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Gulf oil-producing nations have missed out on about $15.1 billion in energy revenue since the onset of the Iran-related conflict, a Financial Times report citing data from commodities analytics firm Kpler. The figure is equivalent to roughly 22.6 trillion won. The FT article notes that shipments through the

A civil servant in his 30s was found dead Thursday morning on the fourth-floor office space of the Beomeo-dong annex of Daegu’s Suseong District Office, police said. The deceased, identified only as A, was a public employee affiliated with the Suseong District. A cleaning worker found him unconscious and

Lee Jung-hyeon, who oversaw the People Power Party’s nomination process for the June 3 local elections, said on Monday that he will resign from the post of chair of the nomination management committee. He cited an inability to pursue the direction he had envisioned any further and said he

This weekend in South Korea will not be extremely cold, but mornings are expected to be chilly with daytime temperatures turning milder, creating a fairly wide daily temperature swing. Tomorrow will bring some sun between thin clouds, while the day after may be cloudier with higher PM2.5 levels across

KAIST said that President Lee Kwang-hyung will remain in his post until a successor is appointed, following the board’s request for continuity during a critical period. The university described the move as a measure to maintain stability in operations and minimize disruption to teaching and research on the ground.

Jang Dong-hyeok, the leader of the People Power Party, told reporters at the National Assembly on Tuesday that fairness is the lifeblood of party nominations, in response to questions about Seoul Mayor Oh Se-hoon’s decision not to apply for an additional nomination window. Asked how he viewed Oh Se-hoon’

KAIST President Lee Kwang-hyung has decided to remain in office, withdrawing his resignation and will continue leading the university until a new president is elected. The KAIST board had convened to select the 18th president, but none of the three candidates—Lee Kwang-hyung, Kim Jung-ho, a professor in Electrical and

A Korea Gallup poll released this week shows the ruling Democratic Party with 47 percent support among survey respondents, up one point from the previous reading. The main opposition People Power Party trails at 20 percent, down one point. Parties outside the five major groups collectively register small shares, while

The Korea Customs Service has designated gasoline, diesel and kerosene as items subject to a late-declaration surcharge under a crackdown on hoarding and speculative stockpiling of petroleum products. The move aims to prevent delays in reporting imports or long stays in bonded storage in response to rising oil prices. Under

A cold and cloudy weekend is forecast across South Korea, with a particularly wide day-to-night temperature swing on Saturday the 14th. Inland areas could see a gap of about 15 degrees Celsius between daytime highs and overnight lows. Residents are advised to bring light outerwear when going outdoors. The Korea