More than half of South Koreans aged between 40 and 64 held debt last year as more people took out loans to buy homes amid skyrocketing housing prices, data showed Tuesday. The data by Statistics Korea showed that 56.5 percent of people in the age group borrowed money from banks or other financial institutes last year, up 0.2 percentage point from the previous year. The amount of their median d...

BEIJING , Dec. 21, 2021 /PRNewswire/ -- Less than 50 days to the opening of the Beijing 2022 Winter Olympics, the Changbai Mountain scenic area has started its annual ice and snow festival recently. Tourists ride a snowmotor at Changbai Mountain scenic area, in northeast China's Jilin Province, Dec. 27, 2019. (Xinhua/Luo Yuan) The 2021-2022 ice and snow festival features more than 40 activ...

Protracted global supply disruptions could send expected inflation higher and add larger-than-expected upward pressure on inflation in South Korea, a central bank report said Tuesday. The report by the Bank of Korea also said that the global "carbon neutral" initiative could rather exert pressure on inflation by causing imbalances in the supply of and demand for materials needed to produce clean...

As the first concert following the release of their recent two studio albums, “Neo Zone” and “Sticker,” and the repackages, the show was especially focused on delivering live performances of tracks from the albums, including “White Night,” ”Paradise” and “Pilot.” Hitting the night’s climax with “Sticker” and “Cherry Bomb,” NCT 127 turned the mood of the night with the fan song “Dreams Come True....

The number of South Korean workers who took time off to take care of their children rose 3.7 percent in 2020 from a year earlier amid more government support for parental leave, government data showed Tuesday. A total of 169,345 workers took parental leave to take care of their children last year, up 6,089 from the previous year, according to the preliminary data from Statistics Korea. Last yea...

The Sunfull Foundation has held a ceremony to present an award in collaboration with the National Assembly to 61 lawmakers who make positive remarks, the organization said Thursday. The Sunfull Foundation is a non-governmental organization founded by English educator Min Byung-chul in 2007 to counter cyberbullying, hate speech, and human rights violations on the internet. The recipients were ch...

GREAT VICTORY DAY – Bangladesh Ambassador Md. Delwar Hossain hoists Bangladeshi flag and delivers welcome remarks at the Bangladesh Embassy in Seoul on Thursday, paying a rich tribute to Bangladesh’s first president, Bangabandhu Sheikh Mujibur Rahman, who is known as the “father of the nation and the valiant freedom fighters and violated women, whose supreme sacrifices ushered in the independence...

The Embassy of Argentina in Seoul opened the Mafalda Cultural Space to showcase Latin culture in Korea on Thursday. Mafalda is a cultural icon for Argentinians that originates from title of a comic strip character started in 1964 created by Joaquin Salvador Lavado Tejon also known as Quino. The cartoon was eventually published in 27 languages. Mafalda is the name of curious, lively and dedicat...

The ruling Democratic Party (DP) on Tuesday said it is seeking to establish a secondary presidential office in the central administrative city of Sejong following a pledge from its presidential candidate Lee Jae-myung. The DP said its plan to set up a secondary presidential office in Sejong, some 160 kilometers south of Seoul, will be introduced as a party policy at its general meeting Wednesday...

The NC Dinos filled their foreign player quota for the 2022 Korea Baseball Organization (KBO) season Tuesday, signing a new outfielder while retaining two starting pitchers. The Dinos announced they have acquired former major league outfielder Nick Martini on a one-year deal worth up to $800,000. Martini, who will replace Aaron Altherr in the lineup, will make $440,000 in salary, $110,000 in sig...

The romance series "Snowdrop" has sparked criticism that it distorted the history of South Korea's pro-democracy movement of the late 1980s, prompting calls for the show's cancellation and withdrawals of corporate sponsorship. The weekend primetime drama on JTBC is about a romantic relationship between Young-ro, a female South Korean university student, and Su-ho, a North Korean spy, before the ...

North Korea's military is conducting a wintertime exercise, as South Korea and the United States are closely monitoring related moves, Seoul's defense authorities said Tuesday. "We believe that wintertime drills by North Korea's military are under way," Col. Kim Jun-rak, the spokesperson of the Joint Chiefs of Staff (JCS), told reporters. The North usually kicks off a regular military training ...

Ivan Nova, a former 16-game winner for the New York Yankees, is coming to South Korea. The SSG Landers of the Korea Baseball Organization (KBO) announced on Tuesday they signed Nova to a one-year deal at up to US$1 million, the maximum amount of money allowed for new foreign players. The 34-year-old right-hander will make $750,000 in guaranteed salary and $150,000 in signing bonus, and he can pi...

Hossain called upon Bangladeshi workers to uphold their country’s image of loyalty and hard work. He also highlighted the efforts of the Bangladesh government at national and international levels to expand overseas employment opportunities and improve the welfare of expatriate workers. The ambassador also put forward plans to expand the Bangladeshi labor market in Korea. Bangladesh Embassy labo...

Israel is to donate 1 million doses of AstraZeneca’s vaccine against COVID-19 to African countries through the international COVAX vaccine distribution program, the Embassy of Israel in Seoul said in a press statement Thursday. Israel made the pledge after discussing the donation with Israel’s prime minister’s office, Israel’s Ministry of Foreign Affairs and Ministry of Health. According to the...