1.According to data from Statistics Korea on Friday, consumer prices, a key gauge of inflation, rose 2.6 percent on-year last month. Inflation in July was led by high prices of farm produce, while prices of petroleum products climbed 8.4 percent on-year in July.

2.Seoul's unification ministry said Friday that North Korea has not yet responded to South Korea's proposal made a day earlier to support North Korean flood victims with necessary supplies from a humanitarian and fraternal perspective through the Korean Red Cross.

3.The U.S. Democratic Party began the process of formally nominating Kamala Harris as its candidate for the United States presidential elections. Democratic National Convention delegates began officially selecting their nominee for president on Thursday morning in what’s known as a virtual roll call.