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Gov't criticized for inconsistency in cross-border online shopping policies

The government is facing mounting criticism for its inconsistent approach to regulations on overseas direct purchases of certain goods, following the recent retraction of a policy proposal due to strong consumer backlash.

Korea Times
19 May 2024

Gov't policies focusing on young people marginalize those in 40s, older

Park Moon-shik, a 56-year-old office worker, expresses his dismay over the absence of banks offering manageable borrowing rates tailored specifically for his age group. He laments the challenge of securing a loan to assist in purchasing a home.

Korea Times
19 May 2024

Minor liberal party proposes constitutional amendment to shorten president’s term

Minor liberal Rebuilding Korea Party (RKP) Chairman Cho Kuk proposed a plan, Friday, to shorten President Yoon Suk Yeol’s single, five-year term by revising the Constitution, urging the president to “honorably agree with the shortened term.”

Korea Times
19 May 2024

No. of crimes in Seoul falls, yet public anxiety rises: report

The number of crimes in Seoul has been declining, however, anxiety about the issue among residents is increasing, particularly among women and older adults, according to a report released by the Seoul Foundation of Women and Family, Sunday.

Korea Times
19 May 2024

SK Group set for portfolio restructuring amid mounting financial burdens

SK Group is on track to carry out major portfolio restructuring to alleviate the escalating financial burden stemming from unprofitable affiliates and to optimize management efficiency, according to analysts, Friday.

Korea Times
19 May 2024

Powerful diplomacy trumps nuclear weapons for South Korea

“Two-thirds of South Korea’s strategic elites do not favor nuclearization of South Korea,” Victor Cha, a senior vice president for Asia and Korea Chair at the Center for Strategic & International Stud

Korea Times
19 May 2024

K-pop wealth gap widens: Big agencies boom, small ones struggle

In the rapidly evolving K-pop industry, the financial disparity between large and small agencies is becoming increasingly pronounced.

Korea Times
19 May 2024

NewJeans members submit petitions over court injunction in HYBE-Ador conflict

Does K-pop girl group NewJeans want to continue its musical adventure with its producer Min Hee-jin or has it been gaslighted by her? ...

Korea Times
19 May 2024

June brings mix of action, comedy to small screen

Action and comedy genre series, from Disney+’s Star Wars spinoff to “Parasite” actor Lee Jung-eun’s fantasy comedy, will fill the small screen this June.

Korea Times
18 May 2024

NASA officials upbeat about greater space cooperation with Korea

Officials of the U.S. National Aeronautics and Space Administration (NASA) expressed expectations for greater space cooperation with Korea on Thursday, as the two countries are widening the scope of t

Korea Times
18 May 2024

Yoon orders scrapping of preliminary feasibility studies for R&D projects

President Yoon Suk Yeol instructed the government Friday to scrap all preliminary feasibility studies for research and development (R&D) projects to speed up their implementation and support economic growth.

Korea Times
18 May 2024

Esports host Gwak Min-seon suffers eye injury from on-stage fireworks

Esports host Gwak Min-seon sustained an eye injury from on-stage fireworks during the PUBG Mobile Pro Series (PMPS) 2024 event, according to her agency Starit Entertainment, Thursday.

Korea Times
18 May 2024

DPK leader's loyalists threaten to exit party over Assembly speaker candidate

A group of party members loyal to the main opposition Democratic Party of Korea (DPK) leader Lee Jae-myung issued a warning, Friday, stating their intention to depart from the party to protest the ele

Korea Times
18 May 2024

When Koreans take off their clothes

What you’re doing right now doesn’t feel like culture. It’s just real life. Culture is what other people do. Culture is exotic, mysterious: something to be preserved, treasured, and protected from unf

Korea Times
18 May 2024

Travel warning issued for SE Asia after murder of Korean tourist in Pattaya

The recent murder of a Korean tourist in Pattaya, Thailand, allegedly by another Korean, has prompted a travel advisory for Southeast Asia, highlighting the frequent targeting of Koreans, especially b

Korea Times
18 May 2024

HYBE's Bang says malice of one individual should not damage system

Bang Si-hyuk, founder and chairman of K-pop powerhouse HYBE, said Friday that actions driven by the malice of one individual should not undermine an entire system in reference to an ongoing conflict between his company and the head of a sublabel.

Korea Times
18 May 2024

Ador's CEO Min praised by underdogs, but she is not one of them

As tensions between HYBE and Ador continue to escalate, the press conference held by Min Hee-jin, CEO of Ador, on April 25 has become a significant event in the history of the K-content industry, being discussed for over three weeks.

Korea Times
18 May 2024

NewJeans committed to Min, but HYBE claims Ador CEO gaslighted girl group

Does K-pop girl group NewJeans want to continue its musical adventure with its producer Min Hee-jin or has it been gaslighted by her?

Korea Times
18 May 2024

Upbit, Bithumb solidify leadership in market with impressive Q1 earnings

Upbit and Bithumb announced impressive first-quarter earnings, backed by the rising interest in virtual assets and a recovery in investor sentiment. However, while both exchanges solidify their leader

Korea Times
17 May 2024
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