Matthew Turtle, CEO of TCM, Predicts KOSPI Could Reach 10,000 by 2028 Matthew Turtle, CEO of Turtle Capital Management (TCM), stated that South Korea is a key market for technological innovation in Asia, particularly with major players like Samsung and SK Hynix. In an interview with Aju Economy on September 13, he emphasized that for the KOSPI to recover its long-term upward trend beyond 10,000 points, the government should trust the market and investors rather than excessively intervene.Turtle, who founded TCM in 2012 and manages approximately $5 billion, describ September 13, 2026

Small Businesses Report 1,092 Cases of Damage from Ongoing Middle East Conflict Domestic small businesses are facing challenges due to rising raw material costs and logistics expenses stemming from the prolonged conflict in the Middle East. According to the Ministry of SMEs and Startups on September 13, the number of reported cases of damage, difficulties, and concerns related to the Middle East conflict reached 1,092 as of noon on September 1, an increase of 10 from the previous week. Of these, 858 cases were actual damage or difficulties, while 164 were concerns. The repo September 13, 2026

Shin Dong-bin: 'Support to Overcome Fear of Failure' as Lotte and KAIST Open R&D Center Lotte has established an industry-academia cooperation hub with the Korea Advanced Institute of Science and Technology (KAIST) to jointly research future technologies and commercialize them. The initiative aims to secure foundational technologies in future growth areas such as biotechnology, carbon neutrality, advanced food, and healthcare, linking them to Lotte's business operations.Lotte announced on September 13 that it held the opening ceremony for the 'Lotte x KAIST R&D Center' on September September 13, 2026

Five Ministerial Nominees Under Scrutiny as Opposition Targets Kim Seung-won Yong Hye-in, the nominee for Minister of Gender Equality and Family, resigned on the 13th, leaving five other ministerial nominees under scrutiny. The National Assembly will hold confirmation hearings this week for nominees from five ministries, including the Ministry of Finance, Ministry of Land, Infrastructure and Transport, Ministry of SMEs and Startups, Ministry of National Defense, and Ministry of Justice.The hearings for Lee Hyung-il (Ministry of Finance), Kim Seung-won (Ministry of Justic September 13, 2026

Kim Min-seok Aims to Restore Public Trust with New Initiative Kim Min-seok, the leader of the Democratic Party, emphasized on September 13 that he will work diligently to restore public trust by consistently implementing the party's principles of livelihood, practicality, and expansion. He announced plans to establish a special internal organization called the 'Livelihood Promotion Committee.'During a high-level party-government meeting held at the Prime Minister's residence in Jongno, Seoul, Kim stated, "We will push for reforms to eliminate abnormal phen September 13, 2026

South Korean Prime Minister Calls for Coordination Ahead of New Crime Investigation Agencies 한성숙 국무총리는 13일 중대범죄수사청(중수청)과 공소청 출범을 앞두고 “현장에서 발생할 수 있는 공백과 혼선을 미리 찾아 보완해야 한다”고 밝혔다.한 총리는 이날 서울 종로구 삼청동 총리공관에서 열린 고위당정협의회에서 “새로운 형사사법체계가 안정적으로 출범할 수 있도록 당정청이 힘을 모으겠다”며 이같이 말했다.이날 회의에서는 중수청·공소청의 조직과 인력, 업무체계 구축 상황을 점검하고 수사기관 개편 과정에서 예상되는 혼선을 최소화할 방안 등도 함께 언급됐다.강훈식 대통령비서 September 13, 2026

South Korean Prime Minister Calls for Comprehensive Drug Response Strategy South Korean Prime Minister Han Seong-sook emphasized the need for a comprehensive approach to drug issues, stating on September 13, "Drug response should not only focus on investigation and enforcement but also on rehabilitation and treatment. It is essential to establish a cooperative system among relevant agencies." During the fourth "Open Brunch" event held at the Prime Minister's residence in Jongno, Seoul, Han discussed strategies for addressing drug-related issues, covering areas from inv September 13, 2026

KB Financial Group CEO Transition Sparks Interest in Banking Leadership Changes Yang Jong-hee's reappointment as chairman of KB Financial Group has fallen through, drawing attention to the future of CEO appointments in the financial sector. The decision to opt for generational change over the current chairman, who has maintained strong performance, raises questions about its impact on the industry’s hiring trends.On September 13, the KB Financial Chairman Candidate Recommendation Committee announced that Lee Jae-geun, head of KB Financial Group's division, has been selected September 13, 2026

Eo Won-jin Marks One Year as Financial Services Commission Chair with Focus on Productive Finance Eo Won-jin, the Chair of the Financial Services Commission, will mark his one-year anniversary in office on September 15. Initially regarded as a practical economic bureaucrat from the Ministry of Economy and Finance, his status within the government has evolved to the point where he is now considered a candidate to succeed the head of the presidential policy office. He has focused on changing the flow of financial resources through 'productive finance' and has gained recognition for his swift r September 13, 2026

Yong Hye-in Resigns as Ministerial Candidate Amid Controversy Yong Hye-in, the candidate for the Ministry of Gender Equality and Family, appears to have made her decision to resign on September 13 largely due to the advice of Kim Min-seok, the leader of the Democratic Party. On September 10, Yong had expressed her determination to address the allegations surrounding her, but as support from the ruling party waned, she ultimately stepped down. The People Power Party stated, "President Lee Jae-myung must apologize to the public for this personnel disaster." September 13, 2026