political system of South Korea
North Korea claims it tested new command-and-control system in simulated nuclear counterstrike
cnn.com/2024/04/23/asia/north-korea-simulated-nuclear-counterstrike-intl-hnk-ml/
Quick Glance: Kim Leads Rocket Drills for Nuclear Counterattacks
- North Korean leader Kim Jong Un supervised rocket launches simulating nuclear counterattacks.
- The drills showcased the strength of the country's nuclear forces.
- The rockets were described as highly accurate and capable of carrying tactical nuclear warheads.
- The US and South Korea are responding with enhanced military exercises and nuclear deterrence strategies.
Is South Korea’s economic miracle over?: Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on ...
ft.com/content/b34e8bc8-9f78-45c8-a15b-3df9cdfd858f
Quick Glance: The Future of South Korea's Economy: An Analysis
- South Korea's economy is facing challenges as the country strives to adapt its traditional growth model and reduce its reliance on manufacturing.
- A massive investment in chip factories in Yongin aims to strengthen the position of South Korea's semiconductor industry, while economists express concerns about future growth.
- With an aging population and declining productivity, South Korea is at risk of economic challenges as the government clings to proven growth drivers.
- South Korean companies must assert themselves in a changing global economic landscape and increase their innovation capacity to secure future growth.
9 in 10 Koreans say married couples should share assets: survey : Over nine out of 10 Korean adults believe married couples should pool their assets ...
koreatimes.co.kr/www/biz/2024/04/175_373293.html
Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
reuters.com/business/autos-transportation/hyundai-pauses-ads-x-over-brand-safety-issues-2024-04-19/
Bank of Korea chief watching Middle East tensions for FX, growth outlook reviews: South Korea's central bank chief on Friday said odds for any further policy ...
reuters.com/markets/currencies/bank-korea-chief-watching-middle-east-tensions-fx-growth-outlook-reviews-2024-04-19/
South Korea, Romania pledge defence cooperation amid reports of contract in works
reuters.com/world/south-korea-romania-pledge-defence-cooperation-amid-reports-contract-works-2024-04-23/
Political heat prods Japan, South Korea to team up on weak currencies: The success of Japan and South Korea at inserting language voicing concern over their ...
reuters.com/markets/currencies/political-heat-prods-japan-south-korea-team-up-weak-currencies-2024-04-19/
Busan's 1st K-pop high school to open in 2026 : The southeastern port city of Busan will open its first K-pop high school in March 2026 - the first of its ...
koreatimes.co.kr/www/art/2024/04/732_373055.html
Asian finance officials raise ‘serious concerns’ over strong dollar: Emerging-market currencies have been under pressure from shifting US interest rate ...
ft.com/content/63c36478-8cf3-438e-91e2-97a8888773d1
No. of farming households falls below 1 mil. for first time in 2023 : The number of farming households in Korea fell below 1 million for the first time ever in ...
koreatimes.co.kr/www/nation/2024/04/281_372966.html
Why did Yoon's party lose in South Korea's elections and what troubles does he face now?
apnews.com/article/south-korea-election-president-yoon-76d0d61593c9ab85504bcf4b66c2c168
Quick Glance: South Korea’s ‘Luke Skywalker’ Triumphs Against President Yoon
- Former minister Cho Kuk aids in leftwing alliance's electoral victory
- Former justice minister Cho Kuk, convicted on corruption charges, played a pivotal role in the defeat of conservative President Yoon Suk Yeol in parliamentary elections.
- Cho calls for Yoon and PPP leader Han Dong-hoon, both former prosecutors, to be held accountable for abuse of power.
- The leftwing alliance narrowly missed the 200-seat mark that would have allowed them to bypass a presidential veto. Yoon now faces over three years as a lame duck, while the country heads towards more than three years of stagnation.
More younger people willing to have babies: ministry data : A growing number of Koreans in their 20s and 30s are actively considering starting families ...
koreatimes.co.kr/www/nation/2024/04/281_372904.html
Poland receives its first Legwan reconnaissance vehicles from South Korea: Rosomak, a subsidiary of the Polish Armaments Group (PGZ), announced on Tuesday ...
defence-blog.com/poland-receives-first-legwan-reconnaissance-vehicles-from-south-korea/
Kim Jong Un Threatens North Korea's Enemies With 'Death Blow': Kim was pictured inspecting maps and models of South Korea in a pointed message to the U.S. ally.
newsweek.com/north-korea-kim-jong-un-military-university-inspection-war-preparations-1889215
Nearly 30% of foreign laborers in Korea work over 50 hours per week : Nearly three out of 10 foreign employees in Korea worked 50 hours or longer per week last ...
koreatimes.co.kr/www/nation/2024/04/281_372882.html
South Korea's central bank holds rates, battling sticky inflation: South Korea's central bank left interest rates at a 15-year high on Friday as stubborn ...
reuters.com/markets/asia/south-koreas-central-bank-holds-rates-battling-sticky-inflation-2024-04-12/
Political heat prods Japan, South Korea to team up on weak currencies: The success of Japan and South Korea at inserting language voicing concern over their ...
reuters.com/markets/currencies/political-heat-prods-japan-south-korea-team-up-weak-currencies-2024-04-19/
The Looming Crisis in the South China Sea: To Avoid a Conflict With China, America Needs a Clearer Strategy
foreignaffairs.com/united-states/looming-crisis-south-china-sea
Paid articlePaid
Quick Glance: Manila and China: Challenges in the South China Sea
- Tensions are rising between the Philippines and China in the South China Sea, a crucial trade route.
- The dispute revolves around the Second Thomas Shoal, part of the Spratly Islands.
- The resolute stance of the Philippines in the conflict with China has empowered Manila to enhance its national security efforts.
- Manila has effectively utilized the transparency initiative to prompt China to reduce its aggressive stance in the South China Sea.
1,000-won bakeries become popular amid high inflation: Freshly baked bread, cake, pastries and other treats are increasingly sold at the very affordable price of ...
koreatimes.co.kr/www/biz/2024/04/126_372567.html
Quick Glance: Popular Affordable Bakeries in Seoul
- Freshly baked goods like bread, cake, and pastries are increasingly available at an affordable price of 1,000 won ($0.73) at vendor stalls and stores in subway stations in Seoul as living costs rise.
- The 1,000-won bakeries are compared to dollar stores in the US and 100-yen stores in Japan, catering to budget-conscious consumers looking to save money.
- The emergence of 1,000-won bakeries reflects the current frugal mindset of many households facing tight budgets due to ongoing inflation.
- Despite price hikes in baking ingredients such as flour, butter, margarine, eggs, salt, and sugar, the question arises on how such a wide selection can be offered at a low price.
NewJeans Asks U.S. Court for Help Finding YouTuber in Defamation Case: The request by NewJeans is the latest effort by the K-pop industry in its struggle to stem ...
nytimes.com/2024/04/10/arts/music/newjeans-kpop-youtube-defamation-lawsuit.html
Small business owners reel under soaring inflation: Soaring inflation and the subsequent decrease in sales are forcing heavily indebted small business owners in ...
koreatimes.co.kr/www/biz/2024/04/126_373137.html
South Koreans vote for new parliament after economy, corruption dominate campaign
reuters.com/world/asia-pacific/south-koreans-vote-new-parliament-after-economy-corruption-dominate-campaign-2024-04-09/
Korea signs framework agreement to provide Ukraine with economic cooperation funds
koreatimes.co.kr/www/nation/2024/04/120_373114.html
Korean companies expand day care facilities for employees' kids : Samsung, Hyundai Motor, LG, POSCO and other Korean companies are rolling up their sleeves ...
koreatimes.co.kr/www/tech/2024/04/419_372440.html
Quick Glance: Korean Companies Enhance Child Care Support for Employees
- Korean companies like Samsung, Hyundai Motor, LG, POSCO, and others are improving the work environment for parents balancing work and child-rearing.
- In response to the country's declining total fertility rate, these companies are taking steps to address national demographic challenges.
- Samsung has opened and expanded a new daycare center in Suwon to alleviate the childcare burden on employees.
- Other companies like POSCO and LG are also stepping up efforts to provide childcare services for their employees and combat the low birth rate.
South Korea March job growth smallest in more than three years: South Korea's job growth slowed to its lowest in more than three years in March ...
reuters.com/markets/asia/south-korea-march-job-growth-smallest-more-than-three-years-2024-04-11/
Hana Bank wins 2024 Best Bank of Korea award : Hana Bank was named the 2024 Best Bank in Korea as by Global Finance, a financial monthly publication based in the ...
koreatimes.co.kr/www/biz/2024/04/175_372642.html
From the start of former US President Donald Trump's long-awaited hush money trial in New York to Apple losing its position as the world’s top phonemaker to ... Show more
100 Philippine domestic helpers to begin working in Seoul in August : Korea will receive 100 domestic helpers from the Philippines at the end of July for a pilot ...
koreatimes.co.kr/www/nation/2024/04/281_372996.html
Korean currency logs sharpest fall of over 7% in 2024 since global financial crisis
koreatimes.co.kr/www/biz/2024/04/488_373113.html
Opposition-led calls for increased budget raise fiscal soundness concerns : Criticism is mounting against the main opposition party's move to railroad the ...
koreatimes.co.kr/www/biz/2024/04/488_373211.html
HD Hyundai signs $463 million deal to build 4 warships in Peru: HD Hyundai Heavy Industries (HHI) signed a 640.6 billion won ($463 million) contract on Tuesday ...
koreatimes.co.kr/www/tech/2024/04/419_372877.html
Dispute between HYBE, Ador CEO highlights challenges in multi-label system : The conflict between K-pop behemoth HYBE Labels and the CEO of its subsidiary ...
koreatimes.co.kr/www/art/2024/04/732_373281.html
Korea-Poland mega arms deal jeopardized by financial hurdles: Korea Aerospace Industries (KAI) showcased its key aerial platforms at the 2024 International ...
koreatimes.co.kr/www/nation/2024/04/205_373220.html
Foreign population in Korea to reach as high as nearly 7% in 2042 : The number of foreign residents in Korea is projected to increase steadily and their ...
koreatimes.co.kr/www/nation/2024/04/281_372487.html
Fashion brands launch new watchdog to counter Chinese counterfeits : The country's small and- medium-sized enterprises (SMEs) in the fashion industry have ...
koreatimes.co.kr/www/tech/2024/04/419_373136.html
Asian emerging market currencies come under pressure from strong dollar: Indonesia’s central bank supports rupiah as Indian rupee falls to record and Korean won ...
ft.com/content/3a985f06-35b5-4a56-91eb-4595fc71b0ad
No breakthrough in Korea's medical standoff despite gov't concession : The government's latest decision to permit universities to reduce their medical ...
koreatimes.co.kr/www/nation/2024/04/281_373076.html
U.S., Japan, South Korea finance chiefs share concern for weak yen, won: WASHINGTON -- Top finance officials from the U.S., Japan and South Korea expressed ...
asia.nikkei.com/Business/Markets/Currencies/U.S.-Japan-South-Korea-finance-chiefs-share-concern-for-weak-yen-won
Park Choong-kwon: North Korean defector elected in South Korea: A millennial North Korean who used to develop the regime's nuclear missiles is now a South Korean ...
bbc.com/news/articles/c51n8w77z9wo
Retail investors demand repeal of financial investment income tax : The likelihood of slapping taxes on financial investment incomes has increased following the ...
koreatimes.co.kr/www/biz/2024/04/175_373063.html
South Korea finmin vows measures to stabilise market volatility if needed: South Korea's finance minister stepped up warnings on Monday that the government is ...
reuters.com/markets/asia/south-korea-finmin-vows-deploy-measures-stabilise-market-volatility-if-needed-2024-04-14/
Quick Glance: South Korea finance minister pledges measures to stabilize market volatility if necessary
- South Korea's finance minister warns of potential currency volatility and emphasizes the government's readiness to intervene if needed.
- He announced the extension of the fuel consumption tax cut by two months to curb inflation amid rising global geopolitical risks.
- The statements came after Iran's attack on Israel, raising the threat of a broader regional conflict.
- South Korean currency markets opened at 0000 GMT, with the government prepared to take action to address potential market volatility.
Gov't borrows $23.8 bil. in temporary loans from BOK in Q1 : The government borrowed nearly 33 trillion won ($23.8 billion) from the Bank of Korea (BOK) in ...
koreatimes.co.kr/www/biz/2024/04/488_372619.html
Biden vows 'ironclad' defense of Philippines, Japan as China tension mounts - Asia & Pacific - The Jakarta Post
thejakartapost.com/world/2024/04/12/biden-vows-ironclad-defense-of-philippines-japan-as-china-tension-mounts.html
Quick Glance: Biden criticizes Netanyahu's Gaza war approach
- President Joe Biden criticizes Netanyahu for inadequate humanitarian aid in Gaza.
- The U.S. increases pressure on Israel to achieve a ceasefire, straining the long-standing alliance.
- Disagreements over humanitarian aid and offensive plans in Rafah deepen the divide between the two countries.
- Israel slowly ramps up aid, but logistical issues and security concerns complicate deliveries.
HD Hyundai, Hanwha compete to export naval ships to Five Eyes : HD Hyundai Heavy Industries (HHI) and Hanwha Ocean have intensified competition to expand their ...
koreatimes.co.kr/www/tech/2024/04/419_372565.html
South Korean retailer CJ Olive Young offers real-time translators for foreign visitors
straitstimes.com/asia/east-asia/south-korea-s-cj-olive-young-offers-real-time-translators-for-foreign-visitors
Morning Bid: Widening FX worry, South Korea sets rates: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-11/
Korea to invest $2.5 bil. to boost maritime transport capacity: The government will inject an additional 3.5 trillion won ($2.5 billion) into the shipping ...
koreatimes.co.kr/www/tech/2024/04/419_372710.html
High inflation looms in Korea on Middle East conflict, post-election price hikes
koreatimes.co.kr/www/biz/2024/04/488_372716.html
China concerns bring new unity to once-turbulent US-Japan-Philippines relationship ahead of major White House summit
cnn.com/2024/04/08/asia/us-japan-philippines-summit-advance-analysis-intl-hnk/
Authorities on alert over deadly items available on foreign e-commerce platforms
koreatimes.co.kr/www/nation/2024/04/281_372741.html
Exchange rate volatility does not pose 'significant' economic challenges in Korea's case: IMF official
koreatimes.co.kr/www/biz/2024/04/488_373020.html
Stock market today: Asian shares are mixed, taking hot US inflation data in stride
apnews.com/article/stock-markets-inflation-rates-korea-a7fcc70e7ed6db80097a398260164335
Mobile payments surpass card use for first time in Korea : Kim Ye-jin, a 31-year-old office worker, increasingly relies on her cell phone for daily transactions ...
koreatimes.co.kr/www/biz/2024/04/175_372434.html
China's top legislator meets N. Korean leader to deepen ties: China's top legislator Zhao Leji met North Korean leader Kim Jong-un in Pyongyang on Saturday ...
koreatimes.co.kr/www/nation/2024/04/103_372608.html
Presidential medical reform committee left incomplete amid doctors’ boycott: A special presidential committee for medical reform the Yoon Suk Yeol administration ...
koreatimes.co.kr/www/nation/2024/04/119_373299.html
Health care standoff feared to drag on even longer: President Yoon Suk Yeol said Tuesday he humbly accepts the sentiment of voters shown in last week's general ...
koreatimes.co.kr/www/nation/2024/04/119_372815.html
Bank of Korea expected to maintain interest rates amid political shifts, inflation concerns
wionews.com/business-economy/bank-of-korea-expected-to-maintain-interest-rates-amid-political-shifts-inflation-concerns-710061
Legalization of spot bitcoin ETFs to gain steam : Discussions on the launch of spot bitcoin exchange-traded funds (ETFs) are poised to take center stage ...
koreatimes.co.kr/www/biz/2024/04/175_372931.html
South Korea's scandal-plagued opposition leader is election's big winner: SEOUL: The big winner in South Korea's parliamentary election is the country's most ...
channelnewsasia.com/asia/south-korea-elections-lee-jae-myung-parliament-4257311
Top Korean business lobby names ex-energy vice minister as new vice chairman : One of Korea's most influential business lobbies has appointed Park Il-joon ...
koreatimes.co.kr/www/tech/2024/04/419_372643.html
Latest Biden chip deal highlights U.S. semiconductor successes: Samsung is the latest beneficiary of Washington’s efforts to shore up precarious supply chains ...
japantimes.co.jp/business/2024/04/19/tech/us-chips-act-analysis/
Wednesday's elections are paramount for South Korea's President Yoon Suk Yeol, as any hope of passing laws over the rest of his single five-year term depends ... Show more asia.nikkei.com/Politics/South-Korea-s-swing-seats-hold-key-to-power-in-election-showdown
BOK to add 2 economists with global experience to monetary policy committee : Lee Soo-hyung, a professor at the Graduate School of International Studies at Seoul ...
koreatimes.co.kr/www/biz/2024/04/488_373068.html
Rising won-dollar exchange rate threatens corporate earnings: Shares of Korean Air, Asiana Airlines and other low-cost carriers (LCCs) have been hit by a ...
koreatimes.co.kr/www/biz/2024/04/175_372824.html
“Council of War”: Walden Bello on Biden’s Trilateral Summit with Philippines & Japan to Contain China
democracynow.org/2024/4/12/philippines_us
Coupang to increase membership fees by 58%: Coupang has decided to raise the price of its Wow paid membership service to 7,890 won ($5.74) per month ...
koreatimes.co.kr/www/tech/2024/04/419_372576.html
Yoon's med school quota hike plan at crossroads following ruling party's election defeat
koreatimes.co.kr/www/nation/2024/04/119_372572.html
Korea lags behind in tackling gender wage gap despite increase in female workers
koreatimes.co.kr/www/biz/2024/04/126_372383.html
IMF maintains Korea's 2024 economic growth outlook at 2.3% : The International Monetary Fund (IMF) kept its outlook for Korea's economic growth this year ...
koreatimes.co.kr/www/biz/2024/04/126_372844.html
South Korea, Japan signal readiness to respond to excessive FX volatility: SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent ...
asia.nikkei.com/Business/Markets/Currencies/South-Korea-Japan-signal-readiness-to-respond-to-excessive-FX-volatility
Justice minster advised to fully expand inmates' opportunities to make phone calls
koreatimes.co.kr/www/nation/2024/04/281_372396.html
Korea's national debt hits record high in 2023 : Korea's national debt reached a fresh high last year, and the debt-to-gross domestic product (GDP) surpassed ...
koreatimes.co.kr/www/biz/2024/04/488_372474.html
BOK to keep current key rate longer than expected amid sticky inflation: Bank of Korea (BOK) Governor Rhee Chang-yong said Friday that the BOK will sustain its ...
koreatimes.co.kr/www/biz/2024/04/126_372578.html
Accessibility remains a serious human rights issue for millions of disabled people in South Korea, their movement and opportunities limited by insufficient ... Show more www3.nhk.or.jp/nhkworld/en/shows/2022364/
Will HMM relocate headquarters to Busan after general elections? : Calls are growing for HMM, Korea’s largest container shipping company, to relocate its ...
koreatimes.co.kr/www/tech/2024/04/419_372381.html
Japan finance minister says groundwork laid to take appropriate FX action: Japan Finance Minister Shunichi Suzuki said on Tuesday last week's trilateral meeting ...
reuters.com/markets/asia/japan-finance-minister-says-groundwork-laid-take-appropriate-fx-action-2024-04-23/
Samsung boss Lee Jae-yong becomes South Korea’s richest person: Samsung Electronics chairman Lee Jae-yong has topped Forbes' list of South Korea's wealthiest ...
sammobile.com/news/samsung-boss-lee-jae-yong-south-korea-richest-person/
Quick Glance: Samsung Executives: New Work Schedule and Economic Challenges
- Samsung Group is introducing a six-day workweek for executives in response to economic challenges and disappointing results in 2023.
- The sudden change aims to create a sense of urgency and promote efforts to overcome the situation. The new work schedule takes effect immediately in most of Samsung's technology divisions.
- The work culture in South Korea is renowned for its intensity. In 2022, the average worker spent 1,901 hours at work.
- Recent data shows that Samsung has regained the top position in global smartphone shipments. First-quarter 2024 results are expected on April 30.
The Memo: Workweek whiplash: Plus: Elon Musk’s leaked memo to staff.
qz.com/emails/quartz-at-work/1851425283/the-memo-workweek-whiplash
BOK rate cut elusive amid high oil prices, plunging won: The prospect of a key rate cut by the Bank of Korea (BOK) is dimming, clouded by global commodity prices ...
koreatimes.co.kr/www/biz/2024/04/488_373296.html
Korean army may ban iPhones over security issues, use Samsung phones instead: It appears that the South Korean military is considering a comprehensive ban on the ...
sammobile.com/news/korean-army-may-ban-iphones-over-security-issues-use-samsung-phones-instead/
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