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nuloq

Korea, explained through data

Understand the shifts in Korean news and culture through data, comparisons, and context.

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Issue

3.4% of Korea's Export Payments Were Settled in Won — What Is That a Share Of?

A plain-language explanation of what the 3.4% won settlement share in the Bank of Korea's finalized 2025 statistics is actually a share of. It also covers why the 2.7% and 3.4% shown in the table differ from the 0.8 percentage point change the Bank of Korea published, and how to keep the offshore won settlement system's target schedule apart from actual usage.

#economy#won internationalization#currency policy#trade settlement#Bank of Korea
Issue

Welfare ₩148.8tn, National Debt ₩1,519.8tn — What Is the 48.3% Ratio Divided By?

We separate the two ways of counting the welfare ministry's budget, and correct the denominator of the national debt ratio to nominal GDP. We hold back judgment on why the ratio falls until the official GDP assumption can be checked, and we found no confirmed evidence that the future response fund caused the ₩106 trillion rise in debt.

#budget#welfare#national debt#fiscal policy#aging population
Issue

Korea's National Pension Fund: domestic stock target raised, estimated domestic share 26.3% on July 8

Korea's National Pension Service raised its domestic stock target from 14.9% to 20.8% and put off the rule-based selling. Meanwhile the actual share a securities firm estimated came down from 31.1% on June 22 to 26.3% on July 8. Here is how to read those apart, including where the 28.8% limit carried in reports comes from.

#National Pension Service#KOSPI#pension funds#asset allocation#rebalancing

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Issue

Welfare ₩148.8tn, National Debt ₩1,519.8tn — What Is the 48.3% Ratio Divided By?

We separate the two ways of counting the welfare ministry's budget, and correct the denominator of the national debt ratio to nominal GDP. We hold back judgment on why the ratio falls until the official GDP assumption can be checked, and we found no confirmed evidence that the future response fund caused the ₩106 trillion rise in debt.

#budget#welfare#national debt#fiscal policy#aging population
Issue

A 5-Year-Old Text Threatens Korea's Justice Minister Pick

Justice minister nominee Kim Seung-won sent a text in 2021 asking regulators to speed up a drug trial approval. Five years on, that message is the flashpoint of his September 15 confirmation hearing.

#Korea Politics#Confirmation Hearing#Justice Ministry#Prosecution Reform#Lee Jae-myung Administration
Issue

Supreme Court re-nomination dispute — what Article 104 actually sets out

We confirmed the presidential office's request for a re-nomination, and the August 18 nomination of Son Bong-gi, from the presidential office briefing. In plain words, provision by provision: which law covers candidate recommendation, nomination, the National Assembly's consent and the confirmation hearing.

#Supreme Court#judicial independence#South Korea politics#separation of powers#Constitution