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Last update: 10 hours ago

U.S.-ROK Drill Cut: South Korea and the United States agreed to shorten the annual Ulchi Freedom Shield exercise, ending it on Aug. 21 instead of Aug. 27, with some live field training reduced and parts converted to simulations after Trump ordered a “substantial” cut—Seoul said it was at Washington’s request, while North Korea called the drills an “open threat.” Alliance Strain & Diplomacy Push: Trump also renewed efforts for an autumn meeting with North Korean leader Kim Jong-un, while South Korea’s foreign minister said Seoul had no prior notice before Trump’s social media post. Markets Hit: Asia stocks slid as the Kospi fell 5.2% and oil prices jumped amid uncertainty tied to the Iran situation and AI stock jitters. Tech & Industry: Alibaba Cloud opened its third South Korea datacentre and rolled out agentic AI services; Hanwha Aerospace said its U.S. unit won a contract for K9 howitzer prototypes for the U.S. Army. Health & Society: A study found about 1 in 4 Korean adults has metabolic fatty liver disease, with healthier habits linked to lower risk. Culture: Gwangju’s Arab Film Festival returns at ACC for three days.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

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South Korea exploring creation of new financial hub beyond overcrowded Seoul

South Korea exploring creation of new financial hub beyond overcrowded Seoul

South Korean flag display stirs up false claims about disrespect to national symbol

South Korean flag display stirs up false claims about disrespect to national symbol

South Korean, U.S. militaries shorten drills by about half after Trump orders reduction

South Korean, U.S. militaries shorten drills by about half after Trump orders reduction


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Sofwave Surpasses One Million Treatments Worldwide; Milestone Treatment Performed in South Korea

GlobeNewswire, Inc.

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Aug. 14, 2026

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Foreign Ministry Spokesperson Lin Jian’s Regular Press Conference on August 18, 2026

Ministry of Foreign Affairs of the People's Republic of China

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