Blue House Holds Emergency Meeting After North Korea Launches Ballistic Missile
The Blue House's National Security Office convened an emergency security meeting on August 12 after North Korea launched a ballistic missile from the Wonsan area into the East Sea. The meeting aimed to assess the military's response and the implications for national security.The National Security Office expressed concern over North Korea's missile launch, which occurred just six days after a similar incident on August 6, and urged an immediate halt to provocations.In a press release, the office
Korbit Changes Name to Digital X, Service Name to Follow
The cryptocurrency exchange Korbit has changed its name to Digital X. The name of the exchange's services will also be updated in the future. Digital X announced on the 12th that it has completed the registration for the name change. There will be no changes to the name 'Korbit' used in customer-facing applications such as the app and website, nor to its operational methods. The way user assets are stored and the handling of personal information will remain the same. This name change follows the
Korea Exchange Faces Setbacks in Pre-Market and After-Market ETF Trading
The introduction of the pre-market trading system has been postponed until the end of next year, and the planned after-market trading for exchange-traded funds (ETFs) next month is now in jeopardy. This has disrupted the Korea Exchange's ambitious plans to extend trading hours.On August 10, the Korea Exchange convened asset management firms to gauge their interest in participating in after-market ETF trading. Reports indicate that all firms expressed their intention to abstain from participation
OpenAI Faces Executive Departures Amid IPO Plans, Including 8-Year Veteran Brad Lightcap
OpenAI is experiencing a wave of executive departures as it moves forward with its initial public offering (IPO) plans. Brad Lightcap, the former Chief Operating Officer (COO) who has been with the company for eight years, is leaving to pursue a new business opportunity. On August 11, Lightcap announced via X (formerly Twitter) that he is departing OpenAI to "start something new." He did not disclose specific details about his next venture. Lightcap stated, "In recent months, I have been contemp
Trump: Iran Must Either Collapse Economically or Face Military Action
President Donald Trump stated that Iran could either collapse economically under pressure or face strong military action. He indicated that the U.S. would maintain sanctions and maritime blockades while keeping the option for further attacks open. On August 11, local time, Trump discussed his strategy regarding Iran in an interview with the conservative outlet 'Real America Voice.' He said, "We can continue as we are and watch how bad things get for them." He added, "If we just leave them alone,
U.S. Stocks Decline Amid Stalled Iran Negotiations and CPI Concerns
U.S. stocks fell across the board as expectations for negotiations between the U.S. and Iran weakened. The renewed conflict over the Strait of Hormuz has driven international oil prices higher, while caution ahead of the upcoming U.S. Consumer Price Index (CPI) report dampened investor sentiment.On August 11, the Dow Jones Industrial Average closed down 184.13 points (0.34%) at 53,791.85. The S&P 500 index fell 24.91 points (0.32%) to 7,728.20, and the tech-heavy Nasdaq Composite dropped 159
North Korea Launches Suspected Ballistic Missile, Japan Reports It Has Already Fallen
North Korea launched a suspected ballistic missile on August 12, just six days after firing a short-range ballistic missile on August 6. According to NHK, Japan's Ministry of Defense reported that a projectile likely to be a ballistic missile was launched from North Korea and appears to have already fallen. The ministry is currently analyzing details such as the type of projectile and its flight path. The Japan Coast Guard has advised vessels in the surrounding waters to remain alert for further
Houthi Rebels Claim Attack on Saudi Military Vessel, 6 Dead in Red Sea Incident
The Iran-aligned Houthi rebels claimed to have attacked a Saudi military supply vessel in the Bab el-Mandeb Strait, where a cargo ship was struck by a missile, resulting in six fatalities. However, it remains unconfirmed whether the targeted ship was indeed the Saudi vessel the Houthis claimed.On August 11, Houthi-run Saba News reported that the Houthi forces attacked a Saudi military supply ship in the Bab el-Mandeb Strait, releasing photos related to the attack.The Yemeni government’s Ministry
Zelenskyy Warns of Putin's Plans to Extend War with North Korean Troops
Ukrainian President Volodymyr Zelenskyy has warned of the potential for Russia to mobilize hundreds of thousands of additional troops and to prolong the war by involving North Korean forces. He raised concerns about the expansion of military cooperation between Russia and North Korea for the second consecutive day.In a public address on August 11, Zelenskyy stated, "Putin believes he can extend the war through additional mobilization and the deployment of North Korean troops." He anticipates tha
Iran Warns It Will Not Open Hormuz Strait Despite Oman Agreement
Iran has warned that it will not open the Hormuz Strait even if an agreement is reached with Oman on shipping routes, unless the United States ends the war and returns frozen Iranian funds. On August 11, Mohsen Rezaei, the Secretary of Iran's Supreme National Security Council (SNSC), stated during a meeting with the Chinese ambassador to Iran, Chung Peiyou, that "the Hormuz Strait will not be opened unless the U.S. changes its stance and accepts Iran's conditions." Rezaei called on the U.S. to e