[Hot Issue TOP 5]
First Major US Investment Project: Power Plant Construction in Texas
Former Football Association Head Chung Mong-gyu Referred to Prosecutors Without Detention

Here are today's Top 5 Hot Issues.


1. Chief Justice Cho Hui-dae of the Supreme Court has stated that he cannot comply with the Blue House's request to resubmit the Supreme Court justice nominee.

Chief Justice Cho explained that "there is no specific constitutional basis or reason that justifies the request for resubmission." This statement comes 25 days after the Blue House effectively rejected Chief Justice Cho's written nomination of candidate Sohn Bong-ki on August 28 and requested a resubmission. The Blue House emphasized, "If the Chief Justice nominates a Supreme Court justice and the president is required to appoint that nominee without question, this would undermine the appointment authority of a president elected by the people," and expressed "deep regret" over the Chief Justice's public statement. The conflict over Supreme Court nominations is intensifying.


2. The government has decided to build a gas-fueled combined-cycle power plant in Texas as its first major U.S. strategic investment project and reported the decision to the National Assembly.

The second project involves the construction of eight large nuclear power plants in the United States, while the third project is the development of LNG in Alaska. The government also reaffirmed the agreement that no additional investments will be made if the annual cap of USD 20 billion or cumulative total of USD 200 billion is exceeded.


3. President Lee Jaemyung will deliver a keynote address at the United Nations General Assembly.

During his overseas tour, continuing through September 27, President Lee will deliver his address at the 81st United Nations General Assembly in New York on September 22 local time. He is also scheduled to meet with the UN Secretary-General, followed by a state visit to Mexico.


4. The Bank of Korea has warned of the risks related to housing prices and household debt.

The Bank of Korea has diagnosed that rising housing prices in the Seoul metropolitan area and increasing loans could exacerbate financial imbalances.



5. The Seoul Metropolitan Police Agency’s Financial Crime Investigation Unit has referred former head of the Korea Football Association Chung Mong-gyu to the prosecution without detention.

Chung is suspected of falsely recording related materials to make the appointment process for former national football team coach Hong Myung-bo appear as if it followed proper procedures. Former technical director Lee Lim-saeng and former executive vice president Kim Jeong-bae were also referred without detention, while coach Hong Myung-bo was cleared of charges.


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