President Lee's Record-High 821 Trillion Won Budget: "A Major Shift from Growth for the Few to Growth for All" [1-Minute Brief]

[At a Glance]
1. [Markets] President Lee's "New Growth Formula" for the 821 Trillion Won Budget... "We Must Move Beyond the Growth-Distribution Dichotomy"
2. [Commodities] Goldman Sachs Raises Oil Price Forecast... "War Fuels Concerns Over Supply Disruptions"
3. [Defense] Hanwha Ocean Localizes Submarine Horizontal Launch System... A Decade of Development Pays Off

MARKET INDEX : Year to date

TOP 3 NEWS

■ '821 trillion won' super budget... President Lee: "From growth for a few to growth for all"

○Government to pursue three key initiatives: jobs, finance and housing
○Focused investment in semiconductors and AI to boost growth potential
○President Lee stresses that "execution and speed are key"

■ Goldman Sachs raises oil price forecast... Brent crude to hit $105 at year-end

○Goldman Sachs raises its year-end Brent crude forecast to $105
○Concerns grow over heightened US-Iran tensions after US midterm elections
○Oil price pressures intensify amid supply disruptions from the Middle East and Russia

■ Submarine torpedoes to be fired using homegrown technology... Hanwha Ocean localizes production after 10 years

○Jointly developed with the Agency for Defense Development using a water-ram system that harnesses water pressure
○Ensures precise speed control and safety under high-pressure impacts
○Moves away from reliance on imports, cutting costs and delivery times while boosting export competitiveness

Law That Pays

■ Four out of five judges say they have encountered fake AI-generated case citations

○Supreme Court survey on citations of AI-generated false case precedents and related issues
○360 judges responded; 91.7% said "institutional measures are needed"
○Options under review include establishing a legal basis for fines and providing guidance on electronic litigation
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026110215054292863

■ Major US law firm Weil begins dissolution process

○More than 30 partners have left this year
○Leadership vacuum; merger also falls through
○Firm has 1,200 lawyers and annual revenue of $2.08 billion
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026110215074151792

■ "You're late. What time did you get here?" A supervisor's repeated questioning can constitute workplace harassment

○Seoul Administrative Court rules that a one-month pay cut was lawful
○Pressuring an employee with no attendance issues by questioning their arrival time is improper
○"Even a one-off remark may constitute workplace harassment"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2026110215095708838

※ "Law That Pays," a content partnership feature by The Asia Business Daily and the Legal Times, is published every Tuesday and Thursday.

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This content was produced with the assistance of AI translation services.