National News

South Korean workers' average debt reached a new high in 2021, exceeding KRW 50 million ($41,400) for the first time, according to a recent report by Statistics Korea. Although the growth rate of debt slowed compared to the previous year, it was still the largest increase since the

The Ministry of Justice in South Korea announced on Tuesday that it will be issuing a new type of identification card for foreigners staying in the country for more than 90 days, beginning this Saturday. This marks the first redesign of the Residence Card, previously known as the Alien Registration

Taebaek and Namwon Embrace Prisons to Revitalize Local Economies and Stem Population Loss As the population decline in rural areas across South Korea continues to exacerbate, cities like Taebaek and Namwon are exploring unconventional solutions to address this pressing issue. The construction of prisons is becoming an increasingly popular choice

Korea's Fair Trade Commission (FTC) has unexpectedly delayed its decision on Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), causing growing uncertainty about the timeline for the takeover's approval, say industry insiders on Friday. Hanwha Group inked a deal in late 2021

The Netherlands and Norway have joined a growing list of countries that have recently issued orders banning the use of TikTok on government-issued devices, as concerns grow over the app’s privacy, security, and potential ties to the Chinese government. This decision reflects a growing global trend of governments becoming

Kyochon Chicken Increases Prices by up to 3,000 Won, Consumers Face Higher Costs for Popular Dish South Korea - In response to the sharp increase in food prices and operating costs, the price of fried chicken in South Korea is also skyrocketing. Gyochon F&B, the company operating