Ian Werther

After the government tightened lending rules on June 27, the housing support program for newlywed couples has contracted sharply. Data from the Korea Housing Finance Corporation (HUG) show that for eight months from July last year to February this year, total disbursements under the newlywed Jeonse loan program were about

South Korea’s main opposition party, the People Power Party (PPP), has criticized President Lee Jae-myung for not commenting on what it calls a “case dismissal deal” allegation linked to the president’s circle, after Lee posted on the social platform X (formerly Twitter) that he hopes for a world

Las Vegas is staging a comeback for Motional’s robotaxi program, as the autonomous-driving tech company—jointly owned by Hyundai Motor Group and Aptiv—relaunched the service in partnership with Uber. The Ioniq 5–based robotaxi will be available to Uber riders in the city, with no extra charge to

The Permanent Court of Arbitration (PCA) in The Hague has dismissed all of Swiss elevator maker Schindler Holding AG’s claims against the Korean government in an international investment dispute (ISDS). The ruling was delivered in the early hours, at 2:03 a.m., Korean time. Schindler had demanded about

The United States conducted airstrikes on Kharg Island on the 13th local time, targeting military facilities but not oil infrastructure, according to U.S. statements. The strike appears to aim at pressuring Iran while avoiding direct damage to its oil export facilities. Kharg Island is a coral island about 8

A segment on MBN’s News Wide brought together four guests: Shin Hyun-young (신현영), a former lawmaker with the Democratic Party, Kim Jong-wook (김종욱), a former deputy head of the party’s think tank, Kim Dong-won (김동원), a former spokesman for the People Power Party, and Kim Jong-hyeok (김종혁), a

The Korean government approved a new seasonal and time-of-use electricity tariff plan on March 13, at the 321st meeting of the Electric Committee. The reform aims to shift more daytime consumption to when solar power is abundant and curb usage after sunset. Under the plan, tariffs will be applied to

The U.S. military is reportedly weighing the export of some THAAD assets from South Korea as concerns over a protracted Middle East crisis persist. At Osan Air Base in Pyeongtaek, Gyeonggi Province, U.S. forces were observed inspecting Patriot PAC-3 air-defense missiles amid talk that THAAD components could be

South Korean actor Lee Jae-ryong, 62, has been recharged with an additional charge of obstructing a breath-alcohol test in connection with a drunk-driving incident in Seoul, police said on Friday. The Gangnam District Police announced the new allegation after previously charging him with driving under the influence and leaving the

South Korea launched its oil price ceiling system on March 13, aiming to curb consumer costs when crude markets run hot. The policy sets maximum prices that refiners and distributors can charge for gasoline, diesel and kerosene, in an effort to buffer households and small businesses from sharp spikes in