- The government decided in today’s cabinet meeting presided over by President Lee that it scrapes the existing investment cap on chaebol within the first half of this year and reduces oil tax by 10 per cent by this May.

- The court dealing with the KEB case said it would wrap up the case within this year. The judge said “it was the case of 2006 and is a very topical one, so we plan to wrap this case up within this year by finishing questioning witnesses by this fall.”