The Chinese stock market continued its decline on September 2, following a drop the previous day. The surge in international oil prices contributed to the negative sentiment. The Shanghai Composite Index closed down 0.97% at 3,941.39, the Shenzhen Component Index fell 1.88% to 13,611.55, and the ChiNext Index dropped 2.39% to 3,312.24.Tensions in the Strait of Hormuz escalated as the United States resumed airstrikes against Iran, prompting retaliatory attacks from Iran. This situation led to a s

Ryu Deok-hyun, the Senior Secretary for Economic Affairs at the Blue House, projected on September 2 that corporate tax revenue for next year will exceed 200 trillion won, driven by a boom in the artificial intelligence (AI) industry and the semiconductor sector. He also estimated that total national tax revenue would surpass 580 trillion won.During an appearance on CBS Radio's 'Park Seong-tae's News Show,' Ryu stated, "We expect corporate tax revenue from the semiconductor boom to be over 200 t

The South Korean government has reversed its plan to reduce benefits for the Individual Savings Account (ISA) just a month after its initial announcement. The proposal to limit the contract period to a maximum of five years and to prevent the carryover of unused contribution limits has been withdrawn. Existing and new subscribers can continue to utilize the general ISA as before.On September 1, the government finalized a tax law amendment during a Cabinet meeting, maintaining the current terms f

Independent lawmaker Jang Kyung-tae held a press conference on September 2, denying allegations of sexual assault and asserting that the incident in question involved dating violence. He reiterated his innocence, stating, "I have never committed any act of sexual assault," and released contents from a group chat to support his claims.During the press conference held at the National Assembly, Jang emphasized his innocence, saying, "I have had to delay my statement until now. Once again, I assert

Im Yi-ja, the policy chief of the People Power Party, criticized the resignation of Kim Yong-beom, the head of the Presidential Policy Office, stating, "It is not a matter that can be resolved by just one person resigning." She emphasized the need for a national audit and a special prosecutor investigation regarding the single-stock leveraged exchange-traded funds (ETFs).During her appearance on KBS 1 Radio's 'Current Affairs', Im stated, "The President needs to change the overall direction of g

The September mock exam for the 2027 College Scholastic Ability Test (CSAT) was completed, providing insights into the upcoming exam trends. According to analyses from education experts and the Korea Educational Broadcasting System (EBS), this exam successfully excluded so-called 'killer questions' that require mechanical problem-solving techniques often taught in private tutoring, while maintaining clear difficulty levels across subjects.The Korean and math sections were notably more challengin

Kim Jang-gyeom, a member of the National Assembly from the People Power Party, stated on September 2 that "the era of physical AI presents a prime opportunity for South Korea to take a leap forward."Speaking at the 2026 Good Growth Global Forum (GGGF) held at The Plaza Hotel in Seoul, Kim emphasized the need to combine the country's manufacturing strengths with the new capabilities offered by AI.He noted that the forum's theme, 'KOREA, State of AI,' highlights South Korea's robust industrial fou

Hong Ji-sun, the nominee for Minister of Land, Infrastructure and Transport, initiated a social housing policy during her tenure as the head of the Urban Housing Division in Gyeonggi Province. However, as the final year of the plan approaches, the flagship pilot project has yet to break ground. Ongoing issues with land acquisition and an inadequate financing structure for long-term leases have hindered progress.According to Gyeonggi Province and the Gyeonggi Provincial Assembly, Hong, while serv

Roberto Moreno, a Spanish coach, has been appointed as the interim head coach of the South Korean national soccer team. Moreno, who has no professional playing experience, began his career as a video analyst and is known for his tactical approach that emphasizes possession-based passing and strong pressing. However, concerns have been raised regarding his management skills and communication with players.The Korea Football Association approved the appointment of Moreno and five other interim coac