The Minute to Read (Weekdays) series provides a quick overview of significant events in Korea everyday, conveniently condensed into a one-minute read. Here’s a recap of what happened yesterday: July 10.
Yoon taken back into custody, prosecutors pursue foreign aggression case
Former President Yoon Suk-yeol was taken back into custody at 2:07 a.m. on July 10, 124 days after a court revoked his initial arrest warrant, on charges including obstruction of official duties and inducement of foreign aggression. Judge Nam Se-jin of the Seoul Central District Court approved the warrant, citing concerns over evidence destruction. The detention follows a nearly seven-hour hearing in which Yoon denied all charges and called the investigation politically motivated. He faces accusations of excluding cabinet members from a martial law meeting, obstructing a CIO arrest warrant, and ordering the deletion of encrypted records. Investigators suspect he ordered a drone flight over Pyongyang to provoke North Korea and justify martial law. With Yoon now in custody, the special prosecutor team led by Cho Eun-suk is expected to accelerate its investigation into the foreign aggression charge. He may be held for up to 20 days as the probe expands.
Seoul proposes package talks with US including troop levels, OPCON
U.S. President Donald Trump’s push for higher defense cost-sharing from South Korea is part of a broader strategy to secure greater trade and security concessions, including the removal of non-tariff barriers on U.S. goods. South Korean officials, led by National Security Chief Wi Sung-lac, are proposing a comprehensive package tied to the long-term future of the alliance. Sensitive issues such as U.S. troop levels and the transfer of wartime operational control (OPCON) are on the table, though Seoul is cautious about raising them too early. Trump’s $10 billion demand, far above the current $1 billion contribution, has sparked concern, especially as troop drawdown remains a risk under his administration’s overseas posture.
Bank of Korea pauses cuts, citing home prices and debt concerns
The Bank of Korea held its benchmark interest rate at 2.5% on July 10, pausing its rate-cutting cycle amid concerns over rising household debt and home prices in the Seoul area. It was the first hold since rate cuts began last October. Governor Rhee Chang-yong warned that surging property prices are fueling broader social issues and stressed the need for coordination with the government. While the economy remains sluggish, markets still expect further cuts this year, with four of six board members projecting at least one more reduction before year-end.
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[The Chosun Daily]
- Copyrights ⓒ 조선일보 & chosun.com, 무단 전재 및 재배포 금지 -
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Former President Yoon Suk-yeol, under special counsel investigation over the Dec. 3 martial law declaration, is transferred to the Seoul Detention Center after completing his second pretrial detention hearing at the Seoul Central District Court on the night of July 9, 2025./Pool photo |
Yoon taken back into custody, prosecutors pursue foreign aggression case
Former President Yoon Suk-yeol was taken back into custody at 2:07 a.m. on July 10, 124 days after a court revoked his initial arrest warrant, on charges including obstruction of official duties and inducement of foreign aggression. Judge Nam Se-jin of the Seoul Central District Court approved the warrant, citing concerns over evidence destruction. The detention follows a nearly seven-hour hearing in which Yoon denied all charges and called the investigation politically motivated. He faces accusations of excluding cabinet members from a martial law meeting, obstructing a CIO arrest warrant, and ordering the deletion of encrypted records. Investigators suspect he ordered a drone flight over Pyongyang to provoke North Korea and justify martial law. With Yoon now in custody, the special prosecutor team led by Cho Eun-suk is expected to accelerate its investigation into the foreign aggression charge. He may be held for up to 20 days as the probe expands.
Seoul proposes package talks with US including troop levels, OPCON
U.S. President Donald Trump’s push for higher defense cost-sharing from South Korea is part of a broader strategy to secure greater trade and security concessions, including the removal of non-tariff barriers on U.S. goods. South Korean officials, led by National Security Chief Wi Sung-lac, are proposing a comprehensive package tied to the long-term future of the alliance. Sensitive issues such as U.S. troop levels and the transfer of wartime operational control (OPCON) are on the table, though Seoul is cautious about raising them too early. Trump’s $10 billion demand, far above the current $1 billion contribution, has sparked concern, especially as troop drawdown remains a risk under his administration’s overseas posture.
Bank of Korea pauses cuts, citing home prices and debt concerns
The Bank of Korea held its benchmark interest rate at 2.5% on July 10, pausing its rate-cutting cycle amid concerns over rising household debt and home prices in the Seoul area. It was the first hold since rate cuts began last October. Governor Rhee Chang-yong warned that surging property prices are fueling broader social issues and stressed the need for coordination with the government. While the economy remains sluggish, markets still expect further cuts this year, with four of six board members projecting at least one more reduction before year-end.
One minute, that’s all it takes to know about Korea. Click here ☞https://page.stibee.com/subscriptions/305897
[The Chosun Daily]
- Copyrights ⓒ 조선일보 & chosun.com, 무단 전재 및 재배포 금지 -
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