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KOSDAQ Surges Over 6%, Reclaims 850 Points Amid Strong Buying The KOSDAQ index surged over 6%, attempting to stabilize above the 850-point mark. With both foreign and institutional investors engaging in net buying, major stocks in the biomedical and semiconductor sectors, including Alteogen, showed significant gains, contributing to the upward momentum. The strong early gains prompted the activation of a buying sidecar in the KOSDAQ market.As of 10:47 a.m. on August 10, the KOSDAQ was trading at 847.99, up 49.18 points (6.16%) from the previous trading day. The index opened at 807.66, up 8.85 points (1.11%), and later peaked at 852.98, surpassing the 850-point threshold.In terms of investor activity, individuals sold a net 421.4 billion won, while foreign and institutional investors bought a net 168.9 billion won and 258.9 billion won, respectively. The influx of buying from foreign and institutional investors has led to a broad increase in large-cap stocks on the KOSDAQ.The buying sidecar was activated at 9:50 a.m., marking the 18th instance this year. The KOSDAQ 150 futures rose over 6% compared to the previous day's closing price, and the KOSDAQ 150 index increased by more than 3% for a sustained minute, leading to a five-minute suspension of buy orders in program trading. This year, a total of 31 sidecars have been activated in the KOSDAQ market, including 13 sell sidecars.Most of the top market capitalization stocks experienced sharp increases. Alteogen led the gains with a rise of 16.23%, while EcoPro (6.05%), EcoPro BM (5.70%), Rainbow Robotics (3.76%), JUSUNG Engineering (10.88%), HLB (7.51%), ABL Bio (9.01%), Rino Industry (4.87%), Wonik IPS (9.85%), and LigaChem Bio (7.33%) also saw significant increases.Notably, Alteogen's stock price reached 354,500 won, reflecting an increase of over 16%. The surge followed the announcement that BlackRock, the world's largest asset management firm, holds a 5% stake in the company for investment purposes. HLB, LigaChem Bio, D&D Pharmatech, and ABL Bio also showed strong performance due to individual positive news.Semiconductor equipment stocks, including JUSUNG Engineering and Wonik IPS, also exhibited nearly double-digit increases, supporting the overall index rise.Meanwhile, the KOSPI index was trading at 6,304.20, up 45.43 points (0.73%) from the previous trading day. The KOSPI opened at 6,306.33, up 47.56 points (0.76%), and reached a high of 6,394.06 during the session before giving back some gains.Individuals were net buyers of 169.1 billion won, while foreign and institutional investors sold a net 501.2 billion won and 307.8 billion won, respectively.Stocks such as Samsung Electronics (0.43%), SK Hynix (1.41%), Hyundai Motor (1.90%), and Hanwha Aerospace (5.29%) saw gains, while KB Financial (-3.87%) and Samsung Electro-Mechanics (-0.39%) faced declines.* This article has been translated by AI. 2026-08-10 11:04:10
LS Electric Partners with GS Construction on AI Data Center DC Power Distribution LS Electric announced that it signed a memorandum of understanding (MOU) with GS Construction on August 10 at the LS Yongsan Tower to jointly respond to changes in the AI data center (AIDC) business environment.The signing ceremony was attended by key executives, including LS Electric Chairman Koo Ja-kyun, GS Construction CEO Heo Yoon-hong, and LS Electric CEO Chae Dae-seok.The executives discussed the global outlook for the AI data center market and focused on technology collaboration and joint responses centered on direct current (DC) power distribution, which has emerged as a key trend in power infrastructure for the AI era.Through this agreement, the two companies will collaborate on the development of next-generation DC power distribution technology to improve power efficiency, a major concern for high-power, high-density AI data centers, and will establish regular technology exchange meetings.Additionally, they plan to maximize business synergy by reliably supplying essential power equipment, such as switchgear, gas-insulated switchgear (GIS), and ultra-high voltage transformers, for GS Construction's AI data center projects.AI data centers, which are equipped with high-performance graphics processing units (GPUs), are increasingly adopting DC power distribution to significantly reduce power conversion losses compared to traditional alternating current (AC) methods.LS Electric possesses world-class capabilities in the DC power distribution sector. The company has commercialized key components of the DC ecosystem, including semiconductor transformers (SST), semiconductor circuit breakers (SSCB), and energy storage systems (ESS), and has established and operates the world's first 100% DC factory in Cheonan, solidifying its technological leadership.LS Electric has accumulated business know-how and established proven reliability by supplying power infrastructure solutions for large data center projects of major U.S. tech companies.With the combination of LS Electric's next-generation DC power distribution technology and GS Construction's data center construction capabilities, the partnership is expected to secure a strong market presence in the rapidly growing AI data center infrastructure market.An LS Electric official stated, "The paradigm of AI data centers is rapidly shifting towards DC power distribution to minimize power loss. We will significantly strengthen our collaboration with GS Construction based on our top-tier power solutions and next-generation distribution technologies, such as SST and SSCB, to lead the global power infrastructure market." 2026-08-10 11:04:00
South Korea's Agriculture Ministry Improves Seven Agricultural Practices The South Korean government has made visible progress in improving unreasonable practices in agriculture and rural areas, addressing seven key issues. The Ministry of Agriculture, Food and Rural Affairs announced on August 10 that it has been actively working to identify and rectify these practices since launching a 'Normalization Task Force' in April, which selected 39 normalization tasks in the agricultural and rural sectors. By last month, the ministry reported tangible results in seven of these tasks, focusing on correcting unreasonable practices and improving the administrative system from the perspective of policy users.To prevent circumvention of laws and regulations, the government has reformed systems to address illegal land use issues related to 'gugo' (artificial waterways for drainage). In June, it established unified maintenance standards and conducted extensive joint safety inspections, uncovering 3,477 illegal cases and initiating restoration measures.The government has also laid the groundwork for the stable import of grains produced overseas. In July, it enacted regulations to prevent overseas companies from improperly applying for local production grains.Additionally, the government has revised outdated laws and systems. Previously, only market and county heads could apply for the foreign seasonal worker program; now, city district mayors can also apply, alleviating labor shortages in agricultural areas within metropolitan cities.The process for designating 'Korean Food Masters' has been streamlined, reducing the time required from over seven months to about two months.Unreasonable practices that did not meet public expectations have also been corrected. The analysis of livestock manure liquid fertilizer prescriptions, which had been delayed during the farming season, has been expanded to include private entities, and soil testing standards have been simplified. Furthermore, the welfare rice supply system has been restructured to allow the provision of both white rice and eco-friendly certified rice to senior centers and free meal services.Measures have been implemented to eliminate the practice of inflating prices for agricultural machinery to exploit government policy funds. Legal grounds have been established to restrict violators from selling subsidized agricultural machinery for two years. The ministry plans to specify standards and detailed procedures through regulatory amendments by early next year.Park Soon-yeon, head of the Planning and Coordination Office at the Ministry of Agriculture, Food and Rural Affairs, stated, "The national normalization project aims to correct unreasonable practices and gaps in the system to create changes that citizens can genuinely feel. We will thoroughly monitor the implementation of agricultural and rural normalization tasks to ensure they yield practical results swiftly, while also striving to identify additional normalization tasks."* This article has been translated by AI. 2026-08-10 11:04:00
Ministry of Agriculture Launches National Online Voting for Rural Space Planning Contest with 12 Million Won in Prizes A short-form contest aimed at generating ideas to combat rural overdevelopment is being conducted through national online voting. The Ministry of Agriculture, Food and Rural Affairs announced on the 10th that it has finalized 15 entries for the Rural Space Planning Short-Form Contest, which it co-hosted with the Korean Society of Rural Planning and the Korea Rural Community Corporation. The public voting will take place until the 21st. This contest was organized to widely promote the purpose of the rural space planning system and to reinterpret the future of rural areas from the perspective of the public. Since its launch in May, the contest has attracted numerous participants, including students and the general public. After a preliminary review by experts, 15 entries were selected for the finals based on their relevance to the theme, creativity, and overall quality. Anyone can participate in the voting. Voters can visit the public participation platform, SOTONG24, and view the 15 finalist entries before selecting their top three favorites. The Ministry plans to award mobile gift certificates to 50 randomly selected participants from those who vote. The final winners will be announced next month, based on a combination of expert evaluations and public voting scores. The total prize pool for the contest is 12 million won, with awards including: a grand prize (1 entry) of 3 million won and a Minister of Agriculture, Food and Rural Affairs award; two excellence awards (2 entries) of 2 million won each and a Korea Rural Community Corporation award; three merit awards (3 entries) of 1 million won each; and four encouragement awards (4 entries) of 500,000 won each. Winning entries will be promoted through official YouTube and social media channels. Jeon Han-young, Director of the Rural Policy Bureau at the Ministry of Agriculture, Food and Rural Affairs, stated, "Through this contest, we have vividly confirmed the future of rural space planning envisioned by the public. I encourage everyone to participate in the online voting, as each vote is a valuable support for positive changes in our rural areas."* This article has been translated by AI. 2026-08-10 11:04:00
Coway Offers Up to 50% Off Rental Fees for Summer Appliances Coway announced a special promotion on August 10, targeting key summer products such as wall-mounted air conditioners and food waste disposers.The promotion will run until August 26. New customers renting wall-mounted air conditioners and the Zero food waste disposer will receive discounts of up to 50% on rental fees for each product. Additionally, the home urinary incontinence treatment device, Terasol U, will also be available at a 50% discount on rental fees for up to 12 months.Customers renting the new wall-mounted air conditioner will benefit from a 50% discount on rental fees for up to 18 months. The unit features automatic adjustment of airflow in four directions and includes modes for power cooling, dehumidifying, fan, and sleep. It also has an automatic drying function to eliminate internal moisture after cooling and a clean washing feature to remove dust and foreign substances from the heat exchanger.The Zero food waste disposer, available in 2L and 3L models, offers a 50% discount on rental fees for up to four months for new rentals. It is equipped with a high-output heating system at 150°C and a proprietary four-blade technology for rapid drying and grinding of food waste. The product also includes a large-capacity activated carbon filter, UV-C sterilization, safe storage features, and high-temperature washing capabilities. During the rental period, customers will receive one free replacement of the drying container.The Terasol U home urinary incontinence treatment device will also be available at a 50% discount on rental fees for up to 12 months. Approved by the Ministry of Food and Drug Safety, this medical device uses repetitive low-frequency stimulation to induce contraction and relaxation of pelvic floor muscles, potentially alleviating incontinence symptoms. It comes with a stylish charging and storage stand that allows for simultaneous charging and storage after use.* This article has been translated by AI. 2026-08-10 11:00:00
2026 Hwacheon Tomato Festival Attracts 58,000 Visitors, Showcases Local Synergy The 2026 Hwacheon Tomato Festival, extended from three to ten days, concluded on August 9, attracting over 58,000 visitors. While this figure is about half of last year's reported 120,000, the Hwacheon County implemented a new counting method this year that excludes duplicates and inflated numbers.On the afternoon of August 10, at around 5:30 p.m., demolition work was underway at Sain Sports Park and the surrounding area in Hwacheon County. The Sain Stream, which had been filled with laughter and excitement from tourists for ten days, was now silent except for the sound of water. Large shade canopies flapped in the wind, and the artificial waterfall and fountain had stopped. The advertising balloons that floated above the festival site were also being taken down.At the tomato sales area, only empty boxes and a banner for 'tomato delivery registration' remained. Water was being drained from the pools, and trucks were busy transporting event equipment. Workers were also bustling around the command center and main stage, moving tables, chairs, and tents.The 'Find the Golden Ring' event area was also being dismantled. After 6 p.m., as the sun dipped below the western mountains, clouds tinged with red spread over the festival site, marking the gradual disappearance of the traces of the vibrant festival.According to Hwacheon County, the festival, held from July 31 to August 9, drew approximately 58,000 visitors. Last year, the festival, which took place from August 1 to 3, reported about 120,000 attendees, including around 1,800 foreign tourists.Although this year's festival duration was more than three times longer, the reported visitor count was 6,200 fewer than last year. However, the county noted that the two figures cannot be directly compared due to the new counting method introduced this year, which aims to provide a more accurate estimate by excluding duplicates and inflated numbers.As a result, it is difficult to definitively conclude that the difference between last year's 120,000 and this year's 58,000 reflects a decline in visitors. However, the county should disclose the criteria for the new counting method, including the locations and time frames used, to ensure the objectivity of the figures and the comparability of year-to-year data.This year's festival was the first major event since the launch of the 9th elected administration in Hwacheon County. The festival, which began in 2003, was extended from three days to ten and relocated from the Sa-chang-ri Cultural Village to the more spacious Sain Sports Park.The benefits of the venue relocation were evident. The expanded event space and parking areas significantly reduced the severe parking issues and pedestrian inconveniences experienced in previous years. The valley-style water play area and large shade structures at Sain Stream attracted family visitors seeking relief from the summer heat.Yoon Chang-seop, who visited the festival with his family from Dongducheon, said, “It was nice to enjoy the festival leisurely without the crowd. I liked the comfortable atmosphere that was not frustrating even in the heat.”Family-oriented programs, including 'Find the Golden Ring,' sheep ranch experiences, woodworking, and safety training, were also offered. The military equipment exhibition featured hands-on experiences such as wearing combat uniforms, shooting, and mine detection.Weekday attendance was also confirmed. On August 5, approximately 2,800 visitors attended the festival on a weekday. This suggests the festival has the potential to evolve from a weekend-centric event to a summer vacation destination.Local volunteer organizations also contributed to the festival's operations. Residents began cleaning the event area and surrounding areas early in the morning before tourists arrived. A member of the Sa-in-myeon Saemaul Association stated, “Unlike in the past, local volunteer groups actively participated in cleaning and organizing the festival site from early morning. Everyone worked hard for the sake of regional synergy through the festival.”The approach to connecting the festival with the local economy has also changed. For the first time this year, a participation fee of 3,000 won was charged for 'Find the Golden Ring,' with an equivalent amount provided in Hwacheon Love gift certificates. This strategy aimed to reduce the burden on tourists while encouraging spending at local restaurants and shops in Sa-chang-ri.Tables at the festival site were numbered to facilitate delivery orders from Sa-chang-ri restaurants. The number of agricultural and specialty products sold, including Hwacheon tomatoes, corn, rice, and processed foods, increased to over 30 items. The county reported that there were no complaints regarding overpricing during the festival.In the food sector, both successes and limitations were noted. Tomato ice cream, sorbet, and drinks were introduced, and 'Cheon-in's Table' featured tomato pasta. However, there were criticisms that there were not enough signature tomato dishes available for meals or snacks throughout the festival. There is a need for specialized food development that incorporates local agricultural products and tomatoes, with participation from residents and food artisans.Content for weekdays should also be enhanced to match the extended schedule. As interest was concentrated on the golden ring event and weekend performances, programs are needed to keep tourists engaged during weekdays and off-peak hours.The economic impact of the festival cannot be judged solely by visitor numbers. Analyzing the usage and sales of Hwacheon Love gift certificates, agricultural product sales, revenue from the Sa-chang-ri commercial area, and accommodation usage and duration will provide a clearer picture of how the ten-day festival contributed to local income. Hwacheon County plans to analyze this year's festival results and improve food offerings, entertainment, and attractions for next year.Hwacheon County Mayor Kim Se-hoon expressed gratitude to all who visited the Hwacheon Tomato Festival over the ten days, stating, “On behalf of the residents of Hwacheon County, I would like to thank everyone who came to the festival. I promise that next year will bring an even more exciting, delicious, and refreshing festival.”This year's festival emphasized accurate counting and local gift certificates, along with community participation, over sheer visitor numbers. The remaining challenge is to objectively demonstrate how the 58,000 visitors translated into income for farmers and merchants, as well as how it affected tourist accommodations and repeat visits.* This article has been translated by AI. 2026-08-10 11:00:00
Trump Shifts Focus to Economic Pressure Amid Stalled Iran War Resolution President Donald Trump is shifting his focus back to economic pressure as he struggles to find a clear solution to end the war with Iran. After his plans to conclude the conflict through the reopening of the Strait of Hormuz were thwarted by Iran's hardline demands, he is now prioritizing sanctions and maritime blockades to tighten Iran's financial resources.Economic Pressure Instead of Airstrikes... Trump Says, 'Iran Has No Money'On August 9, Axios reported that President Trump stated regarding the Iran issue, "We are low keying it" and added, "We are only negotiating with them in a limited way." He noted, "Iran is suffering from massive inflation and is in a dire financial situation," asserting that "the U.S. maritime blockade is worsening Iran's economic troubles."In this interview, he did not mention the possibility of new military strikes. Axios interpreted that President Trump is prepared to intensify economic pressure rather than conduct additional airstrikes, although the U.S. is still keeping the option of further military action open.Seeking an End to the War Without a Nuclear Deal... Strait of Hormuz Negotiations StalledTrump's renewed emphasis on economic pressure comes as a breakthrough to end the war seems elusive. The U.S. has prioritized preventing Iran from developing nuclear weapons, but as the conflict drags on, it has recently focused on reopening the Strait of Hormuz.According to the Wall Street Journal, Trump recently mentioned to his aides that if the Strait of Hormuz is fully reopened, he would consider ending the war even without a nuclear agreement. This indicates a willingness to exit the prolonged conflict without waiting for a final resolution on nuclear issues.However, negotiations regarding the Strait of Hormuz, which appeared close to resolution, have become complicated again. Iran has stated that negotiations to establish new shipping routes between Oman and the Strait are in the final stages, but it maintains that agreeing on new routes is separate from fully reopening the Strait.Iran is demanding that the U.S. end the war, lift the maritime blockade, withdraw U.S. troops from the region, lift sanctions against Iran, return frozen assets, and provide compensation for war damages as conditions for complete reopening. These are conditions that would be difficult for President Trump to accept.The Wall Street Journal noted, "Iran's hardline demands have further narrowed the options for President Trump to exit the war." Gregory Brew, an Iran expert at Eurasia Group, analyzed that Iran is taking a hardline stance in negotiations, believing that Trump wants to exit the war and reopen the Strait.Challenges of Renewed Strikes Amid Weapon and Oil Price ConcernsHowever, launching large-scale airstrikes again is not an easy option. Concerns are growing over the depletion of U.S. precision strike weapons and missile defense systems due to prolonged military operations against Iran. If attacks escalate, tensions surrounding the Strait of Hormuz could rise again, potentially driving up international oil prices.In the Axios interview, Trump emphasized that oil prices have fallen slightly above $75 per barrel, stating, "American consumers are feeling less burdened by the war." However, as negotiations for reopening the Strait have become uncertain again, international oil prices have rebounded, with Brent crude exceeding $84 per barrel in Asian markets on August 10.With the midterm elections approaching in November, worsening public opinion is also a concern. A recent Reuters-Ipsos poll found that only 35% supported the war with Iran. In surveys asking which party would better handle issues of war, foreign conflicts, and terrorism, the Republican Party's previous advantage has virtually disappeared.Shifting Focus to 'Tightening the Purse Strings'... Renewed Emphasis on Economic PressureFaced with limited military and diplomatic options, the Trump administration is ultimately reinforcing its strategy of economic pressure through sanctions and maritime blockades. While no specific new sanctions have been announced, the strategy aims to complicate Iran's oil exports and foreign currency acquisition to extract concessions in negotiations.The Trump administration has already expanded sanctions targeting Iran's oil trade, financial and shipping networks, and arms procurement through its "maximum pressure" policy. Axios reported that within the U.S. government, there is a belief that even if sanctions and blockades take time to show effects, they could significantly impact Iran's economy in the long run.Trump's repeated emphasis on Iran's inflation and financial difficulties suggests a belief that continued economic pressure will eventually lead Iran to make concessions. He likened the current situation to a "chess game," stating, "In the end, it will be resolved well."* This article has been translated by AI. 2026-08-10 10:56:10
North Korean Hacking Group Kimsuky Expands AI Capabilities for Cyber Attacks North Korea's hacking group Kimsuky is expanding its use of generative artificial intelligence (AI) from simple phishing material creation to the analysis of stolen information and automation of attacks. Evidence has emerged that they have established a local large language model (LLM) environment that does not rely on external services.On August 10, cybersecurity firm Genians released an analysis of Kimsuky's latest attack activities, revealing the use of local LLM execution and management tools such as Ollama, GPT4All, and Msty. Traces of AI agent development frameworks and voice recognition tools have also been detected, including a search-augmented generation (RAG) environment.Records indicate the use of Cursor, an AI-based code editor, suggesting that it may have been employed to edit documents for attacks and review AI-generated outputs.Previously, Kimsuky's use of AI was primarily limited to preparing attacks, such as creating fake images, audio, or phishing messages. However, this time, they have independently built a local LLM and RAG environment, indicating a shift towards automating the analysis of stolen documents and extracting necessary information for repetitive attack tasks.Unlike past tactics where Kimsuky focused on impersonating experts or officials to deliver malicious documents and links, the newly detected local LLM and RAG environment appears aimed at automating information analysis and attack preparation, thereby increasing the speed and scale of their operations.The bait used in these attacks has also become more sophisticated. Previously, they often recycled stolen legitimate documents, but recent findings confirm the use of investment reports and financial materials likely generated by AI for spear phishing.These documents are crafted to resemble natural language and actual work materials, lowering user suspicion and leading them to execute attached malicious files, thereby stealing account or personal information.The cryptocurrency sector has emerged as a primary target. Analysts believe attackers are attempting to access personal financial and online activity information, including cryptocurrency wallet details and Gmail accounts.Moon Jong-hyun, head of the Genians Security Center, stated, “State-backed hacking groups are enhancing their attack capabilities by integrating AI into their operational frameworks, including the establishment of local LLM and AI development environments. It is crucial to have an endpoint detection and response (EDR) based threat hunting system that focuses on execution actions rather than document content.”Meanwhile, Genians Security Center is sharing these analysis results with domestic and international partner organizations, including the Korea Internet & Security Agency (KISA) threat intelligence network.* This article has been translated by AI. 2026-08-10 10:56:10
Daewoo Engineering Partners with ARUP to Enhance Structural Safety for Mokdong 8 Complex Daewoo Engineering will collaborate with global engineering firm ARUP to secure the Mokdong 8 Complex redevelopment project.On August 10, Daewoo Engineering announced its strategic partnership with ARUP, a leading structural design and engineering company, to enhance the structural safety and design competitiveness of the Mokdong 8 Complex redevelopment.Headquartered in London, ARUP operates in over 100 countries worldwide and has been responsible for the structural design and engineering of major high-rise and mixed-use development projects, including Malaysia's 'Merdeka 118', China's 'Shanghai Tower', and Singapore's 'Marina Bay Sands'.ARUP possesses advanced engineering technologies necessary for high-rise building design, including structural system optimization, wind load analysis, and performance-based seismic design.In line with the planned 180-meter tall Mokdong 8 Complex, Daewoo Engineering will review optimized structural systems and propose measures to ensure structural safety against external factors such as earthquakes and strong winds. This approach aims to create a skyline that enhances the complex's significance while providing a safe living environment for residents.As the competition for the Mokdong new town redevelopment intensifies, construction companies are emphasizing not only their brand but also structural safety, design integrity, and global collaboration capabilities in their technical competition.A representative from Daewoo Engineering stated, “By collaborating with ARUP, which has world-class high-rise structural technology, we will enhance our technical competitiveness to create a future-oriented residential complex that represents Mokdong, going beyond simple redevelopment.”He added, “We will propose a differentiated landmark complex that prioritizes safety while harmonizing with the urban landscape.”* This article has been translated by AI. 2026-08-10 10:56:00
Camera Captures Moments Before Bomb in 'Chaebol X Detective 2' 'Chaebol X Detective 2' showcases Ryu Abel's unique charm.SBS's new Friday-Saturday drama 'Chaebol X Detective 2' (written by Kim Bada, directed by Kim Jae-hong) follows the story of Jin Isu (played by Ahn Bo-hyun) and new team leader Joo Hye-ra (played by Jung Eun-chae) as they conduct joint investigations, often turning the tide with their wealth when investigations stall. Ryu Abel plays Kang Jae-eun, a director of a filming team closely covering the crime scenes.Kang Jae-eun is characterized by her relentless journalistic instinct, determined not to miss crucial moments even in dangerous situations. At a scene involving a homemade bomb, she remained on site, insisting, "Do you want to go home when there’s such a shot to capture?" This moment highlights the veteran PD's commitment to her work.Ryu Abel adeptly portrays Kang Jae-eun's bold drive and playful demeanor, seamlessly switching between the two. Even when her footage leads to Jin Isu's ire, she responds with a lighthearted attitude and persistently seeks permission to continue filming, showcasing her resilience and approachable nature.As she unravels the clues to the case, she provides information about the person who commissioned the filming, creating connections in the investigation. When the full story of the incident is revealed, she leads her team professionally, enriching the narrative.'Chaebol X Detective 2' airs every Friday and Saturday at 9:50 PM.* This article has been translated by AI. 2026-08-10 10:56:00