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.The Seoul High Court's Family Division, led by Judge Lee Sang-joo, made the decision on July 24 during the remand hearing for the couple's property division lawsuit. The court also specified that a 5% annual interest on the payment would accrue from the day after the ruling until the full amount is paid.The court determined that the SK stocks held by C July 24, 2026

Korean Lawmaker Apologizes After Physical Altercation Over Committee Assignments 국민의힘 내에서 국회 상임위원회 배정에 대한 불만으로 물리적 충돌이 일어나면서 파문이 커지고 있다. 정점식 원내대표의 멱살을 잡은 권영진 의원이 하루 만에 사과와 반성의 뜻을 밝혔지만, 징계 요구가 나오면서 논란이 가라앉지 않고 있다. 정 원내대표는 24일 국회에서 열린 원내대책회의에 불참했다. 회의에 참석한 정희용 사무총장은 "어제 국민께 부끄럽고 참담한 일이 발생했다"며 "상임위 배정에 불만을 품은 의원이 항의하는 과정에서 급기야 한 의원은 원내대표의 멱살을 잡았고, 이를 말리던 전임 원내대표의 멱살까지 July 24, 2026

Kia Reports Record Sales of 33 Trillion Won in Q2 Amid Tariff Challenges Kia achieved record sales and the highest quarterly sales figures in its history in the second quarter of this year, driven by increased sales of electric vehicles (EVs) and hybrid vehicles (HEVs). However, operating profit saw a slight decline due to U.S. automotive tariffs and expanded sales incentives.On July 24, Kia announced in a regulatory filing that its consolidated revenue for the second quarter reached 33.037 trillion won, with an operating profit of 2.6285 trillion won. This represent July 24, 2026

KOSPI Falls Below 6,700 Amid Global Risk Aversion Geopolitical tensions in the Middle East have led to a surge in international oil prices, triggering a wave of risk aversion in global markets. Following a decline in the New York stock market, South Korea's stock exchanges experienced significant sell-offs, with both the KOSPI and KOSDAQ dropping more than 5%.On July 24, the Korea Exchange reported that the KOSPI closed at 6,690.02, down 406.87 points (5.73%) from the previous trading day. The index opened at 7,000.78, down 96.11 points (1.35%) July 24, 2026

Choi Tae-won Ordered to Pay 944 Billion Won in Asset Division Choi Tae-won, 65, chairman of SK Group, has been ordered by the Seoul High Court to pay 944 billion won (approximately $800 million) to No So-young, 65, director of Art Center Nabi, as part of their asset division settlement. This amount is 4.368 billion won less than the 1.38 trillion won recognized in the previous appellate ruling, but significantly higher than the 665 billion won awarded in the initial trial.The court ruled on July 24 that Choi must pay the amount with an annual interest of 5 July 24, 2026

Global Inflation Concerns Rise as Oil Prices Hit $100 and U.S. Imposes New Tariffs As international oil prices surpassed $100 per barrel, the United States has imposed new tariffs on key trading partners, reigniting global inflation concerns. Rising oil prices are increasing production and transportation costs, while U.S. tariffs could elevate the prices of imported goods. This situation raises the possibility that central banks in major economies may delay interest rate cuts or consider further hikes.Brent Crude Surpasses $100 Amid Middle East Shipping ConcernsOn July 23, Bre July 24, 2026

Navy Conducts First Combat Experiment with Robot Crew Member On July 23, the South Korean Navy conducted its first combat experiment using a robot crew member at the Naval Education Command's training facility in Changwon, South Gyeongsang Province, in collaboration with KAIST.The experiment is part of the Navy's initiative to develop a smart military force based on advanced science and technology, exploring the operational use of robots in naval vessels as part of the 'Navy Sea GHOST' program.During the experiment, the humanoid robot 'PIBOT,' developed b July 24, 2026

Nongshim, Dunkin', and Tous Les Jours Announce Price Increases Nongshim, B.R. Korea, and CJ Foodville are set to increase prices on key products.According to industry sources on July 24, Nongshim will raise the ex-factory prices of its popular cup noodles, snacks, and beverages by an average of 5.8% starting August 1. The price adjustment will affect a total of 43 brands, including 18 types of cup noodles, 23 snacks, and 2 beverages. The average increase by category is 6.0% for cup noodles, 5.5% for snacks, and 7.7% for beverages.As a result, the recommende July 24, 2026

Severe Heat Warning Issued for Pohang and Gyeongju as Government Responds The government has issued a severe heat warning for Pohang and Gyeongju in North Gyeongsang Province, prompting the dispatch of on-site situation managers to assess safety measures.On July 24, the Ministry of the Interior and Safety held a meeting led by Kim Yong-kyun, head of the Natural Disaster Management Division, with participation from relevant ministries and local governments to review the response to the heat wave.As of 2 p.m. that day, temperatures in Pohang and other areas of North Gye July 24, 2026

Samsung Heavy Industries Reports 59% Increase in Q2 Operating Profit Samsung Heavy Industries continued its performance improvement in the second quarter of 2026, driven by an expansion in high-value shipbuilding.On July 24, Samsung Heavy Industries announced its preliminary results for the second quarter, reporting sales of 3.23 trillion won and an operating profit of 325 billion won. The second quarter sales increased by 20% compared to the same period last year (2.68 trillion won), while operating profit rose by 59%.For the first half of the year, the company July 24, 2026