Apt Rose And Bruno Mars Revive A Fading Korean Tradition

Seoul, South Korea - A recent report by the Government Ethics Committee revealed that the average property of 2,037 South Korean public officials increased by KRW 29.81 million (approximately USD 24,500) this year. The disclosure comes amid a surge in real estate prices in the country, significantly impacting the wealth of public officials and raising concerns about transparency and potential conflicts of interest. According to the report, the average property value for public officials subject

In early April, the city of Busan, South Korea, will host numerous events expressing the city's desire to host the 2030 World Expo, in conjunction with the International Expo Bureau's inspection team visit. The events are aimed at highlighting the enthusiasm of Busan's citizens and showcasing the city's preparations. Busan Mayor Park Heong-joon announced that various events, reflecting the city and its districts' efforts in urban environment improvement, safety management, transportation, and p

The Busan city announced that the construction of a tunnel connecting the neighborhoods of Eomgung-dong in Sasang-gu district and Jungang-dong in Jung-gu district is set to commence in 2024, with an expected completion date of 2029. The Seunghak Tunnel project, a private investment initiative, recently passed the deliberation of the Ministry of Economy and Finance's Private Investment Project Review Committee. Following the designation of project implementers in mid-April, the city government w

East Asia is facing a population crisis as several countries in the region experience significant declines in birth rates, raising concerns about future workforce availability and economic stability. Japan, South Korea, China, and Hong Kong are among the countries most affected by this trend, prompting the need for comprehensive policies and societal changes to address the issue and its implications. In Japan, with a record low of 840,000 births in 2021 and deaths totaling 1.4 million, the natu

South Korea's "1,000 Won Breakfast" program, initially aimed at college students to combat breakfast malnutrition by providing affordable, quality meals, has proven to be a resounding success. The Ministry of Agriculture, Food and Rural Affairs recently announced plans to double the program's size, extending its reach to 1.5 million people. With such positive results, it's time to consider expanding this initiative to benefit other vulnerable groups, such as the elderly and single young workers.

South Korea's National Assembly Special Committee on Population Crisis, created in November last year to address the country's aging population, low birthrate, and regional depopulation, is finally set to begin its work on March 31st after a four-month delay. However, the committee faces criticism for its lack of urgency in addressing the pressing population crisis, which is impacting the country's pediatric sector. With a declining number of pediatricians and pediatric practices shutting down,

A consortium led by Daewoo Engineering & Construction has acquired the Namcheon-dong Mega Mart site, located near Busan's famous Gwangandaegyo Bridge, for KRW 632.8 billion (approximately USD 564 million), as reported in a statement by Busan City Gas, the property's owner. The 30,606 square meter property, which includes a building area of 5,867 square meters, was finalized with a 10% deposit, with the remaining balance to be paid by May 23 next year. The acquisition has sparked speculation abo

The James Webb Space Telescope (Webb) has discovered that TRAPPIST-1b, a rocky exoplanet in the TRAPPIST-1 star system, most likely lacks an atmosphere, making it less likely to host life. Although this finding dampens the prospects of life on TRAPPIST-1b, six other Earth-like exoplanets in the system are still waiting to be studied, promising more exciting discoveries in the future. Using Webb's Mid-Infrared Instrument (MIRI), astronomers led by Thomas Greene, an astrophysicist in the Space Sc

In 2023, the Korean shipbuilding industry is experiencing a surge in orders for the first time in a decade. However, a severe labor shortage has become a critical issue. Despite the demand for workers, the industry struggles to attract and retain talent, particularly among the younger MZ generation. The three major Korean shipbuilders, Korea Shipbuilding & Marine Engineering, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering, have seen a significant increase in orders. The

The US Chips and Science Act, a bipartisan legislation aimed at boosting the country's semiconductor industry with a $52 billion investment, has sparked concerns among Korean chipmakers, such as Samsung Electronics and SK Hynix. These companies fear that their trade secrets may be compromised as they seek subsidies under the Act. In response, experts suggest a delicate balance between protecting trade secrets and promoting collaboration between the US and Korean companies. The US Department of

South Korean workers' average debt reached a new high in 2021, exceeding KRW 50 million ($41,400) for the first time, according to a recent report by Statistics Korea. Although the growth rate of debt slowed compared to the previous year, it was still the largest increase since the agency began tracking wage earners' debt in 2017. In December 2021, the average loan for wage earners was KRW 52.2 million ($43,200), up 7.0% or KRW 3.4 million ($2,800) from 2020. The debt growth rate has slowed sin

A recent survey conducted in Busan, South Korea, reveals varying rates of private Hagwon(private educational institute or school) usage and study habits among elementary and middle school students across different districts of the city. The Busan Metropolitan City Office of Education has interpreted these findings as a sign that students in the western districts rely more on public education and spend less time studying than their peers in the central and eastern districts. In response, the Bus