AGP Executive Report
Last update: 6 hours agoCriminal Justice Overhaul: South Korea’s National Assembly passed a revision to the Criminal Procedure Act that strips prosecutors of supplementary investigative powers, reshaping investigations under a new system and triggering political fallout including calls for a veto and legal challenges. Presidential Residence Probe: A special counsel team questioned opposition lawmaker Yoon Han-hong over alleged favoritism tied to the relocation of the presidential residence and contractor selection. North Korea Diplomacy: Indonesia’s Prabowo said President Lee asked him to visit North Korea to open dialogue, with Seoul viewing third countries as potential bridges for peace on the peninsula. Korean Peninsula Security: Seoul is reviewing options to help stabilize the Strait of Hormuz amid broader regional tensions. Trade and Industry: South Korea’s July exports jumped 62.8% year-on-year to $98.89B, led by a semiconductor surge; officials also reported a record run of chip-driven demand. Crypto Policy: South Korea’s crypto market saw trading volume plunge in H1, while the government moves ahead with a 22% crypto gains tax starting Jan. 2027. Foreign Relations/Resources: President Lee and Argentina’s Milei agreed to deepen critical minerals cooperation, following a similar deal with Chile.
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