South Korea margin debt hits record $23B

South Korea's air force has formally apologized for a 2021 mid-air collision involving two fighter jets. The apology came a day after state auditors released a report concluding the accident was caused by pilots taking selfies and filming during the flight, holding them directly responsible. The incident, which occurred in 2021, resulted in the loss of both aircraft, though the exact model and any casualties were not detailed in the Reuters report. The air force's public acknowledgment follows the critical audit findings that highlighted serious breaches of flight discipline.