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The Night of Martial Law, Illuminated by Lightsticks

Photo Credit = X On December 3, 2024, South Korea was once again caught in the midst of a great historical upheaval. President Yoon Suk-yeol declared martial law under the pretext of national security, and the military seized control of major cities. Freedoms of assembly and expression were suppressed, and the daily lives of citizens were strictly monitored. Yet, even under such control, there was a generation determined not to remain silent: South Korea's MZ generation. The MZ generation found their own unique way of resisting—not through traditional means, but with lightsticks in hand, illuminating the darkness of oppression and showing their support for democracy. Lightsticks, symbols of the K-POP fandom, had long represented the unity and passion of music lovers. But that night, they took on a far greater meaning. They became a symbol of hope and support for democracy. In the streets of Seoul, citizens gathered with their lightsticks, creating a stunning display of diversity an...

The Era of Cashless Living: South Korea’s Digital Payment Revolution

Photo Credit = Pixabay South Korea is one of the world’s most cashless societies, leading the transition to a "cashless economy." With mobile payments and digital wallets becoming integral to daily life, especially among younger generations, this shift is not just about convenience—it’s reshaping how people live and interact in modern society. 1. What is a Cashless Society? A cashless society is one where physical money is rarely used, with transactions instead carried out through digital means like credit cards, mobile apps, QR codes, and NFC (Near-Field Communication). South Korea is at the forefront of this global trend. As of 2024, less than 10% of transactions involve cash, and digital payment methods dominate. Even traditional markets, once reliant on cash, now commonly accept QR codes and card payments. 2. Mobile Payments and Lifestyle Changes Among the Young Younger generations have been pivotal in driving the adoption of digital payments, embracing new technologies a...

How to Choose the Right Crypto Exchange in Korea

Photo Credit = Pixabay For those new to cryptocurrency investing, selecting the right exchange is the first and most critical step. Each platform differs in terms of coin offerings, fee structures, and security measures, making a careful decision essential. In South Korea, the top four exchanges are Upbit, Bithumb, Coinone, and Korbit. Here’s a breakdown of their features and strengths. Fees: A Key Factor in Choosing an Exchange Transaction fees are a primary consideration for investors, as lower fees mean more capital can be allocated to actual investments. Upbit, Korea’s leading exchange by trading volume, charges 0.05% for regular transactions and 0.25% in the BTC market. Bithumb has a higher base fee of 0.25%, but it offers subscription coupons that can reduce fees to as low as 0.04%. Coinone and Korbit charge 0.2% and 0.15%, respectively. Low transaction fees have contributed to the financial success of these exchanges. In 2021, Upbit’s operator, Dunamu, reported revenue of KRW 3....

All About K-PASS Transportation Card

Many people in Korea use K-PASS when using public transportation. Therefore, foreigners visiting Korea may also find it of interest. Below are key questions and answers regarding K-PASS distributed by the Ministry of Land, Infrastructure, and Transport. What is the K-PASS program? ▶ K-PASS is a program designed to promote public transportation usage and reduce transportation costs. It provides a refund for a certain percentage (20–53%) of public transportation fares regardless of the distance traveled. Transportation expenses up to KRW 200,000 per month are fully recognized for a refund. However, for expenses exceeding KRW 200,000, only 50% is recognized for the refund. What are the conditions for receiving a refund? ▶ Anyone aged 19 or older who resides in a participating municipality and uses public transportation 15 or more times per month is eligible for a refund. Refunds are given for up to 60 trips, with the highest amounts prioritized if usage exceeds 60 trips. What transportati...