The government enforced, Friday, a ban on youth access and employment at “hold’em” pubs and similar drinking establishments offering gambling-style games such as poker.These establishments, where people play card games while drinking, had previously allowed adolescents to enter as they were registered as restaurants. This loophole has raised concerns about protecting teenagers from exposure to […]

SK Group is on track to carry out major portfolio restructuring to alleviate the escalating financial burden stemming from unprofitable affiliates and to optimize management efficiency, according to analysts, Friday.The nation’s second-largest conglomerate by market capitalization entered belt-tightening mode this year, as global economic uncertainties show no clear signs of fading away anytime soon. In […]

Minor liberal Rebuilding Korea Party (RKP) Chairman Cho Kuk proposed a plan, Friday, to shorten President Yoon Suk Yeol’s single, five-year term by revising the Constitution, urging the president to “honorably agree with the shortened term.”During a press conference at the National Assembly in Seoul, the party presented the constitutional amendment plan, featuring the proposal […]

Upbit and Bithumb announced impressive first-quarter earnings, backed by the rising interest in virtual assets and a recovery in investor sentiment. However, while both exchanges solidify their leadership in the market, other exchanges are experiencing financial difficulties.Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, recorded operating earnings of 335.6 billion won ($247.5 million) in […]

President Yoon Suk Yeol instructed the government Friday to scrap all preliminary feasibility studies for research and development (R&D) projects to speed up their implementation and support economic growth.Yoon made the remark during a national financial strategy meeting held to discuss fiscal policy issues ahead of the government’s formulation of next year’s budget.”I ask you […]