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  • Bloomberg: President Lee Jae-myung Faces Backlash Over Stock Market Volatility
    Bloomberg: President Lee Jae-myung Faces Backlash Over Stock Market Volatility Bloomberg reported that President Lee Jae-myung's stock market stimulus policies are facing backlash due to extreme volatility in the South Korean stock market.Despite actively encouraging stock investment, President Lee's push for high-risk financial products to attract domestic capital has drawn criticism as stock prices plummeted, leading to increased losses for individual investors.On August 2, Bloomberg published an article titled 'Stock-Loving South Korean President Faces Criticism Amid Market Turmoil.'Last week, the KOSPI index fell nearly 40% from its peak a month ago. Following the government's announcement to restrict individual investors' leverage ETF investments, the index rebounded approximately 18% in a single day, marking its largest daily gain ever.Overall, the KOSPI is still up more than 50% this year, driven by increased demand for memory semiconductors due to the expansion of artificial intelligence (AI) investments, significantly boosting the stock prices of Samsung Electronics and SK Hynix. Together, these companies account for more than half of the KOSPI's total market capitalization.However, the fluctuations in stock prices have also widened significantly. This year, there have been 32 days when the KOSPI rose or fell by more than 5%, accounting for about a quarter of all trading days. Bloomberg described this year as the most volatile since the KOSPI began trading in the 1980s.Bloomberg identified single-stock leverage ETFs that double the price movements of Samsung Electronics and SK Hynix as a key factor in the increased volatility.These products are designed to yield approximately 2% returns when the stock price of Samsung or SK Hynix rises by 1%. Conversely, if the stock price falls by 1%, the losses also increase by about 2%.While such products are typically traded by professional investors in other countries, individual investors have purchased the majority in South Korea. At one point, stocks of Samsung Electronics and SK Hynix, along with their corresponding leverage ETFs, accounted for over 70% of daily trading volume in the domestic market.The government's push for these products aimed to prevent domestic capital from flowing into U.S. stocks. Officials believed that increased foreign stock investment could lead to capital outflows and negatively impact the value of the Korean won.In January, Kim Yong-beom, head of the Presidential Office's Policy Office, met with representatives from major securities firms to discuss ways to stimulate domestic stock investment. Following this, financial authorities expedited the approval process, and leverage ETFs related to Samsung Electronics and SK Hynix were launched at the end of May.However, as the market plummeted, criticism arose that the government rushed the introduction of high-risk products without sufficient consultation or protective measures for individual investors.Lawmakers from both parties have scrutinized the approval process for leverage ETFs and the government's response in the National Assembly. There are also concerns that the government has set stock price increases as a policy goal, with the National Pension Service increasing its domestic stock investments.Bloomberg noted that President Lee promised a 'KOSPI 5000 era' during the 2025 presidential campaign and has repeatedly encouraged citizens to invest in stocks instead of real estate since taking office.After the KOSPI surpassed the 5000 mark in January, expectations for government support of the stock market grew.In response to the sharp decline in stock prices, the government initiated emergency measures. The chair of the Financial Services Commission and the head of the Financial Supervisory Service canceled their scheduled vacations, and Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol convened an emergency meeting with the Bank of Korea governor and officials from the Presidential Office.The government subsequently announced measures to stabilize the market, including restrictions on individual investors' leverage ETF investments.The Presidential Office explained that the introduction of leverage ETFs was aimed at expanding investment options for investors and allowing access to products previously only available overseas. It also stated, 'Given the increased market volatility, we will prepare additional measures for market stability and investor protection.'Bloomberg concluded that while the KOSPI has rebounded, the political burden may now intensify. If the stock market decline leads to reduced consumer spending, it could pose challenges for President Lee's key policies, including tax revenue expansion, welfare spending, and the development of the semiconductor industry.* This article has been translated by AI. 2026-08-03 14:28:10
  • LX International Doubles Q2 Operating Profit Amid Resource Price Surge
    LX International Doubles Q2 Operating Profit Amid Resource Price Surge LX International has more than doubled its operating profit for the second quarter, driven by rising resource prices and a recovery in logistics rates. Improved profitability in its nickel and palm businesses, along with growth in trading and logistics, supported the company's performance.On August 3, LX International announced that it recorded consolidated revenue of 4.77 trillion won and an operating profit of 117.8 billion won for the second quarter.Compared to the same period last year, revenue increased by 24.7%, while operating profit rose by 114.2%. The increases amounted to 946.1 billion won in revenue and 62.8 billion won in operating profit.The company's nickel mine in Indonesia benefited from higher nickel sales prices and increased production. The palm business also saw expanded profits due to rising palm oil prices.Key trading items, including IT components and petrochemical products, experienced improved profitability due to market recovery and increased sales volumes. In the logistics sector, cargo volume increased, and shipping rates rose.The Shanghai Container Freight Index (SCFI) rose by 39.1% compared to the same period last year. LX International noted that the increase in shipping rates contributed to the improved performance of its logistics sector.The operating profit margin for the second quarter was approximately 2.5%, up about 1.0 percentage point from 1.4% in the same period last year.LX International is pursuing additional acquisitions of promising mineral assets, such as nickel and bauxite, to reduce performance volatility due to changes in resource prices. The company plans to diversify its business and regions to secure new revenue sources.An LX International official stated, "The significant increase in performance was driven by the rise in global resource prices and improved profitability in the trading sector. We will focus on diversifying our business portfolio and regions to achieve tangible results."* This article has been translated by AI. 2026-08-03 14:28:00
  • Heat Wave Boosts Shares of Winix and Paseco
    Heat Wave Boosts Shares of Winix and Paseco As a nationwide heat wave and tropical nights persist, shares of air conditioning-related companies Winix and Paseco are experiencing significant gains.According to the Korea Exchange, as of 2:20 PM, Winix's stock price rose by 875 won (18.13%) to 5,700 won. Paseco's shares increased by 860 won (13.01%) to 7,470 won.Winix initially surged to the daily price limit of 6,270 won before retracting some gains, yet it still maintains a double-digit increase.The rise in stock prices is attributed to expectations of increased sales for air conditioning and dehumidifying appliances amid record heat and high humidity across the country. Winix holds a significant market share in air purifiers and dehumidifiers, highlighting its potential benefits during the summer peak season.Paseco is also seeing buying interest due to anticipated sales growth for seasonal products like window air conditioners and dehumidifiers. The demand for cooling appliances is expected to improve performance during the summer peak season.Additionally, news of Typhoon Dolphin approaching has heightened interest in related stocks. According to the Korea Meteorological Administration, there is a possibility that the heat will intensify or be accompanied by heavy rainfall, depending on the typhoon's path.Market analysts expect that if the extreme heat and high humidity continue, the demand for cooling and dehumidifying appliances will increase.* This article has been translated by AI. 2026-08-03 14:28:00
  • Vietnams Kim Sang-sik Aims for Victory Against Indonesia After Singapore Draw
    Vietnam's Kim Sang-sik Aims for Victory Against Indonesia After Singapore Draw Kim Sang-sik, head coach of the Vietnam national football team, is under intense scrutiny from local media as he prepares for a crucial match against Indonesia in the group stage of the 2026 ASEAN Football Championship on August 3. Following a disappointing draw against Singapore on July 31, questions have arisen regarding his substitution decisions and tactical choices.According to reports from Vietnam's Thanh Nien newspaper, Indonesian sports outlet Sport Detik highlighted Kim's demeanor and game management after the draw with Singapore. The outlet noted, "Kim appeared completely flustered as Vietnamese players missed several scoring opportunities, and his subsequent substitution decisions were questionable."Central to the controversy was Kim's decision to substitute the attacking players during the first half against Singapore. Sport Detik pointed out that while the Vietnamese forwards struggled to finish, Kim's choices were "difficult to understand," particularly the substitution of striker Dinh Bac, who had scored a hat trick in the previous match against Timor-Leste, for naturalized forward Nguyen Thai Lok in the 41st minute.While Indonesian media had previously portrayed Kim in a favorable light, the atmosphere shifted after the Singapore match. With the Vietnam-Indonesia clash set for 8:30 PM local time (10:30 PM KST) on August 3, Kim's bench management has become a focal point of interest."We Must Win" - Kim Sang-sik's DeterminationAmidst the scrutiny, Kim emphasized the importance of the upcoming match against Indonesia. In a pre-match press conference, he stated, "Tomorrow's game is crucial for determining our advancement to the semifinals. It will be a very challenging away match, but we must secure three points." He added, "We have sufficient motivation to win."Addressing the issues revealed in the Singapore match, Kim acknowledged the team's lack of decisiveness. He remarked, "We created many good opportunities but failed to capitalize on them. We have prepared well for the next match and will respond with our performance on the field." He also noted that this would be the first time the team plays at the current venue, saying, "We have never played here before, and the weather is quite nice."Kim also expressed caution regarding Indonesia's strength. He stated, "I analyzed Indonesia's last two matches. They have a strong squad, and particularly player number 19, Tom Hay, has been performing very well and is difficult to stop." However, he emphasized confidence in his defense, stating, "We have not conceded a goal since the tournament began, and we are confident in that aspect."Kim acknowledged that Indonesia has improved compared to previous matches. He mentioned watching a friendly match between Indonesia and Mozambique, saying, "I felt that Indonesia has changed a lot. They played strongly, know how to play football, and understand what they need to do." He added, "However, the more important thing is to focus on ourselves."When asked about tactical formations, Kim was cautious in his response. A reporter questioned whether deploying aggressive players like Quang Hai and Hoang Duc together could be risky. Kim smiled and avoided a direct answer, saying, "We are not overly concerned about that. We have Patrick, who can handle it." He also noted, "Indonesia is a strong opponent, so we may need to prepare alternative options."Fan reactions have leaned more towards concern than optimism. Online commenters noted that whether Kim is truly panicking will be revealed in the match, while others pointed out that Indonesia presents a different challenge than Singapore, emphasizing the importance of creating scoring opportunities.Some fans have tempered their expectations, with one stating, "Just earning one point in Indonesia would be sufficient, as they are considered a stronger team than Singapore. The Vietnam team needs a humble approach rather than grand statements." Another commenter warned, "In football, there are wins, losses, and draws. If the coach and players lose their composure and lack strategy, they could lose again."Meanwhile, Vietnam faces a critical juncture following the draw with Singapore, needing to shift momentum as they prepare for the important away match against Indonesia. Despite local media criticism and fan concerns, Kim has set a goal of securing three points, and the outcome of the match on August 3 will be pivotal for Vietnam's semifinal aspirations.* This article has been translated by AI. 2026-08-03 14:24:00
  • Concerns Rise Over Water Quality and Order After Bungalow Demolition in Samil Valley
    Concerns Rise Over Water Quality and Order After Bungalow Demolition in Samil Valley Samil Valley in Hwacheon County is gradually returning to its natural state following the demolition of illegal bungalows, which has cleared the view. However, the management system protecting the valley remains inadequate. With an influx of summer visitors, there are urgent calls for both voluntary compliance from users and administrative follow-up measures to safeguard the pristine environment and local water sources.On the morning of August 2, Samil Valley was visited. The water was clear, and the gravel bottom was visible. The area where the bungalows once stood was organized and more open. However, the atmosphere felt disordered despite the apparent tidiness.Surrounding the valley, picnic mats and shade tents were densely set up. Some visitors were preparing to cook near the water's edge, and leftover food and trash were left behind. Although informational signs were posted, there was no visible management or enforcement personnel.The number of visitors continues to rise, filling the valley with families and groups. The road leading from Hwakhwa Tunnel to Samil Valley is a single lane in each direction, but long lines of parked cars on both sides have made it difficult for vehicles to pass. Residents expressed concern that emergency vehicles could face delays in case of an emergency.Instances of basic usage rules being ignored were also observed. Camp stoves were seen being used in areas designated as cooking prohibited, and some visitors ventured deep into the valley for water activities. Despite signs instructing visitors to take their trash with them, many left their waste behind.Residents pointed out that the demolition of the bungalows has led to a management gap. Previously, staff were present to oversee the area, but now the lack of a consistent management system has resulted in recurring issues with litter and disorder among users.One local resident stated, "While the demolition of the bungalows is a positive development, we are now in a situation where residents have to clean up the trash left by visitors. As the number of users increases, management must also be strengthened."The primary concern among residents is water quality. Samil Valley serves as a water source for the local community. If food waste, sewage, and various types of trash enter the water, the impact will directly affect the residents, disrupting their daily lives.There are also reports of crop damage, with claims that some outsiders have been illegally harvesting crops such as peppers and perilla leaves. When confronted, some apologize, saying they were unaware, while others respond with raised voices in protest, according to residents.A representative from Hwacheon County acknowledged the residents' discomfort and the issues on-site, stating, "We are fully aware of the inconveniences faced by residents and will promptly deploy management personnel in accordance with the revised system and enhance our management measures."* This article has been translated by AI. 2026-08-03 14:24:00
  • Lee maps Koreas AI supply chain from Silicon Valley to Latin America
    Lee maps Korea's AI supply chain from Silicon Valley to Latin America SEOUL, August 03 (AJP) - President Lee Jae Myung returned to Seoul on Monday from an 11-day trip that broadened South Korea's AI supply chain map to Latin America, securing commitments on rare earths, copper, lithium and crude oil needed to underpin the country's ambition of becoming an artificial intelligence powerhouse. The tour effectively connected both ends of the AI ecosystem. In San Francisco, Lee sought partnerships with Nvidia, Broadcom, OpenAI and Anthropic to strengthen Korea's position in AI chips, models and data centers. In Brazil, Chile and Argentina, he pursued the minerals and energy needed to keep those AI factories running, linking Silicon Valley's computing power with Latin America's resource wealth. Each stop targeted a strategic bottleneck. In Chile, the world's largest copper producer and holder of the biggest known lithium reserves, Lee signed a critical minerals partnership and agreed with President Jose Antonio Kast to revive the Korea-Chile Free Trade Commission, dormant since 2015. "I am confident that we can create remarkable synergy through cooperation in various areas, including not only the distribution and utilization of critical minerals but also advanced manufacturing and the defense industry, if our two countries join forces," Lee said in Santiago, citing the joint venture between Korea's LS and state miner Codelco. Copper has become indispensable for AI infrastructure, wiring power grids, transmission networks and hyperscale data centers, while lithium remains central to batteries for electric vehicles, energy storage systems and electronics. The International Energy Agency projects global copper supply will fall roughly one-quarter short of demand by 2035 because of declining ore grades and lengthy mine development, while lithium is also faces tightening supplies as refining remains heavily concentrated in China. Brazil addressed another vulnerability. Lee and President Luiz Inacio Lula da Silva adopted a joint statement on critical minerals, including rare earths, of which Brazil possesses an estimated 21 million tons—the world's second-largest reserves. Rare earth elements are essential for permanent magnets used in electric vehicles, industrial robots, wind turbines and advanced defense systems. Their strategic value has risen sharply since China, which dominates about 60 percent of global mining and 90 percent of refining, tightened export controls last year. Argentina completed the resource map. Holding the world's fourth-largest lithium reserves and vast shale oil resources, the country signed a lithium memorandum covering exploration, extraction and processing while opening a new supply route for crude oil. South Korea imported a trial cargo of about 880,000 barrels of Argentine crude this year and plans to begin regular purchases from 2026 as it seeks to reduce dependence on Middle Eastern supplies. "This lays the practical groundwork to broaden our crude import lines, concentrated in the Middle East, toward South America," National Security Adviser Wi Sung-lac said in Buenos Aires. The resource diplomacy built directly on the first leg of Lee's trip in San Francisco, where he unveiled the San Francisco AI Declaration, describing South Korea as an "irreplaceable core nation in the global AI supply chain." Korean companies and their U.S. partners also announced semiconductor cooperation plans that the presidential office valued at about $950 billion. The four-stop tour reflected Seoul's evolving AI strategy: securing not only chips and software partnerships but also the minerals, electricity and energy supplies required to sustain AI infrastructure over the long term. The agreements reached in Latin America, however, remain largely memorandums of understanding and letters of intent. Their ultimate value will depend on whether they translate into long-term mineral offtake agreements, stable crude imports and commercial investment that strengthens South Korea's place in the global AI supply chain. 2026-08-03 14:23:51
  • Groundbreaking for National AI Computing Center in Haenam to Build AI Infrastructure Hub in Asia
    Groundbreaking for National AI Computing Center in Haenam to Build AI Infrastructure Hub in Asia The government has officially begun construction of the National Artificial Intelligence (AI) Computing Center, which will serve as a key hub for the 'AI Highway.' The initiative aims to enhance the domestic AI ecosystem by securing advanced graphics processing units (GPUs) and fostering the development of domestic AI semiconductors, positioning Haenam as an AI infrastructure hub in Asia.The Ministry of Science and ICT announced on August 3 that the groundbreaking ceremony for the National AI Computing Center took place at the Solarido Data Center Park in Haenam, Jeollanam-do.The National AI Computing Center will be a core infrastructure of the 'AI Highway,' aimed at securing the latest AI computing resources to create an environment for AI research, development, and services, while also promoting the activation of domestic AI semiconductors to support the growth of the domestic AI ecosystem.The Samsung SDS consortium submitted a sole bid for the Haenam Solarido site. Following evaluations of technology, policy, and financial assessments, as well as approval from the National Growth Fund, the Samsung SDS consortium, which includes Naver Cloud, Samsung C&T, Kakao, Samsung Electronics, Clutch, KT, the Jeollanam-do and Gwangju Metropolitan City, and the Southwest Coast Enterprise City Development, was ultimately selected.Additionally, a joint public-private investment was established in June 2026, forming the Korea AI Computing Center Corporation (referred to as Coark) with contributions from the Ministry of Science and ICT, the Financial Services Commission's National Growth Fund, and the Samsung SDS consortium. This initiative aims to consolidate private capital and expertise based on public investment. Coark will be responsible for the construction and operation of the National AI Computing Center.The groundbreaking ceremony was attended by Deputy Prime Minister and Minister of Science and ICT Lee Kyung-sik, Democratic Party lawmaker Park Ji-won, Democratic Party lawmaker Han Jun-ho, Gwangju Metropolitan City Mayor Min Hyung-bae, Coark CEO Ahn Jung-tae, Samsung SDS CEO Lee Joon-hee, and Naver Cloud CEO Kim Yoo-won, among others from the government, National Assembly, local governments, the private consortium, and financial institutions.The ceremony included an opening declaration, a project progress report, welcoming remarks from key guests, a vision announcement, a promotional video screening, and a commemorative ceremony for the groundbreaking.Coark plans to actively pursue the construction of the National AI Computing Center. To secure the necessary power and water for the center's operation, they have completed an electricity usage application with Korea Electric Power Corporation and are preparing infrastructure, including water supply pipeline construction. They also plan to carry out building construction and facility work for high-performance AI server operations, aiming to complete the National AI Computing Center by 2028.Notably, before the center's completion in 2027, some AI computing resources planned for the National AI Computing Center will be provided early from Samsung SDS's data center. This proactive approach aims to address the urgent demand for AI computing infrastructure from academia, industry, and research.Once established, the National AI Computing Center will offer world-class AI computing infrastructure at reasonable prices for academia, industry, and research, actively responding to the government's demand for AI innovation and supporting the activation of the domestic AI ecosystem.The center will also create a research and development zone to provide a validation environment for the design and prototype development of domestic AI semiconductors, supporting the commercialization of verified products.Furthermore, the Ministry of Science and ICT plans to collaborate with the Financial Services Commission and others to actively review policy support for the initial smooth operation of the National AI Computing Center, including demand linkage and funding acquisition.Deputy Prime Minister and Minister of Science and ICT Lee Kyung-sik stated, "Through the National AI Computing Center, the government and private sector will work together to secure advanced GPUs and promote the activation of domestic AI semiconductors, contributing to the competitiveness of the AI full stack and aiming to become an AI infrastructure hub in Asia. I expect the Haenam Solarido Data Center Park to become a key base for three major mega projects, serving as a balanced development model for regional and national growth based on abundant renewable energy and expandable locations."* This article has been translated by AI. 2026-08-03 14:20:00
  • Physical Description of Suspect in Tongyeong Murder Case Revealed After 55 Days
    Physical Description of Suspect in Tongyeong Murder Case Revealed After 55 Days 55 days after the murder of a woman in her 60s in Tongyeong, the physical characteristics of the suspect have been confirmed.On August 3, the Gyeongnam Provincial Police Agency announced that, after minimizing errors in the CCTV footage, the suspect was identified as a male approximately 175 cm tall with an average build.Previously, on July 27, police released the suspect's image from the CCTV footage with the consent of the victim's family and announced a reward for information leading to an arrest. Since then, they have received 116 tips over the past week, which are currently under review.The incident occurred at 6:34 a.m. on June 10 in a residence in Tongyeong, where a woman in her 60s, identified as A, was found dead with stab wounds by her family. Police confirmed that the suspect, identified as B, entered the home around 12:20 a.m. and left approximately two hours later with a bag and emergency equipment.In the CCTV footage, suspect B obscured his face with a hat and mask, making it difficult to identify him. He wore gloves, leaving no fingerprints behind.Following this, the police established a dedicated investigation team of over 40 members from the Gyeongnam Provincial Police Agency's Serious Crime Investigation Unit and began inquiries into the victim's acquaintances. However, the suspect has remained elusive for 55 days.The SBS current affairs program 'I Want to Know That' also released the CCTV footage on its official YouTube channel, drawing attention to the suspect's gait.The production team noted, "He walks with a shuffling gait, with weight shifted to his right leg," and explained that the suspect's right heel appears to turn outward, indicating a specific walking habit, encouraging viewers to provide tips.Meanwhile, the reward amount announced by the police is up to 100 million won, in accordance with the regulations on rewards for information leading to the arrest of criminals.* This article has been translated by AI. 2026-08-03 14:16:10
  • FILA Unveils 2026 FW Airflow Lightweight Down Campaign
    FILA Unveils 2026 FW 'Airflow Lightweight Down' Campaign FILA, a sports brand operated by Mistokorea, announced on August 3 that it has released behind-the-scenes photos of its 2026 FW 'Airflow Lightweight Down' campaign featuring brand model WOODZ.The silver-colored product worn by WOODZ sold out immediately after its pre-release on the official online store on July 31. In response to customer demand, Mistokorea is preparing additional stock.The Airflow Lightweight Down emphasizes a lightweight feel and warmth. It is filled with 80% down and 20% feathers from European ducks and features a thin, transparent 10D sheer material that showcases the down's volume and internal structure.Additionally, diagonal stitching details add dimension, and the product is available in various colors inspired by nature, including silver. It is designed for practicality and style, suitable for light outdoor activities as well as urban everyday wear.FILA plans to release campaign photos featuring WOODZ against a natural backdrop in mid-next month. A representative from Mistokorea stated, "We are quickly preparing additional stock to reward our customers' support and ensure more people can experience the product."Meanwhile, Mistokorea also reported that the cumulative sales of its new FILA underwear 'Lovers' line have surpassed 100,000 units, with sales increasing by 277% compared to the same period last year.* This article has been translated by AI. 2026-08-03 14:16:00
  • Deputy Prime Minister Baek Kyung-hun Inspects Everyones AI Project
    Deputy Prime Minister Baek Kyung-hun Inspects 'Everyone's AI' Project Deputy Prime Minister and Minister of Science and ICT Baek Kyung-hun visited the actual education and development sites of the 'Everyone's AI Growth Ladder Project.' He observed a demonstration of Vibe Coding, checking the costs, operating hours, and accessibility for the general public.After the launch ceremony held on the morning of August 3 at the Gwangju National Science Museum, Baek visited the 'Everyone's AI Lounge' on the second floor of the museum. The site showcased the entire process of how individuals without development experience can turn their ideas into prompts and create AI services based on them.Everyone's AI aims to enhance public accessibility by integrating online and offline operations. It includes an online education portal, 'Everyone's AI Learning Center,' which provides public and private AI educational content; an online platform, 'Everyone's AI Laboratory,' that supports the development of AI services by lowering costs and technical barriers; and an offline hub, 'Everyone's AI Lounge,' where developed services can be applied and tested.During the visit, a demonstration was conducted on creating a lifestyle information assistant application using weather data from the Gwangju region. When users input simple requests, the AI specifies functions and designs, integrating with the Korea Meteorological Administration's application programming interface (API) to recommend car washing feasibility, optimal laundry times, and clothing suggestions based on the weather.General users are provided with 40,000 points to use for Vibe Coding. As they begin coding, points are deducted when utilizing external generative AI models and development tools. During the demonstration, Baek inquired, “How much service can be created with points worth 40,000 won?” to assess the practical usage and cost structure.For initial prompt creation, the domestic AI model 'ExaOne' from LG AI Research is utilized, with no points deducted during this phase. This consideration is aimed at users who may struggle with prompt creation from the start. Users can input the service they wish to create, and the AI analyzes the requirements, suggesting necessary functions and designs as options, guiding them to complete the development prompts step by step.Once the prompts are completed, actual service development proceeds through Vibe Coding based on OpenAI's ChatGPT-5.6. Users can further instruct design or functionality additions based on the generated results, refining the service to their desired form. Generating the initial screen costs about 1,000 points, while subsequent requests for design changes or additional features cost approximately 300 to 500 points each. The completed service can be viewed directly in a web browser and accessed on mobile devices through a sharing feature.Baek also visited a classroom where local residents and students can collaboratively plan and discuss AI services while receiving expert assistance. This initiative operates in five regions across the country, providing education, discussions, face-to-face mentoring, and consulting. Programs are tailored to the characteristics of users, including students and seniors, and support the development of AI services to address local issues.Baek raised questions about the museum's operating hours and accessibility for workers. Given that Everyone's AI is a project aimed at the entire population, he asked whether workers could utilize the museum's facilities and face-to-face programs after work hours. A representative responded that while the online platform is available 24/7, it is challenging to operate programs that require participants to gather for discussions or receive face-to-face expert support around the clock.The Ministry of Science and ICT plans to support individuals in learning how to utilize AI at the Learning Center, developing services in the Laboratory, and refining their results with experts at the local Lounge. Outstanding development teams will receive legal, marketing, and technical consulting, as well as support for commercialization, ensuring that citizens' ideas can lead to actual services and youth entrepreneurship. 2026-08-03 14:12:00