1. The U.S. Trump administration has imposed a "forced labor tariff" of 10 to 12.5% on 60 countries based on Section 301 of the Trade Act. Right before the expiration of global tariffs, new tariffs were introduced, and South Korea was hit with a 12.5% tariff.

2. As the military conflict between the United States and Iran enters its 13th day, President Trump announced that he is preparing a large-scale attack on Iran. With the added risk of the Red Sea blockade, Brent crude oil surpassed $100 per barrel once again in two months.

3. It has been reported that People Power Party lawmaker Kwon Young-jin visited the floor leadership to protest the standing committee assignment results, which led to shouting and even physical scuffling by the collars. The party leadership demanded a public apology, and lawmaker Kwon apologized via social media.

4. The remand appellate trial ruling on the property division between SK Group Chairman Cheon-won Choi and Art Center Nabi Director Roh Soh-yeong is scheduled to be delivered today, July 24. This comes nine years after the legal battle began when Chairman Choi filed for divorce mediation.