Breeze in Busan

Sign in Subscribe

National News

National News

Stay up-to-date with breaking national news and social issues in Korea.

Netflix Commits $2.5 Billion to South Korean Entertainment, Fueling the Korean Wave and Boosting Local Industry

Netflix Commits $2.5 Billion to South Korean Entertainment, Fueling the Korean Wave and Boosting Local Industry

Streaming giant's investment to boost cultural exports and strengthen South Korea's global influence in entertainment Netflix announced plans to invest $2.5 billion in South Korea over the next four years, doubling its investment in the country since 2016. The streaming giant's commitment aims

Uncovering the Underbelly of Korea's Housing Market

Uncovering the Underbelly of Korea's Housing Market

Jeonse Scams and Financially Compromised Homes Threaten Tenants The South Korean housing market has been in the spotlight due to skyrocketing prices and a growing demand for affordable housing. Amidst this challenging landscape, tenants seeking rental properties face two increasingly prevalent risks: Jeonse scams and financially compromised homes. These issues

Daegu City and North Gyeongsang Province Face Population Decline, Rapid Aging, and Economic Struggles

Daegu City and North Gyeongsang Province Face Population Decline, Rapid Aging, and Economic Struggles

Daegu City and North Gyeongsang Province (Gyeongsangbuk-do) in South Korea have experienced significant population decline in recent years, with both regions facing the challenges of an aging society, lower birth rates, and economic struggles. Daegu City's registered population has decreased by approximately 22,000, while North Gyeongsang Province

South Korea Needs to Strive for Independent Foreign Policies Amid Geopolitical Tensions

South Korea Needs to Strive for Independent Foreign Policies Amid Geopolitical Tensions

In the midst of escalating tensions in Taiwan and the ongoing US-China trade war, South Korea is seeking to diversify its export markets, while French President Emmanuel Macron emphasizes the importance of an independent foreign policy for the European Union (EU). South Korea has been experiencing a decline in exports

Rising Rents in Seoul's University Districts Underscore Need for Decentralization and Consideration of Mental Health

Rising Rents in Seoul's University Districts Underscore Need for Decentralization and Consideration of Mental Health

Seoul, South Korea – A recent study by the company behind the real estate information platform 'Dabang,' has found that the rent for one-room apartments (with a floor area of 33 square meters or less) in Seoul's major university districts has risen by over 15% in the

South Korea Boosts Global Presence of Domestic Alcoholic Beverages with 'K-Liquor' Brand

South Korea is taking steps to create a unique brand for its domestically-produced alcoholic beverages by introducing the 'K-Liquor' brand for products exported overseas. This initiative aims to make it easier for global consumers to recognize and enjoy Korean alcoholic drinks. To enhance the global competitiveness of traditional

Saemaul Geumgo Bank's Real Estate Loans Raise Concerns Over Asset Safety

Saemaul Geumgo Bank's Real Estate Loans Raise Concerns Over Asset Safety

Saemaul Geumgo Bank, also known as Saemaul Mutual Savings Bank or Saemaul Savings Bank, is facing scrutiny over its real estate project financing (PF) program due to the potential for non-performing loans. Established in 1973 as part of the Saemaul Undong (New Village Movement), the bank has provided large-scale loans