Han Yuwon Enhances Expertise of Direct Production Inspectors The Korea Small Business and Startups Agency announced on July 28 that it will conduct training to enhance the expertise of direct production inspectors until the end of next month.The direct production verification system is designed to confirm whether small businesses that win contracts through competitive bidding actually produce the products themselves. Since being designated as the agency responsible for the direct production verification system in 2022, Han Yuwon has issued direct producti July 28, 2026

Apple Reclaims Top Spot in Global Market Capitalization Amid AI Market Adjustments Apple has reclaimed its position as the world's most valuable company, surpassing Nvidia after 15 months. While Nvidia, which had been riding high on the AI wave, has seen a market correction, Apple has leveraged the stable profitability of its iPhone and services business to return to the top. This shift has led some market observers to speculate about an 'AI peak.'The market's perspective on AI investments is changing. Previously, announcements about building data centers and securing graphics July 28, 2026

Large Corporations Face Increased Fines for Unfair Practices as Fair Trade Commission Proposes Reforms The Fair Trade Commission (FTC) is moving to implement a system that considers the size of companies when imposing fines for unfair practices. The aim is to impose larger fines on major corporations to prevent market disruption. During a report to the National Assembly's Political Affairs Committee on July 28, the FTC stated that it seeks to enhance the effectiveness of economic sanctions. The commission believes that current regulations are insufficient to deter violations and plans to overhaul July 28, 2026

Park Hong-geun: Strengthening Job Base and Maintaining Fiscal Sustainability Park Hong-geun, Minister of the Ministry of Planning and Budget, stated on July 28 that the government will strengthen the job base and social safety net while maintaining fiscal sustainability. During his visit to the Korean Confederation of Trade Unions (KCTU), Park met with Chairman Yang Kyung-soo. This meeting marked the first discussion between the Minister and the KCTU Chairman since the establishment of the Ministry, initiated at the request of the labor group. Previously, on July 20, Par July 28, 2026

Political Turmoil Erupts Over Proposed Abolition of Investigative Powers in South Korea 보완수사권 폐지를 골자로 한 검찰개혁 입법을 둘러싸고 정국이 격랑 속으로 빠져들고 있다. 정성호 법무부 장관이 법안의 최종 입법을 앞두고 사의를 굳히면서다. 검찰개혁의 속도 조절을 주장해 온 정 장관의 중도 퇴진 움직임은 단순한 국무위원 일인의 사퇴를 넘어, 여야 간 가파른 정쟁과 사법 시스템 전반의 거대한 공백을 예고하고 있다. 거센 파고 속에서 이재명 대통령이 어떤 결단을 내릴지, 국정 운영의 리더십이 중대한 시험대에 올랐다. 정 장관의 사의 표명 소식이 알려지자 정치권은 즉각 극명한 온도 차를 보이며 대립 July 28, 2026

National Assembly Committee Approves Bill to Shorten Fast-Track Review Period The National Assembly's Operating Committee approved a bill on July 28 aimed at shortening the review period for fast-track legislation, led by the ruling party. The bill is expected to be presented at the full committee meeting on July 29 and subsequently at the plenary session on July 30.Chun Jun-ho, the ruling party's floor leader and committee secretary, spoke to reporters after the subcommittee meeting, stating, "We discussed shortening the fast-track review period, changing the filibuster July 28, 2026

Han Dong-hoon Announces Filibuster Against Proposed Abolition of Investigative Powers 한동훈 무소속 의원은 더불어민주당이 오는 30일 본회의에서 보완수사권 폐지를 골자로 한 형사소송법 개정안 처리를 예고하자 필리버스터(무제한 토론)에 나서겠다고 밝혔다. 한 의원은 28일 자신의 페이스북에 "민주당 정권이 보완수사 폐지 법안을 본회의에 올리면 왜 보완수사 폐지로 국민이 고통받게 되는지를 국민들께 말씀드리기 위해 필리버스터를 신청하겠다"고 적었다. 국민의힘도 보완수사권 폐지에 맞서 필리버스터를 신청할 계획이다. 최수진 원내수석대변인은 이날 국회에서 열린 원내대책회의 후 기자들과 만 July 28, 2026

KOSPI and KOSDAQ Plunge on 'Black Tuesday' as Circuit Breakers Triggered The domestic stock market experienced a 'Black Tuesday' as the KOSPI index fell over 9% due to the impact of declining U.S. tech stocks. The KOSPI dropped below the 6,100 mark, leading to a significant contraction in investor sentiment, with both the main and KOSDAQ markets triggering sell-side circuit breakers and a full circuit breaker.As of 2:07 PM on July 28, the KOSPI was down 662.01 points (9.80%) at 6,093.74, having opened 355.48 points (5.26%) lower at 6,400.27 and continued to decline.I July 28, 2026

South Korea Extends Fuel Tax Cuts Amid Ongoing Middle East Tensions The South Korean government has decided to extend the temporary reduction in fuel taxes until the end of September due to ongoing military tensions in the Middle East. During a Cabinet meeting held at the Government Seoul Complex on July 28, officials reviewed and approved 20 presidential decrees, five general agenda items, and one report. The amendment to the Enforcement Decree of the Traffic, Energy, and Environment Tax Act extends the temporary reduction in the traffic, energy, and environmen July 28, 2026

Elon Musk's Wealth Plummets by $754 Billion in a Month Elon Musk, the first person to surpass a personal fortune of $1 trillion, has seen his wealth nearly cut in half in just over a month.According to Forbes, Musk's net worth is now estimated at $695.7 billion (approximately 1,019 trillion won). This marks a decrease of $754.3 billion (about 1,106 trillion won) from his record high of $1.45 trillion (around 2,125 trillion won) on June 16.On July 24, Musk posted on his social media platform X, referring to himself as a "(former) trillionaire." This July 28, 2026