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(LEAD) Daegu unveils statue of former President Park Chung-hee despite strong protests by civic groups
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New Balance logo (Courtesy of Dreamstime.com) South Korea’s retail giant E-Land Group has managed to post 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel brand New Balance, of which E-Land has the exclusive sales license in the country. According to fashion industry sources on Monday, the Korean sales of products under the New… Read more: E-Land manages New Balance’s record $689 million in Korean sales - S.Korean gov’t to lift two-bottle limit on duty-free alcoholChoi Sang-mok, South Korean Deputy Prime Minister and Minister of Economy and Finance Minister South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the domestic duty-free shop businesses. Choi Sang-mok, South Korean Deputy Prime Minister and Minister of Economy and Finance Minister said on Monday that the… Read more: S.Korean gov’t to lift two-bottle limit on duty-free alcohol
- Korea to relax FX rules by December to boost dollar sellingThe won closed domestic trade at 1,452.4 to the dollar on Monday, hovering its lowest point in more than 15 years low South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) and the Bank of Korea by the end of this month, said Choi Sang-mok, deputy… Read more: Korea to relax FX rules by December to boost dollar selling
- Talos dives deeper into brain aneurysm icebergsANRISK mockup image (Courtesy of Talos) One neurosurgeon is expected to perform surgery on an average of about 10,000 patients with brain aneurysms in the course of their professional career. But a new brain aneurysm screening tool could prevent hundreds of thousands of such patients from life-threatening conditions, said the chief of South Korean startup Talos Corp. In early 2024,… Read more: Talos dives deeper into brain aneurysm icebergs
- Korea Inc. to face refunding risks with record corporate bond maturitiesSouth Korean 50,000-won banknotes (File photo by News1) South Korean companies are expected to face refunding risks with record corporate bond maturities in the first half of 2025 as fundraising conditions deteriorate amid the prolonged political uncertainties following President Yoon Suk Yeol’s surprise martial law declaration. Corporate bonds worth 49.8 trillion won ($34.4 billion) are set to mature in January-June… Read more: Korea Inc. to face refunding risks with record corporate bond maturities
Latest Entertainment from Korea
- Joseon : YOUTHiNASiAJoseon’s YOUTHiNASiA is a great introduction of the band but it’s missing a true cohesive tone that could come with experience Written by Chris P for Korean Indie.
- Trickyneko : Sound of MindTrickyneko returns and delivers a melancholy album that fits the time we live in Written by Chris P for Korean Indie.
- NCT Dream’s Jisung Graces CHIC Magazine’s January 2025 Cover: A Rising Star’s MilestoneNCT Dream’s youngest member Jisung has kicked off 2025 with a stunning magazine cover that’s capturing the attention of K-pop fans worldwide. The talented idol has been selected as the cover star for CHIC Magazine’s January 2025 issue, marking another significant moment in his rapidly evolving career. A Photographic Triumph The cover, which has already generated considerable excitement among fans,… Read more: NCT Dream’s Jisung Graces CHIC Magazine’s January 2025 Cover: A Rising Star’s Milestone
- K-pop Sensation SEVENTEEN Crowned “Top K-pop Touring Artist” at 2024 Billboard Music AwardsGlobal powerhouse SEVENTEEN has achieved a remarkable milestone, securing their first-ever Billboard Music Award for “Top K-pop Touring Artist” at the 2024 ceremony. This prestigious accolade recognizes the group’s outstanding success in live performances and touring over the past year. Understanding Billboard Boxscore Billboard Boxscore is a comprehensive system that tracks and reports on concert and tour data, including ticket sales,… Read more: K-pop Sensation SEVENTEEN Crowned “Top K-pop Touring Artist” at 2024 Billboard Music Awards
- IU Crowned Billboard Korea’s No. 1 Artist of the Year: A Look at Her Remarkable JourneyImage Credit: Buy The Flag On Amazon Here. All Rights are with EDAM Entertainment. South Korean singer-songwriter and actress IU has been named Billboard Korea’s No. 1 Artist of the Year, a title that cements her status as one of the most influential and beloved figures in the K-pop industry. Known for her versatility, heartfelt lyrics, and unmatched vocal talent,… Read more: IU Crowned Billboard Korea’s No. 1 Artist of the Year: A Look at Her Remarkable Journey
Learn People & History of Korea
- The Rise and Fall of Martial Law and Dictatorships in Korea: A Tale of People’s PowerIntroduction to Martial Law in Korea Martial law is a legal framework that enables the government to assume control and maintain order in times of crisis or emergency. It typically involves the suspension of ordinary law and the imposition of military authority over civilian governance. In Korea, the imposition of martial law has been a significant historical phenomenon, especially during… Read more: The Rise and Fall of Martial Law and Dictatorships in Korea: A Tale of People’s Power
- The Evolution of Korean Democracy: A Journey Through Suppression and ResistanceAncient Foundations of Korean Governance The early governance systems of Korea can be traced back to ancient states such as Gojoseon and the subsequent Three Kingdoms period, which laid a significant foundation for Korean democracy. Gojoseon, established around 2333 BCE, is recognized as the first Korean kingdom. Its political structure was characterized by a centralized governance system governed by a… Read more: The Evolution of Korean Democracy: A Journey Through Suppression and Resistance
- The Influence of China and Japan in Modern Korean HistoryIntroduction The Korean Peninsula, situated at the northeastern edge of the Asian continent, has historically occupied a pivotal geographic position in East Asia. Bordered by China to the northwest and Japan to the east, Korea has long been a crossroads of cultural and political exchanges. This unique location has contributed to the complex interplay of influences it has experienced from… Read more: The Influence of China and Japan in Modern Korean History
- A Journey Through Time: The History of Korean Art
Introduction to Korean Art Korean art, a vital reflection of the nation’s rich heritage and cultural evolution, holds a unique place within the broader tapestry of East Asian art forms. Distinguished by its innovative spirit and aesthetic principles, Korean art dates back thousands of years, offering insights into the historical context and socio-political dynamics of the region. As both a… Read more: A Journey Through Time: The History of Korean Art - A South Korean soldier forcibly cuts a young man’s hair in front of others during a nationwide crackdown on men with long hair and women wearing short skirts in South Korea – 1970sThis was during the Fourth Republic of South Korea. The President Park Chung-hee was declared dictator of South Korea for 18 years until he was assassinated and replaced in a coup-de-etat for about 3 years. I’ll post some links about it: https://en.wikipedia.org/wiki/Fourth_Republic_of_Korea https://en.wikipedia.org/wiki/Park_Chung-hee https://en.wikipedia.org/wiki/Assassination_of_Park_Chung-hee submitted by /u/goodhot0006 [link] [comments]
