It is reported that the facility stores around 191,000 liters of over 100 types of Class 4 hazardous materials.* This article has been translated by AI. 2026-08-11 09:32:00
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Nvidia to Raise $500 Billion Investment Fund with Six Major U.S. Financial Institutions Nvidia has announced plans to establish a $500 billion investment fund in collaboration with major Wall Street financial institutions to support artificial intelligence (AI) infrastructure. This fund aims to provide financing to customers looking to purchase Nvidia products, including graphics processing units (GPUs), although concerns about circular trading have been raised.On August 10, Jensen Huang, CEO of Nvidia, stated in a release that the company will create a large pool of funds with six financial institutions: Goldman Sachs, BlackRock, Blackstone, Apollo Global Management, Brookfield Asset Management, and KKR. He emphasized that this financial platform will enable customers to secure the necessary computing resources on a large scale and build AI factories that will drive industries and nations in the AI era.During an appearance on CNBC with representatives from the six financial institutions, Huang revealed that partnerships have been established with each of them. He noted, "We are in a unique time where the computer industry is experiencing a fundamental platform change for the first time in 60 years. Computers have become part of the infrastructure, just like electricity and the internet. Therefore, we must consider computers as part of the infrastructure and build accordingly."Huang agreed with the host's comment about the significant costs associated with building data centers, stating, "It costs about $50 to $60 billion per gigawatt." He added that the partnerships formed will support the overall ecosystem development.This initiative comes amid a global AI boom, with companies planning to invest in AI infrastructure such as data centers, suggesting that this fund will be beneficial for those enterprises.However, Bloomberg pointed out that despite the staggering figure of $500 billion, there was little detail regarding the timing, structure of the financial support, or how it differs from similar agreements Nvidia has previously made. Nvidia has already entered into similar contracts worth hundreds of billions with other companies across the AI ecosystem, raising concerns about circular trading, where companies purchasing GPUs from Nvidia receive investments and funding from the company, potentially resulting in no real profit.In fact, the news of Nvidia's $500 billion investment with the six financial institutions was first reported by the Financial Times. Following the announcement, Nvidia's stock closed down 2.86% on the New York Stock Exchange on August 10. 2026-08-11 09:24:10
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Naver D2SF Makes Third Follow-Up Investment in Endlight Naver's startup investment organization, Naver D2SF, has made its third follow-up investment in Endlight, which possesses technology for generating 3D data necessary for physical artificial intelligence (AI) training. As the physical AI market expands, securing data for robots to learn in real environments has become a key challenge, prompting Naver to strengthen its collaboration with related data infrastructure companies.Naver D2SF announced on August 11 that it has completed its third follow-up investment in Endlight, following its pre-Series A and Series A rounds. The latest investment round was led by the Industrial Bank of Korea, with a total investment amounting to 15 billion won.Endlight has developed a 3D data generation solution called 'Trinix,' which can be directly utilized for physical AI training simulations based on its proprietary engine.Physical AI requires vast amounts of training data for robots to operate and work in the real world. While methods such as teleoperation are used to collect actual data, they are limited by time and cost. Additionally, to use the collected data in simulations, physical characteristics must be further incorporated.Endlight has established a pipeline that automatically generates 3D data reflecting not only physical properties like mass and friction but also joint structures and collision range information. This enables faster data acquisition for physical AI training and supports its application in simulations.Currently, Endlight provides AI training data to companies such as Holiday Robotics, Aerobot, Robros, and RealWorld, which focus on humanoid robots and robot foundation models.Naver D2SF continues to invest in Endlight, recognizing the potential of its technology to become a core infrastructure in the era of physical AI. Following its initial investment in 2021 and a subsequent investment in 2022, this marks the third investment.Notably, this investment goes beyond mere financial support; it seeks to explore collaboration possibilities between Naver and Endlight in the field of physical AI. Naver D2SF has previously worked with Endlight to establish a 3D content production environment and plans to expand their collaboration into the physical AI data sector with this additional investment.Yang Sang-hwan, head of Naver D2SF, stated, “Endlight is a team that has built trust through close interaction, not just through investment, as they are also based at Naver 1784. They have proactively captured key opportunities in a rapidly changing market and executed quickly. I expect them to leap forward as a leading company in physical AI data and grow even larger in the future.”* This article has been translated by AI. 2026-08-11 09:24:00
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Child Passenger Refuses to Sit, Cancels Canadian Flight A flight was canceled in Canada after a child passenger refused to sit in their seat and wear a seatbelt. On August 6, Porter Airlines flight PD444 was departing from Victoria International Airport in British Columbia when crew members discovered a child standing on their seat instead of sitting down. Attempts by one of the child's parents and the crew to persuade the child to sit and fasten their seatbelt were unsuccessful. Determining that the flight could not take off, the crew returned to the terminal to disembark the passengers. Due to the approaching runway closure, the flight was ultimately canceled. No information has been released regarding the age or gender of the child passenger or the number of affected passengers. The aircraft had a seating capacity of 132. The airline expressed regret for the impact on other passengers, stating that they were able to rebook on another flight the following day, August 7. The aircraft eventually departed from Victoria International Airport at 10:49 PM on August 7 and arrived in Toronto at 6:16 AM on August 8.* This article has been translated by AI. 2026-08-11 09:24:00
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Hanwha Solutions Commercializes Eco-Friendly Power Cable Material Hanwha Solutions' Wire and Cable (W&C) division is accelerating the commercialization of eco-friendly power cable materials made from recycled materials.On August 11, Hanwha Solutions announced that it has completed customer verification for its high-density polyethylene (HDPE) power cable jacket material, 'CHBA-8241RC,' which incorporates 50% recycled plastic (PCR), and is now moving forward with full-scale commercialization.CHBA-8241RC is an eco-friendly composite material developed in-house by Hanwha Solutions, which reduces carbon emissions by approximately 34% per kilogram compared to existing products. Additionally, it maintains electrical properties equivalent to traditional products, allowing for the production of eco-friendly power cables without compromising performance.After developing and pilot-producing CHBA-8241RC in 2025, Hanwha Solutions completed production testing and quality verification with cable manufacturers in the first half of this year. This positions the company to contribute to the establishment of low-carbon power networks with a comprehensive portfolio that includes ultra-high voltage insulation materials and eco-friendly cable sheathing.Carlo Scarlata, head of Hanwha Solutions' W&C division, stated, "CHBA-8241RC is a product that has proven its quality and marketability through rigorous customer verification. We aim to actively support our customers' sustainable power cable production with recycled material-based eco-friendly cable solutions and establish ourselves as a trusted material partner in the global power infrastructure market."Meanwhile, Hanwha Solutions' Wire and Cable division is expanding its influence on the global stage, participating in the world's largest wire and cable exhibition, 'WIRE 2026,' held in Düsseldorf, Germany, in April.* This article has been translated by AI. 2026-08-11 09:20:20
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KOSPI and KOSDAQ Decline in Early Trading The KOSPI and KOSDAQ both fell in early trading. Following a nearly 7% surge in the KOSDAQ and a positive close for the KOSPI the previous day, profit-taking activities have led to a downturn in both indices.According to the Korea Exchange, as of 9:10 a.m., the KOSPI was trading at 6,234.86, down 64.80 points (1.03%) from the previous trading day. The index opened at 6,240.06, down 59.60 points (0.95%).Foreign investors were net buyers, purchasing 91.9 billion won, while individual and institutional investors sold a net 8.5 billion won and 83.3 billion won, respectively.Most of the top market capitalization stocks were in the red. Samsung Electronics fell 0.43%, SK Hynix dropped 1.90%, Samsung Electronics preferred shares decreased by 0.93%, SK Square fell 3.16%, Samsung Electro-Mechanics dropped 4.47%, Hyundai Motor declined 1.23%, KB Financial fell 1.22%, and Hanwha Aerospace decreased by 3.56%. In contrast, LG Energy Solution rose 0.27%, Samsung Biologics increased by 0.25%, and HD Hyundai Heavy Industries gained 0.56%.At the same time, the KOSDAQ was trading at 846.24, down 8.23 points (0.96%) from the previous trading day. The index opened at 848.59, down 5.88 points (0.69%).On the KOSDAQ, individual investors were net buyers, purchasing 93.5 billion won, while foreign and institutional investors sold a net 60.9 billion won and 32.7 billion won, respectively.Most of the top KOSDAQ stocks also showed weakness. Alteogen fell 3.88%, EcoPro dropped 1.71%, EcoPro BM decreased by 2.53%, Rainbow Robotics fell 1.02%, Juseong Engineering dropped 1.31%, HLB declined 1.47%, Rino Technology fell 1.70%, ABL Bio decreased by 2.46%, and Wonik IPS dropped 2.34%. However, IOTech increased by 0.84%.* This article has been translated by AI. 2026-08-11 09:20:10
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Alibaba Develops Method to Build AI Data Centers in Just 100 Days Alibaba, a major Chinese tech company, has developed a method to complete AI data centers in just 100 days.Alibaba's subsidiary, Alibaba Cloud, successfully reduced the construction time for large-scale AI data centers (AIDC) to 100 days using fully modular design technology, according to a report by China’s Science and Technology Innovation Board on August 11. This is a significant reduction compared to the typical 6 to 12 months required for data center construction in China and 12 to 18 months in the United States.To shorten the construction period, Alibaba developed an architecture called 'CUBE 5.0.' Unlike traditional data centers, which sequentially install power supply and cooling systems on-site, CUBE 5.0 modularizes five key systems—power, cooling, security, intelligence, and fire safety—producing them simultaneously in a factory before transporting them for assembly on-site.The modularization rate of the entire system has increased from 30% to 90%. This approach allows for concurrent factory production and site preparation, with completed modules transported in container form and assembled like 'LEGO blocks' on-site.During the 100-day construction period, 30 days are allocated for factory production and site preparation, 50 days for on-site installation, and 20 days for commissioning and testing. Once all systems are built and verified, servers and network equipment can be immediately brought in.Through modular construction, the construction cost per unit power capacity has decreased by more than 10% compared to previous generations, while computing density per unit area has increased by 5 to 10 times. The number of transformers has been nearly halved. Cooling methods can also be selected based on the data center's conditions, including air-cooled and liquid-cooled options. CUBE 5.0 has been piloted at data centers in Ulaanqab and Zhongwei, China.Alibaba Cloud has also secured CE certification for Europe and product certification for entry into the Southeast Asian market. The company plans to more than double its global production capacity for modular data centers this year.Wu Yongming, CEO of Alibaba, stated during a performance announcement in May, "AI is driving the advancement of all Alibaba Cloud businesses," adding that the growth momentum is shifting from traditional computing and storage to models, computing power, and AI agent services.* This article has been translated by AI. 2026-08-11 09:20:00
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Gus Poyet Emerges as Leading Candidate for South Korea's Soccer Head Coach The Korea Football Association has completed the application process for the interim head coach of the South Korean national soccer team, with Japanese media reporting that Gus Poyet, the former head coach of Jeonbuk Hyundai, is a strong candidate.On August 10, the Japanese outlet Sports Nippon Annex cited multiple sources, stating, "Gus Poyet, a Uruguayan who led Jeonbuk Hyundai in the K League 1 until last season, has been confirmed as the leading candidate for the new head coach of the South Korean national team."The report added, "The Korea Football Association plans to finalize the selection of the interim coach in August," noting that Poyet, who took over Jeonbuk in 2025 and led the team to a K League 1 championship after four years, is a likely choice. According to sources, his appointment is almost certain.Furthermore, it was projected that Poyet would serve as the interim coach for six A matches scheduled from September to November.The speculation about Poyet emerged immediately after the Korea Football Association closed the application process. According to the association, the application period for the interim head coach ended at 5 p.m. on August 9.On August 10, the association stated, "The application process for the interim head coach of the men's national soccer team closed yesterday (August 9) at 5 p.m. This week, we plan to appoint some members of the Strengthening Committee and external members to form an evaluation committee," adding, "Based on the submitted applications, we will review the candidates' qualifications next week and conduct online interviews. After determining the priority negotiation order based on the evaluation committee's results, we will begin negotiations."Many domestic and international coaches reportedly applied for the interim head coach position. However, the association emphasized fairness and confidentiality in the selection process, considering the recent atmosphere within and outside the soccer community.Poyet is a familiar figure to South Korean soccer fans. He took the helm of Jeonbuk in the 2025 season, leading the team to victories in both the K League 1 and the Korea Cup, achieving a double. However, he parted ways with Jeonbuk amid controversy after assistant coach Mauricio Tarico faced disciplinary action for racist remarks directed at referees.Afterward, Poyet signed a short-term contract with Al Khaleej in the Saudi Arabian first division in April, but he struggled with a record of two wins and five losses in seven matches, failing to secure an extension.The newly appointed interim head coach will oversee a total of six A matches scheduled for September and October (four matches) and November (two matches). The national team decided to select an interim head coach through public recruitment after former coach Hong Myung-bo resigned due to the team's failure to advance past the group stage of the 2026 FIFA World Cup in North and Central America.The selection criteria are stringent. According to the Korea Sports Council's regulations for national team selection and operation, applicants must form a coaching staff of at least five and a maximum of seven members, centered around the head coach. Foreign applicants must possess the highest coaching qualifications issued by the continental federation under FIFA. Additionally, foreign coaches are required to have relevant qualifications and at least five years of coaching experience in their respective fields.* This article has been translated by AI. 2026-08-11 09:20:00
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Big Bang Releases New Single After Four Years, Unveils Visual Photo Big Bang has announced the release of a new single after four years and revealed a group visual photo.On August 11, YG Entertainment posted the 'BiiiG Visual Photo - iii Version' on its official social media. This follows the earlier release of a title poster that showcased the members' distinctive aura and bold typography, giving a glimpse into the visual concept of the new song.The photo features Big Bang in a space illuminated by intense red light. Their striking styling, including accessorized jackets, studded belts, and python-patterned tops, captures the viewer's attention.Big Bang will release their new digital single 'BiiiG' on August 19 at 6 p.m., coinciding with their 20th anniversary. YG has stated that this song represents the current state of Big Bang most vividly, heightening fans' anticipation.Following the release of 'BiiiG,' Big Bang will embark on their 20th anniversary world tour, 'BIGBANG WORLD TOUR XX: COSMOS.' The tour will kick off in Goyang on August 21, 22, and 23, covering a total of 33 performances across 19 cities worldwide, including North America, Europe, Oceania, and Asia. Additionally, they plan to host various projects, including fan events and media exhibitions around the Han River and Jamsil area, to celebrate their 20th anniversary in style.* This article has been translated by AI. 2026-08-11 09:20:00