
Beyond the Budget: Inside Korea’s Concentrated Fiscal Power
The Ministry of Economy and Finance dominates South Korea’s budgets, from constitutional clauses limiting parliament to fiscal statistics that shape public debate.
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The Ministry of Economy and Finance dominates South Korea’s budgets, from constitutional clauses limiting parliament to fiscal statistics that shape public debate.

A closer look at Busan’s SOC projects reveals a cycle of fast construction, underuse, and financial strain—pointing to systemic planning failures.

To counter speculative housing purchases, Korea enforces permits and live-in requirements for overseas buyers in key metropolitan areas.

South Korea welcomes the International Conference on Silicon Carbide and Related Materials this September, uniting scientists, manufacturers, and policymakers as silicon carbide moves into large-scale production.

Korea’s $19B nuclear contract in the Czech Republic is hailed as a milestone. Yet behind the victory lies a settlement that ties future exports to U.S. royalties and oversight, raising questions about sovereignty and profitability.

Busan will host the third International Streaming Festival from August 22–25, uniting global OTT platforms, creators and investors to debate the future of digital media.

Smartphone ownership among South Koreans over 65 is among the highest in the world. But heavy reliance on YouTube and KakaoTalk has left seniors vulnerable to misinformation, fueling political polarization and intergenerational tensions.

The rise of single-person households, coupled with stagnant wages and uneven demand, is reshaping Korea’s housing market. Seoul absorbs youth while Busan ages in place, exposing structural risks and policy blind spots.

Busan is rolling out new subsidies to ease financial burdens for shop owners facing closure and young workers struggling with moving costs. Critics say the small scale of the programs raises doubts about their long-term impact.

Busan is hosting its largest job fair for international students, bringing together thirty-five companies and hundreds of foreign graduates. The event links recruitment directly to F-2-R and E-7 visa schemes, part of the city’s strategy to ease labor shortages and counter demographic decline.

AI chatbots’ unconditional empathy may feel comforting, but experts warn it can worsen mental health for vulnerable users unless corrective feedback is built in.

In August heat, even a short walk can feel punishing. Yet many of Korea’s new towns offer little shade. As climate change stretches summers and intensifies heat, the simple act of walking demands a new vision of urban planning.
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