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  • Bukwang Pharmaceuticals Subsidiary Requests Closure of Rehabilitation Process
    Bukwang Pharmaceutical's Subsidiary Requests Closure of Rehabilitation Process Korea Union Pharmaceutical, a subsidiary of Bukwang Pharmaceutical, has completed most of its rehabilitation claims and has applied to the court for the closure of its rehabilitation process.Bukwang Pharmaceutical announced on August 16 that Korea Union Pharmaceutical has requested the Seoul Rehabilitation Court to approve the closure of its rehabilitation process.Korea Union Pharmaceutical began its rehabilitation process in September of last year and, after undergoing restructuring and financial improvement efforts, received approval for its rehabilitation plan in May of this year.On May 27, Bukwang Pharmaceutical became the largest shareholder of Korea Union Pharmaceutical by fully paying 30 billion won for new shares. Following this, it proceeded with changes in rights and the repayment of rehabilitation secured claims as per the approved rehabilitation plan.The rehabilitation secured claims were mostly settled in cash. The rehabilitation claims were divided into equity conversion (67.65%) and cash repayment (32.35%), with most interest waived since the initiation of the process, and the rights to existing convertible bonds (CB) and bonds with warrants (BW) expired as of the approval date.This year, Korea Union Pharmaceutical has completed repayment of most of its debts, totaling 29.21 billion won, excluding 76 million won in some unconfirmed claims. Consequently, it has applied to the Seoul Rehabilitation Court for the closure of its rehabilitation process under the Debtor Rehabilitation and Bankruptcy Act.A representative from Bukwang Pharmaceutical stated, "By investing 30 billion won in new shares, we have resolved the financial uncertainties of Korea Union Pharmaceutical and diligently executed the debt repayments as per the rehabilitation plan." They added, "Following the closure of the rehabilitation process, Korea Union Pharmaceutical's debt ratio has improved to the 40% range."The representative further noted, "All past unpaid trade receivables, borrowings, and bonds with warrants have been settled, and currently, only normal claims such as trade payables and return provisions remain, effectively bringing the debt ratio to about 15%. We plan to promptly disclose the court's closure decision and accelerate management normalization and business synergy between the two companies."Meanwhile, through the acquisition of Korea Union Pharmaceutical, Bukwang Pharmaceutical is expected to enhance its production competitiveness by securing a production line for injectable drugs and antibiotic products. The Korea Union Pharmaceutical factory, which received Good Manufacturing Practice (GMP) certification in 2020, is a state-of-the-art facility, and the company anticipates a roughly 30% increase in its pharmaceutical production capacity following the acquisition.* This article has been translated by AI. 2026-08-16 09:04:00
  • Anthropic Reports 14.6-Fold Revenue Surge in Q2, First-Ever Adjusted Operating Profit
    Anthropic Reports 14.6-Fold Revenue Surge in Q2, First-Ever Adjusted Operating Profit Anthropic, the developer of the AI chatbot Claude, reported a 14.6-fold increase in revenue for the second quarter, marking its first-ever quarterly adjusted operating profit since its founding.On August 15, Bloomberg News reported that Anthropic informed investors that its preliminary revenue for the second quarter exceeded $11.5 billion (approximately 16.2 trillion won). This figure is 14.6 times higher than the $787 million reported during the same period last year and more than double the $4.73 billion from the previous quarter.Profitability has also improved, with adjusted operating profit, excluding one-time costs, turning positive for the first time in the company's history. However, specific profit figures were not disclosed.The surge in revenue is attributed to rapidly increasing demand for Claude in the enterprise and professional markets, particularly driven by coding tools and AI services for business automation.Annualized revenue, calculated based on recent sales trends, surpassed $47 billion in May, up from about $9 billion at the end of last year, reflecting more than a fivefold increase in just a few months.Anthropic anticipates continued high growth through 2028. According to Reuters, the company has projected revenues between $190 billion and $200 billion (approximately 268 trillion to 282 trillion won) by 2028.In June, Anthropic submitted confidential documents for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC) as part of its preparations for going public.* This article has been translated by AI. 2026-08-16 08:24:00
  • Iran Claims Three Pilots Held by Qatar for Six Months, Qatar Denies Allegations
    Iran Claims Three Pilots Held by Qatar for Six Months, Qatar Denies Allegations Iran has claimed that three of its fighter pilots, who were shot down in Qatar in March, are being held by the Qatari military. Qatar has immediately denied these allegations.On August 15, the Iranian military's Missing Persons Committee stated that "three of the four occupants of two Su-24 bombers shot down in March have been captured by the Qatari military and have been detained for about six months," urging for their release.In a public letter sent to the International Committee of the Red Cross (ICRC), Iran alleged that Qatar has not allowed the families of the pilots to meet or communicate with them. The pilots are identified as Javad Salehi, Abdolmajid Dashtian, and Omran Behraveshian.Qatar has categorically denied Iran's claims. Majed Al-Ansari, a spokesperson for the Qatari Foreign Ministry, stated on X (formerly Twitter) that "we are not holding any surviving Iranian pilots."Al-Ansari explained that the Iranian aircraft were shot down after entering Qatari airspace and failing to respond to warnings. He added that during the search and rescue operation, the remains of one pilot were found, and discussions were held with Iran for repatriation.Qatar claimed it invited Iran to discuss the search and rescue situation in April but did not receive a response.Earlier, Qatar announced that its air force shot down two Iranian Su-24 bombers on March 2, during the early stages of the Iran war, while the Iranian military was reportedly conducting operations targeting the Al Udeid Air Base in Qatar.* This article has been translated by AI. 2026-08-16 08:16:00
  • Weather Alert: Heavy Rain Expected Nationwide, Up to 250mm in South Gyeongsang
    Weather Alert: Heavy Rain Expected Nationwide, Up to 250mm in South Gyeongsang On Sunday, the 16th, the weather across the country is expected to be mostly cloudy with rain. Heavy rain accompanied by strong winds, thunder, and lightning is particularly anticipated in the southern regions and Jeju Island. The central region is likely to see a temporary lull in rain starting in the afternoon.According to the Korea Meteorological Administration, as of 7 a.m. on this day, heavy rain warnings have been issued for Jeonnam, Gyeongnam, and Jeju. The southwestern coast of Jeonnam is experiencing very heavy rainfall of 30 to 50 mm per hour, with some areas exceeding 50 mm.Rain is also expected to continue in Seoul and the surrounding metropolitan area. The forecast for Seoul, Incheon, Gyeonggi, and the five islands in the Yellow Sea from the 16th to the 17th is 20 to 60 mm. However, many areas in the central region, including the metropolitan area, are expected to see a break in rain starting in the afternoon.From 9 p.m. the previous day until 7 a.m. on the 16th, cumulative rainfall recorded includes 132.8 mm in Samho, Yeongam, 131.5 mm in Suyeong, Jindo, and 128.1 mm in Mokpo. Jeju's Jindallaebat also received 137.5 mm of rain.Rain is expected to continue in most areas of the country until the morning of the 17th, with some places in Jeju experiencing rain until the evening of the 17th.From the 16th to the 17th, the forecast for the inland and mountainous areas of Gangwon and the Chungcheong region is 20 to 60 mm. In the central and southern parts of North Chungcheong, over 80 mm is expected. Gwangju and Jeonnam are forecasted to receive 50 to 100 mm, while the eastern coastal areas of Jeonnam may see over 200 mm.In the western coastal areas of Gyeongnam and near Jirisan, 100 to 200 mm of rain is expected, with some areas possibly exceeding 250 mm. Busan, Ulsan, and other parts of Gyeongnam are forecasted to receive 50 to 150 mm, with the central coastal areas of Busan and Gyeongnam expecting over 200 mm. Daegu and North Gyeongsang are expected to see 50 to 100 mm, while Jeju is forecasted to receive 30 to 80 mm.In particular, heavy rain of 20 to 50 mm per hour is possible in the southern regions and Jeju, with some areas potentially experiencing over 70 mm per hour. The Korea Meteorological Administration advises caution against flooding in low-lying areas, river overflow, and landslides, and urges people to refrain from using riverside walking paths and underground passages.The expected high temperature for the day is between 24 and 30 degrees Celsius. While Seoul may reach up to 30 degrees, Busan, Ulsan, and Gyeongnam are expected to remain between 24 and 26 degrees.* This article has been translated by AI. 2026-08-16 08:08:00
  • Major Korean Brokerages Report Record Profits Amid Stock Market Boom
    Major Korean Brokerages Report Record Profits Amid Stock Market Boom Major securities firms in South Korea achieved record results in the first half of this year, driven by a booming stock market. The net profit of the top 10 brokerages surpassed 10 trillion won for the first time, fueled by increased trading volumes and brokerage revenues.According to the Financial Supervisory Service's electronic disclosure system on August 16, the combined net profit of the top 10 securities firms (Mirae Asset, Korea Investment, Kiwoom, NH Investment, Samsung, KB, Shinhan, Meritz, Daishin, and Hana Securities) reached 10.2697 trillion won for the first half of the year. This marks an increase of approximately 129% compared to 4.4858 trillion won during the same period last year.In just the first half of this year, these firms have already exceeded their total net profit from the previous year, which was 9.9102 trillion won. They earned about 1.26 trillion won more than last year in just six months. Three firms—Mirae Asset Securities, Korea Investment Securities, and Kiwoom Securities—each reported net profits exceeding 1 trillion won, while eight out of the ten firms set new records for half-year performance.Mirae Asset Securities reported the highest net profit of 2.9072 trillion won, a 338% increase from the same period last year. In the second quarter alone, it earned 1.9052 trillion won, marking two consecutive quarters with net profits exceeding 1 trillion won. The significant growth was attributed to the expansion of its brokerage and wealth management (WM) divisions, along with gains from investments in companies like SpaceX.“While these results are historic, it is important to note that a significant portion of the net profit comes from investment asset valuation gains, so we need to distinguish between recurring earnings and one-time factors,” said Lim Hee-yeon, a researcher at Shinhan Investment Corp. “For the time being, fluctuations in SpaceX's stock price will inevitably increase profit volatility.”Korea Investment Securities followed with a net profit of 1.7311 trillion won for the first half, achieving record results across its key business segments, including brokerage, WM, investment banking (IB), and asset management. Kiwoom Securities also joined the '1 trillion club' with a net profit of 1.1580 trillion won.NH Investment Securities and Samsung Securities reported net profits close to 1 trillion won, with NH Investment Securities at 965.2 billion won and Samsung Securities at 939.1 billion won. KB Securities reported 801 billion won, Shinhan Investment Securities 577.7 billion won, Meritz Securities 514 billion won, Daishin Securities 403.3 billion won, and Hana Securities 273.1 billion won.The key driver behind the strong performance of these brokerages was the brokerage segment. The domestic stock market showed strong performance in the first half of the year, leading to a significant increase in stock trading and corresponding growth in brokerage commission revenues. The combined brokerage commission revenue of the five major firms—Mirae Asset, Korea Investment, Samsung, NH Investment, and Kiwoom—totaled 4.1988 trillion won, a 174.9% increase from the same period last year.In addition to brokerage, growth in WM, IB, and asset management segments also supported the improvement in overall performance. While there are differences based on each firm's business portfolio, the stock market boom has increased customer assets and expanded revenues from financial product sales and asset management, enhancing the overall revenue base.Looking ahead to the second half of the year, the flow of trading volumes in the domestic stock market is expected to be a key variable influencing the performance of securities firms. Given the sharp increase in brokerage revenues in the first half, a slowdown in trading volume growth could limit the expansion of related revenues. Therefore, the profitability of non-brokerage segments such as WM and IB, as well as diversification of business portfolios, are anticipated to play crucial roles in determining the performance of individual securities firms.* This article has been translated by AI. 2026-08-16 08:00:20
  • Foreign Tourists to Enjoy Easier Mobility in Korea
    Foreign Tourists to Enjoy Easier Mobility in Korea Foreign tourists visiting Korea will soon be able to call taxis and book express and intercity bus tickets through the Wowpass app without needing to install separate transportation apps. This development is expected to lower the barriers for visitors struggling with domestic payment and transportation services. Orange Square, the operator of Wowpass, announced on August 16 that it has signed a memorandum of understanding (MOU) with Tmoney Mobility to collaborate on mobility and payment services for foreign visitors. Under this agreement, TmoneyGO's transportation services will be gradually integrated into the Wowpass app. Initially, users will be able to access taxi calls, express and intercity bus bookings, as well as personal mobility options like electric bicycles and scooters, and charter bus reservations through Wowpass. Once the services are integrated, foreign tourists will be able to avoid the hassle of installing multiple apps for different modes of transportation. The goal is to allow taxi calls directly through Wowpass without the need for a separate app. The app will also support user registration, identity verification, payments, and multilingual guidance. This collaboration aims to reduce the inconveniences faced by foreigners when using transportation services in Korea. Some taxi calling and express/intercity bus booking services have been criticized for their limited multilingual support and restrictions on foreign payment methods, making them difficult for visitors to use. Wowpass has expanded its business from payment and currency exchange to include shopping and delivery services in K-beauty, food, and fashion. In the past three months, the app has averaged about 600,000 monthly active users. In line with the expansion of transportation services, Orange Square plans to develop a dedicated mobility interface within the Wowpass app and establish an operational system and new services tailored for foreign users. Lee Jang-baek, CEO of Orange Square, stated that as the number of Wowpass users among foreign visitors has increased to one in ten, the company aims to expand services so that users can manage payments, shopping, and transportation all within a single app. Cho Dong-wook, CEO of Tmoney Mobility, expressed that this collaboration will enhance the convenience of transportation for foreigners in Korea while continuing to expand partnerships with global platforms. * This article has been translated by AI. 2026-08-16 08:00:20
  • LG Electronics Hosts Home Lifestyle Fair Featuring 1.1 Million Home Enthusiasts
    LG Electronics Hosts Home Lifestyle Fair Featuring 1.1 Million Home Enthusiasts At the 'Lifezip' exhibition held at COEX in Samseong-dong, Seoul, visitors were greeted by rooms decorated with distinct themes. From vibrant artworks and lush plants to cozy rooms filled with charming decor, and workspaces equipped with instruments, speakers, and lighting, the exhibition featured five themes: 'Rest, Creation, Relationships, Collection, and Exploration.' The spaces felt like a personal home, inviting guests to explore.Attendees moved seamlessly from room to room, admiring how furniture and decor complemented each other, often pausing to take photos in their favorite spaces. The 'Exploration House' was designed like a personal workspace, complete with a wooden desk, keyboard, plants, and walls adorned with photos and posters, reflecting an individual's unique taste. Touring the exhibition felt akin to visiting someone's home to admire their interior design and personal style.The event, titled '2026 House Archive: Home Digging Fair,' is LG Electronics' first standalone home lifestyle fair under the Lifezip community. Running from August 13 for four days, the fair attracted approximately 3,000 visitors on its opening day, with LG Electronics anticipating around 13,000 attendees throughout the event.The 670-pyeong exhibition space was divided into five 'houses' representing the themes: 'Rest House' for creating personal routines, 'Creation House' where work and play blend, 'Relationship House' for social gatherings, 'Collection House' for favorite items, and 'Exploration House' connecting with nature. This reinterprets the concept of a home beyond just a place to sleep, encompassing spaces for relaxation, creativity, socializing, and discovering new hobbies.As visitors moved through the exhibition, the eclectic tastes of home enthusiasts captured attention. Tables filled with ceramics, art prints, stationery, plants, and crafts showcased the diversity of items. About 70 brands participated, with over 30 Lifezip members selling items they created or collected at table markets. LG Electronics aimed to create an event where users, who have been active in the online community, could also participate as content creators offline.In addition to visual displays, interactive experiences were available throughout the venue. The 'Rest House' offered experiences with scents, tea, and sleep, along with a meditation space. Many attendees were seen sitting on cushions, participating in meditation programs. There was also a space to try out massage devices for body posture and shape management.Notably, LG Electronics' products were subtly integrated into the exhibition rather than prominently displayed. Unlike typical appliance shows where products are lined up for demonstration, LG's offerings were naturally placed throughout the venue.A prime example is the 'LG Tiun Mini,' a plant-based home appliance positioned among yellow flowers and green plants, emphasizing the lifestyle of nurturing plants at home. Other products, such as the portable lifestyle screen 'LG StanbyME2 Max,' wireless speaker 'LG Xboom 360,' and table-type air purifier 'LG PuriCare AeroFurniture,' were showcased in environments resembling real living spaces. This approach allowed visitors to discover products organically while exploring tastefully decorated homes.This strategy aligns with how LG Electronics engages customers through Lifezip. Instead of showcasing appliances first and encouraging purchases, the focus is on understanding what people want to do at home, their preferred spaces, and how they relax and enjoy life.At the heart of this initiative is the Lifezip community. Launched in 2022 with 450 members, Lifezip has grown to 1.1 million members and approximately 300,000 monthly active users, sharing various home activities like cooking, interior design, gardening, and pet care.Home enthusiasts who initially connected online are now transitioning to offline interactions. LG Electronics opened its first pop-up store, 'Lifezip Housewarming,' in Seongsu-dong, Seoul, in 2024, followed by participation in the Seoul Living Design Fair last year. This year, the fair has expanded to more than double the size of the previous pop-up store, creating a community where users who shared their tastes online can now participate as sellers, while other members explore and purchase their creations in a physical space.Jae-woong Jeong, head of LG Electronics' Customer Value Innovation Division, stated, "Lifezip is expanding customer touchpoints through various offline activities, from online communities to pop-up stores and this fair. We will continue to create a differentiated customer experience while building a new home lifestyle culture with our customers."* This article has been translated by AI. 2026-08-16 06:04:00
  • U.S. Steps Up Efforts to Prevent Illegal Transshipments of Chinese Goods
    U.S. Steps Up Efforts to Prevent Illegal Transshipments of Chinese Goods The U.S. government is intensifying efforts to block illegal transshipments of Chinese products, prompting heightened vigilance within the domestic automotive industry. Concerns are growing that the increasing use of Chinese components could complicate supply chain management.According to reports from foreign media on August 16, the U.S. White House's Office of Trade and Manufacturing Policy released a report on August 14, highlighting that Chinese products are being illegally transshipped to the U.S. through over 40 countries.The report classified South Korea, along with Japan, Canada, Mexico, and the European Union, as 'Tier 1' countries at high risk for transshipment of China-linked goods.The U.S. plans to utilize artificial intelligence (AI) technology to more accurately detect instances where these countries process Chinese products or alter their origin before exporting them to the U.S.This crackdown is driven by significant tariff revenue losses. The White House estimates that the scale of illegal transshipment of Chinese products ranges from approximately $34.2 billion to as much as $303 billion annually.According to the Associated Press, the increased enforcement against transshipments is linked to the Chinese government's export support policies, which are destabilizing the automotive, metal, and electronics industries in the U.S. and Europe.The domestic automotive industry is closely monitoring the U.S. government's actions, especially as mid-sized automakers are rapidly increasing their use of Chinese platforms and components.Last year, Renault Korea's purchases of vehicles, parts, and technology from China's Geely Group totaled 952.7 billion won, an 82% increase from the previous year. Of this amount, 901.9 billion won was spent on vehicle and parts purchases. KGM has also reportedly paid $84 million (approximately 120 billion won) to China's Chery Group this year.Given the nature of the automotive industry, the burden of enhanced origin verification is expected to be significant. It is estimated that internal combustion vehicles contain about 30,000 parts, while electric vehicles have over 10,000 parts. As the scope of U.S. verification becomes more detailed, the number of components companies must manage will inevitably increase.However, analysts caution that it is too early to predict the impact on the domestic automotive industry, as specific application standards and enforcement scopes have yet to be established.Kim Pil-soo, a professor at Daelim University’s Department of Future Automotive Engineering, stated, "Since a significant number of parts in vehicles are produced in other countries, we need to observe how specific standards are developed."* This article has been translated by AI. 2026-08-16 06:04:00
  • Shooting at Virginia State University Injures Five Ahead of New Semester
    Shooting at Virginia State University Injures Five Ahead of New Semester A shooting occurred at Virginia State University in Petersburg, Virginia, injuring five people, one of whom is in critical condition.According to local media, including NBC News, the incident took place at 1:28 a.m. on August 14 near a dormitory. Freshman Julia Lewis, who was asleep in her dorm at the time, told the local newspaper Progress-Index, "I woke up to the sound of gunfire. When I opened the window, I saw people and police running in the street." Following the shooting, police closed the campus but lifted the lockdown at 8:22 a.m., allowing scheduled student move-ins to proceed. Authorities have maintained a significant police presence on campus for safety.All five victims were transported to nearby hospitals, with one in critical condition. The university reported that one of the four individuals with non-life-threatening injuries is a student who has since been discharged. The Chesterfield County Police Department is leading the investigation, with assistance from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and the Hanover County Sheriff's Office, according to NBC. No arrests have been made in connection with the incident.The shooting occurred on the day designated for returning students to move into dorms. Classes are set to begin on August 17. New students moved in on August 7 and 8, while returning students moved in on the 14th. The university also held a "New Trojan Experience" orientation program from August 10 to 14. Additionally, a professional wrestling event is scheduled for August 15 at the campus multipurpose center, raising concerns about safety.Virginia State University, located about 200 kilometers south of Washington, D.C., has an enrollment of 5,700, primarily undergraduate students. It is recognized as the first four-year historically Black college in the U.S. to receive full state funding.Following the incident, Virginia Governor Abigail Spanberger expressed her condolences to the shooting victims on social media platform X (formerly Twitter), stating, "I am praying for the swift recovery of those injured in the shooting at Virginia State University this morning," and extended her thoughts to the university community.Messages from parents and alumni flooded the university's official Facebook page. One parent shared that they had dropped their daughter off at the dorm just hours before the shooting, emphasizing the need for enhanced security during the school year. An alumnus reminisced about visiting the campus with his wife, noting that such incidents prevent students, faculty, and visitors from fully enjoying the peace he once experienced.The Guardian reported, citing the nonprofit Gun Violence Archive, that there have been 300 mass shooting incidents in the U.S. this year, defined as events with four or more casualties. The shooting at Virginia State University falls under this classification.* This article has been translated by AI. 2026-08-16 05:00:20
  • Hong Sang-soos In Front of Your Face Wins Three Awards at Locarno Film Festival
    Hong Sang-soo's 'In Front of Your Face' Wins Three Awards at Locarno Film Festival Hong Sang-soo's 35th feature film, 'In Front of Your Face,' won three awards at the 79th Locarno Film Festival.The film received the Best Director award, Best Acting award, and the Ecumenical Jury Award during the festival's closing ceremony held on August 15 in Locarno, Switzerland. Hong Sang-soo was honored with the Best Director award, while lead actress Kim Min-hee received the Best Acting award.'In Front of Your Face' tells the story of Sang-hee, a daughter from a divorced family, who travels to Jeju Island in search of her mother, whom she last met ten years ago. The film features performances by Kim Min-hee, Choi Myung-gil, Kwon Hae-hyo, Shin Seok-ho, and Park Mi-so.In this project, Hong took on multiple roles, including producer, screenwriter, director, cinematographer, sound engineer, editor, and composer. Kim Min-hee not only starred in the film but also served as the production manager.This marks the fifth time a film by Hong has been invited to the Locarno Film Festival. His previous works include 'Our Sunhi,' which won the Best Director award in 2013, and 'Right Now, Wrong Then,' which received the Golden Leopard and Best Acting awards in 2015. 'Hotel by the River' won the Best Acting award in 2018, and 'In Front of Your Face' won the Best Acting award in 2024.Kim Min-hee, who won the Best Acting award at the 77th Locarno Film Festival in 2024 for Hong's 'In Front of Your Face,' has now received the same award at the festival for the second time. This year's Best Acting award was shared between Kim Min-hee and Italian actress Monica Bellucci.Since 2023, the Locarno Film Festival has combined the Best Actor and Best Actress awards into a single Best Acting award.The Ecumenical Jury Award, which 'In Front of Your Face' also received, is an independent award given by a jury from the Swiss Protestant and Catholic churches. It honors works that convey messages about human life and dignity, social values, peace and human rights, and spiritual dimensions.The film features Kwon Hae-hyo, Shin Seok-ho, and Park Mi-so, who have appeared in several of Hong's previous works. Choi Myung-gil, primarily known for her work in dramas, collaborated with Hong for the first time in 'In Front of Your Face.'Hong and Kim attended the film screening and a Q&A session with the audience. Kim shared, "This is the first film I shot after having a baby. During filming, I brought my baby to the set, and I was busy preparing for the film while also taking care of the baby, including breastfeeding and making baby food." She added, "I think I was in a healthy state of mind, having completed all the preparations for the baby before focusing on the film."Hong expressed his joy in being able to discuss his film with the audience, stating, "In the past, I used to have such opportunities in Korea, but due to personal circumstances and various reasons, these occasions have become rare."The Golden Leopard, the top award at the 79th Locarno Film Festival, was awarded to Romanian director Florin Serban for 'You Do Not Belong Here.' The Jury Special Award went to the Brazilian-German co-production 'The Riverbank,' directed by Mateus Parias and Enock Carvalho.'In Front of Your Face,' which premiered at the Locarno Film Festival, is set to be released in South Korea in the second half of this year.* This article has been translated by AI. 2026-08-16 00:52:00