Despite the domestic base rate rising to 3%, the interest rates paid by securities firms on customer deposits remain significantly lower. For a deposit of 1 million won, Mirae Asset Securities offers the highest rate, while Samsung Securities leads for deposits of 100 million won. The difference in interest earned over a year can reach up to 650,000 won depending on the firm.According to the Korea Financial Investment Association on August 30, the interest rates on Korean won deposits vary widel

Gwangju City has announced that Sunchon National University will be the candidate for the establishment of a new national medical school.On August 28, applications were received from both Mokpo National University and Sunchon National University. A panel of judges selected by the Jeonnam Research Institute evaluated the proposals from the two universities, leading to this decision.The Ministry of Education had requested both Mokpo National University and Sunchon National University to submit pla

Choi Tae-won, chairman of the Korea Chamber of Commerce and Industry and SK Group, proposed creating an environment where South Korean and Japanese youth can work freely across borders. He suggested that a 'South Korea-Japan economic community' could be a solution to the low birth rate issues facing both countries.On August 30, the Korea Chamber of Commerce and Industry held the first meeting of the South Korea-Japan Low Birth Rate Response Exchange Committee and a symposium on low birth rate re

Choi Hwi-young, the Minister of Culture, Sports and Tourism, walked with members of a large French hiking organization to showcase the appeal of South Korea's mountain tourism.The ministry announced that on August 30, Minister Choi welcomed 11 members of the French 'Randonnée Association' at the Suyu branch of Bukhansan National Park in Seoul and introduced them to the attractions of mountain tourism.Also present at the event was mountaineer Um Hong-gil, who walked with the association members,

The nomination of Lee So-young, a member of the Democratic Party, as the Minister of the Ministry of SMEs and Startups has been met with widespread approval from the small business, microenterprise, women entrepreneurs, and startup sectors. Various organizations urged the nominee to leverage her policy experience and expertise to enhance the competitiveness of small and venture businesses through effective communication with the field.The Korea Federation of SMEs issued a statement on the same d

Kang Shin-cheol, the newly nominated Defense Minister candidate for the Lee Jae-myung administration, has garnered attention for his extensive background. Kang has held various military and security positions across the administrations of Lee Myung-bak, Park Geun-hye, Moon Jae-in, and Yoon Suk-yeol.On August 30, President Lee nominated Kang, who is currently the Ambassador to Saudi Arabia, among six other ministerial candidates, including the Minister of Economy and Finance.Kang Hoon-sik, the Ch

Financial authorities are enhancing a 'one-stop support system' that allows victims of illegal lending to report incidents and request necessary remedies, such as halting illegal collections, appointing debt representatives, and filing for investigations, all in one go. Victims who report to the police will also receive support from the Credit Recovery Committee, from investigations to recovery lawsuits.The Financial Services Commission announced on the 30th that it finalized the 'Supplementary

Cho Hee-dae, the Chief Justice of the Supreme Court, is expected to announce his position this week regarding a request from the Blue House to reappoint a Supreme Court justice. Cho has also decided not to attend a legislative inquiry by the National Assembly's Judiciary Committee concerning the written reappointment of justices.According to legal circles on the 30th, the Supreme Court and the Court Administration Office have been focused on formulating a response over the weekend after receivin

From September 5 to November 4, tourists can visit 16 islands in Jeonnam Gwangju at half price. Local governments will refund 50% of the expenses.The 16 islands include Dalido and Oedo in Mokpo, Hahwa-do, Sado, Geomundo, Gaedo, and Geumo-do in Yeosu, Suksom and Yeonhong-do in Goheung, Jangdo in Boseong, Gaudo in Gangjin, Songido in Yeonggwang, Gwanmaedo in Jindo, and Heuksando, Banwoldo, and Jeungdo in Sinan.This initiative is part of the 'Half-Price Travel to Jeonnam Gwangju Islands' program la