Kim Min-seok, leader of the Democratic Party, is set to meet with Jang Dong-hyuk, leader of the People Power Party, on August 24. This will be their first meeting since Kim took office, raising questions about the potential for bipartisan cooperation as he emphasizes expansion politics.According to the Democratic Party on August 21, Kim plans to meet with Jang on the 24th. On the same day, he will also hold a series of meetings with Shin Jang-sik, leader of the Justice Reform Party, Kim Jong-hoo

The Special Prosecutors' Office has indicted several key military figures in connection with allegations of covering up the 'VIP anger' related to the death of Marine Private Cha Soo-geun and the preparation for martial law on December 3.On August 21, the Special Prosecutors' Office announced that Hwang Yoo-sung, former head of the National Defense Security Command, Moon Yeon-cheol, former head of the Marine Corps Intelligence Unit, and Kim Gye-hwan, former commander of the Marine Corps, have be

Chung Dong-young, the Minister of Unification, stated on August 21 that President Donald Trump's push for a North Korea-U.S. summit signifies a significant shift on the Korean Peninsula. During a meeting with leaders from seven major religious groups held at 'Dalgaebi' in Jung-gu, Chung expressed cautious optimism, saying, "It is too early to be either optimistic or pessimistic," while sharing his hopes for the summit.Reflecting on the past year and three months since the new government took off

Gimhae City in South Gyeongsang Province announced on August 21 that it has submitted a supplementary budget plan of 2.83 trillion won for 2026 to the city council, representing a 14.4% increase over the original budget.This supplementary budget is 356.5 billion won higher than the original budget of 2.48 trillion won. Compared to last year's first supplementary budget increase of 230.3 billion won, this figure reflects a 54.8% surge, indicating a strong commitment to inject funds to counteract

The real estate market is challenging, and so are housing policies. 황희, a member of the Democratic Party, proposed using decommissioned buses as temporary housing for young people but later withdrew the idea. A few days later, he suggested a mixed-use development combining housing with educational institutions. This proposal faced backlash from the education sector, with some suggesting that he should first build housing above the National Assembly where he works. This criticism reflects the

The department store industry, which saw record sales due to a surge in foreign tourists in the first half of the year, is closely monitoring the rapidly declining won-dollar exchange rate. The depreciation of the won had been a factor attracting foreign purchases of luxury goods and fashion, but with the exchange rate dropping to the 1300 won range for the first time in 11 months, price competitiveness may weaken.As of August 21, the won-dollar exchange rate in the Seoul foreign exchange market

Samsung Electronics will implement a record shareholder return of up to 110 trillion won this year, significantly exceeding the previous highest amount recorded by a domestic company by nearly five times. This move comes as the company aims to address rising shareholder dissatisfaction regarding employee compensation while sharing the benefits of improved semiconductor performance.On August 21, Samsung's board of directors approved a plan to return approximately 90 trillion to 110 trillion won t

As financial authorities have decided to manage group loans related to housing supply separately from household loan limits, banks are reviving their balance loan operations. For the D.H. Bangbae project in the Bangbae-dong area of Seocho-gu, Seoul, the top five banks have allocated a total loan limit of 1.55 trillion won.According to the financial sector on August 21, NH Nonghyup Bank has increased its balance loan limit for D.H. Bangbae from 100 billion won to 300 billion won, tripling it. The

On Saturday, August 22, the central regions of South Korea are expected to be mostly cloudy, while the southern regions and Jeju Island will see plenty of clouds.Rain is forecasted in parts of the Seoul metropolitan area and inland Gangwon Province until the morning. In the afternoon, scattered showers may occur in northern and southeastern Gyeonggi Province, inland and mountainous areas of Gangwon, inland Chungcheong Province, and the southern regions. Jeju Island is also expected to experience