August 15, 2026
Stories from this day
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Economy · 4 min readKOSPI closes at 6,977.94 on August 14, 2026 — up 11.49% in five sessions
Close 6,977.94, up 164.60 points (+2.42%). Intraday high 7,010.86 — the 7,000 line did not hold into the close
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Economy · 4 min readS&P 500 closes at 7,785.76 on August 14, 2026 — sentiment falls to 51
S&P 500 7,785.76 (-0.17%) · Nasdaq 26,729.16 (-0.28%) · Dow 53,732.41 (-0.20%)
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Tech · 4 min readGemini 3.7 Flash costs half the old workhorse price — so does 3.6 Flash
Gemini 3.7 Flash — $0.75 per million input tokens, $3.75 per million output, introductory through December 31, 2026
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Issues · 4 min readGyeongnam drought: reservoirs at 34.1%, under half the seasonal norm
Reservoir level 34.1% against a 71.3% seasonal norm. June and July rainfall came in at 50% and 23% of normal
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World · 4 min readHormuz transits at 3% of pre-war levels — both sides claim they closed it
Hormuz tanker transits — around 3% of the pre-war baseline on a weekly average, with at least one day recording zero
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Sports · 2 min readSon Heung-min's LAFC out of the Leagues Cup — unbeaten and fifth
LAFC 1-1 Querétaro (5-3 on penalties) — one win, two draws, seven points, no defeats
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Issues · 4 min readKorea's youth rent tax credit at 17% — the salary test would go
Current rule: 17% credit below 55m won total salary, 15% between 55m and 80m, on rent up to 10m won a year
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Issues · 4 min readHow Korea grades a drought — three scales, one word 'severe'
Agricultural drought — reservoir level against the seasonal norm: 70% or below attention, 60% caution, 50% alert, 40% severe
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Economy · 4 min readWhat foreign net buying means — and why outlets print different numbers
Net buying = purchases minus sales, measured in value, not trade count, and normally per session
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Tech · 5 min readWhat AI token pricing is — why output costs about 5× input
Billing is per token, with separate input and output rates — output typically costs four to five times input