U.S. Commerce Secretary Howard Lutnick hinted at the possibility of imposing tariffs on semiconductor products. His plan aims to encourage global companies to invest in U.S. semiconductor manufacturing by alleviating tariff burdens for those that build factories in the country.In an interview with CNBC following the G20 Innovation Ministers' meeting in Chapel Hill, North Carolina, on September 2, Lutnick stated that the tariff policy would be "targeted and measured."He explained, "If you produce

President Donald Trump stated on September 2 that the recent military operations against Iran "won't last too long."According to Reuters, Trump made the remarks during a press briefing at the White House in response to questions about the duration of the renewed strikes against Iran. He said, "I don't know how much longer Iran can endure. But it doesn't matter how long it is." Trump emphasized, "We launched a strong attack on them last night. We destroyed all the new defensive and offensive equi

Last month, South Korea's foreign exchange reserves increased for the third consecutive month, driven by a rise in foreign assets.According to the Bank of Korea on September 3, the country's foreign exchange reserves stood at $442.28 billion at the end of August, up $14.33 billion from the previous month’s $427.95 billion. This marks three months of continuous growth since June.A Bank of Korea official explained, "The significant increase was due to a rise in foreign currency deposits at financi

Search efforts for six crew members missing after a tugboat capsized off the coast of Busan have so far been unsuccessful, despite overnight operations by the coast guard.According to the Busan Coast Guard, search operations were conducted from 7 p.m. the previous day until 6 a.m. today, utilizing flares, but no missing persons were located.The area where the tugboat A capsized (25 km wide and 12 km long) was divided into 15 zones, with 19 vessels deployed, including 11 coast guard ships, four n

An Indonesian crew member rescued from a capsized tugboat off the coast of Busan recounted the harrowing experience.On September 2, the crew member, identified as A, arrived at the Busan Maritime Police's dedicated dock. When asked by reporters about the incident, he said, "I was cooking, and I quickly left the kitchen to escape." A reportedly stayed on the stern of the vessel after it overturned.He was later spotted by a nearby cargo ship, which lowered a ladder for him to climb aboard and be r

A gold-colored dollar coin featuring the face of President Donald Trump went on sale at noon Eastern Time on September 2, according to CBS News. Although it is legal tender valued at one dollar (approximately 1,360 won), the selling price ranges from $1.55 (about 2,100 won) to $2.44 (about 3,300 won).According to the report, the coin's release was announced in July. The front of the coin features Trump's face along with the phrases 'Freedom,' 'We Trust in God,' and '1776–2026.' The reverse side

As news broke that BTS would perform in Busan, hotels quickly became bustling with activity. Rooms were rapidly booked, and prices soared. Even before the concert began, complaints of 'overcharging' emerged.According to a survey by the Fair Trade Commission and the Korea Consumer Agency, the average hotel price for a one-night stay in Busan during the BTS concert weekend was 433,999 won, which is 2.4 times higher than the weekends before and after. Motels saw a 3.3-fold increase, while hotel pri

The Italian Embassy in Seoul and the Italian Cultural Institute hosted the opening of the exhibition Italy at Frieze: The Golden Trace on September 1 at the Italian ambassador's residence in Hannam-dong, Yongsan-gu. This year marks the third iteration of Italy at Frieze, which is part of the global art fair Frieze Seoul 2026, running from September 2 to 5.This year's exhibition is curated by Valentina Bucci, who has worked in both Europe and Korea, and features a collaboration with renowned cont

Korean Minister of Trade, Industry and Energy Kim Jeong-kwan proposed the establishment of artificial intelligence (AI) standards that reflect the needs and experiences of the industrial sector during the G20 meeting. He emphasized the need to balance AI innovation with intellectual property protection and highlighted the importance of enhancing global supply chain resilience through the transition to manufacturing AI.The Ministry of Trade, Industry and Energy reported that Minister Kim attended