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President Lee Receives Credentials from Ambassadors of Eight Countries President Lee Jae-myung received credentials from ambassadors of eight countries, including Brazil, on July 22. This marks the fourth credential ceremony since the current administration took office. The ceremony took place at the Blue House and included the ambassadors of Brazil, Fernando Meirelles de Azevedo Pimentel; El Salvador, Federico Guerrero Avendaño; Colombia, Yovani Velasquez Quintero; Laos, Kaimani Orabun; Kazakhstan, Asset Isenali; Tanzania, Noel Emmanuel Kaganda; Kuwait, Azam Al Asfour; and Nigeria, Nora Radi Dadut. The credential ceremony is an event where newly appointed ambassadors present their credentials from their home country's head of state to the head of state of the host country.* This article has been translated by AI. 2026-07-22 14:16:00 -
POSCO Group Opens First Advanced Manufacturing Incubation Center in South Korea POSCO Group has opened South Korea's first advanced manufacturing incubation center in Pohang on July 22, marking a significant step in revitalizing the local manufacturing startup ecosystem.The 'RIST Advanced Manufacturing Incubation Center' is the first hub for nurturing manufacturing startups in the country, developed through collaboration between POSCO Group, the Ministry of SMEs and Startups, Gyeongbuk Province, and Pohang City, leveraging the practical research capabilities of RIST (Pohang Institute of Industrial Science and Technology).The center spans two floors and covers a total area of 4,074 square meters, accommodating up to 10 companies.Manufacturing startups often face challenges in commercialization due to the substantial funding required for prototype development, testing, and establishing mass production facilities. POSCO Group plans to support these startups by sharing testing facilities and research infrastructure to help them overcome the so-called 'Death Valley' of startup development.The center is equipped with essential shared infrastructure for product testing, including cooling water, compressed air, and six types of industrial gases (such as hydrogen, nitrogen, and oxygen). RIST will also provide support in testing, analysis, reliability evaluation, and process design technologies.POSCO Group aims to leverage its own venture nurturing, manufacturing, research and development, and marketing capabilities to assist the growth of resident companies. Specifically, the group will handle the entire incubation process, including identifying promising ventures, providing research and development support, scaling up facilities and processes, commercialization, and securing global market access, with the Ministry of SMEs and Startups and Gyeongbuk Province supporting the center's operations.This initiative will enable resident companies to receive systematic support throughout the entire cycle, from technology development to testing, mass production, investment attraction, and factory establishment.The opening of this center is a continuation of POSCO Group's venture nurturing platform, 'CHANGeUP.' The group has focused on early identification of promising companies that can be linked to strategic businesses, providing direct investment or research and development support to create business synergies and ultimately discover future growth engines for the group.Currently, four companies are residing in the center, including Enforus (high-temperature electrolysis hydrogen production), Solarize (solar inverter production), Vericore Materials (eco-friendly coating production), and A4S (solvent extraction for secondary batteries), all of which have received direct or indirect investment and research support from POSCO Group.POSCO Group stated, "We plan to continue supporting the growth of local manufacturing ventures and contribute to balanced regional development by creating quality jobs and new businesses."* This article has been translated by AI. 2026-07-22 14:16:00
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Aribio to Present AR1001 Phase 3 Clinical Trial Results at CTAD in November The global Phase 3 clinical trial results for the oral Alzheimer's treatment candidate AR1001 will be unveiled at the world's largest Alzheimer's clinical development conference, CTAD 2026, in November. The topline results will be disclosed as soon as they are finalized, separate from the conference presentation.On July 22, Aribio announced that the global Phase 3 trial, named POLARIS-AD, has been selected for the core oral presentation program at the 19th Alzheimer's Clinical Trials Conference, which will take place in Boston, USA, from November 16 to 19.The results of the AR1001 Phase 3 trial will be presented during the first oral session on November 16, the opening day of the conference. The CTAD organizing committee has highlighted POLARIS-AD as one of the key clinical trial results to be announced this year.The presentation is titled 'Global Phase 3 POLARIS-AD of AR1001 in Early Alzheimer's Disease Patients: 52-Week Efficacy Results and Safety from the Extension Phase.' The lead presenter will be Dr. Sharon Sha, the principal investigator of the AR1001 global Phase 3 trial and a clinical professor of neurology and neuroscience at Stanford University, who is a recognized authority in Alzheimer's research.POLARIS-AD is a global Phase 3 trial conducted across approximately 230 clinical trial sites in 13 countries, including the United States, Canada, Europe, South Korea, and China, involving 1,535 patients with early Alzheimer's disease. The last patient completed 52 weeks of treatment on June 29, and data cleaning, database locking, and analysis procedures according to the pre-specified statistical analysis plan are currently underway.At CTAD 2026, detailed clinical research results will be presented, including the primary efficacy and safety outcomes for the overall patient population and the monotherapy group, as well as specific evaluation variables, subgroup analyses, and safety data accumulated from the extension trial.The completion of Aribio's global Phase 3 trial signifies its capability to independently design, operate, and manage large-scale multinational clinical trials.Aribio CEO Jeong Jae-jun stated, 'The selection of POLARIS-AD as a major Phase 3 trial result to watch this year in the official CTAD program reflects the high interest of the global academic community in AR1001. We will transparently disclose the topline results as soon as they are available before the conference begins.' He added, 'Once the primary efficacy and safety indicators and detailed analysis results are presented at CTAD, we will promptly advance discussions with global regulatory agencies and prepare for new drug application submissions.'* This article has been translated by AI. 2026-07-22 14:12:00
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CJ Group to Host National and International Taekwondo Tournaments in Vietnam CJ Group announced on July 22 that it will host consecutive national and international taekwondo tournaments at the Lac Miou Sports Complex in Ho Chi Minh City from July 23 to 29.The "2026 CJ National Youth Taekwondo Championship" will take place from July 23 to 27, followed by the international event, the "CJ Vietnam Open," on July 28 and 29. Now in its sixth year, the CJ National Youth Taekwondo Championship is the only national taekwondo tournament in Vietnam sponsored by a foreign company. This year, approximately 1,300 participants, including 1,000 athletes representing 31 provinces in Vietnam and 300 officials, are expected to compete.The CJ Vietnam Open, established last year, will feature athletes from emerging taekwondo nations such as India, Cambodia, and Japan. It is anticipated to serve as a practical competition for athletes ahead of the Asian Games in Aichi and Nagoya in September. All matches from both tournaments will be broadcast live on Vietnam's online video service platform, FPT Play.Since 2012, CJ Group has supported the Vietnamese national taekwondo team with overseas training and participation in international competitions. In 2017, the company dispatched coach Kim Gil-tae, a former member of the South Korean youth national team, to Vietnam. As a result, the Vietnamese team won a total of nine medals, including two golds, at this year's Asian Taekwondo Championships.A CJ Group representative stated, "We will create an environment where Vietnamese taekwondo athletes can realize their dreams on the world stage, from youth development to national team support."Meanwhile, the CJ Nanum Foundation, in collaboration with the Tmoney Welfare Foundation, will provide up to 3 million won each to 50 children's welfare institutions in mountainous areas, totaling 150 million won, for summer cultural experience expenses.* This article has been translated by AI. 2026-07-22 14:12:00
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Samsung Display's Lee Cheong: Chip Inflation to Challenge Second Half, Confident in Foldable Panels Lee Cheong, president of Samsung Display, forecasted that the display market will face challenges in the second half of the year due to rising semiconductor prices, a phenomenon referred to as 'chipflation.' Despite a global economic slowdown and fierce competition from China, he expressed determination to solidify market leadership through advanced panel technologies, including foldable phones.Speaking to reporters on July 22 at the 2026 Korea Display Industry Exhibition in Seoul, Lee noted, "The recent surge in key semiconductor prices has increased cost burdens for finished product manufacturers, leading to a decline in overall volumes of organic light-emitting diode (OLED) displays for smartphones and IT devices."He added, "This situation has put strong pressure on display panel prices, making the business environment for the second half quite challenging."Lee acknowledged that while the first half of the year showed relatively solid performance, maintaining profitability will be a key challenge in the second half due to various uncertainties. However, he emphasized that close collaboration with major global clients could help the company navigate this difficult period and ultimately secure advanced technological capabilities that competitors cannot match.Regarding the foldable phone market in the second half, Lee expressed strong confidence. He highlighted the upcoming launch of the 'Galaxy Z Fold/Flip 8' series in London, stating, "Foldable displays are a core area where Samsung Display maintains a significant technological edge. We will continue to apply differentiated form factor technologies, such as improved screen creases, enhanced durability, and low-power technologies, to maximize the quality of the Galaxy Z series and further strengthen our market dominance."In response to the aggressive competition and production capacity expansion from Chinese display manufacturers, Lee proposed technological differentiation as the only viable solution.He stated, "A market that competes solely on production volume or price is meaningless. What matters is proactively implementing and presenting unique and differentiated technologies that customers desire. To be the preferred choice in the global supply chain, including major clients in North America, quality and a distinct technological gap are essential."Lee reaffirmed the company's commitment to its large-scale investment plans in the Chungcheong region, including next-generation line expansions.When asked about the timeline for executing the three major mega-project investments, he responded, "We are diligently progressing through the preparatory procedures for establishing the next-generation line. We will ensure the advancement of foldable displays, as well as the 8.6-generation OLED line for IT and micro OLED for extended reality (XR) devices, targeting the premium market with advanced technology investments without any setbacks." 2026-07-22 14:12:00
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Chinese state media warns of growing US 'pressure' on Korea's chipmakers SEOUL, July 22 (AJP) - South Korea's semiconductor industry could become increasingly reliant on the U.S. as Washington pushes South Korean chipmakers to expand production and investment on American soil, Chinese state media warned on Tuesday. In an op-ed, the Global Times, an English-language sister newspaper of the state-run People's Daily, said U.S. industrial policies were directly affecting South Korea's semiconductor sector as a whole, citing Reuters' recent report that Samsung Electronics America (SEA) would relocate its headquarters from Englewood Cliffs, New Jersey to Texas, though the relocation involving more than 700 jobs is focused on consumer electronics and does not involve chips. "Regardless of what may have prompted Samsung's move, the hand of US industrial planning is unmistakably present - and its impact is by no means confined to Samsung, because it bears directly on South Korea's semiconductor sector as a whole," it said. It cautioned that excessive dependence on U.S. strategic priorities could make South Korea vulnerable amid Washington's continued push for greater semiconductor investment by South Korean companies, "not merely through subsidies and tax incentives, but through increasingly direct pressure." "Simply following the U.S. strategic priorities will inevitably steer South Korea into an awkward and vulnerable position: as Seoul's semiconductor sector grows more dependent on Washington's strategic priorities, it risks becoming subordinated to U.S. interests," it said. "Given that the U.S. consistently places its own interests above all else, South Korea's industrial interests are all too easily marginalized, or even sacrificed." It then said that South Korea faces a "long-term challenge" in maintaining its domestic industrial foundation "amid complex external pressures." The latest warnings came after the news outlet cast doubt earlier this month on whether deeper cooperation between Seoul and Washington in the shipbuilding sector would produce meaningful results, while arguing that cooperation with China "remained important." 2026-07-22 14:08:42 -
Enhancing Workspaces: Hyundai Terra Tower Guri Galmae Attracts Businesses As the importance of workspace continues to grow in determining corporate competitiveness, knowledge industry centers are gaining prominence. In this context, the 'Hyundai Terra Tower Guri Galmae,' established in the Guri Galmae district of Gyeonggi Province, is drawing attention as a key business hub in northeastern Gyeonggi, thanks to its excellent location and distinctive work environment.The tower's greatest strength lies in its superior transportation accessibility. With the recently opened extension of Subway Line 8, travel to areas like Jamsil in southeastern Seoul takes about 20 minutes. It is also conveniently located near Byeollae Station and Galmae Station, making public transportation easily accessible. Additionally, the site offers access to the Sejong-Pocheon Expressway and the Gyeonggi 1st Circular Highway, allowing companies with significant vehicle traffic to maintain efficient operational routes.The diverse spatial configurations tailored to the needs of tenant companies are another notable feature. Live offices designed for startups, small businesses, and solo entrepreneurs incorporate rest areas, including lofts and restrooms, within the workspace, balancing work and relaxation.Specialized designs for manufacturing and logistics companies are also prominent. The facility features a straight ramp and a drive-in system, allowing trucks to access the office directly through a 'Door to Door' structure, enhancing the efficiency of logistics movement and loading and unloading operations. The layout, considering various business demands, is also cited as a factor that increases user satisfaction.Ample amenities for employees are available within the complex. Facilities include seminar rooms, meeting rooms, a fitness center, a screen golf area, and lounges, along with green relaxation spaces such as a maple garden on the second basement level and a light garden on the ninth floor, providing a pleasant work environment.Convenience for daily living is another advantage. A large commercial facility within the complex allows employees to meet their dining, shopping, and cultural needs in one location, enhancing satisfaction among tenant employees. This welfare infrastructure is seen as a competitive edge for companies struggling to attract talent.Real estate experts evaluate the Hyundai Terra Tower Guri Galmae as a strong option for securing premium office space at relatively reasonable costs while maintaining accessibility to Seoul. They also note that the excellent work environment and various support facilities have led to a steady stream of inquiries from potential tenants.The Hyundai Terra Tower Guri Galmae is a multi-purpose knowledge industry center with two basement levels and ten above-ground floors, equipped to accommodate various business environments, including office spaces, live offices, and drive-in offices. Currently, consultations for leasing and occupancy of some remaining units are ongoing, and related information can be found at the promotional center located on the first floor of the complex.* This article has been translated by AI. 2026-07-22 14:08:00
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New York Mayor Says City Lacks Authority to Enforce Netanyahu Arrest Warrant New York City Mayor Joran Mamdani acknowledged that the city does not have the legal authority to enforce an International Criminal Court (ICC) arrest warrant against Israeli Prime Minister Benjamin Netanyahu.According to Bloomberg on July 22, Mamdani stated in a video posted on Instagram, "Our administration reviewed all legal possibilities regarding whether we could enforce the ICC arrest warrant if Prime Minister Netanyahu visits New York. As a result, we concluded that New York City does not have the legal authority to independently enforce this warrant."However, Mamdani maintained his position that Netanyahu should be held accountable as a 'war criminal' and brought to justice. He argued that the enforcement of the ICC arrest warrant should be the responsibility of the federal government.Meanwhile, President Donald Trump asserted that there would be no circumstances under which Netanyahu would be arrested in the United States. On July 20, Trump stated on social media, "Netanyahu will not be arrested while he is in the United States."The ICC issued an arrest warrant for Netanyahu in November 2024, citing allegations of war crimes and crimes against humanity related to the conflict in Gaza. However, the United States is not a member of the ICC and therefore has no legal obligation to enforce the warrant.* This article has been translated by AI. 2026-07-22 14:08:00
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AI to cut 256,000 jobs annually in S. Korea: Report SEOUL, July 22 (AJP) - Artificial intelligence is expected to eliminate roughly 256,000 jobs a year in South Korea within a decade, a report released by the Korea Development Institute showed Wednesday. AI will concentrate pressure on professionals, office workers and sales staff rather than on the manual work that earlier waves of automation displaced. The scale is easier to read against what the institute expects the labor market to do otherwise. In its outlook published earlier this year, the Korea Development Institute (KDI) projected that the number of employed people in South Korea would rise by about 170,000 in each of 2026 and 2027. The AI effect, as estimated, is larger than that annual gain. Nam Chang-woo, a senior research fellow at the state-funded institute, released the findings on July 22 in a report on the macroeconomic effects of AI. The estimated losses amount to 2.1 percent of the employed population as of 2024. The figure comes from a two-step calculation. The researchers first identified jobs exposed to AI automation 10 years from now, then estimated how many of those would be replaced outright, applying quasi-elasticity coefficients drawn from job losses in earlier rounds of production automation. Exposure grows sharply over the period. At present, the share of the economy where AI automation is commercially viable stands at 1.4 percent measured by jobs and 1.8 percent measured by revenue. Within 10 years, the report puts those figures at 8.1 percent and 10.5 percent. The report is not uniformly negative. KDI estimated that the spread of generative AI would raise South Korea's total factor productivity by 1.5 to 3.5 percent over the coming decade, or 0.15 to 0.35 percentage points a year. Total factor productivity measures output gains that cannot be explained by adding more workers or more capital, and economists treat it as the closest available proxy for how efficiently an economy uses what it already has. That figure reflects a multiplier effect. Productivity gains in sectors heavily exposed to AI spread through the rest of the economy by way of supplier and buyer linkages rather than staying where they originate. At the level of individual companies, the effect is larger and more immediate. Combining corporate financial statements with data on AI adoption, KDI estimated that introducing AI raised revenue per permanent employee by about 20 percent, a result the report describes as statistically significant. Wage inequality between occupations is expected to narrow slightly or hold steady as measured by the Gini coefficient. The reason is not that lower-paid workers gain. It is wage compression, with pay growth slowing in the high-wage occupations that AI reaches first. KDI recommended that the government act as a facilitator, drawing in the complementary private investment that AI requires while limiting the employment shock and distributional damage that come with it. In the short term, the report called for expanded support for job redesign and retraining in highly exposed occupations. It also urged the government to lower the entry barrier for small and midsize firms by operating public cloud services and shared GPU centers, and to build a data-sharing platform. Over the longer term, KDI proposed spreading labor-complementing AI solutions through public services and establishing sector-by-sector AI governance frameworks. "We need to run a tripartite consultative body of labor, management and government centered on highly exposed professional occupations to discuss job transitions and wage systems," Nam explained, adding that the social safety net should be strengthened, including by closing the gaps in unemployment benefits that will widen as AI increases non-standard work. 2026-07-22 14:06:58 -
EnGen Bio Shares Surge for Second Day on Blood Cancer Diagnostic Panel Expansion EnGen Bio has seen its shares rise for the second consecutive day following news of an expanded supply of its blood cancer diagnostic panel.As of 1:56 PM on July 22, EnGen Bio's stock was trading at 2,370 won, up 545 won (29.86%) from the previous trading day. This marks a continuation of the stock's rise to the daily price limit.The surge in stock price is attributed to the announcement that the 'HEMEaccuTest' blood cancer diagnostic panel has begun being supplied to Bundang Seoul National University Hospital.The company stated, "The blood cancer diagnostic business is expanding its clinical application scope, focusing on major general hospitals in South Korea," and confirmed the start of supply to Bundang Seoul National University Hospital.EnGen Bio is currently supplying the HEMEaccuTest to over 20 major general hospitals in South Korea, including Seoul St. Mary's Hospital and the main branch of Seoul National University Hospital. This supply will not only expand domestic clinical references but also broaden its supply network in international markets such as Singapore, Vietnam, Colombia, Germany, and Romania.The blood cancer panel business continues to show growth. According to EnGen Bio, the blood cancer panel business has grown at an average annual rate of 36% over the past five years, with domestic sales increasing by 38% and international sales by 102% in the first quarter of this year compared to the same period last year.EnGen Bio emphasized, "We will continue to expand our supply to major hospitals in South Korea and target the global market based on our comprehensive diagnostic portfolio that covers everything from blood cancer diagnosis to relapse monitoring."* This article has been translated by AI. 2026-07-22 14:04:00