National News

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

The recent controversy surrounding Naver's Line platform has ignited significant debate and criticism. Following a major data breach, the Japanese government has pressured South Korean tech giant Naver to reduce its stake in Line, citing security concerns. However, this move raises questions about Japan's true motives and the broader implications for digital sovereignty and international business relations. Line is not just any messaging app; it is a cornerstone of digital life in Japan and oth

Seoul, May 28, 2024 – The Ministry of Culture, Sports and Tourism (MCST) of South Korea has announced an ambitious plan, the "Digital Transformation Era: Overseas Promotion Plan (2024-2027)," aimed at enhancing the nation's global image. While this initiative seeks to leverage digital innovations and strategic communication, a critical analysis suggests that a state-led approach may not be the most effective means of cultural diplomacy in today's interconnected world. One major criticism of sta

Seoul, South Korea – As South Korea faces a stark demographic decline, particularly within its aging coastal communities, the Ministry of Oceans and Fisheries unveiled a bold initiative on May 13, 2024, aimed at revitalizing the nation's fishing villages and coastal areas. With the introduction of "Marine Life Zones," the government seeks to blend economic vigor with coastal charm, striving to turn the tide on years of population decrease and economic stagnation. South Korea’s fishing communiti