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Next Sohee Exposes Labor Exploitation And Emotional Stress In The Korean Workplace

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ICAPP Adopts Busan Declaration, Endorses 2030 Busan World Expo Bid
BusanMay 5, 2023

ICAPP Adopts Busan Declaration, Endorses 2030 Busan World Expo Bid

Busan, South Korea - The City of Busan has announced that the International Conference of Asian Political Parties (ICAPP) adopted the "Busan Declaration," endorsing the bid for the 2030 Busan World Expo. The ICAPP, established in 2000, is an international organization committed to promoting world peace and shared prosperity. It encourages exchange and cooperation among political parties in the Asia region, transcending political ideologies and backgrounds. Currently, the ICAPP represents over 3

Netflix's South Korea Expansion Faces Tax Evasion and Network Fee Controversy
BusinessMay 3, 2023

Netflix's South Korea Expansion Faces Tax Evasion and Network Fee Controversy

In a significant announcement, Netflix has committed to invest $2.5 billion in South Korea over the next four years, marking an unprecedented investment in a specific country by the streaming giant. The South Korean Presidential Office actively promoted the decision, highlighting the investment as a breakthrough achievement. Discussions regarding the investment commenced in January, with President Yoon Suk-yeol engaging in direct correspondence with Netflix executives. The Presidential Office n

NewJeans' "Hype Boy" Hits 300 Million Streams on Spotify and 100 Million Views on YouTube
EntertainmentMay 3, 2023

NewJeans' "Hype Boy" Hits 300 Million Streams on Spotify and 100 Million Views on YouTube

South Korean rookie girl group NewJeans has achieved significant milestones with their hit song "Hype Boy," garnering 300 million streams on Spotify and 100 million views on YouTube, according to their agency ADOR. As of Monday, "Hype Boy" had recorded 300,100,390 streams on Spotify since its release on August 1. This accomplishment comes after the group's songs "Ditto" and "OMG" also surpassed 300 million streams on the music streaming platform last month. Furthermore, the music video for "Hy

Bank of Korea Governor Says It's Too Early to Discuss Rate Cuts
EconomyMay 3, 2023

Bank of Korea Governor Says It's Too Early to Discuss Rate Cuts

South Korea - Bank of Korea Governor Rhee Chang-yong has stated that it is too early to begin discussing rate cuts, despite the central bank being among the first to pause its tightening cycle. This has led to market speculation about potential rate cuts, but Rhee believes these expectations are "premature." During the Asian Development Bank's annual meeting in Incheon, Rhee commented on South Korea's economic landscape, highlighting that the country's core inflation remains well above the targ

Busan to Establish "Busan Content Biztown" for Content Ecosystem and Youth Employment
BusanMay 3, 2023

Busan to Establish "Busan Content Biztown" for Content Ecosystem and Youth Employment

Busan, South Korea - The city of Busan has announced plans to establish "Busan Content Biztown" (Content Business Support Center) to foster a content ecosystem and create jobs for young people. In March, the city and Busan IT Industry Promotion Agency secured KRW 4.2 billion in government funding after being selected for the Ministry of Culture, Sports and Tourism's regional content support center project. Under this initiative, Busan plans to lease and remodel a building in Yangjeong-dong, Bu

Busan's New City Emblem Under Fire for Alleged Plagiarism of Foreign Crypto Company Logo
BusanMay 3, 2023

Busan's New City Emblem Under Fire for Alleged Plagiarism of Foreign Crypto Company Logo

Busan, South Korea - Local citizen groups have voiced concerns that Busan's newly unveiled city emblem, which has an $11 million promotional budget, may have plagiarized the logo of a foreign cryptocurrency company. On May 2, various local citizen groups held a press conference to express their disapproval of the new city emblem and criticize the city council. They alleged that the new emblem plagiarized a foreign cryptocurrency company's logo and called for its immediate removal. In March, Bu

Busan Launches "Expo Aquarium" to Promote 2030 World Expo Bid and Raise Climate Change Awareness
BusanMay 2, 2023

Busan Launches "Expo Aquarium" to Promote 2030 World Expo Bid and Raise Climate Change Awareness

Busan, South Korea – In a bid to secure the 2030 World Expo and engage the public in climate change awareness, the city of Busan is launching an "Expo Aquarium" at the Lotte World Aquarium in Seoul. The exhibit will run from May 1st through November and is part of a nationwide campaign with the theme "Stop Climate Change with EXPO." The campaign began in April with a "Green Challenge" event held at Gwanghwamun Square and Busan Station, emphasizing the importance of carbon emission reduction and

China Facilitates Diplomatic Reconciliation between Saudi Arabia and Iran
PoliticsApr 30, 2023

China Facilitates Diplomatic Reconciliation between Saudi Arabia and Iran

Chinese President Xi Jinping has played a significant role in the restoration of diplomatic relations between Saudi Arabia and Iran, as per a senior Chinese diplomat. Wang Di, director of the foreign ministry's Department of West Asian and North African Affairs, revealed in an interview with People's Daily that China is prepared to take on a greater role as a mediator in the Middle East. Wang accused certain large countries outside the region of causing long-term instability in the Middle East

Diverging Views on US-South Korea Summit: Strengthening Alliance or Empty Promises?
KoreaApr 28, 2023

Diverging Views on US-South Korea Summit: Strengthening Alliance or Empty Promises?

The US-South Korea summit has resulted in mixed assessments from Korean newspapers, with conservative and progressive press taking opposing stances. The joint announcement of the 'Washington Declaration' and the agreement on expanding deterrence measures against North Korea led conservative newspapers to view the summit as a positive step in reinforcing the "ironclad alliance." However, progressive newspapers criticized the lack of tangible outcomes and expressed concerns over heightening tensio

Redefining Busan's Skyline: The Future of Dongseo Elevated Highway
OpinionApr 26, 2023

Redefining Busan's Skyline: The Future of Dongseo Elevated Highway

The Busan Dongseo Elevated Highway, a 14-kilometer-long, four-lane roadway, has been a source of longstanding issues for the city and its residents. Despite its initial purpose of easing traffic between the eastern and western parts of Busan, the elevated highway has instead contributed to traffic congestion, noise pollution, and air pollution. Moreover, its presence has negatively impacted the urban landscape and compromised the privacy of nearby apartment dwellers. As a result, the future of t

South Korean Semiconductor Industry Caught in Crossfire Between US and China Amid Supply Adjustments
BusinessApr 26, 2023

South Korean Semiconductor Industry Caught in Crossfire Between US and China Amid Supply Adjustments

The South Korean semiconductor industry is increasingly concerned about the potential fallout from the escalating US-China semiconductor dispute. As the industry grapples with production cuts and falling prices, it now finds itself stuck in the middle of a geopolitical tug-of-war. According to recent reports, the US government has requested that South Korea refrain from exporting semiconductor replacement products to China ahead of the US-South Korea summit. In response, Chinese state-run media

Busan City Announces First Administrative Integration Debate with South Gyeongsang Province
BusanApr 26, 2023

Busan City Announces First Administrative Integration Debate with South Gyeongsang Province

Busan City has announced that it will hold the "1st Busan-South Gyeongsang Province Administrative Integration Debate" at the South Gyeongsang Provincial Office's main auditorium on May 27 at 2 p.m. The event aims to promote understanding and gather public opinion on the potential integration of the administrative systems of Busan and South Gyeongsang Province. The integration of administrative systems involves the combination of administrative services and resources of neighboring regions, aim

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