South Korea and the United States (U.S.) military resumed large-scale field exercises from August 22nd to September 1st, rebranded as Ulchi Freedom Shield (UFS). The joint exercise used to be conducted as a computer simulation-based training exercise, but this year’s military drill will include an o
Recently, BA.5, one of the most contagious Omicron subvariants of the coronavirus disease 2019 (COVID-19), has been spreading rapidly. In addition, as South Korea confirmed its first case of BA.2.75, a new highly-mutated subvariant of the virus – nicknamed “Centaurus” – concerns have gro
The Seoul government has revealed that discussions on extending late-night taxi hours will start after the local election on June 1st. Recently, while the late-night taxi shortage intensified as the demand surged after social distancing rules were lifted, the number of taxi drivers decreased due to
With the start of President Yoon Seok-yeol’s term on May 10th, the presidential office moved to the Ministry of National Defense compound, and the presidential residence transferred to the residence of the Minister of Foreign Affairs in Yongsan. Consequently, the Ministry of National Defense moved t
To prevent serious accounting scandals, the Financial Supervisory Service (FSS) decided to strengthen its supervision of companies with a high risk of accounting fraud and announced the 2022 Accounting Screening and Inspection Operation Plan on March 27th. As economic uncertainty continues, companie
Farmers’ opposition to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has continued to grow since the previous government. With a free trade agreement (FTA) between countries in the Asia-Pacific area led by Japan, the CPTPP accounts for 15.2% of global trad
With Myongji University on the verge of shutting down, students, as well as entering freshmen, have been voicing their concerns over the impending closure of the university. Myongji Educational Foundation, the private educational foundation of Myongji University, is currently facing potential bankru
Reservations to receive the Novavax vaccine in Korea were officially opened on February 21st via the coronavirus disease 2019 (COVID-19) vaccination reservation system website (ncvr2.kdca.go.kr). The vaccine, also referred to as “Nuvaxovid” and “NVX-CoV2373,” was developed by Novavax, Inc., an Ameri
While the South Korean art industry is flourishing with an approximate ₩915.7 billion market size, two pillars of the industry, galleries and auction houses, are at odds. As Frieze, the worldwide art fair, and the Korea International Art Fair (KIAF), Korea’s largest art fair, will be co-hosted
While former South Korean presidential elections had weighty topics, politicians claim that debatable issues are absent in the 2022 presidential election. Instead, candidates have targeted specific groups with “small but certain happiness” pledges. Examples include the tattoo legalization as promise
On October 25th, the KT internet service was paralyzed for 89 minutes. This event received a lot of criticism since it happened due to a careless inspection system of the company. The network outage occurred around lunchtime on October 25th when they were exchanging a network communication path sett
On October 29th, the Korean government announced that they were securing 270,000 doses of oral vaccine for coronavirus disease 2019 (COVID-19). The United States pharmaceutical company, Merck, developed the oral vaccine called Molnupiravir, and the Korean government completed the contract with them