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  • Democratic Party Fails to Reach Conclusion on Preferred Voting System
    Democratic Party Fails to Reach Conclusion on Preferred Voting System The Democratic Party has once again failed to reach a conclusion on whether to implement a preferred voting system for the party leader election at the upcoming August 17 convention. The planned Supreme Council meeting for further discussion was also canceled, highlighting ongoing internal disagreements regarding the voting method.According to Yonhap News, the party discussed the preferred voting system during a Supreme Council meeting on the morning of July 10 but could not come to a decision.Kang Jun-hyun, the party's chief spokesperson, told reporters after the meeting, "We were unable to reach a conclusion regarding the election method for the party leader and Supreme Council members, as well as the election method for the youth Supreme Council member. While a time has not been set, we plan to hold another Supreme Council meeting tonight to make a decision."As a result, the leadership intended to convene the Supreme Council around 9 p.m., but the Democratic Party notified reporters about 30 minutes before the scheduled start that the meeting would not take place.The preferred voting system allows voters to rank candidates in order of preference on their ballots. If no candidate receives a majority of the votes, the votes for the lowest-ranked candidate are redistributed to the second-choice candidates of those who voted for the eliminated candidate, ultimately determining the winner.Previously, the Preparatory Committee for the Convention had decided to introduce the preferred voting system for the party leader election. However, concerns were raised by the camp of Jung Cheong-rae, a candidate for the party leadership, who argued that it could violate party rules and regulations, prompting the leadership to revisit the issue. Decisions made by the Preparatory Committee are finalized after passing through the Supreme Council and the Party Affairs Committee.* This article has been translated by AI. 2026-07-10 21:28:00
  • President Lee Orders Full Mobilization of Resources to Address Heavy Rain Damage
    President Lee Orders Full Mobilization of Resources to Address Heavy Rain Damage President Lee Jae-myung urged government agencies and local authorities on July 10 to fully mobilize available resources to prevent loss of life due to the recent heavy rains.In a post on his Facebook page, President Lee stated, "This summer has seen the heaviest rainfall, leading to flooding and tragic loss of life. I extend my condolences to all citizens affected by these unexpected incidents."He emphasized, "There is no such thing as overreacting when it comes to protecting the lives of our citizens," and called for all efforts to ensure that citizens can return to their homes as quickly as possible to prevent further damage.President Lee also noted, "Forecasts indicate more rain next week, and after the monsoon, a heatwave is expected. As climate change makes weather predictions increasingly difficult, proactive disaster response from the government is more important than ever."He expressed gratitude and encouragement to frontline public officials who are leading efforts in damage prevention and recovery, reiterating the importance of their safety.According to the Central Disaster and Safety Countermeasure Headquarters, as of 5 a.m. on the same day, one person was reported missing due to the heavy rains, and a total of 453 facilities were damaged, including 359 public facilities and 94 private properties.* This article has been translated by AI. 2026-07-10 20:52:00
  • SK hynix announces ADR IPO pricing
    SK hynix announces ADR IPO pricing SEOUL, July 10 (AJP) - Shares of SK hynix are displayed on an electronic board at Hana Bank’s dealing room in central Seoul on July 10, 2026, after the company announced that it had finalized the initial public offering price of its American depositary receipts at $149 per share, or approximately 225,000 won. 2026-07-10 20:45:51
  • President Lee Meets Mongolian Prime Minister, Emphasizes Economic and Mineral Cooperation
    President Lee Meets Mongolian Prime Minister, Emphasizes Economic and Mineral Cooperation During his state visit to Mongolia, President Lee Jae-myung met with Mongolian Prime Minister L. Otsrul on July 10, urging the implementation of agreements made during the previous day's Korea-Mongolia summit regarding economic exchanges, mineral cooperation, and defense industry collaboration.According to Yonhap News, President Lee expressed his satisfaction at the prospect of Korea and Mongolia entering a new era, stating, "I hope we can create a golden age for Korea-Mongolia relations as President Khurelsukh mentioned."He added, "Since you oversee the practical aspects, I hope you will take good care of the various agendas agreed upon by the two leaders yesterday, particularly in the areas of economic exchanges, mineral cooperation, and defense industry collaboration."In response, Prime Minister Otsrul assured, "I will instruct the relevant ministers to ensure that the agreements reached during the summit are effectively implemented."Otsrul also recalled hosting a Mongolia-Korea economic forum while he was Deputy Prime Minister, where he met with experts in fields such as artificial intelligence, information technology, and rare earth elements. He noted discussions about initiating exchanges between the Mongolian state-owned enterprise 'Erdenes Mongolia' and South Korea's POSCO.He emphasized the importance of Mongolia utilizing South Korean technology to process and produce its mineral resources in the future.* This article has been translated by AI. 2026-07-10 20:36:00
  • President Lee Meets with Mongolian Speaker and Prime Minister to Discuss Cooperation
    President Lee Meets with Mongolian Speaker and Prime Minister to Discuss Cooperation President Lee Jae-myung met with Mongolian Speaker of Parliament Sandak Byambatseren and Prime Minister L. Otsral on July 10, urging for enhanced cooperation between the two countries.During a meeting with Speaker Byambatseren at a hotel in Ulaanbaatar, President Lee emphasized the importance of the parliament's role. He stated, "I hope that the recent summit with President Ukhnaagiin Khurelsukh will lead to a deeper relationship between Korea and Mongolia. I ask that you take a special interest in and support the development of Korea-Mongolia relations."Speaker Byambatseren noted, "Many Mongolian citizens are living abroad, with over 60,000 residing in Korea. The contributions of Mongolian nationals in Korea to our economy are significant."In his meeting with Prime Minister Otsral, President Lee remarked, "As you oversee practical matters, I hope you will manage the various agendas we agreed upon yesterday, particularly in economic exchanges, mineral cooperation, and defense industry collaboration."Prime Minister Otsral referenced his experience as the chief representative for the Comprehensive Economic Partnership Agreement (CEPA), stating, "It is important for Mongolia to create opportunities to process and produce mineral resources using Korean technology."He expressed his appreciation for the signing of over 20 documents between the two governments and institutions during the state visit, promising to direct relevant ministers to implement the agreements discussed in the summit.Additionally, President Lee will attend a state dinner hosted by President Khurelsukh that evening, alongside 40 prominent business leaders. Chief Presidential Spokesperson Kang Yu-jeong stated at a local press briefing, "The attendance of business leaders at the state dinner is expected to strengthen economic cooperation between the two countries."The dinner will feature dishes such as smoked salmon, beef tongue appetizers, tomato and pepper cream soup, grilled halibut fillet, braised beef, and Marquise chocolate cake.Cultural performances will include the song 'Twenty-Eight,' written by President Lee and composed by Yoon Il-sang, as well as a traditional dance by the National Arts University’s Korean Music Ensemble.* This article has been translated by AI. 2026-07-10 20:32:00
  • China Imposes Export Controls on Helium, Key Material for Semiconductors
    China Imposes Export Controls on Helium, Key Material for Semiconductors The Chinese government has implemented export controls on helium, a critical material used in semiconductor production.On July 10, the Ministry of Commerce and the General Administration of Customs announced a temporary export ban on helium. The agencies stated that the measure is in accordance with regulations related to China's foreign trade law, but they did not disclose specific reasons for the implementation or the duration of the ban.The ban took effect immediately upon announcement.The Ministry of Commerce and the General Administration of Customs indicated that further adjustments would be announced through separate notifications.Helium is a vital material used as a coolant in semiconductor and display manufacturing processes, and it is classified as a strategic commodity utilized across advanced industries.Market analysts suggest that China's inclusion of helium in its export controls, following previous restrictions on rare earths and other strategic materials, indicates an expansion of its management of strategic commodities.* This article has been translated by AI. 2026-07-10 19:40:00
  • JoongAng Ilbo Begins Workout Process Amid Liquidity Crisis
    JoongAng Ilbo Begins Workout Process Amid Liquidity Crisis JoongAng Ilbo, facing a liquidity crisis, has initiated a corporate restructuring process (workout).According to Yonhap News on July 10, the main creditor bank, Hana Bank, along with other financial creditors, held the first meeting and agreed in writing to commence the workout process for JoongAng Ilbo.Under relevant laws, a workout can begin if creditors holding more than three-quarters of the total financial claims agree. During the meeting, approval exceeding 75% based on bond amounts was secured by 6 PM, confirming the workout.As a result, the creditors' claims will be suspended for three months, allowing JoongAng Ilbo to avoid court-led corporate rehabilitation procedures.JoongAng Ilbo plans to undergo an audit by an accounting firm and establish a management normalization plan, which will be implemented with creditor approval.Previously, due to the management crisis at JoongAng Group, the company's credit rating declined, and liquidity issues worsened, prompting JoongAng Ilbo to apply for a workout on June 19.In contrast to five affiliates of JoongAng Group, including JTBC, JoongAng Holdings, Contentree JoongAng, Megabox JoongAng, and JoongAng P&I, which filed for corporate rehabilitation, JoongAng Ilbo has pursued a workout, stating, "We will resolve temporary liquidity issues and improve our financial structure through discussions with creditors."The self-rescue plan submitted by JoongAng Ilbo includes measures such as generating operating cash flow through stringent cost reductions, selling owned real estate, and divesting management rights.Notably, JoongAng Ilbo has indicated plans to sell management rights held by the founding family, engaging in discussions with multiple potential buyers.Currently, JoongAng Ilbo's largest shareholder is JoongAng Holdings, which holds a 64.7% stake. The shares are owned by the founding family, including Hong Jeong-do (55.8%), Hong Jeong-in (37.2%), and Hong Seok-hyun (7.0%).* This article has been translated by AI. 2026-07-10 19:16:00
  • Korea Launches Moving Target Approach for Physical AI R&D Project
    Korea Launches 'Moving Target' Approach for Physical AI R&D Project The South Korean government is implementing a 'moving target' approach for its Gyeongnam and Jeonbuk Physical AI research and development (R&D) project, part of a larger mega project. This strategy allows executing agencies to propose adjustments to their plans based on detected technological changes.The Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA) held a briefing on the '2026 Gyeongnam and Jeonbuk Physical AI R&D Project' on July 10 at Nuri Dream Square in Mapo-gu, Seoul.A NIPA official stated, "If the direction of technology changes, we cannot simply follow the existing plan. If the proposed moving target operation method is deemed feasible, we will allow changes to the execution plan after selection." The official added, "If adjustments to the budget or participating organizations are necessary due to the moving target, we will present the issue to the project consultation body for review and incorporate feedback into the execution plan if consensus is reached."The government's decision to adopt this method stems from the fact that physical AI has been around for less than two years. This reflects the rapidly changing research landscape, as technologies that seem promising at the start of the project may lose competitiveness by its conclusion. The NIPA official explained, "The aim is to operate the rigid execution plans of existing national R&D more flexibly."As a result, participating consortia must propose a system to continuously track technological trends through papers, technical reports, news, and researcher communities. They must also outline how they will adjust models, research methods, and organizational structures in response to confirmed technological changes. The NIPA official emphasized, "The specificity of the moving target response system will impact the project selection evaluation in the future."The Gyeongnam and Jeonbuk Physical AI R&D projects focus on different areas. Gyeongnam aims to establish an environment where humans and AI collaborate in manufacturing facilities that are already operational. The project involves collecting the know-how of skilled workers and equipment data from existing manufacturing processes and developing physical intelligence behavior models and world models by combining this data with synthetic data reflecting physical laws.In contrast, the Jeonbuk project focuses on the integrated operation of unmanned factories with minimal human intervention. Rather than developing individual robots like humanoids or grippers, the project will create a software-defined factory (SDF) and operational control system (OCS) that connects multiple robots, equipment, sensors, and logistics systems.Additionally, the project plans to establish a joint research and development center, a neural processing unit (NPU) technology verification station, and a physical AI verification meta-factory to validate unmanned factory technologies. The long-term goal is to develop a Korean reference model capable of exporting at the factory level.However, concerns have been raised that the centralized project structure may pose barriers to entry for small and medium-sized enterprises (SMEs). Companies with the technical capability to execute detailed tasks must still form large consortia with a lead organization and other participants. One company representative at the briefing remarked, "While we have the technical expertise for specific tasks, the burden of forming a consortium for the lead project is significant. Are there opportunities for connecting institutions that can take on the lead role?"In response, NIPA officials stated, "We are currently unaware of which consortia are being prepared and direct support for formation is difficult. We encourage finding collaborative partners through regional technoparks and the Physical AI Alliance."Meanwhile, major companies such as Naver Cloud, Megazone Cloud, LG CNS, KT, and Siemens, along with AI firms like Persona AI, Real World, Flitto, and Aim Intelligence, attended the event. The project announcement will be open until July 28, with the application period running from July 17 to 3 p.m. on July 28. NIPA plans to conduct evaluation presentations from August 5 to 7 and select executing agencies by the end of August to commence research and development.* This article has been translated by AI. 2026-07-10 18:56:00
  • Instax Mini 13: A New Era of Instant Photography
    Instax Mini 13: A New Era of Instant Photography Despite advancements in smartphone cameras, the unique charm of analog photography remains unmatched. The tactile sensation of pressing the shutter and the thrill of watching the film emerge with a satisfying sound are experiences exclusive to instant cameras. Fujifilm Korea recently launched the Instax Mini 13 on June 26, enhancing the analog experience. As the latest addition to the Instax Mini series, which has surpassed 100 million units sold worldwide, I took the Mini 13 for a test shoot. I also visited a pop-up store at Yongsan I-Park Mall to fully experience the camera's diverse features. Distinct from the Mini 12: The Freedom of the First Self-Timer Upon first holding the Instax Mini 13, the most noticeable change was its design. The previous model, the Mini 12, had a flatter, more angular look. In contrast, the new model features a smoother, rounded "3D design" that fits comfortably in one hand, making it easy to carry for extended periods. Available in five stylish pastel colors—Candy Pink, Frost Blue, Clay White, Lagoon Green, and Dreamy Purple—the Mini 13 doubles as a fashionable accessory. Functionally, the Mini 13 introduces significant innovations, including the first-ever self-timer feature in the Instax Mini series. One of the drawbacks of instant film cameras has been the need for someone else to take the photo or the slight shake caused by pressing the shutter for selfies. However, the Mini 13 offers two self-timer modes: 2 seconds and 10 seconds. The LED lamp on the front of the camera provides a clear indication of the timer's status, making it easy to get the timing right. After setting the 10-second timer, I was able to capture a clear, shake-free "life shot" without the usual rush to press the shutter. With the camera's automatic brightness adjustment, built-in selfie mirror, and close-up mode, even beginners can achieve high-quality results. The new design film, "Pastel Galaxy," launched alongside the Mini 13, is sure to appeal to instant camera enthusiasts. Moving away from the simple white frame, it features a subtle and intricate pastel gradient that evokes the beauty of cosmic nebulae. Experience Everything Instax at the Yongsan Pop-Up Store To celebrate the launch of the Mini 13, Fujifilm Korea is hosting a large pop-up store at Yongsan I-Park Mall's Living Park on the third floor, running until July 16. This space goes beyond mere product displays, allowing visitors to immerse themselves in the analog culture of Instax. Upon entering the pop-up store, visitors are greeted by stylish photo zones themed around the five signature colors of the Mini 13, designed to help capture perfect shots with ideal lighting and props. Notably, the pop-up features an "Instax Experience Zone" where guests can see and handle various Instax products, including the new Mini 13, and explore its many functions. By participating in on-site events and taking photos with the Instax Mini 13, visitors can then move to the "Inku Zone" to personalize their photos using masking tape, stickers, markers, and other creative supplies. Even during weekday afternoons, the pop-up store buzzes with the lively laughter of visitors, showcasing the unique tactile experience of analog photography. If you're tired of scrolling through photos on a smartphone screen, the Instax Mini 13 offers a refreshing alternative, allowing you to create tangible memories that deepen over time. The self-timer feature, enabling group shots and steady selfies, is a perfect gift for long-time Instax fans. * This article has been translated by AI. 2026-07-10 18:48:00
  • Jang Dong-hyuk Protests at National Police Agency Over Jang Yoon-ki Case
    Jang Dong-hyuk Protests at National Police Agency Over Jang Yoon-ki Case 장동혁 국민의힘 대표는 10일 '장윤기 살인사건'과 관련해 유재성 경찰청장 직무대행을 항의 방문했으나 만나지 못하고 돌아갔다. 전날 광주경찰청장에 이은 두 번째 면담 불발이다. 장 대표는 이날 오후 신동욱·정희용·박준태·조배숙·주진우·박성훈 의원 등과 함께 서울 서대문구 경찰청을 항의 방문했다. 장 대표는 유 직무대행을 면담할 예정이었다. 하지만 장 대표와 경찰은 모두발언 공개 여부를 놓고 충돌했다. 장 대표는 "제가 앞서 모두발언하는 것까지 영상을 촬영하고, 언론인은 퇴장한 상태에서 간담회를 진행하겠다"며 "언론에 공개하지 않으면 국민의 목소리를 대신해서 직무대행에게 우려를 전달하는 모습을 국민들이 알 수 없다"고 밝혔다. 그러나 경찰 관계자는 "면담은 해야 하고 겸허하게 경청하겠지만, 언론 (출입) 문제는 청사 규정에 따라 여야 똑같은 입장을 유지해야 한다"며 미리 출입이 승인된 국회의원 외에 보좌관과 취재진의 출입은 불가능하다는 입장을 밝혔다. 국민의힘과 경찰의 대치 상태가 이어지자 결국 장 대표는 철수를 결정했다. 전날 광주경찰청장 항의 방문이 무산된 데 이어 경찰청장 직무대행 면담도 불발된 것이다. 장 대표는 "참담하고 처참하다"며 "어제에 이어서 국민들이 대한민국 경찰의 민낯과 수준을 그대로 보고 있다"고 말했다. 이어 "앞으로 경찰이 모든 수사권을 가져간다는 게 충격적인 게 아니라 이런 경찰이 그동안 국민의 안전과 생명을 지키겠다며 수사해 왔다는 게 더 충격"이라며 "앞으로 국민들이 이런 경찰을 믿고 뭘 할 수 있겠냐"고 비판했다. 그러면서 "보완수사권이 문제가 아니라 우선 대한민국 경찰부터 완전히 뜯어고치고 개혁해야 한다"며 "국민께서 똑똑히 지켜보셨기 때문에 심판해 주실 것"이라고 했다.* This article has been translated by AI. 2026-07-10 18:12:00