1. Seoul Hits 39°C Despite Fall of Autumn... Rain Forecast for East Coast and Jeju over Weekend

Even today (August 7), which marks Ipchu (the beginning of autumn), a heavy heatwave warning remains in effect for the Seoul metropolitan area, with Seoul and Gyeonggi Province forecasted to reach up to 39°C (102°F). Over the weekend, the peak temperature in the metropolitan area is expected to drop slightly to around 33°C to 35°C (91°F to 95°F), easing the heatwave a bit.

2. Blackout Hits Around 500 Households Amid Tropical Nights... "National Climate Disaster"

Amid continuing tropical nights, a power outage left 500 households in an apartment complex in Gwanak-gu, Seoul, without electricity last night, causing severe inconvenience to residents. President Lee Jae-myung defined the current heatwave as effectively a national climate disaster and ordered the mobilization of all administrative resources to minimize damage.

3. Iran Announces Agreement with Oman to Separate Hormuz Entry and Exit Routes

An announcement has been made that Iran and Oman have agreed on a new route that separates entry and exit passages in the Strait of Hormuz for the time being. U.S. President Trump repeatedly claimed that the war with Iran will end soon.

4. "Monitoring Non-Resident Single-Home Owners and Jeonse/Wolse"... 2nd Real Estate Meeting Held Today

Regarding the government's real estate tax reform plan, concerns have been raised within the Democratic Party that the tax burden on non-resident single-home owners and shortages in the jeonse (lump-sum deposit lease) and wolse (monthly rent) markets could provoke public backlash. President Lee Jae-myung is holding the second real estate policy meeting today to discuss measures for expanding housing supply.