SEOUL, The National Assembly on Saturday passed the 638.7 trillion won (US$497 billion) of government budget for 2023 as well as bills to cut corporate tax rate and delay financial investment income tax amid signs of economic slowdown. The ruling People Power Party (PPP) and the main opposition Democratic Party (DP) approved the Yoon … Read more
SEOUL, James Cameron’s sequel to his 2009 sci-fi blockbuster, “Avatar: The Way of Water,” surpassed 4 million admissions in South Korea in 11 days, data showed Saturday. Released Dec. 14, “Avatar 2” has sold over 4 million tickets, according to the data from the Walt Disney Company Korea. The original “Avatar,” which was … Read more
SEOUL, South Korea’s new COVID-19 cases remained below 70,000 for the second straight day Saturday, while new coronavirus-related deaths hit a three-month high. The country reported 66,211 new COVID-19 infections, including 66 from overseas, bringing the total to 28,600,607, the Korea Disease Control and Prevention Agency (KDCA) said. The number of newly infected … Read more
SEOUL, South Korea’s K-pop physical album sales are at the brink of reaching the 80 million milestone for 2022, thanks to the robust performance of boy band BTS and popular girl groups, a major music chart revealed Saturday. The annual physical sales of the top 400 K-pop albums had stood at 74.2 million as … Read more
SEOUL, Former National Security Adviser Suh Hoon has applied for bail, about two weeks after he was indicted on charges of irregularities surrounding the 2020 death of a South Korean government official at the hands of North Korea, sources said Saturday. Suh’s side filed the request at the Seoul Central District Court on Friday, … Read more
Hong Kong is forecast to grow economically next year after the city’s leader announced the removal of nearly all COVID-19 restrictions on international arrivals and said it would reopen its border with China. But experts say the coronavirus pandemic and geopolitics have hampered Hong Kong’s international status after nearly three years of global isolation. … Read more