Archive page 112

As the world navigates the remnants of the global COVID-19 pandemic, South Korea finds itself caught in a confluence of economic headwinds. Known for its 'Miracle on the Han River', South Korea transformed from one of the poorest countries in the world to an advanced high-income economy in just a few decades. Today, it stands as a global leader in technology, automotive, and electronics, boasting brands like Samsung and Hyundai. However, the current economic scenario within its borders has raise

Busan Metropolitan City has partnered with the Korean Cultural Center in France to present the "2023 Korean Festival – Taste Korea! - Busan Special Event" in Paris from May 30 to September 16, 2023. The annual event, celebrating its fifth year, puts a spotlight on a chosen theme, presenting Korean cuisine and outstanding cultural and artistic content to the local Parisian audience. The objective is to elevate interest in Korean culture and tourism through this massive cultural event. With the

The City of Busan announced a signing ceremony for the 'Seunghak Tunnel Private Investment Project implementation agreement' in the City Hall. This ceremony signifies the endorsement of the Seunghak Tunnel project, marking a crucial step in its commencement. Both Mayor Park Heong-joon and President Yoon Young-joon of Hyundai Construction Co., Ltd. attended the event. With this agreement, the execution of the project, including the start of implementation design, will gain momentum. The 'Seungh

In the modern era, loneliness and social disconnection are increasingly significant societal concerns, particularly following the COVID-19 pandemic, which has exacerbated the 'isolated youth' crisis in several countries, including South Korea. With digitization shaping social norms, cities worldwide are grappling with these issues, revealing a severe 'friendship recession.' Research indicates that loneliness, akin to lacking a close friend, negatively impacts health, equivalent to smoking 15 ci

South Korea's relentless pursuit of education is internationally renowned, underpinned by a strong societal belief that education is the key to personal advancement and national prosperity. Higher education in particular holds a significant place in this equation. Universities are not only seen as gateways to prestigious careers but also as breeding grounds for the nation's next generation of leaders, thinkers, and innovators. In line with this ethos, South Korea has one of the highest universit

Busan's Buk-gu District Mayor, Oh Tae-won, faces significant political repercussions following the court's sentencing over violations of the Public Official Election Act. After a fine of KRW 1.5 million was imposed on Mayor Oh on May 25th by the Criminal Trial Division 1 of the Western Branch of the Busan District Court, his position in office now hangs in the balance. As per the Public Official Election Act, an election stands nullified if the sentence, once confirmed, includes a fine exceeding

A recent report indicates a growing trend of aging workers, particularly those in the 50-60 age bracket, enduring financial difficulties in retirement. Despite a desire to remain employed, the majority of jobs available to this age group are non-regular such as temporary or day labor jobs, which are lacking in job security and benefits. Experts argue that there is a pressing need to create high-quality job opportunities where this demographic can utilize their professional skills. According to

Amid China's escalating control over its domestic and foreign internet activity, Naver, South Korea's largest portal site, has reportedly been blocked locally. This development follows the recent similar restrictions placed on another portal site, Daum. This situation intensifies the ongoing Hallyu Ban, unofficial restrictions by the Chinese government on the distribution of Korean cultural content, which has been in place since 2016. According to sources in Beijing and Shenyang, Liaoning Provi