Finance Minister Hong Nam-ki said Wednesday the government will closely monitor foreigners' real estate transactions in a bid to prevent cross-border flows of illegal funds and crack down on dubious deals. The government unveiled a set of measures to prevent foreigners from illegally buying real estate as some non-residents are found to have taken undue profits from property transactions. To monitor any illegal money flows, the Bank of Korea (BOK) and the Korea Customs Service will set up an i

South Korea will secure an additional 10,000 hospital beds for patients with moderate to serious cases of COVID-19 by the middle of next month, raising their total number to 25,000, Prime Minister Kim Boo-kyum said Wednesday. The plan comes as the country has experienced a shortage of hospital beds due to alarming increases in the number of critically ill COVID-19 patients. Kim said the additional beds will enable hospitals to cope in a situation where daily COVID-19 cases reach 10,000. Recent

South Korea's new coronavirus cases spiked to above 7,000 on Wednesday, and the number of critically ill patients surged to a record high. The country added 7,456 more COVID-19 cases, including 7,365 local infections, bringing the cumulative total to 583,065, the Korea Disease Control and Prevention Agency (KDCA) said. Wednesday's tally is sharply up from 5,318 on Monday and 5,202 on Tuesday. The number of new daily cases usually shrinks at the beginning of the week due to less testing over th

  지난 주에 이어 우리 일상의 대화를 좀 더 세련되게 만들 수 있는 표현들을 보겠습니다. 저희 책 『나는 더 영어답게 말하고 싶다 일상회화 편 2』에서 뽑은 표현들입니다.   <언어생활에 관한 다양한 표현들> 1 A She was tight-lipped about her engagement with the movie star. B Maybe she didn’t want a lot of attention. A 그 사람 유명한 영화배우와 약혼한 것 말 안 하고 있었어. B 주목을 많이 받고 싶지 않아서였을 거야. SITUATION 어떤 문제에 대해 입을 다문다고 할 때 평범하게 The software company didn’t say a word about the hacking incident. 영어답게 The software company remained tight-lipped about the hackin

　Isolation. Anxiety. Uncertainty. The stresses of the coronavirus pandemic have taken a toll on Americans of all ages, but a new poll finds that teens and young adults have faced some of the heaviest struggles as they come of age during a time of extreme turmoil. 　Overall, more than a third of Americans ages 13 to 56 cite the pandemic as a major source of stress, and many say it has made certain parts of their lives harder. But when it comes to education, friendships and dating, the disruption

South Korean stocks opened steeply higher Wednesday, tracking overnight rallies on Wall Street that stemmed from easing fears about the impact of the omicron variant on the global economy. The benchmark Korea Composite Stock Price Index (KOSPI) rose 18.95 points, or 0.64 percent, to trade at 2,993.98 points in the first 15 minutes of trading. The KOSPI got off to a bullish start, led by tech and auto advances. Overnight, the tech-heavy Nasdaq composite jumped 2.4 percent and the Dow Jones

Hyundai Motor Co., Mercedes-Benz Korea and four other companies will voluntarily recall more than 34,000 vehicles to fix faulty components, the transport ministry said Wednesday. This is the latest in a series of recalls by carmakers operating in South Korea due to problems with vehicle components. The six companies, including Hyundai's smaller affiliate Kia Corp., Toyota Motors Corp. and Stellantis Korea, are recalling a combined 34,639 units of 13 different models, the Ministry of Land, In

Corporate direct financing by firms in South Korea grew 1.6 percent in November from a month earlier due to an increase in bond sales, data showed Wednesday. Local companies raised a combined 19.45 trillion won ($16.3 billion) by selling stocks and bonds last month, up 300.3 billion won from the previous month, according to the data from the Financial Supervisory Service. Direct financing refers to raising funds directly from the stock and bond markets without borrowing from banks and other fi

North Korea's mortality rate for children under age 5 was estimated at 17 per 1,000 births last year with a 3.2 percent annual rate of reduction over the past three decades, a recent UN report showed. The number is down from 43 in 1990 and 60 in 2000, according to the Level and Trends in Child Mortality: Report 2021. The global average of under-five mortality rate came to 37 per 1,000 in 2020, while the comparable figure for South Korea declined from 16 in 1990 to eight in 2000 and three last

In a bid to penetrate the US electric vehicle market, Posco International said Tuesday it is opening a Mexico office to oversee the production plant of a core component. The component, the rotor motor core, is used to generate electricity in electric motors. The decision has been approved by the board, the trading arm of Korea’s leading steelmaker said. Some 52 billion won ($43.6 million) will be invested in building the facility, of which 80 percent will be funded by Posco Internat

On the campaign trail in 2020, then candidate Joe Biden posed as hawk on Russia. In response to reports (later discredited) that then President Donald Trump had ignored intelligence suggesting Russia had paid for bounties on US forces in Afghanistan, Biden declared that Trump’s “entire presidency has been a gift to Putin.” Biden’s attitude was partly explained by his party’s obsession with the (also discredited) theory that Trump conspired with Russia to win the 20

Many Koreans often lament that they have not had great leaders with legacies such as John F. Kennedy, Winston Churchill, Nelson Mandela, or Abraham Lincoln: If South Korea were lucky enough to have had such famous leaders, she would surely have been a more advanced and admirable country. Facing the Presidential Election Day in March 2022, many Koreans wish to have a great leader comparable to the above-mentioned political leaders. Thus, they wonder; “What would happen if one of those great