Korea24 – 2022.09.16 (Friday)
News Briefing: China's top legislator, Li Zhanshu, is in Seoul, where he has met with President Yoon Suk-yeol. He also met with the National Assembly speaker Kim Jin-pyo, who proposed a three-way meeting with the parliamentary speakers of South Korea, China and Japan. (KOO Hee-jin)
In-Depth News Analysis (Weekly Economy Review): On Tuesday, the US reported a higher than expected inflation of 8.3% in August, which sent markets tumbling. This also raised the odds of another major rate hike by the US Federal Reserve next week. In South Korea, the local currency depreciated further against the dollar, passing the 1,390-won mark for the first time in over 13 years. Economics Professor Yang Jun-suk from the Catholic University of Korea joins us to dissect these latest developments.
Korea Trending with Walter Lee:
1. Seoul’s Gwanak District has come under fire for sponsoring a golf tournament 'in solidarity with' victims of last month’s flooding in the region. (서울 관악구, '수재민과 함께하는 골프대회' 논란)
2. Nike has unveiled the new national team uniforms for 11 countries competing in the Qatar 2022 football World Cup, including South Korea’s home kit. ('황희찬 메인 모델' 나이키, 대한민국 새 유니폼 발표)
3. Honey J, leader of the dance crew “Holy Bang” that won “Street Woman Fighter”, has announced that she is getting married and having a baby. ('스우파' 허니제이, 결혼+임신 깜짝 발표)
Movie Spotlight: Film critics Jason Bechervaise and Darcy Paquet review “Confidential Assignment 2: International (공조2: 인터내셔날)”, the action-comedy sequel that has pulled in over 3 million admissions since its release before the Chuseok holiday, as well as the indie drama, “Kim Min-young of the Report Card (성적표의 김민영)”, which won the grand prize at the Jeonju International Film Festival in 2021.
Next Week From Seoul with Richard Larkin:
- President Yoon Suk Yeol will depart on a three-nation tour next week, visiting the U.K, U.S, and Canada.
- The Ministry of Land, Infrastructure and Transport is expected to announce the 'Mobility Innovation Roadmap' on Monday.
- A US Federal Open Market Committee (FOMC) meeting will take place next Tuesday and Wednesday, where a further rate hike is set to be announced.