Starting in the 2027 academic year, new and transfer students at 20 colleges will be ineligible for national scholarships and may face restrictions on student loans. Notably, six institutions, including Sangji University, Chugye University of the Arts, Seoyoung University, and Yeoju University, have been added to the list, which did not include them last year, prompting heightened caution among prospective students and their parents.Six New Additions to the List of Restricted CollegesOn August 2

The United States reportedly demanded that the Bank of Japan (BOJ) accelerate its interest rate hikes as a condition for last month's joint yen-buying intervention. With increasing pressures from yen depreciation and rising prices, the BOJ's rate hike intervals, which had been every six months, may shorten. The market is increasingly accepting an additional rate hike in September as a given. According to the Nihon Keizai Shimbun (Nikkei) on August 24, several BOJ officials stated, "If we do no

The case of a woman missing for an extended period in Jeju has sparked significant controversy regarding the police's initial investigation, leading to heightened public anxiety about safety in the region. Concerns have intensified around the visa-free entry system for foreign tourists, particularly from China, prompting discussions online about whether the safety of South Koreans can be adequately ensured in Jeju.Public Anxiety Grows Over National Security and SafetyRecently, a netizen referenc

Following the implementation of mutual visa-free and simplified visa measures between South Korea and China, the number of Chinese travelers entering South Korea has surged. This comes as new respiratory infections and COVID-19 variants are spreading in China, raising alarms about domestic quarantine management.According to statistics from the Ministry of Land, Infrastructure and Transport and related agencies, the number of passengers on Korea-China air routes in the first half of this year (Ja

Samsung SDI is experiencing a strong performance in the market, with shares rising over 7% after securing more than 4 trillion won in investment funds through the sale of its stake in Samsung Display. This surge is attributed to growing expectations for the expansion of its North American energy storage system (ESS) business.As of 1:43 PM on the Korea Exchange, Samsung SDI shares were trading at 511,000 won, up 33,000 won (6.90%) from the previous trading day.On August 21, Samsung SDI announced

IBK Bank's Chinese branch is embroiled in a financial scandal involving approximately 80 billion won, raising concerns about the bank's inadequate management of online loans. The bank claims it fell victim to a so-called 'external fraud' during the process of handling customer principal and interest repayments through an external platform. However, it appears that the bank only became aware of the incident after a rise in complaints and unprocessed payments.On August 24, Shin Dong-wook, a member

Park Seung-soo, the former president of the Korea Volleyball Association, passed away on the 23rd due to health issues. He was 86 years old.Born in Jecheon, Chungbuk, Park began his coaching career in 1970 as the head coach of Taekwang Industrial after a successful playing career as an attacker. He went on to coach the national teams of Iran in 1976 and led Honam Oil (now GS Caltex) in 1983, before taking the helm at Hanil Synthetic in 1988. In 1989, he became the head coach of the South Korean

Busan high school students in gifted programs are making headlines by developing digital services that utilize artificial intelligence to address key local marine issues.According to the Busan Metropolitan Office of Education's Gifted Education Promotion Institute, the '2026 High School Future Talent Frontier Leader Training Camp' was successfully completed after five sessions held from July 28 to August 13.Hosted by the Busan Metropolitan Office of Education and organized by the Promotion Insti

SESCO announced on August 24 that it has received the 'Gold Medal' from EcoVadis, an organization that awards the top 5% of companies globally for sustainability assessments.Based in Paris, EcoVadis operates the world's largest platform for evaluating environmental, social, and governance (ESG) practices, with over 150,000 companies participating from more than 180 countries.EcoVadis conducts in-depth evaluations across four key areas: environment, labor and human rights, ethics, and sustainable