Korea24 – 2022.11.18 (Friday)

News Briefing: North Korea fired another intercontinental ballistic missile into the East Sea on Friday morning. South Korea and the US launched aerial exercises in response. (Koo Hee-jin)

In-Depth News Analysis (Weekly Economy Review): One of the world’s biggest cryptocurrency exchange platforms, FTX, filed for bankruptcy last week. It has renewed concerns about the safety and value of cryptocurrencies, with even financial authorities here in Korea expressing caution. We take a closer look with Economics Professor Yang Jun-sok from the Catholic University of Korea. We also discuss the situation concerning the rising price of milk in South Korea.

Korea Trending with Walter Lee:

  1. More intercity buses in Gyeonggi province have adopted a no standing policy. (경기 광역버스 입석 중단 첫날…출근길 일부 승객 불편)

  2. Residents in Incheon, Gimpo, and Seoul suffered from strong malodor on Thursday due to an odorant leak at the metropolitan landfill in Incheon. (“이상한 냄새가 나요” 인천 한 구청에만 민원 수백건...악취의 정체는)

  3. The Korea Football Association revealed that the national team had been eating chicken and beef, but no pork, in Doha ahead of the Qatar World Cup. (대표팀 돼지고기 없는 식단 공개... 점심은 닭, 저녁은 소)

Movie Spotlight: A remake of the hit melodrama, “Ditto (동감)”, hit cinemas this week. Critics Jason Bechervaise and Marc Raymond join us this week to give their thoughts on how it compares to the 2000 original. They also review “The Apartment With Two Women (같은 속옷을 입는 두 여자)”, a family drama, which won a record five awards at the Busan International Film Festival last year.

Next Week From Seoul with Richard Larkin:

  • The 2022 FIFA World Cup in Qatar kicks off on Sunday.

  • Starting Monday, South Korea will enter a four week ‘intensive COVID-19 vaccination period’ with bivalent booster shots available without reservation.

  • The Bank of Korea will announce its last rate hike decision of the year on Thursday.

  • Emergency response officials will appear for questioning on Monday over the Itaewon crowd crush disaster.