K-News Bulletin
92 episodes - English - Latest episode: about 3 years ago -Korea's biggest headline news of the day, written by staff reporters of the Korea JoongAng Daily and delivered in under five minutes every day. The K-News Bulletin is the daily podcast of the Korea JoongAng Daily, which is published in association with the New York Times. To read more of our articles, visit: koreajoongangdaily.com
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Episodes
13.July.2021: No tip required: Robots deliver to your door
July 13, 2021 01:00 - 2 minutes - 1.93 MBBaedal Minjok, Korea's largest food delivery app, started a robot delivery service in three apartment buildings in Yeongdeungpo District, western Seoul. For lucky residents, their meals will be delivered by Dilly Tower, a 1.08-meter tall robot with a face like an excited emoji. Woowa Brothers, which runs Baedal Minjok, said Monday that Dilly Tower had started deliveries to almost 300 residents in Yeongdeungpo. One Dilly Tower is on duty in each of the three buildings, and they oper...
12.July.2021: SsangYong Motor puts factory on the block
July 11, 2021 15:00 - 2 minutes - 1.64 MBSsangYong Motor, the debt-laden automaker in court receivership, is selling its Pyeongtaek factory, its only facility for auto assembly. The company has been making cars there for 42 years. Both the land and the factory are being unloaded, according to an announcement Sunday by the troubled automaker and the city of Pyeongtaek, Gyeonggi. Full Article: https://koreajoongangdaily.joins.com/2021/07/11/business/industry/ssangyong-motor/20210711180116792.html
09.July.2021: Nuclear research institute hacked by North for 12 days
July 08, 2021 15:00 - 3 minutes - 2.59 MBSouth Korea's main nuclear research institute was reportedly exposed for over 12 days to hacking attacks probably by North Korea, but no important data was leaked, according to a parliamentary intelligence committee member on Thursday. People Power Party (PPP) lawmaker Ha Tae-keung, a member of the parliamentary intelligence committee, told reporters on Thursday, “A probe is underway after the Korea Atomic Energy Research Institute filed a damage report on June 1. It was possibly exposed t...
08.July.2021: Samsung Electronics reports strong second quarter
July 07, 2021 15:00 - 2 minutes - 2.09 MBSamsung Electronics provisionally reported a 12.5 trillion won ($11.0 billion) operating profit in the second quarter, up 53.4 percent on year, on strong demand for computer chips. It is a record for the company for a second quarter and higher than expectations. Analysts forecast second-quarter operating profit at 10.9 trillion won, according to FnGuide. Full Article: https://koreajoongangdaily.joins.com/2021/07/07/business/industry/Samsung-Electronics-Q2/20210707113400375.html
07.July.2021: Killer rains cut paths through southern regions
July 07, 2021 00:00 - 3 minutes - 2.14 MBTorrential rain in the southern regions led to floods and landslides that killed at least two people Tuesday. Following some 201.5 millimeters (7.9 inches) of rainfall in Gwangyang, South Jeolla, from Monday to Tuesday morning, a landslide around 6:04 a.m. in a mountainous area of the city tore through two homes and a warehouse, killing an 82-year-old woman, police said. There were reports earlier Tuesday that the woman was alive, because when the Fire Department called her cellphone, th...
06.June.2021: Samsung Electronics could be hit by OECD tax plan
July 06, 2021 00:00 - 4 minutes - 2.82 MBKorea has signed on to the global tax plan designed to rein in the tech companies and get them to pay their fair share. It is also trying to make sure its major companies don’t get caught up in the rush to tax. “We will respond thoroughly from the point of national interest,” said Finance Minister Hong Nam-ki on Monday. In total, 130 countries have agreed in principle to the Organization for Economic Cooperation and Development-led agreement that will seek to tax multinational companie...
05.July.2021: Back to masking in Seoul as Covid cases spike
July 05, 2021 00:00 - 6 minutes - 4.46 MBFacemasks will remain mandatory in the greater Seoul area — even for vaccinated people — due to a recent surge in virus cases. In addition, drinking will be banned outdoors after 10 p.m. in parks and riversides in Seoul, Incheon and Gyeonggi. A planned relaxation of measures has been called off as health authorities deal with a spike in new Covid cases. Full Article: https://koreajoongangdaily.joins.com/2021/07/04/national/socialAffairs/Covid19-masks-vaccination/20210704181500783.html
02.July.2021: Presidential secretary Lee indicted in travel ban case
July 01, 2021 15:00 - 3 minutes - 2.43 MBPresident Moon Jae-in's secretary for civil affairs was indicted Thursday for abuse of power for allegedly masterminding a travel ban on a top official from the previous administration. The Suwon District Prosecutors’ Office’s Criminal Department III indicted Presidential Secretary for Civil Affairs Lee Kwang-cheol, a key member of the Blue House inner circle, for arranging an illegal travel ban on former Vice Minister of Justice Kim Hak-eui in 2019. The indictment was filed with the Seo...
30.June.2021: Next extra budget will be 33 trillion won
June 29, 2021 23:00 - 3 minutes - 2.16 MBThe government and ruling party agreed on a 33-trillion-won ($29 billion) supplementary budget, the sixth since the start of the pandemic and second this year, but the Democratic Party failed to get relief grants for all. Emergency relief grants will be given to all households except those in the top 20 percent income bracket. Including the emergency grants, nearly half of the supplementary budget -- or between 15 and 16 trillion won -- will be Covid-19-related stimulative spending. That...
29.June.2021: BAI head quits, possibly to run for president
June 28, 2021 15:00 - 4 minutes - 3.07 MBChoe Jae-hyeong, head of the Board of Audit and Inspection [BAI], tendered his resignation amid speculation that he will run for president. "I concluded that it is inappropriate for me to continue serving as the chairman of the Board of Audit and Inspection amid growing speculations about my fate," Choe told reporters on his way to the office Monday morning. "I, therefore, expressed my intention to step down to the president." President Moon Jae-in appointed Choe, a 64-year-old former ju...
28.June.2021: Only a few days left until social restrictions are lightened
June 27, 2021 15:00 - 4 minutes - 2.98 MBStarting July 1, the Seoul metropolitan area will allow private meetings of up to six people and restaurants and bars to stay open until midnight. Most other regions will allow gatherings of up to eight people and will have no limits on businesses hours. Limits on gatherings for all regions are set to gradually be expanded after a two-week trial. Prime Minister Kim Boo-kyum announced Sunday that the capital area will be under Level 2 of the revamped four-tier scheme, while the other area...
25.June.2021: Back to college with glee and trepidation
June 24, 2021 15:00 - 3 minutes - 2.25 MBUniversities in Korea will resume in-person classes from the upcoming fall semester, starting with small classes, laboratory courses and other kinds of instruction requiring hands-on teaching. Education Minister Yoo Eun-hye announced Thursday a phased plan to enable college students to return to classrooms full-time from the fall semester of the 2021 school year. This comes after the Education Ministry’s recent announcement of the reopening of kindergartens, elementary, middle and high sc...
24.June.2021: Chance of Moon going to Tokyo Olympics falls to zero
June 23, 2021 15:00 - 3 minutes - 2.7 MBThere is an "almost zero" chance that President Moon Jae-in will travel to Japan for the Olympics, government sources told the JoongAng Ilbo on Wednesday. Culture and Sports Minister Hwang Hee will go instead. “We have finalized a plan that Minister Hwang will attend the opening ceremony [on July 23],” a high-ranking government official told the JoongAng Ilbo in a phone conversation. “For now, there is almost zero possibility that Moon will attend the opening event.” The source said th...
26.June.2021: BOK warns of vulnerabilities, signaling rise in rates
June 23, 2021 07:00 - 3 minutes - 2.18 MBThe Bank of Korea (BOK) warned of growing vulnerability to the financial system from mounting household debt, probably signaling a raise in interest rates. The central bank said in a regular financial stability report released Tuesday that should an unexpected economic crisis takes place, the country's gross domestic product (GDP) could contract by as much as 2.2 percent. According to the report, the ratio of household and company debt to GDP hit a record 216.3 percent in the first quart...
22.June.2021: Documents on South's naval vessels hacked
June 21, 2021 15:00 - 3 minutes - 2.17 MBHackers connected to North Korea stole information about Navy vessels and submarines designed and built by Daewoo Shipbuilding & Marine Engineering, possibly including research for a domestically designed nuclear-powered submarine, according to multiple government sources on Sunday. “The targeted documents include long-running conceptual research into the development of nuclear-powered submarines that was conducted by Daewoo Shipbuilding,” said one source at the technology protection divis...
21.June.2021: Remains found of firefighter killed in Coupang blaze
June 20, 2021 15:00 - 3 minutes - 2.59 MBThe remains of a 52-year-old firefighter trapped in Coupang’s blazing warehouse in Icheon, Gyeonggi, on Thursday were found Saturday. What appeared to be the remains of firefighter Kim Dong-shik were found in the basement of Coupang’s four-story warehouse at 10:49 a.m. on Saturday – two days after the fire that appears to have been sparked by a power outlet in the basement early Thursday morning. Kim's remains were discovered 50 meters from the entrance to the basement. Full Article: ht...
18.June.2021: Inoculations widen to people in their 50s in July
June 17, 2021 15:00 - 4 minutes - 3.24 MBStarting in July, all adults in their 50s, school teachers and high school seniors will be eligible for their first Covid-19 shots, which will be expanded to everyone over 17 from August. The Covid-19 Vaccination Task Force announced its vaccination plan for the third quarter on Thursday with the aim of inoculating a total of 36 million people, or 70 percent of Korea’s population, by the end of September. In the first three weeks of July, the government will first offer jabs to around 27...
17.June.2021: With young leader, PPP gets popular with youth
June 16, 2021 15:00 - 4 minutes - 2.79 MBThe People Power Party (PPP), considered not long ago as a cemetery for political dinosaurs, is being inundated with membership applications after it elected 36-year-old Lee Jun-seok as its new chairman. Many of the new members are in their 20s and 30s. “Because there are so many applicants, the online server crashed twice,” a PPP worker told JTBC. Full Article: https://koreajoongangdaily.joins.com/2021/06/16/national/politics/Lee-Junseok-People-Power-Party/20210616174900287.html
16.June.2021: Samsung lands 5G contract with Vodafone
June 15, 2021 15:00 - 3 minutes - 2.7 MBSamsung Electronics signed a contract with UK telecom operator Vodafone to sell 5G equipment -- its first 5G cellular network deal in Europe. That market was dominated for years by China’s Huawei and European vendors like Nokia and Ericsson. Washington’s sanctions on Huawei forced many countries to diversify their network suppliers, and the Korean giant is moving in. The tech company announced Tuesday it will provide Vodafone a set of advanced wireless access technologies needed for th...
15.June.2021: KDB says SsangYong's turnaround plan may not cut it
June 14, 2021 15:00 - 2 minutes - 2 MBThe Korea Development Bank (KDB), the main creditor of beleaguered SsangYong Motor, questioned whether its latest turnaround plan is good enough to attract a buyer. The KDB admitted that buyers with any genuine intention to invest in the carmaker are “very rare" at the moment. “It is true that the latest turnaround plan proposed by SsangYong Motor has progressed compared to before, but a turnaround plan without a detailed business plan is not sufficient for the KDB to decide whether we c...
14.June.2021: Cryptocurrency exchanges start dropping coins
June 13, 2021 15:00 - 3 minutes - 2.18 MBLocal exchanges are slashing the number of cryptocurrencies they offer. The country’s largest exchange by trading volume, Upbit, announced Friday that 25 coins were put on its investment warning list, a first step before delisting the coins from the exchange. Smaller exchanges such as Probit announced the delisting of hundreds of coins recently. The moves come as the exchanges hope to partner with banks that agree to offer bank accounts in the name of the actual trader for trading on t...
11.June.2021: Korean tycoons start their own hydrogen council
June 11, 2021 02:00 - 3 minutes - 2.37 MBThe heads of four Korean business groups met Thursday to form a committee dedicated to investment and business opportunities in hydrogen. Hyundai Motor Group Chairman Euisun Chung, SK Group Chairman Chey Tae-won, Posco Group Chairman Choi Jeong-woo and Hyosung Group Chairman Cho Hyun-joon met Thursday at Hyundai Motor’s R&D center in Namyang, Gyeonggi. Full Article: https://koreajoongangdaily.joins.com/2021/06/10/business/industry/hydrogen-committee-hyundai-motor/20210610174000575.html
10.June.2021: Pyongyang officially pulls plug on going to Olympics
June 10, 2021 00:00 - 4 minutes - 3.24 MBNorth Korea will not be part of the Tokyo Olympics, the International Olympic Committee (IOC) confirmed Tuesday, the first time it will skip the Summer Games in 33 years. North Korea's berths for the Tokyo Olympics from July 23 to Aug. 8 were reallocated to other athletes, said the IOC. The announcement dashed any hope of the upcoming games being used for sports diplomacy with the North. International sporting events in the past, particularly the PyeongChang Winter Olympics in 2018, we...
09.June.2021: Korean-Americans eager for reunions with kin in North
June 09, 2021 00:00 - 3 minutes - 2.54 MBU.S. Secretary of State Antony Blinken pledged Monday to work with both Seoul and Pyongyang to help arrange reunions of Korean-Americans who were separated from family members during the 1950-53 Korean War. "This is just heart wrenching, knowing that people have been not only separated, but don't even know the fate of their loved ones," Blinken said in a hearing before a House Appropriations subcommittee on the reunion issue. "What I can pledge to you is that we will absolutely work on...
07.June.2021: Moon vows to reform military, rid it of 'backward culture'
June 07, 2021 00:00 - 4 minutes - 3.24 MBPresident Moon Jae-in vowed to rid the military of its “backward culture” in an address at the Memorial Day ceremony at Seoul National Cemetery on Sunday, in light of the recent death of an Air Force officer who reportedly took her own life following a sexual harassment claim against a fellow service member. “Today we remember veterans, independence fighters and unknown soldiers who fought valiantly, as well as the heroic defenders of the nation during the battles and bombardment of Yeon...
04.June.2021: 2020 was a shrinking year for Korean companies
June 04, 2021 01:00 - 3 minutes - 2.4 MBKorean companies shrunk an average of 3.2 percent last year, according to a report released by the Bank of Korea Thursday, because of the coronavirus epidemic. The proportion of companies unable to cover interest payments on debt hit a record high. The central bank analyzed audits filed by the country’s 25,871 non-financial companies and released a gloomy overview of the previous year. Full Article: https://koreajoongangdaily.joins.com/2021/06/03/business/finance/bank-of-korea-operati...
03.June.2021: Tycoons appeal to president to pardon Samsung's Lee
June 03, 2021 00:00 - 4 minutes - 3.22 MBPresident Moon Jae-in on Wednesday showed his most receptive attitude so far to business leaders’ pleas to pardon jailed Samsung head Lee Jae-yong. Moon invited the leaders of the country’s top four business groups to a luncheon at the Blue House to thanks them for announcements of massive investments in the United States just before his summit with U.S. President Joe Biden last month. Full Article: https://koreajoongangdaily.joins.com/2021/06/02/national/politics/Lee-Jaeyong-pardon/20...
02.June.2021: Exports' 45.6% growth in May is best since 1988
June 02, 2021 00:00 - 3 minutes - 2.72 MBKorea's exports soared 45.6 percent in May, the sharpest growth since 1988 thanks to a rebound in mainstay export items including semiconductors, cars and petrochemical products. Outbound shipments from the country totaled $50.7 billion last month, a record for the month of May, according to the Ministry of Trade, Industry and Energy on Tuesday. This follows 41.2 percent growth in April compared to a year earlier, and the seventh consecutive month of expansion. Full Article: https...
31.May.2021: Hyundai Motor sells Chinese plant after missile shield spat
May 31, 2021 01:00 - 2 minutes - 2.01 MBHyundai Motor sold its first factory in China, which once symbolized its aggressive expansion into the market, after years of sales held hostage by geopolitics. The automaker agreed to sell its Plant 1 in Beijing to the government of Shunyi District, a satellite city of Beijing, according to industry sources and multiple media reports both in Korea and China. “It is true that Hyundai Motor is pushing to sell the Beijing factory to the Shunyi District government,” said an industry sou...
May.28.2021: Finance minister pledges major green investment
May 27, 2021 00:00 - 3 minutes - 2.31 MBThe government will invest 3.8 percent of its GDP on Green New Deal projects by 2025 to bring about carbon neutrality for Korea. It's also increasing its support for environmental efforts by developing countries Official Development Assistance (ODA) and contributions to the Green Climate Fund (GCF). Full Article: https://koreajoongangdaily.joins.com/2021/05/26/business/economy/green-Korean-government-carbon-neutrality-ODA/20210526164300380.html
May.26.2021: Leftover vaccines can be found online
May 26, 2021 02:00 - 2 minutes - 1.87 MBCovid-19 vaccines left over after people didn't show up to get them will be available for anyone interested starting Thursday — and you can sign up to receive alerts about leftover vaccine at neighborhood clinics and hospitals. Foreigners covered by Korean health insurance and over the age of 30 are included. The Covid-19 Vaccination Task Force announced Tuesday that it will test-run a leftover reservation system via Naver and Kakao for two weeks starting Thursday, when AstraZeneca vacc...
May.25.2021: BTS takes home 4 awards at Billboard Music Awards
May 25, 2021 01:00 - 3 minutes - 2.26 MBBTS nabbed the Top Duo/Group, Top Song Sales Artist, Top Social Artist, and Top Selling Song awards at the 2021 Billboard Music Awards (BBMA) held on Monday, Korean time, setting a record for not only itself but for all of K-pop. The 2021 BBMA was broadcast live from 9 a.m. on cable channel Mnet in Korea. This year’s event took place at the Microsoft Theater in Los Angeles, California, hosted by actor Nick Jonas. Full Article: https://koreajoongangdaily.joins.com/2021/05/24/entertainment/...
May.24.2021: Moon hails Korean investments in the U.S.
May 24, 2021 01:00 - 4 minutes - 3.09 MBPresident Moon Jae-in ticked off promised investment in the United States by Korean corporations and suggested that more incentives will equal more investment. “If the U.S. government provides a wide variety of incentives for battery production facilities, there will be more investment to come,” Moon said during a visit to SK Innovation’s electric vehicle (EV) battery plant in Commerce, Georgia on Saturday. Full Article: https://koreajoongangdaily.joins.com/2021/05/23/business/economy/SK...
May.20.2021: Recovery shows in power consumption, factory rates
May 20, 2021 01:00 - 3 minutes - 2.6 MBA gradual but steady increase in power consumption is the latest indication of economic recovery, along with healthy indicators in manufacturing, making President Moon Jae-in's goal of 4-percent growth for 2021 more possible. According to a report by the Korea Electric Power Corp. (Kepco), power consumption in March increased by 0.5 percent compared to a year earlier, the fifth consecutive month of positive growth. Full Article: https://koreajoongangdaily.joins.com/2021/05/19/business...
May.18.2021: Moon vows vaccine development for Korea
May 18, 2021 00:00 - 3 minutes - 2.09 MBPresident Moon Jae-in said Monday that his upcoming trip to the United States will be used to make Korea a global hub of vaccine production. “I will use the upcoming trip to the United States as an opportunity to strengthen cooperation in the field of [Covid-19] vaccines and make Korea a global hub of vaccine production,” Moon said in his opening remarks for a senior secretariat meeting at the Blue House. Full Article: https://koreajoongangdaily.joins.com/2021/05/17/national/politics/...
May.14.2021: Kim Boo-kyum voted prime minister
May 14, 2021 00:00 - 3 minutes - 2.54 MBThe National Assembly on Thursday approved President Moon Jae-in's nomination of Kim Boo-kyum as prime minister. At a voting session arranged by National Assembly Speaker Park Byeong-seug, a motion to approve Kim's appointment was passed by the ruling Democratic Party (DP). Lawmakers from the main opposition People Power Party (PPP), who have protested other cabinet nominees, attended the session but did not vote. Full Article: https://koreajoongangdaily.joins.com/2021/05/13/national/po...
May.13.2021: India's raging pandemic hits Samsung, LG
May 12, 2021 22:00 - 3 minutes - 2.44 MBSamsung Electronics and LG Electronics are being hurt by the coronavirus crisis in India as partial lockdowns affect their production lines there. The Korean electronics makers could also see shrinking demand for electronic gadgets and home appliances in one of their biggest consumer electronics markets, as India suffers the world’s highest daily infection rates and death tolls from the pandemic. Full Article: https://koreajoongangdaily.joins.com/2021/05/12/business/industry/Samsung-Elect...
May.12.2021: Kakao Entertainment snaps up two U.S. startups
May 12, 2021 00:00 - 4 minutes - 2.89 MBKakao Entertainment will acquire two U.S.-based start-ups that run platforms for webtoons and web novels to expand in English-speaking markets. The companies being bought are Tapas Media, a webtoon service based in San Francisco, and Radish Media, which runs a web novel service headquartered in New York. Both have larger user bases in the U.S. and provide platforms for amateur creators to profit from their work. Full Article: https://koreajoongangdaily.joins.com/2021/05/11/business/indu...
May.12.2021: Chip shortage now hitting auto parts makers
May 11, 2021 01:00 - 3 minutes - 2.24 MBEven auto parts makers in Korea are feeling the pinch from the global chip shortage. The Korea Automobile Industry Association (KAIA) on Monday said that 66 out of 78 auto parts makers in Korea, or 84.6 percent of the respondents to a survey, said that they were having trouble due to an auto semiconductor shortage that has hit the industry since February. Full Article: https://koreajoongangdaily.joins.com/2021/05/10/business/industry/auto-chip-shortage/20210510191700420.html
May.11.2021: Chip shortage now hitting auto parts makers
May 11, 2021 01:00 - 3 minutes - 2.24 MBEven auto parts makers in Korea are feeling the pinch from the global chip shortage. The Korea Automobile Industry Association (KAIA) on Monday said that 66 out of 78 auto parts makers in Korea, or 84.6 percent of the respondents to a survey, said that they were having trouble due to an auto semiconductor shortage that has hit the industry since February. Full Article: https://koreajoongangdaily.joins.com/2021/05/10/business/industry/auto-chip-shortage/20210510191700420.html
May.06.2021: Department store staff, not customers, get Covid-19
May 06, 2021 00:00 - 4 minutes - 3.35 MBDepartment stores are emerging as a new Covid-19 vector after workers in major department stores in Seoul tested positive in recent days. Two cashiers from the food hall of Shinsegae Department Store's branch in Seocho District, southern Seoul, tested positive, the company said Wednesday. Full Article: https://koreajoongangdaily.joins.com/2021/05/05/national/socialAffairs/Covid19-Department-stores-Shinsegae/20210505185500403.html
May.04.2021: Kim Oh-soo nominated as prosecutor general
May 04, 2021 01:00 - 3 minutes - 2.49 MBPresident Moon Jae-in nominated former Vice Justice Minister Kim Oh-soo as the new head of South Korea's prosecution service, the Blue House announced Monday. Justice Minister Park Beom-kye recommended Kim, a long-time prosecutor, for the position of Prosecutor General after Yoon Seok-youl quit the post in March. The president accepted the recommendation, according to Blue House spokesperson Park Kyung-mee. Full Article: https://koreajoongangdaily.joins.com/2021/05/03/national/politics/...
Apr.30.2021: Pair of nearly extinct crested ibises born in the wild
April 30, 2021 01:00 - 3 minutes - 2.58 MBForty-two years after the crested ibis vanished from Korea, two birds from the endangered species were born in the wild on Tuesday. Two crested ibis chicks hatched from eggs laid by a breeding pair that was released two years ago in the Upo Wetland in Changnyeong, South Gyeongsang, county officials said. Full Article: https://koreajoongangdaily.joins.com/2021/04/29/national/socialAffairs/bird-environment-ibis/20210429175100397.html
Apr.29.2021: Covid quarantine to be exempted, but only for a few
April 28, 2021 15:00 - 5 minutes - 3.74 MBFully vaccinated people will be exempted from the mandatory 14-day quarantine after entering from abroad or coming in contact with a Covid-19 patient starting May 5 — but only if they got the shots in Korea, and not if they're coming from countries where highly contagious virus variants are prevalent. "People who have completed the vaccination in Korea will be exempted from self-quarantine after close contact with a Covid-19 patient […] or have returned from overseas if they test negative ...
Apr.28.2021: Moon meets Novavax CEO but details scarce
April 28, 2021 00:00 - 3 minutes - 2.65 MBPresident Moon Jae-in met Novavax CEO Stanley Erck on Tuesday but revealed little about when its vaccines may be ready for Korea. It was the first time that the president held a face-to-face meeting with a vaccine pharmaceutical company CEO amid public concerns over a slow rollout of vaccines and their safety. Full Article: https://koreajoongangdaily.joins.com/2021/04/27/national/socialAffairs/Novavax-Moon-Jaein-Vaccine/20210427185000401.html
Apr.27.2021: Youn Yuh-jung takes home an Oscar for Korea
April 27, 2021 02:00 - 3 minutes - 2.36 MBYoun Yuh-jung won the Oscar for Best Actress in a Supporting Role at the 93rd Academy Awards in Los Angeles on Sunday. Youn followed the milestone set by Bong Joon-ho’s “Parasite” by becoming the first Korean to ever win an Oscar for acting. Full Article: https://koreajoongangdaily.joins.com/2021/04/26/entertainment/movies/Youn-Yuhjung-Oscars-best-supporting-actress/20210426154200406.html
Apr.26.2021: BAI reports Seoul's education superintendent for corrupt practices
April 25, 2021 15:00 - 5 minutes - 3.61 MBThe Board of Audit and Inspection of Korea (BAI) announced Friday that it had reported Seoul Metropolitan Office of Education Superintendent Cho Hee-yeon to police over allegations of power abuse and corrupt practices in hiring teachers in Seoul. Cho was elected as the education superintendent of Seoul in 2014 and re-elected in 2018. During the election in 2018, he was the single unified candidate of the ruling party of Korea. His four-year term ends next year. Full Article: https://kor...
Apr.23.2021: Upgrades to high speed rail system promised
April 23, 2021 01:00 - 3 minutes - 2.25 MBIn 2030, a person will be able to travel between any two parts of Korea within two hours, the government promised, after ambitious upgrades to the high-speed rail network. The Ministry of Land, Infrastructure and Transport on Thursday released rail plans focused on connecting major cities with areas without high-speed rail infrastructure. The goals are to disperse some of the highly concentrated populations in Korea's cities and boost regional economies. More people will be able to l...
Apr.22.2021: Young investors are beguiled by 'altcoins'
April 21, 2021 15:00 - 3 minutes - 2.53 MBInvestors hoping to make a quick buck are turning to alternative coins, cryptocurrencies other than bitcoin, which have prices that sometimes skyrocket by a thousand times in a matter of minutes. The downside of alternative coins, or altcoins, is that their prices can plunge just as quickly. On Tuesday, a new altcoin dubbed Arowana Token was listed on one of Korea's four major exchanges, Bithumb. On its listing at 2:30 p.m, it started trading at 50 won (4.5 cent) per token, then soared...
Apr.21.2021: Don't call it a Chinatown, Gangwon insists of project
April 21, 2021 01:00 - 3 minutes - 2.71 MBA petition to the Blue House demanding the cancellation of a planned Chinese cultural town in Gangwon has amassed a record number of signatures, forcing the provincial government to deny that it is building an immigrant community –– or a modern Chinatown. Titled “Scrap the Chinatown Construction in Gangwon,” the petition opposed the creation of the Korea-China Cultural Tourism Town, a 1.2 million-square-meter (296 acres) Chinese culture-themed development in Hongcheon, asking, “Why do we n...