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News Preview: Stock Plunge, Presidential Legal Issues, and Party Politics on July 28

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • The article is a preview of the "News Dive" program, highlighting key news topics for July 28.
  • Topics include stock market plunges, bilateral cooperation between South Korea and Brazil, a court ruling on election law violations against President Yoon Suk Yeol, and potential political party disciplinary actions.
  • Other discussed issues involve presidential savings, legislative actions by the Democratic Party, and internal party dynamics within the opposition.

This article serves as a preview for the "News Dive" program airing on July 28, outlining the significant news stories to be discussed. The program will delve into the recent sharp declines in the KOSPI and KOSDAQ stock markets, described as a 'Black Tuesday.' It will also cover the strengthening supply chain cooperation between South Korea and Brazil, focusing on the 'born from working-class backgrounds' experience of both nations' presidents. A key legal development to be examined is the first-instance guilty verdict against President Yoon Suk Yeol for election law violations, specifically related to his remarks about lawyers and medical check-ups. The program will also address the implications of consecutive 'election nullification' rulings for the People Power Party, questioning whether the party will return 39.7 billion won. Further topics include the significant amount of money President Yoon allegedly accumulated in his deposit account during his first year in office, which is reportedly six times his annual salary. The disciplinary actions initiated by the People Power Party against figures like Kwon Young-jin, Cho Kyeong-tae, and Jin Jong-oh will also be discussed, alongside potential internal party discussions regarding Jang Dong-hyuk's position. The article also touches upon the presidential office distancing itself from Minister Jeong Seong-ho's resignation announcement. Additionally, the program will cover the Democratic Party's plan to process a revised criminal procedure law in a plenary session on July 30, the start of voting for the Democratic Party's leadership election among rights-holding members, and the focus on the Chungcheong region's political sentiment. The political landscape of the Cho Kuk Innovation Party, with leader Cho Kuk rejecting a "hostile merger" with the Democratic Party, will be explored. Finally, the preview mentions the ongoing comprehensive special prosecutor investigation into the alleged cover-up of Kim Keon-hee's investigation, including additional searches and seizures at the Ministry of Justice and the Supreme Prosecutors' Office, as well as police seeking an arrest warrant for a former People Power Party city council member on charges of soliciting prostitution from a minor.

DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.