Saudi Arabia announced on October 5th that it would step up cooperation with China in the energy supply chain in response to a recent decision concerning a reduction in oil supplies that resulted in a dispute with the United States (U.S.). On the 21st, the Minister of Energy of Saudi Arabia, Prince
The Chinese Communist Party (CCP) held the first plenary session of the Central Committee on October 23rd and finished the constitution of leadership that will lead the party for the next five years until 2027. Chinese leader Xi Jinping holds the most powerful positions in China: general secretary o
The Kakao outage, which began on October 15th and lasted for approximately 127 hours and 30 minutes, was brought on by a fire at the SK C&C data center in Pangyo, which disrupted all critical services. Kakao restored the message sending and receiving functions by 1:30 a.m. the next day, and restored
When the governor of Gangwon Province, Kim Jin- tae, refused to pay the Legoland debt guarantee of ₩25 billion, it turned the financial market into chaos. Legoland opened this year on Children’s Day after Gangwon Province and Nick Barney Merlin Entertainment agreed to an investment deal. Gangwon Pro
Nationwide protests intensified in Iran after Mahsa Amini, a 22-year-old woman, died in police custody for not wearing her hijab correctly. According to the Iran Human Rights (IHR), at least 185 people, including 19 children, have been killed by the police since October 8th. The Morality Police arre
Queen Elizabeth Ⅱ, the previous monarch of the United Kingdom (U.K.), passed away on September 8th at the age of 96. Her funeral was held at London’s Westminster Abbey, and several billion mourners participated worldwide. As the Queen passed away, Prince Charles was declared the new monarch of the U
Jeon Ju-hwan, a 31-year-old subway station worker, was referred to prosecution on September 21st for murdering a female colleague. The perpetrator, an employee of the Seoul Metro, allegedly stabbed the victim to death in Sindang Station on September 14th and has twice been accused of stalking the vi
The controversy around the new revision of the “Trade Union and Labor Relations Adjustment Act,” which restricts corporations’ damage lawsuits against labor unions, has been ongoing. The law was proposed on September 15th as the so-called “Yellow Envelope Bill.” The name comes from the yellow envelo
Heathrow Airport in London, England, has announced that they would extend the period of the capacity curbs on the number of passengers traveling through the airport until October 29th. Heathrow Airport’s maximum number of daily passengers is currently 100,000. The curb was to last until September 11
On August 15th, a delegation from the Congress of the United States (U.S.) met Taiwan’s dignitaries and discussed the relationship between the U.S. and Taiwan’s trade investment, and the global supply chain. The American Institute in Taiwan (AIT) explained that the visit reflected stable support of
On August 16th, during a meeting of high prosecutors, the Supreme Public Prosecutor’s Office (SPO) announced that they would take stern action against increasing narcotic and organized crimes. During the first half of this year, the total number of drug offenders was 8,575, a 13.4% increase compared
In August, Korea suffered from one of the heaviest rainfalls in decades. There were losses of life and damage to property, including several basement dwellings. Therefore, on August 16th, the Yoon Suk-yeol administration announced the first housing supply measures of 2.7 million houses in five years
Sri Lanka is an island country located in South Asia, in which the Rajapaksa family has dominated the country’s politics for the past two decades. Due to problems including nepotism among the political class, the collapse of tourism, and shortages of essential goods, Sri Lanka has faced one of the w
The United States (U.S.) Consumer Price Index (CPI) figures for June 2022 reached 9.1%, the highest in nearly 41 years. These high inflation numbers have led the U.S. Federal Reserve, also known as the Fed, to hike the interest rates further. On July 17th, the Wall Street Journal reported that the F
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 yen exchange rate against the dollar soared to ¥131.5 on April 28th, the highest in 20 years. Until now, Japan has depreciated the yen value through quantitative easing to activate the economy. Former Prime Minister Shinzo Abe had implemented a stimulating policy called Abenomics, a policy t
Elon Musk, the chief executive officer (CEO) of Tesla, the electronic car manufacturer, took over Twitter at $44 billion. The Board of Twitter agreed to sell the company to Musk for $54.2 per share, which is a 38% premium over the stock price on April 1st. Bret Taylor, Twitter’s independent Board Ch
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