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South Korean business newspaper whose English edition covers finance, markets and technology.
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Australia cut refining capacity 6.9% a year over a decade as China added 2.3% a year, Energy Institute data show. China's renewed fuel export ban now falls on importers that shut their own plants, just as two wars squeeze diesel and jet fuel supply.
Reality
Lawmakers from South Korea's two main parties have filed bills cutting the owner consent needed to form a redevelopment association from 75% to 70%. Past that early stage, Democrats push approval deadlines while the People Power Party pushes density and lighter developer obligations.
Reality
South Korea's defense ministry plans to shrink the active-duty force to about 350,000 by 2040 while raising officers and NCOs to 63% of it. That design rests on hiring and keeping about 28,500 more career personnel than the military has today.
Reality
South Korea's Shine Muscat grapes retail for 11,791 won a 2kg box, less than the 15,638 won for ordinary Campbell Early. After two years of cuts, 79% more of the variety is still planted than in 2020, so growers are adding sweetness rules for what they ship.
Reality
Korea's parliamentary finance committee says the planned Future Response Fund would let the government fill tax shortfalls without a supplementary budget. Its review says the Assembly would lose its vote before the money moves and get a report after it.
Reality
Australia's tobacco excise take has more than halved from its A$16bn peak in 2020 as illicit product took about 55% of the market. With the Treasury forecasting about A$2bn by 2030, the government's case for keeping prices high now rests on health results alone.
Reality
Korea's Serious Crimes Investigation Agency took over the prosecution's direct investigative powers with 1,962 of 2,874 posts filled and about 100 prosecutors. Its recruitment drives target police officers, many of whom weighed the move and have since backed off.
Reality
Lee So-young, Korea's SME minister, wants the digital Onnuri voucher discount set above the 5% her ministry proposed as a cut from today's 7%. The draft budget assumes 5%, so any extra point needs money the National Assembly would have to add in its review.
Reality
Tenminds will launch its SmartThings-certified AI Sleepbot pillow in Korea, where sleep trackers are forecast to be a $1.52 billion market by 2030. New Coway and Ceragem products stay inside the bed. For now the link to the smart home rests on a single pillow.
Reality
Four of five Korean 'patriotic' funds reviewed by Seoul Economic Daily returned 105% to 147% over the past year. Returns that close across governance, chip-growth and industrial-policy mandates point to a lift across the whole market more than to any one strategy.
Reality
Data from South Korea's game rating committee show 24 staff, seven of them fixed-term, supporting crackdowns on about 11,000 illegal game venues. Each staffer covers about 458 venues, and Rep. Lim O-kyeong, who released the data, wants more on-site specialists and a follow-up system for repeat violators.
Reality
South Koreans sent $210.3 million abroad to buy property in the first four months of 2026, nearly 35% of 2025's five-year-high total of $590.5 million. The pace points to a record year, and a Korean tax rule that ignores foreign homes explains it at least as well as the stronger won does.
Reality
Ulsan's randomly drawn jury of 99 residents recommended scrapping 20 of the 84 events that each get at least 100 million won in city money. That puts at least 2 billion won into reviews that decide what the 2027 budget actually cuts.
Reality
South Korea's arms makers still face a 50% Pentagon bid penalty despite Seoul's $350 billion US pledge, in a $340 billion market where they hold 0.3%. The investment can support Korean production in America, but without a reciprocal procurement pact little of the benefit reaches the smaller Korean suppliers behind it.
Reality
China has suspended refined fuel exports with its refiners at about 75% of capacity and US plants at 97%. Any extra diesel now depends on Beijing, while Washington weighs an export ban that would push higher prices onto other importers.
Reality
Statistics Korea says relative poverty among South Koreans aged 66 and over fell 2.1 points to 37.7% in 2024, still the OECD's highest. Part of the gain comes from government-created jobs for older people, so further declines depend on that spending continuing.
Reality
Seoul apartments averaged 13.98 million won per square meter in 2025, five times the provincial average, a National Assembly Futures Institute report found. The report calls for policy set region by region: Seoul is short of new supply, while the provinces hold a growing pile of unsold homes, more than half of them already built.
Reality
South Korea closes its prosecution service on October 2 and widens the role of a 140,000-strong police force run by its third acting chief since December 2024. Its new checks are reviews by its own officers; the National Police Commission's control powers are still unbuilt.
Reality
Gangnam's smallest flats are hitting records, with a 27-square-meter Jamsil unit selling for 1.95 billion won on Sept. 28. Mortgage limits and heavier taxes on expensive homes have slowed wider trading and sent buyers on tight budgets to the cheapest way into the district.
Reality
Seoul prosecutors charged six petrochemical makers and 37 staff over a cartel covering 16.4 trillion won of sales from January 2021 to April 2026. What downstream buyers, chipmakers among them, overpaid is a smaller sum the case has yet to quantify.
Reality
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