As U.S. long-term Treasury yields soared to their highest level in 19 years, Treasury Secretary Scott Vessen and the Department of the Treasury are reportedly taking steps to prevent further increases in rates. On August 9, Bloomberg reported that Wall Street traders and market strategists view recent U.S. interventions to defend the yen, changes in Treasury issuance plans, and Vessen's support for Federal Reserve Chair Kevin Warsh as signals to curb the rise in long-term Treasury yields. The yi

President Donald Trump has stated that rather than escalating military responses regarding Iran, the U.S. will monitor the situation closely. Despite Iran's new conditions for reopening the Strait of Hormuz, Trump appears to favor economic pressure over additional military action.In a phone interview with Axios on August 9, Trump said, "We are low keying it" regarding Iran and added, "We are only partially negotiating with them."Trump emphasized Iran's economic struggles, noting, "They are suffe

Israeli Prime Minister Benjamin Netanyahu has rejected a 15-point peace plan for Gaza proposed by U.S. President Donald Trump, according to a report by CNN on September 9.On July 30, Trump announced the peace plan through a committee he established, aimed at ensuring lasting peace in Gaza. The plan stipulates that Hamas would gradually transfer its weapons to a newly formed Palestinian government in Gaza, in exchange for Israel withdrawing more than half of its forces from the region it has occu

Semiconductors are a race against time, where speed translates to competitiveness. Simply developing technology is not enough; companies must deliver products when customers demand them and connect that to mass production to secure market share. In the age of artificial intelligence, the value of time has only increased as the pace of technological change accelerates.The South Korean semiconductor industry now faces the contentious issue of the 52-hour workweek. The government is considering whe

As the deadline for a retrial in the asset division lawsuit between Chey Tae-won, chairman of SK Group, and No So-young, director of the Art Center Nabi, approaches in about a week, there is a growing sentiment in the business community that Chey is likely to appeal the ruling. He is required to pay 944 billion won (approximately $944 million) in asset division payments, and even if he sells his stake in SK Siltron, it may not be enough to cover the amount.According to industry sources, the dead

Kim Min-seok Wins in Gangwon and Gyeongbuk, Excluding Busan-Ulsan-Gyeongnam and DaeguKim Min-seok, a candidate for the leadership of the Democratic Party, secured victories in Gangwon and Gyeongbuk during the party's primary held on the 9th. This win means Kim has triumphed over his opponent, Jeong Cheong-rae, in all regions except for Busan-Ulsan-Gyeongnam and Daegu, including Chungcheong, Jeju, and Incheon.Kim achieved his final victory over Jeong at the Grand Ballroom of the Inter-Burgo Exco

Oh Jun-sung secured the runner-up position at the 2026 World Table Tennis (WTT) Champions in Yokohama.According to Yonhap News and other sources, Oh faced Japan's Tomokazu Harimoto (ranked 5th) in the men's singles final on August 9, losing with a score of 1-4 (11-7, 7-11, 4-11, 8-11, 7-11).Earlier, Oh defeated world number 11 Dang Qiu (Germany) 4-3 in the quarterfinals. He then triumphed over Hiroto Shinozuka (ranked 24th, Japan) 4-1 in the semifinals, marking his first appearance in a Champion

An oil company managed by associates of President Donald Trump has reportedly brought drilling equipment to Greenland without the necessary approval from local authorities. The Greenland government has issued a stern warning to the company.According to reports from Yonhap News and The Guardian on August 9, Greenland Energy, established in Texas, recently unloaded about 12 containers of drilling equipment in Jameson Land, eastern Greenland.The Greenland government pointed out that the equipment w

The Iran-aligned Houthi rebels claimed on August 9 that they conducted an airstrike against Saudi forces stationed in the southwestern Yemeni port city of Mocha.According to reports, Houthi spokesman Yahya Saree stated in a statement that they executed a large-scale precision strike targeting the gathering sites and armories of Saudi troops in the Mocha area.The attack reportedly involved multiple ballistic missiles and unmanned aerial vehicles (UAVs). Saree claimed, "We extensively destroyed Sa