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1. Former special counsel Park Young-soo attended a court hearing on Thursday to determine whether to issue an arrest warrant for him over corruption allegations connected to a high-profile property development scandal.

2. Global financial stocks slumped on Wednesday, while U.S. 10 year Treasury yields ticked up, after Fitch Ratings downgraded the United States’ credit rating one notch from AAA to AA+ on Tuesday.

3. South Korea’s weather agency said Thursday that high temperatures climbed to 33 to 38 degrees Celsius nationwide. Lawmakers from both main parties called on the government to seek safety measures for participants at the 25th World Scout Jamboree.