Chinese Stock Market Declines Amid Rising Oil Prices On September 10, the Chinese stock market closed lower as international oil prices surged past $100 a barrel. The Shanghai Composite Index fell 0.43% to 3,934.40, the Shenzhen Component Index dropped 0.77% to 13,617.67, and the ChiNext Index decreased 0.49% to 3,338.42.The escalation of the war in Iran has led to a sharp increase in global oil prices. Brent crude, which surpassed $100 a barrel the previous day, reached $101.20 on this day. The spike in oil prices has heightened inflation concern September 10, 2026

Revised Privacy Law Emphasizes Prevention, Imposes Fines Up to 10% of Revenue Starting September 11, a revised Personal Information Protection Act will enhance a prevention-focused privacy protection system. The law strengthens penalties for serious violations while providing incentives for proactive investments and swift responses from companies. It also increases the accountability of CEOs and boards of directors regarding data protection.The amendment not only tightens penalties but also reinforces the incentive structure to encourage proactive investments and quick re September 10, 2026

South Korea to Dispatch Second KDRT Team to Flood-Stricken Nepal South Korea will send a second team of the Korea Disaster Relief Team (KDRT) to Nepal, which has been affected by severe flooding, on September 11. However, the size of this team is significantly smaller than the first team, which will return home the same day with 44 members. The duration of the second team's mission is also shorter, reduced from 10 days to 7 days.Park Doo-soon, spokesperson for the Ministry of Foreign Affairs, stated during a regular briefing at the ministry's office in Jongno September 10, 2026

IBK Industrial Bank Supports Five Domestic Startups in Global Expansion IBK Industrial Bank's startup incubation platform, IBK Changgong, is set to assist innovative startups in their global expansion.On September 10, IBK Industrial Bank held a kickoff event for the 'Silicon Valley 4th Acceleration Program' at the Coex Startup Branch in Seoul, marking the official launch of its startup support initiatives.The Silicon Valley Acceleration Program is a collaborative effort between IBK Industrial Bank and the global venture capital firm 500 Global, aimed at helping dome September 10, 2026

Political Stalemate Over Yoon Hye-in's Confirmation Hearing The National Assembly's Gender Equality Committee was set to finalize the schedule for Yoon Hye-in's confirmation hearing on September 10, but the meeting was abruptly canceled just one hour before it was to begin. Both the ruling and opposition parties exchanged blame over the cancellation.Members of the opposition People Power Party held a press conference, stating, "We coordinated with the Democratic Party on the hearing schedule, but failed to reach an agreement on witness selection," urging September 10, 2026

Glendronach Unveils Limited Edition Whiskies to Celebrate 200 Years Glendronach, known for its 200 years of sherry cask maturation, has introduced a new limited edition to mark its bicentennial. The distillery has released a special bottling aged in red wine casks, allocating approximately 3,000 bottles for the South Korean market. Additionally, the company is increasing the domestic supply of some key products that had previously been limited, targeting premium single malt consumers. On September 10, Brown-Forman Korea held a 'Glendronach 200th Anniversary Mas September 10, 2026

Trial Begins for Former Military Intelligence Chief Over Alleged Political Profiling The trial of Yeo In-hyung, the former chief of South Korea's military intelligence agency, has commenced amid allegations that he created a "blacklist" to assess the political inclinations of military generals and legal officers during the Yoon Suk-yeol administration.On September 10, the 32nd Criminal Division of the Seoul Central District Court, presided over by Judge Ryu Kyung-jin, held the first preparatory hearing for Yeo, who is charged with abuse of power. Yeo did not attend the hearing, September 10, 2026

Shin Dong-bin Oversees AI Design Innovation at Lotte Strategy Meeting Shin Dong-bin, chairman of Lotte Group, is directly overseeing the group's design innovation utilizing artificial intelligence (AI). On September 10, Lotte announced that it held the '2026 Lotte Design Strategy Meeting' at the Lotte World Tower in Jamsil, Seoul, attended by over 50 participants, including Shin, the CEO of Lotte Holdings, department heads, and representatives from major affiliates. Now in its third year, the design strategy meeting serves as a platform to review the group's brand September 10, 2026

Yong Hye-in Stands Firm on Dual Role as Lawmaker and Minister Yong Hye-in, the nominee for Minister of Gender Equality and Family, reiterated her decision not to resign from her position as a proportional representative lawmaker during a press conference held at the National Assembly on September 10.During the conference, she stated, "The nomination of an opposition lawmaker as a minister is the first case since the Kim Dae-jung government and the DJP alliance, making it difficult to evaluate as a mere precedent."She emphasized, "It is a principle that law September 10, 2026

Kim Garam, former LE SSERAFIM member, transitions to acting career Kim Garam, who left the group LE SSERAFIM amid school bullying controversies, is embarking on a new career as an actress.Management Goo announced on September 10 that it has released a new profile photo of Kim Garam, stating, "Kim Garam, an actress with diverse charms and limitless potential, has joined Management Goo."The agency added, "Kim Garam is constantly working to show the public a new side of herself, honing her skills in acting as well as foreign languages (English and Japanese) and sp September 10, 2026