Stories from South Korea

A fund, although operated generally, has more than 70% of its assets designated as a bond-type fund.

Due to burdensome nursing care costs, an increasing number of people are looking into nursing care insurance. The increase in demand for nursing care insurance is explicitly linked to burdensome nursing care costs, with more individuals in Cheongju City now seeking coverage.

The V. Glory, identified as the first tanker to pass through the Red Sea via the main route, arrived yesterday at the GS Caltex crude oil unit in Yeosu, Jeollanam-do, South Korea. It transported crude oil from Yangbu Port, Saudi Arabia, for domestic distribution.

A long bridge is now visible in the sea, connecting to the vicinity of an offshore mooring facility.

A tanker, identified as 'Tanker 5-4,' carrying 1 million barrels of crude oil, which is half of South Korea's daily consumption, has arrived and is berthed at a sea mooring facility near Chungnam Seosan Daesan Port. The tanker safely passed through the Strait of Hormuz.

National Assembly Speaker Woo Eun-sik withdrew the re-submission of a constitutional amendment, halting attempts to change the 39-year-old constitution. This decision followed a filibuster by the People Power Party. Consequently, the procedure for a national referendum, previously scheduled for June 3, has been stopped. This suspension occurred after all 106 members of the National Assembly did not participate in the vote, leading to the failure of the constitutional amendment process due to an invalid vote. The constitutional amendment was described as a non- bill. The People Power Party suggested that such a move during an election could be advantageous for the ruling party by increasing voter turnout. The South Korean government and ruling party are reportedly pushing for a constitutional amendment to address negative public opinion.

The 2026 Goyang International Flower Exhibition is currently underway at Ilsan Lake Park.

Foreign investors recorded a record 7.1 trillion won in sales on the market.

An SNS account featuring 'fighting videos' has gained over 5,000 followers within a month of its creation. The account, which claims to be the top fighting video channel in Korea, is already known among teenagers. The operator is reportedly involved with 'coins or cash'.

A court ruled that former division commander Lim Jeon was most responsible in a case, citing his exercise of actual command and control and the ripple effect of his orders. The court also criticized Lim Jeon for sending text messages to the bereaved family of Private First Class Chae, blaming the victim. The court stated it had never seen such behavior in its long judicial career. The court determined the commander's search order was given to lower-level officials. A first instance court in South Korea has explained the instruction network of a division commander.