- Samsung record 5 trillion won operating profit in Q2 on $31 billion in sales (WSJ, Yonhap, Korea Herald, Joongang Daily)
- President Lee Myungbak accepts Prime Minister's resignation (Yonhap, Korea Times)
- Blue House announces organizational cabinet changes, as PM quits (Yonhap, Korea Times, Korea Herald)
- More power to be designated for PM (Donga Ilbo)
- North Korea warns of "do-or-die" struggle if UN Security Council adopts statement of condemnation over Chonan sinking ()
- Beijing reportedly stalling efforts against Pyongyang (WSJ)
- Boeing seeks to export stealthy F-15 to South Korea (Reuters)
- US President Obama says KORUS FTA would expand exports by $10 to $11 billion per year and create 70,000 jobs; announces plans to double exports within five years (Reuters)
- Obama urges level playing field with China (Reuters)
- Seoul approves 270 billion won IPO for Hyundai Shopping (Reuters)
- Report puts mobile Internet usage in US far lower than in South Korea and Japan (AP via WaPo)
- South Korea begins search for national team coach; vows to hire South Korean (, )
- National record-holding pole vaulter Lim Eunji banned for three months after doping tests (, Yonhap)
- North Korean national team player defects after evading DPRK handlers disguised as Ghana player's backpack (ESPN)
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