Top headlines in major S. Korean newspapers

South Korean newspapers reported on August 13th featuring the significant gap between the rich and poor, particularly in tax benefits for young people. The Korean-language daily Kyunghyang Shinmun highlighted this issue, emphasizing the deep divide that exists in the country's tax system.

Seoul and Donga Ilbo both reported on the "Seven Major SEED" initiative, unveiled by South Korea, aiming for future growth. This initiative seeks to be a core asset beyond artificial intelligence (AI) according to Lee, who stated it will drive future growth in the nation.

Meanwhile, the Chosun Ilbo and JoongAng Ilbo both reported on Iran's knowledge of Donald Trump's hotel floor during the July NATO summit in Turkey. This revelation came to light, providing insight into the events that took place during the summit.

The unemployment rate for young people in South Korea has reached a record high, according to Hankyoreh. This statistic highlights the recent challenges faced by the younger generation in the job market, with figures showing a significant increase compared to previous years.

DPK party is currently struggling with young voters amid policy backlash, as reported by the Korea Times. The party is facing difficulties in connecting with younger demographics, with numerous criticisms being directed towards their recent policies.

Furthermore, Lee has expressed his support for seven industries that will drive the next wave of growth in South Korea. In an interview with the Korea Herald, he emphasized the importance of these industries in ensuring the nation's continued development and progress.

Lastly, Mirae Asset Securities reported that its Q2 net reached 1.9 trillion won, surpassing the profits of the five major banks. This achievement was also noted by Korea Economic Daily, signifying a strong financial performance for the securities firm.