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Reporter : Yoon Ja-young
Sun, December 5, 2021 | 11:07
Man jailed for fake restaurant reviews
A man who was paid by restaurants to write positive reviews for them has been sentenced to 10 months in prison. The man, who runs an internet marketing agency, left reviews with comments such as, “It was delicious,” without even eating the food. From September 2017 to May 2020, restaurant owners agreed to pay him 300,000 won each for 100 reviews.
Six Asiatic black bear cubs born in Jirisan National Park this year
Those planning to go hiking in Jirisan National Park this summer may run into Asiatic black bear cubs born there this year. According to the Ministry of Environment and the Korea National Park Service, four adult female Asiatic black bears gave birth to a total of six cubs this year. They confirmed the existence of the cubs through cameras installed in and around the hibernat...
1 in 4 college students investing in cryptocurrency
Amid the cryptocurrency craze, many college students in the country bet their hard-earned money from their part-time jobs on cryptocurrency and have experienced losses with some even suffering from a range of related psychological issues. According to a survey on 1,750 college students by Alba Heaven, a part-time job information provider, 23.6 percent were investing in crypto...
Sejong City apartments turn into 'jackpot' for gov't workers
A special housing supply program for government workers relocating to Sejong City has turned into a “jackpot,” guaranteeing them hundreds of millions of won in profit. Amid a backlash from other Sejong City residents who are suffering from soaring housing prices, the government is facing pressure to thoroughly overhaul the program. The relocation of the central government to ...
Mask-free summit over Maryland crab cake
The summit between President Moon Jae-in and President Joe Biden made scenes notably different from the previous meeting Biden had with a foreign leader as the U.S. exhibited built up confidence on the containment of COVID-19 there.
Demographic shocks clouding Korea's future
Kim Young-ji, a working mother in Seoul, gave up having a second child. She had dreamed of having at least two babies, but it wasn't long before she faced the harsh reality. As Korean women such as Kim are shunning childbirth like Kim, the number of babies born in the second quarter totaled only 82,000, down 8.7 percent from a year ago. The country's birthrate, or the number ...
South and North Korea need single currency
South and North Korea should use a single currency to form an economic union in the mid to long term, the Korea Institute of Finance (KIF)noted in a report Sunday. “When investment increases in North Korea along with inter-Korean trade of goods and services, the flow of capital will naturally follow. It will lead to problems such as settlements and which currencies should be ...
Economic imbalance deepening
The imbalance in the Korean economy is deepening as record-high exports are failing to sustain faltering domestic investment and consumption. This indicates that booming exports in a few industries, such as semiconductors, have not led to growth in corporate investment, consumer spending and employment. According to the Ministry of Trade, Industry and Energy, the country's exports totaled $51.2 billion in August, up 8.7 percent from a year ago. Exports so far this year have increased 6.6 percent to $399.8 billion, the highest ever.
[INTERVIEW] Korean firms eyeing global procurement market
The global procurement market with an estimated value of $6 trillion can open up new opportunities for exporters. Korea has many competitive companies as an industrial powerhouse, but they often have trouble advancing into overseas procurement markets due to barriers.
New statistics chief vows to confront pressure
The newly appointed statistics chief said he will stick to data and confront political pressure.
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