Journalist

Lee Hugh
  • New Book 2026 Financial Products and Taxes Covers Latest Tax Changes
    New Book '2026 Financial Products and Taxes' Covers Latest Tax Changes A new guidebook has been released that compiles this year’s changes to financial products and tax revisions. Tax & Finance News said on the 23rd that it has published “2026 Financial Products and Taxes (Revised 11th Edition),” fully reflecting financial tax rules revised and implemented starting in 2026. The book organizes key updates, including the introduction of separate taxation for dividend income from high-dividend companies, taxation of profits from comprehensive investment accounts (IMA) as dividend income, and a cut in the withholding tax rate on pension income. Rather than listing tax provisions, it explains major tax categories tied to finance — including income tax, corporate tax, inheritance tax and gift tax — in an accessible way. It also details how a wide range of products are structured and taxed, from deposits, stocks and funds to REITs, fractional investment products and gold investments. It provides an in-depth look at three widely used tax-saving accounts: pension savings, individual retirement pensions (IRP) and individual savings accounts (ISA). Each chapter opens with a Q&A-style summary and includes comprehensive examples by topic. Appendices include a “financial products list” and a “tax-saving financial products summary” covering tax-exempt and separately taxed products closely tied to comprehensive taxation of financial income and health insurance premium burdens. The book was co-authored by three tax and finance specialists: Kim Yong-min, head of the Jin Finance and Tax Research Institute; Park Dong-gyu, a standing vice president of the Korea Association of Certified Tax Accountants and a former investigator at the Tax Tribunal; and Moon Seong-hoon, a professor of business administration at Hallym University who served on the Ministry of Economy and Finance’s Tax Development Deliberation Committee. A Tax & Finance News official said the book is designed so not only financial industry workers and tax professionals but also individual investors can build their understanding step by step, from the basics of taxation and finance. The official said it will serve as a practical guide for planning tax-saving strategies. * This article has been translated by AI. 2026-03-23 16:51:00
  • Xdinary Heroes to Return April 17 With New EP DEAD AND; Track List Released
    Xdinary Heroes to Return April 17 With New EP 'DEAD AND'; Track List Released JYP Entertainment’s boy band Xdinary Heroes (XH) is set to return with the new song “Voyager.” The group will release its new mini album, “DEAD AND,” at 1 p.m. April 17 and begin comeback promotions. Ahead of the release, JYP posted the album’s track list image at noon on the 23rd through its official social media channels. According to the track list, the album includes seven songs: the title track “Voyager,” the pre-release track “X room,” and “Helium Balloon,” “No Cool Kids Zone,” “Hurt So Good,” “Rise High Rise” and “KTM.” The six members — Gun-il, Jungsu, Gaon, O.de, Jun Han and Jooyeon — took part in the work on all tracks, as they have since debut, adding the band’s distinct musical identity. For “Voyager,” veteran K-pop producer Lee Woo-min, known as “collapsedone,” teamed up again with the band after working on songs including “PLUTO,” “Save me,” “Night before the end” and “Beautiful Life.” Songwriters Shim Eun-ji, VERSACHOI and Lee Hae-sol also contributed. Last year, Xdinary Heroes released two albums and held a world tour, while appearing on major stages including Lollapalooza Chicago, the 2025 Busan International Rock Festival and as the opening act for British rock band Muse’s concert in South Korea, strengthening its standing as a next-generation K-pop “super band.” After starting the year with an official fan meeting, the group recently completed its first local shows in Osaka and Yokohama, titled “Japan Special Live The New X Scene,” as it expands overseas activities. The pre-release track “X room” will be unveiled at 6 p.m. on the 25th. All tracks from the group’s eighth mini album, “DEAD AND,” will be available on music streaming platforms at 1 p.m. April 17.* This article has been translated by AI. 2026-03-23 16:36:17
  • BTS flies to New York sporting Keep Swimming
    BTS flies to New York sporting "Keep Swimming" SEOUL, March 23 (AJP) - BTS flew off to New York less than 12 hours after they successfully pulled off their comeback stage in open-air Gwanghwamun in downtown Seoul and livestreamed worldwide via Netflix, and their appearance at the Incheon International Airport created an instant buzz over their groupwear featuring "Keep Swimming", a clever marketing nod to their title song SWIM from their new album. RM, Jin, Jimin, J-Hope, Suga, V and Jungkook stepped out in matching blue hooded windbreakers, each stitched with the same phrase: “KEEP SWIMMING.” A subtle but unmistakable referemce to SWIM, the title track of their new album — and a reminder that the comeback was not a moment. Still recovering from an ankle injury that limited his performance the night before, the leader arrived on crutches, moving carefully through the terminal. BTS is set to appear on NBC's popular talk show 'The Tonight Show Starring Jimmy Fallon' on March 25-26, where they will discuss their comeback in nearly four years and perform two songs from the new album. On Tuesday , BTS will collaborate with Spotify to hold 'Spotify X BTS: SWIMSIDE' in New York to meet fans directly. They plan to perform new songs and introduce tracks from 'ARIRANG' in a live concert format. 2026-03-23 16:27:34
  • New Books: How AI Picks Winning Brands, Rethinking Anxiety, and Walking Japan’s Past
    New Books: How AI Picks Winning Brands, Rethinking Anxiety, and Walking Japan’s Past AEO: The Secret of Brands AI Chooses=Kim Yongseok·Lee Seungmin, Cheoeum Books. "An era has arrived in which AI’s choice becomes the consumer’s choice." (p. 48) A branding specialist and an AI specialist argue that the AI era will intensify a winner-take-all market, with the brand selected in AI-generated answers rising to No. 1. They say marketing is rapidly shifting from SEO, or search engine optimization, to AEO, or answer engine optimization. Where ranking at the top of a search results page once mattered most, they write, consumers increasingly accept the hyper-personalized “right answer” presented by AI. Companies that stick to older playbooks risk turning their websites into deserted islands no one visits. The book’s focus is summed up in its subtitle, “A blueprint for answer-optimization marketing that makes AI recommend you.” Beyond forecasting change, the authors lay out practical steps in plain language. They stress becoming “the one brand AI chooses first,” and offer survival strategies designed to stand out to AI systems. The authors analyze the kinds of sources AI commonly draws on to produce answers, including YouTube, video captions and NamuWiki. They also note that major platforms such as Gemini, ChatGPT and Perplexity favor different types of content, and they outline ways to tailor visibility strategies to each platform. The book is packed with actionable guidance, including: “You have to be the perfect answer for people with needs in a specific context,” “It favors raw, unfiltered voices in communities and reviews,” and “If you don’t stand out sharply, you won’t even get the chance to pass AI filtering and reach customers.” Written for easy reading, it explains technical terms briefly but concretely. A fictional commerce agent called “KapGPT” is used to show, at a glance, how AI arrives at answers. Sections such as “Three rules of writing that captivates both humans and AI” aim to deliver the essentials without filler. “You must provide information in a structure that is easy for AI to learn. A vague adjective like ‘Our product is good’ is meaningless to AI. Instead, you should connect specific specs and the problem they solve in a clear relationship, like: ‘Our running shoes have a 0.8-centimeter difference between heel and forefoot height and ample toe space, helping runners with wide feet and forefoot pressure prevent plantar fasciitis.’ AI prefers this kind of problem-solution structure, and it is much easier to match to a user’s question.” (p. 95) Kairos of Anxiety=Ahn Sanghyuk, Saramui Munui. Ahn, a professor in the Department of Film, TV and Multimedia at Sungkyunkwan University, examines anxiety from an anthropological perspective after years of research on the subject. He argues that anxiety is not simply a negative emotion. Instead, he writes, it challenges the identity of the self and can push people beyond an outdated knowledge system toward becoming a new subject. He suggests that anxiety felt by people facing the waves of the AI era can be seen as a paradoxical mechanism of hope that helps reveal the self’s possibilities. Drawing on the works and theories of philosophers Søren Kierkegaard and Jacques Lacan, Ahn takes a layered look at modern inner life. He reinterprets anxiety not as something to eliminate, but as a time for creative decision-making to discover a new self — a “kairos.” Why Walk Japan=Lim Byeongsik, Dione. Lim, a former journalist, spent two years walking from Ibusuki in Japan’s far south to Wakkanai in the far north, visiting sites tied to historical disputes. Along the way, he writes, he encountered multiple faces of Japan at once: a Japan that distorts history, a Japan that stays silent about war crimes, a Japan that reflects on wrongdoing, and a Japan that moves to correct past errors. Avoiding a simple black-and-white frame of perpetrator and victim, he describes what he saw by walking each place and meeting a range of people. The book visits locations marked by heavy history, including Fukuoka, where the tragic deaths of Yun Dong-ju and Song Mong-gyu remain; the ruins of Hizen Nagoya Castle, described as a starting point for the invasion of Korea; and Ibusuki and Chiran, where traces remain of the fanaticism surrounding kamikaze suicide units. Through the life of Japanese lawyer Fuse Tatsuji, who defended Koreans, Lim raises questions about responsibility and reconciliation. 2026-03-23 16:06:44
  • ONEUS Wraps First Fan Concert Since Move to B-Wave Entertainment
    ONEUS Wraps First Fan Concert Since Move to B-Wave Entertainment ONEUS has completed its first fan concert since moving agencies, marking a new step for the group. The group met fans March 21-22 at the Grand Theater of Kwangwoon University’s Donghae Culture and Arts Center in Seoul’s Gwangjin district for “2026 ONEUS FANCON : Welcome to US’s ISLAND.” Backed by loud cheers, ONEUS opened with “STOP & MOVE” and “Now.” The show also featured interactive segments such as “Find the Voice!” and a rhythm word game, along with a keyword-themed dress-up mission that drew laughter from the crowd. The group’s performance-driven set included unit stages and songs spanning its career, including “Grenade,” “LIT” and “Valkyrie,” plus energetic dance cover stages that heightened the atmosphere in the hall. ONEUS also held a surprise celebration for the birthday of its official fan club, TO MOON. The members marked the occasion by blowing out candles with fans and taking time to grant fans’ wishes. B-Wave Entertainment said, “It is meaningful that ONEUS successfully wrapped up this fan concert created together with fans,” adding, “We thank the fans for filling the venue with support, and we will continue active communication through ONEUS’s music and content.” After choosing the fan concert as its first official activity under B-Wave Entertainment, ONEUS signaled it remains a strong presence with its distinct identity and performances. The group said it plans to continue meeting fans through a range of future activities.* This article has been translated by AI. 2026-03-23 16:03:16
  • BTS’ ‘Life Goes On’ Tops 1 Billion Spotify Streams, Their Sixth Song to Hit the Mark
    BTS’ ‘Life Goes On’ Tops 1 Billion Spotify Streams, Their Sixth Song to Hit the Mark BTS’ “Life Goes On” has surpassed 1 billion streams on Spotify. The track, the title song from the group’s seventh mini album “BE,” released in November 2020, reached 1 billion cumulative plays on the global audio and music streaming platform as of March 21. It became BTS’ sixth song to cross the 1 billion-stream threshold. The group previously hit 1 billion streams with “FAKE LOVE,” “Boy With Luv,” “Dynamite,” “Butter” and “My Universe.” “Life Goes On” is notable for reaching the milestone with lyrics primarily in Korean. The achievement drew added attention as it coincided with the strong performance of BTS’ new release “ARIRANG,” unveiled March 20. As all tracks from “ARIRANG” showed strength on Spotify’s “Daily Top Songs Global” chart, “Life Goes On” also re-entered the rankings as of March 21, nearly five years after its release. “Life Goes On” delivers a message of comfort — “still, life goes on” — in the face of circumstances that force people to stop. Upon release, it topped Billboard’s main singles chart, the Hot 100, dated Dec. 5, 2020, sparking global attention. Billboard said it was the only song in the chart’s 62-year history to reach No. 1 with lyrics centered on Korean. The music video, which Jungkook helped direct, has also drawn steady interest. The video shows the members in everyday moments and singing in a calm mood, conveying warmth to fans. Jungkook expressed the disappointment and longing of not being able to meet fans in person due to COVID-19. BTS released “ARIRANG” on March 20. Its title track, “SWIM,” ranked No. 1 on Spotify’s “Daily Top Songs Global” chart for two consecutive days, dated March 20-21. In South Korea, it also topped daily charts dated March 22 on major music platforms including Melon, Genie and Bugs. * This article has been translated by AI. 2026-03-23 15:51:42
  • South Korea to Expand Loan Curbs on Multi-Homeowners; Installment Mortgages Also in Scope
    South Korea to Expand Loan Curbs on Multi-Homeowners; Installment Mortgages Also in Scope The Financial Services Commission is expected to announce steps as early as the end of this month to tighten lending rules not only for rental business operators but also for individual multi-homeowners. Beyond denying extensions, regulators are weighing measures such as blocking refinancing and encouraging higher borrowing costs, signaling a broad push to rein in multi-homeowner lending.  According to data provided by the office of Rep. Kim Hyun-jung of the Democratic Party, a member of the National Assembly’s Political Affairs Committee, mortgages held by individual multi-homeowners at the four major banks — KB Kookmin, Shinhan, Hana and Woori — totaled 63.7 trillion won as of the end of January. The amount represents a meaningful share of household lending, making market impact likely if new restrictions take effect. By repayment type, installment loans accounted for 96% (61 trillion won), while interest-only, lump-sum repayment at maturity made up 4% (2.5 trillion won). Shinhan Bank and Hana Bank reported no such lump-sum loans. KB Kookmin Bank and Woori Bank had only a small share, about 5% to 10%. That breakdown is drawing attention to whether the FSC will also target installment mortgages held by individual multi-homeowners. Even if regulators stop short of the toughest measures for individuals immediately, they could broaden the scope to manage multi-homeowner lending more comprehensively. Analysts say expanding rules beyond rental business operators to individual multi-homeowners would raise the overall policy intensity. One option under discussion would curb a strategy used by some borrowers who keep 30-year loans but switch to lower-rate products after three years, when prepayment fees are waived, to reduce interest costs. Regulators could also consider steps that encourage banks to raise add-on rates, increasing borrowing costs for multi-homeowners more broadly. For lump-sum repayment loans, regulators are expected to consider denying maturity extensions. An FSC official said, “The main axis of this regulation is rental business operators, but it will also include rules for individual multi-homeowners.”  The FSC is also expected to announce additional measures for rental business operators. As of January, their outstanding bank loan balance totaled 258.5 trillion won. Unlike individual multi-homeowners, rental business operators had a much higher share of lump-sum repayment loans, at 88%, exceeding installment loans. The FSC is reviewing whether to apply a 0% loan-to-value rule — previously limited to new loans — at the time of maturity extensions as well. If the FSC rolls out multi-homeowner lending curbs alongside overall household lending caps by the end of the month, pressure on financial firms is expected to increase. Blocking maturity extensions could raise borrowers’ repayment burdens and fuel concerns about higher delinquency rates. At the same time, tighter household lending limits could reduce capacity for new loans. A financial industry official said, “With concerns growing about a domestic slowdown as Middle East risks drag on, strong regulations could quickly expand delinquency rates,” adding, “The president has also mentioned tax adjustments as a last-resort regulatory tool, making changes to lending strategy unavoidable.”  2026-03-23 15:51:00
  • ITZY’s Yuna Makes Solo Debut With First EP, ‘Ice Cream’
    ITZY’s Yuna Makes Solo Debut With First EP, ‘Ice Cream’ ITZY’s youngest member, Yuna, is stepping out on her own seven years after debuting with the group, unveiling her first solo EP, “Ice Cream.” A release news conference was held Monday afternoon at the Pullman Ambassador Seoul East Pole in Seoul’s Gwangjin district. Yuna debuted with ITZY in 2019 and becomes the group’s second member to launch a solo project, following Yeji. “It’s my first solo album in seven years, so I feel a lot of pressure, and I really want to do well,” Yuna said. She added that Yeji’s solo work “influenced me in a good way” and helped her prepare. Yuna said she wrestled with doubts during production, asking herself whether she could carry a project alone, but said the process ultimately gave her confidence. “While preparing the album, I discovered sides of myself I didn’t know and gained courage,” she said, crediting support from staff, her bandmates and the group’s fan community, known as MIDZY. “It wasn’t easy to fill a song in diverse ways with only my voice. I studied a lot at home and in the studio, and I think that process gave me another chance to grow.” She said the solo project also pushed her to be more assertive than she typically is in group work. “In group activities, the five of us have to bring our opinions together and compromise, so I tended to follow,” she said. “For this album, I shared my opinions first and acted more proactively.” The title track, “Ice Cream,” is a bubblegum pop song with a bouncy, addictive hook. It carries a message about savoring the moment “as sweetly as ice cream melting,” she said. “I was hooked the first time I heard ‘Ice Cream,’” Yuna said. “As soon as I heard it, I could picture the stage, the performance and the visuals, and I thought I wanted to show my charm with this song.” She said she hoped the choreography would be something “anyone would want to follow,” and that she prepared a performance that suits her. The EP also includes “B-Boy,” described as having a freer mood; “Blue Maze,” which depicts a soft, dreamy moment of love; and “Hyper Dream,” built on layered sound. “I think my strength is bright, natural energy,” Yuna said, calling the release a good fit for spring and recommending it for commutes. She said ITZY members encouraged her after hearing the songs, and that Yeji visited the music video set. “When I saw her, I teared up,” Yuna said, adding that a snack truck sent by the members — with bungeoppang and fish cake — was “really delicious” and moving. Yuna also recalled encouragement from Park Jin-young, whom she referred to as PD. “He told me, ‘Yuna, I’m really looking forward to it. Don’t get hurt, and finish it well in good health,’” she said, adding that his support meant more because he has watched her grow since she was young. Yuna said she hopes the promotions help establish her beyond her role as the group’s youngest member. “I want to be recognized as Yuna, and I want to receive a lot of love,” she said. “I’ll do my best so that when you see the stage, you’ll say Yuna has grown up well.” “Ice Cream” will be released at 6 p.m. Monday on major music streaming platforms. * This article has been translated by AI. 2026-03-23 15:45:19
  • S. Korean broadcaster wins final copyright suit against Chinas video platform Bilibili
    S. Korean broadcaster wins final copyright suit against China's video platform Bilibili SEOUL, March 23 (AJP) - South Korean broadcaster MBC has secured a final victory in its high-stakes copyright infringement suit against the Chinese video-sharing platform Bilibili, the company said Monday. The Jiangsu High People's Court delivered a definitive blow to the digital "safe harbor" defense long utilized by Chinese tech giants, signaling a critical shift in how Beijing enforces international intellectual property standards for foreign content providers. By significantly increasing damages in this final appeal, the court established that a platform's duty of care scales with its commercial influence and the sophistication of its recommendation algorithms. The ruling marks a long-awaited turning point for foreign entities that have historically struggled to find functional legal recourse within the Chinese judicial system. Based in Shanghai, Bilibili is one of China’s most influential video-sharing platforms, often described as a hybrid of YouTube and Netflix with a heavy focus on anime, gaming, and "user-generated content." By the end of 2025, the platform averaged 366 million monthly active users, making it a central hub for young Chinese consumers and a dominant force in the region's digital economy. Unlike other online video platforms where South Korean dramas and films are the primary focus, Bilibili serves as the preeminent source for South Korean music programs, variety entertainment shows, and celebrity-driven content. These broadcasts are typically uploaded to the platform within one or two hours of their original airing in Seoul, complete with sophisticated Chinese subtitles provided by "fansub" groups. This near-simultaneous piracy undercuts the commercial viability of legitimate licensing deals and streaming rights, creating a systemic drain on the industry. The scale of the crisis is underscored by data from Park Young-soon, a lawmaker from South Korea's Democratic Party, who noted that trademark infringements in China surged from 977 in 2017 to a peak of 3,457 in 2020. While 2021 saw 2,922 recorded cases, the systemic nature of the problem remains evident. According to Park Young-soon, China accounts for 63.4 percent of all overseas intellectual property disputes involving South Korean companies. Despite this overwhelming volume, government support for affected firms has remained relatively modest, with only 65 cases receiving state assistance in 2021. The case originated in 2021 when MBC filed for damages after discovering thousands of unauthorized clips circulating on the platform for extended periods. Although a lower court initially recognized the infringement, the broadcaster appealed because the awarded damages failed to reflect the actual commercial value of the content or the platform’s role in its spread. In its final judgment, the Jiangsu High People's Court pivoted, ruling that the platform's failure to act despite the obvious "commercial value and high recognition" of the MBC library constituted a form of contributory infringement. This hardening of the Chinese judiciary aligns with broader trends observed in recent years. In 2024 alone, Chinese courts awarded approximately 120 million dollars in punitive damages across 18 major cases, reflecting an intensified effort to align domestic enforcement with international standards like the Berne Convention and TRIPs Agreement. The court has signaled that the sheer scale of a platform now dictates a higher duty of care. Beijing appears increasingly willing to treat large-scale digital platforms not as passive hosts, but as active distributors responsible for the legality of the traffic they monetize. An official from MBC stated that the ruling makes it clear that platforms can no longer evade responsibility while exercising substantial influence over content distribution and reaping immense profits. The broadcaster confirmed it will continue to pursue aggressive legal action against any overseas platforms that facilitate the unauthorized distribution of its content, regardless of the format. The judgment is final and takes immediate effect under China’s two-instance trial system. 2026-03-23 15:30:55
  • Korean cracking facilities shuttering amid naphtha crunch, Seoul reacting to crisis
    Korean cracking facilities shuttering amid naphtha crunch, Seoul reacting to crisis SEOUL, March 23 (AJP) - South Korea's major naphtha cracking facilities at the Yeosu Industrial Complex are shuttering as a worsening naphtha supply crunch triggered by the blockade of the Strait of Hormuz forces the industry into emergency measures. LG Chem, the country's largest petrochemical firm, said Monday it would suspend operations at its No. 2 naphtha cracking center (NCC) plant in Yeosu, which has an annual ethylene production capacity of 800,000 tons. The company will keep its larger No. 1 plant, with a capacity of 1.2 million tons per year, running to maintain baseline output. Yeochun NCC, a joint venture between Hanwha Solutions and DL Chemical, also halted its olefin conversion unit (OCU) and some downstream operations. Lotte Chemical is advancing maintenance shutdowns and reallocating supplies to sustain core production. The moves reflect mounting strain as feedstock costs surge and supply routes remain disrupted. The move is aimed at conserving limited naphtha stocks by curtailing production of lower-demand petrochemical products while keeping core ethylene output intact. Yeochun NCC is struggling to maintain its operating rate at about 60 percent as a drop below 50 percent would force a complete shutdown due to safety risks. Naphtha prices have surged since the blockade of the Strait of Hormuz cut off imports from the United Arab Emirates, Qatar and Kuwait. Domestic naphtha prices reached $1,068 per ton as of March 18, roughly double the level at the start of the year. Global benchmark naphtha prices climbed to $873 per ton on Monday from about $480 at the beginning of the year, according to Trading Economics. The spike has effectively eliminated refining margins between naphtha and ethylene, meaning petrochemical producers are incurring losses for every ton of output. The shutdowns have raised concerns over downstream supply disruptions. Ethylene and propylene are essential feedstocks for plastics and vinyl, while butadiene is used in synthetic rubber for tires and paraxylene serves as a base material for polyester textiles. With the industry facing cascading risks, the government moved to shore up supplies and contain the fallout. Yang Ki-wook, the Ministry of Trade, Industry and Resources director-general of industrial resource security, said at a daily briefing of the government's Middle East response task force on Monday that "the pace of international oil price increases has been steeper than during the 2022 Russia-Ukraine war." He added that there would be no major disruption to domestic crude oil supply in April. Speaking at the National Press Club in Australia's capital, International Energy Agency chief Fatih Birol said Monday compared the current energy crisis to those of the 1970s and the impact of Russia's 2022 invasion of Ukraine. "This crisis as things stand is now two oil crises and one gas crash put all together," Birol said. The industry ministry plans to redirect domestically produced naphtha from exports to the domestic market by coordinating with refiners, which account for about 55 percent of the country's naphtha supply. Yang said emergency supply adjustment orders could delay potential plant shutdowns until late April or May, and that the government would seek supplementary budget allocations to support the effort. He added that the refiners were securing alternative volumes by rerouting shipments around the Strait of Hormuz. Of 24 million barrels to be sourced from the UAE, about 4 million barrels are set to arrive in late March and early April, with the remaining 18 million barrels expected to begin arriving from early to mid-April. The government is also considering imports of Russian crude oil, made possible by a temporary easing of U.S. sanctions, but remains cautious due to concerns over quality, financial settlement risks and potential secondary sanctions. 2026-03-23 15:08:30