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Daily briefing · 2026-09-13 (Sun)

Lee Jae-myung's approval rating 38%, lowest since taking office Bond yields 4%·Oil $100·Won 3-way economic shock

Lee Jae-myung's approval rating 38%, lowest since taking office; bond yields 4%·oil $100 3-way economic shock; admissions server down, Education Ministry announces relief measures; KBO surpasses 11 million spectators in record time

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Today's must-read · 7 stories

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Korea faces 4% bond yields·$100 oil·KOSPI plunge, 3-way economic shock

Korea's 3-year bond yield reached 4.014%, surpassing 4% for the first time in approximately 3 years since November 2023 and marking the year's high. As Houthis take control of the Red Sea, Brent crude surpassed $100 per barrel, and KOSPI closed at 6,909.91, falling below 7,000. Some 19 trillion won flowed out of MMFs into the stock market.

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President Lee Jae-myung's approval rating 38%, lowest since taking office; negative approval 51% for third consecutive week

In Gallup Korea's regular poll conducted September 8-10, President Lee Jae-myung's job approval rating hit 38%, the lowest since taking office. Disapproval rating was 51%, exceeding 50% for the third consecutive week. The Blue House said it is reviewing holding a press conference next week in response to the declining approval rating.

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Houthis take control of Bab al-Mandeb Strait...oil surpasses $100 per barrel·US diesel at $6

Yemen's Houthi militants completed control of the Bab al-Mandeb Strait by occupying Perim Island, a strategic location. Iran's proxy forces now effectively control both the Hormuz and Bab al-Mandeb straits, and as Saudi oil exports plunged, international oil prices surpassed $100 per barrel, and US diesel prices exceeded $6 per gallon.

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Regular admissions server down·fairness concerns...Education Ministry announces relief for affected test-takers on 13th

The Univ.AI admissions server went down just before the September 11 deadline, extending it by one hour. Concerns over fairness arose as some test-takers gained additional application opportunities after checking competition rates. The Education Ministry said on the 12th that it would officially announce relief procedures for affected test-takers with the Korean Council for University Education on September 13.

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LH formally holds startup meeting for division into Housing Urban Development Corporation and Housing Urban Asset Corporation

The Ministry of Land, Infrastructure and Transport officially formalized the structural reorganization by holding a startup meeting to divide LH into two corporations: the 'Housing Urban Development Corporation' handling site development and construction, and the 'Housing Urban Asset Corporation' handling residential welfare and asset management. The LH union maintains its opposition to the division. The ruling and opposition parties clashed over statistics showing Seoul housing starts plunged to 58.01% of the 10-year average and property tax limits.

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China's CXMT surpasses Samsung·SK Hynix with 82% operating margin...Korea semiconductor sector pressured

Chinese memory chip company CXMT achieved an 82% operating margin, surpassing profitability of Samsung Electronics and SK Hynix. With major semiconductor stocks showing weakness on KOSPI due to high oil prices and interest rates, awareness of CXMT's high profitability has heightened concerns about intensifying Chinese competition for Korea's semiconductor industry.

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Flu-like symptoms surge 4x year-over-year, disease control agency issues influenza alert

The Korea Disease Control and Prevention Agency confirmed that flu-like illness occurrence surged 4x year-over-year and issued an official influenza alert for the 2026-2027 season. It strongly recommended influenza vaccination for vulnerable groups including children, elderly, and pregnant women and urged special caution.

▦ Categories

By field

AI & Tech

Apple CEO John Thernuss takes office today, OpenAI agent API public beta launch, Ant·Visa·Mastercard announce AI identity verification KYA specification
Apple CEO John Thernuss officially takes office September 13 as Tim Cook's successor

John Thernuss officially took office as Apple's chief executive on September 13 as Tim Cook's successor. The absence of a frontier AI model, unique among Big Tech, is cited as the biggest challenge after taking office.

OpenAI expands developer ecosystem with agent API public beta launch

OpenAI launched the agent API public beta. It includes session management, orchestration, context compression, and recovery features, opening tools for developers to build their own agents.

Ant·Visa·Mastercard jointly announce common KYA specification for AI agent identity verification

Ant International, Visa, and Mastercard jointly announced a 'KYA (Know-Your-Agent)' interoperability framework for verifying AI agent identities. It is a specification that integrates three existing competing protocols.

Economy & Finance

Korea's 3-year bond yield surpasses 4%, year's high; 19 trillion won flows from MMF to stock market; early September exports surge 82.6%, record high
Korea's 3-year bond yield 4.014%, marks year's high...pressure on mortgage rates

Korea's 3-year bond yield reached 4.014%, surpassing 4% for the first time since November 2023 and marking the year's high. Pressure for further rate increases on mortgage loans has intensified.

19 trillion won flows out of MMF toward stock market amid high interest rate uncertainty

19 trillion won flowed out of money market funds (MMF) into the domestic stock market. Despite high interest rate and oil price uncertainties, investors showed increased preference for risk assets.

September 1-10 exports reach $34.97 billion, surge 82.6% year-over-year, record high

Exports for September 1-10 reached $34.97 billion, up 82.6% year-over-year, marking a record high for the period. Semiconductor exports surged 270.1%, accounting for 47.1% of total exports.

World & Diplomacy

Lee Jae-myung's approval rating 38%, lowest since taking office; BRICS opens in New Delhi, India; Canada enacts retaliatory tariffs on 700 US items
President Lee Jae-myung's approval rating 38%, lowest since taking office; disapproval 51% for third consecutive week

In Gallup Korea's September 8-10 survey, President Lee Jae-myung's approval rating fell to 38%, the lowest since taking office. Disapproval was 51%, exceeding 50% for the third consecutive week, and the Blue House said it is reviewing holding a press conference next week.

18th BRICS Summit opens in New Delhi, India...12 or more countries attending

The BRICS Summit opened in New Delhi, hosted by Prime Minister Modi. Leaders from 12 or more countries including Putin and Ramaphosa attended, with Xi Jinping participating virtually to discuss four agenda items including multilateral system reform and counter-terrorism.

Canada imposes 15-50% retaliatory tariffs on ~700 US items effective September 8

Canada imposed 15-50% retaliatory tariffs on approximately 700 US products including steel, aluminum, and dairy. US-Canada trade tensions have intensified since the Kahn-Trump trade negotiations failed.

Environment & Climate

Copernicus reports August 2026 global temperature 1.65°C, tied for all-time high; UK sanctions on Russian LNG raise Korea energy security concerns
Copernicus: August 2026 temperature 1.65°C above pre-industrial levels, tied for all-time high

The EU's Copernicus Climate Change Service announced that the global average temperature for August 2026 was 1.65°C above pre-industrial levels, tying July 2023 for the all-time record.

UK sanctions on Russian LNG take effect; industry ministry formally requests exception for existing contracts

As the UK's ban on Russian LNG shipping and insurance services took effect, the Ministry of Trade, Industry and Energy held a video conference with the UK Secretary of State for Business, Innovation and Science to formally request exceptions for existing contracts.

Health & Medicine

Flu surges 4x, influenza alert issued; Samsung BioLogics 350.8 billion won CMO; Lasertinib wins Galien Prize; GC Pharma mRNA Phase 2 IND approved
Flu-like symptoms surge 4x, disease control agency issues influenza alert for 2026-27 season

The Korea Disease Control and Prevention Agency confirmed flu-like illness occurrence surged 4x year-over-year and issued an official influenza alert for the 2026-2027 season. It strongly recommended vaccination for vulnerable populations.

Samsung BioLogics announces 350.8 billion won CMO contract with European pharmaceutical company

Samsung BioLogics announced through disclosure that it has signed a 350.8 billion won biopharmaceutical contract manufacturing organization (CMO) contract with an anonymous European pharmaceutical company.

Lasertinib wins inaugural Prix Galien Korea Best Drug Award

Lasertinib, an EGFR-targeting lung cancer therapeutic, won the inaugural Prix Galien Korea Award for Best Drug. The achievement recognized the competitiveness of the Korean innovative drug jointly developed by Oscotec and Yuhan-Kimberly.

GC Pharma receives MFDS approval for COVID-19 mRNA vaccine candidate Phase 2 IND

GC Pharma obtained approval from the Ministry of Food and Drug Safety for a Phase 2 clinical trial of its COVID-19 mRNA vaccine candidate.

Space & Science

Saturn's south pole 10-sided atmospheric pattern first officially confirmed; International Space Summit opens in Daejeon; UN-Korea space weather workshop concludes in Seoul
First confirmation of 10-sided atmospheric pattern at Saturn's south pole, symmetrical to north pole hexagon

Hubble observation-based research presented at EPSC2026 first officially confirmed a 10-sided jet stream wave at Saturn's south pole at 63° latitude. The findings suggest a symmetrical structure with the north pole's hexagonal pattern.

International Space Summit 2026 opens in Daejeon with ~4,000 space industry leaders and researchers

The International Space Summit 2026 was held in Daejeon, bringing together approximately 4,000 space industry leaders and researchers. Korea's status as a space industry hub was highlighted.

UN-Korea space weather workshop concludes in Seoul after September 7-11 sessions

The International Space Weather Initiative (ISWI) workshop, jointly hosted by UNOOSA and the Korea Aerospace Administration, concluded on September 11 after sessions in Seoul September 7-11. Results on strengthening Sun-Earth research capabilities were shared.

Entertainment & Culture

'Ordinary Jackpot' KBS2·'Love Different from You' Amazon simultaneous premiere; Webtoon Entertainment acquires AI Games for $100 million
Web novel adaptation 'Ordinary Jackpot' premieres on KBS2 Saturday-Sunday at 9:20 PM

The web novel adaptation 'Ordinary Jackpot' premiered on KBS2 on September 12 at 9:20 PM on Saturday-Sunday. It tells the story of an ordinary office worker who continues working even after winning the lottery.

'Love Different from You' premieres on Amazon Prime Video September 12

The drama 'Love Different from You,' starring Ho Nam-koong and Lee Mi-do and telling the story of a couple who have dated for over 10 years, premiered on Amazon Prime Video on September 12.

Webtoon Entertainment acquires 60% stake in Korean game company AI Games for $100 million

Webtoon Entertainment acquired a 60% stake in AI Games Holdings for $100 million. The first project is developing an MMORPG based on the popular webtoon IP 'Tempppal.'

Government unveils 7th broadcast and video industry plan...targeting 2030 revenue of 30 trillion won and exports of $4.3 billion

The Ministry of Culture, Sports and Tourism announced the 7th long-term plan for the broadcast and video industry for 2026-2030, setting targets of 30 trillion won in industry revenue and $4.3 billion in exports by 2030.

Sports

KBO 2026 League surpasses 11 million spectators in 626 games, LG defeats Samsung 4-3, KT sweeps Kia 6-2
2026 KBO League surpasses 11.04 million cumulative spectators in 626 games

The 2026 Shinhan SOL KBO League surpassed 11.04 million cumulative spectators in 626 games. Achieving 11 million spectators for the second consecutive year after last year, it is recording a record-breaking pace.

LG Twins defeat Samsung Lions 4-3

In the 2026 KBO League, LG Twins defeated Samsung Lions 4-3. As competition for postseason rankings intensifies, LG added another win.

KT Wiz wins 6-2 on the road against Kia Tigers at home

KT Wiz won decisively 6-2 in an away game at Kia Tigers' home stadium. In the competition for upper standings in the KBO League, KT gained a favorable position by overtaking Kia.

Business & Industry

CXMT surpasses Samsung·SK Hynix with 82% operating margin; Samsung E&A secures $3.5 billion Saudi project; Hanwha Aerospace inks Croatia defense contract
China's CXMT achieves 82% operating margin, surpassing Samsung Electronics and SK Hynix

Chinese memory semiconductor company CXMT achieved an 82% operating margin, surpassing profitability of Samsung Electronics and SK Hynix. Concerns about intensifying Chinese competition in Korea's semiconductor industry have risen.

Samsung E&A announces $3.5 billion (4.71 trillion won) Saudi fertilizer plant order

Samsung E&A announced it has secured a $3.5 billion (approximately 4.71 trillion won) contract to build a fertilizer production facility in Saudi Arabia.

Hanwha Aerospace signs 641.1 billion won Cheonmu multi-launch rocket contract with Croatia's Defense Ministry

Hanwha Aerospace announced it has signed a 641.1 billion won export contract for the Cheonmu multi-launch rocket system with Croatia's Defense Ministry.

Real Estate & Housing

LH division into two corporations formally launched; Dongtan·Giheung jeonse prices surge 10%; government pursues 10 million won penalty for delaying relocation after land compensation
Land Ministry holds LH division startup meeting...labor union opposes

The Ministry of Land, Infrastructure and Transport formalized the structural reorganization by holding a startup meeting to divide LH into the 'Housing Urban Development Corporation' handling site development and construction and the 'Housing Urban Asset Corporation' handling residential welfare and asset management. The LH union remains opposed.

Dongtan·Giheung jeonse prices surge over 10%, outpacing Seoul's 7.6% increase

Jeonse prices for apartments in Gyeonggi's Dongtan and Giheung rose over 10%, outpacing Seoul's 7.6% increase. A clear shift in actual jeonse demand toward suburban transit-oriented areas in the capital region was confirmed.

Government pursues 10 million won penalty for delays in relocation after land compensation

The government announced plans to impose a 10 million won penalty on residents who delay relocation after receiving land compensation in public housing project areas.

Energy

UK sanctions on Russian LNG raise Korea security concerns; Western Generation recycles 16,000 tons of solar panels; solar competitiveness enhancement committee launches
UK Russian LNG sanctions take effect; industry ministry requests exception for existing contracts

As the UK's ban on Russian LNG shipping and insurance services took effect, the Ministry of Trade, Industry and Energy held a video conference with the UK Secretary of State for Business, Innovation and Science to formally request exceptions for existing contracts.

Western Generation to build 16,000-ton solar panel recycling system by 2044

Korea Western Generation signed an agreement with Hyundai Corporation and Ecosystem Governance to build a system for recycling approximately 16,000 tons of solar panels by 2044. The first batch of 150 tons is planned for Samranggin Power Station in 2028.

Ministry of Climate and Energy launches solar industry competitiveness enhancement committee

The Ministry of Climate and Energy launched the 'Solar Industry Competitiveness Enhancement Committee' with participation from government, industry, academia, and research sectors to rebuild supply chains and secure next-generation technologies, holding its inaugural meeting.

National Assembly discusses nuclear power PPA adoption for decarbonization of power-intensive industries

In the National Assembly's Climate, Energy, Environment and Labor Committee, a proposal to expand PPA to carbon-free energy sources such as nuclear power for decarbonizing power-intensive traditional industries like steel and petrochemicals was discussed.

Education & Society

Admissions server outage·fairness concerns·Education Ministry relief measures; up to 40% discount on agricultural and livestock products before Chuseok
Admissions server down; Education Ministry to announce relief for affected test-takers on 13th

The Univ.AI admissions server went down just before the September 11 deadline, extending it by one hour. The Education Ministry said it will officially announce relief procedures for affected test-takers on September 13.

One-hour admissions deadline extension sparks fairness concerns

The one-hour extension of the admissions deadline sparked fairness concerns as some test-takers gained additional application opportunities after checking competition rates. Final competition rate changes became inevitable.

Up to 40% discount on agricultural and livestock products before Chuseok; government provides additional 20% subsidy

The Ministry of Agriculture, Food and Rural Affairs announced it will support discounts of up to 40% (including 20% government subsidy) on all domestic fresh agricultural and livestock products at major supermarkets ahead of the Chuseok holiday.

Auto & Mobility

EV Trend Korea and autonomous driving industry expo first held simultaneously with 14,628 visitors; Kia·BMW·BYD showcase competing electric vehicles
'EV Trend Korea 2026' and 'AME 2026' held simultaneously for first time with 14,628 visitors

'EV Trend Korea 2026' and the '2026 Autonomous Mobility Industry Expo (AME 2026)' were held simultaneously for the first time. Complete vehicle brands including Kia, KGM, BMW, Mercedes-Benz, and BYD showcased their electric vehicle lineups, attracting 14,628 visitors over four days.

60 companies showcase autonomous driving core technologies to V2X infrastructure at AME 2026

At AME 2026, 60 companies with 150 booths showcased autonomous driving business landscape from core technologies like sensors and automotive semiconductors to SDV, AI data solutions, and connected V2X infrastructure.

Security & Defense

Uzbekistan president visits Korea as state guest on September 13; former intelligence commander Moon Sang-ho acquitted of military secrets leak
Uzbekistan President Mirziyoyev visits Korea as state guest on September 13

Uzbekistan President Mirziyoyev visited Korea as a state guest on September 13. He was the first among the five Central Asian presidents among countries participating in the Korea-Central Asia Summit to visit Korea.

Former intelligence commander Moon Sang-ho acquitted of military secrets leak charge in first trial

The Seoul Central District Court acquitted former intelligence commander Moon Sang-ho of military secrets leak charges. The court found it difficult to recognize military harm possibility from a phone call alone and determined that intent to leak classified information was not proven.

Crypto & Web3

KBW2026 confirmed for Seoul with Upbit partnership; FSS·FSC mandates 5-minute ledger-to-wallet reconciliation for virtual asset exchanges
KBW2026 to be held at Seoul Walkerhill September 29-October 1 with Upbit partnership

Korea Blockchain Week 2026 was announced to be held at Seoul Walkerhill Hotel September 29-October 1 with Upbit as the presenting partner. A separate Upbit institutional summit for institutional investors will also be held.

FSS·FSC mandate automatic 5-minute ledger-to-wallet reconciliation for virtual asset exchanges

The Financial Supervisory Service and Financial Services Commission mandated automatic ledger-to-wallet reconciliation for domestic virtual asset exchanges, reducing the frequency from 24 hours to 5 minutes. Monthly external audits and multi-approval for high-risk transactions were also mandated.

Food & Lifestyle

Korean traditional motif handbag brands rise·National Museum of Korea sales surge 90%; 25 K-goods debut at The Hyundai Seoul
Hanok·moon jar motif handbags rise; National Museum of Korea cultural product sales surge 90% in first half

Handbag brands featuring hanok, moon jar, and soban motifs such as Gayawie, Kangdan, and Kesilang are gaining attention. The National Museum of Korea's cultural products Muse saw first-half 2026 sales of 21.8 billion won, a 90% increase year-over-year.

Korea Tourism Organization debuts 25 K-goods at The Hyundai Seoul September 12-20

The Korea Tourism Organization is debuting 25 award-winning tourism souvenirs from the 2026 competition at The Hyundai Seoul's 5th floor September 12-20. The Presidential Award winner is a Baudeuk-i wrought-metal tableware set.

Labor & Employment

Seoul bus strike September 16 second mediation is turning point; youth employment down 28 consecutive months as firms prefer AI and experienced workers
Seoul city bus union strike passes with 87.94% approval...September 16 second mediation is turning point

The Seoul city bus union approved a strike with 87.94% member approval. The key issues are the application of 176 hours as the standard for regular wages and a 7.85% wage increase, with the September 16 second labor committee mediation being the turning point.

PM Han Seung-soo cites AI technology and preference for experienced workers as causes of 28-month youth employment decline

Prime Minister Han Seung-soo cited the spread of AI technology and companies' preference for experienced workers as causes of youth employment decline during a parliamentary questioning session. August youth employment (ages 15-29) was 44.1%, down 1 percentage point year-over-year, marking 28 consecutive months of decline.

⌚ Watch ahead

Looking ahead

What to watch ahead

  • September 16 second labor committee mediation results and whether full-scale strike will proceed
  • Education Ministry and Korean Council for University Education September 13 announcement details and relief scope
  • Whether international oil prices continue rising following Houthi control of Red Sea and Saudi response
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