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Sat, May 28, 2022 | 16:50
Minister says electricity rate hike inevitable
Korea's energy minister said Wednesday that the country will have little choice but to raise its electricity rates partly to reflect growing costs, hinting the rate increase will take place next year. Yoon Sang-jick, minister of trade, industry and energy, said there already exists a need to raise electricity rates by about 2 percent due to a rise in the consumption tax on soft coal, set to go into effect on July 1.
Suarez, Uruguay chew their way into second stage
Diego Godin hit the late game-winner as Uruguay edged 10-man Italy 1-0 Wednesday (KST) to reach the knockout stages at the World Cup. However, the victory was overshadowed by a biting incident involving Uruguay’s superstar forward Luis Suarez, who appeared to have sank his teeth into the shoulder of Italian defender Giorgio Chiellini.
Fine sought for actress over prostitution claims
Suwon prosecutors on Tuesday proposed a 2 million won (about $1,964) fine against actress Sung Hyun-ah for allegedly sleeping with a businessman for money several times in 2010.
So it's all Park Chu-young's fault?
When a football team disappoints, the striker usually gets blamed the most. Still, it is difficult to remember any player being as harshly criticized as Korea’s Park Chu-young as his team faces a likely early World Cup exit.
PM nominee quits amid controversy over historical views
President Park Geun-hye's nominee for prime minister, Moon Chang-keuk, quit Tuesday amid controversy over opponents' claims that he is pro-Japanese. Moon is the second prime minister nominee to drop out even before a confirmation hearing. Ahn Dae-hee, the president's first choice, gave up his nomination late last month.
Neymar sends Brazil to knockout stages
Barcelona star Neymar scored twice as host Brazil thrashed Cameroon 4-1 to advance to the knockout stages. In other Group A action, Mexico used a late surge to edge Croatia 3-1 and reach the round of 16.
Daegu groups try to derail gay festival.
Church organizations and conservative civic groups are trying to derail an annual gay pride parade scheduled for Saturday in Daegu.
How are sex-ban teams doing at World Cup?
To sex or not to sex is always the question at the World Cup. All of the 32 teams in Brazil have completed their first two matches, so let’s pretend we have enough sample size to discuss whether sex positively or negatively influences on-field performance.
Builders fined for bidding collusion
Korea's antitrust watchdog said Monday it has fined six local builders a combined 10.6 billion won ($10.4 million) for conspiring in bidding for the construction of waste incineration facilities.
Korea's trade terms decline in May
Korea's terms of trade worsened in May from a year earlier as prices for exports fell at a faster pace than those for imports, the central bank said Monday.The country's net terms-of-trade index for goods came in at 89.33 in May, down 0.4 percent from a year earlier, according to the Bank of Korea (BOK).It marks the first on-year decline since January.The figure is calculated by dividing the index for export prices by that for import prices. The base year is 2010, with a benchmark index of 100.Korea's income terms-of-trade index reached 116.25 in May, also down 2.4 percent from a year earlie...
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