Legislative Committee Moves to Discuss Criminal Procedure Law Amendments
The National Assembly's Legislative and Judiciary Committee activated a task force on July 29 at the request of the People Power Party to begin serious discussions on amendments to the Criminal Procedure Law, which include the complete abolition of the prosecution's supplementary investigation rights. The committee is expected to reconvene after the task force concludes its work to prepare for a vote on the amendments in the plenary session scheduled for July 30.The task force will consist of th
HD Construction Machinery Shares Recover After Earnings Report
HD Construction Machinery shares initially plummeted over 12% during trading but later reduced their losses to about 1% following the release of its second-quarter earnings report.As of 2:11 PM on July 29, HD Construction Machinery was trading at 120,900 won, down 1,900 won (1.55%) from the previous trading day. The stock had fallen to as low as 107,100 won earlier in the session, marking a decline of more than 12%, but began to recover after the earnings announcement around 1:20 PM.In its earni
Samsung Electro-Mechanics to Raise MLCC Prices by 30% Amid AI Server Demand Surge
Samsung Electro-Mechanics will increase the prices of multilayer ceramic capacitors (MLCC) by 30% starting next month. This decision comes in response to a growing shortage of high-performance MLCCs due to increased investments in artificial intelligence (AI) servers and data centers.According to industry sources on July 29, Samsung Electro-Mechanics recently informed its sales partners of the price hike. All MLCC products supplied through its Shenzhen, China, subsidiary will be affected. The ne
FIFA Plans to Establish World Cup Operations Subsidiary, Potential Trump Family Investment
The International Federation of Association Football (FIFA) is moving to establish a subsidiary to manage the commercial and event operations of the World Cup, with plans to sell a portion of its stake to private investors. This initiative comes amid FIFA's recent closeness to U.S. President Donald Trump, raising concerns about potential investments from Trump's family.According to the Financial Times on July 28, FIFA is set to create a new company called 'FIFA Forward Enterprise' (FFE) and is i
Iran Fires Ballistic Missiles at U.S. Base in Jordan; U.S. and Saudi Arabia Respond
Iran launched several ballistic missiles at a U.S. military base in Jordan, all of which were intercepted by U.S. forces.The U.S. Central Command reported that at approximately 5:45 p.m. local time on July 28, the Islamic Revolutionary Guard Corps (IRGC) fired multiple ballistic missiles targeting U.S. forces in the Middle East.Central Command stated, "All Iranian missiles were successfully intercepted," adding that U.S. forces are maintaining a high level of alert.The exact location of the atta
Thirteen Dead in Kumamoto Earthquake; Search for Missing Continues
A magnitude 7.1 earthquake struck Kumamoto Prefecture, Japan, on July 28, resulting in at least 13 confirmed fatalities.According to the Nihon Keizai Shimbun (Nikkei) and Kyodo News, Japanese Prime Minister Sanae Takaichi reported that the death toll includes cases under investigation for their connection to the earthquake. Among the deceased are two women in their 20s who died at the Aeon Mall Kumamoto in Kashima.The Kumamoto Disaster Response Headquarters reported three officially confirmed de
China Begins Mass Production of Rare Earth Tire for Electric Vehicles and Defense
China has successfully begun mass production of high-performance synthetic rubber using rare earth elements as catalysts.PetroChina's subsidiary, Dushanzi Petrochemical, has completed a plant in the Xinjiang Uygur Autonomous Region capable of producing 100,000 tons of rare earth butadiene rubber annually, according to a report by the South China Morning Post on July 29.Dushanzi Petrochemical developed the rare earth butadiene rubber in collaboration with the Changchun Institute of Applied Chemis
Russia Appoints Andrei Podolychev as Ambassador to North Korea After 8-Month Vacancy
Russian President Vladimir Putin has appointed Andrei Podolychev, the former ambassador to Nigeria, as the new ambassador to North Korea, a position that has been vacant for about eight months.According to the Russian news agency TASS on the 28th, President Putin announced through a presidential decree that "Andrei Podolychev is appointed as the Extraordinary and Plenipotentiary Ambassador of the Russian Federation to the Democratic People's Republic of Korea."This appointment comes after the pr
Iran's IRGC Claims Attack on Three Tankers in Hormuz Strait
The Islamic Revolutionary Guard Corps (IRGC) of Iran claimed on July 29 that it attacked three tankers passing through the Hormuz Strait, halting their operations. In a statement, the IRGC said, "The tankers ignored prior warnings and were attacked while navigating through an area deemed 'dangerous and illegal' by Iran." It further warned, "We will not tolerate U.S. interference in regional shipping operations and will maintain control over the Hormuz Strait." However, the IRGC did not disclose
Iran Fires Ballistic Missiles at U.S. Base in Jordan; All Intercepted, Says U.S.
The Islamic Revolutionary Guard Corps (IRGC) of Iran launched multiple ballistic missiles at a U.S. military base in Jordan. Iran claimed to have struck U.S. facilities, but the U.S. military stated that all missiles were intercepted.According to Iran's semi-official Tasnim news agency, the IRGC asserted in a statement on July 29 that it attacked the U.S. base and command facilities in Jordan in response to American military actions.The IRGC warned, "As long as the threats from the U.S. and its