1. The Bank of Korea has raised the base interest rate by 0.25 percentage points, from 2.50% to 2.75%. This marks the first monetary tightening decision in three and a half years, following eight consecutive rate freezes.
2. The government and the ruling party decided during a consultative meeting this morning (July 16) to establish an integrated military academy for the Army, Navy, and Air Force at Jaundae in Daejeon.
3. Former Prosecutor General Shim Woo-jung, who is suspected of participating in an insurrection, is facing a critical juncture regarding his potential arrest. The pre-arrest interrogation for the former Prosecutor General took place this morning, and a decision on whether to issue an arrest warrant is expected to be reached tonight.
4. The U.S. military has launched an unusual daytime surprise air strike, bombing Iran indiscriminately for the fifth consecutive day. As the U.S. intensifies pressure by strengthening the blockade of the Strait of Hormuz, Iran has declared its will to resist, stating that there will be no negotiations.
※ Please note: This article was translated by AI and may contain errors.
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