Inflation in South Korea 2nd highest in region: IMF
The International Monetary Fund said inflation would hit 4% this year, second behind only New Zealand, in partly due to the war in Ukraine.
Korea
Kim Jong Un commends Moon’s efforts in a rare letter. What’s behind it?
Experts say Pyongyang seeks to win Moon over, as well as to keep incoming Yoon government in check.
South Korea downgrades disease level of Covid-19 with 4-week transition period
Once the disease level is downgraded, Covid-19 patients will be free of the seven-day self-quarantine and be able to receive treatment at local clinics and hospitals.
Internal feud erupts within Korea’s Democratic Party over prosecution reform bill
The bill is allegedly being pushed too hastily by the liberal party and has been met with dispute from other members.
Korea’s return to school greeted with excitement, hesitation
While some parents are excited for schools to return to normalcy, others show concern over the lifting of social distancing measures.
Plans for new Korean presidential residence raise concerns
A transition team official said the residence is unsuitable to accommodate all the necessary security facilities for the president.
South Korea’s longest serving fiscal chief to retire amid mixed reviews
While some say that Hong Nam-ki has uplifted the economy, critics argue he has taken the lead in reckless use of taxpayers’ money despite mounting government debt.
Korea’s lifting of outdoor mask mandate to be decided early May
The government will first implement its four-week transition period before finally downgrading the Covid-19 infectious disease level.
Appeasement policy for North Korea needs to change: Foreign minister nominee
Park Jin also said the incoming Yoon administration will maintain consistency with its policies of pressure and persuasion for denuclearization of the North.
S. Korea, US kick off military drills as N. Korea gears up for massive military parade
South Korea’s Joint Chiefs of Staff stated that the military drills are “defensive in nature” and based on a computer simulation without a field training exercise element.