Police to Increase Investigation Personnel by 2,000 Ahead of Revised Criminal Procedure Law The police will deploy approximately 2,000 additional personnel to investigation departments in the second half of this year, in line with the implementation of the revised Criminal Procedure Law. With the abolition of prosecutors' direct supplementary investigation rights, the police's responsibility for supplementary investigations has increased, necessitating an expansion of personnel and the establishment of detailed procedures to effectively respond to prosecutors' requests.On September 10, September 10, 2026

Supreme Court Confirms Suspended Sentence for Hyosung Vice Chairman Lee Sang-woon in Tax Evasion Case Lee Sang-woon, vice chairman of Hyosung Group, has received a suspended prison sentence for tax evasion amounting to 120 billion won.The Supreme Court's second division, led by Justice Eom Sang-pil, upheld the original ruling on September 10, sentencing Lee to two years and six months in prison, suspended for four years. The court also maintained a suspended fine and ordered 200 hours of community service.This ruling concludes a legal battle that began 12 years and eight months ago when Lee and September 10, 2026

Seoul City Bus Workers Plan Full Strike on September 16 Amid Wage Dispute Seoul city bus workers and management are at an impasse over the calculation of standard wages and proposed wage increases, raising the likelihood of a full strike scheduled for September 16.According to Yonhap News, the Seoul City Bus Transportation Association announced on September 10 that it is difficult to accept the labor union's demands for a standard wage calculation based on 176 hours and a 7.85% hourly wage increase.The standard wage calculation hours are used to convert monthly standa September 10, 2026

President Lee Returns from State Visit to France, Directs Support for Families of Missing Nepal Flood Victims President Lee Jae-myung returned to South Korea on September 10 after completing his state visit to France. Upon his return, he received reports regarding the difficulties faced by the families of South Koreans missing due to the floods in Nepal and instructed officials to consider necessary measures to reflect the families' wishes as much as possible.President Lee and First Lady Kim Hye-kyung arrived at Seongnam Seoul Airport aboard Air Force One in the afternoon.At the airport, they were welco September 10, 2026

Gwangju City to Commemorate 400 Years of Namhansanseong with Cultural Festival The Namhansanseong Cultural Festival, Gwangju City's premier historical and cultural event, will take place from September 18 to 20 at Namhansanseong Provincial Park.According to the city on September 10, this year's festival marks its 31st iteration and commemorates the 400th anniversary of the construction of the Namhansanseong fortress. The event aims to reflect on its historical significance and provide citizens with opportunities to engage with cultural heritage through performances, tradit September 10, 2026

Yuyu Pharmaceutical Launches Podcast Channel 'Robert's YUniverse' 유유제약 오너 3세인 유원상 대표이사가 팟캐스트 채널 'Robert’s YUniverse'를 열고 직접 진행에 나섰다. 10일 유유제약에 따르면 유 대표가 직접 진행하는 이 채널은 글로벌 비즈니스 인사이트부터 K-컬처, 한국 음식까지 폭넓은 분야를 아우른다. 특히 수의학 바이오테크와 고양이 웰니스 등 반려동물 건강 분야 최신 동향과 혁신 연구에 대한 심도 있는 통찰을 주요 콘텐츠로 구성했다. 운영 초반 에피소드에는 동물 건강 산업과 학계, 수의학 분야 해외 전문가들이 게스트로 출연한다. 이들과의 대담을 통해 동물 September 10, 2026

TSMC Accelerates 1.4-Nanometer Production, Set to Begin Next Year The world's largest foundry, Taiwan Semiconductor Manufacturing Company (TSMC), is set to accelerate its 1.4-nanometer production process, with mass production expected to begin as early as the second half of next year.According to the Central Taiwan Science Park Administration, TSMC's construction of its 1.4-nanometer plant in Taichung is progressing rapidly. The first plant (P1) has completed its steel structure work and is slated to begin test operations in April 2027, allowing for mass produ September 10, 2026

Government to Support Garlic and Onion Prices Under New Stabilization Program The government will implement an Agricultural Price Stabilization System this year for garlic and onions. If the average price during the harvest season falls below 80% of the average wholesale price, the government will provide full or partial support to alleviate the financial burden on farmers.On September 10, the Ministry of Agriculture, Food and Rural Affairs held the first Agricultural Price Stabilization Committee meeting at the aT Center in Yangjae, Seoul, chaired by Vice Minister Kim Jo September 10, 2026

August Government Bond Rates Rise Across All Maturities Amid Rate Hikes Government bond rates in South Korea rose across all maturities last month, influenced by the Bank of Korea's consecutive interest rate hikes and rising long-term rates in major economies.According to the Financial Investment Association's report on the 'Trends in the Over-the-Counter Bond Market for August 2026,' government bond rates at the end of August increased compared to the end of the previous month.The three-year bond rate rose by 8.0 basis points to 3.838%, while the ten-year bond rate September 10, 2026

Deposit Rates Rise to 3.4% as Major Banks Adjust Interest Rates Major commercial banks are raising deposit rates in response to rising market interest rates.According to the financial sector on September 10, Hana Bank increased the interest rate on its flagship one-year term deposit product, 'Hana's Time Deposit,' from 3.2% to 3.3%, a 0.1 percentage point rise. This follows a previous increase in July, when the rate was raised from 2.9% to 3.2%.Woori Bank also raised the interest rate on its main deposit product, 'WON Plus Deposit,' from 3.2% to 3.4%, an inc September 10, 2026