1. The U.S. Federal Reserve has raised its benchmark interest rate for the first time in 3 years and 2 months. Citing price stability as its top priority, the Fed also signaled the possibility of additional rate hikes within the year.
2. As the National Assembly confirmation hearings following a Cabinet reshuffle come to an end, the ruling and opposition parties are clashing sharply over the adoption of confirmation reports. With the ruling party showing signs of pushing through the adoption of reports for candidates such as Justice Minister nominee Kim Seung-won, the People Power Party canceled a standing committee meeting chaired by one of its own lawmakers.
3. The number of attempts to illegally smuggle obesity treatments into South Korea from the beginning of this year through last month exceeded 5,000 cases. Some of these were revealed to be fake Mounjaro products containing different ingredients.
4. The main delegation of the South Korean national team departed for Japan this morning, two days ahead of the opening of the Aichi-Nagoya Asian Games. Some events have already begun their schedules, with the men's basketball team defeating Jordan to advance to the semifinals.
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