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US Small Businesses Sue Over New Tariffs on Dozens of Trading Partners
Two US small businesses sue the Trump administration over new tariffs (up to 12.5%) on 60 economies, including South Korea, citing arbitrary imposition without clear rationale to address forced labor concerns.

SK Group chairman ordered to pay 944 billion won in property division to ex-wife
An appellate court ordered SK Group Chairman Chey Tae-won to pay 944 billion won to his former wife in a divorce-related property division case. The court also left intact the 2 billion won alimony payment.

South Korean Food Makers Raise Prices Amid Middle East Tensions, Won Depreciation
South Korean food and confectionery companies, including Nongshim, CJ Foodville, and BR Korea, are raising product prices by 5.8% to 6.5% due to increased costs from the Korean won's depreciation and rising oil prices linked to Middle East tensions.

Samsung Heavy Industries Reports 4.9% Rise in Q2 Net Profit
Samsung Heavy Industries Co. announced a 4.9% increase in its second-quarter net profit, reaching 222.8 billion won, driven by higher-margin vessels like LNG carriers and enhanced productivity. Operating profit surged 58.7%, and sales rose 20.4%. The company plans to integrate digital, AI, and robotics technologies for future growth.

Seoul Stocks Plummet Nearly 6% Amid Middle East Tensions, Chip Outlook Concerns
Seoul stocks plunged nearly 6% on Friday, ending a three-day winning streak, as escalating Middle East tensions and a bearish outlook for the semiconductor sector sapped risk appetite. The KOSPI's sharp decline triggered a five-minute trading suspension.

Woori Financial Group Reports 7.4% Rise in Q2 Net Profit
Woori Financial Group announced a 7.4% increase in its second-quarter net profit to 1 trillion won (US$682 million), driven by rises in both interest and non-interest income. This also marks a 66% rise from the previous quarter.
