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South Korean gov’t borrows record 32.5 trillion won from BOK in Q1

The South Korean government has resorted to borrowing a record-breaking 32.5 trillion won from the Bank of Korea (BOK) in the first quarter of this year to make up for a shortfall in tax revenue. This ... read more

South Korea’s national debt hits record high, exceeds 50% of GDP

South Korea’s national debt reached a record $823.6 billion last year, with the debt-to-GDP ratio exceeding 50% for the first time, indicating a faster increase in debt compared to economic growth. read more

S. Korean government clarifies its stance on one-year postponement in med school quota hike

We have not intended to review the Korean Medical Association (KMA)’s suggestion for a one-year halt on expanding medical schools and will continue to hold this stance in the future as well,” South ... read more

Korean sisters named world’s youngest billionaires

Korean sisters named worlds youngest billionaires Forbes 25 youngest billionaires list features South Koreas gaming heiresses who inherited billions from Nexon founder ... read more

Go Youn-jung named NH Bank’s new model, replacing Han So-hee

Go Youn-jung, a South Korean actress who starred in the popular TV series “Alchemy of Souls” and “Moving”, has been named the new model for NH Bank. read more

South Korea plans to host trilateral summit with China, Japan in May

The three countries have held trilateral summits since 2008, with Japan, China, and South Korea taking turns as hosts. Since China hosted the last meeting, it is now South Korea’s turn to host the ... read more

Intel teams up with Naver, challenging Nvidia’s dominance

Intel CEO Pat Gelsinger unveiled its latest AI chip, “the Intel Gaudi 3″ and said that compared to Nvidia’s H100, it is 40% more power efficient and can run AI models 1.5 times faster./Courtesy of ... read more

South Korea’s national debt escalates by 450 trillion won over 5 years

South Korea’s national debt has been rapidly increasing in recent years, reaching nearly 450 trillion won over the past five years (2018-2023). This surge represents a staggering 2.3-fold increase ... read more

Footage reveals prominence of Hyon Song-wol, Kim Jong-un’s close aide

Recent footage from a visit by North Korean leader Kim Jong-un to a construction site in Pyongyang sheds light on the prominence of Hyon Song-wol, the vice director of the propaganda and agitation ... read more

Samsung Electronics Union to initiate strike actions for the first time

The Samsung Electronics labor union has obtained the legal right to strike and has announced plans to initiate strike actions, following a vote in which 74% of union members supported the strike. The ... read more

South Korea’s data center market is booming, but pressure grows on electricity grids

The artificial intelligence (AI) boom is fueling demand for data centers everywhere. Big tech companies like Amazon, Google and Meta have been rapidly building data centers to keep up with the surge ... read more

Zookeeper Kang’s devotion amid personal loss, accompanying Fu Bao to China

Fu Bao, a beloved giant panda born in Korea, began adjusting to his new surroundings with zookeeper Kang Cheol-won, widely recognized as the “Fu Bao grandfather,” by his side. Despite bereaving his ... read more