1. Bank of Korea Keeps Base Rate at 2.50%, Balancing Debt Risks and U.S. Economic HeadwindsThe Bank of Korea (BOK) decided to keep its benchmark interest rate steady at 2.50% during its Monetary Policy Committee meeting on August 28, with six votes in favor and one dissenting opinion for a cut. The central bank’s stance…
1. Petrochemical Restructuring: Planned Reduction of 2.7–3.7 Million Tons of Naphtha CapacityThe Korean government has announced a large-scale restructuring plan to address oversupply and weakening global demand in the petrochemical sector. According to the Ministry of Trade, Industry and Energy, production capacity from naphtha crackers will be cut by 2.7–3.7 million tons annually over the…
1. Korea-U.S. Summit Outlines Blueprint for a ‘U.S. Shipbuilding Renaissance’During his first official visit to the United States, President Lee Jae-myung met with President Donald Trump and announced a $5 billion investment in Hanwha’s Philadelphia shipyard, aiming to expand annual production from fewer than two vessels to as many as 20. This move is widely…
⚠️ This article is for informational purposes only and does not constitute legal advice.Foreigners living in Korea are subject to the same criminal laws as Korean nationals. Whether the issue is theft, assault, drug offenses, or drunk driving, foreign residents and visitors are bound by the Korean Criminal Act and related legislation. However, when foreigners…
⚠️ This article is for informational purposes only and does not constitute legal advice. Immigration law is one of the most critical areas for foreigners living in Korea. Visa status, residency rights, and deportation orders directly affect whether a person can remain in the country, work legally, or reunite with family members. While immigration regulations…
⚠️ This article is intended for informational purposes only. For actual legal issues, please consult a licensed attorney. The number of foreign workers in Korea has steadily increased each year. As of 2024, more than 900,000 foreigners are legally employed in Korea, forming an essential part of the country’s industrial workforce. Yet, due to language…
Peter’s Note“Esquire: Lawyers in the Making” is a drama full of unexpected twists—something I haven’t felt in a long time.Unlike most legal dramas, where the story usually centers around defending the weak or shifting from evil to justice, this series breaks away from that predictable mold. The plot surprises were especially impressive, and the show…
⚠️ This article is not intended as a financial instrument or investment advice. Bitcoin recently reached a short-term peak of 122K before entering a correction, now trading below 120K. This movement reflects a combination of short-term profit-taking and selling pressure near a psychological resistance level. At the same time, major altcoins have also declined by…
⚠️ This article is not intended as financial advice. Last week, Ethereum surged 21.8%, leading the cryptocurrency market’s momentum while Bitcoin maintained a relatively steady range, sparking speculation about whether Ethereum could seize the crown from Bitcoin. Riding on Ethereum’s strong performance, other major altcoins also posted notable gains: Solana (SOL) +12.5%, Cardano (ADA) +10.1%,…
This content is an analysis of the current state of Bitcoin and we are not responsible for its use as an investment tool. After nearly three weeks of consolidation, Bitcoin (BTC) is once again testing upward momentum. As of August 8, BTC has surpassed $117,000 and is now preparing to challenge the $120,000 resistance zone….
The Korean government’s plan to lower the threshold for defining a major shareholder—from KRW 5 billion (approx. USD 3.8 million) to KRW 1 billion (approx. USD 760,000)—is sparking strong opposition from domestic retail investors. The move, which would significantly expand the number of investors subject to capital gains tax, is part of the Ministry of…
Korea President Lee Jae-myung has ordered the government to review strong administrative measures, including license revocation and a ban on public bidding for POSCO Engineering & Construction (POSCO E&C), following a series of fatal accidents at its construction sites. The directive came after a worker died on August 5 during a concrete work process at…