Tag: South Korea

Considering how cheap health care is in South Korea it is not surprising that Koreans are going to the doctor more on average than other countries:

South Koreans on average visit local medical clinics 18 times a year, far exceeding those in other similar countries, a recent report showed.

The report on South Koreans’ health care usage found that the average number of annual outpatient visits per capita reached 18 in 2023. This figure is almost three times the Organization for Economic Cooperation and Development average of 6.4 in 2022.

Korea Herald

You can read more at the link.

Any bets on if there will be violent riots by anti-Yoon leftists this weekend if Yoon is reinstated or by pro-Yoon protesters if the impeachment is upheld?:

The Constitutional Court said it will deliver its ruling on President Yoon Suk Yeol’s impeachment at 11 a.m. Friday, raising hopes of an end to the political turmoil that has gripped the nation since his short-lived imposition of martial law in December.

The verdict will be delivered from the court and live broadcasts will be allowed, along with the attendance of members of the public, the court said in a notice to the press Tuesday.

The ruling will come nearly four months after Yoon was impeached by the National Assembly on charges of violating the Constitution and laws through his brief imposition of martial law on Dec. 3.

Yonhap

You can read more at the link.

It will not only be South Korean stocks dipping this week, but likely most of the world as well:

South Korean stocks fell 3 percent to a near two-month low Monday ahead of U.S. reciprocal tariffs set to be announced later this week amid the removal of a short selling ban. The local currency sharply fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 76.86 points to close at 2,481.12, marking the lowest closing since Feb. 3, when it finished at 2,453.95.

Trade volume was slim at 385.5 million shares worth 8.1 trillion won (US$5.5 billion), with losers sharply outnumbering winners 824 to 87.

Foreigners sold a net 1.5 trillion won worth of stocks, while institutions and individuals purchased a net 666.9 billion won and 789.9 billion won, respectively.

Analysts said investors were concerned that U.S. President Donald Trump’s reciprocal tariffs, slated for Wednesday (U.S. time), would trigger a global trade war. He also confirmed 25 percent tariffs on all imported cars set to take effect Thursday.

Yonhap

You can read more at the link.

It appears that the horrible wildfires in South Korea are finally contained:

 A massive wildfire that began in Sancheong County and swept through nearby regions in South Gyeongsang Province has been fully contained, authorities said Sunday.

The main fires were under control as of 1 p.m. Sunday, nearly 10 days after they first broke out March 21, according to forestry officials.

The wildfire has scorched an estimated 1,858 hectares of woodland, equivalent to around 2,600 football fields.

At least 30 people have died from the recent wave of nationwide wildfires, including 26 reported in North Gyeongsang Province.

Yonhap

Here is what started the fire Gyeongsangbuk-do:

Meanwhile, police authorities said they have booked a man suspected of starting the massive wildfires in North Gyeongsang Province.

The 56-year-old man is accused of causing the fire at around 11:25 a.m. on March 22 while performing an ancestral rite at a family grave on a hill in Uiseong County, North Gyeongsang Province.

The fire then spread rapidly to nearby Andong, Cheongsong, Yeongyang and Yeongdeok for days due to gusty winds amid dry conditions.

You can read more at the link, but investigators are still trying to determine who started the other wildfires.

It is not often South Korea is hit with deadly wildfires like they are currently experiencing:

At least four people were killed, six people were injured and some 1,500 people were evacuated as wildfires fueled by strong winds have scorched areas of the nation’s southeastern region, disaster authorities said Sunday.

The fire began in Sancheong County, about 250 kilometers southeast of Seoul, on Friday and spread to other parts. 

Of the six people who were injured, five were seriously harmed. All victims were found in Sancheong, according to the Central Disaster and Safety Countermeasures Headquarters.

Yonhap

You can read more at the link.

It seems to me that if this impeachment decision is being released on Monday that Yoon’s impeachment decision will likely be later in the week:

The Constitutional Court said Thursday it will deliver its ruling on Prime Minister Han Duck-soo’s impeachment over martial law-related allegations next week.

The verdict will be announced at 10 a.m. Monday, the court said in a notice to the press, three months after he was impeached by the National Assembly over a string of allegations related to President Yoon Suk Yeol’s failed bid to impose martial law in December.

If the impeachment motion is upheld, Han will be removed from office. If it is dismissed, he will be reinstated.

Under the Constitution, the consent of at least six justices is required to uphold an impeachment motion. There are currently eight justices on the bench.

The motion against Han lists five reasons for his impeachment, including his alleged involvement in imposing martial law, his refusal to appoint additional justices to the Constitutional Court, and his refusal to promulgate two special counsel bills targeting Yoon and first lady Kim Keon Hee.

Yonhap

You can read more at the link.

The longer this is taking I think shows that a majority of the judges is currently against impeachment or still undecided with their decision:

The Constitutional Court’s deliberation on the motion to impeach President Yoon Suk Yeol is taking longer than expected, as more than three weeks have passed since hearings ended in late February.

Deliberations in the impeachment cases of former presidents Park Geun-hye and Roh Moo-hyun concluded within two weeks.

Although Justice Cheong Hyung-sik, who presides over the case, stressed in December a speedy ruling on the case of Yoon and his short-lived martial law imposition, the court bench has yet to announce the date for its final verdict as of press time. The court typically announces verdict dates at least two or three weekdays in advance, meaning without an announcement Wednesday, it will likely be delivered next week. (………..)

A majority opinion of at least six of eight justices is required to uphold an impeachment.

Kim Seon-taek, a professor of law at Korea University who specializes in constitutional law, said the amount of time it was taking suggested a lack of consensus among the justices.

Korea Herald

You can read more at the link.

As long as this cable car boom is focused on high traffic mountains and not every mountain in South Korea I really don’t have a problem with it. Anyone who has rode the cable car at Seoraksan for example knows they need another cable car up that mountain with its incredibly long lines:

South Korea is experiencing a cable car boom.

Of the 41 cable cars currently operating nationwide, 17 have been built in the past five years, according to the Korea Transportation Safety Authority.

Yeosu, a coastal city in South Jeolla Province, serves as a model demonstrating the benefits of a successful cable car installation.

The city opened the Yeosu Maritime Cable Car in 2014, which was the first marine cable car in South Korea and links the mainland with Dolsando just across the water.

Drawing visitors to the spectacular views of the coastline and surrounding islands from the cable car, the city has attracted more than 13 million visitors annually, which led to a revitalization of the tourism industry, city officials said.

Wonju, Gangwon Province, is also hoping to duplicate Yeosu’s success with its newly launched Sogeumsan Cable Car. This area already has the nation’s longest pedestrian bridge, which stretches 200 meters across a canyon.

Korea Herald

You can read more at the link, but of course the environmentalists are upset about the cable cars impacts on wildlife and forests.