News Briefing: Today's Top Stories… Trump's 'Edited Out' Humiliation

1. President Lee Jae-myung has ordered swift and bold measures regarding single-stock leverage ETFs, which are being identified as a source of instability in the domestic stock market. During a cabinet meeting on the morning of July 21, President Lee stated that while leverage ETFs have policy benefits in terms of advancing capital markets and stabilizing exchange rates, there are concerns that they are inefficient from an investor's perspective. He instructed the rapid implementation of supplementary measures announced by financial authorities last week. President Lee added that the timing of their introduction—coinciding with a market correction after a sharp rise—may have created an optical illusion that these ETFs are the primary cause of the current market difficulties.

2. The Democratic Party and the People Power Party have reached a rare agreement. They have tentatively agreed on a bill to introduce a special counsel to investigate the shortage of ballots during the June 3 local and by-election elections. Regarding the contentious issue of how to select the special counsel, they agreed on the following: the two negotiating groups will each recommend three people to form a Public Recommendation Committee. This committee will receive three recommendations each from the Korean Bar Association and the Korean Association of Law Schools, select two candidates by bipartisan agreement, and recommend them to the President, who will then appoint one of the two as the special counsel. The ruling and opposition parties have agreed to discuss the scope, scale, and duration of the investigation later and to process the bill within the current extraordinary session of the National Assembly. However, floor leaders remained cautious, noting that this is a tentative agreement that still requires approval from each party's general meeting of lawmakers.

3. Prosecutors and police have launched simultaneous raids on the National Office of Investigation (NOI) as part of an investigation into allegations of misconduct in the case involving Jang Yoon-gi. The investigation aims to determine whether there was an attempt to downplay or cover up charges during the investigation into Jang, and whether higher-ranking police officials were involved. Based on statements from Superintendent Park, the former head of the detective division at Gwangju Gwangsan Police Station, the special investigation team is looking into whether the National Office of Investigation intervened in the decision to assign Jang's high school student murder case and the Vietnamese woman stalking and rape case to separate investigation teams back in May.

4. This is a scene from the North and Central America World Cup final that concluded yesterday. Can you see U.S. President Donald Trump at the very end of the screen? President Trump drew criticism for remaining on stage during the Spanish national team's victory ceremony at the World Cup awards ceremony. It has been confirmed that FIFA cropped out President Trump from the photos of the Spanish players' victory celebration posted on its official X account. President Trump was effectively edited out, resulting in a humiliation for him. The White House countered by posting photos on its own X account that included President Trump. Earlier, President Trump attended the final's awards ceremony with FIFA President Gianni Infantino and remained on the field during the victory celebration, drawing loud boos from the crowd.
※ Please note: This article was translated by AI and may contain errors.