Korea, U.S. closer to investment deal | 'Revenge-for-hire' gangs

The Daily Debrief | Sept. 14, 2026

Published Modified
People enjoy time by the ocean at Haeundae Beach in Busan on Sept. 14.

Happy Monday! Hope you had a great weekend. Here are the stories you need to know in Korea!

In today's news, Korea and the United States are seemingly closer to agreeing on an investment deal, with Industry Minister Kim Jung-kwan saying there are still "a few issues remaining" before the final signing.

In other news, anger and financial disputes have caused people to resort to hiring "revenge-for-hire" gangs through private chat groups. Meanwhile, the country is bracing for cooler weather, with temperatures of around 15 degrees Celsius (59 degrees Fahrenheit) forecast for the week.

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Today's top story

KOREA

Korea, U.S. close to $200 billion investment deal, minister says

Industry Minister Kim Jung-kwan said Sunday that Korea and the United States are close to an agreement on many issues in their investment negotiations, but cautioned that "there are still issues remaining until the final signing."

"It's true that we are close to an agreement, but there are still a few issues remaining," he told reporters at Incheon International Airport upon returning from Washington, where he wrapped up investment negotiations with the United States.

The two sides are set to hold another video conference early this week after completing internal procedures. "Our goal is to make an announcement if we reach a final agreement this week," he said.

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Feature of the day

KOREA

Feces, spray paint and mayhem: Korea’s revenge-for-hire networks draw clients, gangs and nationwide police scrutiny

Anger, financial disputes and a desire to evade responsibility are driving clients to hire criminal networks to exact retribution on those they feel wronged them, as police widen their crackdown.



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More stories

China narrows HBM gap with Korea, technology lead down to 3 years

Samsung, SK hynix turn down Kepco's electricity prepayment proposal over cash flow concerns

Gyeonggi budget cuts halt postpartum subsidy, strain cities and public agencies

BigHit Music launches 2026 global audition for aspiring male K-pop artists

These canines served Korea for years. Now lawmakers want Korea to return the favor.

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Editor's picks

KOREA

Korea braces for 15-degree Celsius temperature swings, possible fall typhoon

Clear fall weather will bring chilly mornings and warm afternoons this week, while a potential typhoon remains under watch for later this month.




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LIFESTYLE & ENTERTAINMENT

Let go of worldly desires — but grab the merch: Buddhism draws in young shoppers


Buddhist-inspired pop-ups, merchandise and wellness events are bringing millennials and Gen Z to malls across Korea.


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KOREA

Father of all children — but Kim Ju-ae’s privileged life fuels resentment in North Korea, defector says

Young North Koreans reportedly resent Kim Jong-un’s daughter Kim Ju-ae as her luxury clothing and privileged appearances fuel speculation that she is being prepared as North Korea’s next leader.

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KOREA

These five pressures are driving President Lee's approval rating to new lows


A Gallup Korea survey puts Lee Jae Myung's approval at 38 percent as personnel controversies, housing prices and reform disputes deepen concerns.

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