AGP Executive Report
Last update: 7 hours agoProsecutor Reform Shock: South Korea’s acting prosecutor general Koo Ja-hyeon offered to resign after the National Assembly passed a bill stripping prosecutors of their direct investigative powers, shifting supplementary investigations to judicial police—an overhaul that lawmakers say is needed to restore public trust. Seoul EV Pricing Update: Seoul will replace its two-tier public EV charging rates with five speed-based categories from Aug. 1, cutting slow-charger prices and raising ultra-fast rates, affecting 503 city-run chargers. KOSPI Rebound After Turmoil: Global markets rallied as South Korea’s KOSPI surged nearly 18% in its biggest one-day jump, led by a sharp rebound in chipmakers like Samsung and SK Hynix after a brutal AI-fueled selloff. Stablecoin Push in Seoul: Samsung SDS says it’s exploring a stablecoin framework and AI payment systems with Dunamu, signaling more group-wide momentum in digital-asset infrastructure. Heatwave Pressure in the Capital: Seoul issued heatwave warnings and stepped up emergency response as temperatures hit record levels across the country.
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