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Daewoo E&C moves closer to Mozambique LNG megaproject SEOUL, August 07 (AJP) -Daewoo Engineering & Construction has taken a major step toward securing one of Africa's largest energy projects after receiving a letter of intent to lead engineering, procurement and construction work on the first phase of Mozambique's Rovuma LNG development, reinforcing South Korea's presence in the global race to expand liquefied natural gas capacity. The company said Friday that ExxonMobil Mozambique, the project operator, selected the SMDC joint venture—comprising Daewoo E&C, Italy's Saipem, U.S.-based McDermott and China's CPECC—as the preferred EPC contractor for the project's midstream LNG liquefaction facilities. The letter of intent authorizes the consortium to begin front-end engineering refinement, procurement preparation and constructability reviews ahead of a final investment decision, which ExxonMobil aims to complete by the end of this year. A full EPC contract is expected to follow if the project receives final approval. The Rovuma LNG Phase 1 project will develop the giant Area 4 offshore gas field in northern Mozambique and build an LNG liquefaction complex capable of producing 18.6 million metric tons annually, together with a large gas-fired combined-cycle power plant and related infrastructure. The project is designed as an electrically driven LNG facility that replaces conventional gas turbines with electric motors to reduce carbon emissions and improve energy efficiency. Commercial operations are targeted for 2031. The project is owned by Rovuma Venture, a consortium led by ExxonMobil, Italy's Eni and China's CNPC through Mozambique Rovuma Venture, alongside Mozambique's state energy company ENH, Korea Gas Corp. (KOGAS) and Abu Dhabi's XRG. For South Korea, the project extends its footprint in global LNG infrastructure beyond gas imports. KOGAS already holds a 10 percent stake in the development, while Daewoo E&C's selection as a prime contractor strengthens Korea's role across both upstream investment and downstream engineering. The appointment also reinforces Daewoo E&C's standing in one of the world's most technically demanding construction markets. LNG liquefaction plants require specialized cryogenic technology capable of processing natural gas at temperatures below minus 162 degrees Celsius, a market historically dominated by a handful of global contractors including Bechtel, McDermott, Saipem and Japan's JGC. Daewoo E&C became the first South Korean builder to join that group as a prime contractor through Nigeria LNG Train 7 in 2020. Its selection for Rovuma LNG further establishes the company as one of the few Asian contractors capable of leading large-scale LNG liquefaction projects rather than serving only as a subcontractor. The project also comes as demand for LNG infrastructure is expected to remain robust despite the global energy transition. Rapid growth in artificial intelligence, hyperscale data centers and electricity consumption has revived interest in natural gas as a lower-carbon transition fuel capable of supporting increasingly power-intensive economies. If the final investment decision proceeds as planned later this year, Rovuma LNG would become one of the largest new LNG developments launched globally in recent years and a significant overseas order for South Korea's engineering industry. At 02:12 p.m. Friday, shares of Daewoo E&C were trading 3.26 percent lower at 16,330 won. August 7, 2026 14:2 -
Police raid KFA as World Cup fiasco revives coach probe SEOUL, August 06 (AJP) - South Korea's football association was raided by police Thursday after its former president and former national team coach were grilled by lawmakers over the country's embarrassing exit from the latest FIFA World Cup. The Seoul Metropolitan Police Agency searched the Korea Football Association's headquarters in Cheonan and the KFA House in central Seoul under a warrant on suspicion of obstruction of business through deceptive means. Investigators seized records from the association's National Team Committee, national team division and World Cup support unit, along with forensic data from mobile phones and computers used by officials involved in the coaching selection. Police are investigating whether then-KFA President Chung Mong-gyu and then-technical director Lee Lim-saeng bypassed the association's rules and improperly influenced decisions reserved for the National Team Committee and the board. Former national team coach Hong Myung-bo was questioned as a suspect on Aug. 4 over how he became a candidate and whether he held prior discussions with senior KFA officials before the formal selection process. Police have consolidated nine complaints alleging offences including obstruction of business, coercion and breach of trust. The institution came under scrutiny and public outcry after South Korea failed to advance beyond the group stage of the 2026 World Cup, losing 1-0 to both Mexico and South Africa after opening with a 2-1 victory over the Czech Republic. Hong resigned on June 29 as criticism intensified over both the team's performance and the process that brought him to the job. The probe tracks down the five-month search launched after Jurgen Klinsmann was dismissed in February 2024. National Team Committee Chairman Chung Hae-sung resigned shortly before a final decision was made, leaving Lee to oversee the remainder of the search. A subsequent Sports Ministry audit found that Lee was neither a member nor the formally appointed chairman of the committee and had not been delegated authority to recommend a candidate. Nevertheless, he interviewed and ranked the three finalists before selecting Hong. According to the ministry, Lee conducted formal interviews in Europe with two foreign finalists, widely reported to have been Gus Poyet and David Wagner, but met Hong privately at about 11 p.m. on July 5, 2024, at a bakery near Hong's home without an observer, prepared questions or a separate tactical presentation. The ministry also found that Hong had been tied with a foreign candidate in committee recommendations, contrary to the KFA's public portrayal of him as the clear first choice. It further concluded that announcing Hong's appointment before obtaining written board approval effectively reduced the board's role to a formality. In November 2024, the Sports Ministry concluded that the appointment process contained serious procedural defects and sought disciplinary action against Chung, Lee and another senior KFA official, while stopping short of declaring Hong's contract invalid. The Seoul Administrative Court reinforced that finding in April, rejecting the KFA's attempt to overturn the ministry's disciplinary measures and ruling that the association had acted improperly in handling the coaching appointment and other governance matters. The KFA has appealed. Hong has denied receiving preferential treatment, telling a parliamentary hearing on July 30 that he believed the appointment process complied with the rules when he accepted the position. The KFA has likewise argued that its regulations did not prescribe a single interview format and that Lee was authorized to complete the search after the committee chairman resigned. The ministry's audit and the court ruling, however, do not by themselves establish criminal liability. Investigators must still prove that KFA officials intentionally used deception or improper influence to interfere with the National Team Committee's or the board's legitimate decision-making authority. The KFA said it would cooperate fully with the investigation, which remains at the evidence-gathering stage. August 6, 2026 15:2 -
South Korea Soccer Team to Face Ecuador and Uruguay in September Friendlies The South Korea national soccer team, currently without a head coach, has finalized its schedule for four international friendlies in September and October.The Korea Football Association announced on August 5 that the team will face Ecuador and Uruguay in friendly matches to be held domestically in September.The first match against Ecuador is set for September 24, just before the Chuseok holiday, followed by a game against Uruguay on September 28. This will be followed by previously scheduled matches against Venezuela on October 2 and Uzbekistan on October 6, totaling four friendlies.The specific venues and times for these matches have yet to be determined and will be announced later.Currently, the national team is without a formal head coach. Hong Myung-bo stepped down after the team was eliminated in the group stage of the 2026 FIFA World Cup, and the Korea Football Association has decided to conduct the September and October friendlies under an interim coaching arrangement until a new head coach is appointed.Ecuador, South Koreas first opponent in September, is ranked 25th in the FIFA rankings, ahead of South Korea, which is ranked 32nd. Ecuadors strong defense allowed only five goals in 18 matches during the South American qualifiers, finishing second behind Argentina to secure a spot in the World Cup. In the group stage, they advanced to the knockout round after defeating Germany in their final match but were eliminated by the host nation, Mexico.South Korea has a record of one win and one loss against Ecuador, with their most recent encounter in May 2010 at the Seoul World Cup Stadium, where South Korea won 2-0.Uruguay, South Koreas second opponent, is a traditional powerhouse in South American soccer, currently ranked 20th by FIFA. However, they finished third in their group during the World Cup, behind Spain and Cabo Verde, failing to advance to the knockout stage.South Korea has struggled against Uruguay historically, with a record of 1 win, 2 draws, and 7 losses in 10 matches. They have faced Uruguay three times in World Cup tournaments (1990 in Italy, 2010 in South Africa, and 2022 in Qatar) without a victory, recording 1 draw and 2 losses. In their most recent match in March 2023 at the Seoul World Cup Stadium, South Korea lost 2-1.* This article has been translated by AI. August 6, 2026 08:3 -
Global Smartphone Revenue Hits Record High Despite Declining Shipments Global smartphone revenue reached an all-time high in the second quarter, driven by an increase in average selling prices (ASP) despite a decline in shipments. As smartphone manufacturers raise prices due to soaring memory costs in the AI era, the market is rapidly shifting from a focus on volume competition to value competition.Apple and Samsung continued their growth by expanding sales of premium products and maintaining cost competitiveness, while Chinese manufacturers, which rely heavily on mid-range products, faced the dual challenges of rising costs and declining demand.According to market research firm Counterpoint Research, global smartphone revenue in the second quarter of this year increased by 7% year-on-year to $109 billion, setting a record for the second quarter. Although shipments decreased during the same period, the ASP rose by 17% to $400, driving revenue growth. The ASP also reached its highest level for the second quarter.The market structure is changing rapidly. Analysts note that while expanding shipments used to be the key to growth, the focus has now shifted to increasing the share of premium products and raising prices. Ongoing memory supply shortages and rising component prices due to increased demand for AI servers have led smartphone manufacturers to reflect these cost pressures in their product pricing.“The global smartphone market has entered a phase where value growth is the key driver rather than shipment growth,” said Silpi Jain, a senior analyst at Counterpoint Research. “As the entry-level market shrinks and cost pressures increase, manufacturers are focusing on selling premium products and expanding the share of high-capacity models.” She added that installment and trade-in programs are enhancing access to premium products in emerging markets.Apple emerged as the biggest beneficiary, achieving a record revenue share of 49% in the second quarter. Its revenue increased by 22% year-on-year, with shipments and ASP rising by 13% and 8%, respectively.Strong sales of the iPhone 17 series drove these results, particularly the base model and the iPhone 17 Pro Max, which exceeded expectations, maintaining a sales structure centered on premium products. Unlike competitors who significantly raised prices due to rising memory costs, Apple successfully expanded its market share while keeping prices stable for its key models.Tarun Pathak, research director at Counterpoint Research, noted, “Apple was relatively less affected by memory supply issues and absorbed cost increases internally, maintaining its price competitiveness. Its performance was particularly strong in China, Europe, and emerging markets, and the price increases by Android manufacturers further highlighted its relative competitiveness.”Samsung also maintained a stable growth trajectory, ranking second with a 16% revenue share. Its revenue and shipments both increased by 9%, while the ASP remained stable compared to the previous year. Strong sales of the Galaxy A series drove shipment growth, and the success of the Galaxy S26 series supported premium product performance. The company also recorded double-digit growth in the Middle East, Africa, and North America, contributing to its improved performance.Notably, Samsung effectively absorbed the impact of rising costs due to its vertically integrated structure, which allows it to source key components like semiconductors and displays in-house. By selectively adjusting prices for certain product lines, it maintained a stable ASP while securing both shipment growth and profitability.In contrast, Chinese manufacturers faced declining performance due to cost pressures. Xiaomi experienced the largest drop in shipments among the top five brands, with a 26% decrease in shipments and a 17% decline in revenue, although its ASP rose by 13%. However, due to its high reliance on entry-level and mid-range products, it bore the brunt of rising memory costs, and the price increases led to a drop in demand, preventing the ASP increase from offsetting the decline in shipments.Oppo and Vivo faced similar challenges. Both companies saw their ASP rise by 9% and 13%, respectively, but their revenues fell by 10% and 11%. Vivo recorded the highest ASP increase among major players, but its significant market share in price-sensitive segments could not prevent a decline in sales. Industry observers note that both companies are focusing on restructuring their product portfolios toward premium offerings to improve profitability.This trend is expected to continue in the second half of the year. With ongoing memory supply shortages and rising component prices likely to persist, smartphone manufacturers are expected to continue raising prices and focusing on premium strategies. As supply constraints become a more significant factor than demand in the market, the decline in smartphone shipments may widen in the coming months, and the ASP is expected to continue its upward trend.* This article has been translated by AI. August 5, 2026 15:2
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HMM to open India-East Africa container route in September SEOUL, August 05 (AJP) - HMM, South Korea's largest container carrier, said it would launch a new service linking India and East Africa in September, extending the hub-and-spoke network that has become the centerpiece of its expansion strategy. The service announced Wednesday, branded Gulf-India-East Africa (GIA), will connect the Indian gateway ports of Nhava Sheva and Mundra — where cargo from India and Central Asia converges — with Dar es Salaam in Tanzania and Mombasa in Kenya. It marks the carrier's second African feeder line under a strategy pursued since Choi Won-hyuk took over as chief executive. The first vessel is scheduled to depart Nhava Sheva in the fourth week of September, with about five container ships of 2,800 twenty-foot equivalent units deployed on the loop. HMM will run the route jointly with China's COSCO Shipping Lines, Singapore's Pacific International Lines and Taiwan's Interasia Lines, and plans eventually to extend the service into the Gulf. The new line complements HMM's existing north and west African route out of Algeciras, Spain, giving the carrier what it called a firm bridgehead across the continent. Kenya and Tanzania, both undergoing steady port and inland-logistics development, rank among East Africa's principal gateways. HMM has said it aims to grow its container fleet to 1.47 million TEU across 166 ships by 2030, and is securing feeder tonnage to work in tandem with its larger ocean-going vessels as shippers increasingly prize schedule reliability and destination reach amid a fractured global supply chain. "This India-East Africa service is an important milestone in extending our hub-and-spoke strategy across the whole of Africa," said an HMM spokesperson, adding that the company would keep building out its network in high-growth markets. August 5, 2026 09:4 -
HMM Launches East Africa Container Service to Expand African Network HMM announced on August 5 that it will launch a container service connecting India and East Africa, named GIA (Gulf - India - East Africa Service), starting in September.The GIA service is the second African branch of the container sectors Hub & Spoke strategy, which has been promoted since the appointment of President Choi Won-hyuk. It will connect East Africa with the Indian and Central Asian cargo hubs of Navashiva and Mundra.Previously, HMM began a West Africa service (MA2) based in Algeciras, Spain, in July. With the launch of GIA, the company is establishing a network linking East and West Africa.The first sailing will commence in the fourth week of September from Navashiva, deploying five 2,800 TEU container ships. The ports of call will be Navashiva (India) - Mundra (India) - Dar es Salaam (Tanzania) - Mombasa (Kenya). Four companies, including Chinas COSCO SHIPPING, Singapores PIL, and Taiwans INTERASIA LINES, will operate the service jointly, with plans to expand to the Gulf region in the future.By launching the East Africa route (GIA) following the North Africa and West Africa routes (MA2) based in Algeciras, HMM is solidifying its long-term network expansion across Africa. Notably, the newly added ports in Kenya and Tanzania are key gateways in East Africa, where port infrastructure and inland logistics development are ongoing, significantly enhancing service convenience for shippers.As global supply chain uncertainties grow, shippers are increasingly prioritizing stable schedules and diverse destination connectivity. HMM aims to respond flexibly to market changes by building a dense network that combines global services with regional feeder networks based on its Hub & Spoke strategy.To achieve this, HMM is continuously securing competitive feeder vessels that can synergize with its existing ultra-large ships. Recently, HMM upgraded its mid-to-long-term strategy, announcing plans to expand its container fleet to 1.47 million TEU and 166 vessels by 2030.An HMM official stated, The launch of the India-East Africa service marks an important milestone in expanding our Hub & Spoke strategy across Africa. We will continue to enhance our network in high-growth markets and improve customer satisfaction based on differentiated service competitiveness.* This article has been translated by AI. August 5, 2026 09:3
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Korean Finance Minister Proposes Major Tax Reforms, Exempting Properties Under $15 Million Koo Yun-cheol Proposes Major Tax Reforms, Exempting Properties Under $15 Million Koo Yun-cheol, the Deputy Prime Minister and Minister of Economy and Finance, appeared on KBS News9 to explain the key points of the 2026 tax reform plan. During the broadcast on August 3, Koo outlined the reforms objectives, stating, The first goal is to support economic growth by introducing a new domestic production tax credit this year, which includes provisions for small modular reactors (SMRs) as part of national strategic technologies. He added that the comprehensive tax reform plan also encompasses real estate tax reform, rationalization of tax expenditures, and adjustments to the family business inheritance deduction. Regarding the real estate tax reform, Koo emphasized, The most significant expected outcome is highlighting the residential aspect of housing as a place for people to live. To stimulate the sluggish housing market, Koo proposed incentives such as tax benefits for homeowners who sell properties they have lived in for over ten years. He also mentioned that landlords would receive benefits if they sell their properties within a certain period after the lease ends, aiming to increase the availability of homes on the market. On the threshold for increased tax burdens, set at a property value of 40 billion won (approximately $30 million), Koo noted, Only about 0.4% of homes fall into the category of properties valued at over 40 billion won, indicating that the plan aims to normalize taxation starting from the 40 to 50 billion won range. Bithumb Aims for IPO by 2028, Promises Enhanced Transparency Cryptocurrency exchange Bithumb has announced plans to complete its initial public offering (IPO) by 2028, focusing on establishing a transparent governance structure. On August 3, Bithumb disclosed its IPO progress on its official website, stating that it aims to prove management transparency and maximize corporate value. According to the timeline, Bithumb will prioritize enhancing its internal control systems and preparing for the transition to Korean International Financial Reporting Standards (K-IFRS) by the end of this year. The company plans to apply for preliminary listing review next year and complete the IPO process in 2028. Key preparations for a successful IPO include establishing a risk management system comparable to regulated financial institutions, improving management transparency through business restructuring, fostering a transparent market environment through proactive information disclosure, and collaborating with external experts to facilitate the listing process. Additionally, Bithumb has committed to establishing a transparent governance structure, strengthening compliance management, enhancing investor protection measures, securing sustainable growth drivers, and implementing a global-level management system. Ceuta Faces Ongoing Tensions After Influx of 60,000 Immigrants, 72 Dead The Spanish enclave of Ceuta in North Africa is grappling with severe repercussions following an unprecedented influx of 60,000 immigrants. While the wave of migration has subsided, internal community tensions are escalating, alongside growing criticism of Moroccos handling of the situation. According to Yonhap News on August 3, Ceuta authorities have regained control of the city, and most Moroccan immigrants have returned home. However, tensions remain high throughout the urban area, with at least 72 reported deaths among those attempting to cross the border. The most evident fallout is the ideological conflict among residents. A local resident identifying as a supporter of the far-right Vox party stated, We cannot open our doors to everyone, criticizing the left-leaning central governments immigration policies. Conversely, a group of leftist protesters gathered nearby, declaring, The communitys coldness towards those who desperately crossed the border is shameful. The situation for immigrants who crossed into Ceuta with hopes of reaching mainland Europe is dire. Many, misled by rumors on social media that the border was open, faced closed shops, police crackdowns, and hostility from some residents, shattering their hopes. Most have returned to Morocco, unable to endure hunger. Currently, fewer than 1,000 immigrants are estimated to remain in Ceuta, suffering from severe hunger due to strict security measures enforced by authorities. Japans Kumamoto Hit by Earthquake and Heatwave, Government Pledges $182 Million Japans Kumamoto Prefecture has been struck by a powerful 7.1 magnitude earthquake, resulting in 38 fatalities, compounded by an unprecedented heatwave exceeding 40 degrees Celsius (104 degrees Fahrenheit). As the suffering of evacuees intensifies, the Japanese government has promised significant budgetary support and administrative assistance. On August 3, local media reported that the maximum temperature in Kumamoto City reached 40.3 degrees Celsius, marking the first time temperatures have surpassed 40 degrees in the region. Following the earthquake on July 28, which has claimed 38 lives, the extreme heat has further complicated recovery efforts and the living conditions of evacuees. In response, Japanese Prime Minister Sanae Takaichi visited the affected area for the first time since the earthquake. She announced plans to allocate approximately 20 billion yen (about $182 million) for recovery efforts in Kumamoto. Additionally, Takaichi stated that the government would designate the situation as a specific emergency disaster to expedite various administrative procedures involved in the recovery process. A large ferry is scheduled to arrive at Yatsushiro Port in Kumamoto on August 4 to provide temporary housing and medical services for evacuees. Takaichis inspection was conducted using a Japan Ground Self-Defense Force helicopter, allowing her to assess the damage at the Aeon Mall Kumamoto, which suffered explosions and collapses, as well as the Yatsushiro paper mill, where a chimney had fallen. Defense Minister Orders Special Discipline Check Amid Operational Failures In response to ongoing concerns about operational discipline in frontline units, the Ministry of National Defense has initiated a comprehensive review of military conduct. On August 3, according to Yonhap News, Defense Minister An Gyu-baek convened an emergency meeting of key military commanders at the Joint Chiefs of Staff Operations Command Center to implement a special discipline check across the armed forces. An criticized recent operational failures, directing the establishment of a Joint Special Discipline Check Task Force led by the Defense Ministrys inspector general to focus on operational discipline and reporting systems until the conclusion of the Ulchi Freedom Shield exercise. He emphasized that the core of unit operations should be based on current operations and practical training grounded in fundamentals and principles, urging the military to become a strong force that earns public trust and instills fear in adversaries, remaining resilient against any threats. This initiative follows recent controversies regarding unarmed sentry duty at frontline outposts and a mistaken identification incident involving a U.S. drone. Prior to the meeting, military authorities decided to suspend and investigate Major General Han Gi-seong, commander of the Armys 1st Corps, due to accountability issues. Additionally, military leaders at the meeting analyzed recent North Korean activities and meticulously reviewed military readiness. They also committed to ensuring disaster preparedness within the military, considering the ongoing extreme heat and taking proactive measures to prevent casualties.* This article has been translated by AI. August 3, 2026 21:4
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Ceuta Faces Ongoing Crisis After Influx of 60,000 Migrants; 72 Confirmed Dead Ceuta, a Spanish enclave in North Africa, is grappling with the aftermath of an unprecedented influx of 60,000 migrants. While the large wave of immigration has subsided, tensions within the local community are escalating, alongside growing criticism of Moroccos handling of the situation.According to Yonhap News on August 3, Ceuta authorities have regained control of the city, and most Moroccan migrants have returned home. However, a palpable tension remains throughout the urban area. At least 72 migrants are reported to have died while attempting to cross the border.The most evident fallout is the ideological conflict that has erupted among residents. A local resident who identifies as a supporter of the far-right Vox party stated, We cannot open our doors to everyone, criticizing the left-leaning central government’s open immigration policy. Conversely, dozens of leftist protesters gathered across the street, declaring, We are ashamed of a community that has turned its back on those who desperately crossed the border.The situation for migrants who crossed into Ceuta with dreams of reaching mainland Europe is dire. Many arrived after hearing rumors on social media that the border was open, only to find closed shops, police crackdowns, and overt hostility from some residents. Ultimately, most were unable to endure the hunger and returned to Morocco in tears. Currently, fewer than 1,000 migrants are estimated to remain in Ceuta, and they are reportedly suffering from severe hunger due to the heavy police presence.As the situation stabilizes, various narratives are emerging regarding the underlying causes of the crisis. Multiple foreign analyses suggest that Spanish Prime Minister Pedro Sánchezs visit to Algeria on July 20 to expand gas pipeline cooperation may have provoked Morocco.Many reports indicate that Morocco intentionally loosened border controls to exacerbate the situation. The Spanish Defense Minister publicly referred to Moroccos actions as blackmail, noting that similar tactics were used in 2021.In international diplomatic circles, there is a prevailing view that Morocco has leveraged the migrant issue as a pressure tactic against Spain and the EU. Some speculate about a connection between Morocco and the U.S., particularly following former President Donald Trumps criticism of Spain as a terrible NATO partner, although specific links remain unverified.A local police officer in Ceuta, who requested anonymity, criticized, What is most concerning about this situation is that Morocco not only did nothing to prevent the influx of migrants but actually facilitated it.* This article has been translated by AI. August 3, 2026 20:4
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23 Lights Illuminate Gwanghwamun's Garden of Gratitude as a Memorial Platform On the evening of July 22, Gwanghwamun Square resonated with the clear voices of Ethiopian children singing Spring of My Hometown. The performers were the grandchildren of veterans from Ethiopias Kagnew Battalion, who fought for South Korea during the Korean War.As the performance concluded, 23 pillars of light symbolizing South Korea and the 22 nations that participated in the Korean War illuminated the square. The bonds formed on the battlefield 76 years ago were revived through music, light, and the friendship of future generations.The Garden of Gratitude in Gwanghwamun Square is evolving from a simple memorial space into a new memorial platform connecting South Korea with the world.Since its opening in May, the site has hosted various events, including a Korean War memorial ceremony, a joint cheering event for the South Africa World Cup, and a performance by the Ethiopian Kagnew Choir, bringing to life the history of friendship and solidarity with participating nations.Washington remembers names, Paris honors with flames... Seoul shines with 23 LightsGlobal memorial spaces do more than display the past; they engage citizens in ongoing remembrance. The Vietnam Veterans Memorial in Washington, D.C., features the names of 58,318 fallen and missing service members etched into a black granite wall, allowing visitors to reflect on their own images as they walk along the names.In Paris, the Tomb of the Unknown Soldier beneath the Arc de Triomphe is honored each evening with a ceremony to rekindle the Flame of Remembrance. This ritual, ongoing for over a century, has transformed the site into a national memorial.Seoul has chosen a different approach. Twenty-three stone pillars, each 6.25 meters tall, encircle the square, and at night, the 23 Lights of Gratitude connect as one beam.While Washington remembers through names and Paris honors with flames, Seoul expresses gratitude to the world for its role in safeguarding South Koreas freedom through these 23 lights.Beyond Remembrance: A Living Memory Engaging CitizensThe most significant feature of the Garden of Gratitude is that memory does not remain confined to exhibits.During the Korean War memorial ceremony held in June, flags from the 22 participating nations were raised in the square, and the 23 Lights of Gratitude were illuminated. This was the first official event attended by over 500 participants, including veterans organizations, youth, and citizens.During the Korean War commemorative week, citizens ran a 6.25-kilometer course connecting Gwanghwamun and Jeongdong, while children and youth participated in programs to experience the contributions of participating nations. An outdoor library featured books and films about the Korean War for the public.On the day of the South Korea vs. South Africa World Cup match, citizens and the South African ambassador to South Korea cheered together in the square, continuing the bonds formed 76 years ago through sports.Despite the varied formats of ceremonies, performances, running events, and sports cheering, the message remained consistent: freedom and prosperity in South Korea are not solely the result of its own efforts but are built upon the sacrifices and solidarity of nations worldwide.Freedom Hall Attracts 100,000 Visitors in Just Over Two Months: A New Model for MemorialsThe underground exhibition space, Freedom Hall, is also quickly drawing visitors. According to the Seoul city government, Freedom Hall, which opened on May 12, is nearing 100,000 cumulative visitors just two months after its launch. Following a record of over 62,000 visitors on June 21, more than 30,000 additional visitors have come in the past month.The media art exhibition allows visitors to experience the sacrifices of veterans and the growth of South Korea in a multidimensional way. It naturally conveys the message that todays freedom and prosperity are possible due to the sacrifices of the world, as South Korea has transformed from a recipient of aid to a provider.A Memorial Platform Representing South KoreaIn the fields of veterans affairs and culture, the Garden of Gratitude is being recognized as a new memorial model that extends the friendship between South Korea and the participating nations to future generations, beyond merely commemorating past sacrifices.Just as Washington and Paris have become global memorial landmarks symbolized by names and flames, Seoul is showing potential to grow into a representative space of memory for South Korea through its unique symbol of 23 Lights.A Seoul city official stated, The Garden of Gratitude is not just a space to remember the sacrifices of war but a place where citizens and future generations can experience the history of friendship and solidarity with participating nations in their daily lives. We will continue to develop it into a representative memorial platform of South Korea, where commemorative events, exhibitions, cultural arts, and international exchanges are continuously held. August 2, 2026 09:0
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European and U.S. Pressure Mounts Over Ceuta's Influx of 60,000 Migrants About 60,000 migrants surged into Ceuta, a Spanish enclave in North Africa, leading to escalating diplomatic tensions in Europe. While most migrants have returned to Morocco, Spain is facing pressure from the United States and Israel, as well as growing isolation within the European Union (EU).According to a report by Yonhap News, citing the French daily Le Monde, of the approximately 60,000 migrants who crossed into Ceuta from Morocco at the end of last month, over 48,000 have returned to Morocco. However, the political and diplomatic repercussions of this situation continue to spread.The most significant impact is being felt within Europe. Italy announced it would suspend the application of the Schengen Agreement specifically for Spain and close its maritime and air borders. Finland and Denmark have expressed support for this move. In response, the EU Commission stated that a temporary suspension of the Schengen Agreement is only permissible in cases of serious threats to member state security and must be communicated to the EU with sufficient justification.Some experts argue that since migrants entering Ceuta cannot move to mainland Spain without identity verification, it is difficult to view this situation as a direct threat to the Schengen system. Spanish Foreign Minister José Manuel Albares emphasized that the integrity of the Schengen area is absolutely guaranteed.Spanish Prime Minister Pedro Sánchez also appealed via his X account, stating, Now is not the time to sow division; we must continue to build a strong and united Europe.Analysis within Spain suggests that this situation is not merely a refugee issue but a geopolitical conflict. The director of the Madrid Center for Modern Arab Studies described the crisis as purely a political crisis, not an immigration crisis.The director of the Barcelona Center for International Affairs noted, The essence of this situation is geopolitical, pointing out that Spain has been participating in NATO missions at the Finland-Russia border since this year, making Finlands support for Italy unexpected.There are also suspicions regarding potential U.S. involvement. Various interpretations have emerged regarding Moroccos decision to allow tens of thousands of migrants to cross its borders. A political scientist from a university in Madrid claimed, We are witnessing the U.S. engaging in large-scale destabilization efforts, given its close ties with Morocco.Sánchez, one of the few leftist leaders in Europe, has clashed with U.S. President Donald Trump over key issues such as NATO defense spending, immigration policy, and the Iran conflict. Trump has criticized Spain as a terrible NATO partner and even mentioned the possibility of trade disruptions, labeling the Ceuta situation as a disaster created by weak laws, poor management, and overly progressive legislation.Israel has also joined the criticism. Israeli National Security Minister Itamar Ben Gvir mocked Spain, saying, Accept all residents of Gaza, while Israeli Ambassador to the UN Danny Danon questioned why Spain, which criticizes Israel, maintains territory in Africa.Domestically, it is widely believed that Sánchezs position will not be immediately shaken. A historian from the Barcelona Autonomous Community stated, The public is unlikely to fully accept the far-right narrative that immigration policy has led to a clash of civilizations, but noted that Sánchez is becoming increasingly isolated in Europe, and this situation could further consolidate right-wing voter support.* This article has been translated by AI. August 1, 2026 19:5
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Around 50,000 Migrants Return to Morocco as Ceuta Border Crisis Eases A border crisis erupted as approximately 50,000 to 60,000 migrants surged into Ceuta, a Spanish autonomous city in North Africa, but the situation has significantly calmed within a day.According to Yonhap News Agency, Spains Ministry of the Interior reported that on the second day of the crisis, at least 48,300 of the unauthorized entrants voluntarily returned to Morocco.The Spanish government estimated the number of unauthorized entrants at around 50,000, while local authorities in Ceuta suggested the figure could exceed 60,000.Currently, only thousands remain in Ceuta, and the Spanish government is deploying military personnel to assist with identity verification and repatriation procedures.Spanish Prime Minister Pedro Sánchez visited Ceuta and condemned the situation, stating, This is an attack and an infringement on Spains territorial integrity.Sánchez announced plans to establish a temporary reception center in Ceuta for processing migrant documentation and to expedite the deportation of unauthorized migrants. He also mentioned plans to install maritime boundary buoys along the coast to prevent further crossings.The Sánchez administration has recently adopted a lenient immigration policy within the European Union (EU), allowing around one million long-term undocumented migrants in Spain to apply for legal residency. However, this crisis may expose the government to criticism for failing to manage border security effectively.Various interpretations have emerged regarding the background of the crisis. Some experts suggest that the Moroccan government may have tacitly allowed the influx or used it for political purposes, particularly in light of recent warming relations between Spain and Algeria, which may have displeased Morocco.Concerns have also been raised that this incident could establish Ceuta as a major migration route to mainland Europe. Calls for the Sánchez government to restore border controls are growing, both domestically and within the EU, which is bound by the Schengen Agreement allowing free movement.Italy has announced the closure of its maritime and air borders with Spain. France has strengthened border checks with Spain, while Germany and Sweden have urged Spain to control the situation. U.S. President Donald Trump referred to the crisis as a disaster and criticized the Spanish government.In 2021, a similar situation occurred when 5,000 to 8,000 Moroccans crossed into Ceuta amid diplomatic tensions over the entry of a leader of the Western Sahara independence movement into Spain. The Moroccan government does not recognize Spains sovereignty over Ceuta and Melilla, both located in North Africa.* This article has been translated by AI. August 1, 2026 08:5
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Kia's Green Light Project Achieves Success in Albania and Zimbabwe Kia announced on July 31 that it has successfully completed its Green Light Project initiatives in Albania and Zimbabwe, transferring operational authority to local communities.The Green Light Project is Kias flagship social contribution initiative, launched in 2012 across 19 locations in 15 countries in Africa, Europe, and Asia. With this transfer, Albania and Zimbabwe become the 13th and 14th self-sustaining sites of the project.Since 2023, Kia has established a treatment center for children with disabilities in the Librazhdi region of Albania, providing rehabilitation therapy and caregiver training, benefiting approximately 4,300 individuals. The project also supports the production and distribution of local specialties for families of children with disabilities, helping to establish economic independence.In Zimbabwes Wedza region, Kia has developed solar-powered water facilities, irrigation systems, and fish farms, contributing to improvements in labor infrastructure, including support for mining equipment. The initiative has also provided self-sufficiency training to around 34,000 residents.Lee Deok-hyun, Executive Director of Kias Sustainable Management Office, stated, The core of the Green Light Project is to enable sustainable operations led by local communities even after the project period ends. We will continue to support the remaining five sites until next year and actively work to address global social issues.Meanwhile, Kia continues its various social contribution activities both domestically and internationally, including the Green Travel program supporting travel for people with disabilities and the Harmony program assisting multicultural youth in entering society.* This article has been translated by AI. July 31, 2026 09:00
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Hong Myung-bo Denies Team Discord Over Interview Boycott, Explains Tactical Decisions Hong Myung-bo, the head coach of the South Korean national soccer team, stated that there was no internal conflict within the team regarding the alleged interview boycott that arose during the 2026 FIFA World Cup in North and Central America.On July 30, Hong appeared as a witness at a hearing held by the National Assemblys Culture, Sports and Tourism Committee, where he denied allegations surrounding media interactions and player selections during the tournament.Previously, during a training session at the teams base camp in Guadalajara, Mexico, on June 8, some media members made inappropriate remarks towards the players, leading the team to refrain from participating in press conferences and interviews.During the hearing, lawmaker Jeong Yeon-wook from the People Power Party questioned Hong about rumors that he instructed players to end the interview boycott after the teams 1-0 loss to Mexico in the group stage, and that this led to conflicts with Son Heung-min (LAFC) and Lee Jae-sung (Mainz).In response, Hong firmly denied giving such an order, stating, That is not true. I have never instructed the players to conduct interviews. While the players had differing opinions, I believe the gap was not significant enough to affect the team. He added, Some players wanted to do interviews, while others felt they should wait until issues were resolved. Although there was no consensus, I hoped the matter would be resolved quickly through dialogue.He also dismissed claims that Son and Lees exclusion from the starting lineup in the third group match against South Africa (which ended in a 1-0 loss) was related to the controversy.That is completely false. The decision not to include the two players was a tactical judgment, Hong explained. I stood by the players and understood their perspectives well. He expressed disappointment that the issue originated from outside the team.Kim Jin-kyu, a former assistant coach who also testified, emphasized that the decision to exclude key players for the match against South Africa was not a retaliatory measure. When asked by lawmaker Choi Min-hee from the Democratic Party whether the exclusions were punitive, Kim replied, There was absolutely none of that. The exclusion of Son Heung-min and Lee Jae-sung was a tactical decision for game management. I do not believe their absence led to our loss in the match. July 30, 2026 16:24
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Former KFA President Chung Mong-kyu and Coach Hong Myung-bo Deny Allegations at National Assembly Hearing Chung Mong-kyu, former president of the Korea Football Association (KFA), and Hong Myung-bo, former head coach of the South Korean national football team, faced intense criticism following their teams exit from the group stage of the 2026 FIFA World Cup. They appeared at a National Assembly hearing on July 30, where they acknowledged the disappointing performance but denied allegations of opaque administrative practices and favoritism regarding the appointment of the head coach.The National Assemblys Culture, Sports and Tourism Committee convened the hearing to examine the KFAs operations, including the process of selecting the national team coach. Alongside Chung and Hong, witnesses included KFA vice presidents Lee Yong-soo and Kim Byung-ji, executive director Kim Seung-hee, and national team coach Kim Jin-kyu.During their opening statements, both Chung and Hong expressed regret over the teams World Cup results. Chung stated, I feel deeply sorry for the series of controversies and the unsatisfactory outcome of the World Cup. As the KFA president, I take full responsibility and apologize for not meeting the expectations of the public and football fans.Hong echoed this sentiment, saying, I want to first apologize to the public for not meeting their expectations during the World Cup. I take the responsibility seriously for not delivering on the hopes placed in the national team.A key focus of the hearing was the controversy surrounding Hongs appointment as head coach, which emerged in July 2024. At that time, the KFA had entrusted the appointment authority to Lee Im-sang, the former technical director, despite the Performance Enhancement Committee being ineffective. Lee conducted a late-night interview near Hongs home without any observers or a formal questionnaire, raising concerns about procedural legitimacy.Lawmakers scrutinized the opaque decision-making process that led to the final selection of the head coach, questioning the KFAs governance. When Representative Bae Hyun-jin of the ruling People Power Party pointed out procedural issues, Hong dismissed the allegations of favoritism. He responded, When I received the offer, I believed the process was normal. I understand that meeting near my home might seem opaque to the public, but I never requested any special treatment or benefits.Chung also defended the legitimacy of the appointment process, stating, I am not rejecting the results of the special audit by the Ministry of Culture, Sports and Tourism, but there are aspects that differ from the facts among various opinions. All coaches, including Hong, Jurgen Klinsmann, and Paulo Bento, were appointed through the same process.When Representative Lim Ok-kyung of the Democratic Party asked if the hearing would have taken place had the team advanced to the Round of 16, Chung replied, I believe this hearing would not have occurred if we had reached the Round of 16.Additionally, Hong addressed allegations regarding his high salary. In response to a claim by Democratic Party Representative Jeong Joon-ho that he earned 3.8 billion won, Hong clarified, Due to various legal clauses in the contract, I cannot disclose the exact amount, but it is definitely not 3.8 billion won. The amount was mutually agreed upon, and I never asked for more. I accepted the proposed amount as is.Meanwhile, Son Heung-min, who was excluded from the squad for the World Cup match against South Africa, made headlines by scoring multiple goals and being named the Most Valuable Player (MVP) at the Major League Soccer (MLS) All-Star Game held in North Carolina, USA, on the same day. July 30, 2026 16:04
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Amorepacific Group Reports 53% Increase in Q2 Operating Profit Amid Global Growth Amorepacific Group reported double-digit growth in both sales and operating profit for the second quarter of this year, driven by strong performance in key domestic and international markets. On July 30, Amorepacific Group announced that its consolidated sales for the second quarter reached 1.2543 trillion won, with operating profit at 122.8 billion won. These figures represent increases of 14.6% and 53.3%, respectively, compared to the same period last year. In the domestic market, key product categories such as luxury, dermacosmetics, and hair care experienced steady growth. Notably, online and multi-brand shop (MBS) channels saw double-digit growth, contributing to improved performance. The operating profit margin for domestic operations also reached around 10%. Internationally, the company continued to grow in key markets, including North America, Europe, the Middle East, and Africa (EMEA), and Japan. In EMEA, COSRX ranked first in the beauty category on Amazon in Germany and the UK, while in Japan, it was recognized as the top brand in the first half of the Qoo10 Japan Mega Beauty Awards 2026. Amorepacific, the groups flagship subsidiary, saw its sales and operating profit increase by 17% and 59%, respectively, driving overall group performance. Domestic sales rose by 10%, with operating profit up by 48%. By brand, Sulwhasoo and Hera showed strong sales across major channels, while AESTURA, led by its Atobarrier 365 line, demonstrated significant growth in MBS and online channels. The overseas business expanded its global growth base, with sales increasing by 28% and operating profit soaring by 99%. The performance in North America and EMEA was particularly strong, while Japan and the Asia-Pacific (APAC) markets also showed solid growth across key online and offline channels. In North America, AESTURAs Atobarrier 365 Cream achieved triple-digit sales growth through Amazon and Sephora channels. Conversely, brands such as Innisfree, Etude, Espoir, and Amos Professional experienced declines in sales and operating profit due to channel efficiency measures. However, Osulloc continued to grow, benefiting from increased online gift set sales and rising revenue from its Matcha Station and Matcha Noodle Bar at the Jeju Tea Museum. An Amorepacific Group representative stated, We are committed to leading the global beauty and wellness industry through our mid- to long-term vision, Create New Beauty. To achieve this, we are focusing on five strategic initiatives: nurturing key global markets, enhancing integrated beauty solutions, advancing bio-technology-based anti-aging research and development, fostering agile organizational innovation, and transitioning to AI-driven operations.* This article has been translated by AI. July 30, 2026 14:52