Record-breaking rainfall hits South Korea, thousands displaced
WEB22 hours ago · 입력 2024.09.22. 09:40. 0. Sept. 21, heavy rain warnings were lifted across South Korea, prompting the Ministry of the Interior and Safety to deactivate the Central Disaster and Safety Countermeasure Headquarters. However, the record-breaking rainfall caused widespread damage, displacing more than 1,500 people across seven provinces.
English News - The Chosun Daily
WEBBoy band 'KAVE' unveils debut album at showcase. The Chosun Daily is an English-language news website that provides a selection of articles from The Chosunilbo, a major Korean newspaper, and its affiliate, The Chosun Biz, an online news outlet focused on economic and industrial issues, for foreigners interested in Korea.
[Minute to Read] BOK under pressure for policy shift after U.S.
WEB2 days ago · The U.S. Federal Reserve (Fed) implemented a “big cut” by lowering its benchmark interest rate by 0.5 percentage points on Sept. 18. This marks the first rate cut in 4.5 years since March 2020, when rates were urgently lowered to combat the COVID-19 crisis. With this big cut, the Fed has officially ushered in a new era of rate reductions ...
South Korea's local governments embrace the four-day workweek
WEB3 days ago · South Korea’s local governments are increasingly implementing the four-day workweek, which allows civil servants to work longer hours Monday through Thursday in exchange for a three-day weekend. While many praised the new policy for helping employees better manage work-life balance, some …
Editorial: Commander-in-chief should lead with caution on North …
WEB23 hours ago · Editorial: Commander-in-chief should lead with caution on North Korea's nuclear threat. In an interview with Czech media published on September 20, President Yoon Suk-yeol asserted that South Korea has established a system capable of effectively deterring and responding to North Korea’s nuclear …
South Korea's over-65 workforce surpasses young workers for the …
WEB2 days ago · Published 2024.09.20. 08:57. An elderly job seeker perusing the job information board at an employment center in Seoul. / Newsis. For the first time in history, the number of employed South Koreans over 65 has surpassed the number of young Koreans aged 15 to 29, a shift driven by the country’s rapidly aging population.
Editorial: Can South Korea cut rates without fueling a housing …
WEB2 days ago · The country finds itself in a dilemma: the time has come to lower interest rates, but lowering rates risks further inflating the housing bubble. This explains the Bank of Korea’s cautious stance on rate cuts. BOK Governor Rhee Chang-yong has said the central bank will base its interest rate decisions on “domestic factors” rather than ...
Prolonged slump forces South Korea’s one-person businesses to …
WEB3 days ago · Experts argue that the prolonged economic downturn has left small-business owners with no choice but to close their businesses. “The number of closures now exceeds the number of new startups, and one-person businesses are also declining,” said Cha Nam-soo of the Korea Federation of Micro Enterprises. “More and more small business owners ...
National English Section - The Chosun Daily - 조선일보
WEBNational Secion - The Chosun Daily is an English-language news website that provides a selection of articles from The Chosunilbo, a major Korean newspaper, and its affiliate, The Chosun Biz, an online news outlet focused on economic and industrial issues, for foreigners interested in Korea.
Exclusive: "North Korea has no hope under Kim Jong-un's regime"
WEBJul 16, 2024 · Ri Il-gyu, a defected former counselor who worked at the North Korean Embassy in Cuba, speaks during an interview with the Chosun Ilbo in Seoul on July 14, 2024. He said that he participated in the interview to "inform more people about the realities of the hopeless Kim Jong-un regime." /Kim Ji-ho. Ri …