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South Korea Braces for Heavy Snow and Rain Across the Country Until Nightfall

◇Heavy snow in the metropolitan area Snow and rain across the country until night

Heavy snow is expected to fall in South Korea on the 9th, mainly in inland areas. Snow begins to fall in the morning, mainly in the metropolitan area (Seoul, Gyeonggi Province, Incheon City), inland areas of Gangwon Province, and mountainous areas, and in the afternoon it spreads to the central region, Jeolla Province, inland areas of western Gyeongsang Province, and Jeju Island. Snow and rain are expected to continue falling across the country until nightfall, and in Seoul, Incheon, and northern Gyeonggi-do until late at night. The expected snowfall in the metropolitan area from September 9th to 10th is 5 to 10 centimeters in inland areas of Gyeonggi-do (more than 15 centimeters in most places), and 3 to 8 centimeters in other areas. Maximum temperatures are expected to be between 0 and 9 degrees.

Citizens walking on a snow-covered slope in downtown Seoul on the 9th (Yonhap News)

◇November current account surplus of $4.06 billion Exports of semiconductors and other items increased for two consecutive months

According to the international balance of payments (preliminary figures) announced by the Bank of Korea (central bank) on the 9th, the current account balance in November last year was in surplus at $4.06 billion (approximately 585 billion yen). Exports, especially semiconductors, are on a recovery trend, and the current account balance has maintained a surplus for seven consecutive months.

◇The Diet is set to pass the Space and Aerospace Agency establishment law and the law prohibiting eating dogs.

The Diet held a plenary session on the 9th, and proposed the enactment of the “Special Act Concerning the Establishment and Operation of the Space and Aerospace Agency (Space Aerospace Agency Act)” and the “Special Act Concerning Termination of Breeding, Slaughter, and Distribution of Dogs for Food Purposes.” The enactment is scheduled to be voted on. The Space and Aerospace Agency Act is a bill to establish the Space and Aerospace Agency, which will be the Korean version of NASA (National Aeronautics and Space Administration). The proposed law prohibiting the consumption of dogs would ban the breeding and slaughter of dogs for human consumption, as well as the distribution and sale of food prepared and processed from dog meat. The ruling and opposition parties have agreed to both measures, and they are expected to pass.

◇Inflation rate for entertainment and culture: highest level in 27 years

According to the National Statistics Agency, last year’s entertainment and cultural price index increased by 3.7% from the previous year to 107.07 (2020 = 100), the highest rate of increase in 27 years since 1996 (3.9%). It became. Last year, the coronavirus pandemic subsided and people started going out more, which seems to have caused related prices to rise. By item, sports viewing fees (10.2%), overseas group travel expenses (9.1%), photo service fees (7.6%), and karaoke usage fees (7.2%) showed high rates of increase. Ta. The item with the largest price increase was portable multimedia devices such as tablets (17.9%).

◇Decrease in sales of Korean-made EVs; imported EVs have nearly a 30% share

According to statistics from the Korea Automobile Mobility Industry Association (KAMA), the Korea Imported Automobile Association (KAIDA), and the Ministry of Land, Infrastructure, Transport and Tourism, the number of electric vehicles (EVs) sold in South Korea last year was 159,693, down 1,756 from the previous year. 116,662 manufactured EVs and 43,031 imported EVs were sold. The market share was 73.1% for Korean-made cars and 26.9% for imported cars. The proportion of domestically produced EVs in total EV sales decreased by 3.5 points from 76.6% (123,676 units) in 2022, while the proportion of imported cars decreased from 23.4% (37,773 units) to 3.5%. Increased by .5 points.

#Korea #Kesa #News #January #Yonhap #News
2024-01-09 01:00:00

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