July 10, 2024

(EDITORIAL from Korea Herald on July 10)

South Korea’s household loans surged at an embarrassing pace last week, ringing alarm bells for financial authorities over local home buyers rushing to take out mortgage loans from banks, often beyond their repayment capacity, in a bid to ride a reco…

(EDITORIAL from Korea JoongAng Daily on July 10)

A strike hit Samsung Electronics for the first time since its foundation in 1969. The National Samsung Electronics Union, the largest labor union in Korea, started a three-day general strike from Monday. The union demands a “rational wage increase” a…

(EDITORIAL from Korea Times on July 10)

The People Power Party’s (PPP) leadership selection process is taking a surprising turn ahead of the ruling party’s national convention on July 23.

The disclosure on July 4 of texts sent by first lady Kim Keon Hee to former PPP interim chief Han Don…

S. Korea adds fewer than 100,000 jobs for 2nd month in June

South Korea added fewer than 100,000 jobs for the second consecutive month in June, data showed Wednesday.

The number of employed people came to 28.91 million last month, up 96,000 from a year earlier, according to the data compiled by Statistics Ko…

Olympic weightlifter takes long-term view, eyes gold in 2028

Most athletes good enough to compete in an Olympic Games dream of winning a gold medal. Saying, “I want to win a silver medal!” doesn’t quite have the same ring to it as declaring, “My goal is to win a gold medal and nothing less!”

South Korean weig…