Abolition of Prosecutor's Office, Launch of Public Prosecution Service and Central Investigation Office

President Lee Jaemyung Demands Public Apology from Ukraine

Kim Jiyong: "I Will Embody the Spirit of Prosecutorial Reform"

1. The Office of the Prosecutor has been abolished for the first time in 78 years, and the Public Prosecution Service and Central Investigation Office have been launched.


A new criminal justice system that separates investigation and prosecution has been implemented as of today. The key issues are whether the new organizations will settle in smoothly and if there will be any gaps in investigations.


2. President Lee Jaemyung has demanded a public apology from Ukraine.


Amid a dispute over the existence of a secret agreement regarding the repatriation of North Korean prisoners of war, President Lee warned that if Ukraine continues to refuse to acknowledge the facts and issue a public apology, he will take further action.


3. Kim Jiyong, nominee for Director of the Central Investigation Office, has stated that he will embody the spirit of prosecutorial reform if appointed.


Kim promised, "If appointed, I will dedicate all my capabilities to ensure that the Central Investigation Office becomes fully equipped to respond to serious crimes and quickly establishes itself as an investigative agency that protects the rights and interests of the public and victims." He added, "I will provide a detailed explanation to the public during the confirmation hearing."


4. International oil prices have surpassed $100 again due to heightened tensions in the Middle East.


As the United States deployed an additional aircraft carrier strike group to the Middle East, oil prices jumped by 4%, with Brent crude reaching $102. President Donald Trump stated that he will decide whether to bomb Iran or pursue a deal.


5. U.S. Treasury yields have reached their highest level in 24 years.



The yield on the 10-year U.S. Treasury bond rose to 5.34%, the highest level since 2002, while the 30-year yield climbed to over 5.6%. Factors cited as pushing up yields include the fiscal deficit, demand for AI investment funds, and high oil prices.

[Hot Issue TOP 5] U.S. Treasury Yields Hit 24-Year High View original image


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