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Saturday, November 7, 2026 · Evening
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Saturday, November 7, 2026 · Evening · Politics 3 pages
Front page · Politics

Lee Yong-chul nominated as Justice Minister
PPP demands withdrawal; DP refutes

President Lee Jae-myung nominated Lee Yong-chul, head of the Defense Acquisition Program Administration, as Justice Minister candidate.

  1. 1 pagesLee Yong-chul nominated as Justice Minister PPP demands withdrawal; DP refutesPolitics
  2. 2 pagesUS Senate Dems Reclaim Control Flip 6 States Including OhioPolitics
  3. 3 pagesAhn Cheol-soo demands emergency economic measures KOSPI collapses below 5,000 levelPolitics
Politics · Planned · 4 sources combinedp. 1 / 3

Lee Yong-chul nominated as Justice Minister
PPP demands withdrawal; DP refutes

Photo: 연합뉴스

In short

President Lee Jae-myung nominated Lee Yong-chul, head of the Defense Acquisition Program Administration, as Justice Minister candidate.

The People Power Party demanded the nomination be withdrawn, claiming the candidate is connected to the Daejang-dong suspicion through the Seongnam line.

The Democratic Party countered that the candidate is a legal professional from the Minjung Civil Rights Association and said the suspicions are baseless.

Key facts

WhenOn November 7, 2026, the People Power Party again urged withdrawal of Lee Yong-chul's nomination.
WhoSpokespeople Park Sung-hoon and Choi Su-jin, and lawmakers Yoon Sang-hyun and Han Ki-ho from the PPP launched criticism.
WhatJustice Minister nomination of Lee Yong-chul, head of Defense Acquisition Program Administration, appointed by President Lee Jae-myung.
HowThe PPP raised Daejang-dong involvement and Seongnam line suspicions; the DP countered by calling him a 'pro-No person' (close to former President Roh Moo-hyun faction).

What it means for me

The confirmation hearing for the Justice Minister nomination is drawing attention amid intensified exchanges between ruling and opposition parties.

Politics · 3 sources combinedp. 2 / 3

US Senate Dems Reclaim Control
Flip 6 States Including Ohio

Photo: 연합뉴스

In short

Democrats won all Senate seats in Ohio, Kansas, and Iowa in the US midterm elections.

Democratic candidates won in regions where Republicans had long held strong support.

Democrats are projected to hold 51 seats, the Senate majority.

Key facts

WhenThe results of the US midterm Senate elections were announced on November 3 (local time).
WhereIt was a Senate election in the swing states of Ohio, Kansas, and Iowa.
WhoDemocratic candidates Sherrod Brown (Ohio), Adam Hamilton (Kansas), and Josh Tet (Iowa) won their elections.
WhatDemocrats won in 4 out of 7 swing states: Texas, Ohio, Kansas, and Iowa.

What it means for me

Changes in US policy may influence Korea's diplomacy and economy, so related developments warrant close attention.

Politics · 3 sources combinedp. 3 / 3

Ahn Cheol-soo demands emergency economic measures
KOSPI collapses below 5,000 level

Photo: 매일경제

In short

Rep. Ahn Cheol-soo of the People Power Party demanded emergency economic measures from President Lee Jae-myung due to the sharp stock market decline.

On the 6th, the KOSPI fell below the 5,000 level and circuit breaker was triggered.

The sharp decline in the Nasdaq and semiconductor index following the U.S. midterm elections was also cited.

Key facts

WhenOn November 6, People Power Party Rep. Ahn Cheol-soo posted a critical message on Facebook.
WhoRep. Ahn demanded that President Lee Jae-myung disclose emergency economic measures.
WhatOn that day, the KOSPI fell below the 5,000 level shortly after market opening and the circuit breaker was triggered.
HowHe cited the previous day's Nasdaq drop of 5.52% and Philadelphia Semiconductor Index plunge of 12% as evidence.

What it means for me

With increased volatility in the domestic stock market, investors should check their portfolio gains and losses.

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