The "Minute to Read ( Weekdays )" collection offers a brief summary of key happenings in Korea each day, succinctly packed into just one minute of reading time. Below is a summary for March 31st.
The Democratic Party has threatened impeachment across the entire cabinet.
South Korea's leading opposition party, the Democratic Party of Korea (DPK), has warned that they might initiate a series of cabinet impeachment proceedings targeting Acting President Han Duck-soo and others unless Ma Eun-hyuk is promptly appointed as a judge for the Constitutional Court. This action comes after strong criticism from the governing People Power Party (PPP), which labeled this attempt as an "act of parliamentary coup" and announced plans to pursue legal actions against DPK chief Lee Jae-myung and commentator Kim Ou-joon, alleging their involvement in instigating these calls for impeachment. Additionally, the DPK is exerting pressure on the Constitutional Court to expedite its decision regarding President Yoon Suk-yeol’s impeachment due to fears that the judgment may be postponed until at least April 15th.
The top three regional whiskey labels currently available for purchase
The leading South Korean whiskey companies — Golden Blue, Windsor Global, and Drinks International — are currently available for acquisition as major shareholders look for potential purchasers amidst a sluggish market environment. Golden Blue leads the sector with a 60% market share and anticipates fetching between 300 to 350 billion won ($239 million). In second place, Windsor Global commands around 30% of the market and aims for an estimated value of approximately 230 billion won. Meanwhile, Drinks International, holding the distribution license for the Imperial brand within South Korea, seeks about 80 billion won following its purchase of the label from Pernod Ricard at a cost of 60 billion won. Despite these valuations, all three firms encounter lukewarm response from investors primarily because of pricing concerns; notably, Golden Blue has refuted recent claims regarding its sale process.
The number of cryptocurrency investors in South Korea has surpassed 16 million.
As of February 2025, the number of cryptocurrency investors in South Korea exceeded 16 million due to increased market interest following U.S. President Donald Trump’s supportive position towards cryptocurrencies. At this time, registrations across the nation’s top five crypto exchanges stood at approximately 16.29 million. The surge in investor numbers became particularly noticeable post-election, with more than 500,000 additional accounts created within one month alone. Among these identified investors—totaling 15.16 million—the majority were male, accounting for about 10.13 million individuals. In terms of demographics, those aged between 30-39 years constituted the biggest portion of investors at around 4.51 million people. However, despite this significant rise, statistics show that out of all investors tracked, roughly 12.6 million—or 83% of the overall figure—held under $750 worth of digital currencies.
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