Latest news summaries
Our reports deliver concise updates on current events, providing objective insights into the day’s most important stories.

Latest news summaries
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Trump makes extraordinary promise to give every American adult $5,000 but on strict condition
Sign up HERE for the DC Insider Newsletter- our guide to what’s rocking Washington, rattling the White House and setting tongues wagging on the Hill President Donald Trump promised to give every American adult a $5,000…
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Ministerial nominees scrutinized for non-resident, debt-fueled real estate
Five out of six nominees for ministerial positions in the Lee Jae Myung government’s second-term cabinet have been found to have increased their assets through real estate investments, including “non-resident single-home ownership” and “all-out…
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Won’s appreciation strains corporate earnings, fund management
The South Korean won’s value against the U.S. dollar has risen by over 200 Korean won in about two months, increasing financial pressure on companies’ earnings and fund management. Export firms see reduced won-denominated…
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DBS rejects S$1.3b 1MDB-linked claim and vows to vigorously resist
DBS said that it sees no provisions needed at this point in time. DBS said that it “categorically rejects” an estimated $1.03b (S$1.298b) claim related to the 1Malaysia Development Board (1MDB). “DBS has consulted…
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South Korean firms post 16.9% record profit margin
Driven by a semiconductor boom, domestic companies’ sales surged 27% in Q2, April-June, of this year compared to the same period a year ago, with an operating profit margin of 16.9%. Both figures set…
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POSCO union demands 80% of profit, breaking 58-year strike tradition
On the 9th, the area in front of the control room at the acid-washing factory of the Jeonnam-Gwangju Gwangyang Steelworks was crowded with employees dispatched by the company throughout the day. The acid-washing factory…
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Busan promotes 2028 design capital vision in Taiwan
Busan, selected as the ‘2028 World Design Capital (WDC)’, will promote the city’s design policies and urban appeal in Taiwan. The Busan Metropolitan Government announced on the 10th that it will operate the ‘WDC…
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Basic Income Party denies 2018 gender discrimination links
Oh Jun-ho, the representative of the Basic Income Party, to which Minister of Gender Equality and Family nominee Yong Hye-in belongs, stated on the 10th regarding allegations of severe gender discrimination in a past…
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Exclusive: Seoul National University committee shortlists four presidential candidates
The Seoul National University Presidential Recommendation Committee, responsible for selecting the 29th president of the university, narrowed down four preliminary candidates on September 9: Kang Jun-ho, professor in the Department of Physical Education at…


