Kang Shin-cheol Addresses Allegations of Special Housing Supply for Evictees Kang Shin-cheol, the nominee for Minister of National Defense, addressed allegations regarding special housing supply for evictees, stating that while he acknowledges negligence in managing his address, there was no intent to conceal his residence or any illegality in the application process. In a statement on September 10, Kang asserted, "The nominee, along with his father, brother, and aunt, are actual beneficiaries of housing compensation for evictees in Cheonwang-dong, Seoul, and the applica September 10, 2026

Korea's AI Innovation Team Hosts 3rd Vietnam Smart Factory Expo The Korea Institute of Startup & Entrepreneurship Development's AI Innovation Team, in collaboration with the Korea Federation of Small and Medium Businesses, is hosting the 3rd Vietnam Smart Factory Expo at the Vietnam Exhibition Center (VEC) in Hanoi until September 11.The event aims to facilitate the entry of domestic smart manufacturing technology companies into Vietnam and expand export opportunities while generating local business outcomes. This expo is being held concurrently with the Vie September 10, 2026

Nexters Secures $38 Million Capital Increase from KT, LG Uplus, and Certic Nexters is accelerating its platform expansion following the integration of its store by securing strategic partners in the telecom and security sectors, including KT, LG Uplus, and Certic (HCIC LLC).On September 10, Nexters announced that its board of directors approved a third-party allocation of new shares to KT, LG Uplus, and Certic. The capital increase will raise approximately 3.8 billion won (about $38 million) through the issuance of 2,151,443 shares, representing 2.51% of the total shar September 10, 2026

Three Mortars Found at Gwangju Apartment Construction Site Three mortars were discovered at an apartment construction site in Buk-gu, Gwangju, prompting police and military authorities to implement safety measures.According to Yonhap News Agency, police reported that the 81mm mortars were found around noon on September 10 near a hillside close to the construction site in Maegok-dong.After receiving the report, police and an Explosive Ordnance Disposal (EOD) team secured the area and safely disposed of the munitions. No injuries were reported as a result September 10, 2026

High-Risk Funds Show Strong Long-Term Returns 위험도가 높은 펀드일수록 장기 수익률이 월등히 높은 것으로 나타났다. 위험등급이 ‘매우높음’인 펀드는 5년 수익률이 140%를 넘어 ‘낮음’ 등급과 10배 가까운 격차를 보였다. 높은 변동성을 감수하고 투자 기간을 길게 가져갈수록 수익률 측면에서 유리한 모습을 보인 셈이다. 10일 에프앤가이드에 따르면 지난달 31일 기준 설정액 1000억원 이상인 펀드 975개의 위험등급별 기간 수익률을 비교한 결과 ‘매우높음’ 등급 펀드의 5년 수익률은 141.78%로 집계됐다. 반면 ‘낮음’ 등급 펀 September 10, 2026

South Korea's Delayed Investment in the U.S. Raises Concerns Amid Trump Administration's Frustration More than a year after South Korea agreed to invest $350 billion in the United States, concerns are growing within the Trump administration over the slow pace of this investment, according to a report by the Financial Times on September 9, citing multiple sources. One U.S. source warned that South Korea needs to "hurry up" or risk inciting President Trump's anger. Another source noted that Trump's criticism of South Korea for not cooperating in the U.S. war against Iran last month was also roo September 10, 2026

Government Considers Raising SOC Project Feasibility Study Threshold The government is considering raising the threshold amount for preliminary feasibility studies of social overhead capital (SOC) projects. It also discussed improving the system for integrated public disclosure of financial information and adjusting the legal distribution ratio of lottery funds.The Ministry of Economy and Finance held the third meeting of the 'Financial Management Normalization Task Force' on September 10, chaired by Deputy Minister Cho Yong-beom, to review the progress of existi September 10, 2026

Author Kim Ae-ran Discusses Human Nature at 2026 Seoul International Writers' Festival Author Kim Ae-ran spoke at a press conference on September 10 at the Press Center in Jung-gu, Seoul, ahead of her opening discussion with Chilean writer Benjamin Labatut at the 2026 Seoul International Writers' Festival.The festival, taking place from September 11 to 16 at the Ara Art Center in Jongno-gu, will feature 24 writers from Korea and abroad. This year's theme is 'Who are you?' which prompts questions about identity in an era where artificial intelligence (AI) is rapidly encroaching on September 10, 2026

Korea's Ministry of Economy and Finance Advances AI and Infrastructure Cooperation at KOAFEC The Ministry of Economy and Finance hosted the second day of the 8th Korea-Africa Economic Cooperation (KOAFEC) ministerial meeting at the Grand Walkerhill in Seoul on September 10. The event included business forums, investment briefings, and one-on-one business meetings, focusing on expanding opportunities for private sector engagement based on AI and digital cooperation strategies agreed upon at the previous day's ministerial roundtable.Heo Jang, the Second Vice Minister of Economy and Financ September 10, 2026

Choosing Between Fixed and Variable Rate Mortgages Amid Rising Interest Rates Consumers seeking home equity loans are facing complex calculations due to rising interest rates. Typically, fixed-rate loans are preferred when rates increase, but the current situation is different. Variable rates are more than 0.5 percentage points lower than fixed rates, making them more attractive in terms of immediate interest burden. However, choosing a variable rate is not straightforward, as further increases in the benchmark rate could lead to higher future interest payments. This rai September 10, 2026