1. According to South Korea’s Joint Chiefs of Staff, North Korea fired an intercontinental ballistic missile and two short-range ballistic missiles towards the East Sea on Thursday, but the ICBM seems to have failed mid-flight following the second stage separation.

2. South Korea’s Central Disaster and Safety Countermeasure Headquarters said that the funeral procedures of 121 out of 156 deceased victims of the Itaewon stampede have been completed, and the bodies of 7 out of 26 foreign national victims have also been sent to their home countries.

3. The Federal Reserve on Wednesday delivered a giant-step of 75 basis point rate hike to slow inflation. The move is expected to pressure South Korea to continue its monetary tightening further.

1. According to South Korea’s Joint Chiefs of Staff, North Korea fired at least 10 missiles, including three short-range ballistic missiles, off its east and west coast. One of the ballistic missiles landed in waters close to South Korea’s territorial waters. 

2. During the meeting with South Korea’s Central Disaster Countermeasures and Safety Headquarters, South Korean Prime Minister Han Duck-soo said that the government will look to hold those responsible for the tragedy that occurred in Itaewon.

3. South Korea’s consumer prices jumped 5.7% on-year in October, marking the 6th consecutive month that the consumer prices remained above the 5% mark. October’s year-on-year growth was mostly driven by increased utility costs.

1. Two more deaths were confirmed Tuesday from the Halloween stampede in Itaewon, raising the death toll to 156. South Korean President, Yoon Suk-yeol, said the government will conduct a combined safety inspection of regional festivals in Korea starting Thursday.

2. South Korea’s exports decreased by 5.7 percent in October compared to the same period last year, marking the first on-year decline in 2 years since October 2020.  South Korea also posted a trade deficit for seven straight months.

3. A UN draft resolution, led by the European Union, condemning North Korea’s human rights issues, was submitted to the 77th UN General Assembly on Monday. According to South Korea’s Ministry of Foreign Affairs on Tuesday, South Korea has co-sponsored the draft resolution.

1. The deadly crowd crush in Itaewon on Saturday night took the lives of at least 154 people and injured 149 others. The tragedy happened Saturday when a massive crowd of Halloween partygoers filled a narrow alley in the district of Itaewon, causing people to fall down and pile up on one another.

2. On Sunday, South Korea’s President Yoon Suk-yeol declared a period of national mourning for the victims of the human stampede at Itaewon which occurred the day before the declaration. The national mourning period will run through November 5th. 

3. South Korea and the United States began the Vigilant Storm drill which is one of their largest combined military drills on Monday to boost combat readiness for wartime contingencies. During the 5-day drill, the allies are mobilizing 240 combat aircraft, including F-35B stealth jets.

1. According to South Korea’s Joint Chiefs of Staff, North Korea fired two short-range ballistic missiles toward the sea off its east coast on Friday. This comes as South Korea wraps up its 12-day Hoguk military drills.

2. The gross domestic product of the United States rose 2.6% in the third quarter above market estimates, recording the first positive growth rate after two quarters of negative growth.

3. The South Korean government announced on Friday that it will extend the LNG and LPG tax cut for an additional three months to mitigate the pressure on consumers during the winter. This will have the effect of decreasing city gas bills by 1 thousand 400 won per household on average.  

1. The 11th emergency economic and public livelihood meeting took place at the presidential office in Seoul on Thursday. The 80-minute meeting was televised live to outline policies to people to revive the economy.

2. The Gangwon provincial government announced on Thursday that it will repay 205 billion won which is the full amount of the debt guaranteed for Gangwon Jungdo Development Corp. by December 15 this year in a bid to mitigate the effect of the so-called ‘Legoland crisis’.

3. Gunmen opened fire inside a major Shiite holy shrine in Iran on Wednesday, killing at least 15 people and wounding dozens. This happened amid the biggest anti-government movement in over a decade in Iran.

1. South Korea's First Vice Foreign Minister Cho Hyun-dong met with his U.S. and Japanese counterparts, in Tokyo today to discuss ways to deal with North Korea’s evolving threats and the results of China’s 20th Communist Party Congress. 

2. Hyundai Motor Group broke ground on Tuesday on its new 5.54 billion U.S. dollar electric vehicle and battery manufacturing facility in Georgia. This factory will be the company’s first U.S. plant dedicated to electric vehicles. 

3. The Pentagon and the U.S. State Department said Tuesday that Russia has notified the United States about the nation’s plans to conduct its annual exercises of its nuclear forces. U.S. President Joe Biden responded to the warning by saying that it would be a serious mistake for Russia to use a tactical nuclear weapon.

1. South Korean President Yoon Suk Yeol urged lawmakers to swiftly pass his administration’s first budget proposal in a parliamentary speech on Tuesday, calling for bipartisan cooperation to respond to threats from North Korea and aggravating economic conditions.

2. The Bank of Korea said on Tuesday that South Korea’s inflation expectations stood at 4.3% in October, up 0.1%P from the previous month, making the first rebound in three months.

3. Rishi Sunak will be appointed by King Charles III on Tuesday as Britain’s first prime minister of color after winning the race to lead the Conservative party. He will be replacing Liz Truss, who was the shortest-serving prime minister in the country's history.

1. South Korea’s Finance Minister, Choo Kyung-ho,  said on Sunday that the government will inject a minimum of 50 trillion won or 34 billion USD to contain the so-called ‘Legoland crisis’, and avoid a liquidity crunch.

2. According to South Korea’s Joint Chiefs of Staff on Monday, South Korea’s military fired warning shots at a North Korean merchant vessel that crossed the Northern Limit Line at 3:42 AM. North Korea on the other hand, claimed a South Korean warship violated the western sea boundary and it fired 10 artillery shells into the western sea.

3. According to Chinese state-run Xinhua News Agency, Chinese President Xi Jinping secured a historic third term as leader of the Chinese Communist Party after the 20th Communist Party Congress that ended on Sunday.

1. The Chairman of South Korea's Joint Chiefs of Staff, General Kim Seung-kyum, and his American and Japanese counterparts met on Thursday at the Pentagon to discuss the escalating tensions on the Korean Peninsula in recent weeks.

2. South Korea’s Fair Trust Commission said in a press release Friday that it plans to introduce measures to solve the issue of the monopoly in the platform sector. This comes after Kakao Corp. suffered a massive service malfunction on Saturday.

3. UK Prime Minister Liz Truss announced her resignation on Thursday, following a turbulent six weeks in office. This makes her the shortest-serving prime minister in the country's history.