When the government announced last year it would ban the use of paper cups and other single-use products at restaurants and cafes, there were mixed reactions. Proponents welcomed the eco-friendly move while opponents complained of inconveniences and extra costs. On Tuesday, the government abruptly scrapped the plan that a year prior had sparked different responses from consumers, shop owners and civic groups about its pros and cons. This time, however, people are saying the U-turn was motivated

The debt-ridden working poor face growing economic distress brought on by high interest rates. President Yoon Suk Yeol told a Cabinet meeting last week that small-business owners had said in his town hall that they spend most of their hard-earned money on paying their debt to banks so they feel like they are slaves to banks. Financial Supervisory Service Gov. Lee Bok-hyun said on Monday, “Banks are likely to reach a record interest income of 60 trillion won ($46 billion) this year. Also in

Regulators reimposed a ban on short selling on Monday, which resulted in a big jump in stocks -- a sign that the restrictions were taken as a positive development among investors, at least in the short term. The benchmark Kospi ended up 5.66 percent, the biggest increase since March 25, 2020, as the ban on short selling came into effect Monday, but the index dropped 2.33 percent Tuesday on heavy selling by institutions and foreigners. The ban is scheduled to last until June. The question is whet