Search results
5,639 results
-
Xi Jinping Sends Wang Huning to Meet Kim Jong Un in Dandong Kim Jong Un, the Chairman of North Koreas State Affairs Commission, made a surprise visit to Dandong, Liaoning Province, on October 24. While it was expected that Li Qiang, the Premier of the State Council of China, would greet Kim, he was actually welcomed by Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China and Chairman of the Chinese Peoples Political Consultative Conference. The decision by Chinese President Xi Jinping to send Wang to Dandong highlights the significance of this visit.It appears that Xi considered the agenda and diplomatic context of the visit before deciding not to attend personally. There has been speculation about a potential meeting between U.S. President Donald Trump and Kim at the upcoming Asia-Pacific Economic Cooperation (APEC) summit in November, but it remains uncertain whether this will lead to direct contact between the two leaders. If there were no significant agreements or breakthroughs anticipated regarding U.S.-North Korea negotiations, Xi likely saw little need to be directly involved.If Li Qiang had met with Kim in Dandong, the focus might have been on economic cooperation, such as the opening of the new Yalu River Bridge and the expansion of trade. As the second-highest-ranking official in the Communist Party, Li carries considerable political weight, but his role is primarily centered on government administration and economic policy.In contrast, Wang Huning is a figure with a strong political background. He has served in key positions within the Communist Party for over 30 years and is known as a theorist and political strategist. He has played a central role in shaping policies and ideologies under the leadership of Jiang Zemin, Hu Jintao, and Xi Jinping. Unlike Li, who oversees government administration, Wang emphasizes the political direction, ideology, and strategic significance of foreign relations. By utilizing Wang, China appears to be framing Kims visit not just as an economic cooperation event but as an opportunity to reaffirm the historical alliance and political trust between North Korea and China.During their meeting, Wang and Kim laid flowers at the Anti-American Aid Korea Memorial and visited the Anti-American Aid Korea Museum. This commemorative event, honoring Chinas participation in the Korean War, underscored the shared history and alliance between the two nations. Kim expressed gratitude to the Chinese Peoples Volunteer Army soldiers and highlighted that this year marks the 65th anniversary of the North Korea-China Friendship and Mutual Assistance Treaty.The economic cooperation message was also prominent. Wang accompanied Kim on a tour of an automobile factory in Dandong and bid farewell to him at the new Yalu River Bridge. Wang stated that the opening of the bridge would facilitate increased human exchanges and economic and trade cooperation. This indicates a dual focus on emphasizing political solidarity while also seeking to expand practical economic collaboration.Notably, during their discussions, Wang remarked, The two countries should strengthen strategic communication and cooperation to create a peaceful and stable external environment that safeguards our sovereignty, security, and development interests. This statement goes beyond mere trade expansion, suggesting a political message aimed at enhancing communication and cooperation regarding diplomatic and security environments.This visit did not result in a direct meeting between Xi and Kim to announce new strategic agreements. However, it was not merely a technical visit focused on economic cooperation either. Through Wang Huning, the historical continuity of the North Korea-China alliance was emphasized, alongside a focus on economic cooperation and strategic communication. The strategic closeness between North Korea and China continues to strengthen.* This article has been translated by AI. October 24, 2026 21 -
Kim Jong Un Visits China, Meets Wang Huning Instead of Premier Kim Jong Un, the Chairman of North Koreas State Affairs Commission, visited Dandong in Chinas Liaoning province on October 24, where he commemorated Chinese soldiers who fought in the Korean War alongside Wang Huning, a senior member of the Chinese Communist Party and Chairman of the Chinese Peoples Political Consultative Conference.According to Chinas Xinhua News Agency, Wang welcomed Kim at the Anti-American Aid Korea Memorial Hall in Dandong, where they participated in a flower-laying ceremony. The term Anti-American Aid Korea refers to Chinas involvement in the Korean War. During the event, the national anthems of both China and North Korea were played, and Kim observed a moment of silence in honor of the fallen Chinese soldiers. He also visited the memorial hall to examine artifacts and documents showcasing the battles fought by the Chinese military and the joint operations between the two countries. A historical photograph with a handwritten message was presented to the memorial, and a ribbon on the flower basket read, Let us forever remember the martyrs of the Chinese Peoples Volunteer Army.Kim requested Wang to convey his regards and best wishes to Chinese President Xi Jinping and expressed hopes for the successful convening of the fifth plenary session of the 20th Central Committee of the Communist Party of China. He stated, I visited Dandong to express deep gratitude and eternal respect for the Chinese soldiers who supported North Korea with their lives and blood during a crucial historical period. Kim also described Xis visit to North Korea in June as a historic event that demonstrated Chinas high interest in North Korea and marked a milestone in the development of bilateral relations.Kim noted that this year marks the 65th anniversary of the North Korea-China Friendship and Mutual Assistance Treaty, expressing gratitude for Chinas long-standing support for North Koreas socialist construction and emphasizing the bright prospects for cooperation between the two nations. He highlighted the importance of inheriting historical ties with China and expanding practical cooperation to enhance the welfare of both peoples.During their meeting, Wang conveyed Xis regards and best wishes to Kim. He remarked that Kims visit to Dandong on the 76th anniversary of the Chinese Peoples Volunteer Armys participation in the Korean War demonstrates the value both countries place on their blood ties. Wang emphasized the significance of inheriting traditional friendship, strengthening political trust, and seeking cooperative development.Wang stated, Through historic mutual visits by President Xi and Chairman Kim in September last year and June this year, we have achieved a series of major agreements that have ushered North Korea-China relations into a new historical era. He added that China and North Korea are advancing their shared socialist cause and should expand people-to-people exchanges and economic cooperation, particularly with the opening of the new bridge over the Yalu River, to provide greater benefits to their citizens. Wang also called for strengthening strategic communication and cooperation to create a peaceful and stable external environment that safeguards each countrys sovereignty, security, and development interests.In the afternoon, Kim visited an auto factory in Dandong with Wang, where he toured the production site and received explanations from officials. As Kim departed Dandong, Wang accompanied him to the new Yalu River Bridge. Wang Yi, a member of the Central Political Bureau of the Communist Party of China and Foreign Minister, also attended the related events. October 24, 2026 20
-
Former Interior Minister Choi Hyung-woo Passes Away, Political Tributes Pour In Choi Hyung-woo, a key political ally of former President Kim Young-sam and a prominent figure in the Sangdo-dong faction, passed away on October 24. His funeral home has seen a steady stream of condolences from politicians across the aisle, as his political journey, marked by a commitment to democracy during the harsh military regimes and his role in reform policies following the establishment of a civilian government, is being revisited.According to Yonhap News, Choi died at 3:30 a.m. at the Seoul National Veterans Hospital. He was 91 years old.Born in Ulsan in 1935, Choi entered politics as a student representative during the April 19 Revolution in 1960. He was elected to the National Assembly as a member of the New Democratic Party in 1971 and served six consecutive terms until the 15th National Assembly.Choi was subjected to torture for about three months after being taken by the National Security Command for criticizing the long-term rule of the Park Chung-hee regime. He faced further hardships after being detained shortly after the declaration of martial law by Chun Doo-hwans military government in 1980, which resulted in the loss of his parliamentary seat. He later became the secretary-general of the Democratic Movement Promotion Council in 1985, actively participating in the democracy movement.After the merger of three parties in 1990, Choi joined the Democratic Liberal Party, serving as the Minister of Interior under the Kim Young-sam administration after holding the position of Minister of Political Affairs and Secretary-General of the party. He was regarded as a key figure in the Sangdo-dong faction, often referred to as Left Dong-young, Right Hyung-woo alongside former Minister Kim Dong-young. Following his election in the 1996 general election, he was mentioned as a potential candidate for the next presidential election among the so-called Nine Dragons, but he suffered a stroke in 1997, leading to a prolonged battle with health issues.At the funeral home in Samsung Medical Center in Gangnam, Seoul, tributes from political figures continued to pour in. A wreath sent by President Lee Jae-myung was displayed alongside those from former National Assembly Speaker Jeong Ui-hwa, former Deputy Speaker Lee Seok-hyun, former Saenuri Party leader Kim Moo-sung, and former Democratic Party leader Son Hak-kyu. Seoul Mayor Oh Se-hoon, Minister of Planning and Budget Park Hong-keun, and People Power Party floor leader Jeong Jeom-sik also sent floral tributes to express their condolences.The funeral committee is chaired by Kwon No-gap, chairman of the Kim Dae-jung Foundation, along with Kim Deok-ryong, chairman of the Kim Young-sam Democratic Center, and Jeong Dae-cheol, chairman of the Korea Constitutional Society. The funeral will be conducted by the Korea Constitutional Society and the 4.19 Revolution Veterans Association, with Democratic Party leader Kim Min-seok and People Power Party leader Jang Dong-hyuk serving as co-chairs.Reflections on Chois commitment to the democracy movement and his unwavering loyalty to former President Kim Young-sam were shared at the funeral home.Jeong Dae-cheol recounted to Yonhap News an anecdote from 1978 when he and Choi met with Cardinal Kim Soo-hwan. At that time, Choi expressed confidence that the end of the Park Chung-hee regime was near, demonstrating his belief in democracy. Jeong remembered Choi as a “truly human person” who spoke his mind even to YS when he felt it was necessary.Chois son, Choi Je-wan, recalled that while his father was strict as a politician, he was warm-hearted towards his family. He shared that his father endured torture and house arrest under the Park and Chun regimes and learned during a medical examination in Germany after his stroke that his aorta had ruptured, which he believed was a consequence of the torture.The son also highlighted his fathers deep loyalty to Kim Young-sam, noting that even when he struggled to maintain his balance, he visited Kim every January 1 until the former presidents passing, demonstrating his commitment to their political bond.Independent lawmaker Han Dong-hoon, who has emphasized the legacy of the YS spirit, also visited the funeral home to pay his respects. He stated, “He devoted himself to protecting democracy during truly harsh times,” adding that without Choi Hyung-woo, South Koreas democracy would have been delayed.Chois funeral will be held over three days, with the burial scheduled for 8 a.m. on October 27 at the National 4.19 Democracy Cemetery.* This article has been translated by AI. October 24, 2026 19
-
Seongnam Mayor Shin Sang-jin Pledges Cooperation with Veterans Association Seongnam Mayor Shin Sang-jin indicated on October 23 that he will continue to communicate and cooperate with the Veterans Association, which plays a leading role in security and service. On that afternoon, Mayor Shin received the Top Honor from the Veterans Association in his office at City Hall. The Top Honor is awarded to individuals who have made significant contributions to national security and the development of the Veterans Association. Kwon Byeong-ho, president of the Seongnam Veterans Association, presented the certificate to Mayor Shin on behalf of the national president. Mayor Shin was recognized for his efforts to support the stable activities of the Veterans Association and to enhance security awareness in the community, as well as for promoting a spirit of patriotism. Mayor Shin is providing administrative support for seven projects, including a memorial event for the Cheonan sinking, a national flag distribution event, and a gathering to honor veterans, to ensure that the Seongnam Veterans Association, with its membership of 19,910, can continue its role as a local security organization. He is also pursuing policies to strengthen honors for veterans and to promote security awareness. In May, he relocated the Memorial Tower from a hilly area in the Taepyeong 4-dong district to the City Hall park and created a Veterans Path within the park. This initiative aims to honor the sacrifices and contributions of those who dedicated themselves to the nation and to remind citizens of the significance of honoring veterans in their daily lives. Mayor Shin expressed gratitude to the members of the Seongnam Veterans Association for their dedication to national security and the community, stating, I will continue to communicate and cooperate to ensure that the Veterans Association can actively engage in security and service activities. Looking ahead, Mayor Shin plans to focus on expanding security awareness and fostering a culture of honoring veterans through collaboration with local security organizations. October 24, 2026 13
-
Suspected North Korea-linked hackers target Korean banks, government SEOUL, October 24 (AJP) — A suspected North Korea-linked hacking operation is preparing cyberattacks against government agencies and financial institutions, including those in South Korea, by exploiting newly discovered weaknesses in software widely used to run websites. Singapore-based cybersecurity firm CYFIRMA said it detected Korean-speaking operators discussing targets and attack preparations on a closed anonymous network on Thursday. The firm said it was highly confident that an attack campaign was being prepared, but assessed only with moderate confidence that the operators were linked to North Korea's Lazarus Group. At the center of the threat are two serious security flaws collectively known as PHP2Shell. PHP is a programming language used behind the scenes by a large share of the world's websites. It handles tasks such as processing information sent through websites and communicating with servers and databases. The newly discovered flaws can, under certain conditions, allow an attacker to send a specially crafted request to a vulnerable website and make its server carry out commands without first logging in. That could give hackers a foothold to steal information, install malicious software or move deeper into a company's network. The flaws received a severity score of 9.2 out of 10, and emergency fixes were released on Oct. 21. CYFIRMA said the suspected attackers were no longer simply looking broadly for vulnerable websites but were sorting potential targets by country and industry. Government agencies, banks and other financial institutions were listed as the highest priorities, followed by manufacturers, logistics and shipping companies, airports, online transaction services, trading firms and construction companies. South Korea was among the countries singled out, along with the United States, Japan, Australia, Taiwan, India, Singapore, the United Arab Emirates, Saudi Arabia and several other markets. The operators had already prepared 15 pieces of online infrastructure to support the campaign and were expected to complete an initial list of selected targets by Sunday, Oct. 25, according to CYFIRMA. No specific date for an attack has been identified. The security firm also detected 17 internet addresses on Friday attempting techniques similar to those expected in attacks using the PHP flaws. It cautioned that those addresses have not been proven to belong to the same suspected North Korea-linked group. Artificial intelligence also appears to be playing a role in the preparations. CYFIRMA said the operators were collecting attack methods that had already been published by security researchers and using an AI model to decide which were most promising before testing them in a controlled environment. Rather than inventing an entirely new hacking method, the group appeared focused on quickly turning publicly available information about the new security flaws into a usable attack. The operators also discussed avoiding large-scale scans that could draw attention before their targets had been selected, the firm said. CYFIRMA said the campaign was significant because government and financial organizations appeared to be deliberately targeted, rather than becoming random victims of hackers searching the internet for any vulnerable server. Still, the firm stressed that the connection to Lazarus has not been proven. Its assessment is based on the use of Korean in the intercepted discussions, the choice of government and financial targets and similarities to methods previously associated with Lazarus. CYFIRMA said it had not found malware or online infrastructure that directly matched known Lazarus operations. The warning comes as South Korean companies and financial institutions are already on heightened alert after a separate wave of hacking incidents. Shinhan Bank, KB Kookmin Bank and Hana Bank were among financial firms that reported customer data leaks after attacks beginning in late September, while several other lenders detected and blocked intrusion attempts. U.S. cybersecurity firm CrowdStrike assessed with moderate confidence that those attacks were carried out by a financially motivated actor likely to be a Chinese speaker. AI-assisted hacking tools were also found to have been used during the attacks. There is no evidence connecting those incidents to the suspected North Korea-linked PHP campaign. But the emergence of a separate possible state-linked threat adds to cybersecurity concerns among Korean companies and public institutions already dealing with repeated attempts to break into their systems. South Korea raised its private-sector cyber crisis alert level from "Attention" to "Caution" this week after the PHP vulnerabilities became public. The Ministry of Science and ICT and the Korea Internet & Security Agency (KISA) have urged companies and institutions operating websites to install the latest PHP security updates immediately. Older versions that no longer receive official security updates should be replaced, while servers that cannot be updated promptly should be isolated or have outside access restricted, authorities said. The government has warned that the flaws could affect a large number of websites because PHP is so widely used. CYFIRMA similarly advised organizations in the industries and countries identified by the suspected attackers to update their systems immediately and check whether there have been signs of intrusion since Oct. 17. October 24, 2026 12 -
North Korean-linked Lazarus Group Prepares for Large-Scale Cyber Attacks A group suspected to be linked to North Koreas Lazarus Group is preparing for large-scale cyber attacks by exploiting a security vulnerability in the PHP programming language, which is widely used across global websites.According to cybersecurity firm CYFIRMA based in Singapore, discussions among Korean-language users on the anonymous network I2P regarding plans to exploit PHP vulnerabilities have been detected.These individuals are believed to have discussed reconnaissance and attack methods aimed at exploiting the recently discovered PHP2Shell vulnerability to target web servers worldwide.PHP2Shell is a security flaw that allows remote command execution on servers through manipulated web requests without requiring separate login or authentication. It has been classified as critical, receiving a score of 9.2 out of 10 on the Common Vulnerability Scoring System (CVSS).Government agencies and financial institutions, particularly banks, are among the primary targets. Other sectors mentioned include manufacturing, logistics, shipping, aviation, online trading platforms, and construction companies.Regionally, South Korea, the United States, Japan, Australia, Taiwan, India, Singapore, the United Arab Emirates (UAE), Saudi Arabia, and the European Union (EU) are prioritized for attacks.Evidence has also surfaced indicating the use of artificial intelligence (AI) in the attack preparations. CYFIRMA explained that attackers are collecting publicly available proof-of-concept (PoC) exploit codes, prioritizing them using their own AI model, and validating them in controlled environments before actual attacks.CYFIRMA has named this activity the June 2026 Minjun campaign and suggested a possible connection to North Koreas Lazarus Group. However, the reliability of the analysis regarding this connection has been assessed as medium.In the cybersecurity community, there is caution regarding definitively attributing the attacks to a North Korean organization. Concerns arise from the lack of direct evidence linking the attacks to North Korea, despite the use of Korean-language directives and the targeting of government and financial institutions, which resemble previous Lazarus tactics.Meanwhile, the PHP development team released an emergency security update addressing the vulnerability on October 21.* This article has been translated by AI. October 24, 2026 11
-
Japan Considers Including AI and Infrastructure in Defense Budget Amid U.S. Pressure The United States has demanded that Japan increase its defense spending to 3.5% of its gross domestic product (GDP), prompting the Japanese government to consider including artificial intelligence (AI), infrastructure, and development aid budgets in its defense expenditures.According to the Nihon Keizai Shimbun (Nikkei) on October 24, the cabinet of Sanae Takaichi is exploring options to expand the categories of government spending that can be counted as defense expenditures in response to U.S. demands.The Japanese government plans to revise its three security documents by the end of this year. Among these, the Defense Capability Development Plan will determine the total defense budget for the next five years starting in 2027, including the number of Self-Defense Forces equipment and necessary expenses.The existing Defense Capability Development Plan, established in 2022, allocated a total of 43 trillion yen (approximately $363 billion) for defense spending over five years. However, projections indicate that the next plan could significantly increase this amount to between 60 trillion and 80 trillion yen (approximately $506 billion to $675 billion).The challenge is that even with this increase, it may still fall short of meeting the U.S. requirement of 3.5% of GDP. To align with U.S. expectations, Japans annual defense spending would need to reach about 20 trillion yen.In response, the Japanese government is considering including expenditures related to economic security, such as energy, government development aid (ODA), and AI investments that contribute to security in its defense budget.However, the Japanese government remains cautious about explicitly stating the 3.5% of GDP figure in its defense budget plans. The Nikkei reported that while the government is mindful of U.S. demands, it intends to calculate defense spending by aggregating necessary expenses individually.The rising defense budget is also raising concerns about fiscal burdens. The Tokyo Shimbun reported that fixed costs, including repayments for previously signed arms purchase contracts and personnel expenses, are already expected to reach 30 trillion yen (approximately $253 billion) over the next five years starting in 2027.Additionally, there are concerns that the Japanese governments plan to temporarily reduce the consumption tax on food starting next year could further increase fiscal pressure. However, the Takaichi cabinet has yet to present specific funding measures needed for both the defense budget increase and tax cuts.Reducing energy subsidies is also under consideration. The Takaichi government and the ruling party are exploring a gradual reduction of subsidies provided to oil companies to maintain gasoline retail prices at around 170 yen (approximately $1.43) per liter following the Middle East crisis. The aim is to adjust gasoline prices to about 180 yen (approximately $1.52) per liter. As the prolonged Middle East crisis reduces the funding for energy subsidies, the combination of expanding defense spending and tax cuts is expected to further strain the Japanese governments fiscal management.* This article has been translated by AI. October 24, 2026 10
-
Japan Considers Including AI and Infrastructure in Defense Budget Amid U.S. Pressure The United States has demanded that Japan increase its defense spending to 3.5% of its gross domestic product (GDP), prompting the Japanese government to consider including artificial intelligence (AI), infrastructure, and development aid budgets in its defense expenditures.According to the Nihon Keizai Shimbun (Nikkei) on October 24, the cabinet led by Sanae Takaichi has begun reviewing options to expand the categories of government spending that can be counted as defense expenditures in response to U.S. demands.The Japanese government plans to revise its three security documents by the end of this year. Among these, the Defense Capability Maintenance Plan will outline the quantity of equipment the Self-Defense Forces will possess and the necessary expenses, determining the total defense budget for the five years starting in 2027.The existing Defense Capability Maintenance Plan, established in 2022, allocated a total of 43 trillion yen (approximately $363 billion) for defense spending over five years. However, projections indicate that the next plan could significantly increase this amount to between 60 trillion and 80 trillion yen (approximately $506 billion to $675 billion).The challenge is that even with such increases, it may still be difficult to meet the U.S. requirement of 3.5% of GDP. To align with this demand, Japans annual defense spending would need to reach about 20 trillion yen.In response, the Japanese government is considering including expenditures related to economic security, such as energy, government development aid (ODA), and AI investments that contribute to security in its defense budget.However, the Japanese government remains cautious about explicitly stating the 3.5% of GDP figure in its defense budget plans. The Nikkei reported that while the government is mindful of U.S. demands, it intends to calculate defense spending by aggregating necessary expenses individually.The financial burden resulting from the surge in defense spending has also emerged as a significant issue. The Tokyo Shimbun reported that from 2027, fixed costs, including repayments for previously signed arms purchase contracts and personnel expenses, are expected to reach 30 trillion yen (approximately $253 billion).Additionally, concerns are growing that the Japanese government’s plan to temporarily reduce the consumption tax on food products starting next year could further increase fiscal pressure. However, the Takaichi cabinet has yet to present specific funding measures needed for both the increase in defense spending and tax cuts.Reducing energy subsidies is also under consideration. The Takaichi government and the ruling party are reviewing plans to gradually decrease subsidies provided to oil companies to maintain gasoline retail prices at around 170 yen (approximately $1.43) per liter. This aims to adjust gasoline prices to about 180 yen (approximately $1.52) per liter. As the prolonged Middle East crisis reduces the funding for energy subsidies, the combination of increased defense spending and tax cuts is expected to further strain the Japanese governments fiscal management.* This article has been translated by AI. October 24, 2026 10
-
Oil jumps to nearly 6-month high, reviving Korea's inflation risks SEOUL, October 24 (AJP) — Global oil prices surged to nearly six-month highs Friday as attacks on Saudi Arabia and mounting shipping risks around the Gulf deepened supply fears, adding fresh pressure to South Korea's inflation outlook. Brent crude futures settled at $116.72 a barrel, up $3.55, or 3.14 percent, their highest close since April 29. U.S. West Texas Intermediate crude rose $3.80, or 3.8 percent, to $103.27 a barrel. Brent gained 6 percent for the week, while WTI advanced 2.3 percent. The rally followed a series of attacks by Yemen's Iran-aligned Houthis across Saudi Arabia, including energy infrastructure, as fighting intensified between the group and a Saudi-led coalition. Saudi Aramco ordered staff to evacuate its headquarters in Dhahran on Thursday amid the escalation. Supply concerns were compounded by an oil spill detected from a tanker off the coast of Umm Al Quwain in the United Arab Emirates, while attacks and other security incidents involving commercial vessels have intensified around the Strait of Hormuz and nearby waterways. The renewed surge in energy prices spilled into U.S. financial markets, where the S&P 500 energy sector climbed 2.5 percent to a record high on Friday. Broader Wall Street indexes ended lower, with the Dow Jones Industrial Average falling 1.23 percent, the S&P 500 losing 0.52 percent and the Nasdaq Composite slipping 0.21 percent. The benchmark U.S. 10-year Treasury yield rose 3.7 basis points to 4.99 percent as persistent inflation concerns offset some of the safe-haven demand that had driven yields sharply lower a day earlier. The latest increase in crude prices comes as major economies are already grappling with renewed energy-driven inflation pressures. The U.S. Department of Energy on Friday authorized an emergency exchange of up to 400,000 barrels of crude from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana. Germany's oil stockpiling agency has also moved to sell crude and refined products from strategic reserves, while production at two Libyan oilfields was reduced after a pipeline valve leading to the Zawiya export terminal was shut. For South Korea, which depends heavily on imported energy, the latest oil surge adds to price pressures that were already building before Friday's rally. Won-denominated import prices rose 1.7 percent in September from August and 17.6 percent from a year earlier, according to the Bank of Korea (BOK), as a sharp increase in crude prices outweighed the impact of a stronger won. Dubai crude averaged $113.71 a barrel in September, up 28.1 percent from $88.75 in August. Consumer inflation stood at 2.9 percent in September, while core inflation excluding food and energy was 2.8 percent. The BOK on Thursday kept the base rate unchanged at 3.00 percent after two consecutive increases in July and August, but said inflation was likely to remain above its 2 percent target for a considerable period. The central bank expects this year's headline inflation to remain broadly in line with its August forecast of 2.7 percent, while next year's rate is now expected to exceed the previous 2.3 percent projection. It identified global oil prices and the exchange rate among the main uncertainties surrounding the inflation outlook. Governor Shin Hyun-song said after Thursday's rate decision that the pass-through of cost pressures from rebounding oil prices was strengthening even as the won appreciated. The Monetary Policy Board said it would determine the timing and pace of any further rate increases after assessing inflation, growth and financial stability. The next rate decision is scheduled for Nov. 26, when the BOK will also release updated economic forecasts. October 24, 2026 09 -
Gunfire Erupts in West Bank Days Before Israeli Elections On October 27, just four days before Israels elections, gunfire erupted in the southern West Bank. According to Yonhap News Agency, two Palestinian men opened fire early on the morning of October 23 at a temporary checkpoint near the Jewish settlement of Hebron. Israeli forces responded to the scene and, after approximately 20 minutes of gunfire, killed both suspects. Local emergency services reported that five people were injured in the shooting, including two men in their twenties who were critically wounded by gunfire to the lower body. This incident occurred just days before the Israeli elections. Prime Minister Benjamin Netanyahu ordered the cancellation of campaign events for his right-wing Likud party. He subsequently convened an emergency meeting with Israeli security officials, directing immediate control measures in Hebron and preparations for a complete lockdown across the West Bank. As a result, the West Bank and Gaza Strip will be under lockdown for two days, on October 26 and 27, the day before and the day of the elections.* This article has been translated by AI. October 23, 2026 19
-
Minister Hwang Jong-woo: Support Measures for Fisheries Amid CPTPP Membership Efforts Hwang Jong-woo, Minister of Oceans and Fisheries, announced that the government is preparing specific support measures to address potential damages to the fishing industry resulting from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) membership. He stated that existing support programs for fishermen, such as tax-exempt fuel for fishing vessels and fisheries management stabilization funds, will continue after joining the CPTPP.During a comprehensive audit by the National Assemblys Agriculture, Food, and Rural Affairs Committee on October 23, Minister Hwang responded to a question from Lee Yang-soo, a member of the ruling People Power Party, regarding compensation measures for fishermen affected by CPTPP membership, saying, We are currently preparing them.Lee emphasized that before pursuing CPTPP membership, the government should present concrete measures that the fishing industry can accept. He pointed out that the Ministry of Trade, Industry and Energy has shown a strong commitment to joining the CPTPP, and thus the Ministry of Oceans and Fisheries should not only focus on persuading fishermen but also develop substantial support measures at the government level.Previously, Kim Jeong-kwan, Minister of Trade, Industry and Energy, expressed his intention to promote CPTPP membership during a comprehensive audit of the National Assemblys Industry, Trade, and Small and Medium Enterprises Committee.Lee also noted that there is a lack of trust among fishermen regarding the governments promises of support during previous free trade agreement (FTA) negotiations, as adequate measures have not been implemented on the ground. He stressed the need to present practical compensation plans before attempting to persuade fishermen about the market opening associated with CPTPP membership.In response, Minister Hwang stated that relevant measures are being developed and that he will explain the governments support plans at a meeting next week aimed at fishermen regarding CPTPP-related matters.The continuation of existing support programs for fishermen was also a key issue during the audit. Lee focused on whether support for tax-exempt fuel, fisheries management stabilization funds, and fishing vessel modernization grants might be reduced or restricted after joining the CPTPP.Minister Hwang assured that these programs could continue, clarifying that existing support measures would not be immediately halted or reduced due to CPTPP membership. Lee urged the government to ensure that existing support remains intact, given the significant concerns among fishermen about potential reductions.The issue of damages to the fishing industry resulting from CPTPP membership was also a topic of controversy during a National Assembly audit of the Ministry of Oceans and Fisheries on October 12. At that time, concerns were raised that the governments estimated damage to the fishing industry, amounting to 81.7 billion won, did not adequately account for indirect damages from increased imports. Minister Hwang indicated that additional analysis of indirect damages is underway.The CPTPP is a multilateral free trade agreement involving countries in the Asia-Pacific region, with the potential for expanded market access for seafood raising concerns about possible damages to domestic fisheries. As the governments push for membership intensifies, discussions regarding damage assessments, compensation plans, and the maintenance of existing support programs for the fishing industry are expected to continue.Additionally, the audit addressed the consolidation of four port authorities: Busan, Incheon, Ulsan, and Yeosu-Gwangyang. Minister Hwang stated that the government would review the integration of these authorities under the provisional name Korea Port Authority in a manner that does not undermine port competitiveness. This initiative is part of the governments plan announced in September to reform the functions of public institutions, which includes merging the four port authorities and consolidating port security and management agencies under the proposed Korea Port Security Facility Corporation.* This article has been translated by AI. October 23, 2026 17
-
Critical PHP Vulnerability Raises Security Concerns for Businesses Security concerns have escalated among domestic companies following the disclosure of a critical vulnerability in the PHP programming language. This flaw, stemming from the PHP engine itself, raises fears that businesses may struggle to verify breaches and apply necessary security patches.Experts in the security industry have noted that typical application logs make it difficult to trace attack footprints, and companies using outdated PHP versions may need to modify their operating systems or existing programs during the patching process.According to security firms, the two recently disclosed PHP vulnerabilities have been rated 9.2 on the Common Vulnerability Scoring System (CVSS), categorizing them as Critical. These include a flaw related to improper exception handling and a vulnerability that allows the use of freed memory.PHP is widely used for developing various web services, including websites, online shopping platforms, and forums. According to Wiz, a security company, approximately 70% of websites globally utilize PHP. Popular platforms in South Korea, such as WordPress and Gnuboard, also operate on PHP.The vulnerabilities are particularly concerning because they originate from the PHP engine itself, rather than specific security settings of individual websites or applications. Attackers can execute malicious code remotely under certain conditions without requiring a separate login or user interaction.A representative from a security firm stated, No matter how securely an application is developed, if it operates on a vulnerable version of PHP, it can still be affected. Even if server takeover does not occur, memory leaks could expose critical information such as database passwords and API keys.The security industry is advising companies to check the PHP versions used on their websites and servers, and to apply security patches while also assessing potential breaches.The difficulty in determining whether a breach has occurred adds to the burden on companies. The vulnerabilities arise from the PHP engine, which operates at a lower level than web applications, making it challenging to identify attack traces using standard application logs.SGA Solutions has issued an Emergency Security Advisory and Response Guide regarding PHP2Shell, outlining key indicators for assessing potential breaches. Key areas to monitor include unusually long or corrupted PHP session cookies (PHPSESSID), repeated HTTP 500 errors, and frequent restarts of PHP worker processes. Even if no abnormal signs are detected, the possibility of a breach cannot be ruled out, necessitating a comprehensive analysis of web server and web application firewall (WAF) request and response logs, as well as PHP error logs.Challenges are also anticipated in applying security patches. Security updates have been provided for PHP versions 8.2 and above, but companies using PHP versions 8.1 and below, which are no longer officially supported, must apply separate source patches or upgrade to higher versions. Older web services may require modifications to their operating systems or existing application code due to changes in PHP versions.A representative from another security firm remarked, For services established a long time ago, upgrades to the operating system, changes to the PHP version, and modifications to existing code may all be necessary. The patching process is expected to be complex.Security experts are recommending temporary security measures, such as restricting external access and strengthening WAF settings, for companies that find immediate patching challenging. However, they emphasize that temporary measures alone cannot fully resolve the vulnerabilities, and companies should secure a timeline for updates while also checking for signs of breaches, such as the installation of web shells (PHP files).Industry sources indicate that the vulnerabilities were discovered by a security researcher using artificial intelligence (AI). This highlights the need for companies to respond swiftly to security checks and patch applications as AI becomes increasingly utilized in vulnerability detection.Professor Yeom Heung-yeol from Soonchunhyang University stated, The recent PHP vulnerability was identified by a security researcher using AI, demonstrating that we are entering an era where AI can detect security vulnerabilities. Both public institutions and private companies must quickly assess whether their systems and websites are affected by this vulnerability.Professor Yeom further emphasized the importance of confirming the feasibility of applying security patches and taking necessary actions. October 23, 2026 15
-
Korea and Japan Business Leaders Unite to Support Korea's CPTPP Membership Korean and Japanese business leaders have agreed to work together to support South Koreas accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). They also plan to enhance cooperation in advanced industries such as artificial intelligence (AI) and semiconductors, while stabilizing supply chains for critical minerals.The Korea Economic Association (KEA) held the 33rd Korea-Japan Business Conference on October 23 at the FKI Tower in Yeouido, Seoul, where this joint statement was made. Key figures from both countries, including KEA Chairman Ryu Jin and Keidanren Chairman Yoshinobu Tsutsui, attended the meeting.During the conference, both sides acknowledged the necessity of South Koreas CPTPP membership and committed to ongoing efforts to realize this goal. They expressed optimism that South Koreas accession would enhance trade, investment, and market access for businesses in both countries.They also agreed to collaborate in maintaining a free and open international economic order based on World Trade Organization (WTO) agreements, free trade agreements (FTAs), and economic partnership agreements (EPAs).Regarding the review of the United States-Mexico-Canada Agreement (USMCA), they stated, We will convey our joint opinions to the parties involved to ensure the stability and transparency of the agreement.Furthermore, they decided to expand cooperation in industries where both countries have strengths, such as AI, semiconductors, space, and biotechnology, to promote investment and talent exchange between companies and to collaborate on establishing international standards in emerging industries.Energy security and securing supply chains for critical minerals were also major topics of discussion. Both sides agreed to cooperate in expanding the supply and utilization of hydrogen and ammonia, establishing institutional frameworks for certification and standards, and exploring joint responses to liquefied natural gas (LNG) supply situations.They discussed the potential for cooperation to ensure stable supplies of crude oil and petroleum products and to respond in emergencies. They plan to diversify critical mineral supply chains and seek joint market opportunities in third countries using Japans proposed Asia Energy and Resource Supply Resilience Partnership (POWERR Asia).Additionally, they agreed to jointly address issues related to low birth rates, aging populations, and regional economic revitalization. They aim to enhance exchanges between regions by utilizing transportation networks such as local airports and ports and to discover new business opportunities in tourism and startups.The KEA and Keidanren will strengthen their roles as cooperation platforms to support mutual investment and exchanges between businesses in both countries. The next Korea-Japan Business Conference is scheduled to be held in Tokyo, Japan, in 2027.In his opening remarks, Chairman Ryu emphasized the need to combine the strengths of both countries to address common challenges and explore new industries and markets.* This article has been translated by AI. October 23, 2026 15
-
Cho Hyun-min of Hanjin Begins Role as Chair of Korea Security Industry Association Cho Hyun-min, president of Hanjin, has embarked on her first official role as the inaugural chair of the Korea Security Industry Association. She emphasized the associations role in connecting public security with private technology.Hanjin announced that Cho presided over the associations general meeting on October 21 at the Incheon Songdo Convensia and attended the 2026 International Security Industry Exhibition (KPEX). During the meeting, she urged, The association must serve as a strong bridge connecting public security and private innovative technologies, becoming the focal point for the future advancement of the security industry.Following the meeting, Cho attended the opening ceremony of the International Security Industry Exhibition and toured key booths to examine advanced security technologies and the current state of the industry.In her inaugural speech at the founding meeting in September, Cho highlighted the need for synergy between field capabilities and advanced technologies. She outlined a vision for creating an industrial ecosystem encompassing research and development of security technologies, professional workforce training, institutional support, and international expansion.The Korea Security Industry Association is operating a promotional booth at this years International Security Industry Exhibition to raise awareness of its role and attract new members.The association plans to establish a collaborative framework connecting police, businesses, universities, and research institutions to facilitate the introduction of advanced technologies such as artificial intelligence (AI), robotics, and intelligent closed-circuit television (CCTV) into security operations. Additionally, it aims to discover and nurture domestic security companies while supporting technology validation, commercialization, and international expansion.Meanwhile, Hanjin is enhancing its smart logistics competitiveness based on AI and big data, with plans to improve logistics operational efficiency using new technologies such as physical AI in the future.* This article has been translated by AI. October 23, 2026 14
-
Government Urged to Address Security Issues in Frontier AI and PHP Vulnerabilities The Ministry of Science and ICT is accelerating the development of Frontier Artificial Intelligence (AI) and the establishment of large-scale AI data centers (AIDC). However, lawmakers are calling for increased transparency in project management, budget oversight, and cybersecurity measures.In particular, the ministry announced plans to develop a comprehensive inter-agency strategy in response to two recently disclosed security vulnerabilities in the PHP programming language.On October 23, a comprehensive audit of the Ministry of Science and ICT was conducted by the National Assemblys Science, Technology, Information, Broadcasting and Communications Committee. Key issues discussed included the planning and investment methods for the Frontier AI project, as well as government responses to the PHP security vulnerabilities.During the audit, Representative Park Jeong-ha of the ruling People Power Party emphasized the need for transparency in the planning and budgeting of the Frontier AI model development, given the substantial government and private funding involved. He also raised concerns about the potential for concentrated support for specific companies and questioned the methods for attracting private investment.Deputy Prime Minister and Minister of Science and ICT Lee Kyung-hoon explained that the ministry had considered assigning the development of the Frontier model to the final selected companies of the Independent AI Foundation (IAF). However, due to concerns about concentrated support, the structure was changed. He noted that the previous support of around 1,000 graphics processing units (GPUs) has now increased to over 10,000, which could lead to controversy over favoritism.Regarding the change to an investment model, Deputy Prime Minister Lee stated that the establishment of a special purpose corporation (SPC) has not yet been confirmed and is still under discussion.He also indicated that the IAF and the Frontier AI project would be pursued in conjunction, as the development of the Frontier AI model requires additional resources, personnel, and data beyond what the IAF project provides. Lee emphasized the intention to continue the public and industrial AI transformation initiated by the IAF while striving for higher-level models.Discussions also addressed the need for power and tax incentives to expand AIDC investments. Representative Kim Nam-kook of the Democratic Party pointed out that to realize the plan for an 8.4-gigawatt (GW) AIDC by 2029, uncertainties regarding power supply and permits must be resolved.In response, Deputy Prime Minister Lee noted that while the ministry has proposed a maximum exemption limit of 100 megawatts (MW), companies are requesting a higher level of support and that he would consult with relevant ministries.The lack of tax incentives for rental AIDC projects was also raised. Concerns were expressed that excluding colocated investments, which provide power and cooling by specialized infrastructure companies, from tax deductions could hinder attracting foreign capital. Deputy Prime Minister Lee acknowledged that rental AIDCs do not have tax benefits and promised to consult with the finance authorities promptly.As AI investments increase, there were calls for accurate budget classifications. Representative Lee Yeon-hee of the Democratic Party highlighted that instances of AI washing—exaggerating the use of AI in national research and development (R&D) projects—are occurring.Deputy Prime Minister Lee acknowledged that some projects may appear not to involve AI and stated that the ministry would verify this with the Intellectual Property Office.Cybersecurity responses were also scrutinized. Lawmakers from both parties stressed the need to quickly identify vulnerable systems and the status of patches, beyond just issuing security notices and alerts regarding the PHP vulnerabilities.Following the confirmation of the vulnerabilities, the Ministry of Science and ICT issued a security notice and raised the cyber crisis alert level from attention to caution the next day. However, Lee Sang-jung, head of the Korea Internet & Security Agency (KISA), stated that the number of public institutions using vulnerable PHP versions and the status of patches have not yet been determined.Deputy Prime Minister Lee also stated that a comprehensive inter-agency strategy regarding cybersecurity would be developed.* This article has been translated by AI. October 23, 2026 14