Month: April 2024

Opposition-led calls for increased budget raise fiscal soundness concerns

Criticism is mounting against the main opposition party’s move to railroad the provision of blanket per capita cash handouts of 250,000 won ($185) across the country.Rep. Lee Jae-myung, leader of the Democratic Party of Korea (DPK), says the plan with a cost of 13 trillion won would “revitalize the economy,” pressuring President Yoon Suk Yeol […]

Young Koreans ditch SMEs, prefer conglomerates

Young Koreans are increasingly shunning working for small and medium-sized enterprises (SMEs) despite the falling employment rate of young people that inched down 0.3 percentage points year-on-year to 45.9 percent in March.According to the Korean Statistical Information Service data provided by Statistics Korea, the number of workers in their 20s and 30s working for SMEs […]

Seoul Festa 2024 to kick off this May, attracting global visitors

Seoul Festa 2024, an event where participants can enjoy and experience the beauty, tastes and excitement of the capital city, is scheduled to kick off on May 1.The Seoul Metropolitan Government announced, Monday, that the festival will take place in two locations in the city center — Seoul Plaza and Gwanghwamun Square — and will […]

Mastermind behind virtual band PLAVE attributes success to humanism

In the dynamic world of K-pop, PLAVE has emerged as a trailblazer with its five virtual members.Leading the charge is Lee Sung-gu, the CEO of VLAST Entertainment, who recently unveiled the group’s unlikely secret to success: what he calls the “humanism” ingrained in each member, offering a unique twist on the traditional non-human group concept.While […]

Design Zoo featuring animal-themed events to be held at DDP

The Dongdaemun Design Plaza (DDP) in Seoul is set to host an extraordinary zoo-themed event, completely devoid of real animals, from May 3 to 6.The Seoul Design Foundation announced, Monday, its plans for the Design Zoo as part of an event celebrating the 10th anniversary of the opening of DDP. This unique zoo-themed event, timed […]

Government’s flip-flopping on med school quota hike confuses students

Students preparing for medical school admissions are complaining about the government’s latest decision to allow schools to decrease the size of enrollment expansion by the hundreds, creating confusion for them at a time when the application period for early admissions is now less than five months away.Interest in entering medical schools has been growing since […]

Turkish officer honored for heroic sacrifice during Korean War

Mehmet Gonenc, a Turkish artillery officer, was remembered for his heroic sacrifice during the Korean War, where he displayed extraordinary bravery in the face of enemy occupation.Gonenc’s actions from April 22 to 23, 1951, exemplify the courage and dedication of Turkish soldiers in defending their positions against overwhelming odds.According to firsthand accounts, Gonenc, serving in […]

Producer prices up for 4th month in March on high prices of farm, industrial goods

Korea’s producer prices rose for the fourth consecutive month in March, driven in part by soaring prices of agricultural goods and industrial goods, central bank data showed Tuesday.The producer price index, a major barometer of consumer inflation, increased 0.2 percent in March from a month earlier, following 0.3 percent and 0.5 percent on-month gains, respectively, […]

Korea-Poland mega arms deal jeopardized by financial hurdles

Defense officials from Korea and Poland met in Seoul, Monday, amid mounting concerns that lingering financial hurdles could hamper a second major arms contract between the two nations.Seok Jong-geun, head of Korea’s Defense Acquisition Program Administration (DAPA), held talks with Polish Vice Defense Minister Paweł Bejda, Marcin Kulasek, vice minister of state assets, and Dariusz […]

Yoon appoints ex-deputy Assembly speaker as chief of staff

President Yoon Suk Yeol appointed former National Assembly Deputy Speaker Chung Jin-suk of the ruling People Power Party (PPP) as his new chief of staff, Monday, seeking to leverage the political expertise of the five-term lawmaker against the current backdrop of the opposition bloc controlling parliament.While he expects the seasoned politician to help improve his […]