National News

Seoul, South Korea – In a significant step towards enhancing cultural exchange and providing opportunities for youth, Korea and Latvia have signed a Working Holiday Agreement, enabling young people from both countries to experience each other's cultures through travel, work, and study. The signing ceremony took place on July 31, 2024, with South Korea's Ambassador to Latvia, Lee Tong-q, and Latvia's Minister of Interior, Rihards Kozlovskis, officiating the event. The newly signed agreement allo

Seoul, South Korea - A significant intelligence breach has rocked the South Korean military, involving the leakage of classified information to North Korean hackers. This incident, which compromised the identities and operations of undercover agents, has profound implications for South Korea's intelligence capabilities. The breach was uncovered in mid-June 2024 when South Korean cybersecurity experts infiltrated a North Korean server and discovered a list of South Korean intelligence operatives

In a landmark discovery, Professor Geun-Su Kim and his team at Yonsei University have identified the presence of 'dark electrons' in solid materials, a finding that has been published in Nature Physics on July 29, 2024. This discovery has significant implications for the field of quantum physics and could provide insights into several unresolved issues, including the mechanisms behind high-temperature superconductivity. Dark states, where electrons neither absorb nor emit light, were previously

Tmon and Wemakeprice, subsidiaries of Singapore-based e-commerce giant Qoo10, are currently embroiled in a severe financial crisis, marked by substantial capital depletion. This alarming situation has raised widespread concerns about the financial stability of these companies and their impact on the broader industry. Recent reports have highlighted the dire financial state of Tmon and Wemakeprice, with their combined capital deficit approaching a staggering 900 billion KRW. As of last year, Wem

Seoul, South Korea – The Korea National University of Heritage recently concluded its inaugural 'K-Heritage Summer School' program. Held from July 3 to July 17, this initiative is part of the broader K-Heritage Academy, a non-degree program aimed at offering a comprehensive heritage education to international students. The 'K-Heritage Summer School' was specifically designed to provide international students with a blend of theoretical knowledge and practical experiences related to Korean herit

Seoul, South Korea - The Ministry of Government Legislation convened a roundtable on July 16th at the Seoul Smart Work Center conference room to improve the quality of the foreign language legal information service. This event aimed to gather insights from field experts who regularly provide consultations to foreigners living in Korea. The Ministry's Easy Law service (www.easylaw.go.kr) is a comprehensive platform designed to help citizens easily access legal information categorized by daily li

South Korean universities are seeing an influx of foreign students, drawn by the nation's academic reputation and cultural appeal. However, many of these students face significant challenges due to language barriers, hindering their academic success and integration into university life. Despite initiatives to attract more international students, the reality of limited English-taught courses and insufficient support for Korean language learning leaves many struggling to keep up with their studies

Seoul, South Korea — On July 10, 2024, significant amendments to the industrial cluster legislation will come into force, opening new investment pathways for businesses operating within industrial complexes. These changes are part of an ongoing effort by the Ministry of Trade, Industry, and Energy (MOTIE) to dismantle restrictive regulations and promote a more flexible and inviting environment for business operations. One of the pivotal changes is the expansion of permissible business categorie

Seoul, South Korea - The Ministry of Agriculture, Food and Rural Affairs (MAFRA) has announced several amendments to the Farmland Act Enforcement Decree, set to take effect from July 3, 2024. These changes are designed to bolster agricultural competitiveness through the adoption of advanced smart farming technologies and to enhance living conditions for workers in the agricultural sector. Temporary smart crop cultivation facilities, which do not require construction permits or notifications, wi

The Ministry of Culture, Sports, and Tourism (MCST) announced the launch of the 11th annual 'Talk Talk Korea 2024' international content contest. Running from June 28 to August 31, this event invites participants worldwide to share their experiences of Korea's unique cultural beauty. Since its inception in 2014, Talk Talk Korea has grown exponentially, becoming the largest content contest of its kind. Last year alone saw over 50,000 entries from 166 countries, showcasing a wide array of perspec

SEOUL, June 25, 2024 – South Korea is grappling with a significant corporate tax shortfall, as revealed in a recent report by the National Tax Service (NTS). Despite a record number of corporate tax filings, the actual tax revenue has plummeted, raising concerns about a potential tax revenue deficit for the current year. The NTS report, released on June 24, highlighted that the number of corporations filing taxes reached an unprecedented 1.031 million last year, marking the first time the figur

Seoul, June 23, 2024 - As the world commemorates the 74th anniversary of the Korean War, KFN (Korean Forces Network) presents a special documentary titled "Heroes of Asia - Little Tiger and Conrado Yap." This tribute will air on June 25, 2024, at 9:00 AM, highlighting the remarkable contributions of Thai and Filipino soldiers who fought for South Korea's freedom and peace. The documentary focuses on two notable figures: "Little Tiger," a nickname given to the brave Thai soldiers who fought at P