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China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
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.
Look, no hands! My trip on Seoul's self-driving bus: A technology company has been testing autonomous buses on the streets of the South Korean capital.
bbc.com/news/business-68823705
The US quietly shipped long-range ATACMS missiles to Ukraine: The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its ...
reuters.com/world/us/us-quietly-shipped-long-range-atacms-missiles-ukraine-2024-04-24/
Quick Glance: USA Provides Ukraine with Long-Range ATACMS Missiles
- The USA delivered short-range ATACMS missiles with extended range to Ukraine to protect the country.
- The delivery was discreet, part of an aid package to maintain Ukraine's operational security.
- The USA previously provided ATACMS missiles with a range of 165 km last year, now supplying missiles with up to 300 km range.
- Germany rejects providing the Taurus missile while the USA offers extensive aid to Ukraine.
Why Ador CEO asked shaman about BTS members' military enlistment : K-pop giant HYBE said Thursday it filed a complaint with the police against executives of ...
koreatimes.co.kr/www/art/2024/04/398_373517.html
North Korea accuses US of politicizing human rights issues: North Korea accused the United States on Saturday of politicizing human rights in the East Asian ...
reuters.com/world/north-korea-accuses-us-politicizing-human-rights-issues-2024-04-27/
Quick Glance: North Korea accuses US of politicizing rights concerns
- North Korea accuses the United States of politically instrumentalizing human rights in the East Asian country, condemning it as political provocation and conspiracy.
- Pyongyang criticized Washington for using human rights as a means for invasions and hostile behavior towards North Korea, threatening decisive actions to safeguard its sovereignty and safety.
- An annual report by the US State Department this week highlighted 'significant human rights issues' in North Korea, including arbitrary killings, enforced disappearances, torture, and other cruel treatments by government authorities.
- Additionally, North Korea criticized the US for urging them to cease missile launches and emphasized the continuation of their space reconnaissance mission to enhance the country's security.
North Korea conducts first "nuclear trigger" simulation drills, state media says: North Korea carried out its first nuclear counterattack drills to simulate its ...
reuters.com/world/asia-pacific/north-koreas-kim-guides-nuclear-counterattack-simulation-drills-kcna-says-2024-04-22/
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.
South Korean court hears children's climate change case against government: South Korea's Constitutional Court began hearing on Tuesday a case that accuses the ...
reuters.com/business/environment/south-korean-court-hears-childrens-climate-change-case-against-government-2024-04-23/
Quick Glance: South Korean Court Deliberates Children's Climate Change Lawsuit Against Government
- Environmental activist Choi Jia, alongside her younger sibling Choi Heewoo, participates in a press briefing preceding the initial hearing concerning petitions asserting that the government infringed upon their human rights due to an inadequate approach to climate change.
- A public hearing regarding a lawsuit brought by twenty-four young environmental activists against the government commenced in one of South Korea's top judicial bodies on Tuesday. The plaintiffs argue that the government's negligence in addressing climate change left them unprotected.
- Maintaining that South Korea's current climate strategies fall short in containing the temperature rise to 1.5 degrees Celsius, the plaintiffs claim this breaches the state's duty to safeguard fundamental rights. Scientists caution about the dire consequences of surpassing a 1.5C temperature increase.
- During the legal proceedings, the government asserted its commitment to minimizing carbon emissions and upholding its citizens' basic rights. Nevertheless, activists expressed dissatisfaction with the government's response and urged for more concrete actions against climate change.
North Korea leader Kim Jong Un inspects test-firing of multiple launch rockets, KCNA says
reuters.com/world/asia-pacific/north-korea-leader-kim-jong-un-inspects-test-firing-multiple-launch-rockets-kcna-2024-04-25/
Quick Glance: Kim Jong Un's Rocket Tests and Possible Russian Assistance
- Kim Jong Un oversaw tests for a rocket capable of hitting Seoul in South Korea and potentially aiding Russia in the conflict with Ukraine.
- The 240-millimeter multiple rocket launcher has an estimated range of 40 to 60 kilometers and could enhance the artillery capabilities of the Korean People's Army.
- Experts suggest the rocket could be significant for export, such as to Russia, and useful in the war in Ukraine.
- Despite denials of an arms deal, reports indicate North Korea has been shipping military equipment to Russia, possibly indicating collaboration between the two countries.
South Korean woman conned out of US$50,000 by fake Elon Musk she fell in love with on Instagram
scmp.com/news/asia/east-asia/article/3260197/south-korean-woman-conned-out-us50000-fake-elon-musk-she-fell-love-instagram
Quick Glance: South Korean Woman Falls Victim to $50k Elon Musk Deepfake Scam
- A South Korean woman was convinced to invest 70 million won ($50,770) after watching a fabricated video portraying someone who looked like Elon Musk, the CEO of Tesla, as reported locally on Tuesday.
- Jeong Ji-sun, identified by the pseudonym at KBS, disclosed her experience as a victim of a romance scam on KBS's 'In-Depth 60 Minutes.' During the episode on April 19, Jeong narrated her initial interactions with the scammer posing as Musk.
- Jeong's initial hesitations dissipated swiftly. The scammer forwarded his identification and a workplace photo to Jeong. Moreover, he discussed aspects such as his children and commuting to Tesla or SpaceX via helicopter. He further mentioned his sporadic outreach to fans.
- The program highlighted the prevalent use of AI in these romance scams. The swindler engaged in a form of deception known as 'pig butchering,' as explained by the producer. This approach involves gradually enticing victims to increase their contributions to an apparently legitimate investment before the perpetrator vanishes.
US, South Korea outline visions for cost-sharing on troops, US negotiator says: U.S. and South Korean officials outlined respective visions for a new agreement ...
reuters.com/world/us-south-korea-outline-visions-cost-sharing-troops-us-negotiator-says-2024-04-26/
Quick Glance: US, South Korea Lay Out Plans for Troop Cost-Sharing
- U.S. and South Korean officials outlined their respective proposals for a new agreement regarding cost-sharing for the maintenance of American troops in South Korea in recent discussions and will continue to engage in consultations as needed, according to the chief U.S. negotiator.
- Designated envoys have been appointed to commence early discussions for a forthcoming agreement set to come into effect in 2026.
- Amid Trump's term in office, there were extensive negotiations before Seoul eventually agreed to boost its financial commitment by 13.9% compared to the previous 2019 arrangement, where Seoul annually contributed around $920 million.
- As per the U.S. Government Accountability Office, the U.S. Defense Department allocated approximately $13.4 billion in South Korea between 2016 and 2019 for military salaries, infrastructure development, and upkeep, while South Korea provided $5.8 billion to support the U.S. presence.
South Korea to consult Naver, after report firm faces Japan pressure to divest stake
reuters.com/world/asia-pacific/south-korea-consult-naver-after-report-firm-faces-japan-pressure-divest-stake-2024-04-27/
Quick Glance: South Korea to Consult Naver Amid Japan Pressure Concerns
- South Korea announced plans to consult with Naver following reports of the company facing pressure from Japan to divest stakes.
- The South Korean government emphasizes the need to prevent discriminatory measures against their companies and intends to engage with Japan on the issue.
- The report on Japanese pressure raised concerns in South Korea regarding potential political interference.
- LY Corp received administrative guidance on security governance after a data leak last year affecting over 300,000 personal records.
RM of BTS to release 2nd solo album, 'Right Place, Wrong Person' in May : RM of BTS will release his second solo album 'Right Place, Wrong Person' ...
koreatimes.co.kr/www/art/2024/04/398_373522.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/
South Korea protests Japanese leaders' offerings to Yasukuni shrine: South Korea on Sunday protested Japanese Prime Minister Fumio Kishida's offering to Tokyo's ...
reuters.com/world/asia-pacific/south-korea-protests-japanese-leaders-offerings-yasukuni-shrine-2024-04-21/
Quick Glance: South Korea Objects to Japanese Leaders' Yasukuni Shrine Offerings
- South Korea expressed deep disappointment on Sunday over Japanese Prime Minister Fumio Kishida's offerings at the Yasukuni Shrine and urged Japanese leaders to show repentance for the country's wartime past.
- The shrine is viewed by Beijing and Seoul as a representation of Japan's historical military aggression due to its inclusion of 14 Japanese wartime leaders among the 2.5 million war dead honored there.
- The South Korean government calls on Japanese leaders to confront history and demonstrate sincere repentance, which would be a crucial step towards enhancing relations between the two countries.
- Despite progress in the South Korea-Japan relationship, particularly in security cooperation, the offerings made by Kishida and some cabinet members at the Yasukuni Shrine have sparked protests from South Korea.
Exclusive: South Korea considers easing bond market reporting rules, sources say: South Korea is considering easing real-time reporting requirements for ...
reuters.com/markets/asia/south-korea-considers-easing-bond-market-reporting-rules-sources-say-2024-04-24/
Quick Glance: South Korea Contemplates Easing Bond Market Reporting Rules
- South Korea is considering relaxing reporting requirements for investors in the bond market to facilitate inclusion in FTSE Russell's global bond index.
- Proposed changes may reduce reporting to once or twice daily and address a later reporting deadline.
- Easing these regulations could enhance the prospects of South Korean bonds being included in FTSE Russell's WGBI and attract billions of dollars in capital inflows.
- Recent reforms in South Korea aim to improve foreign investor access, including the elimination of a 30-year-old rule for foreign stock traders.
Billionaire Families Lose Hope for Tax Cut After Korean Vote: Some of the richest people in South Korea may be among the biggest losers from elections last week ...
trib.al/fKQvcMI
Quick Glance: Disappointment for Billionaire Families After Tax Reform Decision in South Korea
- President Yoon Suk Yeol faces setback in plans for inheritance tax reform.
- High inheritance tax in South Korea targets wealthy individuals and chaebols.
- Opposition party gains momentum in advocating for higher taxes on the wealthy.
- Discussions on tax reforms and their implications on businesses and the economy.
Seoul studies $99K cash incentive for each child born: If implemented, it would be South Korea's most generous baby incentive ever.
straitstimes.com/asia/east-asia/seoul-studies-99k-cash-incentive-for-each-child-born
North Korea, Belarus deputy foreign ministers agree to strengthen ties
reuters.com/world/north-korea-belarus-deputy-foreign-ministers-agree-strengthen-ties-2024-04-18/
Quick Glance: North Korea, Belarus strengthen ties
- North Korean officials met with a delegation from Belarus to deepen cooperation and criticized the U.S. for attempting to increase 'lawless' sanctions pressure.
- During the discussions, Belarus' Deputy Foreign Minister Evgeny Shestakov and his North Korean counterpart Lim Chun Il discussed bilateral cooperation in various sectors and mutual support on the global stage.
- Kim Son Gyong, vice minister for International Organizations of the DPRK Foreign Ministry, criticized Linda Thomas-Greenfield, the U.S. ambassador to the United Nations, for her trip to South Korea and Japan, labeling the UN sanctions against the country as 'lawless'.
- In contrast, Russia has opposed the annual renewal of the multinational panel of experts that has monitored the implementation of UN sanctions aimed at curbing North Korea's nuclear and missile programs over the past 15 years.
Paraguay to teach Korean as second foreign language to middle, high schoolers : Middle and high school students in Paraguay will be able to learn Korean as a ...
koreatimes.co.kr/www/culture/2024/04/517_373032.html
US and Asia allies push for new panel to monitor North Korea sanctions: The U.S., South Korea and Japan are pushing for a new multi-national panel of experts ...
reut.rs/49zEKrK
Weapons tested only on Friday: North Korea apparently fires missile again: Just a few days ago, North Korea said it tested a warhead for a cruise missile and ...
n-tv.de/politik/Nordkorea-feuert-offenbar-erneut-Rakete-ab-article24891028.html
It Is High Time to Engage North Korea: The alternative is to do nothing and drift into an even more serious crisis as North Korea further builds up its nuclear ...
thediplomat.com/2024/04/it-is-high-time-to-engage-north-korea/
How US allies are preparing for a possible second Trump term - Asia & Pacific - The Jakarta Post
thejakartapost.com/world/2024/04/25/how-us-allies-are-preparing-for-a-possible-second-trump-term.html
South Korean sentenced to 14 months in jail for killing 76 cats: SEOUL: A South Korean man has been sentenced to 14 months in prison for killing 76 cats in one ...
channelnewsasia.com/asia/south-korean-man-sentenced-14-months-jail-killing-76-cats-4285821
South Korea's Prime Minister Han Duck-soo said the government will adjust its healthcare reform plans to let medical schools determine their own admissions ...
reut.rs/3vX23Ou
Quick Glance: South Korea adjusts medical school quotas to resolve walkout
- Government to let medical schools determine admissions to end junior doctor strike.
- Acceptance of proposal to reduce increase in medical school admissions by up to 50%.
- Dispute over adding 2000 more physicians by 2035, with 32 medical schools allowed to lower quotas for 2022.
- President Yoon advocates for more doctors, while protesting physicians demand better working conditions and criticize government's approach.
Seoul's annual spring festival, Seoul Festa, to kick off next week : Seoul Festa, an annual spring festival organized by the Seoul city government ...
koreatimes.co.kr/www/culture/2024/04/262_373185.html
4th Siberian tiger dies in 12 months at Seoul Grand Park zoo: Taebaek, a six-year-old male Siberian tiger beloved by visitors to Seoul Grand Park's zoo ...
koreatimes.co.kr/www/nation/2024/04/371_373280.html
North Korea fires unidentified missile into sea in latest weapons launch, South Korea says
go.france24.com/Rio
LIVE: US ambassador to UN holds a news conference in Seoul: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1vOxwjAeBEvJB
South Korean Youth Activists Take Government to Court over Climate Crisis: In South Korea, a court heard from youth climate activists and their families ...
democracynow.org/2024/4/23/headlines/south_korean_youth_activists_take_government_to_court_over_climate_crisis
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/
Police operation: Store opening of Berlin brand 032c in Seoul calls for law enforcement officers
berliner-zeitung.de/stil-individualitaet/polizei-einsatz-store-opening-von-berliner-marke-032c-in-seoul-ruft-ordnungshueter-auf-den-plan-li.2209134
Retired Indonesian diplomat embarks on journey as artist in Korea : Nuradi Noeri, 60, a retired Indonesian diplomat, is now in Korea passionately pursuing his ...
koreatimes.co.kr/www/culture/2024/04/262_373225.html
Park Bo-ram laid to rest as music community pays emotional tribute : The music industry bid a farewell to singer Park Bo-ram, who passed away recently ...
koreatimes.co.kr/www/art/2024/04/398_373041.html
South Korea to take decisive action if needed to stabilise FX market: South Korea's finance ministry said on Friday that authorities would take immediate and ...
reuters.com/markets/asia/south-korea-finmin-take-immediate-decisive-response-fx-volatility-2024-04-19/
South Korea and U.S. hold largest combined air force drills : KUNSAN AIR BASE, South Korea -- U.S. and South Korean F-35 fighter jets emit an ear-splitting ...
asia.nikkei.com/Politics/Defense/South-Korea-and-U.S.-hold-largest-combined-air-force-drills
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Seoul to provide 170 home-like elderly care facilities by 2030 : The Seoul city government said Thursday it will provide 170 home-like elderly care facilities by ...
koreatimes.co.kr/www/nation/2024/04/281_373472.html
CJ Olive Young to open new K-beauty base in Hongdae : CJ Olive Young is opening its seventh store in the Hongik University area, a popular arts and entertainment ...
koreatimes.co.kr/www/tech/2024/04/419_373479.html
Pro gamers need language ability and integrity, not just skills : A classroom in Gwanak District, Seoul, buzzed with the energy of young gamers on Thursday with ...
koreatimes.co.kr/www/sports/2024/04/600_373231.html
North Korea’s Kim says ‘now is time to be prepared for war’: State media: Kim Jong Un threatens ‘the enemy’ will be dealt with a ‘death blow’ in case of an armed ...
aljazeera.com/news/2024/4/11/north-koreas-kim-says-now-is-time-to-be-prepared-for-war-state-media
US Says Russia’s Arms Trade With North Korea Violates Sanctions: The US ambassador to the United Nations said Russia’s arms trade with North Korea breaches ...
bloomberg.com/news/articles/2024-04-17/us-says-russia-s-arms-trade-with-north-korea-violates-sanctions
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South Koreans sue government over climate change, saying it's violating human rights
npr.org/2024/04/24/1246784475/south-korea-lawsuit-government-climate-change-violating-human-rights
Korean Lithium Refiner Ecopro Cuts Output on Weakening EV Demand: South Korean metals refiner Ecopro Innovation Co. has cut production of lithium hydroxide used ...
bloomberg.com/news/articles/2024-04-22/korean-lithium-refiner-ecopro-cuts-output-on-weakening-ev-demand
Nodeul Island set to become global culture spot offering diverse performances : Nodeul Island in the middle of the Han River in central Seoul is set to undergo a ...
koreatimes.co.kr/www/nation/2024/04/281_372783.html
North Korea tests 'super-large warhead': state media: North Korea has tested a "super-large warhead" designed for a strategic cruise missile ...
rte.ie/news/world/2024/0420/1444652-north-korea/
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.
South Korea: Is this K-drama? No, it's election night: TV networks roll out animation sequences inspired by pop culture to vie for viewership on election night.
bbc.com/news/articles/c99zjll5nwzo
Quick Glance: 'Politics That Fail': South Korea's Youth Disillusioned with Government
- Outnumbered by older voters and under-represented in parliament, South Korea's young say the political system is failing them, urging them to vote in Wednesday's election.
- The election to select the National Assembly's 300 lawmakers will mark the first time in South Korean history where voters aged 60 and older will outnumber those in their twenties and thirties.
- Politics is predominantly controlled by older men, with male MPs above 50 comprising over 75 percent of the current National Assembly. Only 5.6 percent of candidates for Wednesday's election are under 40.
- Experts attribute the low voter turnout among young people to growing dissatisfaction, as the younger generation in South Korea faces tough competition in education, limited job prospects, and exorbitant housing costs. Suicide is a prevalent cause of death for Koreans aged 10 to 39.
[INTERVIEW] Yun Seoul chef's passion for ingredients elevates noodle mastery
koreatimes.co.kr/www/culture/2024/04/141_372590.html
Snap Insight: Israel and Iran are now fighting a slow-motion war: For years, Iran and Israel have engaged in tit-for-tat strikes against each other ...
channelnewsasia.com/commentary/iran-first-direct-attack-israel-drones-missile-hamas-war-snap-insight-4264356
Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
Samsung workers threaten biggest ever union action: Tech Latest by Nikkei Asia brings you the newest updates from Asia's technology industry ...
asia.nikkei.com/Spotlight/Podcast/Podcast-News-Roundup/Samsung-workers-threaten-biggest-ever-union-action
Father of Korean life science research dies at 88 : He graduated from the College of Liberal Arts and Natural Sciences at Seoul National University in 1960 and ...
koreatimes.co.kr/www/nation/2024/04/119_373142.html
South Korean Court Hears First Asian Youth Climate Case: "Carbon emission reduction keeps getting pushed back as if it is homework that can be done later ...
commondreams.org/news/south-korea-climate-lawsuit
Toward a China-checking Asian NATO: Last week’s US-Japan alliance bilateral summit between President Joe Biden and Prime Minister Kishida Fumio not only launched ...
asiatimes.com/2024/04/toward-a-china-checking-asian-nato/
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
en.yna.co.kr/view/AEN20240418007600315
Food products top most purchased item online, surpassing fashion items : Food products topped the list of items bought by consumers in Seoul through online ...
koreatimes.co.kr/www/biz/2024/04/488_373359.html
Small business owners suffer from part-timers' unanticipated absences: Park Jin-yeon, a 34-year-old restaurat owner who runs a pork barbecue grill house in ...
koreatimes.co.kr/www/tech/2024/04/419_372378.html
Quick Glance: Small Business Owners Struggle with Part-Timers' Unexpected Absences
- Park Jin-yeon, a 34-year-old restaurant owner, juggles various tasks, including serving dishes and grilling meat for guests during business hours.
- A study revealed that three out of every four small business owners in the country are faced with no-shows by employees who were either already hired or in the hiring process.
- A significant number of entrepreneurs express concerns about potential no-shows by part-timers and are seeking job seekers who can make themselves available either instantly or on short notice.
- Many small business owners have difficulty finding timely replacements for unexpected absences, whether due to resignations without prior notice or new employees not showing up.
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
Seoul's annual Space-Out Competition returns in May : Seoul City’s annual Space-Out Competition will return at 4 p.m. on May 12 on Jamsu Bridge over the Han ...
koreatimes.co.kr/www/nation/2024/04/281_373541.html
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.
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
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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.
North Korea releases song praising leader Kim as 'friendly father' | Reuters: North Korea has released a new song praising leader Kim Jong Un for being a
reuters.com/world/asia-pacific/north-korea-releases-song-praising-leader-kim-friendly-father-2024-04-19/
Quick Glance: New Song from North Korea Honors Kim Jong Un as 'Friendly Father'
- North Korea praises leader Kim Jong Un as a 'friendly father' and 'great leader' in a new song, part of a propaganda campaign to boost his image in the reclusive state.
- The music video for the song was broadcast on Wednesday on state-controlled Korean Central Television, showcasing North Koreans from various backgrounds enthusiastically singing lines like 'Let’s sing, Kim Jong Un the great leader' and 'Let’s brag about Kim Jong Un, a friendly father.'
- Moreover, a live performance of the song with orchestral accompaniment and in the presence of Kim was televised as part of a ceremony to mark the completion of constructing 10,000 new homes.
- The release of the cheerful song titled 'Friendly Father' coincides with recent changes by North Korean state media to the name of a holiday, sparking speculation that this move is aimed at consolidating Kim’s position.
China hosts foreign naval officials amid South China Sea tensions: QINGDAO, Shandong: The Chinese Navy on Sunday (Apr 21) kicked off a biennial meeting of top ...
channelnewsasia.com/asia/south-china-sea-navy-meeting-qingdao-military-4280861
South Korea opposition set to win election: The Democratic Party and its smaller ally are on course to strengthen their hold on parliament.
bbc.com/news/world-asia-68785969
Awarding-winning Korean literary gems on show at COEX: An array of award-winning Korean literary gems, from a novel recounting the horrors of Jeju Island’s 1948 ...
koreatimes.co.kr/www/culture/2024/04/142_373499.html
Over 80% of people filing bankruptcy in Seoul in their 50s and older : More than 8 out of 10 people who filed for bankruptcy in Seoul last year were in their 50s ...
koreatimes.co.kr/www/nation/2024/04/281_373332.html
How South Korea election may reshape Yoon's policy agenda
reut.rs/3VTyQP2
Quick Glance: Challenges for South Korea's Yoon After Election Defeat
- Following his conservative party’s devastating loss in this week's parliamentary elections, South Korean President Yoon Suk-yeol is facing significant setbacks in expanding the country's role within emerging US-led regional blocs aimed at countering a confident China, according to analysts.
- Yoon's ruling People Power Party secured 108 seats, trailing far behind the liberal Democratic Party of Korea, which obtained a comfortable majority with 175 seats in the 300-member parliament. Voter participation reached 67 per cent, marking a multi-decade high.
- Despite these challenges, it is anticipated that Yoon will continue his diplomatic approach and strengthen ties with the US and Japan given North Korea's nuclear threats and China's increasing influence.
- Some critics have called for a more balanced approach between South Korea's traditional allies and China, accusing Yoon of needlessly provoking the country's primary trading partner and inadvertently pushing Pyongyang further into Beijing's sphere of influence.
South Korea elections 2024: Voting begins for new parliament: The elections are widely seen as a midterm referendum on President Yoon Suk Yeol’s administration.
bbc.com/news/articles/c3gj9xdl29yo
White House says it’s very concerned by China’s actions in the South China Sea ahead of key trilateral meeting
cnn.com/2024/04/11/politics/us-japan-philippines-trilateral-meeting/
Quick Glance: Biden emphasizes US support for Philippines and Japan
- President Joe Biden reinforced the unwavering U.S. defense commitment to Pacific allies.
- The Philippines and China have faced repeated confrontations in the disputed South China Sea.
- The White House highlighted the significance of the first-ever trilateral summit with Japan and the Philippines as a response to China's attempts at "intimidation".
- The United States, the United Kingdom, and Japan announced joint military exercises in the Indo-Pacific for 2025.
Latvian ambassador reflects on 20th anniversary of EU, NATO membership : Latvian Ambassador to Korea Aris Vigants said the Baltic nation's strategic decision to ...
koreatimes.co.kr/www/nation/2024/04/120_373490.html
Elon Musk impersonator tells Korean woman he loves her, dupes her of $50,000
deccanherald.com/world/elon-musk-impersonator-tells-korean-woman-he-loves-her-dupes-her-of-50000-2996137
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/
How general elections will affect South Korea's foreign policy : The opposition bloc's landslide victory in the April 10 general elections is cornering ...
koreatimes.co.kr/www/nation/2024/04/120_373047.html
Quick Glance: South Korean President's Challenging Future Ahead
- South Korea's parliamentary election on April 10, 2024, served as a referendum on President Yoon Suk Yeol's initial two years in office.
- The opposition Democratic Party maintained its majority in the National Assembly with 175 seats, while the ruling PPP faced a setback.
- The election results will impact Yoon's domestic and foreign agendas due to facing a divided government and increased scrutiny from opposition parties.
- Opposition parties will likely demand diplomatic achievements from the Yoon government in the next three years, scrutinizing the effectiveness of his foreign policy.
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
US envoy to UN to visit Korean border, North Korean defectors: The U.S. ambassador to the United Nations will travel to the heavily armed Korean border and meet ...
reut.rs/3JbEXGL
Man assaults Konkuk University's beloved goose : 'Kongoose,' the beloved mascot of Konkuk University in Gwangjin District, Seoul, became the victim of ...
koreatimes.co.kr/www/culture/2024/04/135_372837.html
Proportion of Korean-style lease drops in home rental market: The proportion of 'jeonse,' Korea's distinctive housing lease system, reached a record low during ...
koreatimes.co.kr/www/biz/2024/04/488_373382.html
US nods to 'serious' Japan, S.Korea concerns over slumping currencies: The United States, Japan and South Korea agreed to "consult closely" on foreign exchange ...
reut.rs/3Q5HPsF
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