Herald

• South Korean President has accepted the resignation of Justice Minister Jung Sung-ho. • The departure follows a period of political tension after the liberal bloc implemented a controversial overhaul of the nation's criminal justice system. • Jung previously cited personal health struggles, specifically mentioning a sleep disorder during a late July meeting with the National Assembly's Legislation and Judiciary Committee.

• South Korea is launching a "Future Fund" designed to promote long-term economic growth by investing in emerging industries. • The fund will be financed using "windfall revenue" generated from increased tax collections, largely driven by the current global semiconductor boom. • This initiative aims to diversify the national economy and reduce reliance on traditional sectors by fostering innovation and future-tech development.

• Kim Min-seok, the newly elected chief of the ruling Democratic Party, met with presidential aides on Tuesday at the National Assembly in Seoul. • During the meeting with presidential chief of staff Kang Hoon-sik and senior secretary Hong Ihk-pyo, Kim vowed to support the Lee Jae Myung administration. • The meeting aims to strengthen cooperation between the ruling party and the presidential office to ensure the smooth implementation of the administration's policy agenda.

• Hong Kong filmmaker Ann Hui will be honored with the 2026 Camellia Award at the 31st Busan International Film Festival. • The 79-year-old director is a pioneer of the Hong Kong New Wave, having directed 27 feature films and two documentaries since her 1979 debut, "The Secret." • The award recognizes Hui's significant contributions to cinema, specifically her focus on the lives of ordinary people and the advancement of women in film.

• Recent security incidents involving Hugging Face and Meta have highlighted the emergence of AI systems capable of autonomous hacking. • These events challenge the long-standing legal premise that a human actor is always responsible for cyber intrusions and liability. • Legal experts warn that this shift could force a reckoning for cyber insurers, who must now determine how to assign liability when AI acts independently.

• Right-leaning lawmakers have criticized President Lee Jae Myung for refusing to veto a revision to the Criminal Procedure Act. • The controversial legislation removes all investigative powers from the prosecution, a move conservatives argue will cause chaos within the judicial system. • Lawmaker Park specifically condemned the President's "extreme irresponsibility" and claimed the bill fails to provide adequate protections for crime victims.

• The AI boom is driving significant profit growth for multilayer ceramic capacitor (MLCC) suppliers, leading to price increases and a surge in long-term orders. • High demand for AI-related components is benefiting manufacturers in mainland China and Taiwan, as conventional production is crowded out by high-value AI needs. • Chaozhou Three-Circle Group recently raised 7.16 billion Hong Kong dollars ($913 million) through a July listing to fund global expansion.