Hanmi Group Denies Allegations of Misuse of Corporate Credit Card by Chairwoman Hanmi Group has refuted media reports alleging that Chairwoman Song Young-sook and her family misused a corporate credit card, stating that the card was used for management and operational purposes. The company also announced plans for legal action against those responsible for what it claims are illegally obtained and distorted materials.In a statement on July 31, Hanmi Group asserted that Song has been executing budgets for management and operational tasks both during and after her tenure as C July 31, 2026

Financial Authority Reduces Lotte Card's Business Suspension for Data Breach The Financial Services Commission has imposed a 1.5-month business suspension on Lotte Card following a cyber breach that exposed the information of 2.97 million customers. This penalty is significantly lower than the 4.5-month suspension recommended by the Financial Supervisory Service, taking into account the potential impact on consumers.On July 31, the Financial Services Commission finalized the sanctions during a regular meeting.Investigations revealed that Lotte Card violated security obli July 31, 2026

Three Candidates for Democratic Party Leadership Celebrate Passage of Criminal Procedure Law Amendment On July 31, the three candidates for leadership of the Democratic Party of Korea welcomed the passage of an amendment to the Criminal Procedure Law, which abolishes supplementary investigative authority. However, candidate Song Young-gil stated that this achievement should not be used as a slogan for the party convention.Candidate Kim Min-seok expressed on Facebook, "We have overcome another major hurdle in prosecutorial reform," adding that the strong will and reformative decision of the Lee Ja July 31, 2026

Jung Jeom-sik Urges President Lee to Veto Bill Abolishing Prosecutors' Investigative Powers 정점식 국민의힘 원내대표는 31일 국회 본회의에서 검사의 보완수사권 폐지를 골자로 한 형사소송법 개정안이 여당 주도로 통과되자 이재명 대통령을 향해 "'이재명 탈옥법'이라는 오명을 받기 싫다면 재의요구권(거부권)을 행사하라"고 촉구했다. 정 원내대표는 이날 국회에서 기자들과 만나 "법안이 본회의를 통과하고 정부로 이송되면 대통령은 15일 이내에 재의요구권을 행사할지 여부를 결정해야 한다"며 "이제 공은 이 대통령에게 넘어갔다"고 말했다. 정 원내대표는 "현재 법안에는 July 31, 2026

NCSOFT Partners with Shengqu Games for Aion's Expansion in China NCSOFT is teaming up with Shengqu Games to expand the Aion intellectual property (IP) business in China. The company is pushing for local publishing of the upcoming title Aion 2 while also showcasing two Aion IP games at ChinaJoy 2026. Notably, NCSOFT's strategy is becoming clearer as it collaborates with Tencent Games for Lineage and Shengqu Games for Aion.According to the gaming industry on July 31, NCSOFT CEO Kim Taek-jin attended a strategic cooperation signing ceremony with Shengqu Games in July 31, 2026

Domestic Fund Assets Reach 1,735 Trillion Won in First Half of 2026 In the first half of 2026, the total net assets of domestic public and private funds reached 1,734.5 trillion won, marking a 26% increase over six months. Public funds, driven by the growth of exchange-traded funds (ETFs), have now surpassed private funds in net asset size.According to the Financial Investment Association's report on '2026 First Half Fund Market Trends' released on July 31, the total net assets of all funds (public and private) stood at 1,734.5 trillion won as of the end of June July 31, 2026

Musinsa Dominates Fashion App Market Among Young Men Musinsa has effectively captured the male consumer market from teenagers to those in their 30s, solidifying its dominance in the domestic fashion platform sector. The conversion rate from product browsing to actual purchases is the highest among major fashion apps, indicating that repeat purchases have become a key competitive advantage. According to a report titled '2026 MZ Generation Fashion App Trend Report' released on July 30 by Open Survey, 45.7% of respondents aged 15 to 39 reported ma July 31, 2026

National Assembly Passes Bill to Abolish Prosecutorial Supplementary Investigation Rights 검찰의 보완수사권 폐지를 골자로 한 형사소송법 개정안이 31일 여당 주도로 국회 본회의를 통과했다. 국민의힘은 전날 해당 법안 처리를 막기 위해 무제한 토론(필리버스터)에 나선 데 이어 곧바로 상정된 국회법 개정안에 대해서도 필리버스터를 진행했다. 국회는 이날 본회의를 열어 형사소송법 개정안을 재석 178인 중 찬성 175인, 반대 2인, 기권 1인으로 가결했다. 국민의힘은 표결에 불참했다. 전날 법안 상정 직후 시작된 필리버스터는 더불어민주당 등 범여권 의원들의 종결 동의에 따라 24시간 만에 종료됐다. 개정안은 올 July 31, 2026

Criminal Procedure Law Amendment Passes National Assembly Amid Filibuster The National Assembly passed an amendment to the Criminal Procedure Law on July 31, which eliminates the prosecution's supplementary investigation rights. The ruling coalition, including the Democratic Party, pushed through the legislation despite a filibuster by the opposition People Power Party.On this day, the amendment was approved with 175 votes in favor, 2 against, and 1 abstention out of 178 members present. This amendment is a follow-up to the Serious Crimes Investigation Agency and Pros July 31, 2026

Trading Volume Drops for Single-Stock Leveraged ETFs on First Day of Increased Deposit Requirement On the first day of the increased basic deposit requirement, trading volume for single-stock leveraged exchange-traded funds (ETFs) plummeted. The basic deposit was raised from 10 million won to 30 million won, which is believed to have reduced accessibility for investors. According to the Korea Exchange, the total trading volume for 14 single-stock leveraged ETFs, including those for Samsung Electronics and SK Hynix, was recorded at 244.01 million shares. This marks a 73.8% decrease compared to July 31, 2026