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President Lee: Ignore Criticism of Policy Changes President Lee: Ignore Criticism of Policy Changes

President Lee Jae-myung stated that the government should not be overly concerned about criticism regarding policy changes made in response to National Assembly feedback. During a Cabinet meeting at the Blue House, he emphasized that while the government should strive to present the best proposals, it is normal for policies to evolve during the legislative review process.Lee remarked, "Some articles criticize the government for being inconsistent when it accepts the National Assembly's opinions

Controversy Erupts Over Compensation for Descendants of Donghak Peasant Revolution Participants Controversy Erupts Over Compensation for Descendants of Donghak Peasant Revolution Participants

The Jeonbuk Special Self-Governing Province has decided to provide an annual allowance of 1.2 million won to 723 descendants of participants in the Donghak Peasant Revolution, sparking a heated debate on online communities. Some netizens have raised concerns about equity, arguing that support should prioritize descendants of other historical contributors, such as independence activists and Korean War veterans.On August 25, Jeonbuk announced that, under the "Ordinance on Supporting Commemoration

Special Prosecutors Indictments to Face Court in September Amid Insurrection Charges Special Prosecutor's Indictments to Face Court in September Amid Insurrection Charges

The second comprehensive special prosecutor team, led by Kwon Chang-young, will begin court proceedings next month regarding indictments stemming from investigations into allegations left by the third special prosecutor. Key cases, including involvement in martial law, military blacklists, and the leak of investigation information related to deceased Marines, have been scheduled for hearings, putting the special prosecutor's ability to prove guilt to the test.According to legal sources on the 25

U.S. Treasury Yields in Focus Ahead of Jackson Hole Meeting U.S. Treasury Yields in Focus Ahead of Jackson Hole Meeting

Domestic government bond yields remain elevated as the market closely watches the upcoming keynote address by Kevin Warsh, Chair of the U.S. Federal Reserve, at the Jackson Hole meeting. If uncertainty regarding the Fed's interest rate path diminishes, there are expectations for further stabilization in domestic long-term rates.On August 25, the yield on three-year government bonds in Seoul closed at 3.836%, down 0.6 basis points from the previous trading day. The yield on 10-year bonds fell 1.5

Apartment Prices Surge 15% in Seoul, Sparking Outrage Among Young Adults Apartment Prices Surge 15% in Seoul, Sparking Outrage Among Young Adults

Young adults are expressing outrage on online communities as they compare apartment prices from a decade ago to current rates.On August 25, various online forums featured a post titled '2015 Apartment Transaction Statistics (based on 24 pyeong).' The post included data showing the average transaction prices for 24-pyeong (approximately 55-60 square meters) apartments in Seoul from 2015. Notably, the figures indicated that apartments in Gangnam and Seocho districts were priced at 680 million won,

Democratic Party Launches Innovation Task Force for Strategic Development Democratic Party Launches Innovation Task Force for Strategic Development

The Democratic Party has launched an Innovation Task Force (TF) for its think tank, the Democratic Research Institute, aiming to enhance its independent role and utilize artificial intelligence (AI) technology to develop strategies for a winning party.On the afternoon of August 25, the Democratic Party held its first meeting for the Innovation TF at the National Assembly, marking the beginning of efforts to evolve the Democratic Research Institute into a strategic hub for the ruling party.Kang D

Jang Dong-hyuk Marks One Year as Leader of People Power Party Jang Dong-hyuk Marks One Year as Leader of People Power Party

Jang Dong-hyuk, leader of the People Power Party, is set to hold a press conference on August 26 to mark his first anniversary in office and outline the party's direction for the second half of his term. Amid speculation that Jang is advocating for a shift towards a 'member-centered' party structure to strengthen his leadership, both party insiders and outsiders are keenly awaiting the upcoming reform plan.According to the People Power Party, Jang plans to conduct the anniversary press conferenc

Korea Railroad Corporation Hosts Forum on High-Speed Rail Integration and Future of Rail Industry Korea Railroad Corporation Hosts Forum on High-Speed Rail Integration and Future of Rail Industry

The Korea Railroad Corporation (KORAIL) held a forum to discuss the direction of innovation and future vision for the rail industry ahead of the integration of high-speed rail in September.KORAIL announced on the 25th that it co-hosted the 'Future Rail Forum' with the Korean Association for Public Administration on the 24th at its headquarters in Daejeon.The forum aimed to share the benefits of high-speed rail integration for the public and discuss the future vision of the rail industry. It also

Korean Game Companies Target European Market at Gamescom Korean Game Companies Target European Market at Gamescom

Major game companies are skipping Korea's largest gaming expo, G-Star, to participate in Gamescom, the world's largest gaming event, in Germany. As the share of overseas sales for domestic game companies increases, the stage for unveiling new titles and connecting with global users is shifting from Korea to international venues.According to the gaming industry on August 25, Krafton, NCSOFT, Nexon, and Pearl Abyss will showcase new titles at Gamescom 2026, which begins on August 26 in Cologne, Ge

U.S. and South Korea Confirm Commitment to Cooperation Amid North Korea Dialogue Prospects U.S. and South Korea Confirm Commitment to Cooperation Amid North Korea Dialogue Prospects

U.S. President Donald Trump has expressed a willingness to meet with North Korean leader Kim Jong Un, sending a strong signal of interest. In light of this, the foreign ministers of South Korea and the United States have agreed to maintain close communication and cooperation, raising hopes for a resumption of dialogue between the U.S. and North Korea. On August 25, the Ministry of Foreign Affairs reported that Minister Cho Hyun and Secretary of State Marco Rubio held a 30-minute phone call the