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Government to Implement Rice Price Stabilization Measures Starting August 27 The government will implement measures to stabilize rice prices if production exceeds certain levels or prices decline. Legal grounds have been established to support farmers who grow non-rice crops and to manage appropriate rice cultivation areas in advance.The Ministry of Agriculture, Food and Rural Affairs announced on August 26 that the revised Grain Management Act and its subordinate regulations will take effect on August 27. The act was amended on August 26 of last year and underwent a year-long preparation period.The revised law mandates the government to establish and implement supply and demand stabilization measures when rice production exceeds certain thresholds or when price declines are anticipated. These measures may include the purchase of excess quantities depending on market conditions.However, the government will not automatically purchase excess production without conditions. A Grain Supply Management Committee, consisting of producers, distributors, consumers, and experts, will review the supply situation and recommend appropriate measures for the government to implement.To manage supply proactively rather than reactively, the government is required to establish an annual grain supply plan that includes appropriate rice cultivation areas and non-rice crop areas.The scope of the supply plan will expand from previously government-managed grains to all grains. Prior to the law's implementation, the government announced the '2026 Grain Supply Plan' in February, detailing appropriate rice cultivation areas.New provisions have also been established to support farmers who grow non-rice crops instead of rice. This measure aims to reduce rice production while expanding the cultivation of strategic crops such as wheat and soybeans. The budget for the strategic crop direct payment program has increased from 244 billion won last year to 419.6 billion won this year.The newly formed Grain Supply Management Committee will be chaired by the Deputy Minister of Agriculture, Food and Rural Affairs and will consist of up to 15 members. At least one-third of the appointed members will represent producer organizations related to grain supply and demand.The committee will review the grain supply plan, government grain supply plans, and harvest season measures, thereby enhancing the participation of industry stakeholders in the policy-making process by transitioning the existing Grain Supply Stabilization Committee into a statutory committee.Additionally, legal grounds have been established to supply government-managed grains at discounted prices to low-income households and those in need.Jung Hye-ryun, Director of Food Policy at the Ministry of Agriculture, Food and Rural Affairs, stated, “The implementation of the Grain Management Act has strengthened the system for preventing rice supply issues in advance. In the future, we plan to promote a trust-based grain supply policy through the Grain Supply Management Committee, bringing together producers, distributors, and consumers.”* This article has been translated by AI. 2026-08-26 11:04:00 -
Delayed Real Estate Projects to Transition to Rental Housing for Youth and Newlyweds The government is set to advance a plan to convert real estate project financing (PF) sites that have stalled or been delayed due to financial difficulties into rental housing managed by the Korea Land and Housing Corporation (LH). This initiative aims to normalize projects while simultaneously increasing housing supply for youth and newlywed couples.On August 26, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, LH, and the Financial Supervisory Service announced that they would implement this conversion as a follow-up to the 'Rapid Housing Supply Plan.'The goal of this initiative is to quickly supply well-located housing while alleviating the burden of unsold units on developers, thereby reviving halted projects.On August 27, the government and related agencies will hold a meeting to review the progress of the initiative and discuss ways to formalize inter-agency collaboration to support the conversion of PF sites into LH rental housing.Since last year, the Financial Services Commission and the Financial Supervisory Service have been providing information on PF sites interested in participating in the LH rental housing program to the Ministry of Land and LH. After reviewing potential sites, LH informs developers through the Financial Supervisory Service, and once a developer confirms their intent to sell, a review process is conducted before a purchase agreement is finalized.Last year, agreements were made for 12 projects, totaling 2,600 units. The government plans to expand the scope and types of projects starting this year. Previously, the focus was on projects that had encountered difficulties, but this year, sites that are progressing normally but face delays in funding will also be considered.The types of purchases will also expand beyond new construction agreements to include existing properties. Projects that have already been completed or are nearing completion may also qualify.The government will enhance tax incentives and financial support. The tax reduction rate for land and building acquisition for new construction projects will be increased, and the LH land acquisition support fund will be raised from 70% to a maximum of 80% of the existing land cost. In regulated areas of the metropolitan area, the cost method will be applied to reflect construction cost increases in the purchase price.The Financial Supervisory Service and LH have already conducted a preliminary review of potential sites based on location and rental demand. They are currently confirming the sale interest of developers, and submitted projects will undergo a purchase review, with plans to proceed to new construction agreements or existing property purchases within the year.LH will also participate in a sales briefing for distressed PF projects hosted by the Financial Supervisory Service on September 15, where they will provide explanations about the rental housing program and offer on-site consultations.The government plans to supply the housing secured through this initiative as rental units for youth and newlywed couples in urban areas, particularly near transportation hubs. It is expected that these newly built or recently completed homes can be offered at rental prices below market rates.The success of this initiative will depend on whether the measures to normalize PF projects lead to actual housing supply rather than just stabilizing the financial market.Cho Seong-tae, head of the Housing Welfare Support Division at the Ministry of Land, stated, "PF projects are the fastest resources to become homes. We will actively utilize rental housing to ensure that halted projects can become homes for youth and newlywed couples." 2026-08-26 11:04:00 -
KATSEYE lands four songs on Billboard Hot 100 SEOUL, August 26 (AJP) - International girl group KATSEYE placed four songs simultaneously on the Billboard Hot 100 this week, extending its U.S. chart breakthrough after scoring its first No. 1 on the Billboard 200 with latest EP WILD. Pre-release single "Animal" climbed six places to No. 24 on the main U.S. singles chart dated Aug. 29, according to Billboard. Title track "Hootie Frutti" debuted at No. 31, giving KATSEYE another top-40 entry. "Pinky Up" ranked No. 81, while "ICONIC BY MISTAKE," a collaboration with HYBE girl groups LE SSERAFIM and ILLIT, came in at No. 94. The showing gives KATSEYE four simultaneous Hot 100 entries as the group builds on the strongest U.S. chart week of its career. WILD debuted at No. 1 on the Billboard 200 with 170,000 equivalent album units, marking KATSEYE's first chart-topper since its 2024 debut. Billboard said the total was the biggest single-week performance for an all-female group since the Billboard 200 began measuring albums under its current units-based methodology in 2015. The five-track EP also easily surpassed KATSEYE's previous career best. Its 2025 release Beautiful Chaos debuted at No. 4 with 44,000 units. "Hootie Frutti" became the third song from WILD to reach the Hot 100 top 40, following "Animal" and "Pinky Up," according to Billboard. KATSEYE also has three albums on this week's Billboard 200. Beautiful Chaos ranked No. 92, while SIS (Soft Is Strong) came in at No. 156 alongside the No. 1 debut of WILD. Other Korean and K-pop-linked acts remained active across Billboard's two flagship charts. BLACKPINK member Jennie's collaboration with Tame Impala, "Dracula," held at No. 8 on the Hot 100, extending its chart run to a 47th week. On the Billboard 200, Stray Kids' THIS & THAT, which topped the chart the previous week, slipped to No. 3. BTS' ARIRANG ranked No. 24, while the soundtrack to Netflix animated film KPop Demon Hunters placed No. 33. CORTIS' GREENGREEN came in at No. 155. AJP Takeaways • KATSEYE placed four songs simultaneously on the Billboard Hot 100, led by "Animal" at No. 24 and new entry "Hootie Frutti" at No. 31. • WILD debuted at No. 1 on the Billboard 200 with 170,000 equivalent album units, KATSEYE's first chart-topper and the biggest weekly total for an all-female group under Billboard's current units methodology. • KATSEYE also placed three albums on the Billboard 200, reinforcing its U.S. breakthrough as Stray Kids, BTS, Jennie and other Korean-linked acts remained on Billboard's major charts. 2026-08-26 11:02:32 -
Freedom Edge to go ahead despite rollback in Korea drills SEOUL, August 26 (AJP) -The United States is preparing to move ahead with a major trilateral military exercise with South Korea and Japan, regardless of the scaled-back annual drills with Seoul ordered by President Donald Trump as he seeks to renew rapport with Pyongyang. “In close coordination with the Japan Self-Defense Forces and the Republic of Korea Armed Forces, U.S. Pacific Command is preparing for the 2026 iteration of exercise Freedom Edge,” Lt. Cmdr. Chloe Morgan, a spokesperson for U.S. Pacific Command, said Wednesday. “This premier multi-domain exercise will continue to reinforce our shared values, enhance our shared interoperability and further strengthen our defense partnerships to ensure peace and stability throughout the Pacific,” Morgan said. She said additional details on the exercise would be released at a later date. The comments came in response to questions over whether Trump’s directive to substantially reduce South Korea-U.S. military exercises would also affect Freedom Edge, or whether the trilateral exercise would proceed at its originally planned scale and scope. While PACOM did not specify the scale of this year’s exercise, its response indicates Washington intends to preserve the trilateral training framework even as it adjusts bilateral exercises with Seoul. South Korea, the United States and Japan are reportedly in final coordination to hold this year’s Freedom Edge exercise next month. The three countries agreed at the Camp David summit in August 2023 to conduct regular multi-domain military exercises. The first Freedom Edge exercise was held in June 2024, followed by a second iteration that November and a third in September 2025. The exercises have included ballistic missile defense, air defense, anti-submarine warfare, maritime interdiction and defensive cyber training, bringing together naval and air assets from all three countries. Japan has also emphasized the importance of maintaining trilateral security cooperation amid the changes to South Korea-U.S. exercises. Japanese Defense Minister Shinjiro Koizumi said during a visit to Australia on Aug. 18 that cooperation among South Korea, the United States and Japan remains “essential for regional peace and stability,” citing North Korea’s advancing nuclear and missile capabilities as well as a worsening regional security environment. While avoiding direct criticism of Trump’s decision, Koizumi pointed to real-time sharing of North Korean missile warning information and Freedom Edge as examples of practical security cooperation that the three countries have built up. “We would like to, based on this framework, continue to deepen our bilateral and trilateral collaboration,” Koizumi said during a joint press conference with Australian Deputy Prime Minister and Defense Minister Richard Marles in Canberra. Trump’s decision to scale back the bilateral drills came as he renewed his push for talks with North Korean leader Kim Jong Un, raising questions over whether other U.S.-led exercises involving South Korea could also face reductions. North Korea has repeatedly denounced the trilateral drills. AJP Takeaways · U.S. Pacific Command is preparing the 2026 Freedom Edge exercise with South Korea and Japan. · The trilateral drills will continue despite reduced South Korea-U.S. exercises. · Japan also stressed the importance of maintaining trilateral security cooperation. 2026-08-26 11:02:31 -
China Gains from US-Canada Trade War, Aiming for Strategic Victory China is seeking to capitalize on the diplomatic and economic benefits arising from the escalating trade war between the United States and Canada. As the US imposes tariffs even on its allies, China is positioning itself as a 'defender of free trade' and accelerating trade relations with Canada and other countries.Canada Responds to US Tariffs with Strong Measures, Expands Economic Cooperation with ChinaStarting September 8, Canada will impose retaliatory tariffs on approximately 700 US products worth CAD 27.6 billion (about USD 20 billion), responding firmly to US tariffs. Canadian Prime Minister Mark Carney declared, "We are at war with the United States." This makes Canada the second country, after China, to retaliate against US tariffs.China has welcomed Canada's countermeasures. The state-run Global Times described Canada's response as a 'Chinese-style counterattack,' asserting that it not only protects national interests but also upholds the stability of global supply chains and the fairness of international trade.In fact, Canada has been strengthening its trade relations with China in anticipation of US tariff pressures. Earlier this year, Carney visited China for the first time in nine years as Prime Minister, paving the way for improved bilateral relations. The relationship had cooled after Canada arrested Huawei executive Meng Wanzhou in 2018 at the request of the US. However, the recent US tariff pressures have prompted a thaw in relations. There are also rumors that Chinese President Xi Jinping may visit Canada next month, marking the first visit by a Chinese head of state in about 16 years.Amid this reconciliation, China has reopened its markets to Canadian canola, beef, and lobster imports this year. Canada has also agreed to lower tariffs on Chinese electric vehicles and apply the most-favored-nation tariff rate to an annual quota of 49,000 electric vehicles, enhancing economic cooperation between the two nations. The Washington Post noted, "Given the intensifying US tariff pressures, this deal appears to have been prescient."The US has strongly opposed Canada's expansion of trade with China. On August 24, US Vice President J.D. Vance criticized Canada during a visit to Maine, stating, "It makes no sense that Canada favors products from China over those produced in Maine."As the US-Canada trade war deepens, analyses suggest that China is benefiting. Zhu Yuan, a senior researcher at the Council on Foreign Relations, told the Washington Post, "We are literally giving up our global leadership. China doesn't have to do anything to gain from this situation."China Expands Trade Beyond Canada, Positions Itself as a 'Defender of Free Trade'China is not only focusing on Canada but is also accelerating trade relations with other countries. On August 21, China agreed to revise its free trade agreement with Switzerland and, earlier in May, eliminated tariffs on goods from all but one African country.China is also working to improve its relationship with India, which had cooled following border clashes.Ali Wine, a senior researcher at the International Crisis Group, told the Washington Post, "China aims to position itself as a stable counterbalance to a capricious superpower that imposes sudden tariffs on its allies and partners."China is actively promoting this trend as a diplomatic and economic achievement. The state-run Global Times commented on August 26 that amid the escalating trade dispute between the US and Canada, "China's approach to international cooperation, based on the principles of equality and mutual benefit, is becoming increasingly attractive." It noted that not only Canada but also several European Union member states, Australia, and ASEAN countries are seeking trade cooperation with China that aligns with their long-term interests.However, it is important to note that China remains heavily reliant on the dollar-based global financial system and overseas markets, making it difficult to completely replace the US. The Washington Post analyzed that rather than overturning US financial and economic dominance overnight, China is benefiting from the US's own weakening of its global leadership. 2026-08-26 10:56:00 -
Kim Min-seok Appointed as Head of Democratic Party's Talent Committee The Democratic Party of Korea has announced the appointment of Kim Min-seok as the head of its Talent Committee, along with other key political appointments. Representative Son Myung-soo has joined as the party's spokesperson. Additionally, Representative Kim Yong-man has been appointed as the chief of the party's Civil Affairs Office, which reports directly to the party leader.Park Sung-jun, the party's chief spokesperson, spoke to reporters after a Supreme Council meeting held in Andong, North Gyeongsang Province, on the 26th, stating, "There was a report on the appointment of political officials." Kim Min-seok will serve as the chair of the Talent Committee, with Representative Hwang Myung-sun as the vice chair. Other appointments include Representative Park Jeong as the chair of the Foreign Affairs, Security, and Unification Advisory Council, Representative Hong Gi-won as the International Committee chair, Representative Yoon Hu-deok as the chair of the National Representatives Council, and Representative Park Yong-gap as the chair of the Finance Committee.The party also revealed the chairs of its standing special committees. Former Gyeonggi Arts Center President Lee Woo-jong has been appointed as the chair of the Culture and Arts Special Committee, while Representative Ko Min-jeong will lead the 4050 Special Committee.* This article has been translated by AI. 2026-08-26 10:52:00 -
Chinese Nationals Exploit Pension System for Lifetime Benefits A recent case of foreign nationals making a one-time payment for ten years' worth of pension contributions after just one month of work has sparked controversy in South Korea. This practice allows them to receive a lifetime old-age pension.On August 26, a post by an employee of the National Pension Service appeared on the anonymous workplace community 'Blind.' The author expressed frustration, stating, "Chinese nationals are applying for pensions in droves. Our children will have to support not only Korean seniors but also Chinese seniors. It's devastating."The controversy centers around the National Pension's deferred payment system, which allows individuals who have not paid contributions due to unemployment or other reasons to make payments later to extend their enrollment period. Originally designed to protect the retirement of those with interrupted careers or non-working spouses, the system has loopholes that foreign nationals on work visas, such as the H-2 visa, can exploit.For instance, a Chinese national was able to enroll in the National Pension for just one month, then made a lump-sum payment for the maximum allowable 119 months of contributions (approximately 10 million won) and is now receiving monthly old-age pension payments after turning 60.Moreover, the number of foreign deferred payment applications surged from 43 in 2015 to 848 in 2024, with payments to qualified Chinese beneficiaries totaling 10.1 billion won.As news of this practice spread online, reactions included, "If this is true, it's insane. It needs to change," and "If you pay just 10 million won, you get 200,000 won a month for life. If this rumor spreads, everyone will come here." Others expressed concern about having to support Chinese seniors, calling it a tribute to a foreign nation.Many netizens criticized the government, asking, "Is there no way for us to benefit from Chinese money?" and questioning when the president would address the issue.In response to the growing controversy, President Lee Jae-myung directed relevant ministries, including the Ministry of Health and Welfare, to implement stringent reforms to the foreign national pension deferred payment system during a Cabinet meeting.President Lee stated, "It may be contradictory for short-term foreign residents to qualify for the pension deferred payment system," and called for a swift overhaul of the system to significantly strengthen the minimum domestic enrollment period, residency qualifications, and actual residency requirements for foreign nationals applying for deferred payments.* This article has been translated by AI. 2026-08-26 10:48:00 -
LG CNS, Naver Cloud to cool Korea's biggest AI factory SEOUL, August 26 (AJP) - LG CNS announced Wednesday that it will build next-generation liquid-cooling infrastructure with Naver Cloud at its Samsong data center, moving to capture an early lead in the fast-emerging market for AI-ready computing facilities. The rollout comes as generative AI drives surging power draw and heat from high-performance graphics processing units, straining the conventional air-cooling systems that have long kept server rooms in check. To answer that, LG CNS will deploy direct-to-chip (DTC) cooling — a method that fastens coolant-fed plates onto GPU chips to draw heat away far more efficiently than air. The infrastructure is designed to run Nvidia's forthcoming Vera Rubin GPUs, owned by the state-backed National IT Industry Promotion Agency, which Naver Cloud will operate. Vera Rubin racks are expected to deliver about 3.3 times the inference performance of Nvidia's current Blackwell Ultra generation. With a total power capacity of 80 megawatts, the Samsong facility is poised to become one of the country's largest AI factories. The technology addresses a hard physical limit as air cooling typically tops out at 20 to 30 kilowatts per rack, yet high-density GPU server racks now exceed 200 kilowatts, making liquid cooling a prerequisite rather than a luxury. "Data center cooling technology is becoming a core competitive edge in AI service quality and operational efficiency," said Cho Heon-hyeock, an executive at LG CNS' data center business division, adding the company would keep building infrastructure to underpin the growth of Korea's AI ecosystem. AJP Takeaways • LG CNS said on Aug. 26, 2026, that it will build direct-to-chip liquid-cooling infrastructure with Naver Cloud at its Samsong data center, an 80-megawatt facility set to rank among South Korea's largest AI factories. •The system is designed to run Nvidia's next-generation Vera Rubin GPUs, owned by the state-backed National IT Industry Promotion Agency and operated by Naver Cloud, with construction and testing targeted for completion in 2027. •Liquid cooling is becoming essential as high-density GPU racks now exceed 200 kilowatts, far beyond the 20-to-30-kilowatt ceiling of air cooling. 2026-08-26 10:41:22 -
Civil Society Voices Concerns Over Expanded NIS Surveillance Powers The National Intelligence Service (NIS) is facing scrutiny as high-ranking officials, including the NIS director, have been indicted over allegations of involvement in the December 3 martial law. Civil society groups have expressed strong concerns regarding proposed amendments to expand the NIS's surveillance powers.The NIS Monitoring Network, composed of the Lawyers for a Democratic Society and the Participatory Budgeting Network, held an emergency press conference on August 26 in front of the National Assembly in Yeouido, Seoul. They urged, "The National Assembly must immediately halt the hasty legislative process and implement reform legislation to control the NIS's potential abuse of power."The amendment, spearheaded by lawmakers Lee Seong-gwon of the People Power Party and Park Seon-won of the Democratic Party, aims to explicitly include 'economic security' in the NIS's duties, alongside counterintelligence, anti-terrorism, and international organized crime. It also broadens the scope of data collection from 'international and state-backed hacking organizations' to include cases suspected of being linked to such organizations.The NIS Monitoring Network pointed out, "The concept of 'economic security' is inherently broad, and terms like 'economic security items,' 'economic security services,' 'supply chains,' 'national resource security,' and 'strategic materials' are vague. The inclusion of an open-ended phrase like 'etc.' effectively expands the scope of data collection to virtually unlimited levels."They further explained, "The NIS could engage in operations through so-called response measures, such as verification, guidance, and blocking, regarding domestic and international activities related to economic security. This could allow the NIS to assume a control tower role over departments related to economic security under its planning and coordination authority."Additionally, they warned, "The NIS could intervene in investigations of major domestic hacking incidents by claiming 'suspicion of activities by state-backed hacking organizations.' This effectively revives the NIS's domestic intelligence-gathering activities, which were abolished by the 2020 amendment to the NIS Law."The group criticized the current government, stating, "Despite the NIS's deep involvement in the December 3 insurrection and its ongoing practices of fabricating espionage cases and surveilling civilians, the Lee Jae-myung administration and the Democratic Party are attempting to expand the NIS's powers as if it were a different entity. Even considering the importance of 'economic security,' expanding the NIS's scope of duties is directly linked to the agency's historical issues of domestic political interference and civilian surveillance."Previously, former NIS director Cho Tae-yong was indicted by the special prosecutor's team for allegedly providing false answers regarding the martial law situation to the Constitutional Court. On August 19, he was sentenced to two years and six months in prison in an appeals court.The second comprehensive special prosecutor's team has also indicted Cho on additional charges related to his involvement in insurrection. Other individuals, including former Deputy Director Hong Jang-won, Deputy Director Hwang Won-jin, and Planning and Coordination Director Kim Nam-woo, have also been included in the indictment. They are accused of justifying the martial law to foreign intelligence agencies and gathering domestic and international reactions to it.The comprehensive special prosecutor's office stated, "There is no evidence that general NIS employees, aside from political appointees, were systematically involved in the insurrection." However, contradictory evidence continues to emerge.Democratic Party lawmaker Yoon Geon-young raised suspicions last month that the NIS created a separate organization during the Yoon Suk-yeol administration to surveil politicians and reported this to the presidential office ahead of the 2024 general elections. On August 19, it was claimed that the NIS drafted a document on the potential exercise of counterintelligence authority in the event of a martial law situation in September 2024 and created another document outlining the roles various NIS departments would play following a declaration of martial law in December of that year.* This article has been translated by AI. 2026-08-26 10:40:20 -
China Aims to Develop 25T Superconductor by 2030 for Fusion Energy China has announced its goal to produce a prototype of a 25T (Tesla) high-temperature superconducting magnet by 2030.This vision was revealed at the 2026 Fusion Energy Conference held in Shanghai on August 25, as reported by the Chinese news outlet The Paper on August 26. The conference saw the formation of a 'fusion consortium' led by the state-owned China National Fusion Energy (聚變能源), with participation from eight entities including Shanghai Superconductor, Eastern Superconductor, and Shanghai Jiao Tong University.The consortium aims to develop high-temperature superconducting ferromagnetic tokamak magnets that meet the specifications required for China's fusion experimental device, the China HL-4. They have outlined a roadmap to produce and test the 25T superconducting magnets by 2028 and to manufacture prototypes by 2030.The China HL-4 is the world's first fusion experimental platform utilizing plasma with high-temperature superconducting ferromagnetic technology. Its goal is to verify the stable operation of the 25T superconducting magnets. Tokamak fusion reactors generate power using plasma exceeding 100 million degrees Celsius, requiring strong magnetic fields produced by superconducting magnets to confine the plasma.The stronger the magnetic field, the smaller the tokamak device can be. Recently, countries have been developing high-temperature superconducting (HTS) technology, which maintains superconducting properties even at elevated temperatures, replacing copper wire. Therefore, the 25T superconducting magnet is considered essential for the commercialization of fusion reactors. The United States' SPARC and the United Kingdom's STEP devices are also pursuing high-temperature superconducting technology for their respective fusion projects.Meanwhile, China National Fusion Energy was established in July 2025 in Shanghai, with the China National Nuclear Corporation as its largest shareholder. The company focuses on three main areas: fusion reactor design, development and verification of high-temperature superconducting magnets, and research and development of digital fusion reactors.* This article has been translated by AI. 2026-08-26 10:40:10


