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1,209 published stories

Busan

Busan’s Charter School-Inspired Endeavor

Education, often seen as the linchpin of societal evolution, constantly evolves, echoing the rhythm of our dynamically shifting world. Audacious initiatives occasionally surface, aiming to recalibrate educational frameworks for the contemporary student. A prime example is Busan Metropolitan City's recent collaboration with the Sasang District. Together, they are on the brink of redefining educational paradigms by unveiling plans for an Autonomous Public High School. In an announcement today, at

Busan

Busan City Embarks on an Ambitious Journey to Establish a Digital Asset Exchange

BUSAN- In a strategic move, Busan Metropolitan City, in collaboration with the 'Busan Digital Asset Exchange Establishment Committee', has unveiled plans to establish the Busan Digital Asset Exchange. This initiative was conceptualized last December when the city formed the committee comprising of private sector experts. The proposal is based on insights and suggestions received from the committee. Busan's Vision: To be a Blockchain Pioneer by 2026 Busan Metropolitan City is poised to transf

Wellness

Post-COVID-19 Surge in Wellness Tourism: South Korea Adapts to the New Normal

SEOUL - The rise of the COVID-19 pandemic has not only transformed how we live but also influenced our choices when it comes to travel. In South Korea, a notable trend emerges: the sharp increase in wellness tourism. Triggered by the widespread feelings of social isolation and melancholy during the pandemic, there's been a significant shift towards destinations that offer healing for both the body and mind. Wellness, a concept that intertwines well-being, happiness, and fitness, has seen a rene

Economy

South Korea at an Economic Crossroads: The Confluence of US Monetary Policy, Structural Challenges, and Global Rankings

South Korea, once hailed as one of the top 10 economies by nominal GDP, has recently witnessed a decline in its global standing. Last year, the country's nominal GDP was provisionally ranked 13th worldwide, failing to secure a spot in the top 10 for three consecutive years. As South Korea confronts the challenges posed by global economic dependencies, the implications of the US Federal Reserve's actions, and its internal structural and energy hurdles, the nation's resilience is once again put to

Business

BNK Kyongnam Bank Embezzlement Scandal: The Largest in Korean Financial History

In a startling revelation, the Financial Supervisory Service (FSS) announced that the recent real estate project financing (PF) scandal involving BNK Kyongnam Bank has reached a staggering 298.8 billion won ($224 million). This marks the most substantial embezzlement in the annals of the Korean financial market, surpassing the previous record involving Woori Bank's scandal last year. The wrongdoer, an employee surnamed Lee, orchestrated this elaborate scheme over thirteen years, from 2009 to Ju

Opinion

The Seoul Phenomenon and Shadow of Regional Diminishment

In the heart of the Korean Peninsula stands a city that truly never rests — Seoul. A metropolis where ancient traditions harmoniously blend with ultra-modern innovations, Seoul's allure draws individuals from every corner of the country. From the towering skyscrapers that house global corporate giants in Gangnam to the serene lanes of Bukchon Hanok Village, whispering tales from centuries ago, Seoul presents a captivating mix of yesterday and today. But beyond its scenic beauty and vibrant puls

Busan

FLY ASIA 2023: Strengthening Asian Entrepreneurial Synergy

BUSAN - FLY ASIA 2023, the vanguard start-up exhibition of Asia, returns with an enhanced agenda, championing partnerships across premier Asian entrepreneurial cities, cultivating shared progress and inventive dynamism. Busan, pulsating with innovation, unveils the next chapter of FLY ASIA 2023, scheduled from October 5th to 8th at BEXCO's luminous second exhibition hall. This sequel builds on the momentum of its forerunner, surmounting the confines of the metropolitan-centric start-up framewor

Korea

Seoul's Economic Paradox: The Lure of the City Amidst Rising Costs

In recent years, cities have morphed into more than just economic powerhouses. They've become amalgamations of cultures, opportunities, and challenges. None exemplify this transformation better than Seoul, South Korea's pulsating capital. The city's allure continues to strengthen, evidenced by its jump from 10th to 9th in ECA International's yearly list of 'Most Expensive Cities for Expatriates', a testament to its growing global appeal. However, as living expenses surge, primarily due to new p