South Korea Freezes 8th Oil Price Cap Amid Rising International Oil Prices The South Korean government has decided to freeze the 8th oil product price cap. Despite recent factors that could lead to price increases due to rising international oil prices, the decision was made considering the burden on the consumer economy from inflation and interest rate hikes. However, with escalating tensions in the Middle East, there remains the possibility of future price increases.The Ministry of Trade, Industry and Energy announced on July 24 that the 8th oil product price cap, ef July 24, 2026

Ruling Party Adopts Stance to Abolish Prosecutors' Supplementary Investigation Rights, Opposition Vows Strong Resistance The People Power Party strongly opposed the Democratic Party's decision on July 24 to adopt a stance for the complete abolition of supplementary investigation rights for prosecutors, vowing to "fight with all our strength." The party indicated it would resort to measures such as a filibuster if the amendment is presented at the National Assembly's general assembly.Jung Jeom-sik, the party's floor leader, expressed his views on Facebook, stating, "This decision is a madness fueled by hatred and r July 24, 2026

Choi Tae-won and Noh So-young Divorce Case Concludes with 944 Billion Won Ruling Choi Tae-won, chairman of SK Group, and Noh So-young, director of the Art Center Nabi, have received a ruling in their divorce case, while prosecutors continue their investigation into allegations of slush funds linked to former President Noh Tae-woo's family. According to legal sources on July 24, the Seoul Central District Prosecutors' Office's Asset Recovery Division has recently requested clarification from Kim Ok-sook, the wife of the late president, regarding certain financial transactions July 24, 2026

SK Group Chairman Ordered to Pay $944 Million in Divorce Settlement SK Group Chairman Chey Tae-won and Art Center Nabi Director Noh So-young's divorce property division lawsuit has reached a significant turning point. On July 24, the Seoul High Court ruled that Chey must pay Noh 944 billion won in cash as part of the property settlement. This decision comes nearly nine years after the legal dispute began with a divorce mediation request in 2017. The substantial changes in the property division amounts—from 66.5 billion won in the first trial to 1.38 trillion won July 24, 2026

The Future of Universities in the Age of AGI: A Call for Qualified Educators Artificial General Intelligence (AGI) is on the horizon, marking a significant shift from AI as a mere information retrieval tool to a system capable of independent thought and complex task execution. The global industrial landscape and advanced research fields are evolving rapidly, prompting the government to invest heavily in initiatives aimed at establishing South Korea as one of the world's top three AI powerhouses. However, a troubling reality emerges when we turn our attention to universi July 24, 2026

Court Orders Choi Tae-won to Pay 944 Billion Won to Noh So-young A South Korean court has ruled that Choi Tae-won, chairman of SK Group, must pay 944 billion won to Noh So-young, director of the Art Center Nabi. This ruling has raised expectations regarding the potential success fees for Noh's legal team.The Seoul High Court's Family Division, presided over by Judge Lee Seung-joo, announced on July 24 that Choi is obligated to pay Noh the specified amount as part of their property division case.Legal experts are closely watching the success fees for Noh's leg July 24, 2026

Illegal Drugs Detected in Wastewater: 31 Substances Found, Including 8 Club Drugs in Yongsan Last year, 31 types of illegal drugs, including methamphetamine, synthetic cannabinoids, and ketamine, were detected in wastewater across the country. The Ministry of Food and Drug Safety expanded its analysis from a maximum of 22 substances to 243, revealing the use of new drugs and so-called 'club drugs' that had previously gone undetected.On July 24, the Ministry announced the results of the '2025 Illegal Drug Usage Survey.' The analysis was conducted on wastewater samples collected from 34 s July 24, 2026

SK Group's Chey Tae-won and NVIDIA's Jensen Huang Discuss AI Semiconductor Collaboration in the U.S. Chey Tae-won, chairman of SK Group, and Jensen Huang, CEO of NVIDIA, met in the United States to discuss collaboration in artificial intelligence semiconductors, data centers, and physical AI.NVIDIA announced on July 24 that the two leaders dined in Woodside, California, a day before the San Francisco AI Summit. Officials from SK hynix, SK Telecom, and NVIDIA also attended the meeting.The two sides reviewed their ongoing collaboration in AI semiconductors, including high-bandwidth memory (HBM), July 24, 2026

Extreme Heat Continues Across South Korea This Weekend On Saturday, July 25, extreme heat and tropical nights will persist across most of South Korea, with rain expected primarily in the Seoul metropolitan area and Gangwon Province. Showers are also forecast for Chungcheong Province and Jeju Island.According to the Korea Meteorological Administration on July 24, heat advisories are in effect for most regions, with the perceived temperature rising to around 33 degrees Celsius. In particular, southern Gyeonggi Province, eastern Gangwon, and parts of C July 24, 2026

CNN: Despite AI Boom, Chey Tae-won’s Ex-Wife Receives Limited Asset Division Despite a surge in SK Hynix's corporate value due to the AI boom, this increase was not reflected in the asset division between Chey Tae-won, chairman of SK Group, and Noh So-young, director of the Art Center Nabi. CNN reported that the AI boom did not alter the outcome of what has been termed the 'divorce of the century.'On July 24, the Seoul High Court ruled that Chey must pay Noh 944 billion won (approximately $644 million) in asset division. This amount falls significantly short of what Noh July 24, 2026