Journalist
Lee Hugh
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Korea’s Elder Care Demand Surges as Nursing Home Rules Slow New Supply South Korea’s shift into a super-aged society is driving a sharp rise in demand for elder care, but the supply of nursing homes is falling far short, constrained by regulations that make it difficult to open new facilities. Industry officials warn that a “care gap” could soon become reality as entry barriers keep capacity from expanding fast enough. As of Tuesday, industry sources said nursing home bed capacity has increased by an average of 8.4% a year since 2008. However, only 38% of facilities earned A or B grades in evaluations by the National Health Insurance Service, which are generally preferred by families. About one in four facilities was cited for violating staffing standards (24.9%), and 28.5% fell short on adequate toileting services, failing to meet basic requirements. The mismatch is already visible on the ground. Mid- to large-sized nursing homes typically have capacity for about 200 residents, but waiting lists can run into the thousands depending on the facility, according to industry accounts. With population aging accelerating, the number of people waiting is expected to grow, yet new construction is not keeping pace. Under the enforcement rules of the Elderly Welfare Act, operators seeking to build elderly medical welfare facilities or senior welfare housing must first secure land and buildings that meet set standards. In practice, that means a provider cannot establish a facility based only on operating capability or a service model; it must first obtain physical infrastructure, such as purchasing land and constructing a building or leasing suitable premises. Industry officials say those requirements function as a steep barrier to entry. In urban areas, it is difficult to secure enough land for a nursing home, and land purchases and construction costs can range from tens of billions to hundreds of billions of won, effectively limiting new entrants. Factoring in the opportunity cost tied to owning land and buildings, losses in Seoul are estimated at about 8 million won a month, excluding noncovered service revenue. The Ministry of Health and Welfare, the lead agency, has acknowledged the need to improve regulations and is reviewing revisions. But industry groups say steps such as limited easing of facility standards or streamlined administrative procedures have had little impact in the field. Related organizations have formally urged the government to relax establishment requirements and expand the use of public land for facilities. Some experts also argue for a larger role for private nursing homes. Compared with public facilities, private providers can offer more varied services and more tailored care, and can differentiate themselves through facility conditions and programs. They also tend to have shorter waiting periods and can operate more flexibly in areas such as family visits and daily convenience, the article said. Experts say the government should focus on oversight and safety nets while supporting private providers behind the scenes as the main source of supply. Jang Si-ryeong, a senior researcher at the Bank of Korea’s Economic Research Institute, said, “With the end-of-life elderly population set to double over the next 25 years, it is clear that public finances alone have limits.” She added that policymakers should consider ways to offset high real estate costs in major metropolitan areas such as Seoul and Busan to encourage a stable supply of facilities in city centers.* This article has been translated by AI. 2026-03-12 06:04:30 -
BTS to Return With Gwanghwamun Comeback Live Streamed Worldwide on Netflix Gwanghwamun, the center of Seoul, is set to turn purple again. After a wait of three years and nine months, BTS will make its official return on March 21 at Gwanghwamun Square with “BTS Comeback Live: Arirang.” Organizers say the event is designed as more than a comeback show, pairing a Korean narrative with a global audience and already reshaping downtown Seoul into a festival zone. With nine days to go, here are the main points. ◆ Capacity expanded to 22,000; purple wave from Gwanghwamun Station to City Hall Planned initially for 15,000 seats, the show has expanded to 22,000 amid surging demand. Offline ticket sales held Feb. 23 overwhelmed the “NOL Ticket” site, with the waiting queue topping 100,000; all seats sold out in 40 minutes. BigHit Music and HYBE said they secured additional viewing areas from Gwanghwamun Station, south of the Sejong-daero intersection, to near City Hall Station. Additional ticketing is set for March 12 at 8 p.m., and all sections will be standing to allow more fans to attend. Organizers said they are strengthening real-time monitoring and identity verification to curb scalping that has exploited the free event, with some resale listings reaching hundreds of thousands of won. ◆ Netflix’s first artist-only live stream aims for global reach The performance will be streamed live via Netflix to more than 190 countries. Netflix has not previously carried a live broadcast devoted to a single artist’s concert, a move expected to bring fans together in what organizers describe as a shared “digital square.” Industry attention is focused on how Netflix’s live-streaming capacity — previously cited as handling 65 million concurrent connections — will pair with BTS’ performance. A Netflix official said, “It will be a true live moment where viewers around the world share the same experience at the same time, without language and cultural barriers.” ◆ ‘Royal road’ opening and traditional aesthetics Organizers say the staging will emphasize Korean aesthetics. Members are set to open by marching along the “royal road” from Geunjeongmun to the restored Gwanghwamun Woldae, rebuilt for the first time in 100 years. The production also includes a large-scale performance combining the Arirang traditional music ensemble and dancers, along with a media facade planned to light up Gwanghwamun’s night sky and walls. Related brand collaboration products based on traditional Korean aesthetics are also to be released in stages through pop-up stores, organizers said. Analysts estimate the concert and related tourism, including pop-up store visits, could generate direct and indirect economic effects approaching 1 trillion won. Based on past large-scale concert data, they project 100,000 to 150,000 overseas fans could visit and spend at least 300 billion to 700 billion won on lodging, tourism and shopping. They added that the promotional value for Seoul’s city brand through the Netflix live broadcast could push the overall impact into the hundreds of billions of won more. ◆ New album March 20; world tour to span 34 cities BTS will release its fifth full-length album, “Arirang,” worldwide at 1 p.m. on March 20, the day before the concert. The 14-track album includes the title song “Swim (SWIM),” with leader RM participating broadly in the lyrics. The new songs are set to be unveiled on the March 21 Gwanghwamun stage. Plans after the comeback include a Netflix documentary, “BTS: The Return,” to be released March 27, covering the album’s production process. The group is also set to begin a major world tour in April starting in Goyang, with 82 shows across 34 cities.* This article has been translated by AI. 2026-03-12 06:03:21 -
Hyundai Motor Group Rises to No. 2 Globally in Operating Profit, Overtakes Volkswagen Hyundai Motor Group has entered the global top two for operating profit among automakers for the first time, industry officials said. Analysts said the group improved the quality of its growth by earning more profit than Germany’s Volkswagen Group despite selling fewer vehicles. They credited three strategies pushed by Chairman Chung Euisun even as the industry faced headwinds including U.S. auto tariffs and war in the Middle East. According to the industry on Tuesday, Hyundai Motor Group (Hyundai Motor, Kia and Genesis) sold 7.27 million vehicles worldwide last year, ranking third behind Toyota Group (11.32 million) and Volkswagen Group (8.98 million). On profitability, however, Hyundai moved ahead of Volkswagen. Toyota held the top spot with revenue of 50.4508 trillion yen (about 471.2 trillion won) and operating profit of 4.3128 trillion yen (about 40.2 trillion won) in its most recent fiscal year. Hyundai ranked third in revenue at 300.3954 trillion won and second in operating profit at 20.5460 trillion won. Volkswagen posted operating profit of 8.9 billion euros (about 15.3 trillion won). It was the first time Hyundai’s annual operating profit exceeded Volkswagen’s, the officials said. Hyundai also ranked near the top in operating margin, another key measure of profitability. Its operating margin was 6.8%, second globally behind Toyota’s 8.6%. The figure was more than double Volkswagen’s 2.8%, according to the data cited. Officials attributed the improved performance to three initiatives led by Chung: shifting to electrification, expanding localization and moving upmarket. Chung set a goal of achieving 100% electrification in major markets including the United States and Europe by 2040 and ordered development of a range of electric vehicles, the officials said. They also pointed to preemptive investment to raise local production capacity to 1.2 million vehicles a year to address tariff risks after the launch of the second Trump administration. Hyundai’s tariff costs last year totaled 7.2 trillion won, less than Toyota’s 1.2 trillion yen (11.2 trillion won), after Toyota’s U.S. tariff rate was cut to 15% ahead of South Korea, the officials said. Hyundai also strengthened sales of higher-value models such as hybrids and sport utility vehicles and launched a standalone premium brand through its design-led strategy. Genesis, the premium brand launched in 2015 under Chung’s leadership, surpassed 1.5 million in cumulative global sales in 10 years. “Most companies took a major hit from U.S. auto tariffs, but Hyundai held up well, posting higher operating profit than Volkswagen despite selling fewer vehicles,” an industry official said. “It has shown it is no longer competing only on value for money.”* This article has been translated by AI. 2026-03-12 05:03:27 -
Musical Actor Nam Kyung-ju Sent to Prosecutors on Rape Allegation Musical actor Nam Kyung-ju, 63, has been referred to prosecutors on a rape allegation, police said. According to police and other officials on Tuesday, Seoul’s Bangbae Police Station last month sent Nam to the Seoul Central District Prosecutors Office without detention on suspicion of intercourse by abuse of authority. Nam is accused of sexually assaulting a woman, identified only as A, in Seoul last year. A is reported to have left the scene shortly afterward and called the emergency number 112. Nam denied the allegation during police questioning, but police said they determined the suspicion was supported based on related circumstances and forwarded the case to prosecutors. Nam’s Instagram account has been deleted, and no official statement has been released. Nam is considered part of South Korea’s first generation of musical theater actors, along with Choi Jung-won and Park Kalin. He won best actor at the 13th Daegu International Musical Festival in 2019 and is a professor in the performing arts department at Hongik University.* This article has been translated by AI. 2026-03-11 20:42:16 -
Kim Yunji Wins Another Silver, Sets South Korea Record for Most Winter Paralympic Medals at One Games Kim Yunji, a 19-year-old rising star in South Korean para sports, added a silver medal on Tuesday to set a new national record for the most medals won by a South Korean athlete at a single Winter Paralympics. Kim finished second in the women’s 10-kilometer interval start cross-country skiing race at the 2026 Milan-Cortina Winter Paralympics, clocking 26 minutes, 51.6 seconds at the Tesero Cross-Country Stadium in Italy. Oksana Masters of the United States won gold. The result gave Kim one gold and two silvers at these Games, the most by a South Korean athlete at one Winter Paralympics. The previous mark was set by Shin Eui-hyun at the 2018 Pyeongchang Games with one gold and one bronze. Kim earlier won South Korea’s first Winter Paralympic gold medal by a female athlete in the women’s 12.5-kilometer individual biathlon and also took silver in the cross-country sprint. South Korea has four medals so far at these Games, including Kim’s three and a bronze by snowboarder Lee Je-hyeok. In wheelchair curling, the mixed doubles team of Baek Hye-jin and Lee Yong-seok has reached the final, guaranteeing at least a silver medal.* This article has been translated by AI. 2026-03-11 20:27:00 -
Novo Nordisk to Cut Wegovy U.S. Wholesale Price Up to 50%, Raising Pressure on GLP-1 Rivals Novo Nordisk’s obesity drug Wegovy will see its U.S. wholesale acquisition cost cut to about half starting next year, a move that industry watchers say signals a shift toward price competition in the fast-growing glucagon-like peptide-1 (GLP-1) market. According to the industry on Tuesday, the Danish drugmaker will reduce the WAC for Wegovy injections, oral Wegovy and the oral diabetes drug Rybelsus by 35% to 50% starting Jan. 1. The monthly list price for GLP-1 treatments will be adjusted to $675, about 1.01 million won, roughly half of Wegovy’s previous level. WAC is the wholesale list price before discounts and rebates. Because the U.S. government does not directly control drug prices, WAC serves as a benchmark for negotiations with insurers and wholesalers. A lower WAC can also pull down reference prices in other markets. The price cut is being read as a response to patent expirations and intensifying competition. Patents on semaglutide, Wegovy’s key ingredient, are set to expire starting this month in countries including China, India and Brazil. With China-developed drugs and low-cost generics coming into view, the company appears to be moving early to defend market share. The GLP-1 obesity-drug market is expanding rapidly. It is estimated at about $72 billion, about 107 trillion won, and is projected to reach $139 billion, about 206 trillion won, by 2030. Still, some in the industry caution that a larger market does not necessarily translate into higher profits. “For example, the toxin market grew, but cutthroat competition among companies only intensified,” one industry official said. Competition is also becoming more complex as GLP-1 treatments, long dominated by injections, expand into oral formulations. Some analysts describe the shift as a transition from high-priced breakthrough therapies to more widely used treatments. The price pressure is expected to weigh on South Korean companies as well. Among domestic GLP-1 obesity candidates, Hanmi Pharmaceutical’s efpeglenatide is considered the most advanced, with the company aiming for a launch in the second half of this year. Other obesity drugs under development in South Korea are largely in Phase 1 or Phase 2 trials. If global benchmark prices fall, domestic new drugs are likely to face added pressure in pricing. Recovering clinical costs that can run into the trillions of won would require sharply higher sales volumes, but late entrants may struggle to win market share quickly. “Even if latecomers enter, profitability could drop sharply in an already lower global pricing environment,” another industry official said, adding that differentiation such as improved formulations or fewer side effects will be needed.* This article has been translated by AI. 2026-03-11 18:33:00 -
InterBattery 2026 Showcases Solid-State Batteries for Humanoid Robots “I came to see the solid-state battery that’s supposed to go into a humanoid robot, but there are so many people the line is long.” South Korea’s largest battery exhibition, InterBattery 2026, opened on March 11 with companies competing to showcase solid-state battery technology. With expectations rising for next-generation demand such as humanoid robots, crowds gathered around the displays. South Korea’s three major battery makers are seeking a rebound from a temporary demand slowdown by highlighting next-generation technology, aiming to secure future customers and regain initiative in a global market led by China. Samsung SDI unveiled a pouch-type solid-state battery sample for “physical AI,” drawing reactions from visitors surprised to see a sample already on display. The company said it aims to mass-produce the battery in the second half of next year for use in applications including robots and aviation systems. Choi Go-ul, a Samsung SDI group leader, told reporters that the pouch-type solid-state battery unveiled that day is scheduled to be mass-produced in 2027 and used in humanoid robots. LG Energy Solution also displayed a solid-state battery cell intended for humanoid robots, citing advantages such as higher energy density and faster charging beyond the limits of lithium-ion batteries. In robotics, an autonomous driving robot called Carti100 drew attention. The exhibit highlighted that cylindrical batteries can deliver output and durability suited to harsh industrial sites. At SK On’s booth, visitors clustered around a display of its sulfide-based solid-state battery. The company also exhibited a Hyundai Wia logistics robot AMR equipped with a high-nickel ternary battery. The robot is used for logistics automation at industrial sites including Hyundai Motor Group Metaplant America, known as HMGMA. Nam Sang-cheol, head of the cathode materials research center at battery materials maker Posco Future M, said at the event that the company is working with U.S. battery startup Factorial to develop batteries for drones and humanoid robots. He said the commercialization target is 2028 and that Posco Future M’s cathode materials are expected to be adopted by multiple customers. Nam said the company is also developing solid-state batteries and is supplying materials at the pilot stage in quantities ranging from tens to hundreds of kilograms. He added that it has completed development of a technology applying a nano-scale thin coating to cathode surfaces and has secured related patents.* This article has been translated by AI. 2026-03-11 18:05:46 -
Korean Air Expands Defense Portfolio With Small Drones Rising military tensions in the Middle East amid U.S.-Iran friction have underscored drones as a core capability in modern warfare, with countries moving to field more systems that can deliver high operational impact at relatively low cost. Korean Air, South Korea’s largest airline, is adding drones to its portfolio beyond passenger and cargo transport as it pushes deeper into the defense aviation market. As of March 11, industry officials said Korean Air’s aerospace division is seeking to expand the scope of its unmanned aircraft business with U.S. defense firm Anduril. At Drone Show Korea (DSK) 2026 in Busan last month, the company showcased an AI small drone and swarm-flight drones, among other systems. The small unmanned aircraft drew interest from U.S. Forces Korea and officials from Southeast Asian and Middle Eastern countries, according to reports. Korean Air last year began developing small unmanned aircraft for battlefield use with the Agency for Defense Development and is nearing commercialization, the officials said. Small drones have recently reshaped battlefields in the Middle East and Europe, carrying out missions beyond reconnaissance, including precision strikes and disrupting air defenses. Bloomberg and other outlets have reported that Iran’s main loitering munition, the Shahed-136, costs about $20,000 per unit, while air-defense missiles used to shoot them down can cost billions of won. The U.S. Department of Defense has launched a “Drone Dominance Program” to deploy large numbers of high-performance, low-cost drones. It plans to invest about $1.1 billion through next year to field more than 350,000 expendable, low-cost loitering munitions. Korean Air is also widening its position in South Korea’s defense sector, pursuing development of a medium-altitude unmanned aerial vehicle about the size of a fighter jet and a low-observable unmanned wingman aircraft. The company completed rollout of its first prototype last year. In military aviation, Korean Air has secured major projects. In August, the Defense Acquisition Program Administration selected the company as the preferred bidder for a 961.3 billion won ($?) performance upgrade program for 36 UH-60 Black Hawk helicopters. In December, it won a 1.8 trillion won electronic warfare aircraft (Block-I) system development project as part of a consortium with LIG Nex1. It also won an airborne early warning and control aircraft project worth 3.9 trillion won. “To strengthen capabilities in the domestic aerospace business and build a foundation for sustainable growth, we are identifying a range of business opportunities based on the technology and experience we have accumulated,” a Korean Air official said.* This article has been translated by AI. 2026-03-11 18:03:42 -
Miyeon, NOWZ set to perform at fashion-themed festival in Tokyo SEOUL, March 11 (AJP) - Miyeon of K-pop girl group i-dle and rookie boy band NOWZ will perform at Japan's "Tokyo Girls Collection," the island country's largest fashion-themed festival, according to their agency Cube Entertainment. Miyeon, along with five-member boy band NOWZ consisting of Hyunbin, Yoon, Yeonwoo, Jinhyuk, and Siyun will appear at the festival, which celebrates its 42nd year, scheduled for Thursday at Yoyogi National Stadium in Tokyo. The festival, often abbreviated as TGC, is a biannual fashion event that has been running since 2005. The event blends runway shows highlighting Japanese street fashion with live performances by popular artists including NewJeans, LE SSERAFIM, FIFTY FIFTY, TWICE, BLACKPINK and Tomorrow X Together. Miyeon, who debuted in 2018 as a member of K-pop girl group i-dle, released her second mini album "MY, Lover" in November 2025 and has built recognition through appearances at global festival stages including Dream Concert Abu Dhabi 2025. The group recently kicked off their fourth world tour starting with concerts in Seoul. Debuted in 2024, NOWZ recently released their Japanese debut EP and have been active in Japan. They are expected to energize the festival with their signature high-energy performance. 2026-03-11 18:00:38 -
Iran's 'Drones vs Patriots': If U.S. forces shift, who guards South Korea's skies? SEOUL, March 11 (AJP) - As U.S. air-defense assets are increasingly drawn into the widening war with Iran, South Korea faces an uncomfortable question: how much of its own air and missile defense can it sustain without American cover. Seoul has quietly acknowledged it cannot prevent U.S. tactical assets from being redeployed if Washington needs them elsewhere. The concern is not abstract. North Korea’s missile and drone tactics bear striking similarities to those now being tested in the Middle East. Iran’s campaign illustrates the emerging battlefield logic. Tehran is firing waves of cheap suicide drones and ballistic missiles that cost tens of thousands of dollars each. The United States and Israel are shooting them down with Patriot and THAAD interceptors costing hundreds of thousands — sometimes millions — per shot. It is a classic “cost-mass” war: low-cost weapons forcing defenders to expend far more expensive interceptors. Every military now faces the same question — how long it can afford to sustain that exchange. The current phase of the conflict began in late February when the United States and Israel launched coordinated strikes on Iranian nuclear facilities, missile bases and Islamic Revolutionary Guard Corps command centers. Iran responded with large-scale retaliatory barrages — hundreds of ballistic and sea-launched missiles and roughly 2,000 drones targeting U.S. bases, Israel and energy infrastructure across the Gulf. Although the tempo of launches eased in March, the pattern has settled into a grinding contest of attrition. At the center of Iran’s strategy is the Shahed-136 loitering munition, a relatively simple drone costing between $20,000 and $50,000 that can be launched in swarms to overwhelm air defenses. These drones are paired with Fateh and Shahab ballistic missiles and low-flying cruise missiles designed to saturate and probe Western missile shields. Opposing them is a multilayered U.S.-led defense network built around Patriot PAC-3 and THAAD batteries, backed by fighter aircraft and long-range bombers striking launch sites and command nodes. Interception rates in some sectors have exceeded 90 percent — but the exchange is costly. For South Korea, the battlefield dynamics unfolding in the Middle East mirror a scenario military planners have long warned about. North Korea has repeatedly rehearsed what analysts call “compound saturation attacks” — launching ballistic missiles, cruise missiles and drones simultaneously to overwhelm defenses. Pyongyang has also unveiled short-range missiles believed capable of carrying tactical nuclear warheads. Greater Seoul is already exposed to long-range artillery. In a crisis it could also face salvos of dozens or even hundreds of missiles launched in quick succession. The Iran conflict has begun to reshape the defense calculus on the peninsula. The Washington Post, citing Pentagon officials, recently reported that Washington has begun moving elements of a THAAD battery out of South Korea to reinforce missile defense in the Middle East. The Pentagon is also examining Patriot and THAAD interceptor stocks across the Indo-Pacific as potential reserves for a prolonged campaign against Iran. The U.S. Defense Department has declined to comment on specific redeployments, but officials acknowledge that air-defense assets are being shifted between theaters as Iranian missile and drone attacks intensify. For Seoul, the message is blunt: in a prolonged conflict, American missile defenses will be deployed where they are needed most. South Korea’s answer to that strategic uncertainty is L-SAM, its first domestically developed upper-tier missile interceptor. Hanwha Aerospace declared the program complete last November, marking the first time the top layer of Korea’s missile-defense architecture — the Korea Air and Missile Defense system (KAMD) — has been filled with a fully indigenous weapon. L-SAM interceptors are designed to destroy incoming ballistic missiles at altitudes of roughly 50 to 60 kilometers using hit-to-kill technology. Only a handful of countries — including the United States and Israel — have independently developed the full combination of interceptor, long-range radar and battle-management systems required for such missions. “From a technology perspective, South Korea is clearly capable of developing systems like L-SAM,” said Choi Seung-woo, head of the North Korea Nuclear Response Policy Center at the Seoul Security Forum. But missile defense, he noted, must be viewed as a layered architecture rather than a single weapon system. “Air and missile defense runs from high altitude through midcourse to terminal interception,” Choi said. “Simply asking whether L-SAM can replace Patriot is far too narrow.” Building a layered shield Under the current KAMD structure, Patriot PAC-2/3 and the domestically developed Cheongung-II (M-SAM-II) cover interceptions up to roughly 40 kilometers. L-SAM takes over in the 50-to-60 kilometer band. Above that layer — between roughly 40 and 150 kilometers — South Korea still relies heavily on the U.S.-operated THAAD battery deployed on the peninsula. A follow-on system, L-SAM-II, now under development, is intended to extend South Korea’s indigenous intercept capability into that upper tier in the early 2030s. The Iran war, analysts say, underscores why such capabilities matter. “For interception performance, Cheongung-II already reaches the mid-90 percent range,” said Choi Gi-il, a military studies professor at Sangji University. “Together with L-SAM, South Korea has the ability to substitute for U.S. airpower in key areas. I don’t think talk of an air-defense vacuum is justified.” He added that L-SAM should be compared not with Patriot but with higher-tier systems such as THAAD or Israel’s Arrow interceptor. “Viewed that way, South Korea is not in a position where it needs to panic about defending against North Korea.” Still, the longer the Iran war drags on, the more it exposes a structural reality of the U.S. alliance system. American strategic assets — Patriots, THAAD batteries and interceptor stockpiles — are global resources that can be shifted wherever Washington deems the threat most urgent. For Seoul, that makes the drive toward an indigenous missile shield less a matter of prestige than strategic insurance. With L-SAM now operational and follow-on systems under development, South Korea is gradually building the kind of multilayered air-defense architecture that would allow it to hold its own skies — if allied interceptors are needed elsewhere. 2026-03-11 17:58:23
