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  • Integrated Military Academy Expands Options for Students Amid Admission Uncertainties
    Integrated Military Academy Expands Options for Students Amid Admission Uncertainties The government is moving forward with plans to integrate the Army, Navy, and Air Force academies, bringing new changes to the college admission landscape. This initiative is expected to provide students with more time to explore their aptitudes, alleviating the pressure of having to choose a military branch during high school. However, experts point out that the increased uncertainty stemming from a complete overhaul of the admission system and the potential for students to drop out if assigned to an unwanted military branch are challenges that need to be addressed. On July 16, the government and ruling party announced a comprehensive plan for the establishment of the Integrated Military Academy and the relocation of the Army Academy to Daejeon. This announcement has complicated the calculations for students and parents alike. The launch of the Integrated Military Academy presents a positive aspect for students, as it broadens their options at the admission stage. Previously, students were required to specify their military branch based on scores and limited information during high school. Under the new system, they will have the opportunity to decide on their military branch after considering their skills and aptitudes. Additionally, the advantages of stable officer commissions and employment opportunities in defense-related industries suggest that the likelihood of a significant drop in applicants is low, according to industry experts. However, admission specialists predict that the drastic changes to the selection system will inevitably lead to confusion among students in the short term. Lim Sung-ho, head of Jongno Academy, noted, "This year is the last under the existing system, so it could impact this year's admissions process as well." Lim also expressed concern about the current lack of transparency regarding competition rates and acceptance scores for military academies, stating, "With the selection process undergoing a complete overhaul, the uncertainty surrounding admissions has significantly increased." The structural issues that may arise during the assignment of majors (military branches) after admission also need to be considered. Lim pointed out, "Similar to students in general universities who face dropout risks when assigned to unwanted majors, students at the Integrated Military Academy may also drop out or avoid applying if they are assigned to a military branch they did not desire." While there are no limits on the number of applications to military academies, there is a possibility that the rate of students ultimately choosing general universities over military academies may increase if they receive offers from both. The relocation of the Army Academy to Daejeon is also seen as a variable that could impact admissions. For the 2027 academic year, the total number of selections across the three military academies is set at 735, with the Army Academy accounting for 330 (44.9%) of the total. Lim indicated, "Since the Army Academy selects the most candidates but is moving from Seoul to a regional location, this geographic change could have a negative impact on its desirability, which has previously benefited from its location in the capital region." While the integration of military academies aims to cultivate outstanding defense talent, the rapid changes in the selection system and the difficulty in predicting acceptance scores present challenges. Admission experts advise students aiming for military academy enrollment to closely monitor these changes and prepare for the admissions process with ample time.* This article has been translated by AI. 2026-07-18 10:04:00
  • Lotte World Hosts Nighttime Escape Game Featuring Korean Monsters
    Lotte World Hosts Nighttime Escape Game Featuring Korean Monsters Imagine a theme park plunged into darkness at 10 p.m. after all guests have left. The colorful lights of the carousel are extinguished, casting eerie shadows, while a cool breeze sweeps over the towering Magic Castle. What would it feel like if mysterious footsteps echoed in the silence?This summer, an unusual thriller is set to unfold. Lotte World Adventure has partnered with the local community platform Carrot to host a 'Nighttime Escape Game' for just 10 adventurers.◆ A Dark Adventure Awaits, with Only One RuleThe nighttime chase will take place on Monday, July 27, from 10 p.m. to 1 a.m. across the darkened adventure park.Participants are allowed only one companion to rely on. Five teams of two will navigate the expansive park shrouded in darkness, searching for hidden clues to complete their escape mission.However, more important than solving the mission is 'survival.' Currently, Lotte World is hosting a K-horror themed festival titled 'Unsealing: Monster Mayhem,' where monsters, released from their seals due to a mishap by the park's mascot, Roti, have taken over various areas of the park. As participants carry out their missions, they will face unexpected encounters with 'Korean-style monsters,' leading to heart-pounding chases. The overwhelming atmosphere of the dark theme park, combined with the realistic monster disruptions, will allow participants to fully experience the thrilling terror of a summer night.◆ Sweet Escape Rewards, Including Transportation CostsThose who endure the night of horror will be rewarded with generous prizes.All 10 participants who attempt the escape will receive an annual pass to Lotte World Adventure, along with exclusive 'K-horror' limited edition merchandise available only this season. Additionally, transportation support will be provided in the form of Carrot Money to ensure a safe return home late at night.Even if you are not selected as one of the final 10, there is no need to be disappointed. A separate lottery will be held for those who applied but were not chosen, with a total of 20 invitations to Lotte World Adventure to be given away.◆ “Want to Join Me?” A Fierce Competition for Just Five TeamsIf you want to join the hide-and-seek game with the monsters, you need to quickly recruit a partner.Applications will be accepted until 6 p.m. on Wednesday, July 22, through the 'Meetings' section of the Carrot app. After joining the meeting page, participants can tag a friend to face the nighttime horror together and share their unique challenge stories.The final list of the five selected teams (10 participants) will be announced individually on July 23. Even if you miss the chance for the nighttime escape, encounters with the monsters will still be possible. Lotte World plans to transform the Meeting Square into a bizarre 'Monster Village' until August 30, featuring various experiential spaces and new performances to send chills down visitors' spines.* This article has been translated by AI. 2026-07-18 10:04:00
  • Competition for Influenza Vaccine Prices in the 8000 Won Range: K-Vaccine R&D Cycle is Key
    Competition for Influenza Vaccine Prices in the 8000 Won Range: K-Vaccine R&D Cycle is Key This year, the procurement price for the national influenza vaccine under the National Immunization Program (NIP) has settled in the 8000 won range, intensifying the competitive landscape within the domestic vaccine industry. While industry players feel compelled to participate for the sake of public health and security, there are concerns that ongoing price reductions could impact the research and development (R&D) cycle.According to the Public Procurement Service on July 18, six companies, including SK Bioscience, GC Green Cross, Korea Vaccine, Sanofi Pasteur Korea, Boryung Biopharma, and Ilyang Pharmaceutical, were awarded contracts for the procurement of influenza vaccines for the 2026-2027 season.The bidding process was conducted as a 'competitive bidding for desired quantities,' where companies that offered the lowest prices below the expected price set by the Korea Disease Control and Prevention Agency (9690 won) were allocated their desired quantities. SK Bioscience secured the largest share of 2.7 million doses at 8851 won, followed by GC Green Cross (8920 won), Korea Vaccine (8952 won), Sanofi Pasteur Korea (8965 won), Boryung Biopharma (9005 won), and Ilyang Pharmaceutical (9199 won). Compared to last year's contract prices for the trivalent vaccine (9339-9660 won), this year's prices have decreased by about 5%.The industry views the shift to a trivalent influenza vaccine as a factor contributing to the overall decline in market prices. However, since the NIP is a public health initiative, the focus is more on stable supply rather than profitability.Given the short shelf life and significant inventory burden associated with vaccines, maintaining a stable public supply is crucial for sustaining production capabilities. Jeong Yoon-taek, director of the Pharmaceutical Industry Strategy Research Institute, noted that despite low profitability, companies find it difficult to abandon the NIP due to factors such as factory operations, fixed costs, inventory management, connections to the non-reimbursable market, and building trust with the government. He explained, "Even abroad, programs like the CDC's childhood vaccination program in the U.S. procure at low prices, highlighting the importance of large-scale supply."Industry insiders also express concerns about the pressures of excessively low bid prices. One industry representative stated, "Companies with established facilities find it hard to exit this market, which operates under national plans. While we continue to participate for the sake of public health, there are certainly challenges from a business perspective."There is a perspective that prolonged price competition could adversely affect the R&D cycle of private companies. Although current prices are not at a loss level, a realistic price framework is necessary to sustain the R&D cycle in the vaccine market. Another industry representative remarked, "In pharmaceuticals, development costs often exceed production costs, so a certain level of profit is essential for reinvesting in research."There are also calls for a policy framework that can share the risks associated with adverse reactions during the vaccination process. Institutional support considering public interest and a control tower capable of coordinated responses are essential for ensuring long-term R&D investment.Seong Baek-rin, head of the Vaccine Practical Technology Development Project, emphasized the need for a policy foundation to support the stable development and supply of domestic NIP vaccines. He stated, "Vaccines are a strategic area directly linked to national health security, so it is crucial that government policy support does not wane due to circumstances. Establishing a pre-purchase agreement system led by the government and providing incentives for domestically developed vaccines are vital."* This article has been translated by AI. 2026-07-18 10:04:00
  • Banks Ramp Up Currency Exchange Promotions Ahead of Summer Travel
    Banks Ramp Up Currency Exchange Promotions Ahead of Summer Travel Banks are intensifying their customer acquisition efforts as the summer vacation season approaches.According to the financial sector on July 18, KB Kookmin Bank will launch a promotional event titled 'Exchange Yay! Exchange and Get Prizes at Incheon Airport!' from July 20 through the end of August.Customers who exchange foreign currency at KB Kookmin Bank branches or exchange offices at Incheon International Airport will receive a travel luggage tag, with the first 3,000 customers eligible. This offer is available to those who exchange at least $100 worth of five currencies, including the Vietnamese dong, Thai baht, New Taiwan dollar, Chinese yuan, and Philippine peso, through KB Star Banking or internet banking.Toss Bank has extended its fee waiver for international remittances until the end of the year. In addition to the existing seven currencies, it has added three more—Japanese yen, Vietnamese dong, and Thai baht—bringing the total to ten currencies available for remittance. This strategy aims to enhance convenience for international travelers, expatriates, and students studying abroad.Domestic travel promotions are also ongoing. NH NongHyup Bank is conducting a 'Summer Vacation Support' event for NH All-One Bank customers. Customers who comment on their preferred vacation type or destination will be entered into a drawing for prizes, including All Tour gift certificates, hotel vouchers, fuel cards, and NH points.The banking sector is ramping up travel marketing as the summer vacation season leads to increased foreign exchange transactions, including currency exchange and international remittances.By attracting customers through digital channels for currency exchange and remittances, banks hope to expand their business in savings, loans, credit cards, and foreign exchange services.* This article has been translated by AI. 2026-07-18 10:04:00
  • Samsungs rebate drive sparks estimated $2.9 bln sales, doubles voucher payout
    Samsung's rebate drive sparks estimated $2.9 bln sales, doubles voucher payout SEOUL, July 18 (AJP) - Samsung Electronics' nationwide rebate campaign, launched as part of its pledge to share the benefits of its semiconductor windfall with the public, generated an estimated 4 trillion won ($2.9 billion) in sales, industry estimates showed Friday, prompting the company to more than double the value of vouchers it plans to distribute. Samsung is expected to issue more than 800 billion won ($580 million) worth of digital Onnuri gift certificates under the campaign, up from its original budget of 400 billion won, according to industry estimates. As customers received vouchers worth 20 percent of their purchases, the payout implies total sales of around 4 trillion won during the promotion. The "Samsung Electronics Appreciation Festival" ran from June 8 to July 5 across more than 1,000 online and offline retail channels, including Samsung stores, electronics retailers, hypermarkets and e-commerce platforms. Customers who purchased eligible Samsung products received digital Onnuri gift certificates worth 20 percent of their spending, while military personnel, police officers, firefighters and correctional officers were offered benefits equivalent to 30 percent. Rather than offering direct discounts, Samsung chose to provide Onnuri gift certificates — which can be used at traditional markets and small local businesses — in an effort to extend the economic benefits beyond consumers to regional merchants. The campaign forms part of Samsung's commitment to invest 5 trillion won over the next five years in social contribution initiatives following last month's wage agreement with its labor unions. The company said the fund would support shared growth, a healthier industrial ecosystem and talent development. The stronger-than-expected response has also created supply bottlenecks. Some unlocked Galaxy S26 Ultra models are reportedly facing delivery waits of about one month due to inventory shortages, while shipments of certain televisions and personal computers have also been delayed. Samsung said it is increasing production of the Galaxy S26 series and prioritizing deliveries to ensure customers receive eligible products by Sept. 5, the deadline for qualifying for the rebate program. Applications for the digital Onnuri gift certificates can be submitted through Samsung's website until Sept. 30 after customers receive or install their purchases. Samsung did not disclose official sales figures for the campaign but said it would continue to fulfill its responsibilities as a company that grows together with society through initiatives that meet public expectations. 2026-07-18 09:43:40
  • Gas Prices Drop for Ninth Consecutive Week Amid Rising International Oil Prices
    Gas Prices Drop for Ninth Consecutive Week Amid Rising International Oil Prices Gas prices at stations across South Korea have fallen for the ninth consecutive week, but the decline has slowed significantly due to rising international oil prices amid ongoing tensions between the U.S. and Iran. As international prices increase, domestic fuel costs are expected to rise in the near future.According to the Korea National Oil Corporation's oil price information system, Opinet, the average price of gasoline at nationwide stations for the third week of July (July 12-16) was 1,877.5 won per liter, down 15.5 won from the previous week.While gasoline prices have continued to decline for nine weeks, the rate of decrease has significantly narrowed compared to the previous week's drop of 59.1 won. Regionally, Jeju reported the highest price at 1,914.8 won per liter, while Daegu recorded the lowest at 1,850.1 won.The average price of diesel also fell, decreasing by 17.7 won to 1,862.5 won per liter. However, this decline is much less steep than the previous week's drop of 62.3 won.International oil prices have reversed course this week, driven by increased market anxiety due to ongoing military clashes over control of the Strait of Hormuz between the U.S. and Iran.The price of Dubai crude, a benchmark for imported oil, rose by $9.5 to $77.6 per barrel. International gasoline prices increased by $9.3 to $104.2 per barrel, while international diesel prices surged by $22.7 to $144.3 per barrel.Changes in international oil prices typically affect domestic fuel prices with a lag of 2 to 3 weeks. Therefore, if the recent rise in international oil prices continues, domestic fuel prices may also begin to increase.Meanwhile, the government implemented the seventh maximum oil price on June 27, reducing gasoline prices to 1,784 won per liter, diesel to 1,773 won, and kerosene to 1,380 won, each by 150 won.* This article has been translated by AI. 2026-07-18 09:28:00
  • Investors Turn to Covered Call ETFs Amid Market Volatility
    Investors Turn to Covered Call ETFs Amid Market Volatility As volatility in the domestic stock market intensifies, individual investors are flocking to covered call exchange-traded funds (ETFs) that offer the potential for stable cash flow. There is a noticeable shift towards investment strategies that prioritize monthly distributions and volatility defense over short-term capital gains.According to Koscom ETF Check on July 18, the 'KODEX 200 Covered Call Active' ranked second among retail investors in net purchases over the past week, with individuals buying a net total of 146.1 billion won. The 'TIGER Dividend Covered Call Active' also saw an inflow of 36.5 billion won, placing it ninth.Other covered call ETFs also experienced steady buying interest. The 'KODEX U.S. Dividend Covered Call Active' ranked 11th with 30.2 billion won, while the 'TIGER U.S. Nasdaq 100 Target Daily Covered Call' was 13th with 27 billion won. The 'KODEX 200 Target Weekly Covered Call' and 'RISE Korea Value Up Weekly Fixed Covered Call' also made the top 20 in net purchases, indicating a broadening demand for covered call strategies rather than a concentration on specific products.This trend is seen as a response to the recent extreme fluctuations in the stock market. According to the Korea Exchange, the KOSPI index has experienced daily fluctuations exceeding 4% on six out of 11 trading days this month. On July 13, the index fell to the 6,800 level, recording a daily volatility of -8.95%. The KOSPI 200 Volatility Index (VKOSPI) has remained above 80 on all but one day since July 10, reflecting ongoing market anxiety.Covered call ETFs employ a strategy of holding underlying stocks while selling call options on those assets to secure option premiums. Asset management firms distribute regular dividends to investors from stock dividends and option sale profits. This strategy offers the advantage of potentially offsetting losses with option premiums, providing a relatively stable cash flow during sideways or bearish markets.Experts believe that the effectiveness of covered call strategies may increase in the current market environment. Park Woo-yeol, a researcher at Shinhan Investment Corp, noted in a recent report that the structure of covered call ETFs distributing call option sale premiums on a monthly basis is a relatively recent development. He explained that covered call strategies are particularly effective during periods of market stagnation or mild downturns.As investor interest grows, asset management firms are also accelerating the expansion of their related product lineups. In the past month, four new covered call ETFs have been launched. Kiwoom Investment Management introduced the 'KIWOOM KOSDAQ 150 Covered Call Active' ETF, which aims for both KOSDAQ 150 growth and monthly distributions. Hanwha Asset Management launched the 'PLUS 200 Covered Call Active' and 'PLUS 200 Weekly Covered Call Bond Mixed' ETFs. Korea Investment Trust Management also entered the market with the 'ACE High Dividend Plus Covered Call Active' ETF.However, covered call ETFs are not advantageous in all market conditions. Due to the nature of the option selling strategy, they may not fully benefit from strong bull markets, potentially resulting in lower returns compared to standard equity ETFs. While they can excel in highly volatile environments, investors are advised to consider their investment goals and market conditions when selecting products, as potential returns may be limited in sustained bull markets.* This article has been translated by AI. 2026-07-18 09:04:00
  • Labofes Phenelagen Mask Offers Emergency Hydration for Dull Skin
    Labofe's Phenelagen Mask Offers Emergency Hydration for Dull Skin With the weather fluctuating, skin conditions can also become unpredictable. Exposure to strong sunlight and sudden rain outdoors, combined with constant air conditioning indoors, has led to an increase in skin concerns.A go-to product for skin worries these days is Labofe's 'Phenelagen Lifting Hold Cream Mask.' Developed by the domestic startup Starstech, which focuses on eco-friendly technology using starfish, this product contains starfish collagen to provide both hydration and elasticity.While starfish are often considered invasive species in marine ecosystems, they possess remarkable regenerative abilities. Even if part of their body, like a limb, is damaged, they can regenerate. Starstech has developed 'Phenelagen,' which incorporates nano-delivery technology to deeply penetrate the skin with collagen extracted from starfish, and this product includes that innovation.The development story of this product is intriguing. Upon opening the package, it captures attention. Unlike typical thin sheet masks, it uses a urethane-coated fabric that adheres closely to the face and stays in place once applied. The sheet is divided into upper and lower sections, with the lower part designed to lift the jawline.The mask is filled with a rich, concentrated cream ampoule that does not run, which is an added benefit. The inside of the sheet remains moist, while the outside is not sticky, preventing hair from sticking to it. This allows for comfortable use while doing household chores or using a phone.After wearing it for about 20 minutes, I immediately felt my skin was more hydrated. It wasn't just surface-level moisture; it felt like my skin was deeply replenished. True to its collagen content, my skin appeared firmer, and my jawline looked slightly more defined.According to the product description, Phenelagen achieves a skin absorption rate up to 2,392 times higher than regular collagen. It has also been certified by the Ministry of Food and Drug Safety for its dual functionality in whitening and wrinkle improvement. Perhaps that's why I noticed a more significant effect on days when I had extensive external engagements or late-night work that left my skin particularly dull.During the summer, when extreme heat and heavy rain are common, skin can easily become fatigued. If you're looking for a hassle-free way to address both hydration and elasticity, this product is worth trying.* This article has been translated by AI. 2026-07-18 09:04:00
  • Samsung Fire & Marine and Gangbuk Samsung Hospital Collaborate on Chronic Disease Prevention Model
    Samsung Fire & Marine and Gangbuk Samsung Hospital Collaborate on Chronic Disease Prevention Model Samsung Fire & Marine Insurance is partnering with Gangbuk Samsung Hospital to develop a healthcare model aimed at predicting and managing the risks of chronic diseases.On July 18, the financial institution announced the establishment of the 'Life Care Innovation Center' in collaboration with Gangbuk Samsung Hospital during an opening ceremony held at its headquarters in Seocho-gu, Seoul. Key officials from both sides, including Samsung Fire & Marine President Lee Mun-hwa and Gangbuk Samsung Hospital Director Shin Hyun-cheol, attended the event.This center's establishment follows a memorandum of understanding signed by both parties in March. The goal is to create healthcare services that not only provide post-treatment coverage but also prevent chronic diseases and manage them continuously.Both organizations plan to jointly develop chronic disease management solutions centered around the center, utilizing Gangbuk Samsung Hospital's medical infrastructure for service validation and commercialization.In particular, the center will combine Gangbuk Samsung Hospital's over 40 years of accumulated clinical data from health checkups and cohort research capabilities with Samsung Fire & Marine's experience in healthcare service operations. They aim to comprehensively analyze customers' health conditions and lifestyles to detect disease risks early and provide personalized health management services.Lee Mun-hwa, President of Samsung Fire & Marine, stated, “We will evolve into a total life care platform that goes beyond economic protection after accidents to prevent and manage health risks for our customers.”* This article has been translated by AI. 2026-07-18 09:04:00
  • Seoul Issues Flood Warnings Amid Heavy Rainfall
    Seoul Issues Flood Warnings Amid Heavy Rainfall Severe rain overnight has prompted flood warnings in the Gangseo, Eunpyeong, and Mapo districts of Seoul. Rising water levels in the Jungnangcheon River have led to the closure of several roads and river access points, including the Dongbu Expressway.As of 7:30 a.m. on July 18, the city reported flood warnings in Gangseo, Eunpyeong, and Mapo. Flood advisories are also in effect for Mapo and Yangcheon.Flood warnings are issued when rainfall exceeds 50 mm per hour or accumulates to more than 90 mm over three hours. Flood advisories are issued when rainfall is expected to exceed 55 mm per hour or 20 mm within 15 minutes.Heavy rain overnight caused rapid increases in river levels. The Han River Flood Control Center issued a flood alert at 4:50 a.m. for the Mokgamcheon River at the Neobudaegyo Bridge, advising residents in low-lying areas to prepare for potential flooding.The Korea Forest Service has raised the landslide alert level to 'caution' across the metropolitan area, while Eunpyeong District issued a landslide warning and Dobong District issued a preliminary landslide alert. Mapo District has restricted access to forested areas and urged residents to be vigilant for signs of landslides.Road closures followed as well. At 5:37 a.m., the Dongbu Expressway was fully closed in both directions between the Surak Underpass and Seongsu Junction due to rising water levels in the Jungnangcheon River. Additionally, a vehicle fire inside the Yongma Tunnel in Jungnang District at 6:53 a.m. further blocked traffic.As of now, a total of 120 reports of damage related to the rain have been received. The majority of these, 89, were requests for drainage assistance, followed by 27 for safety measures on facilities and 4 for fallen trees.As of 7:30 a.m., access to 29 rivers in the city has been restricted. Vehicle traffic is limited on four roads, including the area under the Jeungsan Bridge and the Hangju Bridge, as well as the Dongbu Expressway and Garam-gil. Twenty rainwater pumping stations are partially operational.Since the heavy rain warning was issued at 3:40 a.m., the Seoul Disaster and Safety Countermeasures Headquarters has activated its second stage of emergency response. This has mobilized 6,642 city and district officials to monitor vulnerable areas such as rivers, low-lying regions, and drainage systems, as well as to enhance monitoring of at-risk individuals.The Korea Meteorological Administration issued a heavy rain advisory for all of Seoul at 1 a.m. and upgraded it to a warning focused on the southwestern and northwestern areas at 3:40 a.m. The heavy rain warning was lifted at 7:30 a.m. Forecasts indicate that Seoul could receive between 100 to 200 mm of rain over three days, with some areas potentially exceeding 300 mm.* This article has been translated by AI. 2026-07-18 09:00:00