The United States is by far the biggest contributor to global plastic waste in the world, according to a new report submitted to the federal government that called for a national strategy to tackle the growing crisis. 　Overall, the US contributed around 42 million metric tons in plastic waste in 2016 - more than twice as much as China and more than the countries of the European Union combined, according to the analysis.  　On average, each American generates 130 kilograms of plastic wast

Ruling party presidential candidate Lee Jae-myung and his main opposition rival Yoon Suk-yeol are in an increasingly tight race, with one opinion poll putting Lee ahead of Yoon and another survey showing contrary results. In a Korea Society Opinion Institute (KSOI) survey of 1,008 adults, Lee led with 40.3 percent against Yoon's 37.4 percent, though the gap was within the margin of error of plus or minus 3.1 percentage points at the 95 percent confidence level. But a Realmeter poll of 3,043 pe

"Spider-Man: No Way Home," Marvel's latest Spider-Man series film, is smashing the South Korean box office to become the most-watched movie in the first week since the pandemic, data showed Monday. The blockbuster attracted 1.74 million people from Friday-Sunday, bringing its cumulative total to 2.27 million in the five days following its release, according to the data by the Korea Film Council. It is the largest five-day record by a film released since the COVID-19 pandemic started

South Korean stocks opened steeply lower Monday, tracking last week's fall on Wall Street stemming from virus concerns. The benchmark Korea Composite Stock Price Index (KOSPI) declined 29.65 points, or 0.98 percent, to 2,988.08 points in the first 15 minutes of trading. Most large caps traded lower in Seoul. Top cap Samsung Electronics shed 0.9 percent, and No. 2 chipmaker SK hynix decreased 0.41 percent. Internet portal operator Naver retreated 1.95 percent, leading chemical firm LG Chem fe

Police have earmarked over 700 million won ($590,000) for the security details of major presidential candidates, officials said Monday. According to police, 762 million won has been set aside for security-related funds for the March presidential election, including those for candidates' close-up security, equipment and transportation support. The budget marks an increase from 728 million won in the previous presidential election. Candidates of the ruling and main opposition parties, Lee Jae-m

South Korea's state power firm Korea Electric Power Corp. (KEPCO) said Monday it will freeze the country's electricity rates in the first quarter of 2022 amid rising inflation. KEPCO said it has decided to set the adjusted unit fuel cost at zero won per kilowatt-hour for the January-March period of next year, the same as that three months earlier. Late last year, KEPCO adopted a flexible electricity rate system linked to global fuel prices in a move to improve its profitability. It previously

Dividends by South Korea's four major financial holding firms are expected to hit an all-time high in 2021 as they have decided to return more of their bumper profits to shareholders, sources said Monday. The combined dividend payout of the four is likely to reach around 3.83 trillion won ($3.23 billion) this year, according to the sources and an estimate by Yonhap Infomax, the financial news arm of Yonhap News Agency. It would represent the largest-ever dividend payout by the four holding com

Income and wealth inequality is unjust, and yet the world continues to tolerate rising injustices, the most recent being inequalities in vaccine distribution. French political economist Thomas Piketty and his colleagues at the World Inequality Lab have just published the World Inequality Report 2022, a real goldmine in data and insights on global inequalities. I found at least three nuggets inside that are blindingly obvious. First, inequality is primarily a political issue. We can all do so

This year marks the 300-year anniversary of Peter the Great’s declaration of himself as emperor and Russia as an empire. But it also marks another important date: 30 years since the dissolution of the Soviet Union in December 1991. In Vladimir Putin’s Russia, the first is a cause for celebration, the second for regret. During his two decades in power, Putin has spared no effort dismantling Russia’s embryonic democracy and restoring Russia to its former glory. This is Putin&rsqu

When I was little, I frequently watched the movie “Home Alone” during the holiday season. The movie became a must-see for the holiday, just as “The Nutcracker” is an essential Christmastime performance. Although I watched “Home Alone” every year, it never got old. I cannot imagine spending Christmas without it. When I was a graduate student in Boston, I was approached by my friend who asked me about John Williams. She had an extra ticket to a Williams concert