12 News: Today's Top Stories

1. The fire at the Coupang logistics center in Incheon has been largely brought under control after 61 hours. Fire authorities expect it will take a significant amount of time to fully extinguish the blaze and have decided to maintain the national firefighting mobilization order.

2. As heavy rain warnings are in effect across various parts of the Seoul metropolitan area, 29 streams and rivers, including the Jungnangcheon and Yangjaecheon, have been closed off. The Korea Meteorological Administration forecasts that up to 60mm to 80mm of rain will fall, mainly in the northern Gyeonggi region and the western coast of South Chungcheong Province, until this afternoon (July 21).

3. President Lee Jae-myung has ordered swift and bold countermeasures regarding single-stock leveraged ETFs, which are identified as factors of instability in the domestic stock market. He also emphasized the normalization of real estate issues and stated that tax reforms would be reorganized in a reasonable manner.

4. The pro-Iranian Houthi rebels in Yemen have declared a maritime blockade against Saudi Arabia. In response, Saudi Arabia announced that it would take all necessary measures to protect ships passing through the entrance of the Red Sea.
※ Please note: This article was translated by AI and may contain errors.