South Korea\'s government said it will accelerate a mega project, with 353 trillion won in investments set to begin this year through construction starts or facility expansions. President Lee Jae-myung called for parallel procedures, shorter timelines and regulatory improvements, and ordered steps to enable early use of the Gwangju military airport site as a semiconductor industrial complex. The plan also detailed power and water supply schedules and expanded support measures for robots, parts suppliers and smaller firms.

LG Electronics posted its highest-ever second-quarter sales and operating profit, reporting revenue of 23.83 trillion won and operating profit of 1.58 trillion won. Sales rose 14.9 percent and operating profit jumped 147 percent from a year earlier. Revenue edged up from the previous quarter, while operating profit fell. The company said growth was led by home appliances, supported by sports events and vehicle solutions, with profitability helped by cost efforts and a one-off tariff refund.