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KT Rebrands Online Store as 'KT Direct Shop' to Enhance Customer Experience KT has announced a rebranding of its official online store from 'KT Shop' to 'KT Direct Shop,' focusing on customer convenience and benefits. KT Direct Shop is a direct online store operated by KT, allowing customers to compare and subscribe to telecommunication products such as mobile phones, internet, and TV without visiting a physical store. With this renewal, KT aims to clarify the identity of KT Direct Shop as an online store directly managed by the company, enhancing usability to allow customers to easily view exclusive benefits. Customers can now more intuitively access information on online-only benefits, including a 7% direct discount on rates, simultaneous subscriptions for internet and TV, and rewards for payment and used phones. As part of the first promotion following the renewal, KT Direct Shop will offer a special promotion for customers pre-ordering the Galaxy Z series. The first 1,000 customers who pre-order and activate the Galaxy Z Fold8 Ultra, Galaxy Z Fold8, or Galaxy Z Flip8 through KT Direct Shop will receive a wireless charger, and eight lucky customers will win gold coins through a lottery. Pre-orders will be accepted until August 3, with activations starting on August 4. Kim Young-gul, head of KT's Customer Business Division, stated, 'KT Direct Shop is an online shop directly operated by KT, allowing customers to confidently compare and purchase telecommunication products. Through this renewal, we aim to provide a convenient purchasing experience centered on our customers.'* This article has been translated by AI. 2026-08-02 14:32:00 -
Targeted Real Estate Measures Tighten Taxes on High-Value and Non-Residential Properties The South Korean government's follow-up real estate measures are taking shape through a "targeted approach" rather than broad regulatory changes. Tax burdens will increase for high-value and non-residential properties based on both the number of homes owned and their value, while maintaining total loan limits in the financial sector, allowing only down payment loans for certain new apartments nearing occupancy.According to relevant authorities on August 2, the Ministry of Economy and Finance's tax reform plan and the Financial Services Commission and Ministry of Land, Infrastructure and Transport's housing finance and supply measures are expected to be announced with a certain time lag. The financial and supply measures may be revealed as early as mid-August, following the tax reform announcement.The core of the tax reform focuses on refining the criteria from "how many homes are owned" to "what is the value of the home and for what purpose is it owned." Homeowners of a primary residence valued below a certain threshold may see their comprehensive real estate tax and capital gains tax burdens maintained or reduced, while those owning high-value or non-residential properties, as well as multiple homeowners, may face increased burdens.During the national discussion on real estate policy held on July 27, proposals were made to set limits on the tax exemptions for high-value single homeowners and to shift the tax credit for non-residential single homeowners from mere ownership to actual residency. Adjustments to the basic exemption, market value ratio, and tax rates for multiple homeowners were also discussed. However, these remain at the proposal stage, with specific criteria and rates yet to be finalized.There is a strong possibility that the long-term capital gains tax exemption will also be revised to focus on actual residency. Under the current system, single homeowners can receive up to a 40% exemption on capital gains based on the length of ownership, even if they do not reside in the property. When combined with residency period exemptions, the total exemption rate can reach up to 80%.The government is considering reducing or eliminating exemptions based solely on ownership duration and increasing the weight of exemptions based on actual residency. However, to prevent a sudden spike in tax burdens, the focus is likely to be on high-value and non-residential properties rather than mid- to low-priced homes.In contrast, financial policies are expected to maintain a more conservative stance than tax measures. Financial authorities are preparing to support buyers of new apartments who are unable to secure down payment loans due to total household loan management, but existing home buyers will not be included in this support.The support will primarily target buyers who signed contracts before the June 27 measures were implemented last year and are currently preparing to move in. Financial authorities believe it is difficult to treat buyers of existing homes who signed contracts this year under the same conditions as those who applied before the regulations were enforced.On July 28, financial authorities requested that the five major banks—KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup—ensure that down payment loans for actual users of new apartments nearing occupancy are processed smoothly. In some new complexes, collective down payment loans are being executed based on the banks' autonomous judgments. A financial authority official stated, "Smooth supply of down payments is essential for the occupancy of new apartments."Conversely, there is a reluctance to uniformly increase the loan-to-value (LTV) ratio for young couples and first-time homebuyers. In a situation of supply shortage, expanding loan limits could lead to increased home prices, stimulating buyer demand.The expectation of rising home prices remains a significant factor complicating the easing of loan regulations. The Bank of Korea's housing price outlook index for July rose to 127, up seven points from the previous month, marking the highest level since September 2021. This indicates an increase in consumers expecting home prices to rise over the next year.The increase in household loan growth that banks must manage this year is also capped at 1.5%. As the scale of support for down payment loans for new apartments increases, banks may reduce other mortgage or credit loans, creating a balloon effect. Financial authorities are currently estimating the demand for down payment loans in the second half of the year and the resulting increase in household loans.The government is also considering expanding financing for suppliers rather than broadly loosening housing purchase funds for consumers. This includes increasing public guarantees for project financing (PF) for non-apartment and rental housing projects to support construction and supply. The rationale is that providing funds for developers to build homes, rather than lending more money to individuals to buy homes, could help mitigate price increases.A real estate industry official stated, "The government's measures will differentiate support and regulation based on actual residency and housing prices in taxation, and on contract timing and actual supply effects in finance. This structure aims to protect actual residents of mid- to low-priced homes while increasing tax burdens on high-value and non-residential properties, supporting new apartment occupancy while blocking loan relaxations that could stimulate demand for existing home sales."However, as the criteria for policies become more detailed, debates over fairness for actual users on the margins may intensify. Issues such as how to distinguish between single homeowners who temporarily cannot reside due to work or children's education, and whether it is reasonable to treat existing home buyers differently from new apartment buyers, will be contentious points.Professor Kang Seong-hoon of Hanyang University stated, "It is important to reach a social consensus through various discussions on the criteria for high-value homes."* This article has been translated by AI. 2026-08-02 14:32:00
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Challenges Grow for Busan Mayor Jeon Jae-soo One Month After Taking Office Jeon Jae-soo's administration in Busan marked its one-month anniversary on August 1.Since launching with a vision for Busan as a marine capital and a policy alliance with the Lee Jae-myung government, expectations for achievements have been met with concerns about leadership. Following the presidential election, hopes for securing national funding and fostering the marine industry have increased. However, key projects initially ordered for review have largely reverted to their original plans, and cooperation with local political circles regarding the second phase of public institution relocations has faced challenges, putting the administration's operational capabilities to the test early on.A recent Importance-Satisfaction Analysis (IPA) conducted by four local civic groups, including the Sustainable Community Forum and Busan YMCA, from July 6 to 11, revealed both expectations and concerns. Cooperation with the Lee Jae-myung government scored 5.31 out of 7, while national funding secured a score of 5.16. The construction of the marine capital received a high importance score of 5.54 and a performance outlook of 5.37. In contrast, bipartisan cooperation scored only 3.95, and the recovery of Busan's economy was rated at 4.44, resulting in an overall average below 4.66. Experts emphasized the need for a comprehensive growth strategy that encompasses AI, advanced industries, and finance, rather than relying solely on the marine industry.Most of the key projects from the previous administration, which were strongly criticized and ordered for review by the former mayor, are now being re-initiated after practical assessments. The construction of the Busan Women's Plaza and the establishment of the third exhibition hall at BEXCO have been confirmed to proceed as planned due to recognized administrative necessities following central investment reviews and contract progress. The development of Dalmaji Park in Haeundae has seen only minor adjustments in its detailed direction, while the installation of natural levees along the Nakdong River has been halted due to a lack of feasibility.Within the city hall, there are mixed opinions regarding whether the administration prioritized messaging without sufficient review or if it demonstrated flexible governance by considering the opinions of practical staff. However, concerns remain that repeated policy reviews could undermine administrative trust and the momentum of public service organizations.Organizational Restructuring and Public Institution Attraction... Bipartisan Cooperation Remains a ChallengeThere have also been disruptions in personnel and organizational restructuring. Just three days after taking office, 23 senior officials were appointed, and the position of the future innovation deputy mayor from the previous administration was abolished, returning to a dual leadership structure with the administrative and economic deputy mayors. The Marine and Fisheries Bureau was elevated to a second-level organization, the Marine Capital Strategy Office, and new departments for Population and Youth Policy and AI Industry Innovation were established. However, some have criticized the retention of certain so-called 'understaffed' agencies that do not meet the Ministry of the Interior and Safety's standards, suggesting they were kept to alleviate personnel bottlenecks.With the government's announcement of the second phase of public institution relocation roadmaps set for September, political cooperation remains a task. The ruling People Power Party is pushing for the relocation of the Korea Development Bank, while the former mayor and the Democratic Party emphasize establishing the Southeast Investment Corporation, leading to slow progress in forming a bipartisan consultative body. Nevertheless, limited cooperation has been observed with the Busan City Council, which agreed to postpone the processing of an ordinance expanding the scope of personnel verification at the city's request until the September extraordinary session.As Jeon Jae-soo's administration surpasses its first month, experts suggest that establishing a permanent bipartisan consultative body for major issues and demonstrating refined leadership to support policy consistency and execution are essential for stable governance.* This article has been translated by AI. 2026-08-02 14:20:00
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Financial Authorities Consider Emergency Measures to Adjust Leverage Ratios Financial authorities are preparing to implement new regulations targeting single-stock leverage products. To protect investors, they are working on legal amendments that would allow them to directly lower the current leverage ratio of 2:1 for these products.According to the financial authorities on August 2, the Financial Services Commission (FSC) is collaborating with the Financial Supervisory Service (FSS) to establish a legal basis for market stabilization measures aimed at managing the volatility of single-stock leverage products.This follows initial supplementary measures announced on July 16, which included raising the basic deposit requirement, and additional measures on July 30. The authorities are focusing on amending the Capital Markets Act to provide a basis for invoking 'emergency measures.'To inform this approach, they have referenced a recent case from Hong Kong, where the Securities and Futures Commission (SFC) issued guidelines on July 24 allowing adjustments to the leverage ratios of listed leveraged and inverse products based on the asset management capabilities of firms.If emergency measures are authorized, financial authorities would be able to lower the leverage ratios of single-stock products in urgent situations where investor protection is necessary. Current laws stipulate that matters related to beneficiary interests must go through a beneficiary meeting, which requires a majority of voting rights from attending beneficiaries and at least one-fourth of the total issued beneficiary certificates.Without securing emergency measures, it would be challenging to arbitrarily adjust the ratios directly linked to the profits of single-stock leverage products. In a meeting of the Political Affairs Committee on July 29, FSC Chairman Lee Ok-kyung noted that lowering the current 2:1 ratio could help mitigate volatility, but he emphasized the need to consider how to address beneficiary meetings and investor interests during the legislative process.Some analysts predict that if emergency measures are secured, trading restrictions or suspensions could also be possible. The Capital Markets Act was amended last April to allow for trading restrictions of up to five years for unfair trading and illegal short selling, raising questions about whether this could be applied to single-stock leverage products. However, there are concerns that singling out specific products for regulation could deviate from the original intent of broad regulatory powers.Additionally, financial authorities are exploring the early implementation of investment limits and mandatory simulated trading. The investment limit would standardize the single-stock leverage investment cap to around 20% per account. While raising the basic deposit requirement may deter small investors, setting investment limits could help reduce losses for larger investors.Simulated trading is a response to criticisms that existing single-stock leverage education is too theoretical. A financial authority official explained, "We aim to introduce practical training for single-stock leverage products, similar to how investors practice with derivatives and short selling before actual investments." 2026-08-02 14:12:00
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Insurance Industry Faces Rising Policy Cancellations Amid Economic Challenges The life insurance industry is showing signs of increasing policy cancellations. As economic slowdowns and reduced consumer spending lead to more contract terminations, the decline in new contracts raises concerns about growth potential in the sector. Structural factors such as low birth rates and an aging population are expected to further limit the growth of existing products, prompting insurers to seek new growth drivers.According to the insurance industry on August 2, the policy cancellation payouts from 22 life insurance companies reached 5.9197 trillion won in May, a 79.7% increase from 3.2947 trillion won in the same month last year.Since recording 6.0522 trillion won in January, the amount of policy cancellation payouts has exceeded 5 trillion won each month through May. Cumulatively, the payouts reached 28.9704 trillion won by the end of May, up 39.2% from 20.8171 trillion won during the same period last year.The increase in policy cancellations is attributed to a combination of changes in consumer financial management and worsening living conditions. The domestic stock market's strong performance in the first half of the year has led to a 'money move' phenomenon, where funds tied up in existing insurance products are being redirected to investments like stocks. Additionally, high inflation and economic slowdown have increased households' need for cash.Alongside the rise in policy cancellations, the slowdown in new contract inflows has heightened concerns about the weakening growth foundation of the life insurance industry. The cumulative number of new contracts for life insurers in the first half of the year was 4,112,902, a 12.9% decrease from 4,719,407 in the same period last year. If the trend of existing contract cancellations continues alongside a decline in new contracts, it could lead to a reduction in the number of active contracts, undermining long-term profitability.Industry insiders believe that traditional insurance sales alone will struggle to secure growth momentum due to low birth rates, an aging population, and economic slowdown. As a result, life insurers are accelerating efforts to restructure their business portfolios, focusing on new growth areas such as overseas investments, senior care, and healthcare.An industry official stated, "For customers to increase their disposable income, their capacity to purchase insurance must also expand. However, recent consumer conditions have been challenging, weakening the competitiveness of core insurance operations. Given the current market conditions, significant growth in the insurance sector seems unlikely, prompting insurers to concentrate on discovering new growth drivers in overseas investments, senior care, and healthcare."* This article has been translated by AI. 2026-08-02 14:00:00
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Trump Cancels Iran Airstrike, Iran Shifts to Preemptive Strategy President Donald Trump has abruptly canceled a planned airstrike against Iran that was expected this weekend, amid reports that Iran is shifting its strategy from reactive retaliation to preemptive aggression.On August 1, Trump announced via social media platform Truth Social that Iran and other Middle Eastern countries had requested a pause in attacks, stating that a basic framework for an agreement had been established.He said, "I agreed to cancel the attack under the condition that we can quickly reach an agreement for the future of the world and the survival of a successful and prosperous Iran," adding that "Israel is also joining me in this commitment." Trump explained that the agreement includes the immediate and complete opening of the Strait of Hormuz and the cessation of Iran's nuclear threats.However, separate from the negotiations, a notable change in Iran's military response has been observed. According to foreign media, including CNN, Iran launched several ballistic missiles toward a U.S. military base in Jordan on July 28.The U.S. Central Command (CENTCOM) reported that "Iran launched multiple ballistic missiles at U.S. bases in the Middle East, all of which were successfully intercepted by U.S. forces." Previously, military exchanges between the U.S. and Iran had followed a pattern where Iran would attack shipping in the Strait of Hormuz, prompting U.S. retaliatory strikes, followed by Iranian attacks on U.S. bases in the region. Iran had been responding to U.S. preemptive strikes.This time, however, Iran targeted the U.S. base in Jordan without any prior attack from U.S. forces. The U.S. characterized this incident as a "surprise attack attempt." U.S. media outlets have assessed that Iran is demonstrating a willingness to regain the initiative in warfare by breaking the recent military lull and resuming hostilities.CNN reported that Iran appears to have deemed it worthwhile to escalate pressure, even at the risk of provoking renewed U.S. airstrikes, which had briefly paused.The Wall Street Journal noted that the Islamic Revolutionary Guard Corps (IRGC) has shown a fundamental shift, indicating a preference for a prolonged state of war over the domestic political pressures arising from economic hardship and protests during peacetime.While Trump's announcement of the attack cancellation has reduced the immediate likelihood of military conflict, U.S. pressure on Iran is expected to continue. Trump emphasized, "The U.S. is fully armed and ready to deploy against Iran with military might and power not seen since World War II." * This article has been translated by AI. 2026-08-02 13:52:00
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South Korean Prime Minister Directs Government Response to Heatwave South Korean Prime Minister Han Seong-sook on August 2 ordered a thorough review of heatwave response measures as the Central Disaster and Safety Countermeasure Headquarters raised its alert level to Stage 2 due to worsening heat conditions and concerns over drought damage in some areas. Han instructed the Ministry of the Interior and Safety to assess the implementation of heatwave measures by relevant ministries and local governments, emphasizing the need for coordinated and proactive responses across all agencies. "Local governments must continuously visit heat-affected areas to ensure that cooling centers and heat mitigation facilities are operating effectively, and any necessary improvements should be addressed immediately," she said. The Ministry of Health and Welfare was urged to check the cooling operations at senior centers and shelters frequented by vulnerable populations, such as the elderly living alone and residents of goshiwons (small, inexpensive rooms), and to conduct regular welfare checks through phone calls and visits. Han also highlighted the need for the Ministry of Agriculture, Food and Rural Affairs to actively broadcast warnings to elderly farmers about the dangers of outdoor work during the heat, as there have been numerous fatalities. She called for collaboration with local governments to conduct on-site inspections of outdoor work in greenhouses and fields. The Ministry of Employment and Labor was tasked with checking compliance with the five basic safety rules for heatwaves at logistics centers and construction sites, ensuring that worker protection measures are being implemented, and guiding the suspension or adjustment of work hours during extreme heat. The Ministry of Agriculture, Food and Rural Affairs and the Ministry of Oceans and Fisheries were instructed to quickly provide necessary support, such as operating cooling systems and high-temperature response equipment, to minimize livestock and aquaculture losses due to the heat. The Ministry of Climate Change was directed to monitor power reserves and ensure stable electricity supply despite the surge in cooling demand due to the heatwave, while also managing water storage levels in dams and reservoirs to prevent shortages in drought-prone areas. Han urged all ministries to utilize available media, including public broadcasting, disaster text alerts, electronic billboards, and community broadcasts, to swiftly communicate the heatwave situation to the public and provide detailed guidelines for heatwave preparedness.* This article has been translated by AI. 2026-08-02 13:52:00
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Trump Cancels Military Strike Against Iran, Citing Need for Quick Agreement President Donald Trump has abruptly canceled a planned military operation against Iran that was expected to take place this weekend.On August 1, Trump announced on social media platform Truth Social that he agreed to cancel the attack under the condition that a quick agreement could be reached for the future of the world and the survival of a successful and prosperous Iran. He stated, "Israel also joins me in this commitment." He added that Iran and other Middle Eastern countries had just requested to refrain from any attacks, noting that a basic framework for an agreement had been established. The agreement would include the immediate, complete, and total opening of the Strait of Hormuz and the cessation of Iran's nuclear threats.However, Trump did not withdraw military pressure. He emphasized, "The United States is equipped with a level of military intimidation, power, and readiness that has not been seen since World War II, and we are fully prepared to engage against the Islamic Republic of Iran." Trump's announcement came just before the weekend, which had been mentioned as a potential timeframe for U.S. airstrikes against Iran. Earlier, U.S. media outlets, including CBS and The Wall Street Journal, reported that sources indicated the U.S. and Israel planned to target Iran's energy facilities this weekend. U.S. embassies in the Middle East also advised their citizens to prepare for possible evacuation amid rising tensions over the potential for armed conflict.* This article has been translated by AI. 2026-08-02 13:44:00
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Seongnam Mayor Shin Sang-jin: Trust in Citizens is Paramount for Welfare Shin Sang-jin, the mayor of Seongnam, emphasized on the 31st that "trust in citizens is paramount for welfare," stating his commitment to improving the quality of senior welfare through field-centered administration. On this day, Mayor Shin announced that an operational inspection will be conducted for 33 senior welfare facilities receiving city subsidies by September 4. This initiative reflects Mayor Shin's determination to create a trustworthy environment for senior welfare by thoroughly examining the operations of local facilities and enhancing transparent welfare administration. The inspection will cover 16 multipurpose welfare centers, 11 senior job support organizations, and 6 comprehensive senior welfare centers. Mayor Shin noted, "The goal is not to penalize facilities but to collaboratively address operational challenges and improve welfare services. This is the core of the inspection." The mayor plans to comprehensively verify compliance with staffing standards, recruitment and management of personnel, appropriateness of subsidy execution and accounting, and the performance of senior job programs. Minor issues will be addressed immediately on-site, while strict administrative measures, including recovery of improperly executed subsidies, will be enforced if necessary. To prevent recurring issues, follow-up management will be strengthened to enhance practical improvement outcomes. During the inspection process, Mayor Shin will actively listen to the concerns and suggestions of facility operators. Additionally, training on subsidy execution standards and accounting practices will be provided to enhance the administrative capabilities of the facilities, and feedback gathered will be actively reflected in future welfare policy improvements. Local citizens have generally responded positively to the inspection. One resident from Sujeong-gu stated, "Regular inspections to ensure that subsidies are being used properly in facilities for seniors are essential. I expect increased transparency in administration." Local welfare officials also commented, "Transparent accounting and operational inspections will enhance citizen trust, and we hope this will lead to collaborative improvement measures between administration and welfare facilities." Meanwhile, Shin Sang-jin stated, "We will continue thorough inspections and ongoing support to ensure that citizens' taxes are used correctly and the quality of welfare services is improved." He added, "We will maintain continuous communication with the field to support the operation of senior welfare facilities." 2026-08-02 13:44:00
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Legal Framework Established for Direct Implementation of Railway Underground Project The Korea Railroad Corporation is expected to have a legal framework in place to directly implement the integrated railway underground development project. While the qualification for project implementation has been granted to the specialized agency for railway construction and facility management, the government’s comprehensive plan, which determines the project scope and scale, has been delayed by more than seven months from its original schedule. Preparations for organizational structure and funding have also not progressed at a satisfactory pace.According to the National Assembly on August 2, the revised bill on the 'Special Act on the Integrated Development of Railway Underground and Railway Sites' was amended and passed by the National Assembly's Legislation and Judiciary Committee on July 29.Current law stipulates that only agencies designated by the government to receive state-owned assets can be appointed as project implementers. Although the Korea Railroad Corporation, a government-funded institution, is responsible for railway construction and facility management, it has not met the requirements to take on projects directly. Initially, there were plans to establish a separate subsidiary under the corporation to handle the underground project, but the direction shifted to allow the corporation to implement it directly.If the revised bill passes the plenary session, the Korea Railroad Corporation can be designated as the project implementer without the need to establish a separate legal entity. This is expected to allow the corporation to utilize its expertise in designing and constructing railway lines, relocating existing facilities, and managing train operation safety from the outset, ensuring consistent management of the schedule and costs for both the underground construction and the development of the above-ground sites. It will also clarify the implementation entity and responsibility structure, reducing uncertainties in project advancement.However, there are concerns that even if the revised bill strengthens the legal foundation for the project, actual implementation requires the Ministry of Land, Infrastructure and Transport to first finalize the comprehensive plan for the railway underground development. This plan will include the routes to be undergrounded, the scope of development, phased implementation schedules, and funding strategies. Based on this, basic plans for each project can be established, and the roles of implementers and agencies, as well as the necessary organizational and personnel scale, can be clarified.The Ministry of Land, Infrastructure and Transport set a goal to establish the comprehensive plan by December 2025 in its implementation plan for the railway underground development project announced at the end of 2024. However, the number of routes proposed by local governments has exceeded expectations, and the time required to review funding, project viability, and the distribution of development benefits among regions has delayed the announcement into the next year.While the Ministry has not confirmed a specific announcement date, there are discussions within the railway industry that the comprehensive plan may be released in the second half of this year or by year-end. If announced at the end of this year, it would be about a year later than the original target. Leading projects in cities like Busan, Daejeon, and Ansan have begun the basic planning process ahead of the comprehensive plan, but other regions must wait for the plan to be included before they can start subsequent procedures.The delay in the comprehensive plan has also hindered the Korea Railroad Corporation from beginning specific organizational preparations for direct implementation. The corporation currently executes projects worth 60 to 70 trillion won annually. If many routes are included in the future comprehensive plan, it will need to manage large-scale underground projects separately from its existing railway construction and management tasks, necessitating the establishment of dedicated organizations and the expansion of specialized personnel.Debate remains over the effectiveness of funding procurement. The revised bill allows local governments to establish a special account for railway underground projects and utilize costs for public facility installations, development levies, property taxes, and general account transfers from the affected areas as project funding.According to a review report from the National Assembly's Land, Infrastructure and Transport Committee, cities like Seoul, Busan, and Gwangju have suggested that provisions related to the special account should be removed. They argue that public facility installation costs can be irregular in revenue generation and may be paid in kind, while development levies and property taxes are basic local government revenues, making it difficult to incorporate them into the special account of metropolitan governments.The long and narrow linear structure of railway sites is also cited as a constraint on securing project viability. While there is relatively high demand for development in the metropolitan area, maintaining existing railway operations during construction could increase costs. In rural areas, it may be challenging to cover underground costs solely through above-ground development profits, potentially widening the gap in project viability between regions.A railway industry official stated, "The legal amendment provides a basis for the Korea Railroad Corporation to participate as a project implementer, but we need to distinguish this from the actual organization that will carry out the project. The comprehensive plan must be released to gauge the overall project scale and the corporation's role, allowing for a detailed review of the necessary organization, personnel, and funding strategies."* This article has been translated by AI. 2026-08-02 13:32:00