BJ Cheolgu Confesses to Illegal Gambling and Loan Sharking, Plans to Surrender to Police First-generation internet broadcaster BJ Cheolgu has confessed to engaging in overseas gambling and illegal loan sharking, announcing his intention to surrender to the police. During a broadcast, he revealed his substantial tax arrears amounting to billions of won and admitted to borrowing large sums from fellow broadcasters and acquaintances, shocking viewers.On July 27, Cheolgu addressed his audience directly through his internet broadcast.He stated, "I will go to the police station at 8 a.m. July 28, 2026

BJ Cheolgu Confesses to Illegal Gambling and Loan Sharking, Plans to Surrender to Police First-generation internet broadcaster BJ Cheolgu has confessed to engaging in overseas gambling and illegal loan sharking, announcing his intention to surrender to the police. During a broadcast, he revealed his substantial tax arrears amounting to billions of won and admitted to borrowing large sums from fellow broadcasters and acquaintances, shocking viewers.On July 27, Cheolgu addressed his audience directly through his internet broadcast.He stated, "I will go to the police station at 8 a.m. July 28, 2026

President Lee Jae-myung: 'I Will Not Lose My Worker Identity' President Lee Jae-myung expressed hope on July 27 that he and Brazilian President Luiz Inácio Lula da Silva would continue to work together to improve the lives of more people without losing their worker identities.During a joint press conference held after their summit at the Palácio da Alvorada in Brasília, President Lee referenced their shared experiences of working in factories as children, which included sustaining injuries. President Lula lost his pinky finger while working in a metal fact July 28, 2026

Hana Securities Maintains Naver's Target Price at 400,000 Won Amid New Business Developments Hana Securities announced on July 28 that while Naver's NeoCloud new business is becoming more visible, the related expectations have not been fully reflected in the company's value. The firm maintained its target price at 400,000 won and its investment opinion at 'buy.'Lee Jun-ho, a researcher at Hana Securities, stated in a report that "customer and revenue contracts are expected to be disclosed within the third quarter, and the deal closings with NVIDIA and Brookfield are anticipated to occur July 28, 2026

U.S. Stocks Mixed as Oil Prices Plunge; Nvidia Falls 5% The three major U.S. stock indices closed mixed. While easing tensions between the U.S. and Iran led to declines in international oil prices and bond yields, semiconductor stocks, including Nvidia, fell sharply, resulting in a weaker Nasdaq index.On July 27, the Dow Jones Industrial Average rose by 262.83 points (0.51%) to close at 52,210.08. The S&P 500 gained 1.20 points (0.02%) to finish at 7,413.18. In contrast, the Nasdaq Composite dropped 43.74 points (0.18%) to end at 24,932.08. The Russe July 28, 2026

Retail Investors Hit Hard by Market Drop as Margin Debt Halves in a Month ◆Ajou Economic News▷"Retail investors hit hard by market drop"…margin debt falls by half in a month- According to the Korea Financial Investment Association, as of July 23, the margin debt for securities trading was recorded at 9.454 trillion won. This marks the first time margin debt has fallen below 10 trillion won since April 23, when it was 9.966 trillion won.- The recent fluctuations in the stock market have led investors to increase their cash holdings rather than engage in aggressive trad July 28, 2026

SK Hynix ADR Falls 7.44% Amid Concerns Over CXMT's IPO SK Hynix's American Depositary Receipts (ADR) fell over 7% due to heightened competition concerns following the IPO of Chinese memory chipmaker Changxin Memory Technologies (CXMT) and weakened investor sentiment linked to Nvidia.On July 27, SK Hynix's ADR closed at $143.02, down $11.50 (7.44%) from the previous trading day. This marked the first time the stock price fell below its IPO price of $149, set on July 10.The stock opened at $159.61 and briefly rose to $164.30, gaining over 6% at one po July 28, 2026

Yemen Foreign Minister: Houthis Attempting Iranian-Style Maritime Blockade in Bab-el-Mandeb The Iran-aligned Houthi movement is attempting to control international shipping through the Bab-el-Mandeb Strait, a critical passage in the Red Sea, according to criticism from Yemen's government.On July 27, Yemen's Foreign Minister, Ahmed Awad bin Mubarak, told reporters that the Houthis are mimicking Iran's strategy of controlling the Strait of Hormuz in the Bab-el-Mandeb Strait.Bin Mubarak pointed out that the international community's tepid response to years of Houthi attacks on commercial July 28, 2026

Trump Presses for Interest Rate Cuts Ahead of FOMC Meeting President Donald Trump reiterated his call for interest rate cuts just one day before the Federal Reserve's monetary policy meeting. On July 27, during a flight to Michigan aboard Air Force One, Trump told reporters, "Interest rates need to go down," adding that "the U.S. should have the lowest interest rates in the world." He argued that the current interest rate level in the U.S. is excessively high, citing countries with lower rates. Trump also claimed that lowering rates could boost the U.S. July 28, 2026

Zelensky Warns Russia May Mobilize Up to 500,000 Troops After September Elections Ukrainian President Volodymyr Zelensky has stated that Russia could issue an additional mobilization order for up to 500,000 troops following the upcoming September elections. He also reiterated the possibility of 30,000 North Korean troops being deployed to Russia.In an interview with Sky News on July 27, Zelensky cited reports from Ukrainian intelligence, saying, "Russian President Vladimir Putin has no intention of stopping the war." He projected that Russia might mobilize between 300,000 and July 28, 2026