China Replaces Shenzhen Mayor Ahead of APEC Summit
In a significant leadership change ahead of the Asia-Pacific Economic Cooperation (APEC) summit in November, Shenzhen has appointed a new mayor. The recent reshuffling of local government leaders in major Chinese cities has drawn attention as the country prepares for the 21st National Congress of the Communist Party next year.On August 24, the Standing Committee of the Shenzhen People's Congress announced the appointment of Li Yun, 53, as the city's deputy mayor and acting mayor. He replaces Che
Bitcoin Surpasses $80,000 for the First Time in Three Months
Bitcoin's price has surpassed $80,000 (approximately 110.77 million won) for the first time in over three months. The decline in the dollar's value, driven by U.S. fiscal concerns and treasury buybacks, has revived interest in alternative assets like gold and Bitcoin, known as the 'debasement trade.' Additionally, expectations for regulatory easing in the cryptocurrency market and significant inflows into spot Bitcoin ETFs have contributed to this surge.According to global cryptocurrency market
Democratic Party Forms Police Reform Task Force Led by Kim Nam-hee
The Democratic Party announced on August 25 that it has established a police reform task force under the leadership of Representative Kim Nam-hee. The party plans to form the task force with Kim and Secretary-General Han Jeong-ae at the helm, signaling the start of its activities.In a statement released that morning, the Democratic Party confirmed that Kim has been appointed as the head of the task force.The party explained its choice of Kim, stating, "As a lawyer, Kim is well-suited to reflect
Democratic Party Launches Integration Task Force to Broaden Membership
The Democratic Party of Korea launched an integration task force on August 25, aiming to strengthen internal unity and expand its membership by recruiting talent from both progressive and conservative backgrounds. Kim Min-seok, the party leader, announced plans to pursue a broad recruitment strategy without being limited to specific factions.During the first meeting of the task force held at the National Assembly, Kim emphasized the goals of a 'winning integration' and a 'sustainable integration
ISS and Sustainalytics Support Candidate for Korea Zinc Audit Committee Ahead of Shareholder Meeting
As Korea Zinc prepares for its extraordinary shareholders meeting next month, major domestic and international proxy advisory firms are backing Chairman Choi Yoon-bum's candidate.Following the recommendation from domestic firm Sustainalytics, global proxy advisory firm ISS has also advised support for Baek In-kyu, the candidate recommended by Korea Zinc's board. This development could influence the voting outcome at the extraordinary shareholders meeting scheduled for next month.According to ind
Government Confirms 400,000 Tons of Public Rice Reserves for 2026
The government has confirmed that it will purchase 400,000 tons of public rice reserves this year. The interim settlement price for the rice will be set at 60,000 won per 40-kilogram bag, an increase of 20,000 won from previous levels. The Ministry of Agriculture, Food and Rural Affairs announced on August 25 that this decision was finalized during a Cabinet meeting as part of the '2026 Public Rice Reserve Implementation Plan and 2027 Government-Managed Grain Supply Plan.' Of the 400,000 tons
Im Yi-ja proposes economic council to ruling party, urging tangible results for citizens
Im Yi-ja, chair of the People Power Party's Policy Committee, proposed on August 25 that the Democratic Party establish an economic council to address citizens' needs. She suggested forming a working group between the policy chairs of both parties before gradually restoring the economic council.During a party meeting at the National Assembly, Im stated, "What the public wants is not a special law for the cancellation of charges (manipulated prosecutions), but an economic council for the people."
Ruling Party Intensifies Criticism of Lawmaker Over 5·18 Controversy
The Democratic Party intensified its criticism on August 25 of Lee Jin-sook, a lawmaker from the People Power Party, amid the controversy surrounding her remarks about the 5·18 Gwangju Democratization Movement. The party also passed a resolution in the National Assembly's operating committee, calling for her expulsion, which was submitted on August 14.During a strategy meeting held at the National Assembly, Democratic Party lawmakers targeted both Lee and the People Power Party. Han Byeong-do, t
Oh Se-hoon and Han Dong-hoon Attend Seminar, Challenge Jang Dong-hyuk's Leadership
Oh Se-hoon, the mayor of Seoul and a potential candidate for the presidency, and independent lawmaker Han Dong-hoon gathered on August 25 to express their concerns about the leadership of Jang Dong-hyuk. Oh stated, "We need additive and multiplicative politics rather than subtractive and divisive politics," while Han criticized the party's drift towards factionalism.The two attended the 10th Korea Future Innovation Forum seminar held at the National Assembly, which was led by lawmaker Kim Ki-hyu
U.S. Expands Economic Sanctions Against Iran, Targeting Third-Party Entities
The United States has intensified its economic pressure on Iran by expanding secondary sanctions targeting third-party companies that engage in trade with the country. The sanctions focus on cutting off funding across various sectors of the Iranian economy, including digital assets, technology, gold, aviation, and shipping. This move comes as the conflict between the U.S. and Iran enters its sixth month, with the Trump administration ramping up economic sanctions following military pressure.Acco