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Real-time News
July 26 (Yonhap) -- South Korean President Lee Jae-myung stated, "South Korea and the United States should expand their cooperation beyond their long-standing security alliance to include technology, innovation, and startups." He emphasized that combining the world-class venture capital capabilities and global network of the United States with South Koreas advanced technological strength and manufacturing competitiveness will create a new batch of globally innovative companies. Lee also called on US venture capital firms to strengthen cooperation and expand investment in South Korea, while pledging to create the worlds most attractive investment and entrepreneurial environment. He stated that South Korea will reform its visa system to better attract overseas entrepreneurial talent and lay the foundation for a cooperative system between domestic and foreign companies, research institutions, and investors. He further pledged to help South Korean startups grow into globally competitive companies through funds connecting private and government-managed entities.The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 a.m. on Tuesday, July 28, 2026. Hu Jinglin, Director of the State Taxation Administration, will introduce the relevant situation of tax reform and development during the 15th Five-Year Plan period and answer questions from reporters.On July 26th, Tesla (TSLA.O) shares fell nearly 20% this week, closing at $313.03 per share, marking its biggest weekly drop since 2022; SpaceX (SPCX.O) closed at $115.07 per share, its lowest level since its IPO last month. Data from the Bloomberg Billionaires Index shows that Elon Musks personal wealth evaporated by approximately $130 billion (about 880 billion yuan) in just five trading days, just weeks after he became the first person in history to surpass a trillion-dollar net worth. Musk himself jokingly referred to himself as a "(former) trillionaire" on social media.Conflict Update: 1. Houthi rebels claim to have struck Saudi Arabia twice in one day. 2. Saudi Arabia confirms coalition strikes against Houthi rebels in Yemen. 3. Houthi rebels claim to have struck a southern Saudi city. 4. Lebanon claims Israeli military action caused a powerful explosion in the countrys south. 5. Sources say missiles that attacked a Saudi oil refinery were intercepted. 6. After 13 consecutive nights of strikes against Iran, the US military has not announced any further airstrikes against Iran. 7. Houthi spokesperson: The maritime blockade is the first step in a "blockade for blockade" operation. 8. Zelensky: Ukraine attacked ships carrying Iranian military supplies in the Caspian Sea. 9. Security sources: Iraqi air defenses shot down a drone near the US consulate in Erbil. 10. Two Yemeni military officials say the Yemeni air force struck Houthi missile and drone launch sites along the front lines in Marib and Jawf provinces. 11. UK Maritime Trade Organization: Received a report on Friday of an incident involving an oil tanker and military forces in the Gulf of Oman. 12. Trump: If we dont get 100% what we want, we will consider resuming a full-scale war. 13. Iranian Revolutionary Guard: The number of American deaths in Operation Victory 2 exceeds 200. US-Iran Negotiations 1. US President Trump: The Iranian side is currently in contact with us, but I dont think they are ready to reach an agreement. 2. It is reported that negotiations between Oman and Iran have made progress, and Trump called a halt to the strikes against Iran on Friday. Strait of Hormuz 1. US Central Command: The US maritime blockade against Iran remains fully enforced. As of July 25, 12 merchant ships attempting to break the blockade have been forced to change course, 2 disobedient vessels have had their navigation capabilities disabled, and 2 vessels have been boarded for inspection to ensure full compliance. 2. US Central Command: On July 24, measures were taken in the Gulf of Oman to stop the Mozambican-flagged oil tanker "Lavine" from sailing. 3. Spokesperson for the Iranian Parliaments National Security Committee: The main point of contention between Iran and the United States is the Strait of Hormuz. The strait will never return to its pre-war state. Other developments: 1. Iranian official: The Ghoshka facility is "currently empty." 2. Bahrain and Kuwait were reported to have secretly launched airstrikes against Iran; Kuwait denied this. 3. Israeli forces launched a large-scale manhunt in the West Bank, detaining more than 70 Palestinians. 4. The US and UK plan to hold a meeting on the Strait of Hormuz issue to promote the formation of a Hormuz maritime security coalition. 5. According to Irans Press TV: Following Yemens attack on oil refineries, large-scale queues for refueling have appeared across Saudi Arabia. 6. Qatars Ministry of Transport: From July 26, all types of maritime transport and shipping activities will fully resume. 7. Qatars Ministry of Foreign Affairs: The Prime Minister and Foreign Minister confirmed the need for all parties to commit to implementing the memorandum of understanding between Washington and Tehran. 8. A spokesperson for the Iranian Revolutionary Guard stated that if Britain supports the US in the war, it will become a clear and legitimate target. 9. A drone crashed near the residence of Israeli National Security Minister Ben-Gevil in Hebron; there were no casualties. 10. Iran: Sold a total of $18 billion worth of oil during the war and ceasefire.Ukrainian Air Force: Russian forces are attacking Kyiv with ballistic missiles.
