Plunging won exacerbates inflation woes

Fears of further rises in the prices of goods and services are mounting, amplified by a nearly 8 percent year-to-date unmuted depreciation of Korea’s currency against the U.S. dollar, market watchers said Monday. The weaker currency-oriented spikes in import prices combined with stalled rate cuts by the U.S. Federal Reserve (Fed) are major monetary policy […]

Producer prices up for 6th month in May on high prices of services, utilities

Korea’s producer prices rose for the sixth consecutive month in May, driven in part by the soaring prices of services and utility costs, central bank data showed Friday. The producer price index, a major barometer of consumer inflation, increased 0.1 percent in May from a month earlier, following a 0.3 percent on-month gain the previous […]

Should Korea classify game addiction as a disease?

As Korea looks toward a major revision of its disease classification system, there is a growing debate about whether gaming addiction should be officially categorized as a mental disorder. Rep. Kang Yu-jung of the main opposition Democratic Party of Korea proposed a bill to amend the Statistics Act, Tuesday, aiming to prevent the classification of […]

Prominent N. Korean defector named head of unification council

A prominent North Korean defector was named as the new head of the presidential advisory council on unification, the presidential office said Thursday. President Yoon Suk Yeol has tapped Tae Yong-ho, a former North Korean deputy ambassador to Britain, as the secretary general for the Peaceful Unification Advisory Council, chief of staff Chung Jin-suk said […]

Over 10,000 trainee doctors likely to end up leaving hospitals

Despite monthslong efforts by the medical community and the government for a breakthrough, over 10,000 striking trainee doctors were presumed to leave hospitals as they have decided not to withdraw their resignations, the health ministry said Thursday. More than 90 percent of around 13,000 junior doctors walked off their jobs in February in the form […]

S. Korea, Canada agree to enhance regional security, economic cooperation

Top diplomats of South Korea and Canada held talks Thursday to discuss ways to expand cooperation in regional security, the economy, technology and other areas, Seoul’s foreign ministry said. During the meeting, Foreign Minister Cho Tae-yul and his Canadian counterpart, Melanie Joly, adopted an “action plan” to further develop the comprehensive partnership in broad areas […]

Dubai chocolate, yogurt ice cream and crookies set new dessert trend in Korea

Until recently, “tanghulu,” a Chinese candied fruit snack, and “yanggaeng,” a jelly-like traditional Korean dessert, were the top two choices for those with a sweet tooth in Korea. Tanghulu enthralled social media users with its colorful visuals and exotic allure, prompting numerous people, including Jennie of K-pop girl group BLACKPINK, to post videos of them […]

SK Inc. increases stake in energy, green biz amid SK Group’s restructuring

SK Inc., the holding company of Korea’s SK Group, has increased its stake in energy and green businesses as part of the groupwide restructuring efforts to enhance competitiveness in key sectors, according to the company Friday. At a recent board of directors meeting, SK Inc. approved a planned merger between its two major energy units, […]