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Hyundai Rotem Launches First Dedicated Recruitment for Aerospace Talent Hyundai Rotem is seeking to secure top talent to lead the aerospace industry, expanding its business into space following its ventures in high-speed rail and defense.On September 8, Hyundai Rotem announced it will conduct recruitment for new and experienced employees in the aerospace sector. The hiring will cover 14 positions, including roles related to ducted ramjet engines, hypersonic engines, methane engines, and propulsion system testing facilities.This marks the first time Hyundai Rotem has launched a separate recruitment initiative specifically for the aerospace sector. The move aims to strengthen its competitiveness in the rapidly growing aerospace market and to support the expansion of related businesses.The recruitment will include numerous positions related to key aerospace projects that Hyundai Rotem is pursuing. In the fields of ducted ramjet and hypersonic engines for guided weapons, the company is enhancing related technologies through projects with the Agency for Defense Development and the Defense Technology Promotion Agency.Building on its experience in developing Korea's first methane engine, Hyundai Rotem is also working to secure engine technology for reusable launch vehicles. The company is currently developing high-performance methane engines through a project with the Defense Technology Promotion Agency.In line with its recent expansion into the aerospace sector, Hyundai Rotem is also strengthening its organizational structure. This year, the company has restructured its organization to create a Space Mobility Team within the Aerospace Development Center, further refining its research and development capabilities. The existing defense organization has been expanded to include aerospace business roles, reflected in the new designation 'AD' (Aerospace-Defense).Hyundai Rotem is also working on building production infrastructure for its aerospace business. In March, the company signed a memorandum of understanding with the Jeonbuk Special Self-Governing Province and Muju County to establish an aerospace production base. The plan includes an investment of approximately 300 billion won by 2034 to create a comprehensive aerospace production base that will serve as a hub for production and research and development.In conjunction with the recruitment, Hyundai Rotem will operate communication programs to attract top talent. This month, the company will visit major universities and research labs to hold recruitment briefings for prospective applicants.A Hyundai Rotem official stated, "Hyundai Rotem's aerospace business, reaching toward the infinite sky and space, is a hub of advanced technological innovation. We will continuously seek talented individuals who can lead next-generation aerospace technology and contribute to the development of the domestic industrial ecosystem."Meanwhile, the Hyundai Motor Group is broadening its connections in the aerospace sector. Hyundai Motor has signed a cooperation agreement with Korea Aerospace Industries (KAI) to build a future air mobility ecosystem. In 2023, the company also began developing a 'lunar exploration rover' for lunar surface exploration in collaboration with domestic aerospace research institutions.* This article has been translated by AI. 2026-09-08 08:52:10 -
Two Crew Members Fall into Sea After Tugboat Capsizes Off Busan Two crew members fell into the sea after the tugboat TNS Catcher capsized off the coast of Busan. According to Yonhap News and the Busan Coast Guard on September 7, the investigation team for the TNS Catcher capsizing incident has obtained statements from the crew of the container ship M, which was being towed at the time of the accident.Based on this information, the coast guard analyzed closed-circuit television (CCTV) footage from the M and determined that two individuals fell into the water during the capsizing.The coast guard stated, "About one minute after the capsizing, a person wearing a black top was seen being swept toward the stern, and shortly after, another person in an orange work uniform surfaced but disappeared about 10 seconds later."While a crew member from the M retrieved a life ring to assist, the individuals who fell into the sea were reportedly not visible.The identities of the individuals who fell into the water have not yet been confirmed.The TNS Catcher capsized on September 2, approximately 9 kilometers east of Oryukdo while towing the M.At the time, there were eight crew members on board the TNS Catcher, including six South Koreans and two Indonesians.One Indonesian crew member was rescued, but one South Korean was found unconscious inside the vessel and later died. The remaining six crew members have been missing and are currently the subject of a search that has been ongoing for six days.* This article has been translated by AI. 2026-09-08 08:52:10
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Lotte Wellfood CEO Seong-ho Seo Outlines Growth Strategy Focused on Domestic Profitability and Global Expansion Lotte Wellfood is pursuing a dual-track strategy to enhance domestic profitability while expanding into strategic overseas markets such as India and Kazakhstan. The company aims to continue its recovery, building on a nearly twofold increase in operating profit in the first half of the year through improved production and logistics efficiency and global business expansion.On September 8, Lotte Wellfood announced that it held a town hall meeting last month to share first-half results and its mid- to long-term growth direction with all employees. During the meeting, the company presented its new goal of becoming a global comprehensive food company that connects the world through delicious enjoyment.Seong-ho Seo, CEO of Lotte Wellfood, identified strengthening the core competitiveness of domestic operations and sustaining growth in global business as key strategies for long-term growth. The company plans to enhance profitability domestically while continuing to grow its scale internationally.Domestically, the focus will be on improving overall operational efficiency from production to logistics and procurement. Plans include optimizing the production network, enhancing logistics and procurement processes, and establishing a data-driven management system to respond more quickly to market demands.Product and marketing strategies will be revamped around core brands. The company aims to operate its product portfolio efficiently, concentrating marketing efforts on key brands to improve its profit structure.Internationally, Lotte Wellfood plans to expand its business scale in key markets such as India and Kazakhstan. The company will strengthen its local business foundation while boosting sales of global flagship brands like Pepero.Collaboration between Lotte's food subsidiaries in South Korea and Japan will also be enhanced. The recently launched joint venture in Singapore will connect products and overseas business capabilities of the Korean and Japanese Lotte food companies and expand distribution networks.For the first half of this year, Lotte Wellfood reported consolidated sales of 2.1831 trillion won, a 7% increase from the same period last year. Operating profit reached 100.5 billion won, up 98%. Sales from overseas subsidiaries also rose by 23% during the same period, contributing to overall performance improvement.Seo stated, "The improvements made during the first half and the achievements in overseas business have laid the groundwork for solidifying our mid- to long-term growth strategy and goals. We will continue to pursue sustainable growth through strengthening our core competitiveness across the business and actively expanding into global markets."* This article has been translated by AI. 2026-09-08 08:52:00
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Samsung Life Insurance Secures 100th Patent for Pre-Enrollment System Samsung Life Insurance has secured its 100th registered patent for a system that allows customers to check their eligibility for insurance enrollment in advance.The company announced on September 8 that it has completed the patent registration for the 'Expected Underwriting Result System.'This system is designed to enable customers to verify their eligibility before undergoing the underwriting process for insurance enrollment.Previously, customers had to complete their insurance application and input their medical history before receiving the final eligibility results. If the underwriting results indicated a denial, customers would need to restart the application process to find alternative products.To address this issue, Samsung Life developed a system that allows customers to check the expected underwriting results for currently available products in real time, based solely on their selections. The company filed for the patent in 2022. With customer consent, relevant data is transmitted from the Korea Credit Information Corporation through an encrypted channel, applying Samsung Life's own underwriting criteria. If a specific product is likely to be denied, the system also suggests alternative products or conditions.A Samsung Life representative stated, "The core of this patent is improving the underwriting process so that customers can quickly verify their eligibility and receive suitable product recommendations. We will continue to expand services that enhance customer convenience throughout the entire process, from insurance design to claims payment."* This article has been translated by AI. 2026-09-08 08:52:00
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North Korea Threatens Strong Response to US-South Korea-Japan Military Drills 북한이 한미일 다영역 군사훈련 ‘프리덤 에지’를 겨냥해 “필요한 경우 보다 강력하고 단호한 행동으로 대응할 것”이라고 위협했다. 김성기 북한 국방상은 7일 조선중앙통신을 통해 발표한 담화에서 “미국과 그 동맹국들이 우리와 새로운 군사적 대결을 기도한다면 우리도 힘의 입장에서 강력하고 반사적인 대응 조치를 취하게 될 것”이라고 밝혔다. 김 국방상은 한미일 프리덤 에지 훈련을 비롯해 오는 8일부터 24일까지 미국과 일본, 호주가 실시할 예정인 ‘오리엔트 실드’ 연합훈련을 거론했다. 특히 훈련 기간 미국의 중거리 미사일 체계 ‘타이폰’이 일본에 배치될 예정이라며 반발했다. 미국이 육군 다영역신속기동부대를 연내 한국에 전개하려 한다고도 주장했다. 북한이 언급한 부대는 미 육군의 다영역특임단(MDTF)을 지칭한 것으로 보인다. 김 국방상은 한미일 안보협력이 “핵 요소를 동반한 위험한 공격적 실체로 변이되고 있다”며 미국 주도의 연합훈련이 “한반도와 지역의 불안정한 상황을 한계점으로 몰아가는 중대한 안보 위협”이라고 주장했다. 이어 “국가 안전을 위협하는 적대적 근원을 억제하고 도발자들을 응징하기 위한 헌법적 의무를 결행하는 데 추호도 주저하지 않을 것”이라고 언급했다. 그러면서 “미국과 추종 국가들의 무분별한 군사적 준동에 경종을 울린다”며 “그것이 초래할 후과에 대해 엄중히 경고한다”고 강조했다. 한편 이번 담화는 김 국방상이 지난달 말 노광철의 후임으로 임명된 이후 처음 발표한 대외 담화다.* This article has been translated by AI. 2026-09-08 08:48:10
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Don't Rush Your Chuseok Shopping: A Complete Guide to Discounts and Refunds As Chuseok approaches, discount events are ramping up to ease the burden on shoppers. Large and small supermarkets have already begun discounting agricultural products, and from mid-September, sales of agricultural gift certificates and refunds for traditional market gift certificates will follow.According to the Ministry of Agriculture, Food and Rural Affairs on September 8, the government is investing a record 59 billion won this year to support discounts on agricultural products until September 23.Supermarkets are offering discounts of up to 40% on all domestic agricultural products, including essential items. This promotion started on September 3, and during this period, there is no limit on the amount of discount per person.Supermarkets are also running their own discount promotions. Producer organizations like Hanaro Mart and Nonghyup Mall are offering discounts of up to 50%, while retailers such as E-Mart and Lotte Mart are providing discounts of up to 70%. Additionally, there will be self-funding discounts of 30-50% on Korean beef and 20% on Korean pork. The actual discount items and rates may vary by retailer.If you plan to shop at traditional markets, your options will expand starting mid-September.First, the 'Korea Agricultural Gift Certificate' supported by the Ministry of Agriculture, Food and Rural Affairs will be sold at a 20% discount. For example, purchasing 100,000 won worth will only cost 80,000 won.The sale of agricultural gift certificates for the general public will begin regionally from September 14 to 16.On September 14 at 2 PM, sales will start in Jeonbuk and Jeju, and at 4 PM in Daejeon, Chungnam, and Chungbuk. On September 15 at 2 PM, sales will begin in Busan, Ulsan, and Jeonnam Gwangju, and at 4 PM in Gyeongnam and Gyeongbuk. On September 16 at 2 PM, sales will start in Gangwon, Sejong, and Daegu, and at 4 PM in Seoul, Incheon, and Gyeonggi.The discount rate is 20%, and the purchase limit is 100,000 won per person across all regional gift certificates. The validity period is until November 30. Regional gift certificates can only be used at participating stores within the respective areas.Priority sales for seniors have already begun. From September 7 to 13, only members born in 1961 or earlier can purchase, with sales staggered by region from September 7 to 9.Traditional markets will also have a refund event for the Onnuri gift certificate. From September 16 to 20, shoppers who buy agricultural products at participating markets can receive 30% of their purchase amount back in Onnuri gift certificates. The number of participating markets has increased from 200 last year to 300 this year.Therefore, it may be advantageous to adjust your shopping timing based on where you plan to shop. If you use large or small supermarkets, you can take advantage of the ongoing discounts on agricultural products. Conversely, if you plan to shop at traditional markets, it may be worth checking the benefits available after mid-September when the general sale of agricultural gift certificates and the Onnuri gift certificate refund event overlap.The government is also expanding the supply of essential Chuseok items. A total of 163,000 tons of 13 essential items, including apples, pears, cabbage, radishes, onions, garlic, zucchini, beef, pork, chicken, eggs, chestnuts, and jujubes, will be supplied, which is 1.6 times more than usual. The supply of agricultural products will increase by 2.6 times, livestock products by 1.3 times, and forest products by up to 9 times.* This article has been translated by AI. 2026-09-08 08:48:00
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Hyundai Motor Securities Lowers IS Dongseo Target Price Amid Adjustments Hyundai Motor Securities announced on September 8 that it has lowered its target price for IS Dongseo from 31,000 won to 23,000 won. This adjustment follows a second-quarter earnings shock attributed to one-time factors, along with changes in the revenue recognition timing and sales rate assumptions for the Gyeongsan Pentahills W Phase 1 project. The investment recommendation remains a 'buy.'Shin Dong-hyun, a researcher at Hyundai Motor Securities, stated, "The adjustment in the revenue recognition timing for the total sales of Gyeongsan Pentahills W and the changes in sales rate assumptions have led to a decrease in the estimated EPS for 2027 from 3,765 won to 2,838 won."Shin explained that the significant drop in operating profit for the second quarter was due to the cancellation of existing sales contracts for the Goyang Deok-eun 8-10BL project, which affected the recognized revenue. He noted that the canceled units are expected to be resold at a discount in the future, contributing to revenue recognition.Looking ahead, he anticipates a normalization of performance starting in the second half of the year. He highlighted that key construction sites for the company will include Gyeongsan Pentahills W Phase 1, Goyang Deok-eun 6-7BL, Ulsan New City Ailin's Field Phase 2, and the B-14 district in Ulsan, which is set to be supplied starting September 14. He expressed optimism that the one-time issues from the second quarter will dissipate, allowing for revenue normalization.Shin assessed the business viability of Gyeongsan Pentahills W Phase 1 as still favorable, stating, "The likelihood of proceeding with Pentahills W Phase 1 is high based on current progress." He conservatively estimated a 70% contract rate for the first interim payment date. He added that the sales schedule for Phase 2, expected in the first half of 2027, will be flexible depending on the contract rate of Phase 1, emphasizing that the overall expected sales amount remains unchanged despite timeline adjustments.* This article has been translated by AI. 2026-09-08 08:48:00
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Gwangju City Offers 20% Discount on Local Seafood for Chuseok Gwangju City is reducing consumer costs ahead of Chuseok by offering discounts on local seafood, including abalone, freshwater eel, and black bass.The city announced on September 8 that it is selling local seafood at discounted prices through the online shopping mall Suhyup Shopping.This initiative aims to alleviate consumer burdens during a time of increased demand for seafood purchases leading up to the holiday, while also expanding the market for locally produced seafood.The discounted items include abalone, freshwater eel, and black bass.Consumers purchasing these items on Suhyup Shopping can receive a 20% discount on the final payment amount, with a maximum discount of 10,000 won per product. Discount coupons can be used without any limit on the number of times they can be issued.The city expects that consumers looking to buy seafood for holiday gifts, ceremonial tables, or family meals will take advantage of these discounts, thereby boosting local seafood consumption ahead of Chuseok.Gwangju City plans to support consumers in purchasing locally produced seafood at more reasonable prices through this discount event, while also assisting local fishers and the seafood industry in expanding their market access.Son Young-gon, head of the Seafood Distribution and Processing Division at Gwangju City, stated, "We organized this discount event to allow consumers to purchase high-quality local seafood without financial strain during Chuseok. We hope it helps reduce consumer burdens and stimulates local seafood consumption."Meanwhile, Gwangju City plans to continue promotional and consumption-boosting activities using both online and offline distribution channels to expand local seafood consumption and increase fishers' incomes ahead of the holiday.* This article has been translated by AI. 2026-09-08 08:48:00
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27th Hampyeong Moaksan Flower Festival to Open on September 16 The 27th Hampyeong Moaksan Flower Festival, a major autumn event in Hampyeong County, South Jeolla Province, will kick off on September 16. Hampyeong County announced on September 8 that the festival will take place from September 16 to 20 at Haebomyeon Flower Park, featuring a variety of hands-on programs for visitors. This year's festival is designed to enhance visitor engagement by not only showcasing the scenic beauty of the Moaksan area but also incorporating activities such as hiking, planting flowers, and supporting local businesses. During the festival, an event called 'Reach the Summit of Moaksan' will be held. Visitors who climb to the summit and take a verification photo at designated booths will receive flower-themed souvenirs. To encourage spending in the local economy, a receipt verification event will be available. Visitors who spend over 10,000 won at the festival site or local shops on the same day can validate their receipts to participate in a lottery for prizes, including local agricultural products. The festival will also feature a 'Flower Promise Day,' where visitors can plant flower bulbs and receive bulbs and souvenirs in return. A 'Flower Path Shuttle Bus' will operate to facilitate visitor movement, connecting the festival site with local restaurants and shops. Additionally, programs utilizing the natural environment of Moaksan, such as forest outings and wish ribbon tying along hiking trails, will be available throughout the festival. Lee Nam-o, the mayor of Hampyeong County, stated, "This year's Flower Festival is prepared to allow visitors to not only enjoy the flowers but also actively participate and explore various areas. I hope everyone can savor the autumn atmosphere at Moaksan and create special memories through diverse experiences." The 27th Hampyeong Moaksan Flower Festival will run from September 16 to 20 at Haebomyeon Flower Park, with plans to host participatory events linking festival programs with local businesses to enhance visitor stays and local spending.* This article has been translated by AI. 2026-09-08 08:44:00
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Hyundai Rotem Unveils Polish K2 Tank with Local Equipment Hyundai Rotem has unveiled the Polish version of the K2 tank (K2PL), equipped with local defense industry equipment. The company aims to showcase localization achievements by integrating Polish mission equipment and expanding collaboration for local production.Starting on September 8, Hyundai Rotem will present its lineup of Polish tanks at the 34th International Defense Industry Exhibition (MSPO) in Kielce, Poland, for four days.The booth will feature the modified Polish K2 tank, along with related vehicles such as the bridge layer, mine-clearing tank, and recovery vehicle, all tailored to meet Polish requirements. The K2PL will incorporate advanced technologies, including an active protection system (APS) capable of countering anti-tank guided missiles and drone threats, as well as a drone jammer and remote firing control system.Among the highlights is the debut of the MCS camouflage system from the local defense company Miranda, designed for use during tank operations while in motion or combat.Additionally, the Polish bridge layer tank, developed in collaboration with the local defense firm Obrum, will be showcased for the first time, featuring bridge mission equipment optimized for the local battlefield environment.Hyundai Rotem will also present a model of the multipurpose unmanned vehicle HR-Sherpa, equipped with a remote-controlled weapon station (RCWS) from the local defense company ZMT. A 30-ton wheeled armored vehicle featuring a counter-drone multi-layered protection system (C-UAS) will also be on display, highlighting the company's advanced defense technology.A Hyundai Rotem official stated, "The Polish K2 tank is a symbolic result of the combined technological capabilities of our countries and will play a significant role in the development of the defense ecosystem in both nations. As a security partner of Poland, we will ensure smooth local production to contribute to Poland's peacekeeping efforts." 2026-09-08 08:44:00