[News Space=Reporter seungwon lee] The Ministry of Agriculture, Food and Rural Affairs announced the interim results of a special audit of the National Agricultural Cooperative Federation (NACF) on January 8, 2026, revealing excessive spending on overseas travel expenses by NACF Chairman Kang Ho-dong, sparking widespread controversy over wasteful spending on public funds. Chairman Kang, currently under police investigation for bribery, is facing increasing criticism amidst discussions on NACF reform. Exceeded travel expenses, breaking the limit on all five occasions Chairman Kang Ho-dong was f
[News Space=Reporter seungwon lee] Naver Cloud, which is participating in the Korean government's 'National Sovereign AI' project, has admitted to having installed Alibaba's vision encoder in its model, putting the Korean version of the sovereign AI strategy on a fundamental test. With one of the five teams eliminated in the first evaluation on January 15th, tensions are clashing head-on between the government's principle of a "domestic model designed from scratch" and the use of global open source. The Shadow of China's Qwen Encoder Revealed by 'Cosine 99.51%' According to an analysis release
[News Space=Reporter seungwon lee] Bukwang Pharmaceutical has finalized a contract to acquire Korea Union Pharmaceutical, currently undergoing rehabilitation proceedings, for 30 billion won, making a bold move that will increase production capacity by approximately 30% and significantly strengthen its portfolio centered on antibiotics and injectables. The deal is believed to reflect OCI Group's strategic intent to increase its market share to over 17% and foster pharmaceuticals and biotechnology as new growth engines. Stalking Horse M&A Structure The merger and acquisition between Bukwang
[News Space=Reporter seungwon lee] Minister of Employment and Labor Kim Young-hoon met with reporters at the Sejong Government Complex on the 5th and strongly criticized Coupang's alleged cover-up of an industrial accident and the recent massive personal information leak, directly asking, "Can they be fixed?" He reflected on Coupang's stance during the National Assembly hearing held on December 30-31 last year, saying, "Before the hearing, I thought they could fix things, but I couldn't sit still, wondering if they would actually succeed." He expressed regret, saying he had hoped Coupang would
[News Space=Reporter seungwon lee] Immediately after the arrest of former Venezuelan President Nicolas Maduro, the White House posted a determined black and white photo of President Donald Trump on its official Twitter account along with a strong message that read, "No more games. FAFO (F**k Around and Find Out)." The photo was taken on October 30, 2025, at the Gimhae International Airport terminal in Busan, shortly after President Trump held a bilateral meeting with Chinese President Xi Jinping at Gimhae Air Base for approximately 100 minutes during his visit to South Korea for the APEC summi
[News Space=Reporter seungwon lee] With a string of large-scale initial public offerings (IPOs) in the KOSPI market scheduled for 2026, a record-breaking IPO market is expected. The IPO fever, which began in the fourth quarter of 2025, is expected to continue this year. According to investment banking (IB) industry sources on the 2nd, K Bank, Musinsa, SK Ecoplant, and HD Hyundai Robotics are preparing for KOSPI listings. Heungkuk Securities forecasts that 86 new companies will list in 2026, with an IPO volume of 7.2 trillion won. This represents an 11.7% increase in the number of companies and
[News Space=Reporter seungwon lee] CJ Olive Young announced on the 4th that the number of brands that will record over 10 billion won in annual sales across its online and offline channels by 2025 has reached 116. The number of "10 Billion Club" brands, which stood at just 36 in 2020, has more than tripled in just five years, demonstrating Olive Young's position as a key incubator in the K-beauty ecosystem. Last year, six brands surpassed 100 billion won in annual sales at Olive Young: Dr.G, Dalba, Round Lab, Mediheal, Clio, and Torridon, doubling the previous year's sales. Mediheal, in partic
[News Space=Reporter seungwon lee] The 2026 JP Morgan Healthcare Conference (JPMHC), the world's largest pharmaceutical and bio investment conference, will be held from January 12 to 15 at the Westin St. Francis Hotel in San Francisco, USA, with approximately 1,500 companies and over 8,000 participants. At this year's event, Korean companies such as Samsung BioLogics and Celltrion are expected to dominate the main track, the Grand Ballroom, capturing the attention of global investors. Amidst the announcements of mid- to long-term strategies by global big pharma and biotech companies, the lineu
[News Space=Reporter seungwon lee] It has been claimed that Mr. Cho, the domestic distributor of the famous running shoe brand Hoka, called subcontractors to an abandoned building in Seongsu-dong, Seoul and indiscriminately assaulted them. As the recording of the situation at the time and the victim's statement were released through JTBC and MBC reports, the owner risk of Joyworks & Co. (309930) became a reality, and the repercussions are spreading. An incident occurred in which Mr. Cho, the head of Hoka's domestic distributor, summoned subcontractors to a closed church building in Seongsu
[News Space=Reporter seungwon lee] Lee Boo-jin, president of Hotel Shilla, was captured on television watching the NBA game between the Golden State Warriors and Utah Jazz with her son, Lim Dong-hyun, from a courtside front row seat. During the game at Chase Center in San Francisco on January 3 (local time), Lee's elegant demeanor and her son's protective instincts became a hot topic, and were reported on by both domestic and international media outlets. NBA Stadium Moments The CEO, wearing a beige turtleneck and drop earrings, was seen clapping and applying lipstick while filming the game wit
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UPDATE: 2026년 01월 08일 23시 44분
