Top News in South Korea - January 24, 2025

Top News in South Korea - January 24, 2025

1. Politics: Prosecutors Considering Weekend Summons for President Yoon

The prosecution is reportedly considering summoning President Yoon Suk-yeol for questioning as early as this weekend. This follows the ongoing investigation into the December 3 martial law declaration and sedition charges against the president. Security measures are being prepared at the Seoul Central District Prosecutors' Office as tension builds in the surrounding areas.

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2. Economy: Korean Students Look to EB-5 Investor Program for U.S. Green Cards

South Korean students in the U.S. are increasingly turning to the EB-5 investor visa program to overcome barriers to securing H-1B visas. At a recent seminar in Seoul, experts highlighted the program's requirements, risk management strategies, and successful case studies. This program is being seen as a practical alternative for students seeking stable residency in the U.S.

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3. Society: Lunar New Year Weather Forecast - Snow and Cold Wave Expected

The Lunar New Year holiday is expected to bring nationwide snow and rain, especially on Monday. A strong cold wave is predicted to follow, with temperatures dropping significantly. Authorities have advised citizens to prepare for potential traffic disruptions and prioritize safety during the holidays.

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4. Culture: Variety of Cultural Events During Lunar New Year

Various cultural events are being held across the nation during the Lunar New Year holiday. At the Ulsan Arts Center, a traditional Korean music performance titled "Seol Binari" is being showcased. Local museums are also offering special programs, providing families with opportunities to experience Korea's cultural heritage.

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5. International: Trump's Speech Sparks Controversy at Davos Forum

At the Davos Forum, U.S. President Donald Trump's speech emphasizing "America First" drew criticism for contradicting the event's theme of global cooperation. The European Union expressed opposition to the speech, reiterating its commitment to independent policies and multilateral collaboration.

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