Tag: Korean news

  • Diplomacy urged to ease concerns over US CHIPS Act

    South Korea\’s semiconductor industry is under pressure to choose a side in the rivalry between the US and China as Washington announced requirements for its $52bn semiconductor funding program. The South Korean government is also concerned as the requirements of the CHIPS Act call for subsidy applicants to share business information and excess profits with the US government, leading to calls for South Korean President Yoon Suk Yeol to negotiate directly with US President Joe Biden. However, the incentives set out in the act come with several strings attached that industry watchers claim are too burdensome for subsidy recipients, with conditions including providing sensitive operational information, sharing a portion of any profit that exceeds projections, and limits on Chinese operations. Industry observers call for the South Korean government to play a more active role in easing concerns, especially on issues such as information sharing and investment in China.



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  • ‘A Clean Sweep’ entertains baseball fans ahead of 2023 KBO season

    JTBC\’s baseball reality show \”A Clean Sweep\” will be hosting an exhibition match on March 19th. The show follows the CK Monsters, a team of former professional baseball players, as they complete 30 matches with a winning percentage of 70 against non-professional teams. After their last match against the Doosan Bears, the team recorded a 72.4 winning percentage, allowing them to play in the 2023 season. The team is now recruiting new members in order to return as a stronger team. The match will be held with fans and spectators in attendance before the 2023 Korea Baseball Organization regular season. Tickets will be available via the online ticketing website Ticket Link starting March 6th. The show will also return to the small screen in April and will be available on Tving and Netflix.



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    Pakistan Politics, Relations & Current Affairs – Foreign Policy
    Drones Are Transforming South Asian Warfare. The latest India-Pakistan conflict showed how drones are changing the way countries fight.


  • [Robert J. Fouser] Joe Biden visits Kyiv

    Today marks one year since Russia launched a full-scale invasion of Ukraine. US President Joe Biden visited Kyiv to underscore the US commitment to Ukraine, while Russian President Vladimir Putin stated that the war would continue indefinitely. The past year has seen much loss of life and suffering, but Ukraine has made strides in reclaiming land. Fears of a broader war that might involve nuclear weapons have ebbed and flowed. Nations bordering Russia fear that they may be next, and NATO, EU, and US allies have worked to bolster Ukraine. Economic sanctions have not changed Russia\’s behavior, as China and India continue to trade freely with them. As the war continues, world leaders are beginning to consider the postwar period and how the war may end. Domestic politics in the US and other countries could erode support for Ukraine, making it more difficult for Biden to gain the upper hand and end the war. Follow my Facebook group to stay up to date on the latest news and developments surrounding the war in Ukraine.



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  • S. Korea vows more incentives for foreign investment in key areas

    South Korea\’s Trade Minister Ahn Duk-geun has announced plans to provide incentives to overseas businesses investing in high-end industries playing key roles in the supply chain. The government will also revamp supportive measures and improve the investment environment to further prop up foreign investment that contributes to the country\’s economic growth. Last month, foreigners pledged to invest a record $30.45 billion here in 2022. To make the market more accessible for overseas investors, South Korea will provide more legal information in English, as well as expand communication with foreign companies. Follow our Facebook group to stay up to date on the latest news and developments from South Korea\’s Trade Ministry.



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  • [Hal Brands] Ukraine’s future is not in NATO

    Ukraine\’s struggle against Russia is entering its second year with no end in sight. However, the country will need continued support from the West to ensure their security against a Russian regime that does not acknowledge their right to exist. Plan A for Ukraine may be membership in NATO, but that is unlikely to happen due to their ongoing border disputes. Plan B is to be closely affiliated with the West and build a powerful military to protect their independence. This strategy has its challenges, and the US and its allies will have to fund Ukraine\’s defense for the foreseeable future. Follow my Facebook group to stay updated on the latest news about Ukraine and their struggle against Russia.



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  • Seoul wary of reduced disclosure of radioactive elements in Fukushima wastewater

    [

    \"Prime

    Prime Minister Han Duck-soo (Yonhap)

    Japan\’s nuclear regulation authority tentatively confirmed plans Wednesday to narrow the scope of radioactive elements to be monitored in the radiation-contaminated water from quake-stricken Japan\’s Fukushima Daiichi nuclear power plant, the South Korean Prime Minister\’s Office said in a statement Wednesday.

    The types of nuclides under the monitoring has been reduced from 64 to 30, according to Prime Minister Han Duck-soo\’s office.

    The Seoul government pledged to place the Korean people\’s safety as the priority and ensure that the wastewater is treated according to international standards. Moreover, the government will continue to be engaged in the scientific and technological review of Tokyo Electric Power Co.\’s plan, as well as the International Atomic Energy Agency\’s wastewater analysis.

    This came after the Ministry of Foreign Affairs raised the possibility of the narrowing down of the scope of radioactive elements earlier this month. A spokesperson at the Foreign Ministry said on Feb. 10 that such a decision came upon the request of the IAEA.

    Tokyo unveiled plans to release the wastewater by as early as this spring.

    Japan has claimed that the contaminated water was treated by its own nuclide removal system called Advanced Liquid Processing System. The IAEA has endorsed Japan\’s claims that the release meets international standards.

    Some 1.3 million tons of wastewater — enough to fill about 500 Olympic-size swimming pools — was used to cool down the quake-hit nuclear reactors, and is being stored at the site. Tokyo announced plans to release the water in 2021.

    Recent research jointly conducted by the Korea Institute of Ocean Science and Technology and the Korea Atomic Energy Research Institute indicated some of the nuclides, in particular tritium, could potentially reach South Korean waters within the next four or five years. The impact of it, however, could be \”hard to detect,\” with about 0.001 becquerel per cubic meter 10 years after the release, research results indicated. A becquerel is a unit of measurement for radioactivity, with even one full becquerel being a tiny amount as relates to human health.

    The deadly tsunami in 2011 broke down the nuclear reactor cooling system and melted down three reactors in the Fukushima nuclear power plant in eastern Japan.

    By Son Ji-hyoung (consnow@heraldcorp.com)





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  • Hybe becomes largest shareholder in SM Entertainment  

    [

    \"Hybe

    Hybe headquarters (Hybe)

    Hybe, the K-pop company behind boy group BTS, said Wednesday it has acquired a 14.8 percent stake in its industry rival SM Entertainment to become its largest shareholder.

    Hybe said in a regulatory filing that it has paid for the purchase earlier than scheduled.

    On Feb. 10, the company agreed to buy the shares from SM‘s founder and former chief producer Lee Soo-man for 422.8 billion won (US$335.8 million) and said the deal will be sealed on March 6. Lee had an 18.46 percent stake in SM at that time.

    Lee’s remaining stake in SM will also go to Hybe within this year as the deal included a put option that gives Lee the right to sell the remaining shares at a specific price within a month from either the time when the business combination is approved or the day when the deal is sealed.

    Industry experts say the early settlement of the deal was aimed to stably end the acquisition process by becoming its largest shareholder as early as possible ahead of a meeting of SM shareholders next month.

    Hybe CEO Park Ji-won stressed in a message sent to SM‘s artists and their fans, employees and shareholders that his company respect what the rival agency’s “SM 3.0” growth strategies aim to achieve.

    SM has recently announced the strategies centered on establishing a multi-production and label system, and using the intellectual property rights of its artists also for products other than music, such as merchandise and games.

    “We‘ll actively support SM artists seeking chances to advance into overseas markets using the know-how and global network that we have built so far,” Park said.

    Hybe will share its know-how of leading overseas K-pop markets in the United States, South America and India, among others, he added.

    Hybe is home to global K-pop acts, such as BTS, Seventeen, Tomorrow X Together, Enhypen, NewJeans and Le Sserafim, while SM Entertainment is one of the country’s top K-pop agencies, with big-name K-pop acts like EXO, Red Velvet, NCT and aespa under its belt.

    “Hybe SM Entertainment will work together to create the best company that can stand shoulder to shoulder with the world‘s top three major music companies,” he said.

    Meanwhile, SM Entertainment said it will hold a meeting of shareholders on March 31 to elect new board members.

    SM Entertainment also proposed to pay a dividend of 1,200 won per share, as it posted record profits last year. (Yonhap)





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  • Korea declares emergency measures over children’s health care crisis

    [

    South Korean hospitals are scrambling to keep their children’s units running, with the government declaring emergency measures Wednesday to keep the faltering pediatric health care system afloat.

    In an emergency briefing, Minister of Health and Welfare Cho Kyoo-hong said his ministry would be adding more public pediatric intensive care centers, and implement a compensation system that will prompt larger hospitals to operate pediatric emergency rooms around the clock.

    “Investments in the pediatric medical system are investments in the future of our country,” he said.

    Earlier the same day, President Yoon Suk Yeol visited the Seoul National University Hospital’s pediatric ward and told staff that looking after the health of children was “the country’s top priority.”

    “Nothing is more important than making sure our children are getting the health care services they need,” he said. “To do that we have to build a strong pediatric medical system, especially for children in intensive care, and compensate our medical workforce better.”

    Overworked but underpaid

    In December last year, the 1,500-bed Gachon University Gil Medical Center, the largest hospital in Incheon alongside the state-run Incheon Medical Center, announced it was halting admissions of pediatric patients.

    The key reason behind what is meant to be a temporary closedown was a yearslong shortage of trainee doctors, known as residents, in pediatrics. The shortages forced existing pediatricians to be overworked.

    At the same Gil Medical Center in 2019, a pediatrics resident died while on late shift. An investigation by the Korean Intern Resident Association at the time revealed he had been working 188 hours per week on average, sometimes working as long as 50 to 55 hours per shift.

    The working conditions for residents are no better in other hospitals.

    One of the largest hospitals in Seoul in 2019 came up with a policy to not to let a single shift last longer than 36 hours. But in “emergencies,” working up to 40 consecutive hours was permissible. The Intern Resident Association said in a statement December last year that at most hospitals, residents still worked a 36-hour shift at least two to three times a week.

    Not only in Incheon but across the country, pediatricians’ offices are closing down and hospitals are limiting their pediatric services.

    In 2021, about 120 pediatric clinics ran out of business, more than any other specialty. The Korean Pediatric Society’s survey from September last year showed that across the country, only 36 percent of hospitals large enough to train residents had 24-hour pediatric emergency units.

    COVID-19 dealt a blow to pediatricians all over, but the root causes run deeper. Pediatricians say the crisis has been in the making for the past two decades.

    “The fees for pediatric services have been nearly the same since the time when a million babies were born a year. Now less than 250,000 babies are being born a year,” Dr. Ma Sang-hyuk, who has worked as a pediatrician since 1995 at Fatima Hospital in Changwon, South Gyeongsang Province, said in a phone call with The Korea Herald.

    “Simply calculated, this means pediatricians now can expect to make a quarter of what they would have made in the 1990s.”

    Almost all pediatric care is covered by the National Health Insurance Service in Korea, which means that pediatricians are remunerated mostly through patient consultation fees. In other words, how much a pediatrician makes is dependent on how many patients they see.

    According to the Health Ministry’s statistics for 2010-2020, pediatricians have consistently ranked the lowest in terms of average income among major specialists. In 2020, pediatricians made 134 million won ($102,700) a year on average, which is more than 100 million won less than the average yearly earnings of all doctors across specialties.

    Ma, who helped formulate the Yoon administration\’s pediatric health care policies while Yoon was president-elect, said that the health care crisis for children has been worsening amid the government’s indifference.

    “Yes there was COVID-19. But this isn’t something that happened overnight,” he said.

    The Health Ministry “got comfortable exploiting the cheap workforce of residents” and didn’t look to fix what was wrong until it was too late, he said. “Our government sustained the system by overworking residents at a cheaper price, to make up for the shortages in specialists.”

    He called on Yoon to follow through with his pledge to build a health care system so that hospitals, especially ERs and ICUs, no longer have to rely on residents.

    “Maybe it’s because children cannot vote. But children’s health care tends to be sidelined in our health care policies. The focus seems to be always on adult patients,” he said.

    Dr. Lim Hyun-taek, another pediatrician, said that the state health insurance system has to catch up in a way that can increase compensation for specialties such as pediatrics that are struggling to retain doctors.

    “On top of low birthrates, patient visits have dropped over COVID-19. More former pediatricians are going into aesthetic medicine, which is compensated far better (than pediatrics) because of how our system works,” he wrote in a series of Facebook posts. In the posts, Lim was referring to Korea’s fee-for-service system in which the fees for pediatric services are far lower than other “non-life-saving services.”

    “Unless the system changes in a way that can compensate pediatricians better, less young doctors will want to pursue pediatrics, and I cannot blame them,” he said.

    By Kim Arin (arin@heraldcorp.com)





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  • BTS\’ V interns as a cook in cutthroat ‘Jinny’s Kitchen\’

    [

    \"K-pop

    K-pop boy band BTS\’ V plays an intern in \”Jinny\’s Kitchen\” (tvN)

    \"From

    From left: Actors Park Seo-joon, Jung Yu-mi, Lee Seo-jin, singer V of BTS and actor Choi Woo-shik pose for photos before an online press conference. (tvN)

    Cable channel tvN’s smash-hit cooking and travel show “Youn’s Kitchen” is set to return with the spinoff series “Jinny’s Kitchen.”

    “I am at that age where I should become a boss and run my own business. I felt happy doing whatever I wanted,” actor Lee Seo-jin, the new CEO of the Korean street food restaurant featured the show, said in an online press conference Wednesday.

    Lee has worked alongside the Oscar-winning actor Youn Yuh-jung in “Youn’s Kitchen” since the show’s premiere in 2017.

    “Because ‘Youn’s Kitchen’ was promoting traditional Korean dishes to foreigners, I thought it would be interesting for Lee to sell bungeoppang overseas,” the series\’ director

    Na Young-seok said, explaining how he came up with the show\’s concept. Bungeoppang is a fish-shaped waffle filled with sweet red bean paste that is popular as a winter snack in Korea.

    “This idea developed into popular on-the-go meals and Korean street food. Luckily, we were able to open a new franchise restaurant, following the footsteps of ‘Youn’s Kitchen,’” Na added.

    Unlike the heartwarming, slow-paced “Youn’s Kitchen,” “Jinny’s Kitchen” will be more like a suspense thriller in which the restaurant crew are strictly evaluated by Lee. Throughout the series, the cast members keep each other in check and secretly reveal their own ambitions, according to the director.

    “Under a new company philosophy titled \’Making revenue is everything,\’ everyone (except Lee) worked really hard, trying to fulfill their roles. Some were saying that they wanted to open a franchise restaurant of their own, like ‘Yumi’s Kitchen,’ ‘Junny’s Kitchen’ or ‘Tae-hyung’s Kitchen,’” Na said, beaming.

    The upcoming variety show features South Korean movie stars Lee, Jung Yu-mi, Park Seo-joon, Choi Woo-shik and K-pop boy band BTS’ V. The star-studded cast sells Korean street foods including gimbap, tteokbokki, Korean-style hot dogs and more in Bacalar, a tropical destination in southern Mexico.

    \"Park

    Park Seo-joon plays a newly promoted chef in \”Jinny\’s Kitchen\” (tvN)

    Park, who is set to make his Hollywood debut in the Marvel film “The Marvels,” was surprised to discover his lesser-known greedy side.

    \”Though I got a new title, I still had a boss and a senior. Nothing really changed much for me. I always stayed inside the kitchen, working hard,\” said Park, the newly promoted chef in the series.

    “‘Jinny’s Kitchen’ is a variety show, but whenever Lee tried to close the restaurant, I started to get a little frustrated, thinking we could sell more if we worked a little longer. I felt that this is why people say, ‘Avoid the love of money,’” Park said, adding that he has come to respect people in the restaurant business even more as a result of being on the show.

    V, joining the series for the first time as an intern, said that he was more than happy to be a part of the “Jinny’s Kitchen” crew.

    \”Many tasks were waiting for me, and I had to work hard,\” V said, recalling his duties as an intern.

    “I felt grateful to be able to share unforgettable memories with everyone. As part of BTS, I considered myself as someone who couldn’t cook, but I got to be a chef in the series. After cooking some dishes, I became certain that cooking is definitely not entertaining,” V said jokingly.

    “Jinny’s Kitchen” is set to premiere at 8:50 p.m. on Friday on tvN and the streaming service Tving.

    The show will also be available in 12 countries including the US, the UK, Canada, Singapore, Hong Kong and Indonesia via Amazon Prime Video on the same day.

    By Lee Si-jin (sj_lee@heraldcorp.com)





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  • BTS\’ V interns as a cook in cutthroat ‘Jinny’s Kitchen\’

    [

    \"K-pop

    K-pop boy band BTS\’ V plays an intern in \”Jinny\’s Kitchen\” (tvN)

    \"From

    From left: Actors Park Seo-joon, Jung Yu-mi, Lee Seo-jin, singer V of BTS and actor Choi Woo-shik pose for photos before an online press conference. (tvN)

    Cable channel tvN’s smash-hit cooking and travel show “Youn’s Kitchen” is set to return with the spinoff series “Jinny’s Kitchen.”

    “I am at that age where I should become a boss and run my own business. I felt happy doing whatever I wanted,” actor Lee Seo-jin, the new CEO of the Korean street food restaurant featured the show, said in an online press conference Wednesday.

    Lee has worked alongside the Oscar-winning actor Youn Yuh-jung in “Youn’s Kitchen” since the show’s premiere in 2017.

    “Because ‘Youn’s Kitchen’ was promoting traditional Korean dishes to foreigners, I thought it would be interesting for Lee to sell bungeoppang overseas,” the series\’ director

    Na Young-seok said, explaining how he came up with the show\’s concept. Bungeoppang is a fish-shaped waffle filled with sweet red bean paste that is popular as a winter snack in Korea.

    “This idea developed into popular on-the-go meals and Korean street food. Luckily, we were able to open a new franchise restaurant, following the footsteps of ‘Youn’s Kitchen,’” Na added.

    Unlike the heartwarming, slow-paced “Youn’s Kitchen,” “Jinny’s Kitchen” will be more like a suspense thriller in which the restaurant crew are strictly evaluated by Lee. Throughout the series, the cast members keep each other in check and secretly reveal their own ambitions, according to the director.

    “Under a new company philosophy titled \’Making revenue is everything,\’ everyone (except Lee) worked really hard, trying to fulfill their roles. Some were saying that they wanted to open a franchise restaurant of their own, like ‘Yumi’s Kitchen,’ ‘Junny’s Kitchen’ or ‘Tae-hyung’s Kitchen,’” Na said, beaming.

    The upcoming variety show features South Korean movie stars Lee, Jung Yu-mi, Park Seo-joon, Choi Woo-shik and K-pop boy band BTS’ V. The star-studded cast sells Korean street foods including gimbap, tteokbokki, Korean-style hot dogs and more in Bacalar, a tropical destination in southern Mexico.

    \"Park

    Park Seo-joon plays a newly promoted chef in \”Jinny\’s Kitchen\” (tvN)

    Park, who is set to make his Hollywood debut in the Marvel film “The Marvels,” was surprised to discover his lesser-known greedy side.

    \”Though I got a new title, I still had a boss and a senior. Nothing really changed much for me. I always stayed inside the kitchen, working hard,\” said Park, the newly promoted chef in the series.

    “‘Jinny’s Kitchen’ is a variety show, but whenever Lee tried to close the restaurant, I started to get a little frustrated, thinking we could sell more if we worked a little longer. I felt that this is why people say, ‘Avoid the love of money,’” Park said, adding that he has come to respect people in the restaurant business even more as a result of being on the show.

    V, joining the series for the first time as an intern, said that he was more than happy to be a part of the “Jinny’s Kitchen” crew.

    \”Many tasks were waiting for me, and I had to work hard,\” V said, recalling his duties as an intern.

    “I felt grateful to be able to share unforgettable memories with everyone. As part of BTS, I considered myself as someone who couldn’t cook, but I got to be a chef in the series. After cooking some dishes, I became certain that cooking is definitely not entertaining,” V said jokingly.

    “Jinny’s Kitchen” is set to premiere at 8:50 p.m. on Friday on tvN and the streaming service Tving.

    The show will also be available in 12 countries including the US, the UK, Canada, Singapore, Hong Kong and Indonesia via Amazon Prime Video on the same day.

    By Lee Si-jin (sj_lee@heraldcorp.com)





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