Politics
- Lee Jae-myung’s Resignation Press Conference: Lee Jae-myung, leader of the Democratic Party, announced his resignation in a press conference on the 24th, stating that if he had not resigned, a larger political crisis would have ensued. He hinted at a future bid for re-election.
- Speaker Woo’s Push for Constitutional Amendment: National Assembly Speaker Woo Won-shik stated at a press conference on the 24th that he would discuss a constitutional amendment for a four-year presidential term directly with President Yoon Suk-yeol.
- People’s Party Rep. Lee Chul-kyu’s Legal Case: Pastor Choi Jae-young, who gave a luxury bag to First Lady Kim Keon-hee, was investigated by the police on the 24th for allegations of illegal electioneering and defamation.
- New Patent Office Chief Kim Wan-ki’s Announcement: New Patent Office Chief Kim Wan-ki announced on the 24th that he would fully support Korean companies in securing key patents by enhancing examination and trial capabilities.
- Rep. Kim Seung-won’s Criticism of Special Prosecutor Han Dong-hoon: Democratic Party Rep. Kim Seung-won criticized Justice Minister Han Dong-hoon’s special investigation, stating that it would be difficult to obtain phone records during a radio interview on the 24th.
Economy
- Diageo Korea to Increase Whiskey Prices: Diageo Korea announced on the 24th that it would raise the prices of some whiskeys and tequilas by about 18% starting next month.
- Shinhan Bank and Sejong Telecom’s Token Securities Collaboration: Shinhan Bank is collaborating with Sejong Telecom to preempt the token securities market, including linking deposit accounts and supporting balances.
- NH Investment & Securities Lowers Hyundai Steel’s Target Price: NH Investment & Securities lowered its target price for Hyundai Steel by 10% due to sluggish domestic construction and weak Chinese domestic demand.
- Government’s Special Safety Inspection for Flight Delays and Cancellations: Ahead of the peak summer season, the government announced a special safety inspection for flight delays and cancellations.
- Tire Companies Seek Overseas Production Bases: Domestic tire companies are seeking new production bases in emerging markets like Southeast Asia to reorganize global supply chains.
Society
- FTC Investigation into Hybe: The Fair Trade Commission is investigating Hybe, designated as a large conglomerate, for allegedly submitting false designation data.
- Coast Guard Rescues Tourists: It was reported that an off-duty coast guard officer jumped into the sea to rescue tourists swept away by high waves.
- Record-high Apartment Prices in Seoul: Apartment prices in Seoul are on the rise, with complexes in the Gangnam area breaking record-high prices.
- Generative AI Solutions Unveiled: Golden Planet unveiled generative AI solutions to optimize corporate operations.
- Legislative Office’s Reverse Jeonse Measures: The National Assembly Legislative Investigation Office is reviewing measures to ease the requirements for return guarantee subscription in response to the reverse jeonse crisis for non-apartment houses.
World
- Ukraine’s Attack on Crimea: Debris from US-made long-range missiles used by Ukraine in an attack on Russian-occupied Crimea caused civilian casualties.
- Lottery Fever Among Chinese Youth: Amid economic slowdown and employment difficulties, Chinese youth are turning to lottery purchases, with small instant lotteries selling out quickly.
- Vietnam’s Human Trafficking Legislation: The Vietnamese National Assembly is reviewing a bill on human trafficking to establish legal grounds for penalizing the sale and purchase of fetuses.
- Saudi Heatwave Death Toll Rises: In Saudi Arabia, the death toll from the Islamic pilgrimage has increased sharply amid a heatwave with temperatures exceeding 50 degrees Celsius.
- Apple Intelligence Launch Delayed: Apple’s new AI technology, “Apple Intelligence,” is facing difficulties before its release due to regulatory issues.
Entertainment
- Song Kang-ho’s Drama Debut: Actor Song Kang-ho will make his drama debut with Disney+ series “Uncle Samsik,” depicting various desires and conflicts.
- Microdot’s Public Appearance: Rapper Microdot made his first public appearance in six years following his parents’ “debt scandal,” offering an apology.
- Kim Ho-joong’s DUI Indictment Controversy: Singer Kim Ho-joong admitted to DUI, but the police expressed regret over the exclusion of the DUI charge from his indictment.
- Starbucks Korea Event: Starbucks Korea will host a special event online on the 28th.