Chuseok

South Korean President Lee Jae-myung addressed the United Nations, with the appearance falling during the Chuseok harvest festival holiday. The overlap of a major presidential diplomatic moment with Korea's most important traditional holiday has drawn attention at home, as many Koreans marked the festival while following news of the president's speech on the international stage.

South Korea's housing market enters its fall selling season after the Chuseok holiday, with around 38,000 apartment units scheduled to be put up for sale nationwide in October. The influx makes this one of the busier supply months, and buyers and industry watchers are weighing how the large volume of new stock could affect prices and demand in major urban areas.