The second special prosecutor team, led by Kwon Chang-young, has decided not to prosecute Joo Seong-woon, the former commander of the Army's Ground Operations Command, over allegations that he condoned his subordinate's involvement in martial law during the emergency declaration on December 3.On July 29, the special prosecutors announced their decision not to file charges against Joo for dereliction of duty, although they did not disclose specific reasons for the decision.Joo served as the comma

Yoon Suk Yeol, sentenced to 30 years in prison for allegedly deploying drones in Pyongyang to justify the declaration of martial law, faced the first session of his appeal hearing behind closed doors.On July 29, the Seoul High Court's Criminal Division 1, led by Judge Yoon Seong-sik, convened the initial hearing for Yoon, former Defense Minister Kim Yong-hyun, former National Defense Intelligence Command Chief Yeo In-hyung, and former Drone Operations Commander Kim Yong-dae, who are charged with

David Golf has introduced its flagship product, the 'Advancer 7th Generation Woody Iron,' at Golfzon Market locations nationwide, expanding its offline distribution network. According to the company, the product has surpassed cumulative sales of 250,000 units and has ranked first in the utility category on Naver Shopping.The Advancer Woody Iron has been a steady seller for David Golf since its initial launch in 2005. The latest 7th generation model features the company's patented 'Advance Trigge

The South Korean government is set to resume negotiations for the Korea-Mercosur Trade Agreement (TA), which have been on hold for over five years, coinciding with President Yoon Suk Yeol's state visit to Brazil. This marks a significant step in enhancing supply chain and trade cooperation with Brazil, the largest economy in Latin America.The Ministry of Trade, Industry and Energy announced on July 29 that the TA will be expedited during President Yoon's visit, and a private sector memorandum of

Koo Yun-cheol, Deputy Prime Minister and Minister of Economy and Finance, stated on July 29 that the upcoming tax reform plan will focus on enhancing economic vitality, ensuring tax equity, and establishing a sustainable fiscal foundation.During his opening remarks at a meeting of the National Assembly's Finance and Economy Committee, Koo emphasized the importance of achieving the '3-4-5 economic goals'—a potential growth rate of 3%, becoming a top four exporter, and reaching a per capita income

As a heat wave continues across the country, Agriculture Minister Song Mi-ryeong urged farmers to refrain from working during the hottest parts of the day.On July 29, Minister Song visited Sanggang Village and Cheonji Agricultural Cooperative in Hampyeong County, Jeonnam Province, to assess the response to the heat wave and made this request.She advised local residents and seasonal foreign workers to follow guidelines during heat advisories, including limiting outdoor work, staying hydrated, and

Cial Holdings has been penalized by the Fair Trade Commission for holding an excessive amount of stocks in non-affiliated companies during its transition to a general holding company.On July 29, the Fair Trade Commission announced that it would impose a fine of 79 million won on Cial Holdings for holding non-affiliated stocks exceeding 15% of the total value of its subsidiaries. Cial Holdings has subsidiaries including Chosun Refractories, which produces special bricks, and the golf course Hwase

Retail sales among major companies in South Korea increased by more than 7% in the first half of 2026. The surge in department store sales was driven by improved consumer sentiment and an increase in foreign tourists, while large supermarkets and super supermarkets (SSMs) continued to struggle with declining food sales.The Ministry of Trade, Industry and Energy reported on July 29 that the total sales of 26 major retail companies rose by 7.3% compared to the same period last year. Offline sales

Hanwha Solutions announced on July 29 that it achieved consolidated sales of 4.5826 trillion won and an operating profit of 306.5 billion won for the second quarter of 2026. Sales increased by 47.01% and operating profit rose by 200.33% compared to the same period last year.By business segment, the renewable energy sector reported sales of 2.4823 trillion won and an operating profit of 166.4 billion won. The increase in sales and operating profit was attributed to rising module prices, the sale