[Remember Daily News]2025.02.12 South Korea News

1. Acting President Advocates for Supplementary Budget Amid Economic Slowdown

Acting President Choi Sang-mok called for a prompt agreement on an extra budget to bolster the nation's slowing economy. Highlighting challenges such as declining domestic demand and external uncertainties, Choi, who also serves as the finance minister, urged parliament to expedite discussions on the supplementary budget. The opposition Democratic Party has proposed a budget of at least 30 trillion won ($20.65 billion), while the ruling People Power Party has shown willingness to engage in negotiations. Economists and the central bank support this move, anticipating a slowdown in economic growth to 1.6% or 1.7% this year, down from 2.0% last year.

 

2. Fishing Boat Capsizes Near Jeju Island; Five Crew Members Missing

A 32-ton fishing vessel capsized off the coast of Jeju Island, leading to a distress signal being sent around 8 p.m. Rescue operations by the Seogwipo city coast guard resulted in the rescue of five crew members, including the South Korean captain, three Vietnamese, and one Indonesian crew member. However, five individuals remain missing. Approximately 20 vessels from the coast guard, navy, and civilian forces have been deployed in the search efforts. Acting President Choi Sang-mok has directed officials to utilize all available resources for the search while ensuring the safety of rescue teams.

 

3. National Outrage Over Fatal Stabbing of Young Student by Teacher

The nation is in mourning following the tragic death of seven-year-old Kim Ha-neul, who was fatally stabbed by her 48-year-old elementary school teacher in Daejeon. The teacher, who had recently returned to work after a leave of absence due to depression, confessed to the crime, citing feelings of annoyance upon returning to work. This incident has sparked widespread discussions about school safety and the mental health of educators.

 

4. Prosecutors Indict 63 Individuals Over Courthouse Protest

Prosecutors have indicted 63 people involved in storming the Seoul Western District Court last month to protest the detention of impeached President Yoon Suk Yeol. The charges include aggravated obstruction of official duty, destruction of property, attempted arson, and assault, with some defendants facing potential prison sentences of up to seven years. This development underscores the ongoing political tensions in the country.

 

5. United Nations to Discuss North Korea Sanctions Report

Members of the United Nations Security Council are scheduled to review the 90-day report on the activities of the 1718 Democratic People's Republic of Korea (DPRK) Sanctions Committee in closed consultations. This discussion comes amid concerns over North Korea's continued development of its nuclear capabilities and the effectiveness of existing sanctions.

 

6. Cultural Events Thrive Despite Winter Chill

February in South Korea is marked by various cultural events and winter activities. Despite the cold, festivals celebrating traditional customs, ice fishing, and snow sculptures attract both locals and tourists. Destinations like the Taebaeksan Mountain Snow Festival and the Hwacheon Sancheoneo Ice Festival offer unique experiences, showcasing the nation's rich cultural heritage and resilience during the winter months.

 

7. South Korea's Steel Industry Faces Challenges Amid U.S. Tariffs

The imposition of U.S. tariffs on steel and aluminum imports has led to financial difficulties for South Korean steelmakers. Companies like POSCO and Dongkuk Steel Mill have reported significant losses, prompting concerns about the broader economic impact. The government is exploring strategies to support the industry, including seeking alternative markets and negotiating with international partners.

 

8. Heightened Security Measures at Constitutional Court

Following online threats of a planned attack on the Constitutional Court, authorities have intensified security measures. Over 2,700 police personnel and 140 buses have been deployed around the court, with barricades and panels installed to restrict access. Justices have received armed escorts for protection. These measures aim to ensure the safety of the judiciary amid ongoing political tensions.

9. Acting President Seeks Dialogue Over U.S. Tariffs

In response to the U.S. imposing tariffs on steel and aluminum imports, Acting President Choi Sang-mok has expressed a desire to engage in talks with the United States to address the issue. The government aims to negotiate terms that could mitigate the impact on South Korean industries and maintain strong bilateral trade relations.

 

10. Public Vigilance Urged Amid Security Concerns

In light of recent events, including the tragic school stabbing and heightened political tensions, authorities are urging the public to remain vigilant. Enhanced security measures have been implemented in various public spaces to ensure safety and prevent further incidents.