1. President Lee Jae-myung will host a major public debate on real estate on the 23rd to discuss overall housing policies, including supply, finance, and taxation. The Blue House announced that it is reviewing plans to improve tax systems, including property and transaction taxes, and intends to listen extensively to public opinion. Policy Chief Kim Yong-beom stated that the government is reviewing rational improvement plans for the overall tax system based on research projects and international cases. He added that while the government's tax reform plan must be announced by early next month at the latest, there is sufficient time to reflect the opinions gathered at the debate on the 23rd.
2. The American Depositary Receipts (ADR) of SK Hynix will be listed on the U.S. Nasdaq market tonight (July 10). The company plans to issue new shares equivalent to approximately 2.5% of its total outstanding shares to raise a total of 26.57 billion dollars, or about 40 trillion won. This is reported to be the largest-ever listing of a foreign company on the U.S. stock market. While some observers suggest that this listing could lead to a revaluation of the company beyond simple capital procurement, others point out that the dilution of existing shareholders' stakes and the potential decline in share value due to the issuance of new shares remain burdening factors.
3. Acting Commissioner General of the Korean National Police Agency Yoo Jae-sung has apologized to the public regarding allegations of shoddy investigations and collusion surrounding the case of Jang Yoon-gi. Acting Commissioner Yoo, who returned to Korea today after cutting his business trip to the United States for the UN Chiefs of Police Summit by one day, bowed his head and said, "I am deeply sorry for causing pain to the bereaved family and disappointment to the public." He also emphasized that those responsible for this incident will be strictly punished to the fullest extent permitted by law and regulations. He reiterated the principled stance that the police will review the overall investigation system through the Police Investigation Reform Task Force.
4. What do you think of this person? Is he a true soldier, or a participant in an insurrection? Jo Seong-hyeon, former commander of the 1st Security Group of the Capital Defense Command, who received a medal and was praised as a "true soldier" by President Lee Jae-myung for refusing to follow orders to enter the National Assembly during the December 3rd martial law, was summoned today as a suspect in the insurrection case by the 2nd Special Prosecutor. Upon being summoned by the special investigation team, Colonel Jo told reporters, "I am flustered, but I will testify truthfully and explain everything well," before heading to the interrogation room. Colonel Jo is accused of relaying orders from the then-Commander of the Capital Defense Command to deploy troops to the National Assembly to the 2nd and 35th Special Mission Battalions during the martial law. The special investigation team has reportedly secured a recording of a phone call from the day of the martial law, in which Colonel Jo, receiving a call from an individual presumed to be the former commander, says, "I have issued the orders as instructed. Loyalty, I will proceed with the operation."
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