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Won Weakens to 1,480 per Dollar for First Time in Nearly 16 Years
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Latest News from Korea
- Korea’s new acting president assures economy resilient, security tight
Acting President Choi Sang-mok convenes the National Security Council at the government complex building in Seoul on Dec. 27, 2024 (Courtesy of Yonhap) South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national security is tight despite growing concerns about political wrangling between the rival parties over President… Read more: Korea’s new acting president assures economy resilient, security tight - Korean startup M&As halve with smaller deal size(Courtesy of Getty Images) Mergers and acquisitions of South Korean startups halved in value in 2024 as conglomerates and Big Tech firms such as Naver Corp. and Kakao Corp. snapped a buying spree to shore up their financial health. With the domestic IPO market stumbling, the narrowing exit window for startups kept venture capitalists from pumping money into fledgling companies.… Read more: Korean startup M&As halve with smaller deal size
- South Korea’s Acting President Han impeached; Stocks, won plummetNational Assembly Speaker Woo Won-shik Han Duck-soo, South Korea’s acting president and prime minister, was impeached at Parliament on Friday in a deepening political crisis, battering the already-weak economy, Asia’s fourth-largest. This marks the first time in the nation’s history that an acting president has been impeachment. With his job suspended, Choi Sang-mok, the finance minister and deputy prime minister,… Read more: South Korea’s Acting President Han impeached; Stocks, won plummet
- Hanwha Systems to export K11’s tactical control to EgyptHanwha Systems Co., a leading South Korean defense company, said on Monday it will export fire tactical control systems of K11 Fire Direction Center Vehicle and K9 advanced version K9A1 to Egypt. The size of the two contracts is 30.5 billion won ($20.7 million) and 44.3 billion won, respectively. The company plans to deliver initial batches in the first half… Read more: Hanwha Systems to export K11’s tactical control to Egypt
- Catchtable to offer restaurant reservation service in JapanWad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, launched the beta service for offering restaurant reservations in Japan. According to Wad on Friday, the startup cooperated with Omakase Japan Eatinerary (Omakase JE), the official partner of Japan Michelin. All of the 500 Japanese restaurants that can be booked on the CatchTable app are… Read more: Catchtable to offer restaurant reservation service in Japan
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]
