Seo Beom-soo Withdraws Appeal and Files Court Injunction Against Party Disciplinary Action Seo Beom-soo, a member of the People Power Party, withdrew his appeal against a 10-month suspension of party membership imposed by the party's Central Ethics Committee on September 16 and shifted to legal action. He criticized the disciplinary action as a means of "purging political rivals." On the same day, Seo submitted an application for an injunction to suspend the disciplinary action at the Seoul Southern District Court in Yangcheon-gu, along with a lawsuit seeking to confirm the nullificat September 16, 2026

Broadcasting and Media Commission Requests Police Investigation into Illegal Tracking Services The Broadcasting and Media Commission (BMC) has requested a police investigation into companies suspected of illegally providing portable tracking devices that have been misused in serious crimes such as stalking. The BMC stated that it referred three companies to the police for allegedly offering services that collect and utilize location information without proper registration as a location information business or notification as a location-based service provider, in violation of the 'Act on t September 16, 2026

Korea and Central Asia Strengthen Cooperation on Climate, Energy, and Environment Korea and five Central Asian countries are intensifying their cooperation to address the climate crisis, transition to renewable energy, and improve environmental conditions. The initiative aims to expand collaboration in areas such as renewable energy, greenhouse gas reduction, air quality, water supply, and waste management, while also facilitating the entry of domestic companies into the Central Asian market and increasing opportunities for overseas contracts.The Ministry of Climate, Energy, September 16, 2026

Acting Director Yang Wan-gil: Domestic Bio Materials Must Be Used in Production to Enhance Competitiveness The Jeonnam Bio Promotion Institute is connecting domestic bio materials, parts, and equipment companies with local bio firms in Hwasun to enhance the utilization of domestic products and strengthen bio manufacturing competitiveness.On September 15, the Jeonnam Bio Promotion Institute, in collaboration with the Korea Bio Association and the Korea Bio Specialized Center Council, held the '2026 Domestic Bio Manufacturing Competitiveness Enhancement Bio Materials Company Presentation' at the Bio Ph September 16, 2026

Trinity Air to Launch Incheon-Kobe Route in December with Daily Flights Trinity Air announced on September 16 that it will begin operating a new route between Incheon and Kobe starting December 18, with one round trip daily.The outbound flight will depart from Incheon International Airport at 2:10 PM and arrive at Kobe Airport at 3:55 PM. The return flight will leave Kobe Airport at 4:55 PM and arrive back at Incheon International Airport at 6:55 PM.Kobe is a representative port city in Japan's Kansai region, known for its beautiful streets, night views, and diverse September 16, 2026

Concerns Rise Over '10 Trillion Yen Carry' Liquidation Ahead of U.S.-Japan Rate Hikes The global financial market is on edge as it awaits decisions on interest rate hikes from the U.S. Federal Reserve and the Bank of Japan (BOJ) scheduled for September 16 and 18, respectively. With expectations high that both central banks will raise rates, attention is turning to the potential impact on domestic capital markets. Over the past year, approximately 10 trillion won has flowed into the Korean market from yen carry trade funds. Concerns are growing that a rate increase by the BOJ, cou September 16, 2026

Impact of Interest Rate Hikes on Stock Markets: A Historical Perspective As the United States and Japan prepare for simultaneous interest rate hikes, market attention is focused on the potential impact on global capital markets. These rate increases are expected to influence the domestic capital market through various channels. While interest rate hikes are typically viewed as negative for stock markets, historical data suggests that the correlation of 'interest rate hike = stock market decline' does not always hold true. According to the financial investment indu September 16, 2026

Hanwha's Mohave Drone Successfully Demonstrates Combat Flight Hanwha Aerospace's short takeoff drone, 'Mohave,' developed in collaboration with the U.S. company General Atomics Aeronautical Systems, successfully completed a simulated combat flight demonstration.On September 16, Hanwha Aerospace announced that the Mohave successfully finished its simulated combat flight demonstration at the '2026 Defense Drone Technology Exhibition' held in Pocheon, South Korea.The Mohave is a short takeoff drone jointly developed by Hanwha Aerospace and GA-ASI since last y September 16, 2026

Samsung Display Dominates Foldable Phone Market as LG Display Targets Mid-Size IT Devices Samsung Display and LG Display are pursuing divergent strategies in the global foldable organic light-emitting diode (OLED) market. Samsung Display is strengthening its position in the high-value smartphone sector by capturing demand for foldable panels from both Samsung Electronics and Apple. In contrast, LG Display is focusing on mid-size IT devices such as iPads and laptops, rather than entering the foldable smartphone production market. According to market research firm Counterpoint Resear September 16, 2026

South Korea and Central Asia Leaders Commit to 30 Years of Cooperation 한국과 중앙아시아 5개국이 정상급 협력체계를 출범하는 데 뜻을 모았다. 각국 정상들은 중장기 협력 비전을 담은 ‘서울선언’을 채택하고 국가별 수요에 맞춘 양자 협력과 중앙아시아 5개국 전체를 아우르는 지역 협력을 병행하기로 했다. 이재명 대통령은 16일 서울의 한 호텔에서 열린 제1차 한·중앙아시아 정상회의에서 “지난 30여 년간 쌓아온 협력의 토대 위에서 향후 30년을 함께 준비해야 한다”고 밝혔다. 그러면서 한국과 중앙아시아가 함께 ‘새로운 실크로드’를 열어가자고 제 September 16, 2026